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Newsletter of the Anchorage Coin Club
|Volume 8, Number 7||
|July Membership Meeting|
|Wed., July 5, 1995||Central Lutheran Church||
THE SUMMER PICNIC
The date and
location of the Anchorage Coin Club's annual picnic have been established by the
Board of Directors, and the appropriate reservations made by Larry Nakata.
will be held at the upper pavilion at Russian Jack Park on August 12th. The
hours will be from 11 AM through 6 PM, although if you would like to help set
up, be there around 10 AM.
provides hotdogs, hamburgers, chicken, potato chips, sodas, and utensils.
Members are encouraged to bring salads and desserts, as well as a good supply of
coins (or cards) for showing around or trading or whatever.
JULY MEMBERSHIP MEETING
President, Mike Orr, has taken the first steps toward bringing back the auctions
that were a regular fixture at our club meetings for many years.
A listing of
the lots that will be sold during the July membership meeting appears on page 3
of this newsletter. Keep in mind that there will actually be about 100 lots
total as some people intend to submit their lots at the meeting.
who has never been to one of our auctions before, be warned that the pace is
fairly quick. If there is no interest in a lot, it will be rapidly skipped to go
on to the next lot. Hence, it is best to view the lots before the meeting and
immediately before the auction, and formulate a bidding plan. Many items sell
for well below Trends values, so there are some decent bargains to be had.
SUMMER CONFERENCE COMING UP FOR YNs
Our two YNs
that will be attending this year's ANA summer conference will soon be packing
their bags for the trip to Colorado Springs. Mike Greer won his scholarship from
the error coin society, CONECA, and Robin Sisler won his as a result of the
Anchorage Coin Club donation auction organized by M. Greer.
In return for
their scholarships, our President, Mike Orr, is planning on having them take
center stage in the August membership meeting to tell us about their trip.
It seems that
an individual was able to slip a tray of coins out of the Excalibur Card shop on
Abbott Road. While the proprietors of the store were kept busy by other
customers, the thief was able to exit the store unnoticed. He is described as a
male in his 40's with a long ponytail.
has provided a list of the stolen coins below, so if you are offered a group of
coins that closely matches all or part of this list, be suspicious.
Indian Cent Proof
Silver Proof half
Silver Proof half
4) 1878 7TF
Morgan $ BU
Morgan $ BU
Morgan $ MS-63
Morgan $ G/VG
Morgan $ AU
Morgan $ BU
Morgan $ BU
Morgan $ AU
Peace $ BU
Peace $ BU
Peace $ BU
Peace $ EF
Peace $ VF
information about any of these coins may contact Mike McKinnon at the numbers
listed on the bottom of page two.
Now that we
are in the midst of summer, YN meetings will go on hiatus until the month of
October. The next scheduled YN meeting will be October 13th. This should give
our YNs the time to enjoy the summer.
For those YNs
who wish to participate in our Anchorage Coin Club's summer activities, the
club's July 5th regular meeting will feature a coin auction for the membership.
August 12th will be our club's Summer Picnic which will be held at the Russian
Jack Park between 11 AM and 6 PM. September will feature our club's seminar on
"Ancient Coinage" which will be held from September 8th through
September 10th. And of course, there are the club's regular membership meetings
which are held the first Wednesday of every month.
are still lots of activities for our YNs this summer.
meeting on June 9th covered the subject of silver dollars. Specifically, the
history of the Morgan silver dollar and it's varieties was the primary topic of
the evening. The subject of Peace dollars was also discussed at the YN meeting.
Pizza, potato chips, and soda pop was enjoyed by all who attended. Each YN was
given an uncirculated silver dollar at the conclusion of the meeting.
So Summer is
now upon us.............
Two of our
YNs, Mike Greer and Robin Sisler, will be going to the ANA Summer Conference at
Colorado Springs in several weeks. Mike Greer should be congratulated for
winning the CONECA scholarship for the event. Congratulations should also go to
Robin for being the recipient of our club's scholarship to the event this year
been a good year thus far for the YN program..............
REMEMBER THE SEMINAR
It is time to
remind everybody about the upcoming seminar to be held in Anchorage this fall.
In case you have forgotten, or you have not heard, Robert Hoge will be
presenting a seminar on "Ancient Coinage".
will be held at the Golden Lion hotel as a three day event running from
September 8 through 10. The cost is $225 to members of the Anchorage Coin Club
and $250 for non members (which includes a one year membership).
If you would
like more details, or better yet, to sign up, contact Larry Nakata at:
is a listing of the lots that will be auctioned off at the July membership
gives a brief description of the lot along with an estimated catalog (retail)
value. In cases where the coin is damaged or cleaned, the catalog value is for
an unimpaired specimen. It is up to the bidder to determine how much to discount
the coin for these imperfections. Also, if a coin has not been harshly cleaned,
it will not be mentioned here.
given are those that were arrived at by consensus grading at the June board
meeting. As always, grading is subjective, and all lots will be available for
inspection (highly recommended) before the auction.
have minimum bids to prevent the coins from selling at ridiculous prices. The
minimums are not listed here, but will be announced at the auction.
Now a listing
of the lots:
Montgomery, Alabama obsolete
2) 1948-S BU
nickel roll, 40 pieces.
Indian Cent AU cv=$14
4) 1994 US
mint World Cup
5) 1921 Peace
6) 1828 1/2
cent 12 star variety.
7) 1892 half
dollar MS-62 cv=$525
8) Group of
25 different Mercury
9) Group of
five circulated Washington
10) Group of
circulated Lincoln cents
11) Group of
31 circulated Indian cents
George III Great Britain
Great Britain 1/2 penny
Great Britain 1/2 Penny
Great Britain 1/2 penny
Great Britain 2 pence
France 50 centimes F
France 50 centimes
France 5 centimes F cv=$1.00
France 2 centimes
France 5 centimes
France 1 franc VF cv=$25
France 1/2 franc VF cv=$35
Sweden 2 kronor BU cv=$15.00
25) 1865 two
cents AU light porosity
Philippines 7 piece mint set
quarter VF with obverse
28) 1853 half
Hawaii half VF cv=$90
Hawaii dime F bent
Hawaii dime VG cv=$30.00
Hawaii dime F assorted
33) Group of
33 assorted world coins
34) 1832 half
dollar VF-30 cv=$62.00
Morgan dollar MS-62 cv=$25
Peace dollar F cv=$12.00
Peace dollar EF cv=$40.00
half VG cv=$7.50
half AU-58 cv=$5.00
40) 1955 half
half BU cv=$12.00
Large cent F cv=$18.00
43) 1857 1/2
dime F cv=$7.75
nickel BU cv=$24.50
Philippines 1/2 peso and peso
Canada quarter VF cv=$95.00
Canada quarter VF cv=$15.00
Great Britain crown VF
49) 1896 LIX
Great Britain crown VF
Bermuda 10 shillings note F
Netherlands 10 gulden note EF
Belgium 100 francs note VF cv=$5.00
Belgium 100 francs note F
Scotland 5 pound note EF
Scotland 1 pound note AU cv=$10.00
Sweden 5 kronor note BU with staple holes,
net AU cv=$18.00
dime AU cv=$5.00
58) 1941 dime
Anthology by Carl Carlson and
Michael Hodder cv=$65.00
will be submitted at the meeting. Expect the total number of lots to be in the
100 area. Good luck on your bidding!
dues report is current as of the board meeting on June 21st. If you have paid
your dues since that time, your name will still be on the dues report this
people are between one and two months behind on their dues:
#118 J. R.
#161 J. N.
#162 E. B. D.
#163 J. D.
#117 R. S. #164 C. B.
Following Local Companies and Individuals Made Contributions to the 1995 YN
and World coins
and World banknotes
June was a
Thanks are in order for Mike Nourse's presentation on Peace Dollars last month. I learned quite a bit that I did not know as I am sure all those who attended did. Atta boy Mike! The meeting was well attended for Summer as I hope it will be in July for our auction. Along with Mike's talk last month we also added seven new members to our roster:
growth for the club is the direct result of being in the public eye at our shows
last season. Welcome to all our new members. If we can do anything to help you
along the path of numismatics just let us know.
decisions were made at the last board meeting. Since we have been having trouble
with the Sears Mall wanting too much money to set up shows we are exploring the
possibility of setting up at the spring gun show. With Robert on the board we
should be able to have a positive voice on our behalf. We also have a new ANA
representative for the club since Paul has been too busy with his new job. Mike
McKinnon has volunteered to fill this position and the board concurred. Another
decision made was to have the summer picnic at a different place this year. Last
year we had derelicts accosting us at the Valley of the Moon Park. To hopefully
avoid this we are looking into having it at Russian Jack Park on the 12th of
August. We will have more on this in the next newsletter.
me to a matter of importance for our July meeting. During the past year or so we
have set aside our auctions in favor of a bid board format. Last Christmas we
brought in some coins for this but they really received few bids.
We have not had one since. This July 5th meeting I want to reestablish an
auction. When I first joined the club we had auctions every month until it
reached the point that few good submittals were being brought in with fewer lots
sold. This is an attempt to rectify that past situation and an opportunity for
members to add nice material to their collections. It may take several times for
this to become successful but it would be worth the effort. If the YN auction
was any indication I feel the club is hungry to reestablish in once again. As
usual our past rules will apply and for the new members the rules will be
published in this newsletter. If nothing else comes from this effort at least
the board meeting was a lot more lively. It was fun as we were again grading
coins and haggling over these different lots. For the new members who have been
asking about learning to grade, this was a great opportunity. Grading, above
all, is very subjective and the quickest way to learn is at one of these
consensus grading sessions. You do not have to be a board member to attend. All
members are always welcome at these meetings.
to consider is to limit the auctions. I believe this should generate more
interest. The next one I propose will be for the Christmas meeting. If you miss
this auction in July, it will be quite a while before the next one. Also,
another problem we have had has been pricing of the lots. Some of our members
thought they were being cheated as the bidding dropped way below Greysheet
levels. I am trying to eliminate this by asking participants to let me know at
what level they want me to start the bidding. Gone are the days of obtaining
material at 10 cents on the dollar level. The whole idea behind this auction is
to offer coins to the membership at a level which is fair to all parties. If we
do not do this, good items will not be submitted. The idea is to bring more
interesting lots up for bid by the membership or general public at a fair price
without disenfranchising the consignors. In the process we can generate some
revenue for the club and improve the meetings. This should prove to be fun.
values for the materials will be published in the newsletter which will come
from the Krause Micheler catalog on World coins, Catalog on US and World
currency, and the most recent trends values of US coins from Coin World. I
realize that not all parties are always going to agree on the board's consensus
grading. By no means are we the last word on grading. There will be disputed
lots in the auction and I caution each member to check out all lots they are
bidding on before they go on the block. I intend to allow enough time before and
during the meeting for this. When I call a lot up for bid, I will explain if the
lot is in dispute with the consensus grade or not. Ultimately, as always, the
bidder will make the final decision. With this in mind, lets have some fun. I
realize the meeting is July 5th, but hopefully we can extend the holiday fun one
more day and have a well attended meeting. Call the other members and your
friends for this event. Remember, the meetings are open to all and participation
in the auction is not closed to anyone. Last but not least we are setting up for
phone calls to members for the upcoming seminar. We are still needing more
participants and the hour is getting ever closer. So lets all get involved!
Until next month good luck and good hunting!
Correspondence Course: Learn Coin Grading At Home"
correspondence course entitled "Grading Coins Today" will be offered
by the ANA School or Numismatics starting on July 1, 1995.
The course was prepared by dealer Don Bonser of Orlando, Florida. A wide array of numismatic experts were consulted in the preparation of the course, including past Anchorage seminar star Ken Bressett who wrote the introduction. The focus is on commercial grading which may differ materially from the official ANA grading guide. For more info, contact the ANA at 818 North Cascade Avenue, Colorado Springs, CO 80903. Cost is $39.95.
Editor's note: this is the twelfth installment in a series of articles
started in August 1994.
Start with a
few statistics from 1900:
century started out with a bang, literally. President William McKinley was
assassinated in September 1901, allowing Vice President Theodore Roosevelt to
take the top billing. He was the youngest President ever at age 43.
President was well known as somebody who likes to be in the news. He would
always try to make big decisions and take actions on Sundays so that he could
make headlines in the Monday papers.
Roosevelt's first actions was to get the ball rolling on the construction of the
Panama Canal. A French company had started building a canal through Panama in
the 1880's, but had to stop the work due to large financial losses and large
loss of life due to malaria and yellow fever.
At the time,
Panama was a colony of Colombia. Roosevelt offered Colombia a one time payment
of $10 million along with annual rent of $250,000 for use of the canal zone, but
his offer was turned down. However, in 1903, Panama became an independent
country and they were eager to grab the $10 million. Construction of the canal
began in 1904. President Roosevelt himself visited the site in 1908, the first
time a President left United States territory. The canal would not be finished
until the year 1914.
Louis, Missouri, the Louisiana Purchase exposition was held during the summer of
1904. This is where the two varieties of commemorative gold dollars were placed
on sale; one picturing Jefferson and the other McKinley.
summer, the Lewis and Clark exposition was held in Portland, Oregon. Two gold
dollars were issued for this event as well.
In what is
almost sure to be the subject of a commemorative issue eight years from now, the
Wright brothers took the first airplane flight in history. As most people know,
the flight took place on a sandy beach in Kitty Hawk, North Carolina.
The summer of
1906 is remembered for the not so cheery event of a substantial earthquake that
hit San Francisco. This was followed by a fire that burned for two days strait.
Most of the
business district was burned down except for the San Francisco mint which was
one of the few buildings that was left standing.
political posts received salary raises during the first decade of the 1900's.
Senators and Representatives saw their pay increased to $7500 per year. The vice
president, speaker of the house, and members of the cabinet all received $12,000
per year. The president himself got a raise to a respectable $75,000.
There were a
few changes in the coins in peoples pockets during the decade. The Indian cent
gave way for the Lincoln version. George Morgan's familiar silver dollar design
went into semi retirement in 1904. The long running Liberty Head gold coins gave
way to the Indian designs and the Saint Gaudens twenty dollar piece.
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