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Finds can happen in mundane places…
Since coin collecting first began in America in the 19th century, it always existed outside of the mainstream.It is arguable that the bullion market is in rebuke of this, but investment or otherwise collection of bullion is not collecting coins, but bullion that just so happens to take the form of coins.
"Why do people have such a blind trust in these companies?" When speculators, investors, and various new numismatists become involved in buying and selling of coins, certified specimens are an attractive draw. Speculators and investors, particularly if they are new to the numismatic industry, generally see certified coins as selling well, along with being highly marketable because of the grade guarantee, and naturally purchase them. Additionally, ‘slabs’ are easier to sell, because the grade, for the most part, is set in stone, at least to a further extent then a uncertified ‘raw’ coin. New hobbyists, being inexperienced, see certified coins as being a safer buy, with far less risk of over-grading or faking. These people, along with other numismatists, have a blind trust in third-party grading companies because by almost everyone these companies are considered unbiased, as opposed to the seller or buyer and trustworthy simply because they have small benefit for being dishonest. Over time, it became more and more common for many to see the grade, see the company, and move right on to the price-haggling. For many, the name and the grade became all that were needed to make the click on "Purchase". For many, blindly trusting a third-party grading company became a natural thing. "Why do people have such a blind trust in these companies?" Because for many, the question, if any were asked, was, "Why not?"
This is part one of a two-part blog
(yes, the cover-photo is just to grab your attention)
In third place, the dollar-coin!
This is part one of a two-part blog(no, this is not the American Coin of the Decade Series, it merely is a ranking of the coins specifically of 2019)
A great numismatic place to visit(especially if the ANA's shows and museum are normally too far away to be practical) is a United States Mint facility. Recently, I visited the Philadelphia mint with my family. Granted, I probably enjoyed it the most being the numismatist of the immediate family, but for the majority it was a great experience. Now I shall endeavor to walk you through our trip through the three-floored visitable area of the facility.
This is the final blog in an eleven part series
It is time again for another, "LWH 'Insider' Tips". Hopefully, that sentence was not followed by a groan for numerous people. Regardless, back on topic, today's 'tips' will be on what I have dubbed, "The YN Edition". The ANA runs a very in depth, extensive, and overall fantastic YN(young numismatist) program. It takes numerous people performing their jobs, and performing them well. In the case that you are a YN member(ANA member aged 17 or younger), you should certainly take part in the ANA's yn program. Before moving on to the tips section, please note that in this particular 'tip' blog, the tips may include or be explanations of various activities. They are included as seen fit(by me). Also please note, these tips will be mainly concerning the YN activities involving YN dollars and YN auctions, but these are not the only YN activities the ANA has, for instance, "coins for A's" is another activity for YN's. Having settled that, time for the 'tips'!
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