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ACCent: The Monthly Newsletter of the Anchorage Coin Club
Membership Meeting 1st Wed. each month, 7 PM, Central Lutheran Church, 15th and Cordova
Vol. 20 No. 5
Next meeting May 2nd, 7pm, Central Lutheran Church, 15th & Cordova. Public welcome.
Changes are what the coin club is going through right now. The first thing is that the meeting should wrap up by about 8:30 PM. To accomplish this the following schedule has been set:
-Log In Bullet Auction Lots
7:00 PM Start Meeting
-Draw For Door Prizes
7:20 PM Bullet Auction
-Sell Raffle Tickets
7:40 PM Break
-Settle up with sellers
-Negotiate for Unsold Coins
8:00 PM Feature Presentation
8:30 PM End Meeting
-Eat Last Of Food
Changes are also being made to the bullet auction. The bullet auction will be limited to 15 lots the way it was in the beginning. A display case will be provided for coins that do not make it into the auction. A donation to the club of $1 for each lot will be collected from the seller before the auction begins. Coin lots donated to the club are welcome. A minimum bid of at least $1 will be put on every lot.
The next changes will be to the coin club's coin show policy.
The new gold lone Washington dollar coins have lettering on the edge. They have the date, the mint mark, E PLURIBUS UNUM, and IN GOD WE TRUST struck into the edge of the coin. Some coins have been found that do not have this lettering. The first ones found were selling for $300 but now you can pick one up for $150 Look for them and lookout for counterfeits.
George Washington Dollar Obverse
THE BEAUTY AND LORE OF COINS, CURRENCY, AND MEDALS
by Clain-Stefanelli and Boltin Riverwood
This is not just a coffee table book, this is a great coffee table book. Elvira and Vladimir Clain-Stefanelli were curators of numismatics at the Smithsonian go they had access to one of the greatest coin collections in the world. Lee Boltin took the pictures for the book. You don't even have to read the text just look through the book and you will get an understanding of the origin and progression of numismatics. From trade beads, to beautiful Greek coins, to simple medieval, to industrial, to renaissance, to modem works of art, it is all laid out there for you to see. It puts into perspective the wonder of ancient coins as well as the poverty in medieval coins. They don't print this book anymore but you can find a copy on the net for about $7.
There is a new standard reverse for Alaska Mint's medallions. This is not the artwork for the new reverse but it is an early step in making a new coin at the mint.
Mike will have details on the new design next month. To see it before then go to the mint on 4th and D.
Last month's answer: THALER: The name of a large silver coin first issued in Joachimsthal, Bohemia in 1518. An abbreviation of the word Joachimsthaler (from Joachimsthal). This size silver coin became the standard across Europe with the name varying from Taler to Daalder to Daler. The name came across lo America as the Dollar.
Silver is a unique coinage metal. It has been in continuous use for more than 2500 years.
Greek Thasos Stater c. 510 BC
First the Greeks, then the Romans, the Arabians, the Europeans, and finally the Chinese. Silver use in coins reached a height during the industrial revolution. But now it is considered a precious metal used just for coins struck for collectors.
In its pure form there is no metal whiter than silver. However it takes on color easily: it tarnishes. Silver coins react with the environment and go through a series of beautiful colors getting darker and darker. Eventually it gets a hard, black coating called horn silver. This horn silver is nearly impenetrable and could protect the coin for ages.
Some collectors love toned silver coins. Particularly ones with a rainbow -lone running across them. But others want silver coins as white as they were when minted. There are a couple things to consider before "restoring" a silver coin. The first is that when a coin is struck the metal actually liquefies and flows out from the center and into the design. This flowing metal cuts tiny grooves into the very hard steel die. These tiny grooves strike into the coin and give it luster. You do not want to cut across this luster.
At our April club meeting we were actually going lo do things to silver coins without mentioning them. But some of the members were apprehensive about getting their fingers wet. And it didn't help to tell them we were going to work with acid. So we had to mention these things to do silver coins.
Toned Morgan Dollar
To remove light tarnish get alcohol (everclear), a soft cloth (a t-shirt), Q-tips, jeweler's silver cleaner, and, a cup of water. The cleaner will dissolve silver tarnish but will not work through oil so the coin is washed with alcohol. The cleaner is a very mild acid but is still a bit too strong to risk on our valuable coins so water is used to temper it.
First wet part of the t-shirt with everclear and wipe the coin to clean off oils. Then dip the coin in water to rinse it and give it a water coating. (This cleans the fingers too.) Dip a Q-tip in water then in jewelry cleaner. Wipe the coin with the Q-tip pushing towards the edge so as not to cross the luster. If the tarnish comes off easily proceed around the coin. If the tarnish is tough to remove dip the Q-tip in cleaner again to strengthen the acid on it. Rinse the whole coin in water every minute or so to keep the cleaner from being on the coin too long. When satisfied with what can be done rinse the coin thoroughly. A final rinse in distilled water is best because tap water is fluoridated. After all this squeeze the coin with a clean, dry t-shirt to remove excess water and set it out to dry.
The second thing to consider when restoring silver coins is that you may find a black spot that just will not wipe off. This is probably a bit of horn silver. To get back to white you may have to risk these more aggressive measures. Clean the spot with alcohol (or acetone), wet the spot with water, and dab a little jewelry cleaner on it. Then dampen the point of a toothpick with jewelry cleaner The cleaner will not remove the spot but it will soften it and you may be able to dislodge it. If the spot is in an open field you will leave a scratch. But if it is in the devices of the design you may be able to remove it and leave no noticeable mark.
This is called coin cleaning and is frowned upon by modem coin collectors. However ancient silver coins are expected to be cleaned. When you dig up an ancient silver coin it is so caked with dirt and corrosion you can not even tell what it is. Conservators use chemicals and processes similar to these to bring silver coins back to bright white. Members at the meeting got a chance to look at sonic ancient Greek tetradrachms that were in different stages of being cleaned.
We looked at, but didn't mention, some of the things done to silver coins to turn them into jewelry. Bezel was the only word mentioned. Another time we will look into unmentionable things done to copper coins, nickel coins, and gold coins including that unmentionable "w" word.
By time you read this the governor will have made her choice for the Alaska state quarter design. Governor Palin was to be at the Alaska Mint downtown on Monday the 23rd for the announcement.
Proof 1940 Mercury Dime
Mintage 11,827. Graded PF65 by NGC
Book value $375. Minimum bid $275.
A spotless while coin; perfect for someone who wants an American proof classic in their collection. In 1940 the war was raging in Europe, Roosevelt was elected for his third term, and "Blueberry Hill" was the hit in the 3 million households with radios in the U.S.A.
The national coin club (ANA) is having their election for board governors. Our club (ACC) has submitted 4 nominations:
Edward C. Rochette,
Walter A. Ostromecki,
We know that these are all good, honest, knowledgeable men and that they deserve to be on this prestigious board.
The Board meeting was called to order at 7:15 PM by Club President Loren Lucason. Meeting was held at the New Cauldron Restaurant at the University Center.
Following a review of bills and correspondence, a plan lo transition the club's newsletter was formulated. Loren Lucason will be taking over as the Chief Editor of the newsletter.
Carl brought up the matter of storage space for our club tables and cases. These tables and cases are used for coin shows. Carl will not be able to continue storing these items and has asked that the Board look at alternative locations.
Carl also brought up the point that we need to have someone put in charge of bringing sodas and ice to our club meetings.... in other words "a cooler monitor". A volunteer will be sought at our May 2nd club meeting.
On the matter of the club holding a club seminar later this year.... Larry Nakata stated that there are only 10 people showing interest in a club seminar to date. This is not enough people to justify a seminar for this year. We need a minimum of 15 people to justify such a seminar.
Final order of business was a discussion on the coin club hosting a coin show for this year. Several members at our last membership meeting gave a show of hands when asked if they thought we should have a coin show here in Anchorage. Loren discussed starting with a small coin show....possibly at Central Lutheran Church. Is was brought up that the club owns 10 eight foot tables and 15 locking display cases. It was agreed that this was enough to start sponsoring small showsó
As there was no further business to discuss, the meeting was adjourned at 8 PM.
Are you a numismatist?
If your wife gave you a 1916-D Mercury dime for your birthday and you threatened to divorce her because she had it soldered to a pin to make a lie-tac.
You are probably a numismatist
At our April meeting we took the first steps toward keeping to the new schedule. Carl went through 21 auctions lots quickly, selling among others, some nice BU quarters. And the enlightening demonstration of what can be and is done to silver coins was held to about 30 minutes.
Don Somers was given a gem BU 1945-S Lincoln cent for the door prize and Dennis Williams was given a BU set of P&D 2000 Sacagawea Dollars for the membership prize.
+ May membership meeting will see Larry Nakata giving a presentation on "The Modern U.S. Dollar Coin".
Coin Show In Wisconsin
+ Our June 6th meeting will be held in the Community Room of the Central Lutheran Church.... as they need the main downstairs area for another event that week.
+ Bill Fivaz has donated $8 in the form of a BU set of 2001-2004 P&D Sacagawea dollars and provided us with the first 8 lots for our May 2nd bullet auction.
1. 1883 (With Cents) 5c G min.10.00
2. 1884 5c VG min. 20.00
3. 1913-D 5c MS-64 min. 73.00
4. 1897-P 10c AU min. 34.00
5. 1922 Grant 50c MS-63 min. 95.00
6. 1926 Sesquicentennial 50c AU-58 min. 58.00
7. 1885-0 $1.00 MS-65 min. 98.00
8 1864 (CN) 1c G counterstamped "F' no min
+ And Thanks go to Ponterio and Associates for donating two, phonebook sized catalogs of World Coins for our upcoming YN Donation Auction. You should put something in too.