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Newsletter of the Anchorage Coin Club
|Volume 7, Number 11||
|November Membership Meeting|
|Wed., Nov. 2, 1994||Central Lutheran Church||
usual during the winter months, coin and card shows are topping the news.
However, the news in this department is not all rosy. For details, read on!
bad news is that the Northway mall show scheduled for November 11 through 13 has
been canceled due to forces beyond our control. We do not pay the malls a fee to
use their facilities; the benefit that we provide to them is a well documented
significant increase in traffic. Unfortunately, we can be bumped by other
organizations that will pay for the privilege of using their space.
small show will take place at the Cottonwood Creek Mall in Wasilla (Our new
state capital??). This is our smallest show, necessitated by space constraints,
with only fourteen tables. The show is already full at this time.
to the cancellation of the Northway mall show, we have scheduled a second show
at the Valley River Center in Eagle River. Typically we try to visit each mall
once in the fall and once in the spring in order to get the maximum possible
exposure to the public, but this is not a hard and fast rule.
has also helped us out by providing some extra tables and chairs, as well as
helping with setup and breakdown of the show.
show will have space for 30 tables total. There will be ten coin tables along
the window and twenty tables in the mall area for card dealers. At this time,
there are about a dozen tables still open, but they will fill very fast when
the newsletter is mailed out. Persons interested in setting up at this show
should call your editor at 344-9856 to check for table availability.
is a new one for us! For our first time ever, we will be having a show at the
Boniface mall, on the weekend of December 3 and 4. This is also one of our
first December shows, as the malls usually have every scrap of space filled
with decorative matter.
have not yet gone to the mall to take the necessary measurements, so the exact
number of tables that will be available is not known at this time. For
information and to sign up for tables, call Phil Robertson at 338-7467.
Remaining Fall Shows: Eagle River Nov. 19-20
Wasilla Nov. 18-20
Boniface Mall Dec. 3-4
will soon be working on the spring show schedule - stay tuned!
program for November is a video on counterfeit detection. Several of us that
attended the seminar this fall have seen portions of the video, but one can
never learn too much on this subject.
the subject of fake coins, several members have submitted altered and otherwise
undesirable coins to Larry for a display at the coin shows. Keep an eye out for
The December meeting will be held on Thursday, December 8th in the large room
near the kitchen downstairs. All members will be called to find out if they will
be coming and what they plan to bring to the Christmas potluck.
people have already volunteered to bring the ham and turkey entrees. Other items
that will be needed are side dishes, desserts, etc.
seems that your editor now has competition from within the club! The YNs of the
club have produced their first newsletter issue for distribution to all YNs in
the club. This particular publication is five pages in length, and supposedly
contains an abundance of artwork.
incorporation is complete as far as the state of Alaska is concerned. There are
a few more steps to be taken before we have our nonprofit status paperwork
completed to the satisfaction of Uncle Sam. The whole thing should be over with
in the next few months.
a service to all club members, It seems that it is necessary to mention the
following name at least once, to possibly increase this publication's
is likely that sometime in the near future, the club will be required to
purchase liability insurance. This insurance will cover club members any time
that they get together to conduct activities for the club. In other words, we
will be covered at the meetings, E Board meetings, and the shows. The policy
will cover us to the tune of $1 million. As of now, we seem to be unable to
acquire this policy for any less than $1100 per year. Anybody with information
on how we may possibly be able to get such a policy for less than this amount,
please contact Robert Hall at the numbers on the front cover.
following dues report comes to us courtesy of treasurer Paul Wheeler. In this
same department, it is here noted that five new members were signed up at the
Sears mall show, and several current members brought their dues up to date.
Over three months behind who will receive no newsletter
Between one and three months behind
- Walt Fournier
- Bill Preston
- Cirrino Scavone
- Kay Detheridge
- Daniel Gross
- Jim Hill
- Jim Walston
- Brenda Hayes
Due next month
At the October 14th YN meeting, a decision was made to distribute the $100 in
ANA grab bag coins amongst all of our YNs. Each of their collections has been
enriched a bit by the generous donation made by our Anchorage Coin Club. For
those YNs who did not attend the October 14th meeting, please contact Bill
McGinnis, Mike Orr, or myself on making arrangements to get your grab bag coins.
October 14th YN meeting also featured two VHS tapes on the subjects of
"Building a Coin Collection From Pocket Change" (as narrated by Scott
Travers) and a National Geographic narration on the history of money.
was good seeing a number of our YNs visit the Sears Mall Coin Show earlier this
month. Thanks also go out to YN Joel Yarmon for his assistance in manning the
coin club table at the Eagle River Mall Coin Show.
next YN meeting is scheduled for Friday, November 11th at 7:00 PM at the Central
Lutheran Church. Arrangements are being made for a YN coin table at upcoming
coin shows starting in January. The intent is to give our YNs a chance to
participate in our Anchorage Coin Club coin shows. Accordingly, the November
11th YN meeting will focus on a planning session among the YNs on programs for
their YN table.
November 11th YN meeting will also feature a VHS tape presentation with
follow-up discussion on a topic of coin collecting. The topic will remain a
secret for now.... but should provide an interesting surprise for those YNs
attending the November 11th meeting
Although most of us
consider ourselves as independent members of an independent nation, commerce
throughout history has proven otherwise. Indeed, as in commerce in general, our
coinage history is interlinked with other nations (specifically Britain) which
forms this common thread. In an article in Coinage magazine, November 1993, a
challenge in the way modern coinage is thought of went out.
state "The next time you take a coin from your pocket or your purse, take a
close look at it, not as a potential collectible, but as an industrial object.
Inspect its edge: it will be perfectly vertical, either shiny and smooth or
reeded with perfect vertical grooves. Note its size: its diameter will be
absolutely identical to that of every other coin of the same denomination,
regardless of mint or time of minting. Consider its relief: flat and
unadventerous, but long wearing. Finally, look at the details of its design, the
placement of its legends and the numerals of its date: they will be absolutely
consistent within a given year. This is the modern coin, whose qualities we take
point of all of this in the article is that "from economic and
technological perspectives... we must accept the modern coin as a success."
They go on to say: "We must observe that it had many originators, both
heralded and unsung. But it had only one true pioneer, and that was Matthew
Boulton, of Soho, near Birmingham, England. Boulton's contributions to the art
of moneying arose from the determination to harness the force of steam to the
making of coinage."
indeed, we owe a real debt to Boulton as he and his new partner James Watt went
about their quiet revolution in the coining art. For those interested this
article goes on to explain the history of these men and the dawning of modern
coinage in England in the late 18th century.
There is a common thread which flows through the history of the new coinage of America and that of England.
reason I find this interesting is the common thread which flows through the
history of the new coinage of America and that of England. Although Boulton and
Watt made discoveries in coining that enabled England to supply an ever
expanding need for coinage in the early industrial age, America does not adapt
steam power to coinage for several decades. The point is that if it were not for
Boulton, Watt, & Company and the steam pumps they supplied to copper mines
in Cornwall and other locations in England, mine owners would not have been able
to dig deeper and more profitably.
with this came an increased supply of copper. An increase for which a use must
be found and what better use than that of coinage. At this time (later 18th
century) coinage was in chronically short supply not only in England but all
companion article in coinage states that "Elias Boudinott replaced
DeSaussure as director (of the new U. S. mint) in late October 1795... One of
his major problems... was finding a steady supply of copper... in May 1796 and
there was none in sight. After an unsatisfactory experience with the Governor
& Company of copper miners in England... Boudinott turned to Boulton."
Boulton was too busy with contracts elsewhere and put off Boudinott until later.
In the mean time the poor quality planchets and sheet copper which came from the
Governor & Company was processed and sent to the coining room of the
Philadelphia mint. In November and December 1796, the planchets were struck into
the newly designed draped bust cents. By February 1797, demand for cents was
still high so the sheet copper was scrubbed, scoured, and the 400,000 planchets
cut from it were struck into cents by March 15th.
the fall of 1797, the mint was again closed due to another yellow fever
epidemic. "While the doors were closed copper from both Boulton and
Governor and Company arrived at the Philadelphia docks..." COINage magazine
goes on to point out that "The Boulton planchets proved to be ideal, but
those from Governor & Company were just as bad as before; the latter company
would sell no more copper to the Philadelphia mint. Boulton, on the other hand,
would produce planchets for cents and half cents until 1838, providing more than
40 years of service to U. S. coinage."
The next time you admire a specimen
of early US copper,
remember the debt we owe
Matthew Boulton and James Watt.
next time you admire your collection of early U. S. copper, remember the debt we
owe Matthew Boulton and James Watt of England. Indeed these early coins are fine
examples of a common thread between the so called dispossessed "Mother
Country" and post revolutionary America. Ideology separated us at the time,
but the needs of commerce created interdependence.
from COINage Nov. 1993:
Richard The Pioneer of Modern COINage
pages 8, 9, 12, 122, 124, &126.
R. W. The Popular Early Cents pages
22, 25, 28, & 127.
ADDITIONAL INFORMATION ON LINCOLN CENTS
Editors note: The
following was excerpted from a letter received from numismatic researcher and
variety expert Bill Fivaz. Mr. Fivaz conducted a seminar here in Anchorage a few
years ago, concentrating on his specialties of grading and varieties. Thanks for
the additional information, Bill!
always, I read the latest issue from front to back, and enjoyed all the news and
articles. I especially liked Roger Wollam's article "85 Years Of Lincoln
Cents", wherein he listed the key coins of the series. However, there was
one statement under the "1922-D?" listing that I feel should be
addressed to avoid confusion. Roger stated: "It will be weakly struck on
the reverse as well as the obverse....".
should be aware that the only "1922 'No D'" cent that is generally
attributable as such and accepted by the collecting fraternity are those struck
from Die #2, the one with the strong reverse. The wheat ears must not be mushy
or ill-defined, but strong and clear. Those members who have one of my
Counterfeit Detection photo sets may refer to the photos and list of diagnostics
on this coin in that series for further information on this coin. This is not
meant in any way to "pan" Roger's article - it was an excellent
one...I just felt the members should be aware of what was accepted in the
industry as a "1922 'No D'" before going out to purchase one for their
entries were received for the investment contest. To refresh your memories, each
contestant starts out with a hypothetical $1000 with which to form a portfolio
of coins. The person with the portfolio worth the most at the end of the contest
is the winner.
three entrants were Larry Nakata, Robert Hall, and Mike Nourse. Larry has placed
his money into the BU roll market while Robert has gone for the Fine Barber dime
series. Increasing bids caused Mike to gamble that MS-64 Morgans will be
increasing over the next six months.
selections were as follows:
(1) 1936-D Lincoln Cents BU Roll 145.00
(1) 1942-P Silver Nickels BU Roll 290.00
(1) 1945-P Silver Nickels BU Roll 280.00
(1) 1945 Washington Quarters BU Roll 85.00
(1) 1952-D Franklin Halves BU Roll 185.00
Value = $985.00
(5) 1893-O Barber Dimes Fine 400.00
(10) 1898-S Barber Dimes Fine 270.00
(8) 1900-S Barber Dimes Fine 80.00
(5) 1907-D Barber Dimes Fine 47.50
(5) 1911-D Barber Dimes Fine 25.00
(5) 1912-S Barber Dimes Fine 40.00
(1) 1939-S Washington Quarter EF 12.00
Value = $874.50
Possible mistake here,
(4) 1880-S Morgan Dollars MS-64 160.00
(4) 1881-S Morgan Dollars MS-64 160.00
(4) 1882-S Morgan Dollars MS-64 160.00
(4) 1885-O Morgan Dollars MS-64 170.00
(4) 1886 Morgan Dollars MS-64 170.00
(4) 1887 Morgan Dollars MS-64 170.00
(1) 1875-CC Seated Dime
Value = $999.50
ON THE SUBJECT OF INVESTMENT...
interesting notes on commemoratives were published in the October 7th Greysheet
(Coin Dealer Newsletter). The write-up concerns the small spread in price
between the XF/AU grade and the lofty MS-65 condition.
Noted in first place is the York half dollar which has a 12.7% ($18) spread between these grades. It is currently bid at $142 in XF/AU and $160 in MS-65!
this is the fourth installment in a series of articles started in August 1994.
The depression that had started at the end of the 1810's continued through the
early 1820's. Hard times often tend to bring about a sense of every person for
themselves - and this was the case here.
country was divided into different areas (primarily North, South, and West)
depending on what there primary industry was. The North and South split was
aggravated by the fact that the southern states allowed slavery while the
northern states were free.
1820, another part of the Louisiana Territory petitioned to become the new state
of Missouri. The area met all of the qualifications, but there was a debate
about whether or not to make it a slave state or a free state; there were both
northerners and southerners populating the area.
James Tallmadge of New York proposed that no more slaves could be brought into
the area after statehood, and that all slaves born after statehood would become
free upon their 25th birthday.
seemed reasonable to most people, but it would upset a very delicate balance
that existed in the Senate. There were 22 states at the time, 11 of which were
free and 11 slave. The introduction of Missouri as a slave state would upset
this balance, hence the 11 free states would never agree to allow the petition
final solution was known as the Missouri compromise. Missouri would be admitted
as a slave state because there was already a good number of slaves in the area.
maintain the balance in the Senate, Maine would also be admitted, as a free
state. The Senate now had 12 slave states and 12 free states. To prevent such an
occurrence in the future, it was decided that no more states formed north of
36.5 degrees north latitude (the southern border of Missouri) would allow
slavery. This whole episode showed that the country was becoming severely
divided on this one issue.
Missouri would be admitted
as a slave state and Maine as a free state,
maintaining the balance in the US Senate
country's tenth presidential election occurred in 1824. The best way of going
about electing the leaders of the country had not yet been quite nailed down,
and there was a small degree of chaos.
Federalist party had dissolved by this time, leaving just the Republicans.
However, there were five of them battling for the big chair. One of the
candidates, John C. Calhoun, dropped out of the presidential race to run for the
post of vice president.
order to become president, a candidate must not only beat all competitors, but
he must also get a majority of the electoral college votes. When the election
was held, Andrew Jackson was on top with 99 electoral votes, and John Quincy
Adams was second with 84. The other two candidates, William H. Crawford and
Henry Clay, received substantially less.
to the Constitution, in a situation such as this, the decision goes to the House
of Representatives. Andrew Jackson thought that he should be elected because of
his greater number of electoral votes. However, Henry Clay did not want Jackson
to win and so gave his support to John Quincy Adams. This was enough to give
Adams the presidency.
Adams was elected, he posted Henry Clay to the best position in the Cabinet,
secretary of state. This resulted in all sorts of accusations that a deal had
been pre arranged for these two offices; the accusations would continue through
their entire term.
was an interesting fellow who would not have a chance of being elected in
today's world. He felt that he knew what was best for the country and would
never ask for advice on what to do. He never met with the common people, did not
care what they thought, and never explained his policies to anybody. All he
wanted the people to do is pay their taxes and trust him to take care of running
Adams thought little
of the American people,
what they thought,
or what they wanted.
was overall actually a good president. He was very intelligent, and studied each
problem carefully before coming to a decision as to how it should be handled.
election of 1828 saw John Quincy Adams defeated by Andrew Jackson by a large
majority. Jackson was able to appeal to a far greater number of people, and
Adams was only able to win support from the New England states. Like his father,
John Quincy Adams had lost his bid for a second term as president.
had formed a new political party known as the Democrats. The Democrats were so
popular that they not only won the presidency, they took a majority in both
houses of Congress.
Jackson was an exact opposite of Adams; he believed that the people could think
for themselves, and believed in as little government as possible. His election
resulted in one of the most famous parties in history! The party was held in the
White House on election day and resulted in the building getting severely
trashed. Jackson had to sneak out the back door when the crowd got too rowdy.
Finally the happy mob was lured outside to the White House lawn by large tubs of
The White House was trashed, and the mob had to be lured outside.
new political policies were started under Jackson. When he was elected, he
proceeded to fire all top government officials that opposed his election and
replaced them with his supporters. This policy continues to this day, although
canning 20 percent of the government may have been a bit extreme.
was also the first to really use the presidential veto power. All past
presidents only used the veto on questions concerning the Constitution. Jackson
vetoed any bill that he did not like, and he had a very definite opinion on
every bill that was sent to him.
production was up significantly this decade, although it was hardly spectacular.
Among coppers, 1,390,000 half cents and 17,142,000 large cents. These coins are
readily affordable, starting at under $25 for the half cent and under $15 for a
denominations of silver coinage were produced during the decade. Production
silver coins featured the capped bust design by John Reich with modifications by
William Kneass. Current values for these coins start at $15 each for a low grade
half dime or dime to $25 for a similar quarter or half dollar. Silver dollars
would not see regular production again until 1840.
coins of this era are all exceedingly scarce due to very low mintage and large
quantities being melted in the 1830's. Production was as follows:
of eagles was suspended in 1804 and did not resume until 1838. To acquire any
gold coin from the 1820's requires deep pockets. Even damaged specimens command
hundreds of dollars and an undamaged piece will cost thousands.
December: The 1830's
V. President- Mike Orr Days: 258-9100
Treasurer- Paul Wheeler Days: 563-3910
Sec./Editor- Mike Nourse Any: 344-9856
Board of Directors
Robert Hall- Days: 265-8782
Regular Membership $25/year
Associate Membership $10/year
Junior Membership $5/year
save cost, members not responding to renewal notices within three months will be
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