Return to Alaska Coin Exchange homepage
Return to ACCent homepage
Newsletter of the Anchorage Coin Club
|Volume 8, Number 2||
|August Membership Meeting|
|Wed., Feb. 1, 1995||Central Lutheran Church||
big news right now is the upcoming YN auction, to be held at the February
membership meeting, on Wednesday the first.
amounts of material have been donated by several generous dealers from outside,
and donations are rolling in from the local collectors and dealers. Members
should bring their donations to the Feb. meeting. More information on the
auction, along with a list of lots to be auctioned, can be found on pages two
ready for the upcoming YN donation auction!
ELECTIONS COMING UP...
once again, it is time for our club elections. This matter was discussed at the
January 18th E-Board, and the following recommendations have been made:
President - Mike Orr
Vice President - Mike Greer
Treasurer - Kurtis Hawke
Secretary - Mike Nourse
Keep in mind that these are just recommendations. Elections are open to anybody that wishes to run for one of the posts. Nominations will be open at the March meeting, just before the election. If you wish to run for office, make sure that you attend the March meeting.
the success of our seminar last fall featuring Anthony Swiatek, ideas are being
tossed around about having another seminar this coming fall. The topic of choice
is ancient Greek and Roman coins, including Medieval coinage. Emphasis will be
on the proper way to grade these pieces (very different from regular issue US
coins) and counterfeit detection.
Nakata, who puts a substantial amount of time and effort into setting up these
seminars, would like to get some idea of the interest level for such an event at
the February meeting. In making your decision, assume that the seminar will cost
approximately $225 and be taking place in mid September.
REMAINING SHOWS THIS SPRING
are two shows remaining in the spring lineup:
Mall - February 3-4
Mall - March 10-12
Mall Feb. 4-5
setup for the Sears show will be on Friday the third at 5.00P. Any help in this
department will be appreciated!
Another reminder is that payment is due for the Northway show by the February 15th E-Board meeting.
The Young Numismatist donation auction is set to be held at the February 1st
membership meeting. For those that have not kept up lately, this is an auction
of donated coin related material, the proceeds of which will be used to pay for
a scholarship to send one of our club's Young Numismatists to attend an ANA
summer seminar in Colorado Springs, Colorado.
cost for this scholarship is expected to be in the area of $500, which will
cover the cost of airfare (assuming that we can find somebody with a dividend
ticket for sale) and the cost of the seminar. Food and lodging, as well as
instructional materials, are included in the cost of the seminar.
scholarship is estimated to cost $500, including airfare and the cost of the
auctioneer Bill D'Atri has agreed to take his post once again at the front of
the room for this event. For anybody that has never attended an auction
conducted by Bill, be prepared for a bit of fast action. The more lots that are
available, the faster Bill will go. It is suggested that participants have some
idea of which lots he/she is interested in before the auction begins, to prevent
difference between this auction and our other auctions is that there will be no
minimum bid on any lots. All lots will be sold to the highest bidder. It is
hoped that bidders will be willing to pay close to market value for these items,
as the objective is to make sure that we have enough money to cover all of the
costs of sending a YN to Colorado.
has yet to be determined exactly how to decide which YN from our club will be
the lucky recipient of the scholarship. Anybody with ideas on how to make the
decision, please bring them up at the meeting or contact board member Larry
now, here is our listing of the lots that will be auctioned. The lots are not in
the order that they will actually be auctioned, so plan on spending some time at
the meeting looking over the lots. Also, you may want to take a look at some of
the lots that are only given a general listing, such as "3 different coin
no further ado:
King of Siam sale video (VHS)
Coin video (VHS)
Four silver bullion coins: Poland,
Three 1994 Redbooks (may be broken
Three different coin books
Chinese commemoratives (two)
Fifty mixed foreign notes (two groups)
Cherry Picker's Guide, third edition
Alaska bronze statehood medal
1941-D Jefferson nickel MS-66 full
1934 Peace dollar EF
1983 Lincoln cent pre-cud
1945-P Mercury dime AU-50
1936-S/S RPM#1 Buffalo nickel F-12
only 9 to 16 known
1964-D/D Kennedy half BU
1961 Franklin half proof. Double die
1950-D Roosevelt dime BU full lower
1953-S Roosevelt dime MS-63
1939-S Lincoln cent RPM #2 BU
1982-P Jefferson nickel BU
Nathan Palmer commemorative
1972 Lincoln cent double die
obverse #7 BU
1947-S/S Lincoln cent BU
1946-S/S Lincoln cent BU
1961-D/D Lincoln cent BU
1963-D/D Lincoln cent BU
1960-D/D Lincoln cent BU
1880-S 80/79 Morgan dollar AU
1971 Lincoln cent double die obverse
1955 Washington quarter Proof
1956 Washington quarter Proof
1939 Jefferson nickel double die
Selection of three books (may be
divided into three lots)
Book - Coin Collector's Survival
1995 Coin Dealer Rating Guide
One year free rental of a safety
Size is 3" by 10" by 24" deep.
NCI Grading Guide
1828 1/2 cent ANACS-40 12 star
1834 1/2 cent ANACS-40
Group of five 1975-S proof sets
to be added with local donations and other donations still coming in from
Hall has passed on to your editor a group of news releases from the ANA. A
summary of these releases is presented below:
for nominations of ANA officers begins biennial election process"
offices are opening up: the presidency, the vice presidency, and all seven
governors' positions. Each position is a two year term.
this subject, our club has endorsed the nominations of the following
Swiatek - Vice President
Boling - Board of Governors
Lewis - Board of Governors
increase and term limitations among issues to be considered by ANA board in
proposal has been made to raise dues by 11.5 percent to offset increasing
postal rates. This will be the first increase in dues since 1988.
two different term limit proposals will be considered.
Pont class I 1804 Bust dollar donated to ANA museum"
du Pont is donating one of eight known 1804 class I silver dollars to the ANA
Money Museum. The class III specimen that had been on loan to the museum by du
Pont will be given to the Smithsonian Institution.
additions and old favorites scheduled for ANA summer conference"
listing of 18 new classes to be offered in July 1995 is presented.
up for the 1995 ANA world series of numismatics to be held at 104th
anniversary convention in Anaheim"
members are encouraged to submit questions to be used in the numismatic world
series. Questions must be in one of the ten categories listed.
CLUB MEMBER BEN GUILD PUTS ON SHOWS
"The biggest little show in town", a series of monthly shows will be
held at the Valley River mall in Eagle River.
should be noted that these are not club sponsored shows; they are strictly a
show schedule is as follows, with other significant events in parenthesis:
14&15 (21&22 gun show)
11&12 (Antiques show after
11 & 12 (10-12 Anchorage Coin
Club show - Northway Mall)
22&23 (15th Tax day)
20&21 (7th Mothers day)
17&18 (Fathers day)
15&16 (6-9 Bear paw festival)
9&10 (school starts)
14&15 (3 day holiday)
11&12 (Veteran's day)
16&17 (pre Christmas)
that is interested in finding out details about these shows should call bourse
chairman Ben Guild at 688-3082.
LOOK OUT DENNIS HELLER - HERE COMES BEN!
of Numismatic News should keep their eyes open for a string of mail bid sales
to be run by club member Ben Guild. They may be found in the Collector's
Marketplace section of the paper under the name GE coins.
does not permit the listing of each of the coins entered in the investment
contest this month but here are the standings as the contest winds down:
Value = $1001.00
Value = $845.00
Value = $975.00
Value = $953.50
February 1st coin club meeting will feature a YN coin auction who's proceeds
will go towards YN (Young Numismatist) scholarships for the summer ANA
seminars in Colorado Springs. Coins and other numismatic donations will be
auctioned off at this meeting.
number of coin dealers and contributors in the lower 48 have already donated
material towards this auction. We also have donations that were made by club
members and additional donations are expected at the February 1st meeting to
round out the auction lots. There are approximately 40 to 50 lots towards the
YN coin auction and we hope to see more donations from our membership.
is certainly a very noble cause and we are confident that there will be a very
good turnout for this auction by our club membership.
have also been encouraging our YNs (ages 13 thru 17) to put in for
scholarships with the ANA for the Summer seminar. Only so many scholarships
are available throughout the country........hence the need for this auction.
If the proceeds from this auction can at least send one YN to Colorado Springs
this year, we will have succeeded.
you at the February 1st meeting.........
- Larry Nakata
this is the seventh installment in a series of articles started in August 1994.
I found the 1850's to be a surprisingly uneventful decade - obviously the calm
before the storm!
US population increased quite rapidly, growing from 23 million in 1850 to 31
million at the end of the decade. The national debt actually decreased from $63
million to $60 million (barely one hundred thousandth of its present $5
note to numismatists, in 1851 congress reduced the price of a stamp to three
cents for up to a half ounce, to be delivered within 3000 miles. This led to the
introduction of the three cent piece that same year, with the three dollar gold
piece soon to follow.
the country growing in size and population, Americans started thinking about
opportunities overseas. In 1850, the Americans and British signed a treaty to
jointly build a canal across the narrowest part of Central America in Panama.
The Panama canal would not be built for a number of years, but they wanted to
let the rest of the world know who had control over the area.
1852, President Fillmore sent Commodore Matthew Perry to Japan to try to
persuade the Japanese to open their ports for American trade. He would not leave
until he was assured that his request would be passed on to the emperor. He
returned to Japan a year later to get an answer, which was yes. Six ports were
open to American ships by 1858.
next attempt at expansion turned out to be a failure. This was the plan to try
to purchase Cuba from Spain in 1853.
feared that Cuba would be added as a slave state, and protested loudly. The plan
to buy Cuba had to be abandoned.
the home front, slavery was an issue that was receiving more and more attention.
Harriet Beecher Stowe's Uncle Tom's Cabin
was published in 1851, and sold 300,000 copies in the first year. The author's
gift for character development made many people see slaves as individuals for
the first time.
underground railroad, a string of hideouts from the south up to Canada, allowed
between 40,000 and 100,000 slaves to escape to Canada. The famous Harriet Tubman
made two trips each year to bring slaves north.
famous Lincoln - Douglas debates took place in Illinois in 1858. Both men were
running for the post of Senator for that state, but their widely opposing views
attracted national attention. In addition, the debates made Abraham Lincoln a
nationally known name, which would serve him well in the Presidential election
south was loosing its share of control in the US government. In 1858, Minnesota
was admitted as a free state, and Oregon was added the next year, also as a free
state. This brought the balance to 18 free states and 15 slave states. There
were no new slave states in sight, and there was little hope left for allowing
slavery in the territories.
other news, 1859 was a year of discovery in the US. The first oil well in the
country was drilled that year in Oil Creek, Pennsylvania. Also, silver was
discovered in the Comstock Lode in Nevada. This, of course, led to the
establishment of the Carson City Mint in Carson City, Nevada a decade later.
the coinage front, there was quite a bit happening in the decade of the 1850's.
The gold dollar, introduced in 1849, saw heavy production in the 1850's. The
twenty dollar gold piece, authorized in 1849 as well, saw its first general
production in 1850 in numbers exceeding one million coins per year in most
years. As mentioned earlier, the three cent piece and three dollar gold piece
also made their debut in the 1850's.
of gold in California in large quantities forced the price of silver up with
relation to gold. This resulted in a reduction of the weights of all silver
coins except the silver dollars in 1853. This change was accompanied by the
addition of arrows on all denominations from half dimes through half dollars,
and rays on the reverse of the quarter and half dollar. The rays only lasted
that one year, and the arrows were gone two years later.
the most obvious change came in the area of copper coins. The cent and half cent
were not very popular in their day and cost the mint a great deal to produce.
The law of 1857 dropped the half cent entirely and completely changed the cent.
new cent was smaller and thinner and made from a nickel - copper composition.
The first design featured a flying eagle on the obverse, but this was only used
for general production for two years. The still popular Indian cent first
appeared in 1859, made of the same materials as the flying eagle cent. This was
a one year type, with no shield on the reverse above the wreath.
important factor of the law of 1857 is that it removed the legal tender status
of Spanish coins, which circulated freely until that time.
Larry Nakata, As told by Skip Pelleteer
While manning the coin club table at the Cottonwood Creek coin show in Wasilla
earlier this month, I got into an interesting conversation with one of our club
members, Skip Pelleteer. Skip is also a member of the EAC (Early American Copper
commented to Skip that I had a problem with my Uncirculated coppers. Seems that
spotting, fingerprints, and even green slime was beginning to show on my copper
collection. Being distressed about this situation, I asked Skip what could be
done to minimize the problem. What ensued was a fascinating discussion by Skip
on how he protects his copper coins.
told me to get the following items:
Xylene (sold by Spenard Builders Supply). Approximately $7.50 per bottle.
A sable painting brush (sold by art stores in Anchorage). It’s expensive....it
cost me about $16 for this special soft painting brush.
“Blue Ribbon”. It has a texture much like olive oil and is sold in two ounce
bottles. Skip buys his “Blue Ribbon” from another EAC member in the lower
Cincinnati, OH 45215
can buy it for $2.50 per bottle plus postage.
A #4 soft jeweler’s brush (also known as a goat hair brush). Rod Burress also
sells these brushes. Cost is $7.50 per brush plus postage. If you buy the brush
and the “Blue Ribbon”, figure on cost of postage at approximately $2.75.
Paper envelopes (2X2 size) no sulfur in paper. Our local coin dealer and club
member, Roy Brown, sells these envelopes.
White cotton (100%) flannel material. The fabric sections of Wal-Mart, K-Mart,
Payless, or any department store should carry this flannel. A small 3’ by 3’
piece should suffice. Cost is about $3 per yard.
Take your copper coin and apply xylene on the surface with the sable brush. The
xylene will emulsify any oils and junk from the surface of the coin. The texture
of xylene is much like acetate and will dry quickly.
If the coin is not a problem coin, you can either apply or soak the coin in
“Blue Ribbon”. If you have a problem coin, soak it overnight or over a
period of months. When done, let the “Blue Ribbon” drip off the coin.
Use tissue paper (thick unscented white Kleenex) and gently pat dry out the
excess “Blue Ribbon” from the coin. There will still be a fine layer of
“Blue Ribbon” on the copper coin.....but the fine layer is designed to
prevent any further oxidation on the copper coin.
Use the goat hair brush to gently remove any excess lint from the surface of the
Construct (with scissors) a 4X2 section of white flannel, fold in half, and
place the flannel inside of a 2X2 non-sulphur paper envelope. You can label the
paper envelope accordingly.
Gently place the copper coin in between the white flannel sections.
to skip, use of an airtite holder or 2X2 Mylar holder is not recommended. It
tends to keep the moisture in the holder and cause corrosion of the coin.
coin needs to breathe, hence the need for a 2X2 paper envelope with a flannel
to Skip, the copper coin should last a long time with no deterioration. Whenever
handling the copper coins, be sure to brush gently with the goat hair brush to
remove any lint before putting it back into the 2X2 paper envelope.
If you have any questions about the care of copper coins, contact Skip. Skip’s evening number is 745-4477.
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