C'mon everybody.....Let's spice up coin collecting ideas for the young & upcoming new collectors
Paradisefound
Posts: 8,588 ✭✭✭✭✭
Do you share your passions by educating the youths for the fun and benefits of coin collecting? Will it be just another fading hobbies as the stamp collecting has been?
Does your children and grandchildren find it interesting enough to share your coin stories?
Are you planning to pass your collection to you next kin; knowing she or he will treasure it as much as you do?
2
Comments
I am building my collection and not knowing who would be worthy of when I pass one day....
It is like starting a new mortgage when you are into the twilight....sweating it up for someone else (no punt intended)
My kids think I’m nuts with all of my collecting endeavors and show no interest in them. However, my son has learned a lot about wine recently and likes visiting my locker/collection when he’s in LA. He might fancy himself getting the goods one day. I’d like that. I’m afraid all my other stuff will be sold off and split up including my coins.
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
One can only dream of a Coin Festival where there would be
A petting zoo included bison and american eagle.
Young boy dressed up as George Washington trying to chop down cherry tree, sponsored by party city and home depot.
Team of park rangers and travel agencies introducing state quarters and vacation packages.
Man in superman costume selling Canadian superhero series.
Live event of native american ritual to boost the sale of Indian coins.
Games such as gold mining where people could win some fool's gold or real gold coin.
Food vendor selling coin waffles.
Too many to list..... anything we saw in a festival would be doable. And it would be educational and fun for all ages.
Too much instant gratification to lure teens/young adults. They seem to want to look through a couple hundred coins and hit the jackpot by finding a DD or a funny looking bump making the coin worth thousands. I definitely share with anyone who will listen but its hard to get them to look away from their phone or laptop. The shipwreck gold find in the last PCGS magazine did grab some attention from the adults but no response from the teen gallery. My collection will be sold. I already made it clear don't put them in the box with me and don't keep them because you feel guilty about selling them off. Get rid of them and if possible have fun with the money.
"A dog breaks your heart only one time and that is when they pass on". Unknown
I've said it before ... don't die with your collection. While it didn't involve a coin collection, I have been in the process of disposing of estate items over the past two months. It isn't an enjoyable experience. Don't saddle your heirs with disposal of collectibles they have no interest in. The future belongs to the living. Let them do what they want with their lives. Don't try to force your own preferences on them.
Makes you wonder what coin collecting will be like say 5+ years down the road. I think one of the parents has to be involved as well. In my younger day I attended the various shows off an on for 30 years just a casual collector ok I will admit I have one "Strike doubling" adverised
Good thing We paid a slight premium over coin value!
1937 D Buff Double Date iand profile. Their was no PCGS forum to badger anybody LOL
Back on topic I dont see coins in genetral can maintain their current values in the years with decling collector base and lack of interest for most say under 40 Should be interesting times in the upcoming years.
1Mike1 I would say sell your collection yourself know it best and what you can expect.
In my case I have collected Mint Errors Buff Merc nothing exceptional but If left to somebody else the Redbook if used just a general price and the possiable dealers small interest so everbody stay healthy lol in 20 yeats and bid on EBAY if still exists.
Maybe we are missing the boat and should be stocking on those phantom errot coins since its seems to be in fashion here.
Would be interesting and even more so if hidden video get some elderly female and take some valuable coin((s) to a coin show or shop and say I know nothing and see what they offer .
This would be very interesting to see really how repeutable a dealer is and the coin must be graded so they cannot say it was something else!
There seems to be some beliefs that the hobby is in decline. I do not agree...I believe it is as healthy as always and we have seen an economic decline. I believe this is changing now....Just because the majority of dealers and attendees at coin shows seem to be older does not mean that there is not a serious younger base. Check the internet and places like Instagram. Also, the younger collectors are building careers and families, so not as much time or disposable income. They will form the next base of 'older' collectors. I have heard this old refrain of a 'dying hobby' for over forty years...rubbish. Cheers, RickO
291fith Were you left with instructions and value of items worth? Your right sell it yourself I would to know my items got sold for a fair price and the inpleasant task you have to yourself.
I'm still too young at heart to admit someday I'm going to pass away. With that being said, I am always willing to involve myself in the hobby.
my son is 31 and his coin collection is better than mine.Most of his coins came from my collection at bargain prices.Good thing I never tried my hand as a coin dealer.
We need a super-hero movie franchise. "Coin Man". He flies from show to show searching for undervalued trinkets. His super powers are laser vision which can grade the surface of any metal object. Hey, maybe the movie franchise will evolve into a major multi-media event - Coin-Con. It will cost $100 just to attend. A video game will have "Coin Man" (an Italian guy named Mario) jumping around the screen collecting coins.
As a result of this hyper activity, the price of coins will rise to unheard of levels. State quarters will even be collected from change.
Personally I think one of the biggest issues are the super long running series like we have now...they just go on forever and ever and it is tough to stay engaged enough to put together a set at a reasonable cost. I think the Mint and powers to be missed a great opportunity for a centennial change over the last decade or so. New Indian cents, Merc dimes, SL Quarters would have generated interest in the older series and possibly sparked the interest of younger collectors.
K
Coin collecting, stamp collecting going the way kids no longer play sandlot baseball, ... young relatives tell me want money as gifts ...not old coins
IMO when I see threads dedicated to fostering interest in coins with kids I always feel like they miss the mark. Should be fostering an interest in the 30-40 crowd who have the now-children. They’re like the lost collecting generation who have cars and finally-stable income to take their kids to the shows and stores and spend the money on starter sets and get into the hobby.
The huge dump most collectors take on moderns has done a lot to kill interest. I remember the first show I went to I was browsing the bourse and a dealer asked if he could help me find anything. I told him I was looking for some nice raw non-mint set presidential dollars to add to my set. I got an earful about how moderns were garbage and I should be collecting seared quarters or something like that (probably whatever that dealer had in stock). Really turned me off to coin shows.
What new collector starts with collecting 19th century coins right out of the gate? Yea, I’m sure one or two of you will come along and say, “I did!” just to try and be the voice of opposition - but how many others do the same?
For you wine drinkers it’s like trying to get someone into wine by giving them a glass of old DRC or a nice bretty Rhône. No! You get them into wine through Yellowtail then Penfolds. Everyone laughs at Yellowtail and puts them down but it’s probably started more wine enthusiasts than you can imagine.
we need to educate the parents before we try and educate the kids....simple!
Ricko is right - if you're active on Instagram, you'll see that there is a fairly substantial community of young collectors out there. I've met some at shows, some when I teach at summer seminar, and many through my IG account.
Not all of them collect precisely what you'd expect - 20th century bullion ingots are VERY popular right now (and many bring surprising premiums). I like to imagine that when they get a bit older and have more disposable income, this will bode well for 19th Century assay ingots, but who knows.
I think that the biggest thing that attracts younger people to the hobby is the idea that they can find something out there that's valuable - it's what has drawn people into the hobby for years. The best way to do this is probably to have online resources (like this forum/PCGSCoinFcats) that help educate people who would like to learn more. More interesting web content=more collectors.
What is now proved was once only imagined. - William Blake
Very true on modern coin values... dealer buy price is silver content ...My friend says the market dead now ...had a great Holiday .. even the Gold spike last month did little to interest
Coin hobby dying ??? look the number of B&Ms that have gone away ..or those around, that now sell other collectible items with coins
It's tough to instill desire. It has to come from within. It is kind of difficult to spice up the hobby. A kid has to want to research. And study is one of youth's least desires. They'll learn one day ----when THEY want.
``https://ebay.us/m/KxolR5
Serious collecting calls for some degree of discipline, perseverance and good judgment.... value in society for X > Y generations to posses first IMHO
The only group I think that can be successfully brought into the hobby (at our doing) are youths who are serious history students or history buffs.
Aside from that it just has to "happen".
And in my opinion- All these stupid quarter and dollar programs- The initial run of State Quarters program was wildly popular because it was fresh and exciting for non-collectors. Now, all this "special" stuff isn't so special anymore. It's boring. Even with good eyesight you can't read the writing on them without magnification.
It's been beaten to death. They need to go back to the way it was and pick one design each for all circulating coinage for at least 5 or maybe 10 years. After that try again for a LIMITED TIME. Our coin designs have been turned into a circus and even kids get tired of a circus.
Great transactions with oih82w8, JasonGaming, Moose1913.
All of the above.
Although I am hopefully far away from when it will be needed, I am starting to think about at least doing an inventory/explanation of everything I have so that if someone had to step in they would have some idea what they were looking at.
I don't have too much chance to have any one on one influence on younger types to try to get them into collecting, but I do a small part to bring attention to coins by doing a lot of counterstamping. Most of it goes into circulation, so someone, somewhere is at least noticing these coins. What they think of it is anyone's guess, but maybe someone will be prompted to look further and as a result gain a new hobby.
I agree. U-tube and Facebook are full of young collectors. Just look at the Coin Opp group membership alone (on Facebook). It's very encouraging!
My grandpa passed the bug to me and I passed it on to my 30 year old son. My grandson loves it when we talk coins and he has also caught the bug!!
I started late in life myself so was not able to enjoy the hobby with my children. All grown & out of house. I do recall my parents had collected in the 60s-70s time frame. After they reached Kids 5 & 6 those coins got sold and they stopped. I think that the US mint pushed the idea of collected and that is how they got into the collecting back in the day. My Mom will still pick up coins when she see's them at Garage sales, nothing extravagant. It really is important that mints,coin businesses and collectors make the effort. I cant imagine coins ever going the way of the stamp but it does have a generational gap to contend with.
Best place to buy !
Bronze Associate member
Many casual collectors of the 1960s and (maybe) the first part of the 1970s were coasting along gathering up 90% silver coin at face value. These people were very numerous for a while, it was reasonably logical that silver coins would go to a premium, someday. They never got more into it, for the most part - maybe they purchased a Red Book and a few blue Whitman folders at Woolworth's. A few of these people 'scored' a seated coin or two in their hoarding and that's as far as they ever got. When silver coin got to three or four times face, they sold out and forgot about it. This was 'coin collecting' for a lot of average folks back in the day.
I think it all depends on the mindset of the younger generation. We need influential older collectors and younger people who are interested in this type of stuff. My grandpa got me started in the early 2000s when I was real young. I always had him get his coins out whenever I went to his house. It got to the point where he would say no because I had just seen them the day before. lol.
He started all of us grandkids with sets. We all had our own Morgan dollar, large cent, buffalo nickels, indian head cents, barber coins, etc. I had an 1897-o morgan that was my favorite coin for a long time(ended up losing it) and an 1848 large cent that I still have. It was my oldest coin at the time. I was the only one of the grandkids that showed any interest though.
Also I hated state quarters as a kid... and still do. If you are going to give your grandkids coins start them out with something cooler like mercury dimes, buffalo nickels, etc. It may be more expensive, but they are much more appealing than coins you get in your change everyday. Everyone and their mom were "collecting coins" in the 2000s. When I would ask kids at school what they collected , they would always say "oh just the state quarters". They had no knowledge of older coins.
I'm not trying to bash the quarter series, I am sure it brought a lot of people into the hobby, but I believe it presented the hobby in the wrong way. There is a lot more to the hobby than just searching through change and popping a couple quarters into a cardboard book with a map on it. It seems that everyone participated and got bored after the first year. How many people actually spent the full 8 years or whatever to get their maps done? Not many. I think in some ways the quarter series turned a lot of people away from the hobby. It became boring for them. It exposed them to a side of the hobby that the majority of serious collectors don't participate in.
I do see a lot of people on YouTube silver stacking. Those videos are really popular. There’s quite a large crowd of bullion buyers under 30.
People are either collectors or not, and for the most part, they're born this way. The future doesn't rely on making non-collectors into coin collectors, but rather channeling the attention to detail and desire to collect something that born collectors have into coins.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
My son and grandson love my collection. I have NO worries that they will treasure my collection as I have all my life. I have taken my son to every coin show I attend. Now both my son and my grandson go with me. That and they also enjoy the imaging process .
No fear! This hobby will always be alive and well. NEVER, EVER compare coin collecting to freaking stamps. Just don’t see them in that light. It’s not heathy for anyone
It was a case of "stuff", "stuff" and more "stuff". Most was either donated or trashed because the cost of selling would would have been higher than the amount realized. "Stuff" is an incredible time waster and time is money.
Error coins are the spice of numismatics.