Earlier this year we published an excerpt from a PAN Clarion interview with Lianna Spurrier, where she was asked for ideas about making coin collecting more attractive to young people. I liked her concept of making entry-level coins "a bit more glamorous" with nicer holders and labels.
Robin Danziger of wholesale supplier Educational Coin Company
published this note in an email earlier today promoting a product along similar lines - ungraded ancient coins in NGC slabs.
-Editor
By far the biggest surprise we have discovered over the last three years is the untapped demand for affordable roman coins in ungraded NGC holders for beginning collectors.
Only a very few of our partners have caught on to this secret. But those few have collectively sold tens of thousands of them so far. We watch their sales and continue to be astonished. They have found it is a great way to introduce ancients to would-be collectors that eventually learn more, became more serious and soon become buyers of bigger ticket ancients from them.
Who are these partners? Another surprise: most were formerly predominant sellers of bullion and U.S. material.
What we offer: In addition to our extensive offerings of high grade ancients, we currently supply dozens of these different low-grade, late-Roman-Empire rulers' bronze coins.
While such coins are not pretty by the standards of serious collectors, all have some reasonable detail. We jaded types are so used to nice coins, we tend to forget that the vast majority of amateur collectors EXPECT a 1700-year-old coin to look beat up, and we know that nothing improves the look of a coin, its presentability, or inspires buyer confidence more than a first class NGC holder.
Let's face it: for better or worse, whatever opinion you might have of "slabs", most American consumers have been trained to love and trust them. Best of all: the coins are guaranteed to be genuine antiquities, accurately attributed...and dirt cheap.
Well stated.
This seems well worth doing, particularly for clubs and smaller dealers who won't be promoting common coins as rare, investment-quality purchases.
What do readers think?
-Editor
To visit the EDC website, see:
https://www.educationalcoin.com/
To read the earlier E-Sylum article, see:
PAN CLARION INTERVIEWS LIANNA SPURRIER
(https://www.coinbooks.org/v24/esylum_v24n20a15.html)
Wayne Homren, Editor
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
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