Curtis Kinney’s fascination began when his wife started
saving quarters to buy a bike in 1968.
"She never did buy the bike, and we were looking through
the quarters when
we realized we had some pretty old ones," Kinney said.
Kinney and his wife, who live in Fargo, N.D., have been collecting
coins, mainly quarters, ever since. A trip to the mint
in Philadelphia peaked their interest. While they say they
aren’t
serious collectors, they frequent auctions in the hopes
of finding something rare. "The 1932 quarter can
go for as much as $200," Kinney said. "You
just have to know what to look for."
Coins and stamps are tangible reminders of years gone by. Yet, while coin collecting
is flourishing as a hobby, stamp collecting has gone by the wayside. The group
of men that make up the Fargo-Moorhead Philatelic Society are part of the
last generation of this hobby. Their collections are a testament to how
life used
to be. Many families who inherit stamp collections are more interested in
getting the collection appraised than continuing the tradition. "You
can’t
collect something you don’t know what it is," said James Olsen,
secretary of the F-M Philatelic Society.
His statement carries an undeniable truth. Stamps are rarely used as society
becomes more dependent on e-mail and cell phones as ways of communication.
To
most,
collections
have become about monetary worth rather than sentimental value.
Stamp collecting dates back to 1840, when the first stamp was issued in England.
One of the earliest indications of stamp collecting is an advertisement
from an English newspaper in which a young woman sought used stamps as a
way to
wallpaper
her room. Soon, post offices discovered stamp collectors as good sources
of revenue. From there, an unprecedented surge began.
"There are no rules about stamp collecting," Olsen said. Some
people collect stamps from a certain country while others focus on a motif,
such
as flowers, ships or buildings. "Stamp collecting is a wonderful hobby
because (the people) vary from those who have next to nothing to millionaires,"
said Kent Knutson, president of the F-M Philatelic Society.
Unfortunately, "stamp collecting has simply lost its appeal to younger
people," he said.
Coin collecting, on the other hand, is at its peak popularity. Rare or
modern coins offer history that collectors can hold in their hand, and every
period
during the past 2,500 years is reflected in coinage.
"Stamps disappear and become part of the ground," said Bob Hanna,
member of the Red River Valley Coin Club. "A coin can be dug up and,
while new varieties of stamps are not really being discovered, new types
of coins from
all over the world are still being found."
Coin collecting has been said to be the hobby of kings and scholars. Coins
are regarded as mirrors of history; portraits of contemporary monarchs—some
famous, others scarcely known except for coins—and the inscriptions
and designs often refer to important events. Even analyzing the purity
of the metal
from which a coin was made can provide insight into the economics of
its time. The first coins in the United States were silver three-pence,
sixpence
and shilling
pieces. From the 1650s to the 1790s, state governments, merchants and individuals
issued their own coins. In 1793, the Philadelphia Mint issued its first
coins.
Today, coin collecting is one of the world’s most popular hobbies.
Amateur collectors enjoy coins for their beauty, rarity and the
stories behind
them. Added to this is the excitement of searching for and finding specific
coins and the challenge of identifying unfamiliar items. Collectors are
likely to
start with coins from their own countries due to their availability.
The introduction of the new state quarters rejuvenated the hobby. Collectors
make it a point to look through the change they receive so as not to spend
the newest quarters. Grandparents give state quarter books to their grandchildren
so they too can participate. Gerry Netzer, who has been involved with a
Bismarck, N.D., coin club since 1982, has noticed the rejuvenated interest.
"(The state quarters) have really created a huge increase in
the number of people who collect coins, and it is a good hobby for younger
people," he said.
Fourteen- year-old Brock Schmeling of Mandan, N.D., agrees. "I got
started (collecting) because I like money," he said. "You can
start with less expensive coins and work your way up."
For many adult collectors it's the education, usually on all subjects
of the coin-collecting hobby, that keeps them interested. Collectors
normally
remain
with the hobby for the benefit of camaraderie and their own collecting
interests. "The
tendency is to collect coins from your childhood," Hanna said. "It’s
like a walk down memory lane—you get hooked on that nostalgia and away
you go."
For youngsters, subject matter must be entertaining and interesting in
order to hold their attention. So how can the older coin collectors make
sure their
tradition is carried on by younger generations? The American Numismatic
Association offers a scholarship program for youngsters around the country
to become educated
in numismatics, the collection and study of coins, paper money, tokens
and medals. The scholarships, worth up to $1,000, take the students to
Colorado
Springs for
a week in the summer to study at the Colorado College campus. About
25 to 35 scholarships are offered each year.
"This has been a tremendous help in cultivating youngsters in
the hobby," said
Jim Majoros, chair of the Young Numismatic committee, a branch of the American
Numismatic Association. "Youngsters have so many avenues of possible
interests, such as sports, school activities, etc. It is difficult for
them to continue
in the (coin collecting) hobby for a consecutive period of time. We
look upon it as the seed that has been planted, and they may come back."
Why is coin collecting thriving and stamp collecting dying? "Coins
are still being used and are still fascinating,"
said Carl Zachmann,
Minnesota State University Moorhead student and casual coin collector.
"It is an investment as well as a hobby." Coins continue to
go up in value while many stamps are at the peak value they will ever receive.
Furthermore,
many
are going down in value.
While these
two hobbies were once both quite popular, coin collecting is more identifiable
to today’s
society. Money is used every day and is still an important aspect; therefore,
the interest in this hobby continues to grow. However, the future of
coin collecting is uncertain at this point. Who knows, maybe
one day, coin collecting will meet the same fate as stamp collecting. With
the increased
use of
checks and
credit cards,
collecting
pocket change may become a thing of the past. Only time will tell.