Post
Topic
Board Bitcoin Discussion
Re: Do you think Numismatists hate Bitcoin?
by
Kakmakr
on 06/09/2018, 07:16:12 UTC
Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.

Source : https://en.wikipedia.org/wiki/Numismatics

If you look at the underlined part of the definition of Numismatics, then you should not hate Bitcoin or Crypto currencies. Do you think they classify Bitcoin/Crypto currencies as a payment media?

Do they prefer physical objects over digital payment media? If there are any Numismatists out there, please give your opinion on this subject, because I am very curious where you stand on this. I am a coin collector and I love all forms of payment media.

Share your thoughts please.  Wink

Numismatists will debate this until they're blue in the face, but generally PCGS and NGC are equally accepted in the marketplace. It's akin to the Canon vs. Nikon debate among photographers. Usually people just like one over the other, or they have too much invested with one brand to make switching cost-effective (think camera lenses or registry sets). World coins are where they start to separate. In my experience, NGC's attributions are more accurate, but sometimes still egregiously wrong. One coin came back without a single piece of information (Country, date, or denomination) correct. They also differ in the exact types of coins they certify. If you collect some esoteric things, there might only be only one grading service that certifies that type.

Interesting observation. I am currently buying some graded coins from a local ecommerce site and a lot of the deals are being done with Bitcoin payments. So, these collectors does not care how you pay for the coins, they just want to get more money to buy better and more valuable coins.

The reason why I buy old coins now, is to lock in some of the value of my wealth, because I feel that I am currently too invested in Crypto currencies and that I need to diversify a bit.    Wink