Collectable Coins UK – Who Are The Collectors?
As the world population gets older, the number of enthusiasts for collectable coins UK is at a crossroads. Either it accepts the decline as current collectors reach retirement or it evolves to entice younger collectors to the scene. Here, we will discuss the demographic of the coin collecting world and how it may change in future.
The average age of collectable coins hobbyists today is 50. They are part of the baby-boom generation born between 1946 and 1964 and are increasingly moving into retirement. As these collectors age, the market will invariably feel the impact. The most important change is that older collectors reaching retirement age tend to purchase less frequently, impacting on the circulation of coins on the rare coins UK market. With a decrease in income, they can no longer afford the same level of financial outlay. On the flip-side, this would be an ideal time for young, new collectors to start their hobby: not only are entire sets of coins sold off, but also the decrease in demand effects a lowering of prices. Another, younger group of collectors emerge as older relatives pass away and leave their collections as part of their inheritance. New collectors are often keen to carry on collections as a way of honouring their relatives’ memories. There are a host of other factors that have led to an increase in supply and demand, bringing about something of a coin collection revival. These include the higher value of gold and silver, making collections more valuable; and the modernisation of coin blogging and twitter trending, which has spread and increased the popularity of this hobby more widely.
Whether you are a baby-boomer collectable coins UK enthusiast or you have been inspired by modern tweets, you can find the most bespoke service when buying rare coins at Exclusive Coins. To find out more about our company ethos and personal drive, head to http://www.exclusivecoins.co.uk/.