PCGS -- Is Secure Display A Desired Product?

Blumsaferob

New member here.

My company, BlumSafe, makes secure display safes and cabinets for watches, jewelry and card slabs. Recently a card collector suggested we adapt our card display safes for PCGS slabs. https://blumsafe.com/product-category/blumsafe/card-collecting/

We make two versions, one is a wall mounted product that can hold about 9 slabs, the other a freeeestanding cabinet that can hold up to 40 slabs. My question for all of you is -- do you think this is really a market? Do you like to display your PCGS slabs in your home? IF you could do it relatively securely (our windows are 1/2" polycarbonate, vurtually indestructible), does that make it an easier deal, or do you just prefer to keep them in storage boxes or a conventional safe? Is room for 40 slabs too much? Is 9 a better size? Any guidance you can give would be appreciated as we try to figure out whether this is really a market for us to go after or not.

Thanks, Rob

TomB

I didn't follow your link so if you respond you may want to embed images in your post. Regardless, I know of no one who has told me they display slabs at home other than folks who have one or two that they keep. So while I suspect there is a market for this product, I also suspect the market is extremely thin.

Copperindian

I looked at your offerings & totally agree with @TomB regarding a thin market. While the coin dimensions are smaller than sports cards, it would take a high end collection to justify the price points I saw in your current selections. Even say, 60 coins rather than 40 cards - those would have to be higher ticket than most collectors afford in that quantity.

mattniss

I would not recommend spending the time and R&D money to enter the coin / currency sector of the collectibles market for a product like this.

It's my personal opinion, anecdotally, that most coin collectors, but especially the bigger, high-end coin collectors, typically don't have or don't want to have their big slabs out on display in their home, despite the safety features of your safes.

Alternatively, the run of the mill normal collectors -- like most of us -- not only don't really display their slabs at home as mentioned, but are likely going to struggle and/or grumble with such a high price point. The juice may not be worth the squeeze for the average collector, knowing their reality is they would have spend a lot to display a collection of potentially less value.

Good luck with your product development roadmap!

Blumsaferob

I thank all of you for your honest guidance. Its not about getting the advice you want to hear, but about getting the advice you need to hear. If anyone has any other ideas, feel free to let me know. BTW, I have also been experimenting with a much less expensive 12 card angled drawer/dresser-top box, like this for like $125.

Thank you.

MICHAELDIXON

I do not display my coins at home; never have and never will. That is like inviting problems by letting people know you are a coin collector.

horseyride

I'd have a hard time buying a safe that says it is 'designed to “keep honest people honest”'. You could say the same about a sign that reads "Please don't steal" next to a box of gold. I prefer safes that keep dishonest people honest

More technically, your products seems to use 14-gauge steel. You need thicker 12 gauge steel equivalent to qualify for UL certification as a Residential Security Container (RSC), and that's minimal security.