Who hasn’t looked through their loose change from time to
time looking for interesting coins? Maybe you’ve found a “double die” Lincoln
cent, a pure silver Kennedy half dollar, or a Mercury dime. The men and women
of the Fremont Coin Club share your interest, and then some.
The Club, founded in 1971, meets at the Elks Club on Farwell
Drive. If you ask most members why they belong, the answer is consistent: As
17-year member Herb Miles notes, “It’s a way of meeting like minded people.”
Collectors share a basic interest in coins and currency, but usually develop
specialties, which they enjoy sharing.
Miles, for instance, collects “good fors,” tokens popular
from the 1890s to the 1940s produced by merchants to entice return customers. Tokens
could be ‘good for’ five cents off a cigar, a free drink, or in one case, a
free stick of dynamite.
Miles also collects an obscure bit of Americana: KKK tokens,
coins specially created by the group to raise funds. Says Miles, “I go around to all the shows and
they know what I collect, so they’ll set something aside for me. In the past,
though, they didn’t know me; I’d say, ‘you got any KKK tokens?’ and they’d look
at me as if I’d lost my mind.” Incidentally, Herb Miles is African-American.
People have collected coins for the value of their metals
for as long as coins have been minted; collecting them for their aesthetic
value came later. From Mesopotamia to Ancient Rome, scholars and state
treasuries collected and catalogued coins. From the middle-ages through the
eighteenth century, the hobby was mainly for the well-to-do. Today’s hobby is
rooted in the nineteenth century when the new middle class adopted the leisure
activities of the wealthy.
Coin collecting is accessible in some form or another to
nearly everyone. The wide variety of denominations, conditions, materials, and origins
mean that collectors have an enormous spectrum from which to choose. Values run
from a few cents to the astronomical. An excellent specimen of one of the first
coins to come from the first US mint in Philadelphia, a rare “chain cent,” is
worth $750,000!
One of the problems facing the Fremont Coin Club and clubs
around the country is the difficulty of finding new members. While the Internet
and eBay have seemingly made it easy for less social collectors to enjoy their
hobby alone, according to a 2008 article in the Numismatic News by Jim Majoros,
clubs were even in decline before the Web. His calculations suggest that in the
years between 1975 and 2008, there was a 60 percent loss of coin club membership.
California alone went from 173 to 59 recognized clubs. As a result, most clubs
are finding ways of getting youth interested early.
Roger Lyles, a charter member of the Fremont club, describes
the life cycle of the collector thus: “Kids get introduced to the hobby by an
elder, usually someone from the family. As a kid, the young collector might
chase a few coins, but then life happens. Only when that person achieves
middle-age and attains some discretionary income (and time), the collecting
flame is rekindled. Then that collector passes on the interest to a child, or
grandchild, thus completing the cycle.” Lyles’ version would account for the
preponderance of seniors in the club, as well as the presence of a few kids who
act as auction runners or give show and tell talks about their favorite coins.
Visitors to Fremont Coin Club meeting can peruse member
displays, participate in a show and tell, listen to a short talk, and bid on
items consigned by members, who may keep the proceeds or designate them for
club activities such as annual dinners and shows.
A sample of the sort of items auctioned off appears in the club’s
May/June 2012 newsletter: 1914 Australian Florin; Eisenhower dollar varieties;
tokens from the Western Token Jamboree and Alameda County; Indian cents;
uncirculated silver half-dollars; a mint 1910 Liberty nickel; a ten ounce silver
bar, and more.
At the January 23rd meeting, Lyles, a retired a real estate
broker of 46 years, related his own story: “My father was a collector,” said
Lyles, “and in 1952 he gave me a penny that was the size of a half dollar. I
said, ‘this is a penny?’ He saw I had an interest.” Roger’s father owned a grocery
store, where young Roger would find interesting coins and buy them with his
$1.50 an hour wage.
Four years ago he sold the business and devoted himself to
his hobby. He’s doing well. “Stuff that I may have paid five bucks for back in
1960,” says Lyles, “I get maybe seventy-five bucks today.” Is that a profit after
inflation? “Well, that’s a matter for debate. The risks you take as a coin
seller today are substantial.”
Roger spends 2 or 3 days a week involved in coin activities,
“visiting different coin shops, buying this and that.” Of course, for any
collector, there’s no selling without a little buying. “I tell my wife,” says
Lyles, “If I can’t have it to sell, I can’t sell it! If I sell one thing and I
do good, I’ll buy another and try again.”
Aside from guest speakers, the Club often hosts other
special and fun activities, such as hot dog night, ice cream socials, and their
our annual barbeque, to name a few. One of the most interesting meetings is
“other hobbies” night when everyone is encouraged to bring a sample or two and
talk about what else they collect, aside from coins and currency. “It’s amazing
what people collect,” says the Club website (http://www.fremontcoinclub.org/), “and
we love hearing about it. And let’s face it, the more people who know you
collect it, the faster your collection can grow—coin or otherwise!”
For more information on club dues, meetings, and links to
important coin related sites, visit http://www.fremontcoinclub.org/