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Newsletter of the Anchorage Coin Club
|Volume 7, Number 12||
|December Membership Meeting|
|Wed., Dec 8, 1994||Central Lutheran Church||
The December meeting will not be held on the usual first Wednesday of the
month. Instead, it will be held on Thursday, December 8th in order to give us
access to the recreation room downstairs from our usual meeting location.
members have been making phone calls to determine what each member plans to
bring to the potluck and to get an estimate of expected attendance.
meeting time is also a bit different this time around: we plan to start chowing
down at around 7:00 PM, so people should plan on showing up in the 6:30 to 7:00
area. A microwave oven will be at our disposal in case your contribution to the
potluck needs some radiation therapy after the trip over in a freezing car.
proposal was made that we should consider an auction for the December meeting.
After a bit of discussion, it was decided that this may prove a bit less than
exciting to the non - numismatically inclined guests that will be accompanying
some of our members. Hence, we will conduct our regularly scheduled bid board.
The usual bid board rules will apply, and cards for each lot are priced at 50 cents. It is hoped that the bid board will be less obtrusive than the auction because it does not require the participation of everybody in attendance.
the fall shows pass into the history books, we are working on setting up the
shows for spring. Hopefully there will be at least five shows in our spring
Boniface mall show is set for December 3rd and 4th and will have roughly 50
tables. The usual mall hours will be in effect. At this time, the show is full
and a wait list has been established. For any information on this show, please
contact Phil Robertson at 338-7467.
Upcoming Show Schedule:
Boniface Mall Dec. 3-4
Dimond Mall Jan. 7-8
show has been set up for the Dimond Mall for early January, presently set for
the 7th and 8th. There is a possibility that this show may be extended to a
three dayer by adding Friday the 6th. To sign up for this show or for
information, call Mike Mckinnon at 248-0955.
show will likely be about 50 tables in size. Space rental will be around $35
per table if we get the three day show, and about $25 if it is two days. These
are only estimates; contact Mike McKinnon for exact amounts.
Hall is presently working on setting up a show in the Northway Mall for early to
mid March. This will likely be a three day event, as are all Northway shows.
Dates have not been finalized, but we should have them for you in the next
will certainly be a Sears Mall show, probably sometime in February. There will
also likely be a return to Eagle River, probably later in the spring when
weather is less likely to be a factor for people driving in from Anchorage.
a public service for anybody involved in long range weather prediction, you may
confidently predict a snowstorm on any/all scheduled show dates.
has finally been made concerning insurance for the club. Several malls were
starting to require the club to carry a $1 million liability policy in order to
set up shows. We put this off for as long as possible to avoid the enormous
expense, but too many malls are now requiring it.
numerous calls, Robert Hall was able to nail down a policy at a cost of $1103
per year for $1 million worth of liability coverage with a $500 deductible.
Thanks go out to Robert for taking care of this matter.
The club will have to purchase a $1 million liability insurance policy.
To cover this expense, all table rentals at the shows will increase by $5 per table. This decision was made because we were required to get the insurance to be allowed to put on the shows. Still, a cost of $10 to $15 per day for a table at a show is quite inexpensive.
FUNKY NEW LAWS
have been many rumors floating around concerning a new law that may be coming on
the books in the Municipality of Anchorage. To summarize, the law would require
any second hand dealer who sets up a sale more than three times per year to
obtain a license and put up a $5000 bond.
Hall contacted several government and law enforcement officials to try to get to
the bottom of it all. Upon speaking to the individual that actually wrote the
legislation, he found that we have little to worry about.
version of this law is already on the books, and it is just being modified to
protect the legitimate and established secondhand dealers and pawn shops in
town. Apparently some people are driving up from the lower 48 with a semi load
of used merchandise and setting up what they are calling a garage sale. These
are essentially shops on wheels, run by people trying to avoid getting the
license and putting up the bond. These individuals are the ones that the
modified law is aimed at. As long as you do not set up semi permanently or
create a nuisance, you need not be concerned.
As long as you do not set up semi - permanently,
or create a nuisance of yourself, you need not worry about the new law.
THANK YOU FROM A. SWIATEK
Nakata received a $1 bill from Mr. Anthony Swiatek, hand signed by the persons
whose signatures are presently printed on each note. This was a thank you for a
large box of fish given to the Swiateks at the conclusion of their seminar here
a heavy snowfall on Friday, a couple of truly dedicated YNs showed up for the YN
meeting. Two VHS tape presentations were shown that day:
by Yasha Beresiner
US Errors and Varieties"
by Rick Schemmer
the meeting. Those lucky YNs who attended hot to keep some of those bank notes
and error coins. Among the giveaways were World War II Japanese Occupation
notes, a 1921 one hundred thousand Soviet Ruble note, and off center Lincoln
are a few more giveaway bank notes and error coins left for those YNs who were
not able to attend the meeting. Those YNs can see me at the upcoming coin shows
at the Eagle River Mall (November 19-20) and at the Boniface Mall (December
3-4). I'll be manning the club table. First come, first serve on those bank
notes and error coins! I also have a few grab bag coins left for those YNs who
have not yet received their items.
of the sparse turnout at our Friday meeting, it was decided to forego discussion
on upcoming projects for next year. We would like the YNs to give some thought
on projects for next year, especially projects involving the YN table at
upcoming coin shows next year.
December YN meeting and Anchorage Coin Club meeting will be held concurrently on
the same date (Thursday, December 8th). This is our Christmas Potluck Party.
Hope to see all of you YNs at the Christmas Party. Lots of food and fun can be
expected at that meeting.
- Larry Nakata
you dream of the coin prices from years gone by? I have always found it
fascinating to look back at the prices of coins in old catalogs or pricing
guides, and marvel at how many coins were available at close to face value.
following are a number of values taken from "A Handbook Of United States
Coins" by R. S. Yeoman. Popularly known as the Bluebook, this pricing
volume lists approximate dealer buy prices for most United States coins. The
copy that I am using is the seventh edition, dated 1949 but issued in 1948.
no date is listed, the price represents a common date type coin valuation.
Remember that these are the wholesale values. Pull out a current price guide and
Chain Large Cent
Flying Eagle Cent
Very Fine 0.75
Very Fine 0.45
Nickel Indian Cent
Very Fine 0.25
Very Fine 10.00
Very Fine 7.50
Very Fine 0.03
Very Fine 0.60
VDB Lincoln Cent
Very Fine 6.50
Very Fine 1.50
Very Fine 0.25
Small Motto Two Cents
Bust Half Dime
Bust Half Dime
No Stars Half Dime
Liberty Half Dime
Nickel With Rays
Liberty Nickel, No Cents
Type 2 Buffalo Nickel
8/7 Buffalo Nickel
3 Legs Buffalo Nickel
Draped Bust Dime
Capped Bust Dime
Capped Bust Dime
To be continued...
following scale was proposed by ACC member Jim Hill for classifying counterfeit
or altered coins:
Touch up to add detail
Fake date or mint mark
Touch up with a Q tip
Dirt scrubbed off
once again for the dreaded dues report, courtesy of treasurer Paul Wheeler. Most
people seem to be staying current, though a large number come due next month.
Remember that you may pay your dues through the mail to the address on the front
cover, at any regular or E - Board meetings, or at any coin show.
Over three months
behind who will receive no newsletter next month
- Walt Fournier
Between one and
three months behind
- Bill Preston
- Cirrino Scavone
- Kaye Dethridge
- Daniel Gross
- Brenda Hayes
- Nathaniel Grabman
Due next month
- Ben Guild
- Renee Pelleteer
- Tim Sullivan
- Mikki Foster
- John Nutini
- Richard Krause
- William Hodges
- Randy Cry
- Maurice Hamby
- Jerry Ballik
entries were received for the investment contest. To refresh your memories, each
contestant starts out with a hypothetical $1000 with which to form a portfolio
of coins. The person with the portfolio worth the most at the end of the contest
is the winner.
contest runs through next spring, but each contestant's picks are listed below
along with the most current trends values available.
this time, it appears that Larry Nakata and Mike Nourse are falling a bit behind
while Robert Hall and Mike McKinnon stay in close to the $1000 mark. There are
still a few months left for all of that to change...
(5) 1893-O Barber Quarters Fine 95.00
(10) 1898-S Barber Quarters Fine 190.00
(8) 1900-S Barber Quarters Fine 148.00
(5) 1907-D Barber Quarters Fine 95.00
(5) 1911-D Barber Quarters Fine 350.00
(5) 1912-S Barber Quarters Fine 110.00
(1) 1939-S Washington Quarter EF 13.00
Value = $1001.00
(1) 1936-D Lincoln Cents BU Roll 135.00
(1) 1942-P Silver Nickels BU Roll 280.00
(1) 1945-P Silver Nickels BU Roll 160.00
(1) 1945 Washington Quarters BU Roll 85.00
(1) 1952-D Franklin Halves BU Roll 185.00
Value = $845.00
(1) 1922 Grant No Star
(1) 1925 Lexington - Concord
Value = $990.00
(4) 1880-S Morgan Dollars MS-64 152.00
(4) 1881-S Morgan Dollars MS-64 152.00
(4) 1882-S Morgan Dollars MS-64 160.00
(4) 1885-O Morgan Dollars MS-64 160.00
(4) 1886 Morgan Dollars MS-64 160.00
(4) 1887 Morgan Dollars MS-64 160.00
(1) 1875-CC Seated Dime
Value = $953.50
Robert Hall: $1001
Mike McKinnon: $990
Larry Nakata: $845
Mike Nourse: $953
this is the fifth installment in a series of articles started in August 1994.
start, here are some statistics from the year 1830 to give some idea of how much
things have expanded since that time.
contrast, we now have about 20 times as many people with 100 times as many
immigrants, imports and exports are almost 1000 times greater, and the national
debt has increased by well over 100,000 times!
1830, the big debate going on concerned states rights verses the rights of the
country as a whole. Andrew Jackson and his vice president, John Calhoun agreed
on most issues, but not this one. Jackson stood in favor of a strong union while
Calhoun was more interested in preserving states rights. Jackson and Calhoun
made their positions on the subject very clear at a dinner given in honor of
Jefferson's birthday on April 15th. Jackson stated "Our Federal Union: It
must be preserved" while staring directly at Calhoun.
other events, Jackson signed the Indian removal act, which forces Indians in the
southeast to relocate to reservations west of the Mississippi River. About
100,000 Native Americans were relocated into the Oklahoma Territory. Many of the
tribes handled the move well and were pleased with the fertile lands that they
were given, but much of their culture was destroyed in the process.
was not long after this that the Indians were required to move further west as
the whites started settling in the Oklahoma Territory. During the 1830's, the
most popular western destination was the Pacific northwest which was accessed by
way of the Oregon Trail. The trail started in Independence, Missouri, and
followed the Platte valley to the Snake valley on to the Columbia river valley.
silver half dollar was issued to commemorate the trail and the pioneers that
traveled along it. Issued at various times in the 1920's and 1930's, a decent
example of the Oregon Trail commemorative half may be acquired for around $100.
ingenuity was alive and well in the 1830's. In 1830, Peter Cooper developed the
first commercial steam locomotive. It was essentially several stagecoaches
linked together and pulled along a set of rails by a steam engine. Two other
inventions of the decade that are still commonly encountered today are the
repeating pistol by Samuel Colt and the steel plow by John Deere.
to politics. Andrew Jackson easily won reelection in 1832 (219 electoral votes)
with Martin Van Buren (189 electoral votes) as his Vice president. They had been
running against Henry Clay and John Sergeant, members of a new political party
called the Whigs.
mentioned last time, Andrew Jackson thought highly of the common person. As
such, he opposed the Bank of the United States which gave special treatment to
rich and important people, helping to keep them seperate from the commoners. To
show his distaste for this institution, he vetoed the bill to re-charter the
bank. In addition, he withdrew the government's funds from the bank and moved
them to several smaller state banks.
all of these new deposits, these smaller state banks went on a lending spree
that eventually got out of hand. The chaos eventually led to the banks calling
in these loans which caused the panic of 1837.
west, trouble was brewing south of the border. In 1834, General Antonio Lopez de
Santa Anna declared himself president of Mexico and put the country under
military rule. At this time, most of Texas was still part of Mexico.
rose in this area, as the white settlers wanted the freedom that they had come
to expect, but it was not allowed to them in this disputed territory. American
settlers from the north came south to assist the Texans, while Santa Anna sent
6000 troops north to kick some butt.
March 2, 1836, the white settlers in Texas declared their independence from
Mexico, with Sam Houston as their leader. The next day, Santa Anna's troops
marched into San Antonio, Texas. There, his troops found a group of 187
Americans defending a Spanish mission called the Alamo.
Houston and his troops were too far north to get to San Antonio in time to save
the Alamo. All 187 people were killed, with no prisoners taken, on March 6,
1836. Persons killed included the famous Indian fighter Davy Crockett and the
inventor of the Bowie knife, Jim Bowie.
killing of the settlers at the Alamo, who were outnumbered 5000 to 187, outraged
many Americans and even a number of Mexican soldiers who thought that Santa Anna
had gone too far. The Texans voted to be annexed to the United States a few
would be nine years before the Republic of Texas would be officially admitted,
as no president wished to risk war with Mexico.
Texans voted to be annexed
to the United States in 1836,
but the risk of war
delayed their admission until 1845
whole episode was commemorated in the 1930's by a commemorative half dollar,
issued each year from 1934 to 1938. The reverse displays a picture of the Alamo
along with the battle cry "Remember the Alamo". Sam Houston and
Stephen Austin are also pictured (although they appear identical except for the
hairdoo!). A nice mint state example of this coin can be acquired for around
$100, while a circulated specimen will cost only a few dollars less.
country's finances had improved during the decade and by 1836, the United States
had no debt, and $36 million in the bank! The surplus revenue act provided the
means to distribute these funds among the states, the last time that this would
same year, presidential elections were held. Andrew Jackson was due to retire as
required after his second term. His chosen successor, Martin Van Buren, won
easily, with R. M. Johnson in tow as his vice president. The Whigs never managed
to decide on a candidate for this election, but they would get their act
together in time for the election of 1840.
previously mentioned panic of 1837 was caused by reckless loans made by the
banks holding the deposits of the federal government. In what sounds like the
1830's version of the 1980's savings and loan crisis, numerous banks failed
during the rush by depositors to withdraw funds.
government took action to prevent the crisis from getting out of hand. The
fourth and final installment of the payments from the surplus revenue act was
suspended so that there would be funds available to cover the bank failures.
This proved inadequate, and the government had to issue $10 million worth of
bonds and go into debt again. This time, the debt would never go away, and
exists today to the incredible extent of $5 trillion.
production saw the innovation of steam powered equipment which allowed mintages
to increase and coins to become more uniform in size and appearance.
coins from half cents through half dollars saw at least some level of production
during the 1830's, although often not enough to satisfy public demand.
the ratio of the value of silver and gold in constant change, there were
sporadic episodes of hoarding and melting during this period, most notably the
pre 1834 gold coins.
cents and half dollars of this era still exist in huge quantities, and may be
purchased easily at virtually any coin show for a minimal expense. As mentioned
above, gold coins of the mid 1830's are the earliest specimens that can be
purchased without breaking the bank.
was during the late 1830's that Christian Gobrecht produced his famous Seated
Liberty silver dollar patterns. These would serve as the prototypes of the
design that would grace our coins for most of the 19th century.
Coming in January:
V. President- Mike Orr Days: 258-9100
Treasurer- Paul Wheeler Days: 563-3910
Sec./Editor- Mike Nourse Any: 344-9856
Board of Directors
Robert Hall- Days: 265-8782
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