Where would one find out what kind of economic impact a large coin show has on the hosting city?
Does anyone have any idea where one would find out some figures on the economic impact a ANA or Central States show has on the city that hosts it? ie. Number of visitors, number of dealers, sales, etc..
I'm sure some body keeps figures like that, but who?
Thanks
I'm sure some body keeps figures like that, but who?
Thanks
Collecting coins, medals and currency featuring "The Sower"
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Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Central States, and FUN Show owners,
as they have those figures in-hand, I believe.
It's an important part of the presentations
made to individual State Legislatures to
help repeal sales tax, nexus issues, etc.
The Washington, DC Board of Trade publishes similar impact assessments for conventions, etc.
True. The "box of twenty" isn't just a way to collect. It's a hotel room shared by collectors to save money.
could probably provide basic figures at least.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
A major coin convention (such as the ANA Annual Convention) and an industry trade or professional show/convention are very different critters. Coin shows are little more than large wholesale/retail venues depending on which side of the transaction you are on. They look and feel more like parking lot flea markets than professional organization conventions. The associated “educational” activities and special interest meetings are so minor, that they barely show up on a percentage attendance basis.
A trade convention is a venue for introducing new and improved processes, equipment, procedures, etc. to users of those goods and services. While sales take place during trade shows (At the Proctologists’ Annual Convention: “I’ll take three of those new self-lubing colonoscopes with dual LED lights and built-in polyp choppers, if you throw in the new video on improving my golf swing?”) Vendors have a chance to meet and impress potential customers, and show off their products. Attendees usually have a wide range of seminars, continuing education and practical demonstration events to attend. Most are also business write-offs. Business people bring their families and generally stay for several days. The events are multi-dimensional with competition from vendors for participants time and attention, as well as money.
Compare that to the ANA Convention. The only new products and services come from the book publishers and world mints. There’s nothing about all the economic pieces relating to mints, coinage, minting, engraving, etc. No one sponsors seminars on improving your die engraving, annealing theory, introduction to quad press repair, storing your coin in the latest environmentally isolated slab, and on and on…. Likewise, there’s not much that could really be called competition. One Morgan dollar looks and behaves much like another. Dates and mintmarks and condition might change but nobody is introducing a “better” Morgan dollar. “ACME Coin sells the best Morgan dollars,” is everybody’s hue and cry. Because there is no fundamental engagement of the majority of collectors, very few bring the family. (Look at the miniscule number of auxiliary events associated with the ANA Convention – then compare to any other National Association event.)
Some interesting suggestions have been offered by forum members and to the ANA on how to make coin shows better. The ANA President’s editorial in the new Numismatist indicates that no one is listening out in Colorado – maybe it’s ‘cause the Rockies lost the World Series, or maybe they are distracted with other matters.
Of course here we have numerous speed traps so many out of towners going to a coin show will get nailed with a speeding ticket. That helps the town but only the people that end up pocketing that money.
I doubt Chicago has any coin shows. To many people would be robbed on the way there or going home.
And if the criminals don't get you the crooks called politicians will with taxes.
Again, I doubt you would ever find out statistics such as an economic impact on a town, city of village from a coin show. Way to many variables.
<< <i>-- "Don’t be disappointed at how small the impact is for a major coins show compared to the National Association of Toenail Clipper Manufacturers." --
True. The "box of twenty" isn't just a way to collect. It's a hotel room shared by collectors to save money. >>