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

• Coin grading tools
• Magnifying glasses
• Digital scales
• Calipers
• Loupes
• Coin holders and albums
• Display cases
• Cleaning solutions and tools
• Protective gloves
• Price guides

Common products and services typical of NAICS Code 455219-56, illustrating the main business activities and contributions to the market.

• Rare coins
• Bullion coins and bars
• Commemorative coins
• Foreign coins
• Ancient coins
• Proof sets
• Coin collecting supplies
• Educational materials
• Coin grading services
• Coin auctions

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 and has been graded by a professional. NGC is a trusted organization in the coin collecting industry.
• Professional Coin Grading Service (PCGS) Certification: PCGS is another third-party coin grading service that provides certification for coins. PCGS certification ensures that the coin is authentic and has been graded by a professional. PCGS is a trusted organization in the coin collecting industry.
• American Numismatic Association (ANA) Certification: ANA provides certification for coin dealers and numismatists. ANA certification ensures that the dealer or numismatist has a certain level of knowledge and expertise in the field.
• Professional Numismatists Guild (PNG) Certification: PNG provides certification for coin dealers. PNG certification ensures that the dealer is reputable and adheres to a strict code of ethics.
• United States Mint Authorized Purchaser: Being an authorized purchaser from the United States Mint allows a dealer to purchase coins directly from the mint. This certification ensures that the dealer is reputable and has a certain level of knowledge and expertise in the field.

A concise historical narrative of NAICS Code 455219-56 covering global milestones and recent developments within the United States.

• The history of the Coin Dealers Supplies & Etc (Retail) industry dates back to ancient times when coins were first used as a medium of exchange. The first coins were made of electrum, a naturally occurring alloy of gold and silver, and were used in Lydia, a kingdom in Asia Minor, around 600 BCE. The first coins made of pure gold and silver were minted in the 6th century BCE in Greece. The first coin dealers appeared in the 14th century in Italy, where they traded coins from ancient Rome and Greece. In the United States, the industry started to develop in the late 19th century, when coin collecting became a popular hobby. The first coin dealers in the US were located in New York City and specialized in rare coins. In the 20th century, the industry expanded to include other collectibles, such as stamps, sports memorabilia, and antiques. In recent history, the Coin Dealers Supplies & Etc (Retail) industry in the United States has faced several challenges. The rise of online marketplaces has made it easier for collectors to buy and sell coins and other collectibles without the need for physical stores. The industry has also been affected by the decline in interest in coin collecting among younger generations. However, the industry has adapted to these challenges by offering a wider range of products and services, such as appraisals, grading, and authentication. The industry has also embraced technology, with many dealers offering online sales and auctions. Despite these challenges, the industry remains a vibrant and important part of the retail sector in the United States.

The anticipated future trajectory of the NAICS 455219-56 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 & Etc (Retail) industry in the USA is positive. The industry is expected to continue growing due to the increasing popularity of coin collecting as a hobby and investment. The rise of online marketplaces has made it easier for collectors to find and purchase rare coins, which has increased demand for coin dealers. Additionally, the industry is expected to benefit from the growing interest in precious metals as a hedge against inflation and economic uncertainty. However, the industry may face challenges from the increasing use of digital currencies, which could reduce demand for physical coins and bullion. Overall, the industry is expected to continue growing in the coming years, albeit at a slower pace than in the past.

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

• The use of blockchain technology to authenticate and track the ownership of rare coins and other collectibles.
• The development of new grading standards and technologies that allow for more accurate and consistent grading of coins.
• The increasing use of online marketplaces and auction sites to buy and sell coins, which has made it easier for collectors to find rare coins and has increased competition among dealers.
• The growing popularity of precious metals IRAs, which allow investors to hold physical gold, silver, and other metals in their retirement accounts.
• The increasing use of social media and online forums to connect collectors and dealers and share information about coins and other collectibles.