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Encouraging Article in NYT

Posted: Wed Jan 26, 2022 4:03 pm
by HawkeEye
Here is a counterpoint to all we see about the hobby


https://www.nytimes.com/2022/01/21/busi ... ticleShare

Re: Encouraging Article in NYT

Posted: Wed Jan 26, 2022 4:35 pm
by DHalladay
It's a fragment of a demographic snapshot... but it's encouraging.
Thanks for sharing! :)

Re: Encouraging Article in NYT

Posted: Wed Jan 26, 2022 4:40 pm
by messydesk
Thanks for posting. Glad it wasn't behind a paywall.

There are definitely several disjoint worlds of collectors. Those crying doom and gloom tend to be unaware of this.

Re: Encouraging Article in NYT

Posted: Wed Jan 26, 2022 9:42 pm
by HawkeEye
I was just happy to see someone write something positive about the hobby. Maybe this newest generation will be different and get back to some of the basics of life.

Re: Encouraging Article in NYT

Posted: Wed Jan 26, 2022 11:01 pm
by Kurt28
I enjoyed the article, especially the depiction of the Morgan Dollar.
I do question the statement that coin collecting is not a good investment.
It requires some study and understanding, but it as lucrative as many other fields of investment.
Thanks for sharing.

Re: Encouraging Article in NYT

Posted: Fri Jan 28, 2022 11:53 pm
by vamnuke
:)

Re: Encouraging Article in NYT

Posted: Sat Jan 29, 2022 1:03 am
by Andy Hansen
Thanks for posting.

Re: Encouraging Article in NYT

Posted: Sat Jan 29, 2022 1:18 am
by messydesk
Kurt28 wrote:
Wed Jan 26, 2022 11:01 pm
I enjoyed the article, especially the depiction of the Morgan Dollar.
I do question the statement that coin collecting is not a good investment.
It requires some study and understanding, but it as lucrative as many other fields of investment.
Thanks for sharing.
Coins are not as liquid as traditional investments and the buy-sell spreads are much higher. It's also very easy for a new collector/investor to get scammed into paying too much for an inferior coin.

Re: Encouraging Article in NYT

Posted: Sat Jan 29, 2022 2:08 pm
by HawkeEye
The scamming angle is for sure a problem and I think often causes us to lose potential collectors early on. Like the TPGs or not, they can be a buffer for new collectors.