NAICS Code 459420-05 - Collectibles (Retail)
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NAICS Code 459420-05 Description (8-Digit)
Hierarchy Navigation for NAICS Code 459420-05
Parent Code (less specific)
Tools
Tools commonly used in the Collectibles (Retail) industry for day-to-day tasks and operations.
- Magnifying glass
- UV light
- Coin grading scale
- Stamp tongs
- Acid-free storage materials
- Microfiber cleaning cloth
- Digital caliper
- Loupe
- Reference books and catalogs
- Protective gloves
Industry Examples of Collectibles (Retail)
Common products and services typical of NAICS Code 459420-05, illustrating the main business activities and contributions to the market.
- Sports memorabilia
- Antique toys
- Rare coins
- Stamps
- Figurines
- Vintage posters
- Autographs
- Comic books
- Movie props
- Trading cards
Certifications, Compliance and Licenses for NAICS Code 459420-05 - Collectibles (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Certified Collectibles Dealer (CCD): A certification provided by the Professional Numismatists Guild (PNG) for dealers of rare coins, paper money, and precious metals. The certification ensures that the dealer has a good reputation, knowledge, and experience in the field. [source]
- Certified Sports Memorabilia Dealer (CSMD): A certification provided by the Professional Sports Authenticator (PSA) for dealers of sports memorabilia. The certification ensures that the dealer has a good reputation, knowledge, and experience in the field. [source]
- Antique Dealer License: A license required by some states for dealers of antiques. The license ensures that the dealer is knowledgeable about antiques and follows the state's regulations. [source]
- Sales Tax Permit: A permit required by all retailers in the US to collect sales tax from customers. The permit is issued by the state's tax authority. [source]
- Business License: A license required by all businesses in the US to operate legally. The license is issued by the city or county where the business is located. [source]
History
A concise historical narrative of NAICS Code 459420-05 covering global milestones and recent developments within the United States.
- The "Collectibles (Retail)" industry has a long history dating back to ancient times when people collected items such as coins, stamps, and art. In the 19th century, the hobby of collecting became more widespread, and people began collecting items such as books, postcards, and toys. The industry grew rapidly in the 20th century, with the introduction of new collectibles such as sports memorabilia, comic books, and action figures. In recent years, the industry has seen a shift towards more niche and specialized collectibles, such as limited edition figurines and rare vinyl records. In the United States, the industry has been heavily influenced by popular culture, with collectibles related to movies, TV shows, and video games becoming increasingly popular.
Future Outlook for Collectibles (Retail)
The anticipated future trajectory of the NAICS 459420-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Collectibles (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for collectibles among consumers. The rise of e-commerce has made it easier for consumers to purchase collectibles online, which has contributed to the growth of the industry. Additionally, the increasing popularity of pop culture and nostalgia has also driven demand for collectibles. However, the industry may face challenges due to the COVID-19 pandemic, which has disrupted supply chains and caused economic uncertainty. Overall, the industry is expected to continue growing in the coming years, albeit at a slower pace due to the pandemic.
Industry Innovations for NAICS Code 459420-05
Recent groundbreaking advancements and milestones in the Collectibles (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Pop-Up Shops: Many collectibles retailers have started opening pop-up shops in malls and other high-traffic areas to reach more customers and generate buzz for their products.
- Limited Edition Releases: Collectibles companies have started releasing limited edition versions of their products to create scarcity and drive up demand among collectors.
- Virtual Events: With the COVID-19 pandemic limiting in-person events, many collectibles companies have started hosting virtual events to showcase their products and connect with customers.
- Subscription Services: Some collectibles companies have started offering subscription services that deliver new products to customers on a regular basis, creating a steady stream of revenue and building customer loyalty.
- Nfts: Non-fungible tokens (NFTs) have emerged as a new way for collectors to buy and sell digital collectibles, such as artwork and trading cards. Some collectibles companies have started exploring the use of NFTs to create new revenue streams and reach new audiences.
NAICS Code 459420-05 - Collectibles (Retail)
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