NAICS Code 423940-04 - Coin Dealers Supplies (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423940-04 Description (8-Digit)

Coin Dealers Supplies (Wholesale) is a subdivision of the NAICS Code 423940 that involves the wholesale distribution of supplies and equipment used in the coin collecting and numismatics industry. This industry is responsible for providing coin dealers with the necessary tools and materials to properly handle, store, and display coins and other collectible items. Coin Dealers Supplies (Wholesale) companies offer a wide range of products, including coin albums, holders, display cases, magnifiers, and other specialized equipment.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423940 page

Tools

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

Industry Examples of Coin Dealers Supplies (Wholesale)

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

History

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.