What will be the next "new new thing" in numismatics?
RYK
Posts: 35,800 ✭✭✭✭✭
In the mid-80's, it was the TPGs. In the mid-90's, the internet and ebay came along. It is the mid-2000 decade. What is (or will be) the next great innovation that will continue to drive interest in numismatics well into the decade?
0
Comments
Liberty: Parent of Science & Industry
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)
GTS
Russ, NCNE
Rick Snow already does the independent certification thing with the photoseal. I think it certainly adds clout to the coin involved as long as the person certifying it is prominent enough.
Collecting can have a very steep learning curve depending on what someone collects, and we frequently joke about the "price of tuition". It would be nice if newer collectors could get up to speed without having to pay that high price.
<< <i>people who are collecting state quarters and other mass produced moderns will become increasingly interested in older, rarer coins. >>
I think it will be just the opposite. All those people, plus those who buy coins on TV shopping programs, will become instantly disillusioned as soon as they find out they have lost money on what they already have. I don't think most collectors expect to make money on everything, but getting offered pennies on the dollar is going to be a major turn-off.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
The Registry Set thing is still in its infancy. This will become bigger and with more rewards. A Worldwide database with Photos and write ups will be the next generation. This will be a site where all the worlds finest collections will be showcased and brought not only to the numismatic community but to the general public.
NGC and PCGS may offer lifetime memberships for CC members at a one time cost. These will be limited and for only a short time.
Technology will be developed to date toning on coins and a year range will be established to guard against AT.
David Hall will run for President of the ANA. NGC head Mark Saltzberg will follow.
CU will buy the rights to Coin World from Amos press.
PCGS will establish a commission to fight fraud on Ebay and the HSN aimed at educating the public on coins and coin collecting. NGC will follow.
Laura with Legend will buy and sell every classic coin left in America and travel oversees buying coins and battling Wanna be's She will win the war only when she tells us who they are.
Russ will marry a Kennedy!
Tbig
Bruce Scher
I don't know why they don't right now.
Things seem pretty hot at the current time so people aren't going to want to mess with that works at the moment....
PCGS will inevitably go the same rout. They're leaving money on the table if they don't.
Please check out my eBay auctions!
My WLH Short Set Registry Collection
GTS
"First STRIKE" Mint and Proof sets
A witty saying proves nothing- Voltaire (1694 - 1778)
An error does not become truth by reason of multiplied propagation, nor
does the truth become error because nobody will see it. -Mohandas K. Gandhi (1869-1948)
1) 3-D coin imaging (leading to...)
2) Computerized grading
TPN
Hell, I don't need to exercise.....I get enough just pushing my luck.
<< <i>people who are collecting state quarters and other mass produced moderns will become increasingly interested in older, rarer coins. >>
This has been and will be continuing to occur. This of itself will possibly be the biggest
change in the next several years. The biggest surprise may be that "peope who are col-
lecting states quarters and other mass produced moderns will also become increasingly
interested in moderns".
Unsurprisingly their interest would not be confined to the mass produced coins.
A second numerical grade (1-10) for eye appeal, an expansion of the NGC star gimmick.
Commems and Early Type
So people can collect an entire set of coins, virtually. Card collectors will cross over to the real coins too!
Who knows, it just might work...
collections: Maryland related coins & exonumia, 7070 Type set, and Video Arcade Tokens.
The Low Budget Y2K Registry Set
I am sorry, perhaps you did not understand my question. I meant something new that would encourage more collecting.
How about a ressurection of the 20-cent piece, with a new round of statehood designs featuring only scantily clad bimbos?
Now, you're talking, baby!!!
Cameron Kiefer
TPN
The New New Thing
I like the card idea.
Remember folks, We are talking about a positive, transforming development, something that will sustain and potentially increase interest in coins over the next 5-10 years.
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
2) Continued gradeflation will eventually come to a head but probably not for awhile yet. The services still can tighten up when they need to. But, the trend of the last few years means that eventually they will run out of grades. If yesterday's 63 is now a 65 and maybe a 67 five years from now, then at some point you have to go off the 70 point scale, which could cause quite an upheaval. Already coins in older holders are perceived to be worth "more". I can see grade becoming a combination of assigned grade AND certification date.
3) At some point a clever person will figure out how to consolidate ALL dealers websites in a central easy-to-use repository. There's no money in it yet, but the technology is there - and it will make the market more efficient overall. Would dealers pay a quarter or half a point for a web referral that turned into a sale? I think yes. Whoever makes it viable and captures "mindshare" first will win.
4) More and more information electronically indexed for everyone to use. The ANA will figure out, eventually, how to get the Numismatist completely archived onto the Internet. Same w/other publications.
5) Continued stratification at the higher grade levels - it's happening in other collectibles as well. People are starting to wake up to condition rarities and will pay crazy money for the best.
6) The entire market and all the grading services will be controlled by Heritage - just wanted to make sure you were still reading
tradedollarnut
Master Collector
Posts: 6575
Joined: Oct 2001
Tuesday May 10, 2005 12:07 PM
TPG graded coins will get an independent certification stating that the coin inside is a-ok and good for the grade.
-------------------------
Baley
Master Collector
Posts: 6036
Joined: Dec 2002
Tuesday May 10, 2005 12:01 PM
people who are collecting state quarters and other mass produced moderns will become increasingly interested in older, rarer coins.
-------------------------
scher
Veteran
Posts: 527
Joined: Feb 2002
Tuesday May 10, 2005 12:30 PM
I think it will be a new "100 point" grading designation..and of course a new small fee to cover putting those coins back into properly graded slabs....
Bruce Scher
Some of the cards will become almost as valuable as the coins.
2- Burkshire Hathaway will purchase 3 billion dollars worth of the finest
and rarest american coins . This will be the finest set of coins ever assembled.
3- The members of the Forum will form a coin investment consortium and amass
a fortune in rare coins. Using the collective knowledge of the members.Initial shares will
bw sold in increments of 1000 dollars. David Hall will become chairman of the Board.
4- By 2050, money will become obsolete and microchip imbeded smart cards will add and delete
credits to ones accounts.
5- Laura will retire from the coin bussiness and open a Bed & Board in Main.
6. Bear will buy control of Dunkin Donuts and proceed to eat up the profits.
Camelot
can the owners icons go on all the cards?
The declaration argued that governments exist by and for the people with citizens obligated to overthrow a tyrannical government.