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William T. Gibbs

Bill’s Corner

William T. Gibbs

William was appointed the managing editor effective May 1, 2015. He joined the Coin World editorial staff in 1976 as an assistant editor for "Collectors' Clearinghouse" and later became a senior staff writer before being appointed news editor. As managing editor, he manages the day-to-day editorial operations for Coin World, both print and online, and leads the editorial staff. He also serves as chief copy editor for all Coin World publications, including for all books published by Coin World since 1985. He has been project editor of mulitple editions of the Coin World Almanac. Bill began collecting coins at the age of 10 and soon discovered Coin World. As a teen interested in numismatics and journalism, he identified a writing position on the staff of Coin World as a dream job, which was realized shortly after he graduated from Bowling Green State University with a major in journalism. He collects store cards and medals depicting Adm. George Dewey of Spanish-American War fame.

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Archive for 'July 2016'

    ANA marks 125 years with annual convention

    July 15, 2016 11:12 AM by

    How do you celebrate your 125th birthday? Attendees at the 2016 American Numismatic Association World’s Fair of Money will learn how the association celebrates its quasquicentennial when it holds what is traditionally the biggest coin show of the year in the United States.

    The ANA World’s Fair of Money “is the biggest, most educational coin show in the country,” in the association’s own words. This year’s event is scheduled for Aug. 9 to 13 in Anaheim, Calif. Previews of the convention appear here.

    The ANA was founded in 1891 by  Michigan physician George Heath, who operated a small coin business on the side and who since 1888 had published a small periodical that he called The Numismatist. In early 1891, he used the pages of his journal to ask, “Whats the matter of having an American Numismatic Association? ... Would it be practicable?” As columnist Joel Orosz wrote in his “Numismatic Bookie” column in the June 20 issue of Coin World, “Favorable responses abounded; in the June number, he nominated a slate of officers for the association.” 

    For the past 125 years, the ANA has met the needs of coin collectors, offering a club journal (The Numismatist eventually became the property of the ANA), an annual convention, and much more. 
     
    The ANA has changed over the years. Until 1967 it had no headquarters and all association business was operated out of the officers’ homes. Today it has a headquarters, museum and lending library in Colorado Springs, Colo.
     
    The ANA has also changed how it welcomes collectors below the age of 18, as longtime Coin World columnist Q. David Bowers recounts, writing about his first experiences with the organization in the 1950s when he was in his mid-teens. In that era, the general reaction of the ANA to a youthful collector was, basically, “Go away kid, you’re bothering me.” 

    Today the ANA wants young collectors to join its ranks. It offers special educational and fun programs, literary contests, scholarships, and much more that is geared specifically at the young numismatist. The ANA leadership recognizes that the hobby needs to continually refresh collector rolls to ensure that the hobby does not die along with aging collectors (a sizeable majority of hobbyists is in the 50- and 60-year age bracket and even older).

    For those of you attending the 2016 convention, have fun looking at and buying coins and notes and more. For those unable to attend the show, try to attend a future show (the location changes from year to year). It is well worth the time and expense.

    And if you are not an ANA member, join. You will get the award-winning The Numismatist, access to the largest lending numismatic library in the world, and much more. 

    What are you waiting on? 

    Congress should let these two commemorative coin bills die

    July 12, 2016 1:40 PM by
    One of the many truisms of the modern U.S. commemorative coin program is that most of the sales in a program occur during the first few weeks or couple of months after sales open.

    So why have two members of Congress from Massachusetts introduced a two-year three-coin program for 2020 to 2021?

    The twin bills call for half dollars, dollars, and half eagles to celebrate the 400th anniversary of the landing and settlement of Plymouth Colony, the signing of the Mayflower Compact, and the role of the indigenous Wampanoag tribes in the realization of the settlement.

    Since the reintroduction of commemorative U.S. coins in 1982, just two programs were authorized to last more than one year. Both marked Summer Olympic Games held in the United States and both featured multiple designs in an effort to encourage buyers to purchase coins over a prolonged period of time.

    The bills now before the House and the Senate, H.R. 5598 and S. 3105, do not follow that model. Both measures seek to authorize three coins of single designs to be issued over a two-year period starting Jan. 1, 2020. However, there is little evidence that the coin collector community will provide a steady source of buyers for the duration of the program. In 2007, when similar Jamestown 400th anniversary coins were sold, the vast majority were purchased in the first few months of sales, with sales then dwindling for the rest of the year

    The two bills have other troubling provisions, these involving the designs and design process. The scope of the program is very broad — capturing all of the history encompassed by the legislation on a single coin would be difficult for designers to attempt.  Furthermore, the bills name 10 entities that the Mint will have to consult with in designing the coins, and that’s before sending the designs to the two federal panels that regularly review coinage designs. Having that many critics involved will be a nightmare for the Mint’s design team.

    Monitors of the legislative process give the bills scant chances of passing, which is a good thing. Neither measure deserves to become law in its current form.