Coin Collecting Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Coin Collecting Market: Introduction

• Coin collecting is pursued as a hobby or for business purposes. Collectors usually prefer collecting coins which were used for a brief time in the past. The study of coins and other forms of currency is known as numismatics.
• Coin collection not only offers a glimpse of the past but also helps many to make money. Increase in disposable income and interest in collecting historic items has resulted in the rising sales of coins around the globe.

Key Drivers and Opportunities of the Global Coin Collecting Market

• Coin collection is considered to be a popular activity since historic times. Ancient coins are presented as a gift even today. In recent times, coin collection is no longer just a hobby but also an investment. Return on investment depends on the demand and rarity of the coin. Rare coins are not just limited to museums but are available at various shops. Coins shed light on a country’s past and its market size is increasing with each passing year.
• Coin collection for business purposes involves coins of rare metals. Coin hoarders collect such coins in abundance and hold them until the demand is high. To narrow the focus, the collector usually focuses on a particular period or nation and gathers the coins. Some collectors look for error coins and artistic coins, while some collect them all in general.
• Counterfeiting of coins is a threat that the coin market faces. Many individuals who actively collect coins as a hobby and are not much aware of numismatics may end up purchasing the coin for a higher price.  Registry sets which are responsible for checking the authenticity of the coins and to provide grading services state that coin collection has become a competitive activity with increase in number of traders.
• Increase in disposable income, coin events, coin shows, and numismatics educational institutes have further attracted more consumers. Improvement in the laws for coin trading are expected to create new opportunities.
• Considering all these factors, the global coin collecting market is expected to witness substantial growth during the forecast period.

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Europe to Lead the Global Coin Collecting Market

• Geographically, the global coin collecting market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
• The market in Europe is anticipated to grow at a rapid pace during the forecast period. Increase in demand for periodic coins is a major factor expected to drive the coin collecting market in the region. Asia Pacific is also expected to witness substantial growth in the market during the forecast period.
• The global coin collecting market is competitive due to the presence of a large number of global and regional collectors. Registry sets are focusing on increasing awareness about counterfeit and authentic products.

Key Companies Operating in the Global Coin Collecting Market

Leading players operating in the global coin collecting market are listed below:

• The United States Mint
• Professional Coin Grading Services (PCGS)
• NGC (Numismatic Guarantee Corporation)
• Great Collections
• American Numismatic Association (ANA)
• Heritage Auctions
• Newman Numismatic Portal
• NumisBids, LLC
• CoinNews
• Mint Errors
• Great American Coin Company
• Mount Vernon Coin Company

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Global Coin Collecting Market: Research Scope

Global Coin Collecting Market, by Type

• Hobbyist
• Investor

Global Coin Collecting Market, by Theme

• Country Collection
• Geo Political Collection
• Period Collection
• Variety Collection
• Others

Global Coin Collecting Market, by Coin Grading

• Uncirculated (60 – 70)
• Almost Uncirculated (50 – 58)
• Extremely Fine (40 - 45)
• Very Fine (20 – 35)
• Fine (12 - 15)
• Others (1 – 10)

Global Coin Collecting Market, by Distribution Channel

• Online
• E-commerce Portal
• Company-owned Portal
  • Offline
  • Specialty Stores

Global Coin Collecting Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

• North America
• Asia Pacific
• Europe
• Latin America
• The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.