NGC Introduces New Security Hologram with Unique QR Codes
Holograms have a long and successful history as a decorative enhancement on coins (see HN November 2022), where, for example, a holographic relief structure is embossed into a resin that coats one side of the coin. But another range of coin applications for holography comes in the shape of security labels that demonstrate the authenticity of the coin.
Coin collecting is one of the oldest hobbies on the globe – for both hobbyists and for investment purposes. It saw an upsurge during COVID and the market is currently estimated to be worth in the region of $11-18 billion, and to exceed $30 billion by 2032.
Coin counterfeiting, however, is a major hazard, particularly given the prices involved (rare coins selling for over $1 million is not unusual) and because many people who collect coins as a hobby are unfamiliar with numismatics, so may end up paying a greater amount for the coin. Added to that, social media platforms are being used as a major conduit for the sale of counterfeit coins, and fake gold, silver and platinum bullion items.
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