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ACCent: The Monthly Newsletter of the Anchorage Coin Club
|Volume 18, Number 10||
|October Membership Meeting|
|Wed., Oct. 5th, 2005||Central Lutheran Church||
7:15 PM Meeting
Hope everyone enjoyed their
We had a pretty good club
meeting on September 7th with Larry Nakata giving a great
presentation on “Alaskan Tokens” (see Larry’s follow-up article).
Thanks go to Roy Brown for providing all those tokens for the presentation that
The winner of that evening’s
door prize, a 2004 Alaska Mint Silver Medallion (Eagle), was won by YN Matthew
Matthew’s father, Nelson, won
the membership prize, an 1882-S Uncirculated Morgan Dollar.
A reminder to everyone that
there will be a coin show at the Northway Mall on Saturday, October 1st
and Sunday, October 2nd. We will have our coin club table at the
Northway Mall and look forward to seeing all of you there that weekend.
Our next membership/YN meeting
will be on Wednesday, October 5th, 7:15 PM, at the Central Lutheran
Church. One change…..we were contacted by the church last week asking that
we move our October meeting from the downstairs meeting area (Fellowship Hall)
to the upstairs area located directly across the hall from the main worship
sanctuary of the church. That area will be partitioned to accommodate our
meeting that evening.
Loren Lucason will be giving a
presentation on “Coins of the Bible”.
club’s Christmas Party has been scheduled for December 12th, 6:30
PM, downstairs meeting area. The highlight event of that evening will be our
traditional Christmas Coin Auction. This
is your opportunity, as a coin club member, to submit coins, currency, and other
numismatic items as lots for this auction. If you have that extra coin or
numismatic item that you want to sell, make the most of the auction. Notify
Larry Nakata of the lots you wish to submit so that it can be posted in the
club’s newsletters leading up to the December 12th event.
See you at the October 5th
Alaska Gold Tokens
1909 (AYPE) Alaska Yukon Pacific Exposition
Schedule of Events for the Month
Minutes of the September 21st
The Board meeting was called to
order at 7 PM by President Carl Mujagic.
Secretary Larry Nakata stated
that there were no bills or correspondence to address that evening.
The Board discussed the upcoming
Northway Mall Coin Show scheduled for Sat, October 1st and Sunday,
October 2nd. A number of
board members volunteered to man the coin club’s table at this event. The
Board would like to encourage our club members to come to this event. Lots of
free numismatic items will be given away at our coin club’s table that
On the subject of new business,
the Board picked at date (December 12th) for the coin club’s
Christmas Party. Larry Nakata will get with the Central Lutheran Church staff to
make certain that this date is available. If so, it will be announced in the
The final item addressed by the
Board was an “atta boy” to Bill Hamilton. Bill…besides being our club’s
representative to the American Numismatic Association (ANA)…..now lives in
Ninilchik. Bill makes it a point to come to our monthly membership meetings and
to our club’s monthly board meetings. He drives from Ninilchik twice a month
to attend these meetings. Often, he spends the night here in Anchorage
since these meetings end rather late. That takes dedication!!!
Consequently, the Board wishes
to make it a matter of record in these minutes that Bill Hamilton is hereby
awarded “The Mileage Award” from the Anchorage Coin Club for his
dedication to our club and the cause of Numismatics in Alaska.
The meeting was adjourned at
Thank you Bill……From Your
Board and Especially From Your Club (The Anchorage Coin Club).
Legislature established the State Commemorative Coin Commission by Legislative
Act on April 20, 2005.
The meeting (a teleconference
meeting) was held on August 4th, 2005. Ms. Swenson and I (Stan Mead)
were the only two individuals present at the Anchorage International Trade
Conference Room. All other individuals were present by teleconference, along
with Mrs. Nancy Murkowski (wife of Governor Frank Murkowski).
Since the budget is small, most
of our meetings will be conducted by teleconference. Meetings are scheduled for
the first Thursday of every month for the rest of 2005.
After introductions of all the
commissioners on this board, we recapped the Commissioners Responsibility and
Getting started- the first part
of the meeting revolved around state procedures, state solicitations, and the
processes used in other states.
Moving along, we started discussions on the timeline for completions of:
Last order of business was the
Web Page on how, when, who, and what type of information will be needed to start
The September 1st,
2005 meeting saw further developments in all phases of the process. The
Commission has been in touch with the U.S. Treasury to start making plans. Two
U.S. Mint representatives will be attending our first face-to-face meeting on
October 6th, 2005. Most all of the commissioners will be present, as
we will be having a tour of the Alaska Mint around 1:30 PM that afternoon, then
on to our regular meeting with the U.S. Mint’s representatives. Our Commission
was informed that the narrative submissions do not have to be into the U.S. Mint
until September, 2006.
The coin design is a narrative
that will be an emblem of our State that will be viewed by everyone in the
United States and into the next century by those who collect coins. It is
something that I am proud to be part of and I can only hope that we can select
something that all Alaskans can be proud of. The review process may be the
hardest part for the commissioners based on the number of submissions. Ideally,
all commissioners will have an opportunity to review all submissions, in all
categories. My narrative will be the State Fossil. As most commissioners are
artists, I recommended that they visit the Alaska Mint for a tour to see first
hand the process of how coins/medallions are produced.
The Alaska Commemorative Coin Commission website is:
The website is only in the
beginning stages and should be up and fully operational by January, 2006.
As most of you have probably
seen, press releases have been sent to the Juneau Empire and Anchorage Daily
Guidelines for the narratives
should be no more than 100 words. Submissions will start around January, 2006
(after the holidays) and last for two months. By this time all information for
suitable subject matters and the narrative forms should be on the website.
Narrative forms may be obtained by calling Patricia Swenson (#907-269-8108).
The October 2005 meeting will be
very informative with the U.S. Mint’s representatives in attendance and our
first face-to-face meeting with all commissioners.
In trying to keep this report to
you brief, I have received and reviewed over 50 papers of correspondence. I have
probably left out some information, but that should be on the website soon as
well as the Commission’s monthly meeting minutes.
Remember….this is only an
informative article. So do not start calling, mailing, faxing, or e-mailing for
narrative forms until after January, 2006 (or until other information becomes
Have you opened an issue of Numismatic News lately? Writer, lawyer, and
politician David Ganz of Fair Lawn, New Jersey does a great job of keeping an
eye on the numismatic happenings in Washington D. C. He gives regular updates
concerning the bills making their way through congress that are seeking to
authorize new commemorative coinage programs. It is always amazing to see how
many groups are trying to have commemoratives issued to generate funds for their
Well, flashback to January 1937. Mr. Ganz would be suffering from a rough case of carpel tunnel syndrome typing up a report on all of the new commemorative issues that are being proposed. As numismatists, we are all very familiar with the flood of commemorative half dollars that were issued during the decade of the 1930’s. Well, for every commemorative half that was issued, there were bunches that did not make the cut. Here is a sample, excerpted from the February 1937 issue of the Numismatic Scrapbook.
February 1937 Numismatic Scrapbook
‘The new Congress lost no time
in indulging in a favorite legislative sport – introducing bills for the
coining of commemorative fifty cent pieces. A flood of bills have been
introduced already and the new Congress is only one month old. Copies of the
following bills have been received from our Washington correspondent, Mr. Boosel.
Well, folks, that is the wish list of commemoratives for the year 1937, as it stood in January of that year. Thank goodness we now have in place a limit of two commemorative programs per year, otherwise we would be seeing lists similar to the above in the various numismatic publications.
Those of you that are familiar
with the classic commemorative series will recognize that some of the above
actually made it through the system and were actually issued. The vast majority,
of course, did not come to be.
The Numismatic Scrapbook
magazine had a column each month during this era that covered the commemorative
coin action in Washington D. C. Students of numismatic history probably
recognized the name of the Washington correspondent noted above as Mr. Harry X
Boosel, the author of many numismatic articles in a variety of publications over
a time frame of many decades. He made an extensive study of the coinage of the
year 1873, and was thus known as Mr. 1873.
The interesting thing is that
with all these commemoratives being issued, they appear to be a really hot
sector of the numismatic market of the time. Looking through my issues of the
Scrapbook from the late 1930’s, a measurable percentage of the advertising
space is taken up by ads seeking to buy and / or sell commemorative half
Lots of fun looking at coin
collecting as it was decades ago!…..Mike Nourse
Reindeer Commercial Company / Savoonga, AK
By the beginning of the 20th century, gold was discovered
throughout Alaska. This resulted in an influx of gold miners into Alaska.
At first, gold dust was
primarily used as the medium of exchange since U.S. coins and currency was
scarce in Alaska. Abuses on how gold dust was handled resulted in the use of
trade tokens in Alaska. These tokens were used like coins or currency with the
local store or merchant in that local community. The beauty of using these
tokens was that they stayed in that community and could continue to be used as a
medium of exchange. It also provided for a degree of economic stability for that
Trade tokens in Alaska actually
go back to the late 19th century (1890s) when the Alaska Gold Rush
began. Trade tokens continued to be used right up into the 1950s and could be
found everywhere in use in Alaska. I refer to these particular tokens as
“Alaskan Trade Tokens” These trade tokens would slowly die away as more and
more U.S. coinage and currency
would circulate in Alaska. This would first happen in the major cities and later
in the rural areas of Alaska.
With the coming of statehood in
1959, Alaskan token would be relegated to the status of commemorative tokens or
medallions, used to commemorate an event.
As a result, Alaskan Tokens are divided in two categories:
Now that the history is out of
the way, let’s zero in on what are considered to be collectable Alaskan tokens
The most famous of trade tokens are the ARRC (Alaska Rural Rehabilitation Corporation) tokens of 1935. In last month’s newsletter, published was an article by club member Roy Brown on their history (see last month’s newsletter). The main thing I want to point out is to be careful to make sure that you are buying the “real McCoy” and not the 50th Anniversary Set (put out in 1988 as a commemorative set). The 50th Anniversary set is so identified on one side of each coin. The “real McCoy” actually had the same design on both sides of each coin. So…be careful.
Alaska Trade Token Set:
Icy Straits Salmon Company
So…what are the factors that dictate the worth and desirability of Alaskan tokens.
There are a number of reference books that are available at the Loussac Library as reference material. Member Roy Brown also has a complete set of reference books on the subject of Alaskan Tokens…along with display cases filled with Alaskan tokens that one can purchase. Among the reference materials are:
I would recommend that each of you collectors in Alaska should have a few nice Alaskan tokens in your collection…..Larry Nakata.
1935 (ARRC) Alaska Rural Rehabilitation Corporation
Club Archivist/ Photographer
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
Email is email@example.com