Coin Collections will become more valueble when Bitcoin replace Fiat currencies

[stark101]

I dont think so! Bitcoin will not even replace fiat currencies, rather bitcoin is another form of fiat currency. In my point of view, a competition of between fiat currencies and bitcoin is very hard to understand. Yes, bitcoin is going to become the primary global currency, but it will force the rest  of the world to catch up to what bitcoin can do for every person who uses it, but bitcoin cannot replace fiat currencies.

[Kprawn]

I beg to differ. I think the opposite is true: Apart from few exceptions, where collections have true historical value, ordinary coin collections will become less valuable. The reason is a drying up of demand for physical coins:

Once everybody only uses electronic forms of money, nobody will be accustomed to use physical coins and regard them as valuable. In addition there will be no new coin issues, marking the end of an entire collecting field. The probability of new collectors entering the numismatic scene will be greatly reduced as a result. Once the old collectors have died, there will be no new demand for coins.

Apart from that, true collectors don't collect because of a potential increase in value of their collection.

ya.ya.yo!

Ok, Well if this was true... then explain stamp collectors. We hardly use any stamps anymore, since most people use email and social media.

There are still millions of people around the world collecting stamps. So, I beg to differ on your... "beg to differ"  ... I think even more

people will get into coin collection, if Bitcoin or Crypto currencies replace Fiat. 

[Harlot]

Bitcoin, Litecoin, Dogecoin. It doesn't mean that the word "coin" in those cryptocurrencies can affect the value of all the minted coins out there. I don't think a certain currency can affect the outcome of another currency. But they do affect the value of currency in which shows who has more value. And also I do believe that Fiat won't be replace by any kind of cryptocurrency out there, for Bitcoin to be the official currency of a country it must have it's own working government, which it does not have.

[yayayo]

I beg to differ. I think the opposite is true: Apart from few exceptions, where collections have true historical value, ordinary coin collections will become less valuable. The reason is a drying up of demand for physical coins:

Once everybody only uses electronic forms of money, nobody will be accustomed to use physical coins and regard them as valuable. In addition there will be no new coin issues, marking the end of an entire collecting field. The probability of new collectors entering the numismatic scene will be greatly reduced as a result. Once the old collectors have died, there will be no new demand for coins.

Apart from that, true collectors don't collect because of a potential increase in value of their collection.

ya.ya.yo!

Ok, Well if this was true... then explain stamp collectors. We hardly use any stamps anymore, since most people use email and social media.

There are still millions of people around the world collecting stamps. So, I beg to differ on your... "beg to differ"  ... I think even more

people will get into coin collection, if Bitcoin or Crypto currencies replace Fiat. 

Of course there are still collectors of stamps. I did not say that the number of collectors will suddenly drop to zero. But there will be significantly fewer collectors and hence overall lower prices (inflation adjusted).

In fact, the collector values of most common stamps are trending downwards since more than a decade. The only exception being very rare stamps in the highest price segments which have attained investor demand as a portfolio diversification. The same will happen with coins: Only the rarest and historically important coins will preserve/increase their value. Ordinary precious metal coins will keep at least their material value of course. Ordinary non-precious coins or coins mass-produced only for collecting purposes will see a sharp decline in value.

ya.ya.yo!