Some Thoughts on Numismatics and Changing Times(con't)

In all of this, numismatics will go on merrily. Collecting coins is one of the pleasures of life, and in the changing panorama to come, I cannot see people giving up driving their cars, buying iPods and other computer gadgets, and, in essence, enjoying themselves. Collecting coins has always been a refuge for the weary, a place to regenerate a tired mind. I could easily create a monograph of a couple hundred pages of essays from observers in the past who have stated the benefits of collecting, not the investment benefits, but the emotional benefits. And while it takes money to buy expensive rare coins, most coins are very affordable.
I am now in the midst of writing a 288-page book on Washington quarters for Whitman Publishing Company. I expect that there will be at least a couple of pages, with lots to read, on each of the state quarters from 1999 to date. I really enjoy my full and constantly growing collection, all MS-65 and Proof-65 (although they are ungraded and in albums) or finer. The total cost is just a few hundred dollars, plus $125, or whatever it was, for the fascinating 2004-D Wisconsin quarters- one with Extra Leaf High and the other with Extra Leaf Low. While I would dearly like to own an 1879 gem Proof Flowing Hair Stella at $200,000, 1 seriously doubt if I would enjoy it as much as my set of quarters!
In a world of changing economics and monetary situations, I predict that coins will continue to be an excellent store of value. Basic concepts should be kept in mind: quality, rarity, popularity, and eye appeal. While the rare coin market has always moved in cycles, and will continue to do so, a basic awareness of these cycles will help you avoid them. Always seek value in anything you buy, and you will do well.
We are indeed lucky to be in numismatics. I love it, and I know that you do, too. The world will change around us, but what we collect will remain as interesting as ever. A carefully assembled set of rare coins should remain a fine store of value, a treasure for the future. In the meantime you will have your own private museum of numismatic history and art to enjoy.