Greetings NCC Members and Guests-
Hope everyone is having a great summer. It will be over before you know it.
I was thinking about the state of collecting. What type of market is it? Many coins, including key dates continue to be less expensive than before the financial crisis which was well over five years ago now. It also made me think of coin collecting through the history of the United States. Serious collecting was very limited up until the mid 1800's. In 1851 the first significant coin auction was held and in 1866 the "American Journal of Numismatics", the first regular coin publication started.
Even though there were not many collectors, everyone was open to making a dollar. The release of the Flying Eagle Cent saw people lined up to get the new cents, just to turn them over for a profit in some cases. This event also started one of the first collecting "fads" as people attempted to start collecting Large Cents by date. Interestingly no one could find an 1815.
Coin collecting was done solely by date with no concern for mintmarks. The first article discussing the idea of collecting by mintmark also was not until the very late 1800's. The release of the limited 1909-SVDB solidified the concept of collecting by mintmarks. By the 1930's and the release of the Coin Boards there was no looking back. Since then we have continued to have events that triggered new generations of collectors. Some of these include the discontinuance of silver in coins in the 1960's, the return of Commemoratives and gold in coins in the 1980's, and the State Quarters of the late 1990's. One thing has not changed for me. The enjoyment of the hobby stays consistent regardless of what others around me are thinking or doing.
Keep hunting, and most of all....have fun!!