Research into building family wealth - now consider what that might relate to coin collecting 0

[Zebo]

From the research in the image below, do any of the countries on the list surprise you for the potential of building family wealth? How do you see that relating to coin collecting? Several of them have a  fairly large collector base. You would expect those with a higher level of disposable income would collect, but are there any surprises in the list? Any country that you would think should be on the list that isn’t? Do you believe that there is a close correlation? 

Edited February 18 by Zebo

[Fenntucky Mike]

On 2/18/2024 at 7:20 AM, Zebo said:

From the research in the image below, do any of the countries on the list surprise you for the potential of building family wealth? How do you see that relating to coin collecting? Several of them have a  fairly large collector base. You would expect those with a higher level of disposable income would collect, but are there any surprises in the list? Any country that you would think should be on the list that isn’t? Do you believe that there is a close correlation? 

I guess I'm a little surprised not to see Germany on the list and that earnings are supposedly tops in Switzerland. When compared to the NGC top 10 most coins graded list there are only four crossovers.

NGC's Most Graded List by country, top ten.

1. U.S.
2. China
3. Canada
4. Australia
5. South Africa
6. Great Britain
7. Mexico
8. Russia
9. Poland
10. Germany

[Zebo]

On 2/18/2024 at 10:00 AM, Fenntucky Mike said:

I guess I'm a little surprised not to see Germany on the list and that earnings are supposedly tops in Switzerland. When compared to the NGC top 10 most coins graded list there are only four crossovers.

NGC's Most Graded List by country, top ten.

1. U.S.
2. China
3. Canada
4. Australia
5. South Africa
6. Great Britain
7. Mexico
8. Russia
9. Poland
10. Germany

I was a bit surprised by Germany not being on the list as well and was a little surprised that Spain made the list. As far as the top ten graded populations, no surprises there.

[Henri Charriere]

In all fairness, the United States may be first and second, but not all states have identical costs of living.  New Hampshire has no sales tax, no state income tax and a whole slew of other plusses. Alaska and Hawaii may be expensive to live in, but there are a host of other considerations to consider. Delaware and South Dakota are favorable to banks and corporations. Florida is a popular relocation destination. Law enforcement personnel (FBI, DEA, NYPD, etc.) in New York City choose to live outside the five boroughs in neighboring counties. With an infusion of migrants and exodus of well-heeled taxpayers -- not to mention members' comments about the inordinately high state sales tax and undesirability of holding coin shows there, one cannot broadly cite New York on any list until we run it by the mbership's more vocal detractors most of whom would never entertain the thought of living here. I can understand why France is not on any list. I would have thought Dubai would have been a contender.  Definitely an eye-opening compilation!

Edited February 18 by Henri Charriere
Some die polishing.

[GoldFinger1969]

Switzerland's corporate base is largely financial and pharmaceutical, which are usually 2 industries used as cannon fodder by political and economic demagogues.  My father worked for a few of the firms, they are falling behind American and European rivals.

Spain I would have qualms about.  EU and Euro tied down.....Socialist/Communist/Green dominance in domestic policies.

Some of those countries have tight immigration policies (legal and illegal ).

[GoldFinger1969]

On 2/18/2024 at 11:13 AM, Henri Charriere said:

I would have thought Dubai would have been a contender.  Definitely an eye-opening compilation!

Dubai doesn't have checks-and-balances for private property rights, independent judiciary, transparency, etc.

1 person says no outgoing wires from a Dubai bank, and your $$$ are stuck.  Look at what happened with Mark Mobius -- the Indiana Jones of overseas investing -- when he tried to get a few million dollars of his own money out of Mainland China and/or Hong Kong.  It took WEEKS if not longer, whereas it would have been 1-2 days here.

https://www.cnn.com/2023/03/06/business/mark-mobius-china-capital-controls/index.html

[cladking]

If you're looking for unappreciated moderns I think India still belongs on the list. Sure, a lot of their moderns have gone through the roof but the market does not at all reflect the scarcity of Gem coinage. Many of their coins were poorly made and lightly saved so gems can be exceedingly elusive.  Even the "common" Gems are scarce compared to potential demand.  

The Russian market is about the opposite. For many dates it's almost impossible to find anything except a "Gem" or impaired gem.  The Gems all came from mint sets but circulation issues due to almost no saving and extensive melting can be rare in any condition at all.  Mist set mintages were tiny though may be higher than reported in some instances.  

This list of countries matches my list of favorite countries fairly closely.  However the market is overlooking the soon to be booming economies in Africa.  Middle classes are exploding everywhere and nowhere will the percentage increases be higher than Africa.  

Swiss coinage is finally getting a little attention but mostly, naturally, people are still obsessed by the silver and ignoring the base metal.   Modern Swiss is common enough in ch XF and AU but BU's mostly come from mint sets just like the Russian moderns.  

Hong Kong as well has been enjoying increasing demand.  

Most high denomination base metal coins made since WW II are far scarcer than people realize.  It's not out there because it was perceived to be so common and there were usually quality issues.  People just didn't want to save low quality common coins so they were never saved in the first place.  Mostly what is seen is lower denominations and some specific coins that did get saved in significant numbers.  Disregarding the extremely common issues, probably two modern base metal coins out of three seen today came from mint sets.  But look at the mint set mintages!  They were very low and most coins before about 1965 didn't exist in mint sets.    

Edited February 18 by cladking

[Henri Charriere]

On 2/18/2024 at 3:37 PM, GoldFinger1969 said:

....1 person says no outgoing wires from a Dubai bank, and your $$$ are stuck...

It's a shame the influence of Forum's anti-YouTube lobby far exceeds  that of its anti-counterfeiters.

Who in coin collecting is unaware of Dubai's gold vending machines at ATMs and airport? It was all over the news. Everything from 2.5 gm 24-karat gold bars up to and including 1-ounce bars. Why would they be installed at an airport if not for the use of international travelers?

I don't know what RWB's and VKurtB's stand is on this, but its best to get their permission, in writing, before you take the plunge into the notoriously persuasive, and sinister world of their videos.  🤣