Options
What is the NBT (next big thing) for the numismatic industry?
mercurydimeguy
Posts: 4,625 ✭✭✭✭
-- There was the advent of TPG's
-- Then there was the internet as an enablinig technology
....so what do you think will be a catalyst for the next paradigm shift -- or the NBT?
0
Comments
Russ, NCNE
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>I thought you had an idea for the NBT, mercurydimeguy!
ssshhh
i'm gathering business intelligence
Russ, NCNE
What I can glean from the responses thus far, would this be an accurate categorization:
"Raising the level of awareness and consumer education about coin grading, coin pricing and overall market trends"
I'm sure more will come...but is the above accurate thus far?
--Severian the Lame
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
So it always degrades into a post about defecation!
China
Coin
Grading
Service
WS
<< <i>The WeissCo Spinner Slab, of course:
THAT would be freakin awesome
Worst case: a scandal and bankruptcy of NGC and/or PCGS which will destroy market confidence in TPG's
Suppose we had a flu pandemic like they've been talking about - that could cause all sorts of market havoc. Go read up on the Spanish flu in 1917-1918, it is just plain scary.
Jerry
- risk of buying an overgraded coin (TPG or otherwise)
- risk of undergrading from a TPG
- risk of overpaying today's market price
By reducing these risks, the prices on coins will more accurately reflect market demand for a given coin in a particular state of preservation with only eye appeal remaining as the driving factor for a price variance. When I can walk into any coin shop or show and look at a given coin in correct grade and find the same price no matter where I go, I will know that risk has been eliminated.
If this is possible, it would be the NBT.
Maybe the tooth fairy will leave me a shiny PL Morgan under my pillow tonight too.
Worry is the interest you pay on a debt you may not owe.
retrocollector, welcome to the forums. Nice first post
Always nice to be welcomed.
By posting it here, did you make the idea the property of PCGS?
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
<< <i>That spinner slab idea is pretty cool.
By posting it here, did you make the idea the property of PCGS?
Is that the new Anacs slab
<< <i>The next REALLY BIG thing is the crash after all the baby boomers move into nursing homes.
The crash of course being caused by so many collections being sold
to finance the nursing home care that the market can't handle
that many coins coming on the market. If we figure the baby
boom started in 1945 or 1946 the crash is probably still a number of
years away as most people don't go from retirement right into
a nursing home.
<< <i>
The crash of course being caused by so many collections being sold
to finance the nursing home care that the market can't handle
that many coins coming on the market. If we figure the baby
boom started in 1945 or 1946 the crash is probably still a number of
years away as most people don't go from retirement right into
a nursing home. >>
Historically there is a tendency for retirees to sell there collections at or
soon after retirement. Todays retirees are healthier physically and finan-
cially so this may be much less of a problem. The boomers are enterring
their '60's so this will be a growing phenomenon but the rate of growth
could be lower and the onset later than is normally assumed.
A major auction house will do it as a trial, and then it will take off like wildfire.
I actually believe there are plans in the making for this to occur within a year.
*
I can't wait to get my hands on a Warren G. Harding.
>>>My Collection
Would this increase or decrease our existing money's value? What if the government said to then turn over all coins to be melted down so the new ones would be the only ones? Would the Coke Company allow a possible change to all their vending machines?
<< <i>Possibly the elimination of separate countries coins altogether. One monetary system for the whole world will be the eventual solution to monatary exchanges. It is starting in Europe and may become a whole world thing soon. So how do we convince the whole world in the next few hundred years to use a coin with Lincoln's picture on it?
Would this increase or decrease our existing money's value? What if the government said to then turn over all coins to be melted down so the new ones would be the only ones? Would the Coke Company allow a possible change to all their vending machines? >>
...The New World Order...
(Rev 13:16-18) And he causeth all, the small and the great, and the rich and the poor, and the free and the bond, that there be given them a mark on their right hand, or upon their forehead; and that no man should be able to buy or to sell, save he that hath the mark, the name of the beast or the number of his name. Here is wisdom. He that hath understanding, let him count the number of the beast; for it is the number of a man: and his number is Six hundred and sixty and six.
<< <i>Revolutionary coin whizzing accepted by all the experts and it removes all those spots and toning and make coins better than the day they were minted!
WS >>
Kinda like how they "restore" a car for Pebble Beach?
Why not have the Chinese Mint produce our money?
Seems like a good way to reduce the federal budget.
Also, we could rent their soldiers and send them over to
Iraq and Afghanistan to fight and remove our troops.
Camelot
<< <i>a scandal and bankruptcy of NGC and/or PCGS which will destroy market confidence in TPG's >>
Which would lead to the greatest and most horrific change in the hobby . . . people would have to educate themselves to authenticate and grade . . . oh, the humanity! No longer could we pay others for their opinions only to complain how we were "screwed" because they didn't agree with our grading dream. Gone would be the endless submissions to "prove" your coin was really one point higher and thus better than when you bought it. Image the stress and insecurity of actually have to hold a real coin in your hand and not one already entombed in plastic! What would we do! Okay, enough of the sardonic humor.
Seriously, the 100-point grading system will likely be the newest attempt at a NBT . . .
Lane
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Of course they'll promise to get it 100% right this time around, be more consistent, same grade every time, no constant changes in holders and inserts, no outside influences, etc.
roadrunner
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
So without looking at what people said 9 years ago, what are your thoughts about the next big thing for our hobby that will be disruptive...
I believe a new grading service will emerge right under the noses of the existing grading services. This will happen when the predominant quantity of slabbed coins becomes modern (e.g. when more than 90%+ of all slabbed coins are moderns). A new grading service will emerge for only classic coins, in this it will differentiate from the current incumbents because by that time classic collectors will really be fed up with the vacillation in grading standards of current industry incumbents. This new company will disrupt traditional thinking with it's approach to quality and eye appeal. It will become the new gold standard for classic coin grading, bar none, and will not grade anything prior to 1933. It will also grade ancients and world coinage, but nothing after 1933 (it's motto). Clearly it will be a niche player, while modern coin grading and bullion authentication will become the mainstream fare for current industry leaders.
I know nothing and this is purely speculation, but my speculation is based on what has happened in other industries over time so it's not that far fetched to happen in coins...
As one saying goes, "niche will make you rich" with an obvious play on pronunciation
Early generation TPG slabs graded on condition.
or
Tommy Thompson will be found........somewhere
New York Post article
-KHayse
<< <i>About once per decade I ask myself this question, and it has been about 10 years. Sorry, to dig up a thread from 2005 (oops, I'm dating myself here), but it was really funny to review some of the responses.
So without looking at what people said 9 years ago, what are your thoughts about the next big thing for our hobby that will be disruptive...
>>
I think we're starting to see this demographic change I predicted 9 years ago and
it's just about right on schedule (mebbe slightly early).
The next big change will be grading each parameter of preservation and condition at
least with modern coins. It might never catch on with coins made before 1916 but it
will come under increasing demand for moderns and especially cu/ ni.
The demographic change will be transformative for the hobby over the next ten years.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
I'm a life member so I can't take advantage of this NBT.