Coin Collecting Market Scope
The act of collecting things for the sake of gathering is nearly universal in human history. According to psychological research, it is intimately related to the development of the self as well as relationships with the environment and other people. Participation in coin collection as a social action contains numerous intriguing elements, including characteristics of search and retrieval (both physical and informational). Coin collection is done as a pastime or for profit. Collectors often want to acquire coins that were only used for a short period of time in the past. The study of coins and other kinds of cash is known as numismatics.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | The United States Mint (United States), Professional Coin Grading Services (PCGS) (United States), NGC (Numismatic Guarantee Corporation) (United States), Great Collections (United States), American Numismatic Association (ANA) (United States), Heritage Auctions (United States), Newman Numismatic Portal (United States), NumisBids, LLC (United States), Indian Coins & Currency Group (ICCG) (India) and Great American Coin Company (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Coin Collecting market throughout the predicted period.
The United States Mint (United States), Professional Coin Grading Services (PCGS) (United States), NGC (Numismatic Guarantee Corporation) (United States), Great Collections (United States), American Numismatic Association (ANA) (United States), Heritage Auctions (United States), Newman Numismatic Portal (United States), NumisBids, LLC (United States), Indian Coins & Currency Group (ICCG) (India) and Great American Coin Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Mint of Finland (Finland), Mount Vernon Coin Company (United States), Littleton Coin Company, Inc. (United States), Stacks-Bowers Numismatics, LLC (United States) and Collectors Universe Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Coin Collecting market by Type and Region with country level break-up.
On the basis of geography, the market of Coin Collecting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 27th January, 2021 – Mint of Finland Launched its New Collection Application “Coiniverse” for Global Coin Collecting Community. Coiniverse Offers State-of-Art Features like Coin Scanning, Recognition and Registering, And Digital Coin Collection Management and is Available for Both Android and IOS Users
Influencing Trend:
Growing Financial Awareness and Emergence of Online Applications to Trade Collectibles
Market Growth Drivers:
Rising Disposable Income and Increasing Investment in Collectibles and Valuables
Challenges:
Market Penetration Across New Regions and Fierce Competitive Pressure
Restraints:
High-Cost Expenses and Presence of Counterfeit Products
Opportunities:
Increasing Demand Across European Regions
Key Target Audience
Coin Collecting Solution Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others