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The Award Winning

Monthly Newsletter of the Anchorage Coin Club    

Volume 7, Number 8

August 1994

August Membership Meeting
Wed., Aug. 3, 1994 Central Lutheran Church

7:00 Open
7:30 PM Meeting



There's been an assortment of new happenings this month - all part of the continuing growth and evolution of our club.


One of the first announcements of the July membership meeting (and in my opinion, the most important) was that Mike Nourse has agreed to take over the editing of the ACCent from the retiring Jim Susky. Let me know what you think, including any suggestions for improvement. I will be at most club meetings and E-Board meetings, or can be reached at the number listed to the left.

Also, to continue Jim's plea, if anybody wishes to contribute any written matter to the newsletter, feel free to do so. Being a student right now, I know what's involved in creating an eight page document every month, so get writing out there. Right now, the push is on for good articles on the subject of United States commemoratives as a primer for the upcoming seminar by Anthony "Mr. Commemorative" Swiatek in late September. Many of us attending the seminar are quite rusty in this area of numismatics and could use some articles written at the beginner level.



Hats off once again to our retiring editor Jim Susky for winning the best newsletter in the country award from the ANA for a second year in a row. (Sure, Jim, how am I supposed to beat that??) Quite an impressive accomplishment.


Things are really moving along in this area, and the end is in sight. Copies of the new bylaws were passed around at the July E-Board meeting, and copies are available to any member that wishes to review them. Two copies are included: a copy of the new bylaws and a copy of the old ones showing which parts have been changed and which parts have been deleted.

The editors of this document have done a very thorough job of it; very few sentences remain unmodified from the old edition. The actual date of incorporation is expected to be in mid August.


The actual date of incorporation is expected to be in mid-August


It is time to give more thanks where thanks are due. Paul wheeler, our Secretary/Treasurer of the last year and a half has spent countless hours getting all of the financial information for the club in order. This has undoubtedly saved the club a small fortune in CPA fees. Total cost of incorporation is still expected to tip the financial scales to the tune of $1000 to $1500, but Paul assures us that the club can handle it.

Also - thanks go out to Robert Hall, Mike McKinnon, Larry Nakata, Mike Orr, and others that worked on the project of updating our bylaws.


The annual club picnic will be held once again at Valley Of The Moon Park, at the end of Arctic Boulevard. The date has been set as Saturday August 13th. The extended forecast shows that the weather should be much better for the picnic this year than last year, so there should be a good turnout.

The club supplies the picnic basics, such as hot dogs, burgers, buns, and sodas. Persons attending the picnic are asked to bring a small side dish or dessert. Set up will begin at 10AM with cooking to begin around 11AM. The picnic officially starts at noon and runs until 6PM.

Last year's picnic featured less than perfect weather including rainy and cold conditions. Even through this, over 25 people attended to enjoy the good food and to view the coins submitted for the upcoming auction. There is not any official coin viewing planned for this year's picnic, so all in attendance are expected to bring bust half dimes, seated dollars, $2.50 gold pieces, etc. to pass around.


The second big new news item for August is the first edition of the Anchorage Coin Club's bid board auction. You may have even noticed that the familiar old auction rules on the back page have been replaced by our new bid board rules.

As discussed at the meetings, cards for the bid board may be purchased at a flat fee of 50 cents each, no matter what the value of the coin to be submitted. This has the advantage of allowing interested members to purchase cards well before the auction, and without even knowing what they are planning to submit. A limit of 100 cards will be sold for each auction. As with the auction, the bid board will be held once every two months

The first bid board will be held at the August meeting

In order to keep things somewhat under control, minimum bidding increments have been established. For lots with a current bid under $5, the minimum bidding increment is 25 cents. Once a lot passes the $5 mark, the minimum bidding increment is 5% of the last bid.

A sample bid board card is illustrated here. If the owner of the coin wishes to put a minimum bid on a lot, this may be entered on the first line, placing MB in the bidder number column. Bidding will continue for an unknown period of time, and will cease when an alarm clock sounds. Bidders will not know exactly when the alarm will sound, but the time allowed for bidding will probably be close to half an hour. When the alarm sounds, bidding will cease and bidders will settle up with the owners of the coins.

Any person wishing to have the coins that they will be submitting for the bid board promoted in the newsletter may bring them to the E-Board meeting to be consensus graded by those in attendance. There is a limit of ten lots per member per bid board, although this rule will be waived if some cards remain unsold on the night of the auction.



At this time, there are 15 people committed to attending the seminar this fall. We need seven more to make this a success. Larry Nakata has undertaken an ambitious letter writing campaign to increase the number of attendees. In addition, there is a full page advertisement promoting the seminar in this issue of the newsletter, flyers at Roy's Coins and Carl's Jewelers, and an ad running in the Anchorage Daily News.

Just in case anybody has missed all of these sources of information, this year's seminar will feature Mr. Anthony Swiatek, a noted expert on United States commemoratives and owner of Minerva Coins and Jewelry. The two main topics will be coin grading and, of course, US commemorative coinage. Mr. Swiatek has written several books, including a commemorative encyclopedia and a book about Walking Liberty half dollars.

The seminar will be held at the Golden Lion hotel on September 16th through 18th. Cost for the three days is $225 ($250 for non club members) which includes some munchies throughout the day and an assortment of books. Larry can be reached at the following numbers in order to get more information or, better yet, to sign up:

                Days:                269-5603
                Evenings:             563-1729



Lots of prizes were given away at the July meeting, starting with Bill McGinnis winning the door prize of a 1972 mint set. The kitty remained unclaimed as the number of the non-attending Bill Preston was drawn. Consistently lucky Nathaniel Grabman won the membership prize of a 1971 proof Ike dollar.

The big winner of the night was Larry Nakata, who won the raffle prize. Larry is now the proud owner of an ANACS slabbed EF40 1828 half cent, of the 12 star variety. In a continuing show of generosity, Larry announced at the July E-Board meeting that he will be donating this coin along with a previous raffle winning to the YN program. You may see these coins in a bid board auction, with the proceeds used to purchase other coins or books that can be more evenly divided among the YN's. Way to go Larry!


A Message From Secretary / Treasurer Paul Wheeler:

The dues reports have been less than successful, but here it is again. Last month, only one person listed responded, and that individual was in category 4. The result is that we are sending out twenty less newsletters this month. We hate to lose members, but it is not fair to those members that are up to date to send newsletters to those members that are not current. Here is the August standing:



Over three months behind who will receive no newsletter next month

#48 - Chris Schmiedeskamp

#112 - James Hailey

#113 - Robert Luetzow

#114 - Tim Wynn



Between one and three months behind

#19 - Tom Taylor

#116 - Bradley Young

#117 - Robin Sisler


Currently due

#30 - Walt Fournier

#51 - Greg Durocher



Due next month

#81 - Michael Greer

#82 - Bill Preston

#98 - Kaye Dethridge

#120 - Daniel Gross



Jim Walston announced that individuals wishing to submit coins for ANACS slabbing may do so through him. Give him a call at home at 248-5566 for details.

An ANACS summer sale is in progress until October, and the following price structure may apply:

For 2 to 3 week turnaround:

1 to 10 coins at $10 per coin plus shipping.

For 5 working day turnaround:

1 to 2 coins at $21 per coin plus shipping.

3 to 4 coins at $21 per coin postpaid.

5 or more coins at $15 per coin postpaid.


The July meeting's educational program featured a slide show borrowed from the ANA's library entitled "Coins With Special Significance". The show, narrated by vice president Mike Orr, featured fascinating tidbits of information about ancients, medieval coinage, colonials, American coinage, and American commemoratives.


THE 1790'S:

Editor's note: This is the first of what may become a series of articles looking at the history of the United States, including significant events occurring around the world. I would like to prepare these in blocks of ten years starting with the 1790's. This decade was chosen as the starting point due to the start of regular issue US coinage in 1793. I know we have all seen this before, but I suspect that I am not the only member that's forgotten most of it.

        The government of the United States was built almost from the ground up during the years 1785 to 1800, and remains in virtually the same format two hundred years later. The big event of those years was the writing of the Constitution in 1787. This event, of course, was commemorated 200 years later with the issuance of a silver dollar and $5 gold piece.

The year 1789 saw the election of our first president, George Washington. We all know that George has had several commemoratives issued in his honor, starting with the circulating quarter in 1932 on what would have been his 200th birthday. For his theoretical 250th birthday, the first commemorative half dollar since the 1950's was issued in Washington's honor. These silver halves were the start of what is now referred to as the modern commemorative series.

All that aside, it is time to return to today's history lesson. Washington, with John Adams as vice president, determined that one of his most important tasks was to make the people in the new country feel like citizens of the United States rather than citizens of their own particular state. One of his first tasks was to surround himself with a group of advisors, known as his cabinet, to help with the task of running the country. Many of the names will sound familiar. The first secretary of state was Thomas Jefferson, immortalized on our circulating nickel and a 1994 commemorative coin series. Alexander Hamilton (of $10 bill fame) was the secretary of the treasury.

Hamilton put together a comprehensive financial plan for the new country with a Bank of the United States as its centerpiece. This was the bank where the government would keep all of its money generated through taxation, as well as a place for rich individuals to deposit their fortunes.

Another part of Hamilton's master plan was to have the government pay off the debts of each of the states. Virginia, having no debt, was obviously opposed to this part of the deal. A compromise was finally reached in which the state's debts would be paid off, and in return the capital of the United States would be moved from its present location in New York to the banks of the Potomac river. Philadelphians were distressed, hoping that their city would become the site of the new capital. They did, however, have this honor for the next ten years while the District of Columbia was being built.

Meanwhile, congress was busy working on the first amendments to the newly written constitution. The states submitted suggestions for amendments, of which twelve were approved by congress. When all was said and done, ten of these amendments remained, and were added to the constitution. Known as the Bill of Rights, these first ten amendments were given their place among the modern commemorative issues in 1993. I am not exactly sure what is being commemorated, as the Bill of Rights was actually approved in 1791.

When Washington chose personnel for his cabinet, he made no effort to choose people that would always agree with him. In fact, many of them had very different views on how things should be run. These disagreements led to the formation of political parties. Alexander Hamilton wanted a large, controlling government.

He wanted capital to be pooled so that investments in manufacturing could be made. Thomas Jefferson distrusted large and powerful governments, and wanted to join the people together to allow them to govern themselves to a large extent. Hamilton won Washington's support, and with their followers, they became the Federalist party. Jefferson and his supporters formed the Republican party.

Washington was quite well ready to let somebody else take over as president when his first term was over, but he felt that the country was still too divided and there was more work for him to do to tie everybody together. Reluctantly, he ran for reelection and won.

While all of this was going on in the United States, a revolution was taking place in France. A general state of chaos took place in Europe as the other countries, led by the British, went to war against France. (The French revolution is still celebrated in France today on Bastille day) The US was in a quandary with each side accusing us of helping the other. France thought that we should help them because they helped us in the revolutionary war. The British wanted our help because of the good trading relationship that had developed. Over here, the Federalists wanted to side with the British while the Republicans wanted to side with the French. Believing that Americans should keep out of European affairs, president Washington issued a proclamation of neutrality in 1793. Further, Jay's treaty was signed with the British which stated that the British would leave us alone as long as we did not supply the French.

George Washington's second term ended in 1796. For the upcoming election, the Federalist candidates were John Adams for president with Thomas Pinckney for vice president. The Republican ticket featured Thomas Jefferson for president and Aaron Burr for vice president.

Elections were determined in a somewhat different manner in these years. The individual receiving the most electoral votes was elected president while the person receiving the second highest number was vice president, no matter what party these people were from.

Hence, the result of the election was that Adams was elected president with 71 electoral votes and Jefferson vice president with 68 electoral votes.

When Adams took the helm in 1796, one of the largest crises facing him was that the French had started attacking American ships in retaliation for treaties that had been signed with the British. In what would eventually be called the XYZ affair, Adams sent three representatives to France to try and patch things up. The French were not impressed and sent three of their own representatives (later nicknamed X, Y, and Z) to demand a bribe from the Americans in order to stop the attacks.

The Americans were outraged at this demand for a bribe and prepared for war. In the end, it was determined that we did not have enough fighting force to have much of a chance of defeating the French, and so war was avoided. However, this prompted Adams and congress to dip into the US treasury to form an army and a navy to be prepared for any future military needs.

Much of the popularity of John Adams was based on his preparations for war against the French. War was not going well for the French by the end of the decade. By 1799, the French army under Napoleon Bonaparte was trapped in Egypt while the British, Russians, and
Austrians pummeled the French at home. At this point, they were too busy to attack the Americans, and even wanted to sign a peace treaty. Adams went ahead and made peace with the French. This was good for our country, but bad for his popularity. As a result, Adams lost the election of 1800. In fact, his loss of popularity would be projected to his political party; the Federalists would never have another president elected from their party.





To all YN's: remember that the next YN meeting will be held on the second Friday of October - October 14th at the Central Lutheran Church. All YN's, as always are encouraged to attend the regular meetings on the first Wednesday of each month. Larry would also like to remind you about the picnic on August 13th at Valley of the Moon Park.



The fall shows are coming up. At least two are already planned, and a third is a possibility. Carl at Carl's Jewelers has three wooden display cases for sale for anybody in need of these basic pieces of show equipment.


The Anchorage Coin Club

Meetings:       Membership meeting - First Wednesday of the month, 7:30 PM
                        E-Board meeting - Third Wednesday of the month, 7:00 PM
                        Meetings held at the Central Lutheran Church, at the corner of 15th and Cordova


Club Officers

President-                     Mike McKinnon      Days: 786-7490
                                                                        Eves: 248-0955

V. President-                 Mike Orr                 Days: 258-9100

Treasurer-                      Paul Wheeler         Days: 563-3910
                                                                        Eves: 694-0962

Sec./Editor-                   Mike Nourse          Any: 344-9856

Board of Directors

Robert Hall-                     Days: 265-8782

Roy Brown-                     Eves: 563-6708  

Larry Nakata-                 Days: 269-5603
                                         Eves: 563-1729


Life Membership                      $250
Regular Membership               $25/year
Associate Membership           $10/year
Junior Membership                  $5/year


To save cost, members not responding to renewal notices within three months will be considered inactive.

The Anchorage Coin Club is a non-profit organization formed to provide information, education, and a meeting place for individuals having an interest in numismatics.

Correspondence Address: PO Box 230169  Anchorage, Alaska 99523