New ANA Membership Benefit - ANA Announces Collaboration with CDN
GregL
Posts: 470 ✭
ANA Announces Collaboration with CDN
The American Numismatic Association (ANA) is excited to announce a collaboration between its flagship publication, The Numismatist, and The Coin Dealer Newsletter (CDN), providing ANA members a reliable retail pricing tool for collectable U.S. and Early American coinage. Beginning in June, ANA members can access the “Collector’s Price Guide” (CPG) in The Numismatist. Each monthly 8- to 10-page supplement offers up-to-date values for a variety of U.S. coin types and denominations on a regular rotation, with early coppers, cents and nickels in June, silver in July, and gold in August.
“The Numismatist is one of the great publications of our hobby and the cornerstone benefit of ANA membership,” says ANA President Jeff Garrett. “The new CDN retail price guide will make The Numismatist an indispensable resource for collectors. This partnership is one of the most important developments for the organization in many years.”
The “Collector’s Price Guide” is intended as a hobby resource only and should be used in combination with other numismatic references as part of a practical, informed purchasing plan. CDN Publishing is solely responsible for the content of the guide.
According to CDN Publisher John Feigenbaum, “An online version of CPG was launched a few months ago in response to dealers who have long been frustrated by the disconnect between established Greysheet pricing and unrelated retail values that don’t reflect wholesale levels. CPG values are derived from the Greysheet and move in direct reaction to the wholesale market so collectors and dealers can finally be in sync.”
“It’s a dream come true to have coin-pricing information available in The Numismatist,” says ANA Executive Director Kim Kiick. “This is a huge benefit to our members, and we are grateful to John Feigenbaum for approaching us with this opportunity.”
About CDN Publishing and the ANA
Since 1963, CDN has been the industry standard in U.S. rare coin and currency pricing with its publication of the Greysheet, Bluesheet and Greensheet newsletters. Released weekly and monthly, these price guides are preferred by coin dealers, shop owners, serious collectors and investors throughout the United States. An archive of articles can be accessed free at blog.greysheet.com. For more information, visit www.CDNpublishing.com.
The American Numismatic Association is a congressionally chartered, nonprofit educational
organization dedicated to encouraging the study and collection of coins and related items. The ANA helps its 25,000 members and the public discover and explore the world of money through its vast array of instructional and outreach programs, as well as its museum, library, publications and conventions. For more information, call 719-632-2646 or visit www.money.org.
Comments
Thanks for posting, Greg. Appears to be a good membership benefit but not much different than other coin magazines' monthly "Trends" pricing. Similarly, it sounds like it is a once-per-month good deal.
I recommend the next step be to provide free CDN access online to members-only through the ANA's website including CDN's daily or weekly updates so we can have "real time" data, not just one time per month that will get "stale" 2-4 weeks after publication. JMO.
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
Considering that that access is sold for $199/year, that is not likely to be offered free to someone who pays a membership fee of $28-46/year -- even if the entire membership fee was paid by ANA to CDN.
Yeah, I figured you'd say that. As offered now it is unlikely to lure any new members. Thus, I'm only suggesting how you could take it to the next level. What about providing that level of access to Life Members-only to encourage upgrading to life membership??? As it is now Life Members really don't get any significant extra perks.
And I have to say that for Kim to tout this as "a dream come true" is melodramatic and overstated considering similar information has been available in other coin periodicals and online for decades, and the PCGS price guide provides "real time" coin pricing on an app for free (and don't suggest it's apples and oranges, because it isn't -- collectors use PCGS pricing all the time to gauge prices of raw coins as well as those already PCGS-slabbed).
This appears to actually be a better deal for CDN (free(?) advertising without providing significant proprietary information) than it is for the ANA (The Numismatist is already a solid magazine--a once-a-month price guide isn't filling a void or value-added IMO).
I'm not a hater, just a realist.
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
So I wonder if it is easy to derive the CDN numbers directly from the CPG (bad choice is initials) numbers.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Will these CDN "retail pricing tool" numbers that will be listed in the Numismatist be the same as the numbers shown in the CDN?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
COOL
Appreciate the efforts @GregL .
Thanks!
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
These numbers are different than the CDN. The idea is that CDN provides wholesale numbers while this new CPG will have retail values that collectors can expect to pay a dealer. The two guides should show movement in the same direction (i.e. if 1881-S MS 65 Morgans go up in the CDN, they should likely go up in the CPG).
One thing to add, Heritage provides the CPG numbers (as well as CDN) for free just by signing up for an account (the values can be seen under any listing that one is looking at).
A great idea ... 30 years ago.
To not offer the information via an app is absurd. From a mobile device, you can access the PCGS price guide, Coin World price guide, and Heritage auctions. Why tote around pages from The Numismatist or worse, try to quickly access info from the electronic version of The Numismatist?
The pricing guide may be a nice feature for those who keep the magazines close by when playing with their coins. It's hard to believe it's a dream come true or that it will make The Numismatist indispensable.
Great numismatic magazine, nonetheless.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
more proof the ana is out of touch and desperate to raise any monies it can
you can join pcgs here and get more info and benefits for less
There are plenty of people that are not digital yet. Sure we are on a electronic forum so it's hard to believe but look around a bourse floor and you'll see many people carrying around those archaic things like paper
“The Numismatist is one of the great publications of our hobby and the cornerstone benefit of ANA membership,” says ANA President Jeff Garrett. “The new CDN retail price guide will make The Numismatist an indispensable resource for collectors. This partnership is one of the most important developments for the organization in many years.”
“It’s a dream come true to have coin-pricing information available in The Numismatist,” says ANA Executive Director Kim Kiick. “This is a huge benefit to our members, and we are grateful to John Feigenbaum for approaching us with this opportunity.”
The fact that this is one of the most important developments at the ANA in many years says everything you need to know about the ANA.
I wonder if they still have 8 track players in their cars.
A dream come true........ oh boy
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I don't foresee the ANS following suit any time soon. Fortunately, they will stay true to their mission of providing a journal of numismatic knowledge that isn't concerned with market pricing trends. This function should be left to commercial enterprise. Nowhere in the charter of the ANA does it state that their mission is commercial.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
Yep, another unfortunate ANA "bust." As we say in the Air Force, "no thrust, no vector."
Ironically though, this is why I'm a Life Member -- I knew if I had to make the decision to renew every year I probably wouldn't do it, so I just took the plunge and now I don't have to worry about it anymore haha.
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
True. There is an expression we use in academics ... dress for the job you want, not the job you have.
The ANA needs to address the needs of the future, not the needs of the past. The ANA is reactionary, not proactive.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Which ANA Presidential candidate can help change this and move the ANA into the future? Or at least closer to the present?
Agree. To me, filling The Numismatist with 8-10 pages of this decreases its value and raises concern because this seems to be off the organization's charter. It does seem to be a win for CDN.
Pure speculation ... but perhaps it's similar to NGC being the ANA's "official" grading company. Did CDN pay for the privilege of inserting the pricing? Is this a revenue stream for the ANA? Did the ANA approach the CDN or did the CDN approach the ANA? Whose needs are being met?
The ANA used to have a defined policy of NOT placing a value on coins. That must have changed. Previously, when the museum staff/numismatists at the ANA were asked by the public for the value of coins, the staff were required to either direct the patrons to the library (and help them find the resources) or to visit an ANA member dealer. That's a respected practice by museum professionals throughout the world.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
I really do not see this as an advance or even a really useful tool. Just another resource that will be used by some and discounted by most dealers as 'not reality'.... JMO... Cheers, RickO
I have been an ANA member for 48 years. I doubt that this will attract many new members.
A certain percentage of collectors are very interested in price guides. This is a reasonable approach to reach that audience.
If you go back a generation this would have made less sense - there were other pricing vehicles with much larger circulation than today. The situation now is that with decreasing print runs the other publications can't afford to invest as much in pricing data. If the ANA can pair with a competent partner, they have a better opportunity today to win that share of the print market. It's a smart move, and I'm sure the competitors (Amos, F&W) are taking note.
Astrorat's point about staying out of the pricing business is taken - there are certain advantages to remaining separate from commercial matters. For many years the ANS would not even accept dealers as members. The reality is that the ANA has been selling rights to ANA auctions for years, and its most public event (summer ANA) would not happen without substantial commercial support. ANA also sold collector supplies and books (today Whitman is the "official supplier"). I don't see the CDN deal as philosophically much changing the ANA's situation.
Neither. A clean sweep with a mixed board (,some outside the industry ) and New Executive Director with FORWARD thinking ideas is needed.
Astrorat nailed it about being proactive and not being reactive. With the current slate there is absolutely ZERO reason to think there will be any minor let alone significant changes. Running in place seems to be the mandate.
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
This is bogus. The ANA leadership has no clue. They are a desperate bunch.
Wrong price guide any way-this is dealer rag.
I like the idea. Offering something new/different is a good move by the ANA.
Tough crowd
Yes, if it was actually new or different. It is neither.
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
Amen.
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
CDN needs to sharpen up on Morgan pricing. That is a category that is liquid enough to be accurate. I overpaid on an 1884-CC in 65 DMPL at the beginning of the year based on a number that was off.
And this is a great example of why the ANA should stay away from commercial pricing.
Providing "trends-like" pricing is beneath them as a professional organization.
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸