Non-Circulating Commems Heat Up
NCLTs have been with us for a long time, but it’s almost like the market for these collectibles is just getting started.
Perhaps the number of coins and bank notes used in daily financial transactions is on the decline, but not so when it comes to non-circulating legal tender commemoratives. NCLTs have been with us for a long time, but it’s almost like the market for these collectibles is just getting started.
On July 11 the U.S. Mint announced the release of its 2024-P uncirculated Morgan and Peace silver dollar coins. Collectors’ demand for these commemoratives will be strong, but non-collectors likely won’t even know they exist. But – yes, there is a but – non-collectors may be on the edge of their seats as the U.S. Mint has recently announced a partnership with Warner Brothers Discovery Global Consumer Products. Pop culture will now collude with coins and medals, piquing the interest of many people who previously would never have thought of purchasing a collectible numismatic item.
Adding more fuel to this fire, between July 10 and Aug. 11, the public can vote for the DC Super Heroes they want to see included in the series! Voting will be entirely online via www.usmint.gov/dc. The U.S. Mint uses representatives of the public to choose designs for new coins, but never before has the general public at large been able to “democratize” the designs they’d like to see. The US Mint-Warner Brothers partnership will breathe fresh air into a hobby that is already alive and healthy.
In other related developments, Amazon and Walmart are joining this expanding market, Walmart’s website reading: “coins listed at or above $1,000 must be graded by ... Numismatic Grading Corporation, Paper Money Guaranty or Professional Coin Grading Service, or they will not be allowed.”
The bottom line: If you think the coin collecting hobby is strong now, you haven’t seen anything yet.
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