Wednesday, October 26, 2016

I made a mistake!

In the post Is numismatics in danger? I made a reference to a 2016 Silver Eagle costing $53.95 when purchased from the U.S, Mint and $21.19 when purchased from an online coin shop. Like a moron, I was comparing a Proof ASE to a regular strike ASE. That's what I get for hurrying. I have removed that part of the post. Sorry for the mistake!

The REAL price difference between the U.S. Mint and an online coin shop for SIMILAR products (2016 ASE Proof) is:

U.S. Mint - $53.95
Online Coin Shop - $55.99

The U.S. Mint price is clearly better.

Tuesday, October 25, 2016

Is numismatics in danger?

I have seen a statistic making the rounds on social media; it says the average ANA member is in their mid-sixties. I have also seen extensive coverage on the U.S. Mint's Invigorating the Coin Collecting Hobby - Numismatic Forum. Both of these topics address the same problem: How to get more and younger people interested in numismatics.

My mind dwelt on this subject for about a week. I was trying to figure out how to bring younger people into numismatics, thus dropping the average age of ANA members and invigorating the hobby. I considered coin collecting apps, better social media engagement, and a recent acquaintance had recommended taking to the schools to use coins as teaching tools. It wasn't until last night, when I finally reached a level of supreme frustration, that I asked myself a question that flipped the situation on its head.

Is there really a problem?

From what I have read, two metrics were used to measure the current state of numismatics. One is the average age of ANA members. The other is the number of active customers the U.S. Mint has.

Absorb that for a moment. I'll wait...

Thursday, October 13, 2016

An Interview with Daniel Malone - Founder of CoinHELP!

I have known Daniel Malone since around the same time I created He has created an informative numismatic website and a supportive and factual coin collecting group on Facebook (links to both below).

Can you give us a summary of your time as a numismatist?

I don't remember when I wasn't involved in numismatics. My dad and grandpa both were long time dealers well before I was born. My first memory of holding a Morgan Dollar was at the age of three; my dad showed me how to hold it by the edge. I have always been fascinated with coins and collectibles because of growing up in the business.

Saturday, October 1, 2016

Whoever Figures Out Computerized Grading Will Be the Google of Numismatics

Is the numismatic world ready for computerized grading?

For the past three decades we've relied on the opinions of others to evaluate and authenticate our coins. Are we ready to turn away from human opinions in favor of computer analytics? Most people don't like change, let alone embrace it. So, I would like to remind you of the baggage that comes along with human grading. Two pieces of luggage, really.