How many coin collectors in the USA?
Bobbo50
Posts: 233
Anyone care to guess how many coin collectors there are in the USA?
The ANA has what, like 20,000 members or so?
Of course there are many levels of collecting but I'm referring to those who are more than just casual collectors of state quarters and the like.
The ANA has what, like 20,000 members or so?
Of course there are many levels of collecting but I'm referring to those who are more than just casual collectors of state quarters and the like.
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Comments
Russ, NCNE
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
If the cut off is put at spending $1000+ per year on collector coins, excluding bullion value, I'd guess 20,000 so-called "serious" collectors. Lower the spending to $200 and my guess goes to 100,000. Include the bullion folks and multiply the numbers by 3x because of the run up in precious metals.
<< <i>If you believe the guys on Coinvault, 130 million. >>
LOL - the Coinvault guys are a veritable fount of information.
Without them I'd never have known that a 2011 MS69 $5 AGE was worth $250!
Yet I still tune in to their show and the other one with that Jimmy Gerstel guy.
<< <i>Don't the majority of people over a certain age have a few coins collected in their purse or pocket?
You beat me to it!
<< <i>Depends on how a person defines the term. I believe Heritage has about 100,000 registered users. The U. S. Mint sells over two million proof sets every year. A lot are gifts, but still end up in collections. Many millions more put away coins such as state quarters or wheat cents, but never spend more than face value for any coin.
If the cut off is put at spending $1000+ per year on collector coins, excluding bullion value, I'd guess 20,000 so-called "serious" collectors. Lower the spending to $200 and my guess goes to 100,000. Include the bullion folks and multiply the numbers by 3x because of the run up in precious metals. >>
You also have to take into account collectors who wax and wane. When bullion prices are low, that is mostly what I buy. I may not buy even a single collector coin next year if silver dips down under $20 an ounce again. Does that mean I am not a collector that year?, but I am a collector this year and three years from now? I will always consider myself a coin collector, whether I am actively pursuing the hobby through purchases or just enjoying the coins I already have. There were plenty of years when I bought not a single coin for my collection, yet I still considered myself a coin collector. I am sure there are more people like me who wax and wane as life goals and interests change, than there are hard-core collectors who buy some substantial amount consistantly.
Greg
After excluding those who qualify for BOTH categories........
Are there more people out there collecting COINS or PENSIONS?
COINS or SOCIAL SECURITY?
COINS or UNEMPLOYMENT?
- - Dave