As 2020 rages to a close, the damage on the numismatic world will carry over in 2021. This week, the American Numismatic Association announced the National Money Show’s cancellation scheduled for March in Phoenix. Earlier in the week, the February Long Beach Expo was canceled.
Previously, the January Florida United Numismatists (FUN) Show and the New York International Numismatic Convention. The Berlin Money Fair has canceled in-person events and will offer a virtual convention.
The U.S. Mint canceled coin launch ceremonies for the 2020 and 2021 America the Beautiful Quarters and American Innovation Dollars. Most are now virtual events.
The numismatic market appears strong based on the prices realized by the auction companies. With every auction company moving their auction online, many report better than expected returns from their auctions. Online auction services like eBay and HiBid report strong sales of numismatics across their platforms. Finally, the U.S. Mint is also boasting of enthusiastic demand, even with its online ordering system’s failures.
Other areas that are showing significant interest are where numismatics are including as part of other hobbies. The most significant growth is with the mints that are producing coins supporting the comic book industry. Some overseas observers report that sales of comic-themed coins produced by the New Zealand and Royal Australian Mints have shown increased sales as part of the holiday shopping season.
The numismatic industry appears to be doing very well. Too bad the numismatic organizations have not figured out a way to reinvent themselves to adapt to the current environment.
And now the news…