Tools commonly used in the Coin Dealers Supplies (Wholesale) industry for day-to-day tasks and operations.

• Coin albums
• Coin holders
• Display cases
• Magnifiers
• Coin scales
• Coin flips
• Loupes
• Coin tubes
• Coin cleaning solutions
• Coin storage boxes

Common products and services typical of NAICS Code 423940-04, illustrating the main business activities and contributions to the market.

• Coin albums and holders
• Coin display cases
• Coin magnifiers and loupes
• Coin cleaning supplies
• Coin storage boxes
• Coin tubes and rolls
• Coin scales and calipers
• Coin flips and envelopes
• Coin collecting software
• Coin grading supplies

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Numismatic Guaranty Corporation (NGC) Certification: NGC is a third-party coin grading service that provides certification for coins. NGC certification ensures that the coin is authentic, has been graded by a professional, and is in the condition stated on the label. NGC is a member of the Certified Collectibles Group (CCG) and is recognized as a leading coin grading service worldwide.
• Professional Coin Grading Service (PCGS) Certification: PCGS is a third-party coin grading service that provides certification for coins. PCGS certification ensures that the coin is authentic, has been graded by a professional, and is in the condition stated on the label. PCGS is a member of the Certified Collectibles Group (CCG) and is recognized as a leading coin grading service worldwide.
• American Numismatic Association (ANA) Certification: ANA is a non-profit organization that promotes the study and collection of coins, paper money, tokens, and medals. ANA offers a certification program for numismatists, which includes courses and exams on various aspects of coin collecting and grading. ANA certification is recognized as a standard of excellence in the numismatic industry.
• Professional Numismatists Guild (PNG) Membership: PNG is a non-profit organization that promotes ethical standards in the coin collecting industry. PNG members are required to adhere to a strict code of ethics and are recognized as experts in the field of numismatics. PNG membership is a mark of professionalism and integrity in the coin collecting industry.
• Anti-Money Laundering (AML) Compliance: AML compliance is required by law for all businesses that deal with large amounts of cash or high-value items, such as coins and precious metals. AML compliance programs are designed to prevent money laundering and terrorist financing by identifying and reporting suspicious activity. AML compliance is regulated by the Financial Crimes Enforcement Network (FinCEN) in the US.

A concise historical narrative of NAICS Code 423940-04 covering global milestones and recent developments within the United States.

• The "Coin Dealers Supplies (Wholesale)" industry has a long and rich history worldwide. The first coins were minted in the 7th century BC in Lydia, which is now modern-day Turkey. The first coin dealers appeared in ancient Greece and Rome, where they traded coins as a commodity. During the Middle Ages, coin dealers were also money changers, and they played a crucial role in the development of international trade. In the 19th century, coin collecting became a popular hobby, and the first coin clubs were established. The first coin auction was held in 1857 in Leipzig, Germany. In the United States, the American Numismatic Society was founded in 1858, and the first coin show was held in 1962 in Detroit. In recent years, the "Coin Dealers Supplies (Wholesale)" industry has been impacted by the rise of online marketplaces, which have made it easier for collectors to buy and sell coins. The industry has also been affected by the increasing popularity of cryptocurrencies, which some experts believe could replace traditional coins as a means of exchange in the future.

The anticipated future trajectory of the NAICS 423940-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Coin Dealers Supplies (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for precious metals and stones. The rise in disposable income and the growing popularity of investing in precious metals and coins are expected to drive the growth of the industry. Additionally, the increasing use of e-commerce platforms for buying and selling coins and precious metals is expected to boost the industry's growth. However, the industry may face challenges due to the volatility of the precious metals market and the increasing competition from online retailers.

Recent groundbreaking advancements and milestones in the Coin Dealers Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• The use of blockchain technology to authenticate the origin and ownership of coins and precious metals.
• The development of mobile apps that allow customers to buy and sell coins and precious metals online.
• The use of artificial intelligence and machine learning to predict market trends and optimize inventory management.
• The adoption of sustainable and eco-friendly packaging materials for shipping coins and precious metals.
• The introduction of new payment methods such as cryptocurrency and digital wallets for buying and selling coins and precious metals.