Skip to main content

Community Voice Response: May 12, 2020

From the April 17, 2020, Numismatic News E-NewsLetter

How do you think the landscape of the hobby will look once the pandemic is over and the market settles down?

Here are some answers sent in from our E-Newsletter readers.

 

Primary sales will be online and auctions. Face-to-face purchases will be reduced considerably. This change brings two issues to light: 1) It becomes more important to understand the return policy, and 2) Consider the buyer’s premium when purchasing. In the long run, we will most likely see a down market.

William Atkinson
Address Withheld

 

The number of infections and deaths attributed to the coronavirus play on your mind. Isolation and personal protection through distancing are ingrained. I believe the crowds we’re accustomed to seeing jostling through coin shows will cease. Maybe a predetermined quantity of people will be let into a venue, and for every party that exits a new one is let in. Coin shops may be OK since traffic is a minor issue. Internet, magazine ads, and auction purchases will do well. That is if there will be enough money to go around. It’s anybody’s guess.

Horst Seeley
Address Withheld

 

Yes, most definitely the word I get from dealers and the words I get from collectors: everybody can’t wait until things get back to normal. When that happens, people will be rushing to shows and rushing the club meetings to get their fill.

Harry Schwartz
West Park, Fla.

 

First, social distancing will continue, and this would restrict mobility and attendance at coin events such as meetings, shows, and conventions. There could be a permanent dislike to be close or within large gatherings, regardless of an all-clear.

Second, marginal, vest-pocket, and small-time coin dealers most likely would cease and decrease.

Third, travel, particularly on airplanes with packed seating, will be affected, and travel to major national or regional gathering affected also.

Fourth, the longer “stay in place” continues and remains, the longer the adjustment back could be: “It ain’t happening quick and fast.”

Fifth, erratic fluctuations with precious metals will most likely drive out hobby participants, particularly those whose objective is an investment and return quick returns.

Michael S. Turrini
Vallejo, Cal.

 

It will take time to sort itself out but I think the future will be strong. There will be those, and we’re seeing it, who will regret having sold pieces/collections off for a few quick bucks! The best thing right now is to use the time to learn and develop an even greater appreciation for this hobby!

Gary Double
via Facebook

 

It’s going to slow down a little but prices may increase. Soon thereafter, there will come surges for silver and gold.

Eldine Ayoubi
via Facebook

 

Boy, who wouldn’t like a crystal ball just about now.

Mitch Ernst
via Facebook

The post Community Voice Response: May 12, 2020 appeared first on Numismatic News.

Comments

Post a Comment

Popular posts from this blog

Gold goes digital: Dillon Gage introduces DGGold future of direct physical gold ownership, now available to investors

Addison, Texas (August 15, 2018) —  Dillon Gage Metals , one of the world’s largest precious metals wholesale firms and technology innovators in the industry, recently launched its first Digital Metals product: DGGold. This product is the first of its kind to be offered to the retail public through Dillon Gage’s growing precious metals dealer network. It is eligible for purchase on their proprietary online trading platform, FizTrade. DGGold, which utilizes VaultChain Gold powered by Tradewind, delivers an unprecedented method of direct gold ownership to the investment community, expanding on Dillon Gage’s already impressive lineup of product and service offerings. “I am excited to introduce Dillon Gage Metals’ newest product to the individual investor and individual retirement account investment community,” said Mark Furmanek, chief operating officer at Dillon Gage Metals. “DGGold brings an investment product, previously dominated by large institutions and bullion banks...
Post a Comment
Read more

Royal Mint Partners with NGC to Offer Certified UK Coins

The Royal Mint, the official mint of the United Kingdom, has partnered with Numismatic Guaranty Corporation (NGC), the world's largest third-party coin grading service. For the first time, The Royal... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Post a Comment
Read more

Letters to the Editor: Nov. 12, 2019

War in the Pacific ‘W’ Mintmark I was in the self-checkout at Walmart four weeks ago here in Mt. Vernon, Ill., and received a little bit of loose change for my purchase. I didn’t check it until I got home and was very surprised to find a War in the Pacific with a “W” mintmark. I’m just wondering if it’s something that I should send in to one of the grading companies. In other words, would it be worth more later on by doing so? I understand that it’ll cost at least   $30.00 to do so and also heard that “in the raw” is only worth maybe $25. I   hope to hear a reply. Name and address withheld   In Response to Richard Giedroyc’s Commentary I politely disagree with erudite and longtime numismatic colleague, Richard Giedroyc, whose Numismatic News story, “Get Rich” Promotion Wrong Angle for Healthy Market Growth,” was critical of a recent CNBC story entitled, “People have been making up to $100,000 off ‘coin hunting.’” He doesn’t think the hobby will benefit with an a...
Post a Comment
Read more