What organization makes the most money in Numismatics

BigBuffaloGuy · February 28, 2007 4:58AM

Heritage claims to have sold more than $1 Billion in rare coins in the last 3 years, but what organization do you think made the most money on the numismatic hobby over the last 3 years? It should be interesting to hear the responses. I have a pretty good idea of the top three, but let's hear what you all think.

tradedollarnut · February 28, 2007 5:02AM

Heritage, PCGS and NGC

ziggy29 · February 28, 2007 5:02AM

Other than the U.S. Mint? Other than them, I'd guess NGC.

mirabela · February 28, 2007 5:07AM

Obviously they've got their fingers in many pies besides coins, but when you figure how many deals they've made 4 or 5% on, eBay has got to be up there too.

ziggy29 · February 28, 2007 5:11AM

<< Obviously they've got their fingers in many pies besides coins, but when you figure how many deals they've made 4 or 5% on, eBay has got to be up there too. >>

Hmm. I was thinking about firms primarily or completely devoted to numismatics, but without that constraint, you may be right.

combatmailman · February 28, 2007 5:14AM

PCGS I have already given them over 400.00 for grading thus far.

orie · February 28, 2007 5:24AM

There probably is a clear winner, but when you consider expenses I wouldn't have a clue. It would be interesting to know how many coins each deals in and what the average net profit is in each unit(coin).

What would be your guess as to how many coins ebay averages a day and what's their average net per coin?

Just did an ebay search and there are around 25,000 coins selling daily. This includeds bullion and world coins.

itsnotjustme · February 28, 2007 5:34AM

US Mint does well. E-Bay/Paypal does great (imagine what the recent W issues have done for them!). USPS may not do bad either.

123cents · February 28, 2007 5:38AM

I think:

1. US Mint
2. Ebay
3. Heritage

RichieURich · February 28, 2007 5:51AM

1. US Mint
2. Heritage
3. eBay
4. PCGS
5. NGC
6. Mfrs. and sellers of counterfeit Trade and Seated dollars

darktone · February 28, 2007 5:54AM

I think heritage outdoes the US mint no problem.

OPA · February 28, 2007 6:01AM

1. Heritage
2. NGC
3. PCGS
4. US Mint....does not make a great deal of money on numismatic items. (To many GS-15's & 14's sucking up the payroll.)
5. Aboncom

ziggy29 · February 28, 2007 6:08AM

<< I think heritage outdoes the US mint no problem. >>

If you take the question very literally, NO ONE "makes more money" than the Mint.

Gemineye · February 28, 2007 6:35AM

Dept of Taxation......!!!

RYK · February 28, 2007 6:36AM

Heritage, NGC, Compucheap

BigBuffaloGuy · February 28, 2007 6:43AM

I don't have any hard facts, but I would say the following pretty confidently

U.S. Mint
Ebay

NGC

PCGS

Littleton Coins

WTCG · February 28, 2007 6:54AM

The U.S. Mint is the undisputed leader. PCGS, NGC, Spectrum, Heritage and several of the telemarketer type companies are certainly up there.

RichieURich · February 28, 2007 7:48AM

<< Heritage, NGC, Compucheap >>

How'd the 3rd one get in there, RYK?

foodude · February 28, 2007 8:49AM

Various government mints around the world, with the US MInt is probably at the top. Ebay is next, followed by Heritage.

shylock · February 28, 2007 8:53AM

1) PCGS
2) Heritage
3) NGC
4) Ebay

RareBronzeCollector · February 28, 2007 10:00AM

<< If you take the question very literally, NO ONE "makes more money" than the Mint. >>

Ain't THAT the truth......

tradedollarnut · February 28, 2007 10:05AM

<< If you take the question very literally, NO ONE "makes more money" than the Mint. >>

well now, if you're gonna be literal about it - it supposedly ain't money until the Federal Reserve monetizes it.

mrearlygold · February 28, 2007 10:08AM

<< Heritage, NGC, Compucheap >>

Compucheap is definitely a force to be reckoned with

Manorcourtman · February 28, 2007 10:10AM

US MINT...by far the recipient of more $$ than any other entity in this biz. Who else can make money making money!!

TwoSides2aCoin · February 28, 2007 10:11AM

<< US MINT...by far the recipient of more $$ than any other entity in this biz. Who else can make money making money!!

>>

There is this guy in a garage in China

Joflax · February 28, 2007 10:49AM

US mint , heritage , ngc,ebay,teletrade, pcgs Wild guess but I imagine that it can be figured out ..arent they all public companies?

seemyauction · February 28, 2007 11:36AM

I would bet the company that makes the most is one that no one thinks about or hears about........

AL

RichieURich · February 28, 2007 11:40AM

<< I would bet the company that makes the most is one that no one thinks about or hears about........

AL >>

Would that be Public Auction Service Company of Lonaconing, MD?

Coxe · February 28, 2007 12:12PM

The US Mint is tops. No way eBay outdukes Heritage. Take all of the coin lots on eBay for a quarter and they don't measure up in fees what the top 10% or so of a good signature sale brings in for the same quarter. Teletrade does pretty well with three auctions a week, but they don't have enough monster lots to get the big numbers, despite the crazy buyback and return/restocking fees that hit the bottom line. Would be interesting to know where CU/PCGS and NGC are relative to eaach other.

seateddime · February 28, 2007 12:19PM

The mint #1

Ebay #2

seateddime · February 28, 2007 12:21PM

Ebay has over 100,000 coins everyday in the US alone but what about the UK? , Heritage a sale every 10 days.

Writersblock · March 1, 2007 12:34AM

<< I think heritage outdoes the US mint no problem. >>

Heritage says they had a billion dollars in sales over the past three years. The US Mint had a half billion in sales with just the gold buffalo last year

What organization makes the most money in Numismatics

Comments

Leave a Comment