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Are numismatists a disappearing breed?

I think it is pretty safe to say that there are not nearly as many young collectors as there were 30 years ago. What will our hobby be like 30 years from now? Will our hobby begin to slowly fade away and become a thing of the past? As fewer and fewer coins are being used in circulation, will there be less and less new people coming into the hobby? Are we a disappearing breed?

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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭
    Damn good question.
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    numismanumisma Posts: 3,877 ✭✭✭✭

    I wrote a letter to the editor of Coin World in 1984 (I was 15) regarding this very topic. They published it. I stated 2 reasons for the absence of youth in numismatics; the new computer craze and bad dealers.
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    MrEurekaMrEureka Posts: 24,684 ✭✭✭✭✭
    I think it is pretty safe to say that there are not nearly as many young collectors as there were 30 years ago. What will our hobby be like 30 years from now? Will our hobby begin to slowly fade away and become a thing of the past? As fewer and fewer coins are being used in circulation, will there be less and less new people coming into the hobby? Are we a disappearing breed?

    Frankly, it doesn't matter. Within 30 years, 90% of the valuable coins will be traded exclusively between numismatic hedge funds. Serious collectors will be out of the picture, more or less. Of course we'll still have people of all ages collecting odds and ends from their pocket change. That is, if coins have not been completely replaced by micropayments systems.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭


    << <i> I think it is pretty safe to say that there are not nearly as many young collectors as there were 30 years ago. What will our hobby be like 30 years from now? Will our hobby begin to slowly fade away and become a thing of the past? As fewer and fewer coins are being used in circulation, will there be less and less new people coming into the hobby? Are we a disappearing breed?

    Frankly, it doesn't matter. Within 30 years, 90% of the valuable coins will be traded exclusively between numismatic hedge funds. Serious collectors will be out of the picture, more or less. Of course we'll still have people of all ages collecting odds and ends from their pocket change. That is, if coins have not been completely replaced by micropayments systems. >>

    That's a pretty grim prediction.
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    There may not be as many YN's (I'm one of the few), but that does not mean that the hobby is in danger. I'm sure many of you guys will be alive and kicking, and collecting, in 30 years. Also adults can join in their 20's-30's-40's if they want to, too.
    image
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    Could be. However, could be another golden age when nickels and cents become worth melting. The profit motive is a strong one for some folks. Even the clad quarters and dimes might at some point be worth melting during the next 30 years (now at 30% to 40% of face value in metal). This could lead to a great boon for the hobby, or the beginning of the end, as everything goes to cash cards or point of sale scanners or the like.
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    LeianaLeiana Posts: 4,349
    Yes! That's why I am writing a book specifically geared towards young numismatists. A book that is readable and appealing to YNs will be a good educational tool and might be able to catch and engage more kids in collecting.

    -Amanda
    image

    I'm a YN working on a type set!

    My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!

    Proud member of the CUFYNA
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    Dennis88Dennis88 Posts: 5,797 ✭✭✭
    Right now most youngsters are more attracted to computer games and that nonsenseimage But when they get older, they start to get interested in history and search an hobby. It's like 20 years ago, new youngsters are coming, others are attracted to other things but after a while things that first seemed "stupid" to a youngster might become interesting to an adult.

    Dennis
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    ZoinsZoins Posts: 34,467 ✭✭✭✭✭
    I have relatives, including a neice < 10 years old, that are all collecting state quarters out of pocket change, much to my surprise. Because I live on the opposite coast, they've actually asked me to bring back quarters with mint marks they don't normally see. While not numismatists, some of them are pretty young and collecting state quarters is a pretty popular past time. For Christmas, I'm giving one of them a silver quarter proof set and the others various interesting legal tender silver ounces. I think the US Mint hit on a good idea with the state quarters. I think it's important to have interesting coins in circulation, not just in collectible sets sold from the US Mint. I don't think the Presidents $1 series will help much because the general public doesn't typically see anything beyond the quarter. I believe the 1996 Atlanta Olympics commemoratives would have generated more interest in coin collecting if they were also quarters that were placed in circulation.

    In addition to seeing things in circulation, I think people like collecting sets, not just buy things in one shot, e.g. buying a couple 2006 Franklin commemoratives from the mint and that's the end of it. I've noticed that lunar fans from China are going up in price and getting scarce. Each one is legal tender in China. You collect all 12, 1 per year and they form a circle with the zodiac animals on one side and a Great Wall mural on the other. As this has gotten popular the mintages have gone up dramatically so not everyone will be able to create a full set in the end. Okay, this might be kind of gimicky but they seem to be hot sellers and collected by people other than traditional US numismatists. The Presidents $1 series may be of interest in this category but I think this category has a smaller outreach than the general circulation category.

    Another thing that may help is making more commemoratives out of ounces of silver. Lots of people who don't understand coins do understand silver and gold. If you can give 1 ounce of silver as a gift which also happens to be a legal tender commemorative coin that may eventually have some value above its's bullion value, it may generate more interest.

    Modern, widely-circulated, US coins are pretty boring and haven't changed in a very long time (aside from the state quarters and recent nickels). It probably wouldn't cross the average person's mind that coins would be fun to collect except for these new varieties.

    Beyond that, there are some young numismatists which was discussed on another forum recently.

    I think the US Mint is moving in the right direction and generating grass roots interest. I also think growing the YN base is correlated to the US Mint generating interesting, circulating, coins. It will be interesting to see what the US coin landscape looks like 10 years from now.
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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭
    I started in my mid 20's and never collected as a child.
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    mirabelamirabela Posts: 5,196 ✭✭✭✭✭


    << <i>% of the valuable coins will be traded exclusively between numismatic hedge funds. Serious collectors will be out of the picture, more or less. >>



    How can this make sense? The collector is the end user, without whom rare coins really aren't worth anything. I think there is a kind of game theory equation at work, and a certain percentage of coins will need to be available to collectors -- not funds -- for their value to be maintained. The funds could more or less precipitate the collapse of the market by buying and holding too much.
    mirabela
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    MyqqyMyqqy Posts: 9,777
    I would not be surprised if the continuing state quarter program brings in enough younger collectors to keep the hobby viable for many, many more years....
    My style is impetuous, my defense is impregnable !
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    BillJonesBillJones Posts: 35,798 ✭✭✭✭✭
    The Wall Street Journal has published articles about how young people don't collect things any more. My wife has commented that all she sees at the coin shows are "old men" (me included). I don't know what the people who buy strictly on the Internet are like. Many a number of them are much younger that the "old coots" who go to shows.

    I can't agree with the comment that 30 years from now 90% of the valuable coins will be traded in numismatic hedge funds. If there is no collector support, where will these coins get their value? Saying that it will only be hedge funds suffers from the same flaw as the "investor" and "collector" coin bifrocated market. When the investors stop trading with each other, the game is over, and the market will crash.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    RegistryCoinRegistryCoin Posts: 5,129 ✭✭✭✭
    No, i don't think so. (BTW, I hope you book sells a million copies, Amanda. Let us know when it comes out.)
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    291fifth291fifth Posts: 25,183 ✭✭✭✭✭
    Look to stamp collecting for the answer. Coin collecting is probably 15-20 years behind stamp collecting so far as its fate goes.

    Coin collecting will still be around, but it will again be the "hobby of kings."
    All glory is fleeting.
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    coinguy1coinguy1 Posts: 13,484 ✭✭✭
    It's not just a lack of new/young collectors joining the current group of numismatists. Grading services and promotions by the U.S. Mint, among other causes, have in some ways taken the focus away from numismatics and directed it elsewhere, in a number of different directions.
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    BillJonesBillJones Posts: 35,798 ✭✭✭✭✭
    And for better or worse the profit motive has driven more people toward the "I'm in it for the money" point of view instead of studying and collectors sets and series. Just look at a lot of the posts here. There are few comments that say, "I can't wait to get my new ---- from the mint!" The usual comment is, "Do you think I'll make a killing?"
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    roadrunnerroadrunner Posts: 28,374 ✭✭✭✭✭
    Frankly, it doesn't matter. Within 30 years, 90% of the valuable coins will be traded exclusively between numismatic hedge funds. Serious collectors will be out of the picture, more or less. Of course we'll still have people of all ages collecting odds and ends from their pocket change. That is, if coins have not been completely replaced by micropayments systems.

    The little guy or even a rich collector can still compete at public auction today just as he could 25, 50, or 100 years ago. I don't see this changing in the next 30 years. Auctions and dealers will still exist and if you want to buy from them, you can. Hedge funds owe no allegience to anyone except themselves. There will always be a spot for dealers and serious collectors as long as you have the $$. If it ever gets to that point then you won't be able to buy your own stocks or even a car or a gallon of milk, some hedge fund will be doing that for you.

    Stamps were dead in the 1980's so coins are already 20 to 25 years behind them and no crash yet. There's something about a piece of metal (esp gold and silver) vs a piece of gummed paper.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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    BaleyBaley Posts: 22,663 ✭✭✭✭✭
    Numismatics in it's broadest sense has never been stronger in the history of the world than it is right this minute.

    In fact, in most of the U.S. subcategories, this is also true, from collecting early coins by die variety, through the middle series and branch mints,

    and on through collecting and studying this year's mint output, whether it be SQ varieties or perfect 70 bullion pieces.

    And here come the presidential dollars which everyone will save and not spend, spawning another wave of collectors who will have money after they finish high school, college, and get jobs.

    It will take time for a percentage of the SQ and PD kids to mature and gain interest in collecting the older series, and even longer before a percentage of THOSE become affluent enough to afford the truly rare coins

    Fortunately, the mint makes millions of new coins each year and the "mass media" public enjoys "condition rarities" and special designations, making for exciting profits and cool "coins I've never seen before" like the buffalos and reverse proofs

    Unfortunately, some who collect exclusively these first few low pops, where the underlying supply of perfect coins is enormous, could get discouraged, if they paid peak prices, when the populations grow and they lose value, hopefully we will not lose too many of those collectors, perhaps those high prices charged by the TV coin shows get people started who move on to paying fairer prices.

    Anyway, I think truly special coins will always be desireable regardless the market cycle, and I think there will always be a large population of people who like and study coins, and also that people will use coins in commerce for decades yet; people always look at their change and certain types of people will always want to own and study interesting coins.

    Liberty: Parent of Science & Industry

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    ZoinsZoins Posts: 34,467 ✭✭✭✭✭


    << <i>And for better or worse the profit motive has driven more people toward the "I'm in it for the money" point of view instead of studying and collectors sets and series. Just look at a lot of the posts here. There are few comments that say, "I can't wait to get my new ---- from the mint!" The usual comment is, "Do you think I'll make a killing?" >>

    TPGs and eBay have created a lottery type situation and people like winning (it's a lot harder to win in Powerball). The prices paid for some of these First Strike 70s seem kind of crazy to me but that's what a lot of modern collecting seems to be about. As has been mentioned the First Strike programs augment the conditional rarity effect a lot.
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    coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>

    << <i>And for better or worse the profit motive has driven more people toward the "I'm in it for the money" point of view instead of studying and collectors sets and series. Just look at a lot of the posts here. There are few comments that say, "I can't wait to get my new ---- from the mint!" The usual comment is, "Do you think I'll make a killing?" >>

    TPGs and eBay have created a lottery type situation. People like winning. The prices paid for some of these First Strike 70s is kind of crazy to me but that's what modern collecting seems to be about. TPGs create the conditional rarities and thus interest. >>

    I agree with the above and question how much of the current "collecting" activity truly relates to "numismatics".image
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    MrEurekaMrEureka Posts: 24,684 ✭✭✭✭✭
    The collector is the end user, without whom rare coins really aren't worth anything.

    In coins, there are no "end users". We buy coins, for whatever reason. Then we sell them, or our heirs do. It's the exact same way with stocks and bonds. The only difference is that, with stocks and bonds, you don't get to fondle your assets. I mean, er, specifically, the stocks and bonds. image
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    I find it interesting that the Mint is advertizing on TV.
    Computers did not kill the hobby. It brought many of us back to it. The coin dealers around here are a joke.
    And guess what Modern Crap™ won't be so modern anymore in thirty years.
    Online banking and bill payment programs don't keep me from getting Proof & Mint sets each year.
    And just maybe the powers that are (ie. Congress) will finally quit making dollar bills some time in the next thirty years.
    image
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    BurksBurks Posts: 1,103
    It's funny going to local shows and being the youngest there (who actually collects) by 10-15 years. Granted I'm only 21 there really isn't many people I know younger or around my age that actively collects. They have some of "grandpa's coins" but could they tell the difference between a Morgan and Peace dollar? Nope.

    There IS hope though. At a show in Michigan (rather large) there was a group of, sorry if I offend anyone, Boy Scout looking kids. They couldn't have been even teenagers yet. What were they doing you might ask? Going from table to table looking at coins with their loupes. One was even talking about "hairlines" on the coin. Talk about impressed. Even found one boy digging through a world coin box. He had a stack of about 10 coins and from the looks of it, he was very picky about his stuff (I was searching the box next to him, he had a good eye).

    So there is at least a small portion of younger people out there actively collecting and learning. A few of my buddies are kind of getting into it but they have this thing with "other" mints in the US. Their eyes get really wide when they see a MS65 Merc (isn't much to some of you but to me it is).

    WTB: Eric Plunk cards, jersey (signed or unsigned), and autographs. Basically anything related to him

    Positive BST: WhiteThunder (x2), Ajaan, onefasttalon, mirabela, Wizard1, cucamongacoin, mccardguy1


    Negative BST: NONE!
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    BillJonesBillJones Posts: 35,798 ✭✭✭✭✭


    << <i>The collector is the end user, without whom rare coins really aren't worth anything.

    In coins, there are no "end users". We buy coins, for whatever reason. Then we sell them, or our heirs do. It's the exact same way with stocks and bonds. The only difference is that, with stocks and bonds, you don't get to fondle your assets. I mean, er, specifically, the stocks and bonds. image >>



    Stocks and bonds pay dividends and interest. Their economic fundamentals are based upon the finanical health of the companies that issued them. Companies can generate income from a wide variety of economic activities. Coins only pay dividends though collector interest and pride of ownership. Without that coins are only worth their face or melt value.

    The oinly dividends that coins pay, except when they are sold, come in the enjoyment they provide to collectors. If those who own them only view coins are a commodity that they can sell to the next "bigger fool," the supply of fools will run out.

    Like I said, if collectors don't support the coin market, the coin market will crash. It's matter of supply and demand.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    DismeguyDismeguy Posts: 496 ✭✭✭
    The internet has and will continue to be the medium that extends our hobby well into the future. I'm not worried as I see enough individuals in their 30's and 40's entering the hobby. Coin collecting requires a reasonable disposable income and that personal status is not achieved until one has bought a house and is well settled in a career.

    Gerry Fortin's Rare American Coins Online Storefront and Liberty Seated Dime Varieties Web- Book www.SeatedDimeVarieties.com Buying and Selling all Seated Denominations....
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    cladkingcladking Posts: 29,962 ✭✭✭✭✭
    Newbies rarely become numismatistys for years. Now days one can much more
    easily progress from rank amateur to seasoned pro quite quickly (look at some of
    the young folk here), but this hardly means all will. Even very serious collectors
    might not turn up at coin shows with the regularity of those who have been build-
    ing collections and relationships for many decades.



    There is another generation coming along and this wasn't such a sure thing a decade ago.
    tempus fugit extra philosophiam.
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    << <i> I think it is pretty safe to say that there are not nearly as many young collectors as there were 30 years ago. What will our hobby be like 30 years from now? Will our hobby begin to slowly fade away and become a thing of the past? As fewer and fewer coins are being used in circulation, will there be less and less new people coming into the hobby? Are we a disappearing breed?

    Frankly, it doesn't matter. Within 30 years, 90% of the valuable coins will be traded exclusively between numismatic hedge funds. Serious collectors will be out of the picture, more or less. Of course we'll still have people of all ages collecting odds and ends from their pocket change. That is, if coins have not been completely replaced by micropayments systems. >>



    Thanks for raining on my coin parade.... lol.
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    << <i> I think it is pretty safe to say that there are not nearly as many young collectors as there were 30 years ago. What will our hobby be like 30 years from now? Will our hobby begin to slowly fade away and become a thing of the past? As fewer and fewer coins are being used in circulation, will there be less and less new people coming into the hobby? Are we a disappearing breed?

    Frankly, it doesn't matter. Within 30 years, 90% of the valuable coins will be traded exclusively between numismatic hedge funds. Serious collectors will be out of the picture, more or less. Of course we'll still have people of all ages collecting odds and ends from their pocket change. That is, if coins have not been completely replaced by micropayments systems. >>



    I can't believe that about hedge funds. How many numismatic hedge funds are there? I mean legitimate ones, not phony schemes designed to scam their investors. We all know how one of the biggest ones, the Ohio fund ended up. Same deal with one of the most famous ones, the Merrill Lynch coin fund. Seems to me that a court date and legal proceedings are par for the course, not the exception for numismatic investment funds. I will say it again, my opinion is that with a track record like coin investment funds have had, only people that want to lose their most of their money and get involved in court proceedings would invest in such things. The temptation for the principals to play fast and loose is too great for the average person often leaving the investors high and dry holding an empty bag.
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    CoxeCoxe Posts: 11,139
    Prior to 1940, there weren't very many YNs either and US numismatics had a good century of excellent scholarship then. Unlike the 19th century up to WWII, the availability of both coins and coin information is tremendous and participation and collaboration of many people is much better than ever before. Collectors will come and go but I see the actual future of numismatics, as a study, to be very rich and bright.
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
    SSDC - Life Member
    ANA - Pay As I Go Member
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    NumisOxideNumisOxide Posts: 11,037 ✭✭✭✭✭
    I don't think we're a disappearing breed because many collectors have kids or will in the future and a majority of them will most likely get involved in numismatics.

    I think that it will always be an active hobby.
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    500Bay500Bay Posts: 1,112 ✭✭✭


    << <i>As fewer and fewer coins are being used in circulation, will there be less and less new people coming into the hobby? >>



    The mint seems to make record number of coins for circulation each year. I agree it is strange - I use credit cards for almost everything - but coins must still be being used.

    Coin prices are still heading up - another good omen for the future.

    I think the reports of the death of the hobby is still premature.
    Finem Respice
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    TwoSides2aCoinTwoSides2aCoin Posts: 45,026 ✭✭✭✭✭
    Promote numismatics instead of propagating it's demise.
    The weak link in our society is : A whole community of negative people. After the world is rid of the doomsday thinkers, things will be fine. There is a rainbow after the storm.
    I am sure someone has a better numismatic rainbow :

    imageimage

    Amanda, put me on your list for buyers when the book is published.


    Joe
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    << <i>I wholeheartedly disagree with any notion that Wall Street will ever play that significant of a role in coins. If a product cannot be commoditized (i.e. every share of Microsoft is the same or every one ounce of gold is one ounce of gold), it takes too much time and effort in trading the product. >>


    Unfortunately, what grading services have done is they HAVE commoditized the market. Grading services (mainly PCGS and NGC) have made it so a sight unseen coin will always trade at a bare minimum (bluesheet)
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    My great grand father was a collector, my grand father was a well respected collector, my father was not after the age of 5, I started collecting when I was 6 or so, now I am 27 and a collector/dealer and my father has picked up the hobby also, though different numismatic preferences, he collects with his passion also, so now 4 generations. I am not too worried.
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    Numismatics has dramatically and permanently changed during my (a boomer's) lifetime. And unfortunately for all new numismatists it will never be the same.

    What's changed is that when I was a young numismatist in the early 60s, it was at least theoritically possible to find rare coins in circulation. We did find a lot of older coins in circulation or in bank bags. Maybe a few semi-keys and if we were extremely lucky a key date of somekind. That possibility is gone forever. Every semi-key coin or better now has to be purchased.

    However, I disagree with the concept that there are fewer young numismatists. The state quarter program and other mint issues have introduced an entire new generation of youngsters to collecting.

    How the current young numismatists transition from 'US Mint' customers to collectors of rare coins is the ultimate question.
    Don Willis
    Premium Numismatics, Inc.
    myurl
    800-596-COIN
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    NapNap Posts: 1,771 ✭✭✭✭✭
    I don't rememer there being many coin collectors when I was in high school. I wanted to start a school club but nobody else had any interest, so I had to latch on to the stamp club (which only existed because of one of our teacher's interest and promotion). And yet nowadays and it seems there are some people my age (26) and slightly older interested in coins.

    Perhaps the idea of cultivating collectors at a young age is something that is overrated in numismatics? I doubt many art, antique, autograph, etc collectors get their start as kids. Maybe young numismatists are more of the exception because coins, at least pocket change, is so accesible, but that doesn't mean that people won't continue to join and leave the market as they get older. Actually, the more I think about it, the more I think people that start collecting at a young age are quite likely to leave the hobby because of the inability to acquire(purchase) anything rare, while older more mature and certainly more financially secure people are perhaps more likely to stick with it. Of course this is not to say that young numismatists should not be encouraged, but it may be that they are not a good pulse on the life of the hobby.
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    cladkingcladking Posts: 29,962 ✭✭✭✭✭


    << <i>

    What's changed is that when I was a young numismatist in the early 60s, it was at least theoritically possible to find rare coins in circulation. We did find a lot of older coins in circulation or in bank bags. Maybe a few semi-keys and if we were extremely lucky a key date of somekind. That possibility is gone forever. Every semi-key coin or better now has to be purchased.
    >>



    This isn't even really true if you define "rare coins" as old US coins with a large numismatic
    premium. Indeed, exactly the opposite is true. There were "no" rare in circulation from the
    mid-'50's to the mid-'60's. Circulating coins had each been culled dozens of times my collect-
    ors intent on filling their penny boards and other collections. Even by 1945 the '09-S VDB was
    a virtual impossibility according to data published in The Numismatist at that time. This was be-
    fore the era that the coins were thoroughly checked!! In the late-'50's it was far more improb-
    able to find anything of great interest. Sure, there might be an occassional old horde being re-
    leased to circulation so it was theoretically possible.

    Now days some of the rarest US coins are found in circulation. There are not only recognized
    rarities with great value but there are also many scarcities with a real chance of being found and
    many unrecognized scarcities. This has happened largely because of the belief for two generations
    that there is nothing of interest in change allowing everything to simply accumulate while it's being
    ignored.
    tempus fugit extra philosophiam.
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    cladkingcladking Posts: 29,962 ✭✭✭✭✭


    << <i>I don't rememer there being many coin collectors when I was in high school. I wanted to start a school club but nobody else had any interest, so I had to latch on to the stamp club (which only existed because of one of our teacher's interest and promotion). And yet nowadays and it seems there are some people my age (26) and slightly older interested in coins.

    Perhaps the idea of cultivating collectors at a young age is something that is overrated in numismatics? I doubt many art, antique, autograph, etc collectors get their start as kids. Maybe young numismatists are more of the exception because coins, at least pocket change, is so accesible, but that doesn't mean that people won't continue to join and leave the market as they get older. Actually, the more I think about it, the more I think people that start collecting at a young age are quite likely to leave the hobby because of the inability to acquire(purchase) anything rare, while older more mature and certainly more financially secure people are perhaps more likely to stick with it. Of course this is not to say that young numismatists should not be encouraged, but it may be that they are not a good pulse on the life of the hobby. >>




    Most collectors start as children and drop the hobby as teens. They will then refind collecting as adults.

    Obviously there are many individuals who don't fit this mold.
    tempus fugit extra philosophiam.
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    500Bay500Bay Posts: 1,112 ✭✭✭


    << <i>What's changed is that when I was a young numismatist in the early 60s, it was at least theoritically possible to find rare coins in circulation. >>



    What about Wisconsin high leaf/low leaf quarters?
    Minnesota double die tree varieties?
    Finem Respice
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    Are you wondering about numismatists or coin collectors being a dying breed? Not the same thing, and I have seen no decline in the number of numismatists. As for coin collectors, I've heard these same doom and gloom comments for as long as I have been collecting. When I started 34 years ago you would go to a show and look around and what did you see? Guess what, old white guys and very few young people. I joined the local club that had around 100 members the average age was 55 years old. Most of the people who were members when I joined are dead now. The club currently has about 100 members, and the average age is 50. It has actually declined. I am a member of three different local clubs. Two of them with memberships of about 100 and one with about 150 (but they have about 61 life members, many of which we either never see or we have lost track of and don't know if they are still living.) I joined two of those clubs 17 years ago and both of them have grown in size by about 30 members during that time. Average age in those two clubs? About 50 - 55. I'm not worried about the collector base yet.
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    Another wildcard not even mentioned is that people may live longer and longer, at least in America and most developed countries. There are some futurists that believe there are people alive today that will live to be 200 years old. Many folks live to be 90 or 100 even with poor diets, little exercise and rudimentary medical care.
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    There might be a factor everyone is disregarding here: Things look gloomy if you gauge the hobby by how many people show up at shows or join clubs. But have you ever considered the idea that the Internet has fundamentally changed how collectors interact? Over the past 2 years, I've been to exactly 1 show, and don't belong to a club (otehr than PCGS Collectors' Club). I think there are a lot of people who sit in their homes, buying coins on Ebay or just going through their change, who might not ever go to a show. They're still collectors, and they can still be thought of as numismatists. As a social endeavor, the hobby is changing, but that doesn't mean the whole hobby is going to hell in a hand basket.

    If you haven't noticed, I'm single and miserable and I've got four albums of bitching about it that I would offer as proof.

    -- Adam Duritz, of Counting Crows


    My Ebay Auctions
    image
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    Not a chance! For the same reasons that people still collect and use cylinder records, vacuum tube audio, film cameras, etc., etc., etc. Someone will pass and carry the torch.

    John
    Coin Photos

    Never view my other linked pages. They aren't coin related.
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    dorkkarldorkkarl Posts: 12,691 ✭✭✭


    << <i> Are numismatists a disappearing breed? >>

    yes

    K S
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    TavernTreasuresTavernTreasures Posts: 1,262 ✭✭✭
    Where are the young collectors? These days you do not see many collectors under 40 in the breweriana hobby. Most are are around 60. There are a few young guys but not enough to replace the older guys who are dying off. Today, young people have so many choices on things to do. Collecting has taken on a smaller part as a leisure activity, than it has in the past. I believe this holds true for coins, stamps, baseball cards, antique advertising and all other serious collector areas.
    Advanced collector of BREWERIANA. Early beer advertising (beer cans, tap knobs, foam scrapers, trays, tin signs, lithos, paper, etc)....My first love...U.S. COINS!
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    IGWTIGWT Posts: 4,975
    -- "Are numismatists a disappearing breed?" --

    Apparently so.
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    LeianaLeiana Posts: 4,349


    << <i>-- "Are numismatists a disappearing breed?" --

    Apparently so. >>



    image

    -Amanda
    image

    I'm a YN working on a type set!

    My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!

    Proud member of the CUFYNA
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    I've often wondered if there is such a thing as a "collecting gene". My Grandmother had it, and I got it.

    As for the internet, I can absolutely say I would NOT have come back to collecting coins if it were not for Al Gore. I mean, the internet. And I am 33.

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