@sellitstore said:
U.S. population grew about 10% during this period, so the same numbers actually represent a 10% proportional decline in interest. Not much but the number of collectors needs to keep pace with the growth in population to keep the same number of collectors.
Respectfully, this premise is misguided when considering how much of that population growth is fueled by folks who do not share any sense of a common culture or history, let alone a common language.
Either way, all of our best attempts at prognosticating are irrelevant and unnecessary. The U.S. Mint is in the process of fixing everything with lotteries and privy marks!
I'm sure that's what you meant, right? No common culture or history or language, clannish, keep to themselves and bring over their old world traditions. Can't believe how much they are watering down REAL American culture!
You can continue to lament immigration to the US, as has been your wont (on a Coin forum of all places). Or, just give it a generation and the melting pot works and the differences disappear. Like with every other group of immigrants to America ever. Yes, even your ancestors.
Assume much? Or, do you claim to be a mind reader? Nobody is lamenting anything. It’s common sense that a demographic shift will impact all facets of a society in the near term.
Why do you have such a grudge against Italians? “Those dang Italians.” Very nice. I love it when a bigot and racist exposes themself for who they really are. Disgraceful conduct that will be reported.
And thanks for the history lesson everyone already knows, and nobody needed. Your attempt at insulting me is pathetic. Try harder! Put on your big boy pants next time.
I don't think that he was actually insulting Italians. It seemed like more of a joke to me.
It was funny. Some people just enjoy playing the PC card. What is ironic is Italians are not as sensitive as that guy!
having reread this post I keep thinking of something that happened a few years back. Back then some person posted that "Blondes were going to be extinct in 50 years." Every news service ran it like Moses came down a mountain with that carved on it. Within a few days the entire premise was destroyed with logic and facts.
Here the premise seems to be "The world is going to run out of old white dudes!" Does that premise actually sound logical? James
@seatedlib3991 said:
having reread this post I keep thinking of something that happened a few years back. Back then some person posted that "Blondes were going to be extinct in 50 years." Every news service ran it like Moses came down a mountain with that carved on it. Within a few days the entire premise was destroyed with logic and facts.
Here the premise seems to be "The world is going to run out of old white dudes!" Does that premise actually sound logical? James
No.
God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
@JimTyler said:
Coin collecting is an old farts hobby (mostly) and with the internet our recliners are the new coin show. Might make more collectors since it’s easier
Really? Then who are all of these YN’s I keep meeting at shows?
Well, no offense, but I keep meeting 95+% oldsters. Have you ever looked at Charmy's reports and who is there or Acousha's YouTube exploits/sales, etc. as examples????? Older than old.
@seatedlib3991 said:
having reread this post I keep thinking of something that happened a few years back. Back then some person posted that "Blondes were going to be extinct in 50 years." Every news service ran it like Moses came down a mountain with that carved on it. Within a few days the entire premise was destroyed with logic and facts.
Here the premise seems to be "The world is going to run out of old white dudes!" Does that premise actually sound logical? James
The demographic headwind is real.
I do NOT think that coin collecting will go the way of stamps because the size of the collector base, the passion for it, the ability to cross-collect and invest in bullion and quasi-bullion, and the pricing of silver and gold as investment metals (you see their price on the stock tickers on the financial channels ALL the time) keeps them distinct from stamps.
When you take into account changing preferences and demographics but also counter that with a larger total population size AND more $$$ from more people who can afford a semi-expensive coin (i.e., GenZ'ers today vs. young people 45 years ago)...it's alot more muddled and not as bearish. Not bullish....but not stamp-like bearish.
@GoldFinger1969 . The more things change the more they stay the same. Case in point. Do you know how many heroin addicts the 1900 census reported in the City of New York? 400 thousand. Do you know how many heroin addicts the 2000 census reported? 400 thousand.
What do you think happened to the ethnic population of New York during that same Century?
Large changes and or increases in the demographics pertaining to new or added ethnic sizes and groups does not mean another population must shrink. Just means more people. james
I'm an older millennial and started collecting as a child in the 80s. From my perspective, the hobby has been stagnating for decades. No offense to anyone here but it has always been an "old person hobby", and this isn't really a new development or anything.
2010 was a nice pump of younger people getting into the hobby because of skyrocketing silver prices. Lockdowns forcing everyone inside and the subsequent panic buying and now metals running again has drawn more people in.
Younger collectors occupy different spaces and enjoy different things. Modern bullion and commems are wildly popular. If anyone here is sitting on foreign commems and wants to unload them, now is probably a good time to get them graded and sell them. Counterfeits are such a problem that people want to pay the premium for bullion just to know for sure it is real.
I don't know where it's headed but I don't think it's dying. I did certainly feel relieved that all my $0.50 and $3 purchases from the 90s were suddenly worth 20 dollars out of nowhere. Though I'll miss them, it was very relieving to finally sell. A lot of that stuff stayed the same price for like 30 years.
I read a story years back that for every 10 collectors that pass, 1 takes their place. I found it hard to believe then as I do now. Any show I go to has a fairly robust range of people young to old. Coin collecting has morphed into collectors and investors with some crossing between the two. At least coin collecting/investing has not, and will never go the way of the dinosaur like stamp collecting.
@JimTyler said:
Coin collecting is an old farts hobby (mostly) and with the internet our recliners are the new coin show. Might make more collectors since it’s easier
Really? Then who are all of these YN’s I keep meeting at shows?
Well, no offense, but I keep meeting 95+% oldsters. Have you ever looked at Charmy's reports and who is there or Acousha's YouTube exploits/sales, etc. as examples????? Older than old.
You think Acousha exploits people?
/ˈekˌsploit/
1.
a bold or daring feat.
"the most heroic and secretive exploits of the war"
Collector of Capped Bust Halves, SLQ's, Commems, and random cool stuff! @davidv_numismatics on Instagram
@JimTyler said:
Coin collecting is an old farts hobby (mostly) and with the internet our recliners are the new coin show. Might make more collectors since it’s easier
Really? Then who are all of these YN’s I keep meeting at shows?
Well, no offense, but I keep meeting 95+% oldsters. Have you ever looked at Charmy's reports and who is there or Acousha's YouTube exploits/sales, etc. as examples????? Older than old.
You think Acousha exploits people?
/ˈekˌsploit/
1.
a bold or daring feat.
"the most heroic and secretive exploits of the war"
@skamieniecki said:
I read a story years back that for every 10 collectors that pass, 1 takes their place. I found it hard to believe then as I do now. Any show I go to has a fairly robust range of people young to old. Coin collecting has morphed into collectors and investors with some crossing between the two. At least coin collecting/investing has not, and will never go the way of the dinosaur like stamp collecting.
Never say never. I mean, I'm sure you'll be able to get melt value for your 18th century gold...
@JimTyler said:
Coin collecting is an old farts hobby (mostly) and with the internet our recliners are the new coin show. Might make more collectors since it’s easier
Really? Then who are all of these YN’s I keep meeting at shows?
Well, no offense, but I keep meeting 95+% oldsters. Have you ever looked at Charmy's reports and who is there or Acousha's YouTube exploits/sales, etc. as examples????? Older than old.
You think Acousha exploits people?
/ˈekˌsploit/
1.
a bold or daring feat.
"the most heroic and secretive exploits of the war"
That's the noun not the verb...
The original comment with "exploit" used it as a noun, the commenter that I replied to had thought of the verb definition.
Collector of Capped Bust Halves, SLQ's, Commems, and random cool stuff! @davidv_numismatics on Instagram
@JimTyler said:
Coin collecting is an old farts hobby (mostly) and with the internet our recliners are the new coin show. Might make more collectors since it’s easier
Really? Then who are all of these YN’s I keep meeting at shows?
Well, no offense, but I keep meeting 95+% oldsters. Have you ever looked at Charmy's reports and who is there or Acousha's YouTube exploits/sales, etc. as examples????? Older than old.
You think Acousha exploits people?
/ˈekˌsploit/
1.
a bold or daring feat.
"the most heroic and secretive exploits of the war"
That's the noun not the verb...
The original comment with "exploit" used it as a noun, the commenter that I replied to had thought of the verb definition.
From observing the crowd at the last coin show I was at, collecting isn’t so much dying. But of the few hundred walking around, there were very few under 50; zero under 21.
Comments
I don’t think coin collecting is declining (PCGS 3000) - My compare vs a year ago. Steady would be the best word.
However the number of people coming in the bourse room with over $500 to spend can vary based on locale.
It was funny. Some people just enjoy playing the PC card. What is ironic is Italians are not as sensitive as that guy!
having reread this post I keep thinking of something that happened a few years back. Back then some person posted that "Blondes were going to be extinct in 50 years." Every news service ran it like Moses came down a mountain with that carved on it. Within a few days the entire premise was destroyed with logic and facts.
Here the premise seems to be "The world is going to run out of old white dudes!" Does that premise actually sound logical? James
No
Experience the World through Numismatics...it's more than you can imagine.
No.
God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
You think Acousha exploits people?
The demographic headwind is real.
I do NOT think that coin collecting will go the way of stamps because the size of the collector base, the passion for it, the ability to cross-collect and invest in bullion and quasi-bullion, and the pricing of silver and gold as investment metals (you see their price on the stock tickers on the financial channels ALL the time) keeps them distinct from stamps.
When you take into account changing preferences and demographics but also counter that with a larger total population size AND more $$$ from more people who can afford a semi-expensive coin (i.e., GenZ'ers today vs. young people 45 years ago)...it's alot more muddled and not as bearish. Not bullish....but not stamp-like bearish.
@GoldFinger1969 . The more things change the more they stay the same. Case in point. Do you know how many heroin addicts the 1900 census reported in the City of New York? 400 thousand. Do you know how many heroin addicts the 2000 census reported? 400 thousand.
What do you think happened to the ethnic population of New York during that same Century?
Large changes and or increases in the demographics pertaining to new or added ethnic sizes and groups does not mean another population must shrink. Just means more people. james
My advice to those who worry about hobby survival. Sell!
I'm ready to buy your quality cast offs!
"Got a flaming heart, can't get my fill"
I'm an older millennial and started collecting as a child in the 80s. From my perspective, the hobby has been stagnating for decades. No offense to anyone here but it has always been an "old person hobby", and this isn't really a new development or anything.
2010 was a nice pump of younger people getting into the hobby because of skyrocketing silver prices. Lockdowns forcing everyone inside and the subsequent panic buying and now metals running again has drawn more people in.
Younger collectors occupy different spaces and enjoy different things. Modern bullion and commems are wildly popular. If anyone here is sitting on foreign commems and wants to unload them, now is probably a good time to get them graded and sell them. Counterfeits are such a problem that people want to pay the premium for bullion just to know for sure it is real.
I don't know where it's headed but I don't think it's dying. I did certainly feel relieved that all my $0.50 and $3 purchases from the 90s were suddenly worth 20 dollars out of nowhere. Though I'll miss them, it was very relieving to finally sell. A lot of that stuff stayed the same price for like 30 years.
I read a story years back that for every 10 collectors that pass, 1 takes their place. I found it hard to believe then as I do now. Any show I go to has a fairly robust range of people young to old. Coin collecting has morphed into collectors and investors with some crossing between the two. At least coin collecting/investing has not, and will never go the way of the dinosaur like stamp collecting.
/ˈekˌsploit/
1.
a bold or daring feat.
"the most heroic and secretive exploits of the war"
Collector of Capped Bust Halves, SLQ's, Commems, and random cool stuff! @davidv_numismatics on Instagram
That's the noun not the verb...
Never say never. I mean, I'm sure you'll be able to get melt value for your 18th century gold...
The original comment with "exploit" used it as a noun, the commenter that I replied to had thought of the verb definition.
Collector of Capped Bust Halves, SLQ's, Commems, and random cool stuff! @davidv_numismatics on Instagram
Fair
From observing the crowd at the last coin show I was at, collecting isn’t so much dying. But of the few hundred walking around, there were very few under 50; zero under 21.
The hobby ebbs and flows with the economy me thinks.