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<p>[QUOTE=&quot;Joe2007, post: 4349745, member: 44034&quot;]Some thoughts I&#039;ve been pondering;</p><p><br /></p><p>Just curious what impacts the Coronavirus pandemic is having on the numismatic community with almost all the local coin shops closed down for the foreseeable future and with coin shows not occurring. A few of the bigger auction firms like Stacks seem to be still selling currently but who knows for how long. </p><p><br /></p><p>I would expect that it would be much harder to sell a collection or hoard of precious metals right now especially for those not in the hobby, not knowledgeable about what they have and who rely heavily on coin shop and cash for gold type buyers. The numismatic logistics chain of buying wholesale and then selling it up the ladder and then finally to retail buyers is broken when local coin shops are shuttered. What happens now to the collections in the &quot;estates&quot; of the deceased? Hopefully they just don&#039;t get turned into the nearest CoinStar machine or thrown out by heirs impatient to clear up the real estate. </p><p><br /></p><p>Are the refineries still open and if they are not what problems is that causing for those that need quick liquidity. Anyone know if the big online precious metals buyers/sellers like APMEX/Provident/etc. are still open in a time where only &quot;essential&quot; businesses may operate in many states.</p><p><br /></p><p>With the shows on hold, the place where lots of dealer-to-dealer activity occurs I wonder what happens. What percentage of coin shops will be able to weather the Coronavirus pandemic and how many will have to close their doors permanently? As we spiral towards 30% unemployment will collectors have the discretionary funds to continue to collect?</p><p><br /></p><p>Your thoughts please -- stay safe out there!</p><p>Joe[/QUOTE]</p><p><br /></p>

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