Wither Krause Publications....
I have been looking to update my older PDF files of the Krause catalogs (taken from the CD-ROMs that they sell), so I looked for Krause at the ANA Convention this week. Unbelievably, no one from Krause even bothered to show up! They did ship a few boxes of publications, and someone finally opened them to put on the table, but no representative and no catalogs for sale. A few years ago, that would have been unthinkable. I remember at the Milwaukee ANA Convention they even had a train trip to their HQ or some other such shindig.
The reason I visited them at the show is that every time I go to their website to buy the set of 5 catalogs on CD, they are out of stock (and today, they aren't even listed). Imagine that, people want to buy your products and you have none to sell! How mismanaged is that?
I got to talking with some folks "in the know" at the ANA Convention, and was told that people are leaving the company and only one person is left to oversee all their printed coin/banknote magazines. Yes, the magazine business has been going downhill for years, but their books have been a cash cow forever and I can't imagine them letting them wither on the vine too.
It's a very sad state of affairs for Krause and a mighty fall since they were bought out by a big corporation.
So I think about this: try to imagine a world without a general world coin catalog. Yes, there are specialty catalogs for almost every country, but what comes close to Krause for general world coins? And who has the money and time to find and buy all the specialty catalogs?
I've got this feeling they are close to the end. Death rattle?