Videos - Can they revolutionize the marketplace?
In the past 20 years, significant advancements have been made to modernize the numismatic marketplace. The internet based coin market has been absolutely thriving, while it seems that the venues for in person transactions have been waning over the years. Rarely do I get to see a coin in hand before I buy it, and I depend on quality photography and expert opinions in order to make a decision on a coin.
I often hear of dissatisfaction among collectors here about "Glamour Shots", or TVs. I can understand how some would prefer a picture that accurately represents the coins in hand appearance, versus a picture that hides flaws and accentuates the coins strengths. Personally, I don't mind true views, as glamorous as they may be, because the resolution is high enough that I can still interpret the photo for contact marks and luster enough to make an informed decision.
My dissatisfaction stems from dealers and organizations who refuse to invest the time or money into photography, especially with non-TV coins. Whether the picture is overexposed, blurry, poorly lit, low res, etc, Im unable to make any determination about the coin, other than the fact that its authentic and housed in a PCGS/NGC slab with a grade. I often use collectors corner to search active listings, and I generally will skip over any listing with poor photography, because my assumption is that the dealer is unwilling to improve, or purposely trying to hide flaws. Without hesitation, I skip every listing with a "Photos available upon request", those organizations that force you to inquire for basic photos will never get my business.
On social media platforms such as Facebook and Instagram, Videos are all the rage right now. A lot of our own forum members who are active on instagram put out a steady stream of gorgeous coins, from their collection or posted for sale. These videos accurately portrait the overall appearance of the coin, much more than photos could ever do. Sure, you still want to look at quality images to pick up on small contact marks, but in my opinion a video is far superior with respect to luster, color, and vivid toning. On the Facebook Gold BST group, you can often see many YN's leave a comment asking for a video, and most sellers are happy to oblige. I also have requested videos from several reputable dealers who had no issue with it, and I go out of my way to take a nice video when I list a coin for sale.
I would like to see vids become more prevalent in the marketplace, in the name of transparency and customer satisfaction. Even Ebay allows sellers to post videos, and I commend them for offering that feature. Of course, several big auction houses have a feature with a moving image of a coin showing the cartwheel, but those are not as as helpful to me as a actual vid. As you can see by my last newp thread, none of those photos accurately convey the look of that coin, but I can take a 30 second vid with my phone that actually shows what it looks like in hand. As Dave Chappelle says, "Modern problems require modern solutions".
I'd like to hear everyone's thoughts and opinions about videos becoming commonplace in numismatics. As a buyer, would you prefer to see more videos offered by dealers and other organizations? Has a video ever helped push you over the edge to make a purchase? As a seller, do you mind taking a ten second video with an iPhone or similar smartphone with a good camera, rotating the coin around to show its appearance from all angles in a good light? For those against it, do you find it to be inconvenient to have to do such a thing? Or do you think that videos might discourage someone from buying some of the coins in your inventory? Would major dealers and auction houses ever be willing to implement the inclusion of a short video of each coin, in addition to the photos, even if it were only for more expensive inventory? All opinions welcome.
Type Collector of U.S. Pre-33 Gold https://instagram.com/deplorable_dan Successful transactions with- @drfish, @Cladiator, @johnny010, @Pedzola, @PerryHall, @2windy2fish, @Ike1964, @JohnThePainter, @rpmsrpms, @REALGATOR