Andrew Brunhart On the Popularity of Collecting Rare Coins

Download Andrew Brunhart On the Popularity of Collecting Rare Coins

Post on 30-Jul-2015

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1. HowBigisRareCoinCollectinginthe US? ByAndrewBrunhart December28,2013 Itsafunnythingthoseofuswhocollect rarecoinsandcurrency,whetherfora livingorasahobby,knowtheresmoney tobemade,buttherearentreallyany accessiblemetricsanywherethatwilltell youhowbigtheUSrarecoinmarketreally is.Thegovernmentdoesntcollectany numbersorissueanystatistics,theres nothinginthepapers,sowerepretty muchlefttohazardaguess. JeffGarretthasdonejustthatinarecent articleonCoinWeek.Herearesomeofhisestimates: Thereareover5,000coincompaniesinthecountry.Thisincludesallactive companies,bigandsmall. Atleast10ofthosecompaniesmakeannualsalesofover$100millionper year.ThisincludesHeritageAuctions(whichsellsover$500millioninrare coins),theProfessionalNumismaticGuild(whichhasover300members, eachmakinghugeprofits),andafewmassmarketingcompanies. Alltold,itssafetosaythattheUSrarecoinandcurrencymarketbringsin wellover$3billiondollarsannually. AsGarrettpointsout,itsgoodtoknowthesizeofanymarketyoureplanningon investinginbecauseyouwanttoknowhowmuchnewmoneymightbecomingin. ThegreatnewsismoreandmorebuyersseemtobejoiningtheUSmarketinrecent years,athomeandabroad.AstheUSeconomycontinuestorecoverfromthecrash, thestockmarket,homeprices,andconsumerconfidenceareallontheupandup. Andthosewithmoneyseemmorethanevertobeinterestedinrarecoinsand currency.Hereshopingthenumismaticsindustrycontinuestogrowthroughout 2014! AndrewBrunhartiscurrentlyleadingthestart-upofnewfunctionsfortheBureauof EngravingandPrintingfocusingonstrategicchange,portfolioandproject management,ordermanagementanddeliverysystems,andqualityassurance. Previously,AndrewBrunhartwasChiefOperatingOfficeroftheUnitedStatesMint 2. chargedwithleadingaturnaroundtobecomealearning,accountable,results- orientedorganization.Priortothisservice,hewasChiefExecutiveOfficerofthe WashingtonSuburbanSanitaryCommission(WSSC)inLaurel,Maryland,thenations eighthlargestcombinedwaterandwastewaterutilityserving2Mcitizensoftwo counties.Inthatcapacity,AndrewBrunhartledutility-wideturnaroundeffortsand guidedrevitalizationofEngineeringandCapitalPrograms($1.5B)proactively addressingWSSCsaginginfrastructurevia1,500employees.Duringhistenure,WSSC receivedrecognitionasoneoftheBestPlacestoWorkinMarylandforthree consecutiveyears.