When it comes to niche markets, numismatic is definitely one of these. For this reason, we spoke with Federico Pastrone, owner of Gadoury Numismatic based in the Principality of Monaco.
Hi Federico, thank you for taking the time. You are working in the numismatic industry which is a very niche market, how did you become so passionate and what do you love the most about your job?
My passion for numismatics comes from my father that has been in this field for almost 60 years, and it also comes from a deep love with History : numismatics is the tangible description of the last 3000 years of human history. Furthermore, it is a very international field where you can find clients and colleagues from literally all over the world.
How would you describe Editions Gadoury?
An established reality in Monaco since 50 years, a well known company in France for the famous editions, a vibrant international team that travels the world and help our clients to build long lasting collections that can be a unique heritage.
What do you think of today’s numismatic industry and how is it possible to combine the heritage and timelessness that naturally comes with these products and industry with the technology and fast paced era that we are living in?
Actually they integrate very well, thanks to technology we can now make transactions everywhere, we can have unique HQ photos of coins and eventually with a QR code we can trace their pedigree.
How did the investors and collectors change during these years and what are the trends right now?
Well globalization has created in Asia some of the most vibrant markets, even if America is still the biggest market in the World. Certainly there are a lot of new collectors that might tend sometimes to look for easy speculations, however, the best clients still understand very well how important and time consuming is to build a homogenous collection and how this can be economic rewarding.
What about the Swiss and Monegasque market? Are there similarities between these two countries?
In both realities we can find wealthy individuals and sometimes old and interesting collections. Therefore, yes, I believe there are many similarities between these two realities.