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ACCent: The Monthly Newsletter of the Anchorage Coin Club

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Volume 9, Number 9

September 1996

September Membership Meeting
Wed., September 11, 1996 Central Lutheran Church

7:30 PM Meeting



CONGRATULATIONS go to our President, Mike Greer, on receiving the American Numismatic Association's YN Numismatist of the Year Award. The announcement was made at the Denver ANA Convention earlier this month. It is a prestigious honor for our coin club to have one of our own achieve such recognition. It is a good reflection of the success of our coin club's programs. Congratulations again from your editors...

Some time has passed since our last newsletter. Your chief editor is now back from his fishing vacation (after catching bunches of salmon around the state). Much has happened during that period of time, and there are lots of announcements on events planned for the coming months.

The big event coming up is the Coin Club Seminar scheduled for Sept. 13th, 14th, and 15th at the Westcoast International Inn. There are still seats available for this seminar and members are encouraged to attend. Interested people should contact organizers Mike Greer (Daytime Ph# 278-8414) or Robert Hall (Evening Ph# 561-8343).

Our original instructor for the seminar, J.T. Stanton, will not be able to attend. In his place will be two eminent instructors, Bill Fivaz and Michael Ellis. A number of our club members remember Bill Fivaz when he taught our club's seminar on "Errors, Varieties, and Cherrypicking" back in 1991. That particular seminar proved to be a very enjoyable event for all and resulted in a number of our club members expanding their collections into the arena of errors and varieties. Bill Fivaz is well known as the co-author of the "Cherrypicker's Guide".

Michael Ellis is the President of the Numismatic organization, CONECA (Combined Organizations of Numismatic Error Collectors of America). Together they will be covering topics such as the Minting Process, Coin Photography, Hobo Nickels, and Love Tokens. The subject of the Minting Process will likely result in an understanding of how errors occur in coins. It's an event that should be attended by the serious coin collector.

Bank of Orange County Goshen New York $1 circa 1850

Bank of Orange County, Goshen, New York, $1, circa 1850

The YN (Young Numismatist) meetings will again resume in September. Your editors hope the Summertime was enjoyed by all. We want to remind the YNs that the YN meeting will be held on the weekend of September 14th and 15th at the seminar location (the Westcoast International Inn). Attendance for the YNs will be free for this event. Lunches and refreshments will be provided for all who attend.

Another reminder is to our club members. The September regular membership meeting is being rescheduled to Wednesday, September 11th. Expect to see Bill Fivaz and Michael Ellis attend this meeting. There will be a presentation on "Looking for Errors and Varieties in Coins". We hope to see a lot of club members attend this particular meeting. It's a great opportunity for the members to meet Bill and Mike. Feel free to bring your coins for all to see.....

Finally, the club is now back on track for it's club shows. Thanks to the organizational efforts of members Loren Lucason and Ben Guild, our next club show will be held al the Dimond Mall on October 26th and 27th. Members wishing to secure tables for this show should contact Loren Lucason or Ben Guild. See details in this month's article written by Loren. Possible shows are also being planned by Loren and Ben for the months of November and December.




Schedule of Events of the Month of September

1. Monthly Membership Meeting: September 11th (Wednesday) at 7:30 PM at the Central Lutheran Church. Club members and general public welcomed. Presentation: "Looking for Errors and Varieties in Coins." Expect to see Bill Fivaz and Mike Ellis attend our membership meeting.

2. YN Meeting: September 14th (Saturday) and 15th (Sunday) at the Westcoast International Inn (Conference Room) located at 3333 W. International Airport Road. The seminar will be the meeting agenda for the YNs and will be all day events (8am to 5pm). Attendance will be free for YNs attending with lunches and refreshments provided.

3. The 1996 Anchorage Coin Club Seminar: September 13th, 14th, and 15th at the Westcoast International Inn (Conference Room). These will be all day events. Instructors will be Bill Fivaz and Michael Ellis. Subjects: The Minting Process / Coin Photography / Hobo Nickels / Love Tokens.

4. Anchorage Coin Club Board Meeting: September 18th (Wednesday) at 7:00 PM at the Central Lutheran Church. Club members welcomed.

Minutes of the July 17th Board Meeting

Loren Lucason went over details of upcoming shows planned for the remainder of this year. Teaming up with Ben Guild, they were able lo secure October 26th and October 27th at the Dimond Mall for the club's next show. They are also looking into possible shows for the months of November and December. They are formulating plans for the Dimond Mall show at this time. Predictions are for 40 tables at the Dimond Mall.

Larry Nakata requested the club spend $28 for purchase of one case of U.S. Mini Collector Kits. The ANA is giving away 40,000 coin collector starter kits produced for and donated by the United States Mint. Each kit consists of a 45 page booklet by the ANA on the fundamentals of coin collecting, the US Mint's Lincoln Memorial cent and Jefferson Nickel collection books, twenty 2x2 inch coin mounts, four coin tubes, and a hobby magnifying glass. The starter kits are available to ANA member clubs for $5 each or $28 for a case of 16 kits to cover shipping and handling. The intent is to give away starter kits at the Dimond Mall show and future shows to new members joining the Anchorage Coin Club. The purchase was approved by the Board.

A patron donation of $50 to the American Numismatic Association was approved by the board. This patron donation was a result of a request by the ANA to member clubs in support of the 105th Anniversary Convention in Denver.

Bills were reviewed and paid by the Board. President Mike Greer gave an update on the club's upcoming seminar in September. Mike indicated things were progressing well with the seminar and expects no problems.

The Board meeting concluded at 8:30 PM.

August 7th Membership Meeting

Mike Greer announced some changes in the September seminar. As J.T. Stanton was not able to attend the seminar. Bill Fivaz and Michael Ellis will be the instructors in J.T.'s place. It was also announced that the club would resume it's club shows starting with the Dimond Mall show on October 26th and 27th. Since members Loren Lucason and Ben Guild were still in the process of formalizing all arrangements, details will be in the club's next newsletter. At that time, table reservations will be accepted.

With no further business, the meeting then progressed to the presentation by Mike Greer on "Coin Grading Part III". Part III covered grading mint state (i.e.. Uncirculated coins).

Elements of JP Martin's VHS tape on "Grading US Mint State Coins" were shown as pan of the presentation A great deal of emphasis was placed by Mike on the differences between Market Grading vs. Technical Grading. Mike emphasized Market Grading as the wave of the future. As an exercise, Mike had the club members grade some 20 slabbed mint state and AU coins to test their skills. Amazingly, many of the members were correct to within one grade.

Mike then showed techniques used to enhance the grades of circulated coins. As a demonstration, Mike dipped three circulated coins in Jewel Luster to show how a coin can be improved by one or two grades. (Editors Comment: Our president gave an excellent and impressive presentation. Members who did not attend this meeting missed a good one.)

The door prize, a 1971 Ike Silver Proof $1, was won by Jim Hill. The membership prize, a 1976 Proof Set, was won by Mike Gentry.

Raffle tickets were sold for the ANACS slabbed 1972 doubled die Lincoln Cent in MS-62 RB condition. Raffle tickets are still available and will carryover into the next club meeting and the seminar. Tickets are available at $5 per ticket.

The membership meeting concluded at 9:15 PM.

Minutes of August 21st Board Meeting

The Board congratulated Mike Greer on getting the ANA's YN Numismatist of the Year Award. The announcement was made at the recent ANA Denver Convention.

Following congratulations, the board meeting then went into details on the September seminar. Mike Greer stated that he is trying to till out 4 to 5 seats on the seminar. Accordingly, he will be making personal phone calls to various club members on attending the event. All other details for the seminar are being wrapped up by both Mike Greer and Robert Hall. Monies still need to be collected from members who have committed to attend the seminar. Mike will be making the according phone calls.

At the Board meeting, Larry Nakata went over plans that are underway to improve the coin club's Internet WEB page and advertisements. With some of the new developments that have occurred in WEB page software, Larry is working with club member Mike Paoletti on these improvements. Among the improvements will be a fancier looking WEB page and the ability for the club's advertisers to do Internet transactions on ordering of coins.

Advertisements will allow for up to 25 lots to be listed for sale with each advertiser. It is expected these enhancements will be on line by the second week of September.

Following discussions, the Board asked Larry to have the rates for advertisements posted in the club's newsletter. It was noted that the newsletter does not have published rates. Present rates are:
For 1/4 page ads: $40 per month. $70 for six months, $100 per year.
For 1/2 page ads: $80 per month $140 for six months $200 per year.
Advertisements placed in the club's newsletter are also placed on the club's Internet WEB pages.

As there was no further business, the meeting concluded at 8:30 PM.



Sorry I missed the July meeting. I was down on the southern coast of Oregon getting a sun tan. Hey... I need a vacation sometimes.

I was told that the attendance at the July meeting was much like the June and August meetings, very small. I think a total of 10 members showed up to the June meeting, and not much more showed up at the August meeting! And those were the meetings that attendees were treated to great presentations by Mike Orr and Larry Nakata on the subject of Coin Grading. Where were you?! Were all 244 of you on vacation? I'm sure there was a good reason for each of you not showing. I know it is Summer and everyone is out fishing. But for those of you that are still a little grumpy over the club's past decisions, or are just plain inactive, come on!! At the least come and support Larry and Mike, or whomever else for that matter. These people devote their time and efforts to better the club and numismatics in general. When working hard to put together a nice presentation. Larry and Mike deserve a better audience than just ten people!!

Larry Nakata should be thanked again and again for the GREAT job he is doing as Chief Editor.

Yet, I still receive complaints. For example, one complaint I have received again and again from the same person is "There is not enough stuff written about the club, too much INTERNET stuff. My only response to this complainer is: "Write an article about the club".

If more articles were written by club members we would not have to use INTERNET articles to "fill in" the newsletter. But as I have noticed, there are few complainers ready to step in and fix the problem, much like the little kid who cries over spilled milk, but hesitates to clean it up. However, to help start this article writing frenzy. I have offered all the YNs a silver Alaska Mint medal in exchange for one article on their favorite coin. So far, two have responded with articles and they will receive their coin at the September meeting.

Personally, I have no problem with seeing a few INTERNET articles in our Newsletter. Clubs have to evolve as time goes on, and Larry has taken us a step closer to the 21st century with the introduction of the INTERNET to the Club.

Western Exchange Fire and Insurance Company, Omaha, Nebraska $2 1857

Western Exchange Fire and Insurance Company, Omaha, Nebraska $2, 1857.

In other News, you might have heard that I attended the ANA's Summer Seminar in Colorado Springs. I attended on an ANA scholarship. For those of you that have not heard of, or have hesitated to go to the Summer Conference...... hesitate no longer. I traveled down there on July 13th and returned July 20th. I spent a week learning about Market Grading in my Advanced Grading class. The knowledge I gained was enormous! While there I went on awesome tours, played miniature golf. etc. One of the highlights was mingling with every Numismatic name known to man. All meals and boarding included!! This is the best kept secret in the hobby. I went on a scholarship. But for around $450 you too can go. This price includes food, boarding, and the class! Contact the ANA for more info. Write to the ANA at 818 North Cascade Avenue, Colorado Springs, CO 80903.

September meeting. The September meeting will be an interesting be held on the second Wednesday (the 11th). All in attendance will be able to meet the two seminar instructors, Bill Fivaz and Mike Ellis. Some type of presentation will be made by our club members, the subject still to be decided. Remember the SECOND WEDNESDAY, not the first.

See you at the next meeting!!!

by Mike Greer

This is a letter reminding you of the Coin Seminar that is planned for September 13th, 14th, and 15th, To be held at the Westcoast Inn near the airport.

This is the first seminar we have had that more than one instructor will teach. Bill Fivaz and Mike Ellis will teach a class on "The Minting Process", "Market Grading", "Hobo Nickels", "Errors and Varieties", and "The Basics of Coin Photography".

Bill Fivaz is well known across the Numismatic nation....he has done much for the hobby. He is best known for the book he co-authored "The Cherrypickers Guide". He has served on the ANA's Board of Governors. Currently he is the President of The Original Hobo Nickel Society.

Mike Ellis is an expert in the Error / Variety field. He is working as the CONECA President (the large error / variety numismatic association). Mike is also one of the head Numismatists at Larry Briggs Rare Coin.

The original instructor was to be J.T. Stanton. He had to back down due to a back operation planned for this September.

In any case this seminar will be fun and educational. It includes refreshment and lunch for all three days. For our adult club members, take advantage of the low $225 price tag.

All seminar fees can be payable to the Anchorage Coin Club with cash, check, or money order. You can drop off the fee at the Loose Change Coin Co., Roy's Coins, The Alaska Mint, Excalibur Cards and Collectables (in care of Mike McKinnon). Or mail it to the Anchorage Coin Club P.O. Box 230169 Anchorage. AK 99523.


If you have any questions, please call me at work after 6 PM Friday through Sunday / Phone # 278-8414.

P.S. For you YNs. attendance is free to the event. See you at the seminar.......

Thank you, Mike Greer



This is to announce the start of the Anchorage Coin Club 1996 Winter show season. October 26th and 27th at the Dimond Center will see a 40 table coin show. We can use some help on Friday evening, October 25th, for setup of the tables and chairs.

Contact Loren Lucason at Ph# (907)272-3700 to reserve tables. Costs will be $40 per table with a $5 per table discount for prepayment.

Display tables will be available to members who wish to setup educational numismatic displays.

Future shows are in the planning for November, December, and Fur Rondy.........



by Michael Paoletti (Member #43)

Corinth, situated in the NE comer of the Peloponnesus on the Isthmus of Corinth, was one of the largest cities in ancient Greece, and a rival of Athens. Due to it's exceptional location, it controlled overland access to the Peloponnesus and to continental Greece, as well as controlling the maritime ways to the East and West of the Mediterranean. In time, Corinth started to create a string of daughter cities.... colonies such as Leukas, Ambrakia (Arta), Anactorium, Dyrrhachium (Durazzo), and even in South Italy and Sicily at Terina, Syracuse, etc. All these cities followed Corinth's monetary system.

Corinthian Coin

As an important commercial center, coinage was essential, and after Aegina, Corinth was one of the earliest cities in Greece (7th Century B.C.) to strike and use coins. Her silver staters, the "colts" or "poloi" (in Greek), issued from the earliest times, carried on their obverse the winged Pegasus, wondrous horse of Greek mythology, connected with Poseidon, god of the sea. and with Athena, goddess of wisdom. Her helmeted head graced the reverse of the Corinthian staters from the late 6th Century BC onwards.

One century later, ca. 415 B.C., small letters and symbols were added to the reverses of these staters. The purpose of these little symbols, in a great variety of shapes and figures, has long been inconclusively debated. Nevertheless, their forms are clear enough to be identified, and thus we can admire a long series of items, such as weapons, a club, a shield, or birds and animals, such as a dog, a rooster, a boar, and. of course, dolphins, the most popular inhabitants of the surrounding seas.

These figures might only indicate animals or objects which surrounded daily life, but they could also have a more mythological significance, such as animals or objects connected with certain divinities or cults. Some symbols are more direct in their meaning, such as Demeter with a torch. Demeter was revered as the earth-goddess of corn and the harvest; bearing a torch she is certainly in search of her daughter, Persephone, carried away by Hades, ruler of the underworld.




by Michael Paoletti (Member #43)

Although the infant United States had a functioning national mint from 1792. that entity was incapable of providing a growing country with the money it needed.

Americans depended on foreign coinage, especially with the "Mexican Dollar", or Piece of Eight, to meet their requirements. And from 1800 onward, they increasingly relied on paper currency- issues of private banking institutions- to provide the money essential for exchange, the capital needed for growth.

Fancy vignettes or engraved scenes began appearing on the notes early in the century, and it soon became impossible to mass produce such images, combining, adding to. and cropping them as required. Three categories of people became and remained popular subjects for representation: Native Americans, Women, and African Americans- an irony, for none then took part in the cash economy.

Native Americans were sometimes represented as participants in real history, as on a Nebraska note of 1858, where they flee from contact with the Pilgrims. But they were more often shown in what whites supposed were "typical" activities and poses, hunting, and the like. More common still was their depiction encountering the white man's notion of Progress and not quite knowing what to do about it.

A dismounted figure sees a train for the first time on another Nebraska note, and he is contused. On encountering Progress, the native may simply turn and flee, as he does on a much earlier note from New York. The point of all this imagery is that it had to be flattering to whites, the people who were making and circulating the notes upon which the figures appeared.

So Native Americans might lead each other into the Nineteenth Century, as on another Nebraska note, where a wife implores her husband to consider the merits of the Industrial Revolution; or the; might be led there by generous white instructors: a white woman teaches her Native American sister the joys of settled agriculture.

The latter image suggests that the depiction of Native Americans could easily move from the real to the surreal. Three examples of what could happen will suffice: a Texan note showing a semi-nude maiden: an Iowa note with a young woman crossing a stream, who bears a striking resemblance to Eliza from Uncle Tom's Cabin; and a toddler on a Connecticut note, who paddles his canoe away from the white man's idea of civilization.

Women were presented in a variety of ways through the years. Some of the earliest depictions formed the 1830's equivalent of pinups, but these images soon gave way to occasional portraits of historical figures. They worked in agriculture most commonly, either with or without their husbands, brothers, and sons.

Manufacturers' Bank, Macon, Georgia, $20, 1862

Based on the testimony of the notes, the profession of milkmaid was also exceedingly popular among young women (but it is more likely that the bankers and engravers put these maids on the notes to represent innocence, youthfulness. and purity; attitudes which seemed at risk as the Industrial Revolution began to change the nation).

Factory scenes show that change was indeed under way, and that women were in the vanguard of it. One of those large but cashless groups so frequently depicted on the money was actually beginning to earn and spend it!

African Americans had no such prospects at the time. They do not begin appearing on bank notes until fairly late in the period (during the middle 1850s), and they are almost always seen in slavery. The demand for their depiction came about suddenly, a pan of the growing importance of the slavery question at the time. Caught off guard, printers at first simply blackened white faces, recycling earlier images. But "real" African Americans soon began appearing, almost always seen in agricultural pursuits, especially those revolving around the growing and shipping of "King Cotton". The agitation against slavery assumed a critical importance by the end of the 1850s, and Southern banks demanded and obtained notes which depicted their view of the African American: an Uncle Remus who drowsed at his work, an amiable chucklehead, in bondage for his own good.

The apotheosis of this new depiction was reached on notes printed at the very end of the period, where a smiling mother holds a laughing child - who plays with a branch of cotton, which enslaves them both.



by Cory Rennell
YN and Member # 211

I first spotted this dollar bill while wandering through Carl's Jewelers and Gifts in the University Center. It has now become my favorite dollar bill of all lime because in the top left comer of the bill there was marked 50, in the top right corner there was marked 100, in the bottom left corner there was marked 20, and in the bottom right corner there was marked 10. (Unfortunately there was a little red sticker on the casing marked NOT FOR SALE). This dollar is one of 14 made by an unknown counterfeiter that was trying to fool collectors into spending lots of money on his "US Minted one of a kind dollar bill", I would just like to say one thing to future collectors "If it's too good to be true, it probably isn't".



by Jack Bohannon
YN and Member # 233

My favorite coin is the 1996 Gold Plated Silver Iditarod Coin, I like this coin because I am a dog lover. I like the gold dogs (not because it is worth a lot) but it shows that the dog is important in many ways. Like the dog is "Man's Best Friend." Also, the Iditarod Trail Sled Dog Race (and others) cannot be run without them. And most important, dogs give out a lot of love. I first saw this coin at the Alaska Mint in downtown Anchorage. They mint Alaska coins for memory of special Alaskan occasions. I wanted to find out more about this coin.

The coin was commissioned by the Iditarod Trail Committee. The art of the coins was drawn by David Powers, an artist and owner at Alaska Serigraphics. I interviewed David to find out how and why he did the artwork. He is a dog lover and has 4 dogs. He did the illustration back in September of 1994. He took photos of the dogs on the Iditarod and ended up using a photograph of 2 dogs running side by side. The Trail Committee liked the 2 dogs as a team with no background.

He did his first illustration on a scratch board and eventually submitted it to the Iditarod Trail Committee for approval. The final design which can be seen on many Iditarod items was simplified for the coin. He said "I've done the Iditarod art all but two years since 1982". David has also done the art for two Fur Rondy designs.

I was also interested in how David got started in art and design. David said "I started drawing as a kid". He said he kept drawing all through school and ended up doing political cartoons before getting into the serigraph business. He said it was practice that makes you good in art.

Once the artwork was submitted by the Iditarod Trail Committee to the Alaska Mint a die was made. After the silver planchet was stamped the gold was added with special glue.

It would be really neat to have this wonderful coin.



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 Greer          Eves: 344-1907
V. President-                Ann Brown          Days: 563-6708
Treasurer-                      Robert Hall        Eves: 561-8343
Secretary-                   Scott Hornal        Eves: 243-0149
Editors -                     Loren Lucason    Eves: 272-3700
                                    Larry Nakata
                                    Brad Webb
                                    Mike Nourse
                                    Mike Greer

Board of Directors

Mike Orr-                        Eves: 258-9100

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

John Larson-                    Eves: 276-3292


To save costs, members not responding to renewal notices within 3 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: Anchorage Coin Club, P.O. Box 230169, Anchorage, Alaska 99523