U.S. Mint estimates 139 million people in the United States are now collecting coins
 

Millions Discover the Hobby of Coin Collecting

</SPAN>Since the new Statehood Quarters and Gold Dollars were released, the U.S. Mint estimates 139 million people in the United States are now collecting coins. By every estimate, this is a quantum leap! From 1999 to 2008, five new State Quarters will be minted annually. Each State's unique design is released in the same order that the State joined the Union.

From a standpoint of demand, the most heavily populated states, like Texas and Florida, were released in 2004. With California being released in 2005. As a result, we expect another surge of fresh, new coin collectors entering the market. Remember Finding Silver Coins in Pocket Change?
New coin collectors have been driving the classic coin market in recent years. Since only five new Quarters are released annually, collectors get bored with the lack of new coins. Many begin collecting modern issues, classic Pre-1964 silver coins, silver dollars, and others are collecting Pre-1933 U.S. gold coins. In fact, there's a well documented boom across the coin collecting hobby. At recent dealer shows, nice coins like we trade have been really tough to find.
Not since the 1960's when real silver dollars, silver quarters, and silver dimes were removed from circulation have we seen such a wide variety of Americans collecting coins. Perhaps you're old enough to remember the thrill of the chase for those elusive silver coins.


Here is the full story http://www.austincoins.com/RCU-hobby-of-collecting.htm

:bandit: :rolleyes:

Re: U.S. Mint estimates 139 million people in the United States are now collecting coins
 

As long as they stick with the Cupro-Nickle and don't sift through rolls looking for silver, I have no problem with it.

Re: U.S. Mint estimates 139 million people in the United States are now collecting coins
 

I personally have a large collection of pre-65 dimes and quarters. I use the collector bucket for storage.....that way, you can dump 'em all out and look them over to make sure none of those post 65 counterfeit coins are mixed in.

Re: U.S. Mint estimates 139 million people in the United States are now collecting coins
 

Maybe the mint got it wrong and it's the 139 people here collecting millions of coins :tongue:


Does anyone think that circulated state quarters will ever have numismatic premium? I've been throwing the ones I get into a coffee can just for fun and saving, but I don't really have any hopes beyond that.

Re: U.S. Mint estimates 139 million people in the United States are now collecting coins
 

I have a huge "numismatic" nickel collection. Where do you coin holder booklets for a ton and a half of nickels?:rofl:

Re: U.S. Mint estimates 139 million people in the United States are now collecting coins
 

They have a selection here
http://www.cat.com/cda/layout?m=37840&x=7

Re: U.S. Mint estimates 139 million people in the United States are now collecting coins
 

No............................may be a good way to save.

Re: U.S. Mint estimates 139 million people in the United States are now collecting coins
 

Give me a break. I think that estimate is way high and I dont believe it. Thats better than one in three people.

Re: U.S. Mint estimates 139 million people in the United States are now collecting co
 

I agree - a lot of the new collectors are statehood quarter horders! The last coin show I was to had these collectors out in droves.

The true collectors are older people who are looking for a better quality of investment and not going after the current US Mint crap.

Re: U.S. Mint estimates 139 million people in the United States are now collecting co
 

Though I wonder if almost 40% of Americans are coin collectors, the state quarters have added a bunch of interest.

Depending on how rich I happen to be feeling that year, I've been buying from 2-4 of the 10 or 11 coin silver sets per year since 1999. Unfortunately, I only got 2 of the 1999.

I wouldn't be too suprised if the state quarters haven't started a bunch of people on the path that ends up here.

Re: U.S. Mint estimates 139 million people in the United States are now collecting co
 

Closer to 50%.
IF YOU WANT ME TO BELIEVE HALF THE PEOPLE IN THE UNITED STATES COLLECT COINS YOU ARE OUT OF YOUR ****ING MIND!!!!!!!!


Our government can't even get the truth right about something as harmless as numismatics!!!!! Astounding. :puke:

Re: U.S. Mint estimates 139 million people in the United States are now collecting co
 

Maybe they are including the people who throw their pennies in a jar!!!!!!

Re: U.S. Mint estimates 139 million people in the United States are now collecting coins
 

And there you have it! Thanks Ross:rofl: :rofl: , that must be it.....:rofl: :rofl:

Re: U.S. Mint estimates 139 million people in the United States are now collecting coins
 

I really don't consider every person who is trying to put together the entire 50 state quarter collection to be a "coin collector". But I guess if you're going to get real technical, it fits the definition.

I don't know what they think they have to gain from inflating the numbers here, but it certainly does seem that they are indeed a little bit high. And by "little bit", I'm guessing about 100 million or so... :bandito:

Re: U.S. Mint estimates 139 million people in the United States are now collecting coins
 

Of course there's an increase in coin collecting; people tend to start hoarding metals when they begin feeling insecure about their government's notes and their nation's future.

Re: U.S. Mint estimates 139 million people in the United States are now collecting coins
 

It reminds me of first stamps, then sports cards. The US Postal Service now puts out ton's of "collector series" stamps and as such the value of them is never much more than the postal value.

Then the sports cards, they are printed in so many variations and in such volume now you don't have the kids trying to build complete sets as there are just too many different varieties.

If something new is marketed as a collectible, usually the only ones making money are the first sellers.

RossL has it right. These quarters and nickles are all most people can afford to save/collect.

Re: U.S. Mint estimates 139 million people in the United States are now collecting co
 

Look at the coin shows - many dealers selling Statehood Quarters to newby's who can afford this collectable. Now, what will they have in 20 years . . . . a Quarter, not adjusted for inflation/devaluation.

Re: U.S. Mint estimates 139 million people in the United States are now collecting coins
 

Kindly store them in the back of the black DHS van please...