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 Replies: 24 / Views: 4,439 |
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Valued Member
United States
123 Posts |
Or are they simply in very short supply?
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Pillar of the Community
United States
2543 Posts |
You should really search this to get the full pages and pages of discussion and speculation and contests covering the 7070.
But in a nut shell, Dansco lost interest.
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Moderator
 United States
188770 Posts |
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Pillar of the Community
United States
1660 Posts |
Because, in my opinion, the coins that fill a 7070 are mostly slabbed nowadays.
Half my album is filled with coins I've cracked out.
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Moderator
United States
188770 Posts |
Not a good reason, in my opinion.  I have only three holes left in my 7070 and have not had to crack a single slab yet.  Sure, the last three will probably require some cracking.  No reason for them to stop making the 7070 other than what denco said, they lost interest.  |
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Bedrock of the Community
Australia
21788 Posts |
If most 7070 coins are slabbed, time to house them in a slab album, so that they can still be displayed as a series.
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Moderator
United States
34418 Posts |
Seems like a potential business opportunity: the 7070 Slab Album. You have pent up demand because the old 7070s with coin holes aren't being made anymore and your potential clients, by definition, all have disposable income. Slab are super common now, but still tend to be for higher priced coins so you could even charge a premium on this album compared with the old 7070s. We need a young-ish numismatist working on his or her MBA--any takers? This idea is free for anyone to pursue, but I want the credit for first thinking of it.  "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
United States
4085 Posts |
Dansco seems like a company that manages to stay in business in spite of what seems like their best efforts not to.
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Pillar of the Community
United States
1839 Posts |
Quote:
Seems like a potential business opportunity: the 7070 Slab Album. You have pent up demand because the old 7070s with coin holes aren't being made anymore and your potential clients, by definition, all have disposable income. Slab are super common now, but still tend to be for higher priced coins so you could even charge a premium on this album compared with the old 7070s. We need a young-ish numismatist working on his or her MBA--any takers?
This idea is free for anyone to pursue, but I want the credit for first thinking of it. PCGS has a free digital version of this idea. http://www.PCGS.com/setregistry/DigitalAlbums.aspx |
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Moderator
United States
34418 Posts |
Quote:
PCGS has a free digital version of this idea . Yep not surprising that others have considered this concept previously. Easy come easy go. "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
Edited by Spence
04/08/2016 05:07 am
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Moderator
United States
188770 Posts |
Quote:
Dansco seems like a company that manages to stay in business in spite of what seems like their best efforts not to. The bulk of their revenue comes from corporate clients. The coin album business is falling (has fallen) off of their radar. |
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Bedrock of the Community
United States
20753 Posts |
Companies make or carry merchandise that sells enough to make it worth while money wise. Just as a regular store keeps track of what sells, so do companies like Dansco. Low sales, drop the product. Type sets are only popular with a small amount of collectors otherwise those Albums would be selling more.
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Moderator
United States
188770 Posts |
Whitman (f.k.a. H.E. Harris) needs to license or buy the rights to the Dansco album. Whitman can handle design, marketing, and distribution while contracting the manufacturing to Dansco. Whitman would become another one of Dansco's big corporate clients. I think the problem is Dansco just wants to make the product, but not hassle with the other things.
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Pillar of the Community
United States
1388 Posts |
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The bulk of their revenue comes from corporate clients. What do they do besides make albums? I always imagined them as this coins-only company. |
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Pillar of the Community
United States
2543 Posts |
The bulk of their business is corporate binders. Quarterly reports for shareholder meetings. Custom embossed binders for special presentations.
If you buy a 7070, you fill it and spend the rest of your life finishing it or upgrading it. You don't run out and buy another when it is full, a one time sale. Corporations have yearly shareholder meetings. Look at Las Vegas, at any one time, there are thousands of company conventions going on. With tens of thousands of people being issued special embossed binders containing itinerary and other company information.
Leather menu covers in high end restaurants etc ..... etc. This is repeat business, their bread and butter
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Moderator
United States
188770 Posts |
Yup, which is why it would be better if Whitman took over. Whitman would be another repeat customer for them.
The best explanation for the lack of a new 7070 is that no one at Dansco wants to (or is able to) do the redesign/update of the layout. They will not make them with the old layout because they fear everyone is waiting on the long anticipated new one. They fear that no one will buy them, sticking them with inventory.
Really, it is time for Whitman to step in. Whitman used to be called H.E. Harris, another album maker. Harris bought Whitman and took the name (as it had a stronger reputation). They could do the same with Dansco, at least the rights to design, market, and distribute the Dansco World Coin Library albums. Dansco (the company) can still do the manufacturing, it is what they do best. Let another take over the "hard work" they do not want to do.
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Replies: 24 / Views: 4,439 |
Posted 04/07/2016 3:31 pm
