Help Future Coin Buyers

Numismatic News - The American Numismatic Association reports that its average member is now over 60 years old. When I was a member of the ANA's Future of the Hobby Committee over a decade ago, the average member age was then about 51. The trend of a graying membership is not a positive sign for the future of numismatics.

If numismatics is to continue as a popular hobby, existing collectors need to foster and help mentor the next generation. There is a mercenary reason why current collectors would want to encourage children and young adults to become collectors. The more collectors there are, the greater will be the potential demand (and, therefore, higher prices) for your own collection when it comes time to sell.

However, I think that most collectors would want to support budding numismatists because doing so will bring them additional enjoyment of their own pursuits. If you think back to your own path to becoming a collector of coins, paper money, or exonumia, you were almost certainly supported by a family member or friend who was already a collector.

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