The Numismatic Bibliomania Society

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V22 2019 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 22, Number 24, June 16, 2019, Article 22

WALMART OPENS ONLINE COIN DEPARTMENT

Coin shops were never as plentiful as coffee shops, diners or gas stations, but you didn't have to look far to find one in any city or town in America - even department stores had coin shops. As more and more business of all types moves online, we may be seeing the rebirth of the coin department. This Greysheet blog item from CDN Publishing (published June 14, 2019) notes a new coin section on the site of retail giant Walmart. -Editor

Walmart coin shop

It's no secret that retail giant, Wal-Mart, has been investing very heavily on its e-commerce department — waging a full-scale attack on Amazon and eBay. It's not surprising then to see them enter the numismatic fray as well. Tucked away in their "Jewelry" category, you'll find many modern world issues, proof sets, and other retail-friendly items. Are better date coins next? Currently, APMEX and SD Bullion offer items on the site. I expect we will see more in coming days, especially as this launch appears to coincide nicely with the rising bullion market.

Look close at the coin images. It's clear that these are generic photos and not images of the actual item you'll get. In place of the year on several items is a poorly Photoshopped "Random date" label. -Editor

Gold Buffalo random year Mexico 50 Pesos random year

Gold Eagle random year Capped Bust Dime random year

Franklin Half roll random date Washington quarter roll random date

2006 Proof set Silver statehood quarters roll random date

Byzantine gold solidus 2017 Queen Nefertiti

Of course, there's no folksy coin expert to tutor newbies, and the store is only for selling bullion and common coins - the public will have to look elsewhere for less common coins or to sell their late uncle's collection.

These mass-marketing selections are driven by what the seller is able to assemble in quantity, everything from junk silver to Byzantine gold solidi. The oddest thing I saw here was the roll of silver state quarters. -Editor

To read the complete article, see:
Wal-Mart Joins the Online Coin Market (http://blog.greysheet.com/wal-mart-joins-the-online-coin-market/)

To browse the Walmart Collectible Coins Department, see:
https://www.walmart.com/browse/precious-metals/collectible-coins/3891_4718514_9744854

Guth E-Sylum ad01 German Coins



Wayne Homren, Editor

Google
 
NBS (coinbooks.org) Web

The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

To subscribe go to: https://my.binhost.com/lists/listinfo/esylum

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V22 2019 INDEX       E-SYLUM ARCHIVE

Copyright © 1998 - 2024 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.

NBS Home Page
Contact the NBS webmaster
coin