NumisMaster Logo
Home
Register
Sign In
Free Newsletter

Collector Info
In Print
Site Map

'I'm a Numismatist and I Cannot Lie'
January 28, 2010

The Royal Canadian Mint hosted a reception yesterday. It was an event where all of the attendees could relax a little and have conversations with their counterparts around the world. It was pretty standard fare until a special performance was given by four of the mint's employees. Trish Santos, Manon LaPlante, Ian Graham and Jocelyn Desy wrote their own numismatic industry lyrics to an old rap song and then presented the result on stage dressed in clothing from the 'hood. The audience ate it up. It was great fun to watch them bust a few moves.

Individuals I talked to expressed optimism about the market for new coins. Of course, mints trying to sell coins to collectors always have to be optimists.

The major increases in the bullion coin market have had their effect on collector buying attitudes. Bullion coins generally have very low markups over bullion value. Buyers have every incentive to buy their precious metals in the cheapest fashion possible. This cost consciousness is apparently spilling over into collectible purchases. Mints have to watch their pricing points very closely.

For a U.S. collector, new world issues always seem expensive. The U.S. Mint pricing spoils them. Where the U.S. Mint might want a 35 percent markup for something, world mints routinely take double bullion value for their collectible offerings.

Today is officially the set-up day for the show, but so many meetings are scheduled in the conference rooms all week that it is fair to ask whether the official start isn't just icing on the cake.

Add to: del.icio.us   digg
With this blog: Email to friend   Print



Something to add? Notice an error? Comment on this blog.
  


About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

Search this Blog
Email Updates
Email me a message when a new post is added!
RSS Feed
More Links
Numismatic News
 



About Us | Contact Us | Privacy | Your data is secure
©2014 F+W Publications, Inc., Iola, Wisconsin. All rights reserved.