NUMISMATICS Publique Deposited
HOBBY OR INDUSTRY?
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The E-Sylum: Volume 8, Number 44, October 16, 2005, Article 26
NUMISMATICS: HOBBY OR INDUSTRY?
Last week I quoted an author who referred to "the coin industry".
One reader writes: "Why is the collecting and selling of coins
being called an industry? Nothing is manufactured - by the hobby
or dealers. The only manufacturing is being done by the world
mints and bureaus of printing. If there is any "industry" web site,
such would be for them.I have been most disturbed by the use of the word "Industry" as
a blanket moniker for the hobby and those of the dealer community.
Nothing is manufactured - those in the "business" are marketeers
of technically second hand goods and hobbyists are just that -
taking a portion of their lives to escape from the realities of the
world around them, to pause if you will, to explore an interest of
enjoyment."[Although not an "industry", there is certainly a booming business
surrounding the numismatic hobby, so I would venture to say it's
safer to use the term "coin business" in this context. Coin dealers
are brokers and resellers, providing a service to the hobby through
their buying, selling and brokering activity. -Editor]- 2005-10-16
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