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Exciting Trends and Cautionary Tales from the Orlando FUN Show

By Silvano DiGenova, CEO Tangible Investments

“During the convention, it became evident that many collectors, in their eagerness to purchase coins, had overlooked the importance of seeking advice from seasoned professionals with credible credentials, and ended up with low-end or problem coins.”

Having been in the business of numismatics for over 40 years, the start of a new year often brings me marked anticipation for the Florida United Numismatists (FUN) Convention. The 69th show, held in Orlando, lived up to its reputation, offering a vibrant and engaging venue for experienced coin enthusiasts, collectors, and investors to congregate. It was a gathering that not only celebrated our collective passion for numismatics but also provided a window into the emerging trends and currents shaping our field. The enthusiasm and high attendance this year reflected the resiliency and ongoing appeal of numismatics.

There was robust discussion and a palpable bullish outlook amongst attendees about the state of precious metals. The traditional view of precious metals as safe-haven assets, offering protection against inflation and economic uncertainties was reinforced in consensus, underpinned by the reality of where gold is currently: trading above $2,000/oz. The last time gold traded at these prices was during the height of the COVID pandemic and during the latter part of last decade’s financial crisis.

Silvano Degenova Portrait

The convention also highlighted a significant trend in the demand for premium-graded coins, especially those certified by CAC. This preference underscores a maturing market that values precision and reliability in grading. Coins graded by CAC represent the pinnacle of quality, and their high demand at the show is a clear indicator of the discerning taste of modern collectors.

An intriguing development I noticed was the shift in collector behavior. Many attendees were looking to elevate their collections by trading in their volume of low to mid-range coins for higher-end, more valuable pieces. This trend reflects a strategic approach to numismatics, where collectors view their holdings not just as a hobby but as an appreciating asset with long-term potential. It’s a prudent move, signaling a deeper understanding of the intrinsic value of rare coins.

However, this shift also brings to light a crucial aspect of collecting – the need for expert consultation. During the convention, it became evident that many collectors, in their eagerness to purchase coins, had overlooked the importance of seeking advice from seasoned professionals with credible credentials, like those from the Professional Numismatists Guild.  As a result, these collectors ended up with low-end or problem coins. I encountered several cases where collectors brought coins that were either improperly graded or certified by bogus grading companies. This is a concerning trend, as it opens the door to fraud and financial loss.

Moreover, the presence of coins sold by telemarketing firms to uninformed collectors further highlighted the need for education and expert guidance in our community. These companies often take advantage of the naivety of collectors, underscoring the importance of doing due diligence before any significant acquisition.

The 69th Florida United Numismatists Convention was not only a celebration of our shared passion but also a learning experience. It reinforced the significance of precious metals and the value of premium grading. Most importantly, it highlighted the critical need for education and expert guidance in our community. As we continue to delve deeper into the world of numismatics, let us do so with knowledge, expertise, and a keen eye for the treasures that history has bestowed upon us.

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