Coin World's SmartTrack DNA

Discussion in 'Coin Chat' started by longnine009, Dec 25, 2019.

  1. longnine009

    longnine009 Most Exalted Excellency

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  3. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    And of course it will be 100% secure and none of your info or buying habits will be recorded, not even to allow us to bombard you with info ads or sell it to interested parties, we just want to force every dealer to participate at your expense. No , there is no one smart enough to hack your coins, Trust us.
     
    Randy Abercrombie likes this.
  4. longnine009

    longnine009 Most Exalted Excellency

    I doubt that anything is 100%. Not even the Department of Defense can brag about that. But SmartTrack may bring some much needed confidence to coin buying.
     
    Last edited: Dec 25, 2019
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  5. baseball21

    baseball21 Well-Known Member

    Nothing is 100 percent, but there's different levels. This sounds like it's essentially going to be a road map of where coins aka a road map for robbers if they hack the system.

    There's really not a lack of confidence. If anything this might exacerbate one of the issues as a number of people feel they should be able to buy from dealer prices or get wholesale pricing for small orders.

    I'll wait and see more, but my initial reaction is I don't really see this catching on or being the norm
     
  6. green18

    green18 Sweet on Commemorative Coins Supporter

    Sounds like another TPG service.......
     
  7. Jeffjay

    Jeffjay Well-Known Member

    Yet another gimmick. Becoming all too common in the hobby.
     
  8. baseball21

    baseball21 Well-Known Member

    Sounded more like a tracking service to me.
     
    markr likes this.
  9. green18

    green18 Sweet on Commemorative Coins Supporter

    I may be missing something, but I don't buy it. Is this something akin to the 'sniffer'?
     
  10. longnine009

    longnine009 Most Exalted Excellency

     
  11. baseball21

    baseball21 Well-Known Member

    It's basically a tracking sticker put on the slabs. You're supposed to scan it and update the info anytime it changes hands. You're basically supposed to pay to have your coins put into a nationwide inventory from what they were saying.

    I'm sure I'm not the only one who won't be paying $10 a coin in order to have it tracked
     
  12. baseball21

    baseball21 Well-Known Member

    Maybe not, but there was a time where it was a lot harder for them to find out what those dealer/wholesale prices actually were. In my opinion it's not a lack of confidence that's been the issue or inability to detect fake slabs but the blending of pricing like that. Wholesale sight unseen pricing is for big orders where you don't reject anything yet a lot of people seem to think that's relevant for picking a single best example.

    It is what it is and part of the reason for declining prices in common areas since if you have to sell for wholesale than you're going to be buying them under that
     
  13. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    From what I gather it use the same MO as the chips on most credit card which allows you to just wave your card near the reader. But more info can be sent from the coin sticker to any reader if one knows how to ask for it. Something else to scrape off of a slab if I ever come into one. Certainly not going to pay to make my assets exposed as meager as they may be. IMHO, Jim
     
  14. -jeffB

    -jeffB Greshams LEO Supporter

    Not much activity in the comments. Might have something to do with Coin World having to approve comments before they appear.

    My comment, which may or may not appear:

     
  15. Burton Strauss III

    Burton Strauss III Well-Known Member

    Wooooo it's a sticker that CoinWorld affixes to the slab.
     
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