From the May 31 Numismatic News E-Letter
Do you think a numismatic sales slump will hit this summer? Why or why not?
Here are some answers sent in from our E-Newsletter readers.
While the rarest coins in the highest MS/PR grades should not be affected, as there is a lot of money sloshing around among the nouveau riche [think: Silicon Valley IPO billionaires], the long-term prospects for the rest of the market are negative, simply because of the supply/demand curve. Have you walked around a coin show lately? If so, what percentage of those in attendance were Millennials? Or even below age 50? Simply put, the hobby that the Baby Boom generation embraced is not being picked up by our younger generations in the numbers required to balance the supply and demand