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ACCent: The Monthly Newsletter of the Anchorage Coin Club

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Volume 9, Number 3

March 1996

March Membership Meeting
Wed., March 6, 1996 Central Lutheran Church

7:30 PM Meeting


 

FROM YOUR EDITORS

The big news this month is that the go-ahead has been given to our club for the Anchorage Museum Display: "The History of Money" (see details from the February 7th membership meeting and February 21st board meeting). The Anchorage Museum of History and Art has approved our club's plan on the theme and motif of the display. This display will occur between April 3rd and April 28th. It is intended to educate the public about the coin collecting hobby in keeping with this year's National Coin Week (April 21st - 27th) SINCE APRIL 3rd IS THE DATE OF OUR CLUB'S MEMBERSHIP MEETING, THE APRIL MEETING WILL BE HELD AT THE "ANCHORAGE MUSEUM OF HISTORY AND ART" LOCATED ON 121 W. 7th AVENUE AT 7:30 PM. There will be no charge for admission and this meeting is intended to inaugurate the event. We encourage all of our members and friends to attend this event. For those members who wish to participate and contribute numismatic material for this display, please contact any of the club officers or board members.

Saint Gaudens twenty dollar gold reverse

Our club's March 6th membership meeting will see elections for new club officers and one board member seat. We encourage all of our club members to attend (his meeting. As of this newsletter, the following people will be running for the following offices: Bill D'Atri (President), Mike Greer (Vice-President), Scott Hornal (Secretary), Robert Hall (Treasurer), Mike McKinnon (Board member seat), and John Larson (Board member seat). If any club members wish to run for office, you still have the opportunity to "toss your hat into the ringer" at the March 6th membership meeting. Participation in our club's activities is very important and we encourage members to run for these various offices.

In keeping with the spirit of the upcoming March 6th club elections, Bill D'Atri (candidate for President of our coin club) has submitted the following candidate statement:

From: Bill D'Atri Candidate for Club President 1996-97

You should be aware of the next President's agenda prior to your voting in the upcoming March elections. I believe that the following agenda will allow for our continuing success as a dynamic, viable coin club.

1. First, and foremost, the club was founded to provide an educational forum for those individuals interested in coin collecting. Interests of members range from the hobby of coin collecting to the pursuit of advanced numismatic studies.

I have actively supported this educational forum, participating in the past five ANA seminars we have sponsored. I joined the club for the educational opportunities it allows, and I've tried to reciprocate by sharing both my time and personal resources in activities that furthered this forum.

It is my intent as President of the club to continue to advance this educational forum aggressively.

2. The Non-Profit status of our club must be attentively managed.

It is my intent as President of the club to ensure that our financial records are accurate, and that all club dealings are in compliance with our non-profit status.

I intend to review the club's financial records, and take appropriate measures to ensure that our financial record keeping is in full compliance with all non-profit status requirements...........

If this sounds like politics to you, you're very perceptive. If you believe that the club should be a dynamic, fun place for people to get together and share numismatic interests, we have quite a bit in common. If you'd like the club to follow this path, I'd appreciate your vote. Thanks. Bill D'Atri.

 

MEMBERSHIP NEWS

Schedule of Events for the Month of March

1. Monthly Membership Meeting: March 6th at 7:30 PM at the Central Lutheran Church. Club members and general public welcomed. This meeting will be our club's election of club officers and one board member seat.

2. YN Meeting: March 8th at 7:00 PM at the Central Lutheran Church. YNs, club members, and general public welcomed. Subjects to be covered will be "Certified Coins (i.e. Slabs)" and "Handling of Coins". YNs are asked to bring their ANA Grading Guide Books for an exercise on grading of certified coins.

3. Anchorage Coin Club Board Meeting: March 20th at 7:00 PM at the Central Lutheran Church. Club members welcomed. This will be the first board meeting of 1996 for our new club officers and new board member.

February 7th Membership Meeting

A seminar update was given by Mike Greer. Mike recommended that some of the proceeds from the upcoming YN Donation Coin Auction be used to allow the YNs to attend this year's seminar on "Coin Photography, Hobo Nickels, Love Tokens, and the Minting Process" to be instructed by J. T. Stanton. Mike pointed out our YN membership has increased significantly , making it difficult to continue the policy of allowing tree attendance of our YNs at these seminars. After discussion on these matters, an advisory vote was made by the club membership..... results were for approval of the plan. Subject to final approval by the Board, Mike Greer and Robert Hall will proceed with determination of costs and appropriate arrangements. At this time, Mike has indicated that he has 15 commitments for attendance at this seminar.

Mike Greer announced that the YN Donation Coin Auction will be held at the club's membership meeting on May 1st. Mike has been soliciting donation material for this auction. He has already received a number of donation commitments and encourages club members to contact him on numismatic donations for the auction.

Museum Display "The History of Money":

Club member Richard Bilak announced that tentative approval has been given for the club's proposed numismatic display on "The History of Money". The plan and theme has been approved by the Anchorage Museum of History and Art. Our club will have 28 feet of display case available for this project. The display is being handled by four subcommittees headed by:

1. Loren Lucason who will head up the subcommittee for the Ancient Coin / Byzantine / Medieval / Renaissance / Early Milled Coinage section of the display,

2. Robert Hall who will head up the subcommittee for the Coins of the New World / Colonial / American Coinage section of the display,

3. Michael Orr who will head up the subcommittee for the Foreign Coinage - Evolution into the Period of Industrialization section of the display, and

4. Bill D'Atri who will head up the subcommittee for The History of Alaskan Money section of the display.

Any club members wishing to volunteer help or numismatic material for this display can contact any of our club officers and board members.

The Elections Committee submitted an update on names of people running for office for the upcoming club elections on March 6th. Also discussed was the issue of allowing "Mail In Votes" by members for this election. Following spirited discussions, no action was taken on this matter.

A Treasurer's Report was made by Robert Hall. The club presently shows $4635.47 in it's treasury. Of these moneys, $3525.34 are in the club's general fund, $913.33 are in the club's seminar fund, there is $98 in the YN fund, and $98.80 in the Bill Garing Memorial Fund.

At the club meeting, a new YN signed on as a club member' Nathan H. Hansen. (Editor's Comment: Welcome to the club, Nathan!!).

Larry Nakata gave a report on the itinerary for the February 9th YN meeting: The YN meeting will cover "Coin Grading / Part III" which will go over grading of uncirculated coins. The second half of the session will be another session on "Surfing the Internet" in which the YNs will review the club's WEB pages.

Gift Certificates were distributed by our President, Mike Orr, to members Mike McKinnon, Larry Nakata, Robert Hall, Loren Lucason, Mike Nourse, Mike Greer. and John Larson for their volunteer efforts in support of the Anchorage Coin Club.

Winners of the various prizes at the February membership meeting were: Door Prize: Member Jim Walston who won a 1943 Steel Penny BU Set. Membership Prize: Mike McKinnon who won a PCGS 1885O Morgan Dollar in MS62 condition.

The Raffle Prize is a Roman Denarius minted between 134-138 AD during the reign of the Emperor Hadrian.

John Larson concluded the meeting with a presentation on "World Paper Currency".

Results of February 21st Board Meeting

The Anchorage Museum of History and Art selected April 3rd through April 28th as the dates for the Anchorage Coin Club's "The History of Money" display. The club is expected to have it's display completed by April 2nd. Since all of the subcommittee chairmen for the Anchorage Museum Project were in attendance at the Board meeting, the meeting focused on planning of the event.

The Anchorage Museum of History and An released an official news release on Monday. February 19th announcing the event.

Since April 3rd is the Anchorage Coin Club's April membership meeting date, the club's meeting will officially be held at the Anchorage Museum of History and Art at 7:30 PM. This meeting is intended to inaugurate the event.

The planning session focused on project management issues, requirements for numismatic materials, and issues involving presentation on the overall display.

Editors Final Items

Your editors wish to correct an error made on our last newsletter. Member Bill Hamilton is the owner of Loose Change Coin Co. over a the 5th Avenue Mall. We incorrectly published the wrong name for his company. We would like to remind our members that Bill has a Bid Board set up at his place of business. Members and anyone wishing to submit material for the Bid Board should get with Bill

Finally, we want to encourage our members to donate numismatic material to Mike Greer for the upcoming YN Donation Coin Auction at our May 1st membership meeting. Please get with Mike on material you wish to donate for the cause of the YN Education Program.

We hope to see a good turnout for our club's March elections.

 

 

PRESIDENT'S MESSAGE

This will be my final message to the membership as your president. I hope that the past year will be viewed in a positive way. It was my desire to bring certain programs to the club that I felt were needed and I hope everyone has appreciated the efforts of those whom I called upon to make the meetings more interesting. The year was fillet! with challenges and unexpected surprises. Through the process the club has grown and prospered. However, not all has gone smoothly. I'll have more to say on this later. For now, I would like to thank those people behind the scenes that have helped make this year as successful as it was. You know who you are. My monthly messages stated that and if I've forgotten anyone I apologize. I appreciated all of the support I received. Thanks again...! couldn't have done it without your help.

First of all, for those who missed the regular February membership meeting, John Larson put on an excellent talk on "World Currency". He took us from Alaska and Canada to Africa with slides of currency he's collected over the years. Quite a trip to take in such a short time. Thanks for the great effort. It was both interesting and informative. John did such a good job I drafted him into helping on the World display portion of the Anchorage Museum project. As noted in the newsletter, our committee for the project is soliciting help, ideas, and materials. All members are encouraged to participate. I do not want anyone to feel left out. The theme is "The History of Money". I want to see everyone join in on this one. The committee needs ideas on ancients to colonials, U.S., World, and Alaskan coins and currency. The objects displayed should both be visually pleasing and historically significant. Get in touch with me, Loren Lucason, Bill D'Atri, Robert Hall, or any of the club officers. Make a list of materials you might want to exhibit and bring it to the meeting for discussion. The committee will be getting together again and you're all invited to join in. After the elections in March I hope we will have time to discuss the project. This has to be decided by the end of March, so time is short.

No formal program has been set for March due to the elections. I plan to yield the floor to all of the candidates who want it after a short business meeting. We have issues that should be brought out and I intend to provide the forum for them. The balance of the time will be set aside for visiting or discussion of the Anchorage Museum project.

Also, once again the YN meeting was a very lively event. This time we had 8 YNs at the meeting. They graded mint state silver dollars and the winners received the first pick of uncirculated rolls of memorial cents until all had their own roll to cherry pick later. Larry brought in his computer once again and we finished the WEB page project. Brad Webb, Mike Paoletti, and Larry deserve a big thank you from all the club for their fine efforts with the kids on making this happen for the club. It has certainly jazzed up the newsletter. We are now one of the few clubs on the Internet with our own WEB page. Hopefully, this will gather attention and move us into another positive direction as we're brought further into the public eye. Having the club featured on the Internet and our museum project puts the club into the positive area of an active organization that does things. That is a very important aspect of a dynamic and growing organization as was my goal when I took office last March.

When I took over as president there was a great rift forming among our members because of our mall shows. Since then the shows have dwindled to almost nothing and I feel it's been a mistake to pull out of them. These shows not only provide revenue for the club but are also our greatest tool for recruitment. I have worked behind the scenes with others to help solve differences on this issue but I feel now that these differences have gone beyond simple solutions. I have an eerie feeling that the upcoming elections are going to be about this single issue.

When I took office, I modeled my method of leadership after Larry Nakata. I felt the club ran best if it were run by the consensus of the membership; not by desires of factions behind the scenes. Thus, our notorious Board meeting that set the policy for the shows was done so with this in mind. This-did not set we!! with others who wanted parody with coin and card exhibitors immediately. As a result, many coin people pulled out of the shows. Nobody wanted to set them up any longer and their prophecy became self fulfilling. No more club sponsored shows.....Why? Do we really have a fear of being taken over as a club by other collectibles? Do we really have an identity problem as an organization?

To me the facts speak for themselves and the answer to these burning questions that still plague the club is "NO". The statistics pointed out to me are these: We mail out 120 newsletters and our active members number 102, Since I have taken office, we've added 44 new members. Fourteen (14) of these active members are YNs. Sixty four (64) are adult coin members. Twenty four (24) are card or other collectible members. Eight (8) members are delinquent on their dues, and ten (10) mailings are freebies.

It is true that the card members only joined so they could set up at shows and as I recall the Board at the time set this policy. However. I do not see them at the meetings demanding changes in programs or taking over discussions. Their numbers have dropped from 40 to 24 in the last year. This hardly presents a threat to our coin membership in my mind. Besides, so many of our coin members have set up in the past with other collectibles (cards, comics, etc.) it seems to me this thought of turning into a card club has gone beyond reason. I don't see much basis for it other than a conflict of personalities.

My warning to the club is to not continue to shrink from the public and polarize over a single issue. I would not like to see this trend continue. However, I can concede that by limiting the amount of shows it could help us in the long run to make them more of a special event. Mixed with other projects like the museum exhibit and seminars, this will keep us in the public eye. I feel this is the real story behind the story of our next election. Am I wrong? Show me!

This election will determine the direction the club takes in the next year. I urge all active members to come to the March meeting to vote. It was felt by the members at the last meeting that mail in votes would not be taken this year so you will have to be present to be counted. With that in mind, I hope to see most of you there.

It has been both an interesting and challenging year to say the least. I hope to be an important part of the club as we grow and proper into the next millennium. Again thanks to all who have helped me this year. I'll see you at the next meeting. Until then, good luck and good hunting........

        - Mike Orr.

 

THE YN CORNER
By Mike Greer (Your Club VP and YN)

Well......does anybody want more snow?? I had to dig my way to the bus stop last week through three feet of snow! And those people in the East Coast think they got it bad......

Back to YN affairs. I missed the last YN meeting to my regret. It seems the rest of the YNs had another grading contest. This time they were tested with slabs. Larry covered up the grades on the slabs that Carl (Carl's Jewelers) loaned to the YNs. They then proceeded to cast their own grades. With BU cent rolls as prizes the YNs graded like mad dogs! Everyone walked away with a BU roll. Pizza was yet another factor in the meeting. Larry hooked up his computer again, and the YNs were back on the INTERNET. They cruised through all the WEB pages offered by INTERNET (well.......not all of them).

The next meeting will focus on some more Slab grading, as I hear the grading was not so hot at the last meeting. But lets remember folks, grading is of opinion....A slab is not always the right grade. An AG to some people is an MS65 to others. We will focus on extending "grading talents" at the next meeting, and I expect pizza will also be available. So show up, and have some fun!

Also, the YN Coin Auction is off to a great start!!!! Plans have changed though. The auction will not be held in April. It is now scheduled for May. We have already received some awesome donations. You will noticed them listed below. All donators will have the opportunity to have their business card advertised in the club's newsletter, and for the first time....the donator's business card will grace the club's WEB page on the INTERNET. All advertisements will be listed for 3 months, same as last year. I expect this year's auction to exceed in proceeds from last year's auction. Fifty six (56) solicitations went into the mail today... on their way to lower 48 dealers and other kind donators. And I think our local club members will pull through as well as they did last year.

I think everything is going great! With the Museum Project, the INTERNET, and the YN Coin Auction, I think the YNs and ONs will have their share of fun for the next few months. Gosh...I should not have had that Pepsi! I am going to be awake all night. I guess I will have to watch some more Bob Dole speeches to put me to sleep!!

Current Donations:

From Paul Wheeler:

1. Cook Island $1 Coin 1973 (Tungaroa) / Retail $15

2. Cook Island $1 Coin 1992 (Tungaroa) /Retail $15

3. Cook Island Unc. Set 1992 / Retail $20

4. Cook Island $3 Note / Retail $6

5. Cook Island $3 Note / Retail $6

6. Cook Island Stamps, Large / Retail $3

7. Cook Island Stamps, Small / Retail $7

From Bill Fivaz:

1. 1938-D Dime MS65 FSB / Retail $36

2. 1934 Dime BU FSB / Retail $15 (MS60)

3. 1942 Dime BU FSB / Retail $6 (MS60)

4. 1954 Dime MS65 / Retail $2

5. 1869 Nickel EF / Retail $30

6. 1936 S/S Nickel RPM# 1 VF

7. 1880 Cent, Snow #4

8. 1922-DCent XF / Retail $17

9. 1961 Proof Half, DDR #2

10. 1965 SMS Half, F "FG" Missing

11. 1982 Half, Missing "FG" Unc

12. 1934 Dollar, AU / Retail $32

From Mike Greer:

1. 1921 Peace $1, ANACS 50 / Retail $80

2. 1939 Dime MS63 / Retail $14

3. 1940-S Dime MS65 FSB / Retail $43

4. 1941 Dime BU FSB / Retail $5

5. 194-D Dime MS65 FSB /Retail $23

From Larry Nakata:

1. $1 Silver Certificate / Educational Note G/Retail $60

 

"SURFING THE INTERNET"

Thanks to the efforts of club member Mike Paoletti and all of our YNs, the Anchorage Coin Club's WEB page was formally completed at our February YN meeting. Your editors would like to direct you to http://www.alaska.net/~nakata/coin club.htm

Our dub's WEB Home Page has been registered with a number of Internet on line directories and we have already got quite a number of people who have accessed this information. For those of you members who have Internet capability through your computer, please note that our home page has a counter that will tell you about the activity seen on our home page thus far on Internet. A number of e-mail messages have been received from other numismatists around the country about our club's WEB pages.....all of which is very positive.

Our club's WEB pages will include the last two months issues of our club's newsletter (Editors comment: In "Surfing the Internet" it appears we are the first coin club to ever do this....hopefully, this will be significant enough to win our club the newsletter award by the ANA), our Alaskan dealer advertisements, and gateways into other Numismatic WEB pages such as the ANA Home Page, the US Mint, The Bureau of Engraving and Printing, and other WEB pages as outlined in our monthly "Surfing the Internet" article. Your editors will be responsible for updating information on the club's WEB pages every month. We encourage our club members to make recommendations on how we can improve the Anchorage Coin Club's WEB page.

Finally, while reading a recent article in "Coin World", attention was brought to a WEB Page that comes out of the Netherlands:

hltp://mokum.twinfo.nl/~marjon/numisman/coms-us.htm

What your editors discovered was a really neat WEB page put together by a bunch of Netherlands numismatists about their country's coinage. Their WEB page sure made our coin club's WEB page look puny in comparison (Editors Comment: But it tells us there is always room for improvement).

 

 

PERCEPTION OF THE UPCOMING SEMINAR
by Mike Greer (Member #81 and YN)

Hello Folks! I know it is a whopping eight months away from the planned September seminar, but I am going to prepare you anyway for the fun that is coming! JT Stanton will be the instructor. Just by the chance that someone has not heard of this fellow, I am going to tell you now. JT Stanton is a very well known numismatist, specializing in errors and varieties. He co-authored the "Cherrypickers Guide" (editions 1, 2, and 3). Many people credit the "Cherrypickers Guide" as bringing back a little fun and youth to the hobby. With the help of the "Cherrypickers" people, young and old had a better chance of finding rare die varieties in unattributed coins, sometimes earning the Cherrypicker a healthy profit! As you know, the other author of this great book is none other than Bill Fivaz (an instructor at one of our past seminars).

JT Stanton is also a current ANA Governor. Along with President Ken Bressett and Vice President Anthony Swiatek (both past instructors in our seminars!), the ANA will become a much better association.

JT has stepped up to do not one, not two, not three, but four courses in our seminar! The guts of the seminar will be on the "Minting Process" and "Errors and Varieties". In this course he will take us through the nitty gritty of the making of coins (and the screw ups that can happen along the way!). He will also give us some insight on "Love Tokens", another specialty of his. "Coin Photography" is another subject that JT will cover, a skill that may be of some use when the time arises. JT will also give us some basics on "Hobo Nickels".

For those that liked Bill Fivaz, sign up now!! JT will teach a class that will blow your mind, with fun! This is one class that you don't want to have to listen to a monotone speaker that puts you to sleep. You will want to stay awake every second! JT will teach in a mild manner that everyone can understand. You will not leave this seminar confused. I strongly encourage anyone in the mood for 3 weekend of fun, and anyone that wants to listen to a fun and energetic speaker.......sign up now!

JT Stanton is one of the best in the business, if not the best. You don't have to take my word for it, though, just read a coin magazine or two.

Plans are not written in stone, but so far, the seminar is planned to take place the 13th, 14th, 15th of September, 1996 at the Golden Lion Hotel. Estimated cost is $225 for members, $250 for non-members. Space is limited, reserve as soon as possible. Call 344-1907 (MIKE GREER).

 

UNITED STATES NICKEL THREE CENT PIECES
by Mike Nourse (Member #94)

Welcome to the story of the United States nickel three cent piece. This is an interesting series that was issued for twenty five years in the second half of the 19th Century, and provides a challenge to collectors including common dates, rarities, and varieties.

Three cent nickel obverse

The nickel three cent piece came about as a result of conditions created by the Civil War, which ran from 1861 through 1865. During the war, many people hoarded coinage, especially the gold and silver pieces, as a form of secure savings in case of economic chaos. The hoarding began right at the beginning of the war, and virtually all coinage was gone from circulation by early 1862. Pan of the coinage shortage was alleviated by the issuance of small denomination pieces by private minters across the country, including the popular collectibles known as Civil War tokens which substituted for the current copper nickel one cent pieces.

The US government stepped in to help with the shortage of circulating small change by issuing paper money in small denominations from three cents and up, starting with the larger denominations in 1862. While this currency did help with the coin shortage, it was unpopular and wore out quickly. It's unpopularity was clearly illustrated by the fact that it sold at discount compared to metal coinage. The three cent notes themselves were issued starting in Spring 1863, primarily for the purpose of purchasing postage stamps, which at the time cost three cents. When used for this purpose, they were accepted at their full three cent face value, without any discounting, as long as the purchase of stamps exceeded a total of $5.

How did the nickel three cent piece come about? Virtually all of the nickel mines in the United States and Canada were owned by a fellow named Joseph Wharton. However, nickel was not very plentiful, and continued supply was not assured, especially when you note that 32 tons of the metal was needed in 1863 to produce Indian Cents. The director of the mint at the time, James Pollock, disliked the use of nickel in coinage and introduced legislation to replace the current copper nickel cent with a bronze version of the same design, and add bronze two cent and three cent pieces to the lineup. In 1864, the composition of the cent was changed per Pollock's plan, and the two cent piece was put into production. Enough of the new cents and two cent pieces were produced in 1864 lo minimize the immediate need for a three cent piece.

Our nickel miner, Joseph Wharton, was obviously displeased with the change made in the cent and quickly issued a report in which he proposed that all minor coinage denominations (1,2,3,5, and 10 cent pieces) should be scrapped in their present form and replaced with an alloy of 75% copper and 25% nickel (compared to the 88% copper and 12% nickel composition of the copper nickel Indian Head cents). Wharton had enough support in Washington that part of his vision was to become reality in the form of a three cent piece in 1865 and a five cent piece in 1866, although the silver versions of each denomination would continue to be produced until 1873.

Three Cent nickel reverse

Why did we need a three cent nickel coin? As mentioned above, their primary purpose was for the purchase of postage stamps which cost three cents at the time. We already had a silver three cent piece, but as previously noted, silver coinage was being hoarded by an uncertain public. Besides-silver three cent pieces were unpopular due to their extremely small size and light weight allowing for their easy loss. Paper fractional currency existed in the three cent denomination but it was unpopular, wore out, and got dirty rapidly. Public dislike for three cent issues led to the nicknames of "shinplasters" for the notes and "fish scales" for the silver coins. It was hoped that the new nickel coin would enjoy greater public acceptance than the previous attempts at a three cent denomination.

The design, while new to the public, was actually developed by James B. Longacre in the 1850's. The obverse Liberty head was used on several patterns including the small cents of 1857 (Pollock-222 through 224) and quarter eagles of 1857 (Pollock-226) and 1860 (Pollock-318). The reverse you should recognize from another coin that was designed by Longacre of which a specimen probably lies in your collection. Does it look familiar? It should- it's the same wreath that is used on the 1859 Indian Head cent with the words "ONE CENT" replaced by a Roman numeral three. Only one pattern was developed using this design on a three cent piece (Pollock-481 through 483; Breen-2410). The pattern is virtually indistinguishable from the design used in production showing the haste with which the three cent nickel was put together.

Production started out heavy in 1865 but generally decreased steadily throughout the 25 years of production. Large numbers of the coins were needed in the early years to redeem the large numbers of three cent notes that had been issued Other than declining production over these two and a half decades, very link of note happened. The design continued unmodified throughout the years. Production ceased in 1889 due to limited circulation and a change in postal rates.

From a collectible standpoint, three cent nickel pieces rank quite low. There were 25 different dates issued, one of each year from 1865 through 1889, all produced at Philadelphia. Of the 25 issues, 13 of the pieces are readily available for a minimum expense; 5 pieces are quite scarce; and the remaining seven issues cannot be obtained for under $100. including the three proof issues. The limited collectability has kept prices very low in light of the extremely low mintages of the later dates.

Most collectors are content to have only a single specimen for their type set. A nice Extra Fine piece should be available for only $15, or an About Uncirculated piece for roughly double that amount. For the collector that demands the best. $200 wilt secure a certified MS64 or a Proof 62 specimen- not bad for a coin over 100 years old that was not heavily saved in choice condition by collectors in the 19th century.

Variety collectors will have fun with this series as there are an abundance of repunched and recut dates and even some overdates to search for. Repunching on the dates is so common that only the most dramatic specimens bringing any price premium at all. Several double dies exist as well, including two varieties in the year 1866. Walter Breen list several important varieties in his "Complete Encyclopedia of US and Colonial Coins". However, no comprehensive listing has ever been published in book form. Have fun searching for varieties in this series- there are likely to be new varieties out there waiting to be discovered!

 


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 Orr      Days: 258-9100
V. President-                Mike Greer          Eves: 344-1907
Treasurer-                      Robert Hall        Eves: 561-8343
Secretary-                   Mike Nourse       Days: 344-9856
Editors -                     Loren Lucason    Eves: 272-3700
                                    Larry Nakata
                                    Brad Webb
                                    Mike Nourse
                                    Mike Greer

Board of Directors

Mike McKinnon-            Days: 786-7490
                                        Eves: 248-0955

Roy Brown-                   Eves: 563-6708  

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

DUES

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