About Meso Numismatics
Meso Numismatics was started in September of 2016 by a group of devoted coin collectors and currency seekers from the Mesoamerica area. (From Mexico to Panama). While we specialize in this area of the region, we also have inventory and clients from all over the world. Whether it’s a Costa Rican colon or a Zimbabwe dollar, we are able to obtain exactly what it is you are looking for.
The internet has become the perfect place for selling and buying numismatic related items at lower cost. Due to the vastness that is now the internet, the hobby of coin collecting has become large scale, due to the fact that any collector can visit e-commerce sites, exchange treasures with other collectors, find out all the news of the world of precious metals from their homes. Numismatics has long ago ceased to be an activity for amusement. It’s a business. Coin dealers need to know how to put value into coins and know how to distinguish good coins from bad coins, and of course counterfeits. All these skills require thousands of hours to perfect. That’s why building an ecommerece ‘storefront’ is the best way for Numismatists to connect all over the world.
The easiest way to get started is to add value to the coins through conservation and grading. The goal is to rate a 70, the highest rating available. 69’s will earn you a premium of around 50%, but could be a lot higher or lower depending on the coins you decide to deal in.
Current buying activity could easily grow gradually into a profitable business. $500 to $1500 per month, at a net profit of at least 10% to 20%, brings you a reasonable minimum profit of $50 to $300 per month. At the high end of that minimum, it means you’re buying one more coin ‘for free’ each month. So, your profits will compound on themselves, and you’ll grow very quickly. Within a year or so, you’ll have a useful second income.
Of course, that’s the minimum. If you get some 70 graded coins, or do a very good job of buying, your profits could grow much faster.
- Grading should only be done for coins that increase in value when graded. That usually means only grading the best or most valuable coins, especially when authenticity is a concern. We only deal in graded coins, and that’s the direction the entire worldwide coin market has been heading in for several decades.
- Collectors. Specifically, supply and demand. Supply is known as “rarity” in the coin market, and “demand” is known as “popularity”. Supply can take a while to disappear for newly issued coins, which is why sometimes coins with the same mintages have different value. People assume that age is what makes them valuable, but that is incorrect. Age usually provides the time for the supply to disappear in people’s collections, but by itself, age adds NO value whatsoever.
- Rarity and popularity. Design, mint, etc. can lead to popularity. And, there’s something I call the NGC effect that causes unpopular coins to become popular only because they become graded.
Collect a Little Piece of Economic History
People have been using coins for currency for thousands of years. The first coins date back to ancient Egypt in 650 B.C., so it’s no wonder old coins draw so much interest. Coins are among the most popular collectors’ items on auction websites and in the collecting world overall. Both amateur and experienced collectors are sure to find a fascinating array of coins, from Buffalo nickels to Silver Eagle coins to Peace Dollars, on the Internet.
Shop for Bullion Coins
Because they are expensive to produce and popular among coin collecting connoisseurs, bullion coins usually come at a premium price.
Hunt Down Rare Coins
The internet and auction houses make it easy to find exactly what you’re looking for, so you won’t have to check multiple coin shops for those hard-to-get pieces. The rarer the coin, the higher the value. Famous rare coins can sell for millions of dollars.
Discover a Unique Error Coin
Error coins are coins with mint mistakes—but those mistakes only increase their value among collectors. Because they are so scarce, error coins are highly sought after.
Build Your Exonumia Collection
Exonumia coins are coins that were never issued by a government for currency. These include commemorative coins, challenge coins, thematic coins, reproduction coins, proof coins, casino chips, bimetallic coins, metals and tokens. As they slip into collections, old coins are becoming scarcer, making them a hotter commodity than ever among collectors. Whether you’re a new collector with an interest in Canadian and U.S. coins or an experienced expert looking for a specific silver coin.
Why online? The future of coin stores vs the Internet
A coin store can serve a niche market in coin collecting – say, by focusing on Seated Liberty coinage – and expand both its customer base and national presence.
Going back to the 1960s and 1970s, it was not unusual for a coin shop to be humming on weekends, especially with visits by children.
Then, even before the advent of the Internet the number of children shopping at coin shops fell sharply over the decades. For a time, coin shops that also handled sports cards drew in young customers, but even that market has diminished. The decline of in-store traffic continued when digital photography and scanners made it possible to post high-resolution pictures of merchandise offered for sale on the Internet.
The Internet also brought two other kinds of competition to the brick-and-mortar coin dealers.
First, the United States Mint and other world Mints could be easily found online so that purchasers could purchase directly from the source rather from a local dealer.
Second, the development of online auction sites made it possible for just about anyone to post coins and paper money for sale to a global audience, cutting out the brick-and-mortar coin shop middleman.
The expansion of online competition for once loyal customers of local coin shops squeezed profit margins all around. Sales of expensive coin supplies such as large catalogs have declined at coin shops as
1) online sellers discount prices by more than the shipping costs, and
2) general book stores have expanded their selection of numismatic reference books.
Fifty years ago, a high percentage of coin shops also handled stamps. Unfortunately, the philatelic hobby started to decline right after the 1980 market peak. Existing collectors have been dying and are not being replaced by today’s youngsters who prefer playing video games. Brick-and-mortar stamp shops have almost all disappeared over the past 35 years.
The coin shops are doomed to disappear in the not-too-distant future. Others said that they were holding steady because of the online sales volume they had developed. There was a basic agreement that the number of children numismatists had declined significantly from the days when many dealers were themselves children. A couple dealers were in the process of moving, or had recently relocated to larger shops because of growing volume. In general, it seems that the business model of a coin shop that serves only walk-in traffic and only deals in numismatic items and precious metals bullion will no longer work in any location other than the most populous cities.
The mission of Meso Numismatics is to contribute to the knowledge and education of Mesoamerican banknotes, coins and medals. We strive to help collectors meet their goals by becoming one of the most recognized numismatic brands.
Our primary initiative has always been surrounding technology. We believe that technology is one of the areas that is going to have the biggest impact ever seen in the numismatic world.
We have exactly what you are looking for! Browse our online store today!
Shopping online has become incredibly easy and stress-free. The days of having to get dressed and driving all the way to your favorite stores are over. You can now easily visit our website and find exactly what you are looking for, all without having to get out of your pajamas! As an online store, we’re open and available 24 hours a day for your convenience!