When did YOU start collecting coins? Many of you will probably say around 1999 when the U.S. Mint started the state quarters program. Here were some interesting and beautiful coins which reminded many people of places that they had lived and gave them pride in where they lived or where they had lived in the past.
It was very similar to the boom in baseball card collecting that began in the mid-1980s and specifically 1987 for me and many others. The 1987 Topps was striking because they had wood looking frames around the edges. This was a set to covet! Looking back on the cards in your binder you…
will be surprised and perhaps saddened to see that the most sought-after cards from that year now feature some of the game’s most disgraced players: Barry Bonds, Mark McGwire, Jose Canseco, and Rafael Palmeiro. (Source: The Rise and Fall Of a Hobby, In 12 Baseball Cards)
The 1989 Upper Deck followed in the boom and they were only available for a premium price. The Ken Griffey, Jr. card was highly sought out.
Sometimes coin collecting is like that – one day you will be rewarded generously with increasing value and then other days you will be frustrated with the realization that you dearly overpaid.
Collecting coins has long been a tempting way to turn a profit. The hope of making fast money has long been a lure for drawing collectors into the fold. Some have found success, buy many have lost.