Reasons For Coin Collecting Decline

One of the main reasons for coin collecting decline is the age of the average collector. The current average age of collectors is about sixty years old. Although the number of people participating in coin collecting is increasing, the number of younger collectors is falling. While some efforts are underway to attract younger people to the hobby, no strategy seems likely to reverse the trend. As the Baby Boomer generation ages, coin prices will continue to decline. In the meantime, younger people will have a harder time affording the rarest of coins.

In the recent past, the state quarter program rekindled interest in coin collecting. The U.S. Mint announced that 140 million Americans were now collecting state quarters. The state quarters restored the excitement of the hunt. The Presidential Dollar Program aimed to sustain the trend and create more opportunities for young people to engage in the hobby. The current coin market is highly competitive, and if you’re not careful, you’ll miss out on some of the best deals.

However, the decline in the number of young collectors is a problem as well. As the hobby has become less popular, the amount of coins produced is dwindling. The influx of newly found coins on eBay comes from estates and recently retired collectors. As a result, the demand for older coin collections is decreasing and coin collecting will suffer. This phenomenon is known as the inverse coin bubble. If the prices go down, the volume will also drop, which may affect the value of coins.