What can be done to reinvigorate coin shows?
291fifth
Posts: 23,898 ✭✭✭✭✭
Report after report indicates falling retail interest/attandance at coin shows (not necessarily auctions), at least as far as numismatic coins are concerned.
What can be done to turn things around?
What can be done to turn things around?
All glory is fleeting.
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"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
Yeah...that's the ticket...things should start picking up then...
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Folks don't buy collectibles when they need their money for neccessities.
Ray
<< <i>strippers. >>
That what I thought!
"Coin shows will be going strong again as soon as the national economy recovers.
Folks don't buy collectibles when they need their money for neccessities."
"Reinvigorate the economy."
When the economy improves, so will the coin market.
the bubble in coins still has a ways to go down in my opinion.
Show should include weekend hours.
If a show is advertised as having Sunday hours, dealers have to stay.
Dealers should accept credit cards, just like vendors at every other kind of trade show.
<< <i>ALL THE ABOVE! >>
You forgot free Guinness
<< <i>for prices to come back down to more reasonable levels as they were 7-10 years ago.
the bubble in coins still has a ways to go down in my opinion. >>
The sellers don't want to lose money on their coins. I can understand that, but sooner or later they will sell.
The longer they take to adjust their prices down the more they will lose.
shows in a down economy
defies logic.
Camelot
"Too many shows in a down economy"
I guess that pretty much covers it.
That was common in the good ol' days!
JT
I collect all 20th century series except gold including those series that ended there.
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)
<< <i>Coin shows will be going strong again as soon as the national economy recovers.
Folks don't buy collectibles when they need their money for neccessities.
Ray >>
No one "has " to have a coin, when money gets tight it is one of the first things to go.
That what I thought!>>
I will see your strippers, and I raise.
Free Beer with topless waitress's
Seriously, I agree with Bear; in this down economy consolidate shows. Remember the old adage: less is more.
<< <i>anablep took the words right out of my mouth >>
Me too
Consumer confidence has a lot to do it as well. I still go but don't buy as much.
2. local radio advertising
3. in general MORE ADVERTISING
Hong kong/Long Beach JUNE Table #838
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How about a better advertising campaign aimed at the GENERAL PUBLIC instead of just the coin collecting community?
How about some general advertising by the ANA to promote coin collecting. Thats their purpose isn't it? I mean, if those folks that sell gold can afford a TV Spot, why can't the ANA?
The name is LEE!
How about some general advertising by the ANA to promote coin collecting. Thats their purpose isn't it? I mean, if those folks that sell gold can afford a TV Spot, why can't the ANA? >>
I like that idea the best. Not counting CoinFest, I can only think of two organizations, the ANA and FUN, that will advertise beyond sending out postcard reminders to their mailing lists. Unfortunately the few television commercials that are run are cheesy, tacky, and generally laughably unimaginative. They may appear satisfactory to the 75 year-old blue haired partially deaf old farts, but they are way too reminiscent of those ridiculous used car dealer commercials you see during after hours.
Numismatic organizations should advertise in methods that appeal to the mainstream and can attract that audience to a coin show, not just towards coin collectors via ads that only elderly half-fossils find endearing. There is only one organization that to this day has realized this and is advertising in ways that can attract a younger, more modern crowd. That organization is CoinFest.
I also agree with others in that there are too many coin shows. When I started doing this even the dealers would endure months of anticipation for the next big show, even for shows like Long Beach, and save the better material on hand until that show. For the last few years the attitude has been more akin to: "who cares if this show bombs? There's another big show next week!" When there are too many shows it dilutes the importance of the existing shows.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>1. dress code for dealers
2. local radio advertising
3. in general MORE ADVERTISING >>
Dealers need to become a lot more people friendly. It also helps to cater to kids in the advertising, and in making the shows fun for kids.
we had a bit of a funny conversation Saturday after the close of the show. as we sat in the lobby of the host hotel a bus load of senior citizens unloaded and my buddy joked that they were here for the coin show. we laughed and he went on to say how nice it would be if there was an outfit that did a bus tour across the country hitting coin shops on the way to each weekend show on the tour. i gauranteed him that if there were busloads of people ready for something like that there'd be a coin show each and every day of the week!!! that's sort of what's happened in-a-nutshell.........................as the market heated up the shows followed, now the market's cooling off and the shows will start to follow suit.
the easiest way to guage this transformation will be to watch the CW coin show pages. they are sure to dwindle.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
<< <i>[qHow about a better advertising campaign aimed at the GENERAL PUBLIC instead of just the coin collecting community?
How about some general advertising by the ANA to promote coin collecting. Thats their purpose isn't it? I mean, if those folks that sell gold can afford a TV Spot, why can't the ANA? >>
I like that idea the best. Not counting CoinFest, I can only think of two organizations, the ANA and FUN, that will advertise beyond sending out postcard reminders to their mailing lists. Unfortunately the few television commercials that are run are cheesy, tacky, and generally laughably unimaginative. They may appear satisfactory to the 75 year-old blue haired partially deaf old farts, but they are way too reminiscent of those ridiculous used car dealer commercials you see during after hours.
Numismatic organizations should advertise in methods that appeal to the mainstream and can attract that audience to a coin show, not just towards coin collectors via ads that only elderly half-fossils find endearing. There is only one organization that to this day has realized this and is advertising in ways that can attract a younger, more modern crowd. That organization is CoinFest.
I also agree with others in that there are too many coin shows. When I started doing this even the dealers would endure months of anticipation for the next big show, even for shows like Long Beach, and save the better material on hand until that show. For the last few years the attitude has been more akin to: "who cares if this show bombs? There's another big show next week!" When there are too many shows it dilutes the importance of the existing shows. >>
Hey!! How about laying off the septuagenarians.
We're not all suffering from dementia.
JT
I collect all 20th century series except gold including those series that ended there.