Defining a successful collector

There are times when good people with good intentions do or say something that perpetuates narratives that are more harmful than they think.

Does owning this short snorter autographed by John Glenn and his family make me a successful or unsuccessful collector?

On Friday, November 9, I received the regular mail from Numismatic News with the usual section for questions that editor Dave Harper uses for community input. This week’s question was “Is collecting Standing Liberty quarters mandatory for successful hobbyists?”

The question appears to have been inspired by the article, “Dateless quarter inspired collector” by Ginger Raspus. The article was about how she was inspired to collect Standing Liberty Quarters after finding a dateless version pulled from change. The article then goes on about to describe the series. There was nothing in Ginger’s story that suggested anyone else collect these coins. She was reporting on her experience.

The problem with Dave’s question is a problem with the people who appear to have significant say in this industry. Their problem is that they say, suggest, or infer that if you don’t collect coins or their particular favorite, you are not a “real collector.”

Or in this case, a successful collector.

What defines a successful collector?

Is a successful collector one that fills up a particular folder or album of coins in a series designed by the publisher?

Is a successful collector one that creates a top-ranked registry set?

Is a successful collector defined by whether their collection meets artificial criteria set by an arcane definition of industry norms?

The problem is that these criteria that create these definitions of industry norms are those some consider the elders of the industry, many of who started collecting before most collectors were born. Other definitions of norms are created by the dealers whose input are more self-serving than encouraging.

There is nothing wrong with dealers earning a living. In recent years I have turned away from the convenience of online auctions except if the auction is sponsored by a dealer. I want the dealers to succeed, but not at the expense of chasing away potential collectors.

Although worn almost smooth, does owning this 1789 Draped Bust Large Cent count for anything?

A successful collector is someone who creates a collecting goal based on a personal interest and works to achieve that goal. That goal does not have to include buying published folders or albums and filling holes—but if that gives you pleasure, by all means, go for it!

Someone came into my shop to search the basket of foreign coins I keep on the counter. After a few moments I provided her with a box to place the coins she looked at while digging through the basket. I asked her why she was looking so carefully at the coins and she said that she was looking for coins from the countries her parents and grandparents were from and the years they were born.

After a while, she finshed looking and wanted to pay for the coins she picked. I looked at the coins and found a 1938 Spanish 25-centimos and 1961 Columbian 5-centavos coins. With a smile, she explained that her father was born in Columbia and his father, her grandfather, was from Spain.

When she said that she did not know what coins where minted and when I showed her en.mumista.com, my favorite website for looking up foreign coins. We searched for the countries and years of her family to show her what was available.

The next time she returned to my shop she carried a list of coins with check marks next to some of them. We then talked about how to store the coins and what to use as albums so that she can keep the coins nicely.

I do not know if she will be able to find all of the coins on her list but I know that she found examples of all the coins that she identified as being in circulation in 1961 Columbia because she brought in the album she created to show me.

I would call my new friend a successful collector.

Weekly World Numismatic News for November 11, 2018 — Armistice Day Edition

2018 World War I Centennial Silver Dollar

To us in America, the reflections of Armistice Day will be filled with solemn pride in the heroism of those who died in the country’s service and with gratitude for the victory, both because of the thing from which it has freed us and because of the opportunity it has given America to show her sympathy with peace and justice in the councils of the nations.
—U.S. President Woodrow Wilson proclaiming November 11, 1919 the national holiday Armistice Day
To all that have served…
To all that have given the ultimate sacrifice…
To the families of these honored service members…
THANK YOU!

And now the news…

 November 5, 2018

On Thursday, 8 November, Latvijas Banka will be issuing a new gold collector coin named "Gold Brooches. The Bubble Fibula" with a face value of 75 euros but which will actually cost you 560 euros. The coin replicating a "bubble fibula" (of which more below) is the last one in the series of euro gold collector coins dedicated to Latvia's centenary.  → Read more at eng.lsm.lv


 November 6, 2018

A collection of three 50p coins were released by the Royal Mint on November 5, including a 22 carat Gold Proof coin, a Silver Proof coin and another Brilliant Uncirculated silver coin.  → Read more at thisismoney.co.uk


 November 6, 2018

OSAKA — A ceremony marking the first minting of special 10,000 yen gold and 500 yen bronze coins commemorating the 30th anniversary of Emperor Akihit  → Read more at mainichi.jp


 November 8, 2018

The White House clearly did not employ the services of a copy editor before releasing commemorative coins from Donald Trump’s summit with Russian President Vladimir Putin in Helsinki, which contain no less than three typos.  → Read more at rt.com


 November 8, 2018

THE Royal Mint has released a special Remembrance Day commemorative £5 coin featuring a colourful red poppy design. The mint releases a new coin every year to remember all those who have fought for this country at war and this year is no different.  → Read more at thesun.co.uk


 November 9, 2018

Israeli guards at the Erez Crossing on the Israel-Gaza border this week apparently foiled an attempt to smuggle out two ancient coins from the period of Alexander the Great out of the coastal enclave, Israeli officials said Friday.  → Read more at timesofisrael.com

Coin Collectors News
news.coinsblog.ws

October 2018 Numismatic-related Legislation Review — GO OUT AND VOTE!

The monthly numismatic legislation review was purposely delayed to bring you this important message:

GO OUT AND VOTE!

Every two years, all 435 seats in the House of Representatives and one-third of the Senate seats are open to election. These people are supposed to represent you in Congress. They are supposed to represent your interests. How do you want to be represented?

After the fall of Saddam Hussein, the people of Iraq had an election where multiple people were on the ballot. In the United States, we celebrated for them by showing pictures of people with purple ink-stained, fingers, the sign that they voted.

Voting is more important for your local elections. State, district, county, and municipal elections are the ones that have more impact on your lives. They impact the schools, your local roads, small businesses including your local coin dealer, trash pickup, maintenance of your local parks, and nearly everything surrounding your daily lives.

Don’t forget about the ballot initiatives. This is your chance to have a significant say in the policies that your government will have to abide by. Here in Maryland, there is a ballot initiative to create a “lock box” (where have we heard that one before?) for the state profits on gambling revenue so that it would go directly to fund education. This initiative was proposed based on lessons learned where a significant portion of the settlement from the tobacco companies that was supposed to go to healthcare initiatives was transferred to the general treasury to pay for everything else.

Does your state have ballot initiatives? Do you know what they say? How are you going to vote on them when you get to the polls?

Do you know who the candidates are? Do you agree with their position or will you be voting for them because they claim they party as you do? Do you know which incumbent actually did their job and thought about you or did they change because a deep pocket donor asked them to?

It is a cliche to claim that this is the most important election ever. It is always the most important election ever because it is the one happening right now. It is important because you must have your say in how you want your government to work for you. It is your government.

GO OUT AND VOTE!

Legislatively, Congress was in recess for October while members who are seeking re-election when home to campaign. The only changes to numismatic-related legislation were the number of co-sponsors on bills currently in committee.

If history is a lesson, we will see progress on some of these bills during the lame-duck session.

Weekly World Numismatic Newsletter for November 4, 2018

What happens when a policy that was supported by a popular vote becomes less popular? You get the situation that the British government faces as Brexit inches closer to its March 2019 execution.

On June 23, 2016, the people of the United Kingdom held a referendum as to whether the country should leave the European Union. The vote and process has been called “Brexit,” a portmanteau of the term “Britain Exit,” as in should Britain exit the E.U.?

Brexit won by a very slim margin.

Chard, a UK coin dealer, created a copper and bronze Brexit medal for the “undecided voters” to flip on election day. They are still available on Chard’s website.

As a result of the Brexit vote, the British Parliament voted to complete the Brexit process in March 2019 and the Prime Minister resigned. PM David Cameron was against Brexit and felt that someone else should lead the government who favored the process. Theresa May was selected to be Britain’s second female Prime Minister and will lead the country through Brexit.

However, polls in Britain show that Brexit is no longer as popular as it was in 2016. These polls were taken following the announcement that the Royal Mint mint will be producing a 50-pence coin commemorating Brexit next March.

Although the coin has yet to be designed, the British tabloids, especially those who have soured on Brexit, have been running editorials with anti-Brexit mockups. With these mock-ups frequently appearing in Britain’s newspapers, polls are showing that the pre-Brexit election support of nearly 49-percent has eroded to 37-percent.

Opinions on the concept of a Brexit coin are almost evenly split with 37-percent in favor of the coin, 34-percent against, and 29-percent with no comment or opinion.

In the United States, the only way to raise public passion about a coin is for it to have an error, such as the “Godless Dollars” for coins missing their edge lettering and the motto “In God We Trust.” Otherwise, only we numismatists care.

At least the Brits are paying attention!

And now the news…

 October 30, 2018

View photosMore A special 50p is just one of the many changes Britain’s departure from the UK will bring. The commemorative coin, which is expected to carry the words “Friendship With All Nations” will be available from March 29 – the day the UK leaves the EU.  → Read more at finance.yahoo.com


 October 30, 2018

New collectors' coins commemorating statesman Ignacy Jan Paderewski are to be released on Tuesday, in a year in which Poland marks its independence centenary. Paderewski's is the fourth coin in a series issued by the National Bank of Poland.  → Read more at thenews.pl


 October 31, 2018

“II am visiting this gallery for the second time in a month,” says Ayushi, a New Delhi-based history honours student. “The glimpse into the past is so fascinating that I have brought along my friends to have a first-hand experience of the remarkable collection of Indian currency,” she adds.  → Read more at gulfnews.com


 November 1, 2018

The Royal Australian Mint wants you to be on the lookout for $1 coins specially marked with A, U or S.  → Read more at abc.net.au


 November 2, 2018

Increased gold buying by consumers and central banks pushed overall demand for the yellow metal up slightly in the third quarter, according to the World Gold Council's Gold Demand Trends 2018 Report.  → Read more at seekingalpha.com

Coin Collectors News
news.coinsblog.ws

Weekly World Numismatic Newsletter for October 28, 2018

An old bridge (left) and coins from the 18th century (right) were discovered in the low waters of the Danube River near Budapest (Image courtesy of euronews)

One of the articles found in this week’s search for numismatic-related news is both tragic and interesting. The tragedy is that the changing climate that has brought about worldwide weather swings has caused a drought so bad that the Danube River is at its lowest levels in recorded history.

The Danube River is Europe’s second longest river. It runs from southern Donaueschingen, Germany, stretches across Europe to the Black Sea in Sulina, Romania. In ancient times, it was the border of the Roman Empire. Later, the border and the source of conflicts between the Ottoman Empire and the Kingdom of Hungary and the Austrian Habsburgs.

Today, the Danube supplies water to millions of Europeans who work together on its preservation. It is also a source for ships commercial and passenger ships traveling through Europe. Levels are so low that shipping companies have cut back on their trips and travel advisories have been issued for tourists.

The Danube River Basin (Image courtesy of Wikipedia)

Outside of Budapest, over 2,000 silver and gold coins were found in 38 centimeters (almost 15-inches) of water. Archeologists who were called to recover the coins also found weapons, cannonballs, and other items that were said to be from a ship that sunk on the river in the 18th century.

During the 18th century, most of the area we know as Hungary today was occupied by the Ottoman Empire. Early in the 18th century, the empire instituted educational and technical reforms to strengthen their hold on their empire. In 1768, when Russian-back Ukrainian tribes entered Ottoman territory looking for confederates, the incursion provoked the Russo-Turkish War.

Over the last week, scientists have been working around the cycle of the tides to excavate the site to learn more about the ship that sank, including trying to determine why it sank. One working theory was that it was carrying supplies during the Russo-Turkish War.

Dating the wreckage using the coins may not be easy. At the time the Empire existed, coins were dated when the dies were made. Usually, dies were used until they wore out even if the coin represents the previous emperor. It could be several years before dies were made honoring the current ruler.

Beginning in the 16th century, the Ottoman mints were using screw-presses to create consistent-looking coinage. The empire of that period was always looking for the best technology to upgrade their lives and to set them apart from others. Screw presses were used for everything from minting coins to creating military medals. For the Ottoman’s, the mass production of military medals was important for the morale of the army that they put to ample use.

Although no timeline has been announced as to when scientists think they will complete their study of the artifacts, it will be an interesting view into a time at the height of the Ottoman Empire.

And now the news…

 October 22, 2018

Kitco News talks with some of the most influential gold market analysts, economists, investors and mining CEOS to get their take on the industry and financial markets and the global economy  → Read more at kitco.com


 October 22, 2018

Roving exhibitions have been organized in a number of primary and intermediate boys’ and girls’ schools in various regions of the Kingdom to raise awareness among students about coins and urge them to use coins in their daily dealings. The caravan started its journey this month from Riyadh.  → Read more at saudigazette.com.sa


 October 24, 2018

Nevada Day revelers can own a piece of the state’s history — and also watch it be made — as part of a special run of the coin press at he Nevada State Museum in Carson City.  → Read more at carsonnow.org


 October 24, 2018

Two Swedish schoolchildren unearthed a 17th century coin while playing in a sandpit – and they have now been told they can keep the find.  → Read more at thelocal.se


 October 25, 2018

Aa Aa Record low water levels in the Danube have uncovered parts of an old Budapest bridge blown up by the Nazis in the final months of World War II. Pictures have emerged of the structure — which linked the districts of Buda and Pest in the Hungarian capital — just under the surface of the water.  → Read more at euronews.com


 October 26, 2018

Just in time for Halloween, the Central Bank has launched a commemorative €15 Bram Stoker Dracula collector coin. The silver proof coin commemorates the life of the Dublin-born author and his famous novel Dracula, which was published in 1897 and became world-renowned after an American film adaptation starring Bela Lugosi opened in 1931.  → Read more at irishtimes.com


 October 27, 2018

ART ON COINS — INDIA AND THE WORLD Mauryan axes, faces of Satavahana kings, a lion from Alexander’s army — at an exhibition of ancient coins found on the subcontinent , money talks. It tells stories of war, peace, power and disappointment.  → Read more at hindustantimes.com


 October 28, 2018

“On ANZAC Day this year I got to wear both of my medals in civilian dress and someone came up and said ”oh, you’ve got your medals on the wrong side love’, or ”whose medals are they’ — and you just have to say ”they’re mine — why wouldn’t they be?  → Read more at news.com.au

Coin Collectors News
news.coinsblog.ws

Defining a successful collector

There are times when good people with good intentions do or say something that perpetuates narratives that are more harmful than they think. On Friday, November 9, I received the regular mail from Numismatic News with the usual section for questions that editor Dave...

read more
Get BLOG updates via email:

HURRICANE RELIEF

Red Cross National Voluntary Organizations Active In Disaster
AbeBooks.com. Thousands of booksellers - millions of books.

Get NEWS updates via email:
Delivered by FeedBurner

Current Poll

What do you use as a price guide when buying your coins or currency?









View Results

Loading ... Loading ...

Coinsblog Archive

Pin It on Pinterest