Coin collectors have a healthy respect for the past. Coins
themselves are, after all, mementos of bygone times - and thus it is
only natural that those of us who admire and collect these mementos
would also share a deep appreciation for the history that surrounded
their birth and gave rise to their production.
It's one thing to respect and honor the past, however, and another
to be rooted there mentally and intellectually. There's a crucial
difference between possessing an appreciation for history and having a
slavish devotion to the past and all its trappings. Those who fail to
remember the past may be doomed to repeat its mistakes, but those who
insist on living in the past may miss the boat - or spaceship - when it
sets out on its journey to a better and brighter tomorrow.
Some collectors - including some of the most prominent leaders in
our hobby - look askance at new directions now taking place in the world
of communications. Like the Indian depicted on the Oregon Trail half
dollar, they hold up their hands as if to turn back the tide of coming
events. The wave of the future is inexorable, though, and rather than
resisting it and being swept away, we need to ride its crest and take
full advantage of its potential.
With a new millennium only a few years away, forward-looking
hobbyists are traveling already along a glittering pathway to the year
2000 and beyond. It's known as the Information Superhighway - and
though it doesn't show up on standard road maps, it passes through the
homes and offices of millions of people around the world, including a
great many coin collectors.
This futuristic roadway uses computer technology to give people
almost instant access to vast stores of information on an intricate
series of networks known collectively as the Internet. It also gives
them access quickly and inexpensively to each other, through on-line
services that connect their computers electronically, enabling them to
communicate either one-on-one or in lively group sessions with
like-minded individuals just about anywhere in the world.
Recently, for example, I joined an on-line group of collectors
known as CoinMasters
(http://www.geocities.com/CapitolHill/9980/mainpage.html). This group
has nearly two-hundred dedicated members who use this computer link-up
to share information, ask and answer questions, report new discoveries -
and generally keep in touch not only with each other but also with the
latest developments in their hobby.
Coin clubs and coin shows have suffered serious setbacks in recent
years, with membership at meetings and attendance at shows all too often
at alarmingly low ebb. Groups such as CoinMasters represent a way to
revitalize lagging interest and give the hobby a much-needed shot in the
arm.
I don't expect electronic discussion groups to replace traditional
coin clubs, any more than I expect on-line chat rooms to eliminate high
school dances as means for teenagers to socialize with members of the
opposite sex. Rather, I view these groups as supplements to the tried
and true forums for meeting other collectors and, quite possibly, as
catalysts that will stimulate a rebirth of activity by hobbyists who had
found themselves turning to other interests - including their computers.
Similarly, I anticipate a significant increase in the marketing of
coins via computer offerings. The immediacy and visual impact provided
by on-line services make them natural outlets for a new breed of
mail-order coin dealers - what might be called e-mail-order dealers
("e-mail" being short for electronic mail in the parlance of on-line
users).
Again, I see these entrepreneurs not as replacements for coin
dealers doing business by regular mail, or those who maintain retail
shops or old-style auction operations. Instead, I see this as a
potentially beneficial extension of the current coin market, opening new
doors to brand new customers, rather than closing existing doors.
Information about coins is already widely available on the
Internet. Numerous coin dealers, organizations and individual hobbyists
have established sites on the World Wide Web where people "surfing the
Net" can obtain facts and figures about the hobby and, if they wish,
download them to their computers and call them up for use at their
convenience. I have such a "web site" myself
(http://www.inch.com/~travers/), where people can read excerpts from my
books.
The American Numismatic Association grasped the potential of
on-line computer services at an early stage, establishing locations on
two of those services - CompuServe and Prodigy - in 1993. A year later,
the ANA ventured onto the Internet (http://www.money.org/) as well,
putting it in position to gain important exposure to untold thousands of
prospective new members. The association's executive director, Robert
J. Leuver, has been a strong advocate of using computer technology to
advance the ANA's programs, goals and interests.
Unfortunately, not everyone - even at the ANA - shares Bob
Leuver's vision of the Internet's potential or appreciates the
advantages available to hobbyists (and to the ANA) along the Information
Superhighway.
To cite a case in point, the ANA Board of Governors took a vote in
March 1996 on a resolution calling for routine messages involving the
nine governors to be transmitted by e-mail via computer. The ANA spends
thousands of dollars a year keeping in touch with Board members by
telephone, mail and fax. The use of e-mail would have significantly cut
these costs - and, at the same time, enabled the headquarters staff to
reach multiple users quickly, efficiently and directly.
The benefits of such a switch will be readily apparent to those
who are computer-literate. After all, millions of Americans now use
e-mail routinely to reach people quickly and achieve substantial
savings. Switching from regular mail and fax transmissions to e-mail
might accurately be likened to switching from a bicycle to a jet
airplane.
As you've probably guessed by now, the ANA Board rejected the
switch, deciding by a 5-4 vote to hold up its hand like the Indian on
the coin and continue using yesterday's technology.
I'm proud to say the motion to switch was mine. And I'm pleased
that three fellow Board members joined me in an attempt to secure its
passage: Helen Carmody, Will Rossman and J.T. Stanton.
Computers are here to stay - that is, at least until they
themselves give way to some yet unimagined even greater leap forward
down the road. Rather than regarding them with suspicion and retreating
into a shell, we need to take full advantage of their potential.
History is a marvelous teacher. But when we're looking to the
future, not the past, progress is the leader we need to follow.
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Scott A. Travers ranks as one of the most influencial coin dealers in the world. His
name is familiar to readers everywhere as the author of six bestselling books on coins:
The Coin Collector's Survival Manual, The Insider's Guide to U.S. Coin Values
(annual price guide), One-Minute Coin Expert, Travers' Rare Coin Investment
Strategy, The Investor's Guide to Coin Trading and How to Make Money in
Coins Right Now. Mr. Travers appears frequently on television and radio and
has served as COINage magazine contributing editor since 1984. He invites
Coin Universe visitors to read free excerpts from some of his books.
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