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Newsletter of the Anchorage Coin Club
|Volume 8, Number 4||
|April Membership Meeting|
|Wed., April 5, 1995||Central Lutheran Church||
1995 elections were held at the beginning of the March membership meeting with
the following results:
President: Mike Greer
of Directors: Larry Nakata
to all of the elected officials and best wishes to the outgoing staff!
usual, upon stepping down from the presidency, Mike McKinnon is now a member of
the board of directors.
show committee had its first meeting on March 15th, immediately preceding the
board of directors meeting. About ten people were in attendance for the event.
the items discussed was a reiteration of the need for proper accounting for all
show income and expenses for tax purposes. It was also decided that one free
table will be given to the promoter of each show due to the enormous amount of
work that is involved in putting a show together.
Remaining Spring 1995
for scheduling, it was decided to continue to limit shows to no more than one
per month, and no show during a month in which a coin club seminar is being held
(typically once every other year in September). It was also decided that most
shows would be two day events, although this is not a hard and fast rule.
effort will be made to have at least one informational display at each show
besides the promotional club table.
ON THE SUBJECT OF DISPLAYS...
of the Northway Mall show in early March were treated to two first rate displays
arranged by our club members.
president Bill D'Atri put together a very professional display on early forms of
Alaskan money. A wide array of artifacts were shown with accompanying
descriptions about the pieces and their use.
other display was by another past president, Larry Nakata. With the help of our
YNs, and loan of materials from several club members, Larry put together a
display of altered or otherwise undesirable coinage. The pieces were seperated
by type of alteration or method of production in the case of copies.
As mentioned above, we will be looking for people to form displays for all future shows. The idea behind them is to generate interest and/or to be informative. One major qualification is that the display has to be interesting, and written materials should explain things on a level that the non collecting public will understand.
you are contemplating assembling a display for use at one or more of the club
shows, you are encouraged to contact any of the people listed at the bottom of
page two for guidance. Of course, your table for the display at the show will be
provided at no cost.
following prizes were awarded at the March meeting:
prize - Bruce Gamble
prize - John Larson
Broadstruck Jefferson nickel
prize - #58 drawn
Not attending, so it grows $5 for
Prize - John Larson
Slabbed Mercury dime
AUCTION COMING UP
remains a sizable amount of material yet to be auctioned for our YN scholarship.
These materials arrived up here too late to make it into the original auction.
Also, two boxes of printed matter were donated by Anchorage Coin Club member
in these two boxes were a number of books, old auction catalogs, magazines, and
old issues of the Numismatist. There is a large quantity of literature here, and
it is expected to generate some spirited bidding. Thanks John!
APRIL MEETING PROGRAM
April program to be held at the regular membership meeting will be a swap and
YN Auction and
Swap & Shop
idea behind the swap and shop is that it is a time for members to bring coins
that they wish to trade or sell to other members. Also, bring along your want
lists, as this will be a chance to inspect new material before the Dimond mall
many ways, this will be an extension of the activity that occurs immediately
before each meeting in which members show around their new purchases and an
abundance of buying, selling, and trading takes place. If all goes well, it is
expected that this will become a fairly regular feature at our club meetings, so
lets see how it goes this month.
National Coin Week Offers Opportunity To Advance Hobby, April 16 - 22,
celebration of the ANA's 72nd national coin week, collectors, clubs, and dealers
are encouraged to put unusual but low value coins into circulation in order to
increase awareness of coin collecting. Some popular items to spend are wheat
cents, dateless buffalo nickels, and uncut sheets of currency.
Nakata once again organized the annual contest in which the club's YNs are
tested on their ability to seek out the best deals among the tables at the
Northway Mall coin show. The winner, and still champion, was Nathaniel Grabman.
actually won by default because he was the only YN willing to brave the fierce
winds that Friday night to come out to the Northway Mall. The other YNs who
showed up on Saturday were given a chance to see how they would have done
against the master Nathaniel. It was a close call, but Nathaniel would still
have won against the competition, with new member Sarah Bilak being a strong
is going gangbusters on this years seminar with 14 people already committed to
attending. We still have a way to go before we hit the break even point of 23
people, so we need some more commitments. The sign up form is reproduced again
below for your use.
WAY TO GO, CANADA
was recently announced in one of the major coin publications that Canada would
soon begin production of a coin with a face value of $2, with a phase out of the
$2 bill shortly thereafter.
this with the fact that Mexico has put silver back in circulation, and it would
seem that this continent can be numismaticaly described as a stupidity sandwich.
Brilliant ideas are being thought of and acted on to the north and south of the
United States while we sit and watch. Kind of makes us look stupid? Well,
ridiculous at least as we continue to use a system that was developed centuries
ago, and has seen little revision since that time.
well, it appears that at least redesign of our paper money is on the horizon,
with new $100 bills scheduled for production in 1996 and one new denomination
each year thereafter.
member or subscriber may submit a classified ad for free publication. Ads are
limited to 40 words, one per month, and may be rejected if suitability is
questionable. Classified ads may be announcements, for sale, wanted, or
whatever, as long as it is somehow related to numismatics, card collecting, or
rondy pins. Call in your ad at 344-9856 or mail it to the club's PO box for
35th anniversary statehood coin, silver, $25 each. Call 248-6767.
2X2's. Sizes: dime, nickel, quarter, and dollar. $1.50 per 100. Cheap 2X2 boxes
at 25 cents each. Limited supply. Delivery at club meetings or coin shows. Call
In my first act as president, I would like to join Mike Greer, our new vice
president, and the rest of the Anchorage Coin Club in thanking several
individuals. We acknowledge and appreciate Mike McKinnon for his service as
president. He worked hard to achieve an increase in our number of shows. Largely
due to his efforts along with those of Paul Wheeler we are now incorporated as a
non profit organization and we are in good shape financially.
are also in order to Paul for his past service as treasurer as Kurtis Hawk takes
over for him. In addition, I would like to thank our newsletter editor, Mike
Nourse, as he continues the duties of club secretary. Lastly, thanks to Larry
Nakata who will be taking the open board member spot along with Roy Brown and
the automatic appointment of Mike McKinnon. ALL OF YOUR CONTRIBUTIONS HAVE BEEN
brings me to the subject of where the club should be heading. In his outgoing
letter, Mike McKinnon stated that he wanted more membership participation and I
would like to see that be our focus in the next year.
of the comments that I have heard during the last year have given me ideas. We
now have a committee to take care of show functions. I propose bringing more
programs to the meetings using more of our local talents. We have many diverse
collecting interests and a multitude of untapped knowledge.
of the things I would like the club to consider would be a swap & shop
following the business meeting. At this time, we could swap and buy from other
members or just visit. We might even want to include coin grading. Since we have
phased out auctions except for the recent YN auction, we could have a periodic
auction or bid board.
and tells are another interesting idea. You may recall that I did one on
Canadian coins a while back and Larry Nakata did one on the coins of Hawaii. We
could bring in coins related to the subject and follow the talk with a bid board
or auction. Of course all of these ideas are just proposals. I remain open to
new ideas and would appreciate input from the members.
any event, I look forward to an eventful year. Good luck and good hunting to all
- Mike Orr
March 10th YN meeting came on a very nasty, wintry day that saw wind chills to
about 25 below zero in parts of town. As a result, only one die-hard YN showed
up for the meeting..... Nathaniel Grabman. Nathaniel automatically became the
winner of the Northway Mall Coin Show contest
and had a pretty good selection of coins.
the course of the Northway Mall coin show on Saturday and Sunday, those YNs who
visited the show were given an opportunity to see how they would have fared
against Nathaniel. Included in the group was Sarah Bilak, our newest YN member.
our March 15th Anchorage Coin Club board meeting, we were split on which YN got
the best deal for $10 (see comments by our editor in this month's newsletter).
go out to YN Mike Greer on becoming the Anchorage Coin Club's Vice President.
Mike was elected at our club's March meeting. Mike was at the ANA Atlanta
Convention that week. That sort of thing
does happen when you don't show up to the club meetings. His choice as Vice
President is a first for our club, and Mike will do a fine job as Vice
are still some items remaining to be auctioned off for our YN scholarship to the
ANA Summer Seminar in Colorado Springs. We've got about $900 towards the
scholarship thanks to donations and the generous support by our membership at
the February auction. These remaining donated items arrived after the February
auction and will be auctioned off at our regular club meeting in April. Included
are various books on numismatic subjects and several hobo nickels. We ask for
your support for such a good cause.
next YN meeting will be held at 7 PM on Friday, April 14th at our regular
meeting place (the Central Lutheran Church on the corner of 15th and Cordova).
The subject of the meeting will be on Coin Grading. See you YNs at the
- Larry Nakata
again, space 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
Value = $1001.00
Value = $740.00
Value = $1000.00
Value = $953.50
Results will appear in the May newsletter!
this is the eighth installment in a series of articles started in August 1994.
with a few statistics from 1870:
big news of the 1870's was westward expansion. The transcontinental railroad was
just completed the previous year with the driving of the golden spike at
Promontory Point, Utah. This westward expansion caused a great deal of hostility
to brew up between the Indians and the settlers, starting in 1862 in Minnesota.
1871, an act was passed which put an end to the senseless treaty making with the
Indians (treaties which were usually promptly broken by the settlers). The
discovery of precious metals in the west, including the Comstock lode in Nevada
and gold in the Black Hills, encouraged more and more settlers to move west.
of the larger events in the Indian wars during this decade occurred in 1876. An
army under General George Custer surprised a Sioux camp on the Little Big Horn
river in Montana. The Sioux and Cheyenne surrounded the army and killed every
member, including Custer.
the outlook was not good. A revision of the coinage laws put the United States
on the gold standard, causing the silver bugs to refer to this legislation as
the "Crime of '73". It demonitized the silver dollar and started
production of the heavier trade dollar. It also altered the weights of the minor
silver denominations among other changes. This all led to a depression that
lasted through most of the decade.
American Centennial Exposition was held in Philadelphia in 1876. A wide array of
new technologies were shown to the general public for the first time, which
helped to stimulate spending, helping to bring the country out of the
The presidential election was also held in 1876. It was virtually a tie between the Republican and Democratic candidates, which led to accusations that each party had cheated in one manner or another. The country still thought of itself as north and south, so a compromise was struck. The Republican candidate, Rutherford B. Hayes, agreed to remove federal troops from the south and let the states run their own affairs if the Democrats would support his presidency. This was known as the compromise of 1877.
big event for coin collectors occurred during this decade. The Bland-Allison
silver law was passed over the presidents veto. This law required that between
two and four million ounces of silver had to be purchased monthly for minting
into silver dollars. We all know that this was the beginning of the popular
Morgan dollar series designed by George Morgan.
popular as these dollars are now, they were unwanted back then. The dollars saw
very little use in the eastern states, where paper money was in widespread
Coming in May: The
Mike Orr Days:
V. President- Mike Greer Eves: 344-1907
Treasurer- Kurtis Hawk
Sec./Editor- Mike Nourse Days: 344-9856
Eves: 344-9856 msg.
Board of Directors
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