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ACCent: The Monthly Newsletter of the Anchorage Coin Club
Vol. 21 No. 8
MEETING: JULY 12th, 2008: SUMMER PICNIC IN THE PARK
The picnic will start about 11 AM at the Abbot Loop Community Park. This is a beautiful new park with plenty of parking and a large pavilion up on a knoll.
It is very easy to get to the park. From Seward Highway go up Tudor Road towards the hills. Turn right (south) on Elmore Sheet (that new, controversial street). The park is on the left a couple miles up from Tudor. The sign for the park is not very big, so if you end up on Abbott Road, you missed it by a couple blocks.
The club will supply the sodas, chips, and meat for the barbecue as well as the buns and the rest of the fixin's for burgers and hotdogs. The only food we ask you to bring is a salad or a dessert.
Everyone is invited so bring your family. We have a membership drive going on so if you know someone who wants to become a numismatist and learn coins from people who aren't trying to sell them something bring them along. It will give them a good chance to meet us.
Many of our great members have donated coins to auction off at the picnic to support our numismatic efforts. So bring a few dollars to buy some of these coins A list of auction lots is included in this Accent Extra.
After the auction, some more eating, and visiting we will be drawing the winning ticket for the raffle coin. We plan to be wrapping up about 3 PM.
LAST MONTH'S ANSWER: MAMICOMEVOTER - COMMEMORATIVE a coin issued by the mint with an especial design to celebrate a person or an event. Usually sold at a premium to collectors.
The Alaska mint has the die cut and the planchets on order. We do not have word as of this mailing whether or not all the coins will be ready for the picnic. There will, however, be some samples ready.
Gold emboss for a midnight sun in front of the polar bear will be available for an extra $15. Black lettering for "Anchorage Coin Club" on the coin will require a thin acrylic coating to keep the sulfur based darkening agent from spreading across the coin (see Loren).
Drop by any of the coin shops listed in our newsletter and ask about getting proof sets for you and for your friends. Or get on the US mint's web site (usmint.gov) and order them. The mint uncirculated sets are not available yet. Public release of the quarter for circulation will be in September.
Lot # Description
1. Set of six (6) Coin and Paper Money Catalogs. Included is a 2008 Numismatic Calendar from Krause Publications.
2. Set of six (6) Numismatic books from PCDA- Professional Currency Dealers Association:
• Collecting Fractional Currency
• Collecting Military Payment Certificates
• Collecting National Bank Notes
• Collecting US Obsolete Currency
• Collecting World Paper Money
• The Wonderful World of Paper Money
3. 2007 Standard Catalog of World Coins - 34th Edition 1901-2000 - Krause Publications
4. US Mint 2008 State Quarter Proof Set
5. 1968-S U.S. Proof Set
6. Uncirculated partial Lincoln Cent Set. Starting 1959 in Whitman Coin Folder.
7. U.S. Mint Bicentennial 1976 Set in postmarked holder.
8. 1961-D Franklin 50c Certified NTC MS65
9. 1960-P Franklin 50c Certified PCS MS70 Full Strike
10. 1960 Washington 25c Certified NGC PF67 DDR FS-022.5
11. 1954-D Franklin 50c Certified NTC MS65 FBL
12. 1958-D Franklin 50c Certified NNC MS65 FBL
13. 1965 Great Britain 1 crown Certified NNC MS64 KM910
14. 1956 Franklin 50c Certified NNC MS65 FBL
15. 1959 Franklin 50c Certified NIC MS65 FBL
16. 1881-S Morgan Dollar Certified NGC MS63
17. 1953 Great Britain Half Crown VF- First Half Crown featuring Queen Elizabeth II.
18. 1863 Storecard Token (B. Maloney- NYC) VF.
19. Civil War One Cent Token- Knickerbocker Currency. XF cleaned.
20. 1853 (w/ arrows) US Liberty Seated Dime. VG
21. 1995-D Roosevelt Dime BU. Double clip.
22. Off Center Lincoln Cent in BU condition.
23. 1892 US Commemorative Columbian 50c (2/2) RPD. AU condition.
24. 2004-D Roosevelt 10c. Broadstruck O/C in BU condition.
25. 1968 Mexico 25 pesos in BU.
26. 1978 Russian Silver 10 ruble commemorating cycling in the 1980 Olympics. In Proof Condition.
27. 2000-D Virginia State Quarter Broadstruck O/C. BU condition.
28. Catalog of World Paper Money - Modern Issues 1961-2001.
29. Comprehensive Catalog of US Paper Money- by Gene Hessler.
30. 1966 Silver 100 Zolts- from Poland.
31. Russian Kopek Coin Set (6 pieces).
32. 1971 Canadian Commemorative Set (7 pieces).
33. 1964 First and Last Silver Coins Set (4 pieces)
34. 1999 Last US Coins of the Second Millennium (4 pieces).
35. 1986 Mexico Coin Set (7 pieces).
36. 1984-D Uncirculated Year Set (5 pieces).
37. 1977-D Uncirculated Year Set (5 pieces).
38. Alaska Silver Token.
39. Partial Lincoln Cent Set (1943-1959).
40. 1890 Indian Head Cent. Fine condition.
41. 1895 Indian Head Cent. VF condition.
42. 1883 "No Cents" Liberty Nickel. Fine condition.
43. 1905 Liberty Nickel. Fine condition.
44. 1930 Buffalo Nickel. Fine condition.
45. 1936-S Buffalo Nickel. Fine condition.
46. 1853 Liberty Seated Dime. Good condition.
47. 1854 Liberty Seated Dime. Good condition.
48. 1916 Mercury Dime. Fine condition.
49. 1917 Mercury Dime. VF condition.
50. Mystery Auction Lot.- An interesting assortment of numismatic "goodies".
A special thanks to all of our club members who donated these nice items for our 2008 Summer YN Numismatic Auction.
This year is the state's fiftieth anniversary Check out the Alaska Mint downtown for their statehood commemorative medallion. There are bound to be celebrations around the state. The U.S. mint's proof sets are out. They contain the Alaska state quarter. The Alaska state commemorative quarter is due to be released into circulation this year. This quarter in particular is going to look good as a circulating coin. Be sure to get plenty of rolls of Alaska quarters, Your friends are bound to want one or two.
This state is rich in numismatic material. We have Wade tokens from before we were a state and commemoratives from after we joined the union.
More than any other series young coin collectors start with Lincoln small cents. Kids call them pennies - it sounds more fun. Actually it was the Brits who issued copper pennies. Usually a first collection involves plugging holes in a book with coins from each date and mint. For us elderly numismatists it was combing through mom's change looking for that wheat cent we didn't have. Now it's assembling a set of Lincolns with the Lincoln memorial on the back making sure you get both the copper and zinc 1982s.
Wheat cents nave two wheat stalks on the back. Collectors are not going to find very many coins for their set in circulation if any at all. So it is off to a coin shop or a coin show or the internet. The good thing is that you can find some beautiful red BU cents from as far back as the '30s for just a couple bucks. The challenge is that there are "kids" out there who have been collecting pennies for fifty years. And they know the keys.
Most ordinary wheat cents in slightly used condition are easy to find and are down right cheap. But some cents, for one reason or another, were either not struck in large quantities or the ones struck were used to death. These arc hard to find or hard to find in nice grades. These pennies are called the keys lo the set They are more expensive and some are unbelievably more expensive.
As you build your wheat cent collection back from the end of wheat cents in 1958 the first key you run into is the double die 1955. The 55 over 55 is a dramatic double die with the fives separated so much the die inspector must have been seeing everything triple at the time, it's an expensive key but do not worry; it is a variety. The mint did not mean to put out a coin with three and a half fives on it so it is not part of the main series and you can skip it if you want to.
The next key is the 1931-S. People knew that this was going to be a low mintage coin so many of them were saved in high grade. A low grade one will cost a few sawbucks but a high grade will not cost you twenty times as much like some of the other keys will. The 1924-S is a minor key but still costs a sawbuck even in very low grade.
The 1922 is a key that nobody expected. It is actually struck from a 1922-D die that was polished down so much the D went away. The same thing happened with the 3-legged Buffalo but that's another story. Anyway nobody thought to save them because there was no mint report that a low mintage coin was coming out. You may be able to find a low grade one (beware of removed mint marks) for about $500 but an MS63 will cost you more than $20,000! But there again it is not an actual part of the main series and you can skip it if you want or wait until you are a fifty six year old kid and can afford it.
The 1914-D is a classic Lincoln cent key coin. We were involved with the first world war and I guess they had other things to do with the copper and the men who worked the mint in Denver. People knew it was a low mintage coin but they had more important things to do with their money so they were spent. Still it has a moderate rise in value with grade. Lower grades are still well over $100 with higher grades pushing $1000.
Other early minor keys are overshadowed by the 1909-S Lincoln cents. San Francisco was way out west and did not get news as fast as they did elsewhere. Victor was the original engraver of the presidential image we use on the groundbreaking Lincoln cent. Victor put his initials VDB on the back of the wheat cent. People (people with power) thought his initials were too large and stood out too much. So it was decided that the initials would stay in the same place but be much smaller. The Philadelphia mint had already minted millions and millions of these coins when new dies came out. The little branch mint in San Francisco had only minted a couple hundred thousand when they got the word to stop minting and that a new die was on the way.
The mints finished out the year with reduced size VDBs. But, although the Philly mint put out plenty, the S mint coins are only a fraction what could have been made. With so many kids putting together sets of pennies and 1909-S being a must-have for the set it is therefore an important key. But, by far, the biggest key in the series is the 1909-S VDB Lincoln cent - the first coins of the series mint for a short time at that little branch mint way out west.
Lincoln memorial cent collectors have their challenges too. For one thing after 1969 one third of the pennies in the set are proof only issues and they need to be handled very carefully. They also have large dates and small dates as part of the main series. The years 1960,1970, and 1982 all had large and small dates and you have to know what you are looking at to tell the difference.
Memorial cents also have key varieties. There were double dies in 1969, 1970, 1971, and 1972. A double die 1972 Lincoln cent in high grade is worth hundreds of dollars. The other double dies are proof coins. All the double dies are hard to tell. It wasn't a drunk mint worker who let these slip by; the doubling is very subtle.
Not only double dies the proof cents also have filled and clear S varieties and somewhere out there are some 1990 proof cents missing the S mint marks. So putting together a set of Lincoln memorial pennies may seem easy but it will take searching of proof sets, a good lens, and a good book for the set.
The Board meeting was attended only by president Vinson and secretary Nakata. The others must have thought everything was discussed at the picnic just four days before. Anyway it was established that Larry and Bill will be giving a presentation on the Euro and its use in Europe. Larry and Bill were there this summer and Larry brought back some euro coins as well as some high value notes. The coins and the notes will be given out as door prizes after the presentation . So this is a meeting you do not want to miss.
Next board meeting august 20th at the New Caldron a 7pm.
If you went to a club picnic and you were so busy bidding on proofs, errors, and quarters in the auction that you don't get a hotdog....
you are probably a numismatist.
The membership meeting was the picnic and we were so busy with the auction we didn't draw for the raffle prize.
ANCHORAGE COIN CLUB
1898 MORGAN DOLLAR
ANACS MS-63 DMPL
tickets: $5/each, 5 tickets/$20
President: Jack Vinson
Vice President: Ed Vey
Secretary: Larry Nakata
Treasurer: Stan Mead
Board Member: John Larson
Board Member: Bill Hamilton
ACCent Editor: Loren Lucason
#91 Mike Orr: themoneymerchant.com
#110 Bill Fivaz: e-mail firstname.lastname@example.org
#210 Tom Cederlind: tomcederlind.com