If available, would you collect PCGS NFTs?
MrEureka
Posts: 24,333 ✭✭✭✭✭
Yes or no? Thoughts on how it might be done? Good for the hobby?
Seems inevitable that they’ll try it, sooner or later.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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Only if the NFT was associated a photo of box with a custom color
More seriously, it would be interesting if TrueView copyright ownership was available to a coin via a NFT, but I don't think it's good business for PCGS to reassign TrueView copyright ownership. it's much better for them to keep it.
I would be happy to put up some of my super unique coinage as NFT's thru PCGS
Not for me. I want real coins.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
NFT?
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It would be blockchained to a real physical coin that you would take possession of.
I have no idea what NFT is...
peacockcoins
Non fungible token. Basically ownership of something entirely digital. Like owning a tweet.
Myself, never. I don’t see any value in it personally. And I have no desire to own digital art or expression in the manner that would require a NFT.
That’s a big fat ‘no’ from me.
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
NFT"s can be blockchained to physical property.
Given how often people lose their e-wallet keys and trust them to apps that ultimately steal them it’s still risky. It’s just not my cup of tea. If I’m going to collect something, I’d want it to be tangible.
Ahhh... like Topps with their digital baseball cards.
Niet, Nine, Nada
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I don't fully understand the concept but, if I don't physically own the coin; that would be a HUGE 'NO'!
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
How would that work? I assumed the digital and physical coins would be completely separate and could be owned by two different people.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
But what's the advantage for something of which I could simply take physical possession?
Didn’t JA once predict that a picture of a Lafayette Dollar would sell for 10K? Could that actually happen?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Guys ....
Physical Coin ... RF Secure PCGS SLAB .... NFT TrueView
NFT seller owns the coin and transfers all three of the above to the new owner.
Blockchain will keep the pedigree forever once it is a NFT.
Pedigree, ownership, cool item in someone's NFT Portfolio / Gallery.
Tied together forever, Can not own without the other or lose the NFT status.
Imagine PCGS sold ownership of TrueViews so someone could have the TrueView in a Registry Set without having the coin, while the coin owner would have to use a non-TrueView image in the Registry Set?
Only if they make one of MrEureka dunking a basketball.
NO! I laugh at your proposition. But then again, I'm not a Millennial.
I'd like to offer you an NFT for your home. While you have physical possession of it, that will not give you one- tenth the pleasure or value of actually owning the NFT.
I got your non-fungible right here! Peace Roy
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But Boy George was on TV this morning saying how good it is to have an NFT on his new album dedicated to the president of Ghana. I'm not sure how well it works but I'd be willing to send him a picture of a $20 that I'm getting ready to buy gas for the car with.
Based on NFT's that are currently selling for pretty enormous prices...it would make more sense for people to 'mint' unique coins in 3D. I was just looking at an NFT that is about to sell for quite bit...this one is approaching $20k with just a few hours of bidding to go...
https://makersplace.com/jonnoorlander/faces-rage-1-of-1-59972/
A few things...the stuff that's actually selling for these kinds of prices is by somewhat or very well known established artists.
The people buying obviously have money to burn and are likely looking for some bragging rights.
Some of this 'art' will certainly go down in value, some will in fact be very good investments as crypto currency continues to be more widely accepted. Also, it costs money to turn any type of artwork (music, video, 3D, photos, etc...) onto a supported blockchain. There are many blockchains which currently can 'host' these encrypted digital assets.
Basically the digital asset is encoded with pretty amazing encryption on a blockchain...the asset can be set up to be sold and only viewed by the owner, or viewed publicly. The asset can also be set up to pay a royalty to the original seller each time it gets sold to a new owner.
So you could for example print out a photo that is owned by someone as an NFT, but you can not own the encrypted 'original' digital asset unless you buy it.
Maybe the best use of this so far is actually by William Shatner who has, well, very Shatner trading cards set up to give him a lifetime royalty each time they are sold and trade hands on the blockchain. So even if his trading cards are only sold for a few bucks to begin with he gets a piece of the action every single time.
https://shatner.wax.io/
The real issue is...in the future, do people want to own NFTs? Perhaps to have in virtual reality realms? Perhaps to display on digital screens in ridiculous mansions or museums??? We really don't know. Right now the only value to crypto currencies as apposed to NFTs is if you can ultimately cash in your crypto and/or spend it in the real world.
Coins are Neato!
"If it's a penny for your thoughts and you put in your two cents worth, then someone...somewhere...is making a penny." - Steven Wright
Resubmissions could cause some problems. Tricky game.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
A big fat NO for me
Dont dismiss it out of hand. Anything that might help numismatics in general should be considered. Certainly appeals to younger individuals and it's not a stretch for someone to want the "real" thing after looking into the digital version.
No.
In honor of the memory of Cpl. Michael E. Thompson
Hell No!
I wonder if it would be possible to be joint owners of valuable coins where the joint owners would be able to take turns having the coin in Registry sets and/or one person has the coin in PCGS registry and the other person has it at NGC. But neither has the coin in their possession, rather it is held at a third party company that stores the rare coins in a vault. This might be a way for people to get in the top 10 Registry sets in an affordable way but all they really have is the digital pictures.
Broaden the concept and you can see how, like a timeshare, a regular collector can be the owner of a multimillion dollar coin for a few weeks a year.
I think that this would be more interesting to some than just owning a digital photograph. I wouldn’t be interested, but it might be appealing to people who invest in gold without taking physical possession of the gold
Mr_Spud
No... not to rain on anyone's parade
Experience the World through Numismatics...it's more than you can imagine.
You don't even get full ownership:
NFT's linked to PCGS TrueViews and and accompanying Certs, to eliminate counterfeits would be a promising application of the technology.
No.
Nope. The gas fees would be a bitcoin.
(get it? i replaced a curse word with a bad pun!!)
I have stubbornly stuck to US coins while cooler collecting trends have come and gone and some (like sports cards) seem to come back.
So probably no, but I do not begrudge others collecting what they like. There is no explaining the collecting gene. It just is.
"Look up, old boy, and see what you get." -William Bonney.
No, but to each his/her own.
An authorized PCGS dealer, and a contributor to the Red Book.
NFT's are crashing.
Not surprising after one sold for $70M.
OK, I'm an old F*rt and out of touch with what you can do through PCGS, so technically When I buy or have a coin encapsulated by PCGS I can go online, feed in the numbers, download or copy a Trueview image of the coin and not only have the set physically in hand, but can also have a virtual collection? AND apparently I can sell that virtual collection for hypothetical dollars payable through Bitcoin or one of the pseudo currencies?
Who dreams this crap up?
No thanks!
No!! However, I do see it as an opportunity for some individuals with unique items, to make a lot of money. That is the motivation, and, will also result in others losing money. Cheers, RickO
An emphatic NO!
I don't understand it and don't want to.
No I have no interest in that.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I’ll just keep right clicking and copying pictures I like into my personal album for free...
But, but why?
Oh, because of Infinite supply?
Liberty: Parent of Science & Industry
As an elder millennial, my answer is “I don’t think so.”
Right now it’s a no, but in a few years if there’s a platform I like and I understand it better, or if I think it might help my kids enjoy the hobby...I’m not ruling it out.
"IF" NFT Galleries / Portfolios really take off and there is a huge collector base, I could see Trophy Coins getting into the game.
No. I only collect something I can actually collect. If you can't hold it in your hands you didn't actually collect it.