Roman reforms | Silver Coins

Roman reforms

Which way now?

THIS Comment is becoming written a couple of weeks prior to Coinex, and the associated sales from the London Homes, but I am confident that as the new “season” starts so we will uncover that once again records are broken and that the market place is robust. We have been very fortunate in the coin planet in these past handful of years—whilst the world’s financial markets headed into free of charge-fall and the phrase “double dip” came in to widespread usage we have been carrying on as typical, in truth our hobby has really started growing. Definitely there has been an element of investment income that has helped increase the numismatic coffers and these of us fortunate sufficient to have tracker mortgages have located that our spare cash, useless in the bank, has to go somewhere, so why not coins? Coins, since they are noticed as “safe” locations to put ones money (and I supply no investment tips at all here but would simply point to rates of good quality things over the previous twenty or so years—we haven’t observed numerous heading downwards) are regarded not as luxuries, to be put on hold when funds is a little tight (or rather perceived to be tight thanks to our doom-laden media) but rather as sensible options to other forms of savings.

Now, the true numismatists amongst us could shun that viewpoint, but let us be honest right here: none of us actually want to see our collections lower in value do we? The point of this comment although is not to harp on about the strength of the hobby, I’ve completed that a lot of instances just before, but rather to ask—what’s subsequent? As this new numismatic season starts so we also find ourselves waving goodbye to the Olympics and Paralympics (I for a single will be quite sorry to say goodbye to this summer—didn’t we do effectively?) and therefore saying farewell to the coin programme from the Royal Mint that we hoped would breathe new life into a hobby that, let’s face it, isn’t exactly considered young and trendy! Regardless of whether the 50p programme or the “Countdown” programme have truly inspired any new collectors won’t be recognized but. Certainly the 50 pence pieces themselves have been widely collected (all are in circulation now as far as I am conscious, but you try finding one in your alter) and sales of the albums to home them have been really higher, but will these eager to get a complete set of 29 go on to gather other coins? Will they make the move from Royal Mint circulating coins to Athenian owls? Only time will inform, but I worry that when the higher from London 2012 passes, most of these still eagerly sorting via their change will basically put away their half-complete albums and forget about them, bringing them out only when they need to have a bit of spare alter for the auto park. When they realise that even a full set of London 2012 50 pences isn’t worth much more than £14.50 (possibly £16 with the album) numerous “new” collectors will just break them up and that will be that, and that is no excellent for our hobby at all!

So what is next? What can we do, as coin collectors, to maintain the ball rolling? The hobby is sturdy, yes, but if that is investment led then it is a false strength, as soon as far better investments come along the cash will move out, so what we need to have to do is find a way to take the strength we do have now (for what ever reason), use the interest generated by the 2012 programmes and create on it. But, to be honest, I am a tiny stumped as to how we achieve that. Do we concentrate on coins as good investments, hoping to bring in these with a bit of spare cash? Or do we concentrate on coins as items of interest? I consider I would prefer the latter, but I also know complete effectively that such an approach won’t cut a lot ice with young men and women whose lives are governed by the internet and for whom the globe is complete of interesting things—things we couldn’t have even regarded when we were their age.

Our hobby is at anything of a crossroads appropriate now. We are in a position of strength, extremely much so, and when you have records being broken on an nearly weekly basis and new items getting found all the time (take a appear at this month’s “Banknote News” for some great new DuraNote releases that have just come to light as nicely as a hitherto unknown Australian note!), it is tough to see that strength diminishing. I hope it won’t, of course. I hope we will continue to carry on as we are, but as the Olympic Programme fades, as investment income turns back to banks and markets, we might uncover factors begin to modify. It is up to us, all of us, collectors, dealers, publications, societies, every person, to make positive that alter is only for the better. How we do it I don’t know. Over the subsequent couple of months I’ll try to give you my ideas—I will welcome yours.
Token Publishing

Print Friendly, PDF & Email

Leave a Reply

Your email address will not be published. Required fields are marked *