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BUTTERNUT
BITES: 6# Why Join A Coin Club?
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So
many collectors and dealers I meet feel that “someone”
will take care of this or that.
Sometimes I even hear, “Why don’t they do
this” or “They do that?” Well, as I see it, “they” is you and me.
If you are an active collector, you need to join a club
and participate.
And
how do you know if you are an active collector? Well, my definition is that if you either buy or sell a coin
or note during a twelve-month period, you are active. If you have met either of these criteria, then you are an
active collector and should participate by joining a club.
In my volunteer
positions as President of the Virginia Numismatic Association
and as Regional Coordinator for the Mid-Atlantic States for
our national association, The American Numismatic Association,
I have had the opportunity to travel to hundreds of coin clubs
and coin shows and talk with thousands of collectors and
dealers from around the world.
I have learned that most collectors possess three
qualities that are somewhat unique to our hobby.
First, nearly all are highly intelligent and are far
better educated than the average public. Second, all enjoy the lure of the interesting and fascinating
mix of art and history through coins and notes.
And third, all enjoy the excitement of the hunt for
interesting and pleasing pieces to add to their own
collections.
So, why join a coin
club?
If
you are human, and an active collector, you will need contact
with other collectors for reinforcement of your collecting
interests, goals and habits.
I have tried in vain to elicit even a mild response
from my dog, “Big Jake” our 225 Lb. English Mastiff, but
have so far only been given a polite, but brief sniff to the
near perfect example of the 1799 over 8 Draped Bust Large Cent
I so delicately held. However,
I will say that “Big Jake” showed slightly more interest
to the coin than my mother in law.
If
you try sharing your joy of collecting with your family, you
may find that they may not share your same enthusiasm.
Imagine you have just explained how the first few
Lincoln cent coins minted show the initials of the coins’
designer, Victor D. Brenner, on the reverse side of the coin,
and that these were later removed the same year.
And how since you were a child you had always wanted
one to complete your collection, and that finally, after over
30 years, you have just acquired one, and the response from
your family is merely, “How much is it worth?”
Or
perhaps you have made the mistake of announcing at your work
place that you are a collector of coins or currency.
The response is one of curious observation that you are
perhaps from a strange planet, pursuing some sort of weird
alien cult. Or worse, your boss thinks that if you have money to spend on
such trivia, then you are either overpaid or have had your
hand in the till.
As
a last resort, you try Wilson, your neighbor.
He is smart, intelligent and highly educated and would
understand you. Alas,
he does. But
unfortunately his sixteen-year-old daughter is part of a punk
rocker band, whose drummer has a drug problem and who later
overhears a conversation that the next-door neighbor has lots
or rare and valuable coins that can be easily stolen and sold
for big bucks. This
presents a very easy way for him to support his drug habit.
In
frustration, the lonely collector salts away his beloved
collection in his local bank vault.
There the collection will be safe, but unfortunately
will provide little enjoyment to anyone till the collector has
been given the eternal dirt nap. His bereaved widow sells the collection at a fraction of what
it is worth, takes the money and buys a ticket to Hawaii to
recover from her loss. There
she meets “Honolulu Bill”, falls in love, and is later
swindled out of the remaining money in the estate.
So what is a lonely
collector to do?
Your
very best solution is to join a coin club.
Nowhere can the joys of collecting be more appreciated
than at a coin club. Lectures,
show and tell, exhibits and small auctions are just a few of
the activities most clubs have each and every month.
You will find that you are most welcome and soon made
to feel that you are not alone out there in that strange world
that could be referred to as “The Collector’s Zone”.
What coin club to join?
I
feel that being an active collector in today’s world has
tremendous opportunities.
First, I would recommend joining your local club, the
one nearest you that has regular meetings.
Plan to attend and participate in at least one meeting
each quarter. Second,
and most important, you should consider joining our national
organization, The American Numismatic Association.
Nowhere in the world are the interests of collectors
fulfilled more than in the ANA.
Each month you will be mailed the award winning
magazine, The Numismatist.
The great articles encourage most collectors to retain
each issue to use as a reference in their own library.
And speaking of a Library, the ANA has one of the
largest numismatic libraries in the world. The ANA provides many other services for the collector from
photo authentication of coins to first class education
opportunities for the young and old.
Thirdly, join and participate in your state
organization. In
the mid-Atlantic, where so many people live in one state and
work in another, we have the opportunity to belong and
participate in more than one state organization.
Perhaps you can even put together an exhibit for
display at your State’s coin convention.
With a little work, you can even exhibit at one of the
two annual national ANA conventions. And lastly, if you have a keen interest in a specific series,
you can also be part of a specialty club whose members are
even more focused and aligned with your interests.
A great example is the Early American Coppers Club,
devoted to pre-civil war early American copper coins.
If you are interested in early copper coins, the EAC is
definitely for you.
So
yes, I am an active member of many clubs.
And yes, I encourage others to join.
And yes, I want to improve communication of the ANA and
make available the vast resources of the ANA to each and every
club and member that asks for them.
Colonel Steven Ellsworth is retired
Army Colonel with over 32 years of service who has written
extensively on Security for collectors and dealers.
He is a full time coin dealer and collector and is the
principal in the coin firm “Butternut”.
He currently serves as the American Numismatic
Association's Regional Coordinator for the Mid Atlantic States
and is President of the Virginia Numismatic Association.
Your
thoughts and ideas are always welcomed.
Address them to: Colonel Steven Ellsworth, c/o BUTTERNUT,
Post Office Box 498, Clifton, VIRGINIA 20124-0498 Phone: 703.802-0252
E-mail: butternut@butternut.com. Web site: www.Butternut.org.
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