Brilliant idea to save on shipping costs... (not serious)

moursund

The problem with collecting coins or any other physical items is you have to transport, store, and protect them.

What we should do is, PCGS should take all coin submissions, grade and slab them as usual, take pictures and suchlike, and then put them all in the Super Secure PCGS Coin Vault. PCGS will store, protect, and insure all of the coins.

The ownership of the coin will be recorded by crypto-block-chain-cyber-something. You can have your coin collection in your crypto wallet. You can look at your coin images online. You want to hold them? No point, and you would just get fingerprints on the plastic anyway...

No more shipping costs for ebay auctions, no more need for home security. No need to register your coins in PCGS registry sets; that will be automatic!

am

coinkat

And this is how a 1695 William III Crown magically turns into a 1965 Churchill Crown...

jmlanzaf

This is not a new idea. Such things have existed for bullion holding in the past.

What makes you think one time shipping costs are higher than annual storage costs?

If people just wanted pictures of coins, they would collect auction catalogs not coins.

Then again, you admit there is nothing serious about this proposal. Just another "hey, look at me" thread.

moursund

@jmlanzaf said:
This is not a new idea. Such things have existed for bullion holding in the past.

What makes good think one time shipping costs are higher than annual storage costs?

If people just wanted pictures of coins, they would collect auction catalogs not coins.

Then again, you admit there is nothing serious about this proposal. Just another "hey, look at me" thread.

Nasty personal remark. Bad form, old bean. 🧐

jmlanzaf

@moursund said:

@jmlanzaf said:
This is not a new idea. Such things have existed for bullion holding in the past.

What makes good think one time shipping costs are higher than annual storage costs?

If people just wanted pictures of coins, they would collect auction catalogs not coins.

Then again, you admit there is nothing serious about this proposal. Just another "hey, look at me" thread.

Nasty personal remark. Bad form, old bean. 🧐

Nothing "nasty" about it. Just an observation.

What other purpose does this thread serve given your own admission that it is not a serious suggestion?

moursund

Of course, for this thought-experiment scheme to exist, we need not envision a way for the physical coin to ever be returned. If all of the salient data about the coin can be recorded digitally, the original coin need not even be actually slabbed; it could be vaporized... Then PCGS doesn't need to store the coins. The details of verifying the "vaulting" (disintegration) of the coins, and the problems of coin collectors accepting that the actual coins will be gone forever, are left for another day. For those who merely collect the slab, this might not be a stretch...

moursund

@jmlanzaf said:

@moursund said:

@jmlanzaf said:
This is not a new idea. Such things have existed for bullion holding in the past.

What makes good think one time shipping costs are higher than annual storage costs?

If people just wanted pictures of coins, they would collect auction catalogs not coins.

Then again, you admit there is nothing serious about this proposal. Just another "hey, look at me" thread.

Nasty personal remark. Bad form, old bean. 🧐

Nothing "nasty" about it. Just an observation.

What other purpose does this thread serve given your own admission that it is not a serious suggestion?

Provoking thought and discussion about what it means to collect, and what is important about collecting. The coin, the ownership, the status, the perceived value...

jmlanzaf

@moursund said:

@jmlanzaf said:

@moursund said:

@jmlanzaf said:
This is not a new idea. Such things have existed for bullion holding in the past.

What makes good think one time shipping costs are higher than annual storage costs?

If people just wanted pictures of coins, they would collect auction catalogs not coins.

Then again, you admit there is nothing serious about this proposal. Just another "hey, look at me" thread.

Nasty personal remark. Bad form, old bean. 🧐

Nothing "nasty" about it. Just an observation.

What other purpose does this thread serve given your own admission that it is not a serious suggestion?

Provoking thought and discussion about what it means to collect, and what is important about collecting. The coin, the ownership, the status, the perceived value...

Then why not just ask the question(s)? Your "proposal" which you yourself declare "not serious" barely teases at any of those things.

Just for you...

Bump

moursund

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:

@jmlanzaf said:
This is not a new idea. Such things have existed for bullion holding in the past.

What makes good think one time shipping costs are higher than annual storage costs?

If people just wanted pictures of coins, they would collect auction catalogs not coins.

Then again, you admit there is nothing serious about this proposal. Just another "hey, look at me" thread.

Nasty personal remark. Bad form, old bean. 🧐

Nothing "nasty" about it. Just an observation.

What other purpose does this thread serve given your own admission that it is not a serious suggestion?

Provoking thought and discussion about what it means to collect, and what is important about collecting. The coin, the ownership, the status, the perceived value...

Then why not just ask the question(s)? Your "proposal" which you yourself declare "not serious" barely teases at any of those things.

Just for you...

Bump

If the thread gets traction and discussion, "those things" may unfold.
If not, not.
At least it is coin related, neh?
You may not like the style of my posts, but do let's be civil.

am