Good advice for young numismatists looking for a career in numismatics?
MrEureka
Posts: 24,419 ✭✭✭✭✭
I started collecting coins at 5, 50 years ago. For that entire half century, the best advice you could give a YN looking for a career in numismatics was that he should focus on grading.
Today, I think it might be better advice to encourage kids to focus on authentication.
Agreed?
Today, I think it might be better advice to encourage kids to focus on authentication.
Agreed?
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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Comments
It takes really big money to be a Coin Dealer.
The difference between seeing coins raw vs. in a holder is tremendous and I believe something many younger people dont see as much
As a young person, THIS.
Choice Numismatics www.ChoiceCoin.com
CN eBay
All of my collection is in a safe deposit box!
Spend as much time studying problem coins as you do studying nice ones.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
I started collecting coins at 5, 50 years ago. For that entire half century, the best advice you could give a YN looking for a career in numismatics was that he should focus on grading.
Today, I think it might be better advice to encourage kids to focus on authentication.
Agreed?
I like your focus on grading....and I would add an emphasis on the world coin market.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
An authorized PCGS dealer, and a contributor to the Red Book.
The difference between seeing coins raw vs. in a holder is tremendous and I believe something many younger people dont see as much
Great post!
Even some very large and/or older collectors (sp) never do.
My 1866 Philly Mint Set
- it's not hard to learn how to grade well enough to make smart decisions
- it's not hard to make this hobby a side-business when you have a main source of stable income
Thus I conclude that there is absolutely no benefit in joining this hobby as a full time player.
Unless you have the financial ability to play in the very high end of the market forget about a career in coin dealing. Use of coins in everyday transactions may very well cease within the next twenty-five years. When (if) that happens interest in coin collecting will plummet among the general population. The only players left will be the very wealthy with strong historical interests and they aren't going to be looking for "ordinary" collector coins.
I respectfully disagree. When gold coins stopped being produced interest in collecting them soared even though production ceased. Silver coins as well. Taste for modern art is far different than art a few centuries ago but that market certainly has not suffered. This idea that if we move away from coins or currency (a big if in our lifetime) people will be so simplistic to not want to collect coins anymore---I believe is just wrong. In fact, an end of coins could very well spark a surge in collecting.
For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.
The Reeded Edge
I started collecting coins at 5, 50 years ago. For that entire half century, the best advice you could give a YN looking for a career in numismatics was that he should focus on grading.
Today, I think it might be better advice to encourage kids to focus on authentication.
Agreed?
I like your focus on grading....and I would add an emphasis on the world coin market.
I agree with grading and world coins 1000%.
The US is a mature economy and the US coin market is mature as well. Got to go to "emerging markets" to find the new up and comers! Brazil Russia India China are some good places to start and a good way to learn how to grade different coins and find other cool designs for a fraction of the price of what you can find in the US.
As a collector in my late 20's, my collection is about 50% US and 50% foreign and its a great way to cherrypick on eBay or at a LCS, not get burnt out focusing on only 1 series and diversifying your collection.
``https://ebay.us/m/KxolR5
Latin American Collection
MrE, you comment on authentication suggests to me an experience with either a really good fake which might have surprised you.
You have a good memory. Yes, I did mention something like that a while back. But this thread was motivated by far more than one coin. My thinking is that as counterfeiting becomes a bigger problem, the fight against counterfeiters will become more important, and experts will be paid accordingly.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Latin American Collection
I started collecting coins at 5, 50 years ago. For that entire half century, the best advice you could give a YN looking for a career in numismatics was that he should focus on grading.
Today, I think it might be better advice to encourage kids to focus on authentication.
Agreed?
Agree.
TPG grades are guaranteed.
Counterfeit coins and slabs are not.