GIVING BACK TO THE HOBBY WE LOVE

For decades, the hobby of numismatics has provided me with more benefits than anyone could ever hope for, from years of enjoyment to a pretty good living. Since assembling my first Lincoln Cent album in the 1960s, my enthusiasm has never waned. Many of my non-numismatic friends envy that I look forward to going to work every day. I sincerely hope that the hobby remains relevant so that future generations can enjoy the same pleasures numismatics has given me.

The future of numismatics, however, cannot be taken for granted. The hobby has been facing a serious problem of aging demographics. The average member of the American Numismatic Association (ANA) is now about 63 years old. Young people in our society today have become very distracted with technology and social media. Getting their attention is difficult, but not an impossible task. The ANA is committed to attracting and retaining young collectors. Considerable sums have been invested in the ANA website (Money.org) and other social media platforms trying to reach younger collectors.

The COVID-19 crisis has given the hobby an unexpected boost. Millions of collectors and potential collectors have been homebound and exploring the internet. Over the last year, the ANA membership grew over 10% to nearly 30,000 members. Online business is booming for anyone with a significant web presence. Hopefully, some of these new buyers are in a younger demographic than has been the case in the past.

This newfound interest in numismatics is an opportunity that hobby leaders should be sure not to waste. The ANA sadly was unable to host the annual Summer Seminar last year, and this year's event has recently been canceled. This major numismatic educational pillar of the ANA will be missed by anyone who attends it. In its place, the ANA has been able to offer streaming classes via Zoom. These have been a huge success, and they are clearly the future of the ANA educational offerings.

In 2019, I had the privilege of teaching advanced coin grading in Colorado Springs to about 25 students. Last year, my online class had over 300 participants (the class is also available on the ANA website permanently and can be watched for free). Students could attend the classes from home without the expense and time of traveling to Colorado. We all know how wonderful in-person classes are during Summer Seminar, but the broad impact of online numismatic education cannot be denied.

Securing the future success of the ANA and coin collecting is an expensive proposition. No other organization does more to promote the hobby and provide numismatic education than the ANA. Each year, the ANA awards dozens of numismatic scholarships for the Summer Seminar to young people, many of whom later say the experience changed their lives. Now, the ANA is investing lots of staff time and financial resources in online education.

Without the financial support and volunteer efforts of the numismatic community, the ANA could not survive. For our members to continue to receive the benefits they have come to expect, we must all think of the ANA with our charitable giving. There is no better way to support the hobby we all love than a contribution to the ANA.

For more information on the American Numismatic Association, see:
https://www.money.org/

To read the complete article, see:
Jeff Garrett: Giving Back to the Hobby You Love (https://www.ngccoin.com/news/article/8891/)

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