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Fenntucky Mike

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Posts posted by Fenntucky Mike

  3. Is anyone else hesitant to send in their notes to get professionally graded?

    in US and World Notes

    Posted

    Nah, as long as you're going with one of the big two (PMG/PCGS) you'll be fine. Use registered mail and you're golden.

    All kidding aside probably the biggest risk would be during shipping and that would be miniscule at best. 

    There is probably a better chance of me keeling over while I type this than of something happening to your nottttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt. JK. 

    Beat the odds again.:bigsmile: 

  12. Average age of note collectors?

    in US and World Notes

    Posted

    55 minutes ago, Banknote King said:

    Be assured banknote collecting will grow, I started at 42, and I am now 50 years of age, I spend all my spare time looking and researching online. In the decades to come, paper money “banknotes” will be obsolete and discontinued by banks and governments, future generations will look at banknotes as antiques, a memory of history, art and commerce. The time is now to collect as high quality and rarity as you can afford. The notes that will be most in demand will be the most artistic and historical “colonial notes”. Covid-19 has really launched this hobby towards the online platforms, Third party grading has made it easier to showcase banknotes online, I predict within 10-15 years paper money will be no longer, prices will go up dramatically.

    In general I'm with you but I don't tend to agree with your timeline. Central banks around the world have been experimenting with digital currency for years. My current collecting interest, Ukraine, launched a pilot project in 2016 to consider the possibility of issuing it's own digital currency, the e-hryvnia, but have yet to move on it. I guess we'll see how Venezuela does when/if they go cashless. I highly doubt the U.S. will be cashless in my lifetime and hopefully I've got another 40+ years in me.

    It is a great time to collect, as populations grow so does the collector base. As society slowly transitions to cashless, notes will become more sought after by collectors and the average age of serious collectors will still be around 45-50. I think.

  13. Average age of note collectors?

    in US and World Notes

    Posted

    I'm much like you, same age bracket, very few attended shows if any, etc.. Collector age often comes up (when I say collector I'm talking about a person with the means, interest, time and passion to collect an item/s) and my opinion is that the average age of the collector will always remain middle age and up as that is typically the time of a persons life where all those things align. I'm not overly concerned with future demand, one, because I do think the future collectors and collector base is out there (there will be a slow gradual turn over of geezers to 40 somethings, most people probably won't even notice), two I don't collect because I necessarily think it is a good investment (although I hope so) I collect because I enjoy it. I'm not planning my retirement party anytime soon.:)

    Good topics by the way, glad to see someone else posting here.(thumbsu