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ACCent: The Monthly Newsletter of the Anchorage Coin Club

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Volume 12, Number 12

December 1999

December Membership Meeting /
YN Meeting / Xmas Party
Thurs., December 9, 1999 Central Lutheran Church

Starting at 6 PM



We got started with the meeting a few minutes late; there was a lot of visiting going on. Once we got started we had three coin prizes to give away. The first door prize, a 1990 US Proof Set, went to Jerry Lee Allen, a new member and a new winner. The membership prize, a 1965 silver Canadian Mint Set, went to Steve Mead and the second door prize, an ANA Money Show Token was won by Sarah Bilak. We reminded everyone of the coin show at the Northway Mall and the YN coin displays that were to be there. The coin show went fine and we had five YN coin displays competing for YN bucks.

Our next meeting will be the Christmas potluck dinner on December 9th. We are still taking consignments for the auction. At last count we had 81 lots including an XF seated Liberty dollar and an ancient Greek silver coin (with a minimum bid of $35). We hope to see everyone there.

The bullet auction was next in the meeting with a variety of US and foreign coins and sets. We took a break to settle after the bullet auction.

Member Mike Orr began his presentation on "Medieval Hammered Coins". These coins looked old. One got the impression that they looked old the. day they were struck. Mike had many examples to pass around and he filled us in on the stories behind each one.

Seleucos I Tetradrachm

Seleucos I / Tetradrachm

They were simple coins packed with history. Studying these coins shed some light on the dark ages - a time when a thin dime went a long way. Of course what is written on the coin is: who is king, the kingdom ruled, and where the coin was hammered. After Mike finished his talk he spent another half hour answering questions about Medieval times and the mysterious coins. Once the questions were all answered we wrapped up, wished each other a happy Thanksgiving, and headed out into the holidays.

Hope all of our members had a great Thanksgiving and we hope to see a lot of the members at our December 9th Christmas Party / Membership Meeting / YN Meeting / Coin Auction. Please check the "Minutes of the November 17th Board Meeting" on details on the Christmas Party..... Your Editors.



Schedule of Events for the Month of December:

1. Christmas Party/ Monthly Membership Meeting / YN Meeting: December 9th (Thursday) at the Central Lutheran Church/Downstairs Meeting area starting at 6:00 PM. This will be a potluck event. Lots of door prizes to be given away that evening. Following dinner and awards presentations, there will be a coin auction as the evening's event. Club members, YNs, guests, and interested coin collectors are welcomed to this event.

2. Anchorage Coin Club Board Meeting: December 15th (Wednesday) at 7:00 PM at the Central Lutheran Church. Club members welcomed.

Minutes of the November 17th Board Meeting:

The Anchorage Coin Club board meeting was called to order at 7:30 PM.

The primary business covered that evening was the December 9th Christmas Party events and logistics:

John Larson confirmed that he will be bringing a number of door prizes for the event that have been Christmas wrapped.

Loren Lucason and Larry Nakata will be shopping for all items to be provided by the club for the Christmas party. The list of items was reviewed by the Board.

Ann Brown has been making phone calls to all members to determine what will be brought as potluck items for the Christmas Party.

Distribution of YN Bucks earned will be distributed to YNs at the Christmas Party. These bucks to be used by the YNs for bidding on coins at the Christmas Coin Auction.

All members are asked to show up at the event starting at 6 PM. We will start setting up the food tables and begin distribution of the door prizes prior to dinner. Following dinner, there will be yearly award presentations.

The evening's event will be our coin club's Christmas Coin Auction. At this time there are some 81 lots that will auctioned off at the December 9th event. We ask that any members wishing to submit final lots for the auction do so at the Christmas party. We hope to wrap up the auction by 9 PM that evening. If necessary we will carryover the remaining auction lots into our January club meeting. We will try and move as many lots that evening as possible.

Following the auction, we will settle up on the coin lots. We hope to have the Christmas Party wrapped up and the church cleaned up by no later than 10 PM that evening.

As there was no further business to discuss, the board meeting concluded at 8:30 PM.


by Larry Nakata (Member #41)

Thanks go to our club president Loren Lucason and member Richard Bilak for conducting the November 12th YN meeting. There was a very good turnout of YNs and parents that resulted in use of the big meeting room at the Central Lutheran Church. The subject covered was "Collecting Ancient Coins for the YN/Part II".

Lysimachos (313-281 BC) Drachm

Lysimachos (313-281 BC) Drachm

In this session the YNs who attended the Part I meeting (in October) brought in the ancient coins they cleaned up with the intent of identifying and dating the coins. YNs who were not able to attend last month's meeting were given ancient coins by member Richard Bilak....who brought in a bunch of extra" coins. All of these coins were ancient bronze. It was found that the majority of these coins were primarily 3rd century / 4th century AD Roman coins. There were some " 1st century AD Roman coins that were found, along with some Byzantine coins that were also identified. The prize find was a nice "Constantino the Great" bronze coin.

A nice door prize, an ancient Roman Bronze coin in VF condition, was won by YN Chris Odom. Thanks go to Richard Bilak for providing the door prize.

The evening finished up with YN Corey Rennell showing his coin display that was set up at the Coin Show at the Northway Mall over the weekend of Nov 20th and 21st.

Some five coin displays were shown at the Northway Mall coin show as part of our YN Bucks Contest. The displays were judged by club members who came to the coin show that weekend. Based upon the results of the judging, some $100 will be distributed to the five YNs who did displays. Congratulations go to YNs Corey Rennell, Scott Hall, Branden Samorajski, Justin Samorajski, and Jonathan Samorajski.

In addition to the five displays, some five articles were submitted by 5 of the YNs as part of our YN Bucks Contest. There will be another $100 distributed to the five YNs who submitted articles that will be posted in our club's next newsletter. Congratulations go out to YNs Corey Rennell, Chris Odom, Branden Samorajski, Jonathan Samorajski, and Justin Samorajski.

YN Bucks will be distributed to these YNs at the club's December 9th Christmas Party for use in bidding on coins at the club's Christmas Coin Auction.

Again... congratulations go out to these YNs for their efforts. We hope to see a good turnout of people at our December 9th Christmas Party........

        Larry Nakata.

CHIEF EDITOR'S NOTE: Back to the subject of Ancient coins. Two months ago, Loren Lucason wrote Part I of his article on Hellenistic coinage. Here is Part II of his follow-up article on a great subject.


by Loren Lucason (Member #97)

In our continuing coin story of Alexander's successors (diadochi) we have Lysimachos building a kingdom in Thrace on the coast of the Dead Sea. Thrace was an out of the way place in the Greek world and Lysimachos was left on his own for a while. Lysimachos issued impressive, 17 gram tetradrachms the obverse of which has Herakles wearing the horns of Ammon. These horns are curled like a ram. The reverse has Athena seated on a throne, one arm resting on a shield, and the other holding Nike. Gold Staters weighing 8.5 grams were also issued with the same designs. Lysimachos was killed in a battle with Seleucos in 281 BC but his coins were continued for some time after his death. Then in the second century BC his coin designs were used again in circulation. Recently a coin hoard was found containing several Lysimachian type gold staters. These were traced to a Roman army maintained by Brutus in Thrace about 44 BC. Although the artwork is not as good, these gold staters look like the local coinage and were used to pay the local mercenaries. A Lysimachian tetradrachm in VF costs about $400 and a gold stater costs around $2500 but because of the reduced quality of art, a Brutus issued Lysimachian gold stater can be had for as little as $800.

Seleucos, another successr to Alexander the Great, was the govenor of Babylon and after Alexander's death was ordered to give an accounting of his income to Antigonus of Macedon because of his involvement in the assasination of Perdiccas (a supporter of Atigonus). He refused and, to avoid the Greek army, escaped to Egypt and his friend, Ptolemy. There he forged a coalition among Ptolemy, Lysimachos, and Cassander. Together they defeated The Macedonian troops at Gaza in 312 BC. Seleucos took the title Seleucos I Nicator and proceeded to build an empire that stretched across Asia and included modern day Syria and Iran. Seleucos issued coins in the classic

Alexandrian style at first then started issuing coins portraying elephants. They were to celebrate his victories using the 500 elephants he received from India in trade for his Indian land holdings. Antiochos, the son of Seleucos, issued coins with his own portrait on the obverse and a seated Zeus on the reverse. This became the standard style of Seleucid coins. A typical Seleucid tetradrachm costs about $250.

Mithradates I (171-138 BC) Drachm

Mithradates I (171-138 BC) Drachm

Way out on the eastern end of the Seleucid empire was Bactria (modern day Afghanistan) populated mostly with nomads. In about 250 BC the Greek (Seleucid) governor, Diodotus, declared his independence and created the Graeco-Bactrian kingdom. They minted some very impressive coins in the Hellenistic style. Some with the leader in an elephant headdress and some with the leader wearing, what looks like, a pith helmet (like they wear on an expedition in Africa). Nice tetradrachms cost over $1000 but the smaller coins are as cheap as $20 and some of them use one alphabet on the obverse and another on the reverse.

Not so far east in the Seleucid empire is Parthia. They separated from the Seleucids about the same time as Bactria but did not gain full independence until Mithradates ruled in 171 BC. There are plenty of Parthian drachms around. The early ones have the best art and the later ones look like line drawings. They all seem to have a portrait of the leader facing left on the obverse and a seated character surrounded by writing on the reverse. There are some interesting helmets on some of the rulers, such as the stags on Grades' tiara.

Pergamum on the coast of the Mediterranean on the west end of the Seleucid empire won their independence in 263 BC, most likely with the help of the up and coming Romans. The richness of their available resources is indicated by the overweight rulers portrayed on their coins. Tetradrachms from Pergamum come in very high relief and a VF cost about $400. After the Romans conquered the entire Mediterranean a religious cult gripped the area including Pergamum and low weight cistophoric tetradrachms were issued with snake designs on them - but that is another story.

This spread of the Greek way of life was called Hellenism. The adoption of a standard language allowed for the spread of literature, philosophy, science, religion as well as coins. In literature, poetry is the most common survivor of that time but some outstanding works by historians such as Polybius were often referred to in ancient times. Thoughts of philosophers such as Plato and Zeno were made accessible to a larger group of people. Erathosthenes of Cyrene spent some of his childhood in Athens then came to be the head of the museum at Alexandria. He wrote the standard geography of the time and, not only knew the earth was round, but calculated the circumference with good accuracy. However with religion the Greeks began imposing their gods on the locals but as the centuries progressed there was a blending of beliefs. Trade, as well, benefited from the use of a common tongue and complex trade routes were established leading to the spread of coins throughout the Hellenistic world.

Some of the blended gods later appeared on coins, for instance, Sarapis, on the coins of Egypt. When the Romans came into power they had Romanized versions of Greek gods on their coins. The Greek goddess Athena became the Roman goddess Minerva and the Roman goddess Victoria was the winged Greek goddess Nike. You can see these gods on both Greek and Roman coins. Paying soldiers was the main use of coins in ancient times and soldiers knew nothing of science or philosophy.... thus Erathosthenes and Plato were never portrayed on Greek coins......

        Loren Lucason.

Bactria Eukratides Tetradrachm

Bactria / Eukratides Tetradrachm


December 9th Christmas Auction Lots

Mail bids will be accepted for the December 9th Christmas Auction. MB= Minimum Bid


1. 1879-S Morgan Dollar Uncirculated.

2. 1886-S Morgan Dollar. Uncirculated.

3. 1922 Peace Dollar Uncirculated.

4. 1943 Walking Liberty Half Dollar AU.

5. 1928-S Standing Liberty Quarter EF.

6. 1873 "with arrows" Liberty Seated Dime F-15.

7. 1913 Type I Buffalo Nickel Uncirculated.

8. 1848 Large Cent VF-30.

9. 1865 Two Cent EF-45.

10. Series 1907 $5 US Note VG.

11. 1858 Liberty Seated Half Dollar EF.

12. 1942 Walking Liberty Half Dollar Uncirculated,

13. 1980 Russian 5 Ruble Olympic Commemorative Proof Silver Coin.

14. Book: "Ancient Greek and Roman Coins" by Zander Klawans c. 1995.

15. 1934 Doubled Die Washington Quarter VG. MB $25

16. 1931-S Lincoln Cent VF. MB $25

17. 1897 Barber Quarter VF. MB $20

18. 1865 Indian Cent F+. MB $7

19. 1891-S Morgan Dollar AU. MB $15

20. 1883 Morgan Dollar Uncirculated. MB $15

21. 1859-O Seated Liberty Dollar EF. MB $200.

22. 1986 Prestige Proof Set (7 coins-Statue of Liberty)

23. 1958 Proof Set.

24. 1960 Proof Set.

25. 1961 Proof Set.

26. 1973-S Proof Ike Dollar.

27. 1978-S Proof Ike Dollar.

28. 1923 Peace Dollar VG.

29. 1924 Peace Dollar G.

30. 1981S Susan B. Anthony Dollar Proof.

31. 1958 Franklin Half Dollar Uncirculated.

32. Complete BU Set of Washington Quarters 1941-1991. Includes extra 1968-S Proof, 2 each 1969-S Proof, 1970-S Proof, 1971-S Proof, 1972-S Proof, 1973-S Proof, 1974-S Proof.

33. 1976 25 Guilder Netherlands (Antilles) Silver Proof.

34. 1936 Canada Voyager Silver Dollar Uncirculated.

35. 1802 8 reale coin with chopmarks VF+.

36. 1786 8 reale coin with chopmarks G+.

37. Complete Gem BU Mercury Dime Set 1934-1945-S (36 coins).

38. 1925 Peace Dollar NGC MS-63.

39. 1923 Peace Dollar NGC MS-63.

40. 1887 Morgan Dollar NGC MS6-3.

41. 1953 A Star Note $5 Silver Certificate AU.

42. Book: "The Anchor Atlas of World History Vol I" by Kinder & Hilgemann c. 1974. Maps of the world from the Stone Age to the Eve of the French Revolution.

43. 1858 Flying Eagle Cent G.

44. 1863 Indian Cent G.

45. 1881 Indian Cent G,

46. 1907 Indian Cent VF.

47. 1853 Three Cent Silver G.

48. 1868 Shield Nickel AG.

49. 1883 N.C. Liberty Nickel F.

50. 1913-D T1 Buffalo Nickel VG.

51. 1992 Olympic Half Dollar Proof-69.

52. 1962 Dawson Gold Rush Festival Token.

53. 1985 Japan Mint Set.

54. 1942 Proof Cent PR-65 MB 38

55. 1879-S Morgan Dollar NGC-64 PQ MB 40

56. 1880-S Morgan Dollar MS-64 PQ MB 65

57. 1876 Indian Cent

58. 1940-S Walking Half Dollar MS-64 MB 110

59. 1936 Walking Half Dollar MS-65 MB 75

60. 1942 Walking Half Dollar MS-64 MB 65

61. 1939-D Walking Half Dollar MS-64 MB 65

62. 1946-D Walking Half Dollar MS-64 MB 50

63. 1885 Morgan Dollar MS-64 MB 40

64. 1981-D Susan B. Anthony Dollar MB 8.50

65. 1948 Washington Quarter AU

66. 1961 Roosevelt Dime MS-65

67. 1954 Franklin Half Dollar MS-65 FBL MB 80

68. 1952 Franklin Half Dollar MS-64+

69. Ancient: Greek Appollonian Pontica Drachm 450-400 BC MB 35

70. Book: "Standard Catalog of World Paper Money, Vol. I" by Pick.

71. Seventeen (17) each Stacks / Coin Galleries Catalogs of Ancient-Modem Coins of the World. 1995-1999. Eleven (11) catalogs with prices realized.

72. Various Paper Money & World Coin Catalogs: Six (6) each Ponterio 1998-1999. One with prices realized. Seven (7) each R.M. Smythe 1999. Two with prices realized. Three (3) each IBMS Journal of Paper Money 1999.

73. Eight (8) each issues of Celator Magazine 1999. Three (3) each Tom Cederlind 1999 catalogs "Ancients".

74. 1949-S Roosevelt Dime AU

75. 1876 Liberty Seated Dime F

76. 1853 Liberty Seated Dime VF

77. 1871 Liberty Seated Half Dime VG

78. 1845 Liberty Seated Half Dime F

79. 1868 Three Cent Nickel F

80. 1869 Shield Nickel G

81. 1936 Buffalo Nickel MS-60

Members wishing to submit coins or numismatic items for the Christmas Coin Auction should bring them to the December 9th Christmas Party at the Central Lutheran Church starting at 6 PM.



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-                    Loren Lucason    Eves: 272-3700
V. President-                John Larson       Eves: 276-3292
Treasurer-                      Robert Hall        Eves: 561-8343
Secretary-                   Larry Nakata        Days: 269-5603
                                                                    Eves: 563-1729

Editors -                     Loren Lucason
                                    Larry Nakata
                                    Robin Sisler
                                    Mike Nourse
                                    Jim Susky
Club Archivist / Photographer - Robin Sisler

Board of Directors

Roy Brown-                      Days: 563-6708

Don Thurber-                  Eves: 338-7488

Mike Orr-                         Eves: 522-3679


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