Weekly World Numismatic News for December 20, 2020

Dec 20, 2020 | markets, news, shows | 3 comments

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…

Gardeners Unearth Coins Inscribed With Initials of Henry VIII's First Three Wives
 December 11, 2020
 → Read more at smithsonianmag.com
Traditional games chosen as theme for commemorative €2 coin – Newsbook
 December 11, 2020
A design by student Ymen Riahi, who attends St Nicholas Middle School in Rabat, was chosen for the last of a series of five €2 coins from the ‘From Children in Solidarity’ programme. The €2 commemorative coin will be issued on 14 December 2020 by the Central Bank of Malta.  → Read more at newsbook.com.mt
From Gold Coins to Medieval Antiquities, Treasure Hunters Have Discovered 47,000 Artifacts in the UK During Lockdown
 December 14, 2020
Life as we know it may have ground to a halt in 2020, but treasure hunters appear to be going about business as usual. Witness the UK, where amateur archeologists have turned up thousands of gold coins and other antiquities since the start of the pandemic.  → Read more at robbreport.com
Say goodbye to notes and coins: How Covid is bringing an end to cash in Ireland
 December 14, 2020
Half of all consumers believe that cash should be withdrawn from circulation in the next 10 years.  → Read more at irishexaminer.com
5 years and counting: Ex-treasure hunter still stuck in federal prison
 December 15, 2020
COLUMBUS, Ohio (AP) — A former deep-sea treasure hunter is about to mark his fifth year in jail for refusing to disclose the whereabouts of 500 missing coins made from gold found in an historic shipwreck.  → Read more at timesleaderonline.com
Possible break in theft of Canadian gold coin in Germany
 December 16, 2020
Berlin police raided homes and jewelry shops Wednesday on suspicion they could be connected to efforts to fence a massive 100-kilogram Canadian gold coin — piece by piece — that was stolen from a museum in the German capital.  → Read more at ctvnews.ca
Coin Collectors News
news.coinsblog.ws
♦ 2020 PCGS Set Registry Awards Announced (Dec 17, 2020)
♦ February Long Beach Expo is Cancelled (Dec 15, 2020)
♦ PCGS Adds Three Leading Experts, Promotes Another (Dec 15, 2020)

 

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3 Comments

  1. Robert J. Graul on December 21, 2020 at 11:47 AM

    Scott

    I will make a prediction. Some of these shows fold. There is no going back to the Pre-Covid days. People won’t want to be in crowds like they have in the past. People are going to continue to shop on line more than they’ve done in the past.

    Add that up and what do you get? Less people at shows. So, there will be less shows.

    Sincerely

    Bob

    • scott on December 21, 2020 at 12:28 PM

      I don’t see some of these shows going away. I see a reduction of shows and becoming more of an event. For example, I see Long Beach and Whitman Baltimore cutting shows. But others, like PAN, Central States, NYINC, FUN, WFM, etc. surviving.

    • Robert J. Graul on December 21, 2020 at 6:55 PM

      I agree with you. I was trying to be brief.

      Some shows should consider merging with another show and have a combined show.

      Sincerely

      Bob

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