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ACCent: The Monthly Newsletter of the Anchorage Coin Club

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Volume 16, Number 11

November 2003

November Membership Meeting
Wed., Nov. 5th, 2003 Central Lutheran Church

7:00 PM Open, 7:30 Meeting


 

FROM YOUR EDITORS

    October 1st saw our members meeting to reconsider the decision to move our meetings to the Spenard Lions Club. It was decided to continue having our club meetings at the Central Lutheran Church where we have held meetings since the beginning.

At the meeting, Larry Nakata gave a briefing on the club's 15th year medallions. The Alaska Mint, owned by members Mike and Michelle Robuck, will be making these medallions in time for our club's Christmas Party (scheduled for Tuesday, December 11th). At the time of this meeting, it was not possible to have a medallion ready for the membership to view. Larry stated that he will have it ready at the next membership meeting (November 5th). Orders were being accepted at the meeting with cost of a 2 coin set of proof silver and bronze medallions (with your member number inscribed on the edge of the coins) at $35 for members. Members can also order additional medallions without inscribed numbers at $7 each for bronze and $20 each for silver.

A number of orders were placed that evening by members.

Larry would like to have orders placed by November 30th so that the medallion sets are ready for our club's Christmas party.

There are also Anchorage Coin Club 5th (1993) and 10th (1998) year medallions available for purchased by our members. Each two coin set is $45 and each bronze medallion is $10. Contact Larry Nakata (daytime #269-5603) if you wish to purchase these 5th and 10th year medallions.

Members were reminded that there is a coin show at the Cottonwood Creek Mall in Wasilla on the weekend of November 1st and 2nd. The Anchorage Coin Club will have a table and we plan to handout information about coins and the club as well as display the banner. If any members wish to have a table at the show Robert Hall can be contacted at his evening number (#561-8343). Hope to see a lot of our members at this show.

It was also announced that members Robert Hall and Frank Jasper would have coin tables at the October 4th and 5th show at the Ben Boeke Arena.

Larry Nakata also brought his 2003 ANA (American Numismatics Association) award, the Glenn Smedley Award, for the group to see. This national award is given out each year by the American Numismatics Association to coin collectors in recognition for their services to the hobby of coin collecting. Congratulations to Larry!!

The door prize, a 1987-D Uncirculated US Mint Set was won by Robert Hall. The membership prize, a painted US Year 2000 $1 Silver Eagle, was won by Howard Wright.

Following the bullet auction (which featured 22 coins and numismatic items) our club president, Stan Mead, gave a slide presentation on "General Grading of Coins- Circulated Grades".

Our next club meeting will be on Wednesday/ November 5th. YN Justin Samorajski will start off at 7 PM with a presentation to the YNs on "The Basics of Coin Collecting". Your editors want to remind all adult members that they are certainly welcomed to come early for the YN meetings.

The membership meeting will start upon the conclusion of the YN meeting (around 7:30 PM). There will be a presentation by Stan Mead and Greg Samorajski on "General Grading of Coins- Uncirculated Grades). Expect to see a contest based on grading skills at the conclusion of this presentation with an award for the winner. YNs are encouraged to stick around for the membership meeting.....Your Editors.

 

MEMBERSHIP NEWS

Schedule of Events for the Month of November:

  1. Monthly YN Meeting/ Regular Membership Meeting: November 5th (Wednesday) evening/ Location: CENTRAL LUTHERAN CHURCH. The YN meeting will start at 7 PM followed by the general membership meeting at 7:30 PM. Meeting to be held in the downstairs meeting area of the church. YNs, club members, family, and general public welcome. The YN meeting will see a presentation by YN Justin Samorajski on "The Basics of Coin Collecting". The general membership meeting will feature a presentation on "General Grading of Coins- Uncirculated Grades". There will be a bullet auction of no more than 15 coins at this meeting. Members are encouraged to bring in coins and other numismatic items for the bullet auction.

  2. Anchorage Coin Club Board Meeting: November 19th (Wednesday) at 7:00 PM at the New Cauldron Restaurant in the University Center. Club members welcome.

Minutes of the October 15th Board Meeting

The meeting was called to order at 7:10 PM by President Stan Mead.

First item of business was a review of correspondence and bills.

Larry Nakata has prepared the club's renewal forms of it's state gaming license for raffles. The paperwork for the renewal was reviewed, approved, and signed. Larry will mail the renewal forms with the $20 fee.

With the membership decision on October Ist to continue our club meetings at the Central Lutheran Church, Treasurer Greg Samorajski made out a club check for $175 to the Central Lutheran Church for the use of the church facilities. This $175 check will cover the use of the church facilities through the end of December.

Upon completion of correspondence and bill paying, Larry Nakata gave an update on the club's 15th year medallion program. As of the October 15th Board meeting 17 orders had been placed for the 2 coin sets. Orders were also placed for one 5th year two coin set, one 10th year two coin set, and three 15th year bronze medallions. Roy Brown is presently making calls to all club members to make sure all medallion orders are placed by no later than November 30th.

A proof 15th year silver medallion was shown to Board and club members who attended this board meeting. This medallion will also be shown at our November 5th club meeting. Greg Samorajski noted that only the 2 coin sets and the individual bronze medallions are available for purchase. Greg brought up the idea that the club should also allow for individual silver medallions to be purchased as well. The Board then decided to allow for purchase of individual silver medallions with no member number inscribed on edge of coin at $20 each. Larry Nakata will change the order form in the next newsletter to allow for purchase of individual silver medallions.

The club's Christmas party was then discussed. At the time of the October board meeting, it was not possible for Larry

Nakata to meet with Richard Bilak on availability and planning for a Christmas party at the Anchorage Museum. The Board discussed and then decided to move forward with plans for the Christmas Party to be held at the Central Lutheran Church sometime during the week of December 7th-13th (Note: Now set for Tuesday, December 11th). Larry Nakata will contact Central Lutheran Church on available dates for that week. Larry will post the date of the Christmas Party in the next club newsletter. Besides dinner, door prizes, and awards for outstanding members, we will have our club's traditional Christmas Coin Auction. Larry will post a listing of the coin auction lots in the club's next newsletter.

The Board then moved on to discussions of improvements to the club's newsletter. The October newsletter saw the first changes to the newsletter:

The club's newsletter title, ACCent, and

Trivia information pertinent to the monthly article.

Larry Nakata and Loren Lucason (editors of the newsletter) are looking for input from our membership on other suggested improvements. Among the suggestions for improvements have been that our club's newsletter feature a monthly numismatic cartoon. Carl has volunteered to draw the cartoons.

Meantime, Loren and Larry briefed the Board on changes planned for this November newsletter. These suggested changes were approved.

Justin Samorajski brought up the point that the club needs to put our club's monthly newsletter back on it's webpage. Larry Nakata, the present webmaster of our club's webpage, has not been able to afford the necessary time needed on the club's webpage. Larry is looking for someone in our coin club to take over the function as the webmaster for our coin club's webpage. A volunteer is needed. After some discussion it was decided that Larry will post an announcement in the next newsletter asking for a good volunteer to help out.

On the matter of new business, Greg Samorajski, recommended that a table be put aside at our regular meetings so that members can bring coins in for display or for sale to club members. It was agreed by all members of the Board that the purpose of a coin club is to show, sell, and swap coins among friends. This table will be set up at our next meeting.

Final order of business was an idea suggested by Bill Hamilton at the coin club's October 1st meeting. At that meeting, Bill announced that The ShipCreek Mall management will allow our club to setup a coin show in the mall at no cost to the coin club. Since Bill was not at the October 15th Board meeting, it was not possible to go into any detailed discussion of planning such a show. There were recommendations by some of the Board members that we consider having such a show the week prior to Fur

Rendezvous. This matter was tabled until our next Board meeting in November. At that time, Bill Hamilton should be available for further planning discussions.

As there was no further business, the meeting was adjourned at 8:25 PM.

 

THE YN CORNER

ATTENTION ALL YNs:

The next YN meeting will be scheduled for 7 PM at the Central Lutheran Church on Wednesday, November 5th. YN Justin Samorajski will be giving a presentation on "The Basics of Coin Collecting". It should be a great session. We ask that you come and stay for the membership meeting at 7:30 PM. The membership meeting will be on "General Grading of Coins- Uncirculated (Mint State) Grades".

See you there...Don and Marilyn.

 

ANCHORAGE COIN CLUB'S CHRISTMAS PARTY
and CHRISTMAS COIN AUCTION

LOCATION: Central Lutheran Church

DATE & TIME: Tuesday, December 11th 6 PM Start.

Our club's 15th year Christmas Party will be an event in which members will be asked to bring desserts, salads, and hors d'oeuvres. The club will provide the turkey and ham main dishes as well as the chips, dips, soda pop, coffee, plates, cups, and utensils.

In keeping with our coin club's tradition, the main event will see our Christmas Coin Auction. Members wishing to submit lots for the Christmas auction should notify Larry Nakata (daytime #269-5603) so that your lots can be posted in the club's newsletter to be mailed out in November.

Roy Brown will be making phone calls to each of you on what food items will be brought to the December 11th Christmas party. This will help us in the planning of the event.

If there are any questions, contact Larry Nakata.

 

WE NEED A FEW GOOD VOLUNTEERS

    You have probably heard the cliche "10% of the people do 90% of the work". That certainly seems true of a volunteer organization.

At the Anchorage Coin Club, we need to improve on that 10%.

Right now...we have a need for someone (with webpage experience) to take over the coin club's webpage. In years past, we were able to post our club's monthly newsletter on that webpage. This is not happening at present. We need someone to look into and improve the appearance of our club's webpage.

Any volunteers?!!!

Your coin club could certainly use the help.

Interested members can contact Larry Nakata (daytime #269-5603).

 

COLLECTING COINS - LET ME COUNT THE WAYS
by Loren Lucason (Member #97)

    First collect coins that appeal to you. Coins you appreciate now will be a joy to you in the future. Whether it be beautiful struck-twice proof coins made of gold sold to rich coin connoisseurs in modern times. Or hand hammered paper thin pennies used by serfs to buy the staples of life in medieval times. You can start small and move up to rarer coins as you go. The most popular way for Americans to start collecting coins is by putting together a set of Lincoln cents. It is hard to find an American collector who doesn't own at least a partial set of Lincolns. Beyond the ones you get from your change, there's the ones you find in rolls from the bank, then the ones you find in the "junk" box at the local coin dealer. Finally there's the last few you just can't find. These are called the "keys" and they are in the dealer's fancy case with the other expensive coins. Not to worry. With the valuable lessons you learn from your pursuit you will eventually be rich enough to afford these final keys.

You could collect coins as small as a dime. Dime sized coins have been in circulation since the beginning of coinage. There was the Greek drachm, the Roman denarius, the medieval French denier, and, even now in circulation, the American dime. It seems there will always be some form of small change for you to collect.

You could collect big coins. Silver dollars and other crown size coins from around the world are very popular. They have ample room for fine quality numismatic art and are quite impressive. Crowns can be found in any coin metal and is a favorite size for commemoratives the world over.

Commemorative coins are reminders of important times, places, and events. There are those who collect nothing but commemorative coins. Some see a collection of commemoratives as an outline of history. And those collectors were involved in that particular bit of history. The first U.S. commemorative coin program started with the Columbian Exposition in 1892. These were half dollars that celebrated everything from the San Francisco Bay bridge to the inventor of peanut butter. In 1976 the commemorative quarters, halves, and dollars were issued in both silver and clad to celebrate the 1776 declaration of independence. The current commemorative program was started in 1982 and includes proof half dollars, dollars, and five dollar gold pieces as well as boxed sets.

Across the world commemoratives have been issued to celebrate an array of events from victories to weddings and a myriad of characters from Einstein to Mickey Mouse. In 1992 Canada issued 12 quarters, one for each of their provinces. In 1999 the U.S. started the state quarter program. It has brought many new people into coin collecting. Each year 5 state quarters are released. They're released in the order they joined the union. The Alaska state quarter won't be released until late in the year 2008 but all 5 quarter designs are set by the end of 2007. We have not yet decided on a design so get your Alaskan state quarter artwork in by 2006.

Many variety coins have been found by people looking for the latest state quarter. Variety and error coins are very intriguing to collectors. They give insight as to how coins are made as well as how they are messed up. A famous variety coin is the 3-legged Buffalo nickel. It got into circulation at the height of the depression. It is rare in high grade because a nickel was a significant amount of money then, so not everyone could afford to put aside a shiny new nickel just because it had a buffalo leg polished off by the mint. Varieties are interesting with their little quirks but error coins are far more dramatic and bazaar. Oblong off center coins, oversize broad struck coins, missing clad, and clipped coins all make for an eye popping collection.

Foreign coins are a great source of coin treasures. You could put together a collection of perfect coins at a good price. Perhaps a collection of coins with a theme such as ships or trees or world leaders. Animal motifs make for a cool collection. Foreign countries have coins with animals ranging from rats to elephants, sardines to whales, pigeons to condors. Or you could collect a coin from every country in the world or every country you have ever visited. And in a great variety of metals too. There are coins made of palladium, titanium, and zinc, as well as sterling silver, stainless steel, and brass. For kids foreign coins are the best. They are interesting, exotic, comparatively inexpensive, and your brother can't spend them at the local candy store.

You could be a type coin collector. A type collector is not so much interested in details of a coin's date or mintmark. What matters is the coin's design and the condition it is in. There are six main American coin types: draped bust, capped bust, seated liberty, Barber, post St. Gaudens, and dead presidents. Denominations range from the 1/2 cent to the $20 gold piece. A world type coin collection is even richer in variety. Foreign types range from the Panama pill to the English cartwheel, the aluminum yuan to the platinum rouble.

Ancient coins are surprisingly attainable and have their own set of types. The Greeks had the silver drachm (pronounced dram). The tetradrachm (4 drams) was the workhorse of early Greece. The Athenian owl tetradrachm was at the heart of getting ancient coinage accepted for trade. When Alexander the Great built his empire he financed it with silver tetradrachms and gold staters. The Roman empire ran on silver denarii and copper sestertii. Ancient coinage covers a long period of time and there are a lot of coin types for you to collect. There are the different coins from each Greek city-state, biblical coins, and Roman Caesars, in orichalcum, silver, electrum, and gold. Some of the worlds most beautiful numismatic art was hand struck onto ancient coins.

Then there is the long period after the fall of the Roman empire when coins were not so pretty. But a lot of the world's history happened during this time. You will find it quite a challenge to build a collection of coins minted during these turning points in history. But if you want to collect a lot of pretty coins nothing compares to the postindustrial coins of the world today. Frosted proofs, multi metallic coins, colored coins, and hologram coins abound for the collector to add to his collection at a very reasonable cost.

You could become a coin connoisseur collecting only the best. You could start out slow with a few bright red Brilliant Uncirculated wheat chets, some full steps war nickels, a couple full split bands mercury dimes, and maybe a BU full bell lines Franklin half. Before you know it you will be picking up extremely high grade deep cameo (DCAM) proof coins in slabs. Then its onto the rare key coins in high grade and putting together a register set to compete with other connoisseurs. Then, when you are rich, you will be buying limited edition proof gold coins and bidding against museums for the world's greatest numismatic rarities.

Trivia: "Chinese Cash coins predate Greek coins but they are cast, not coined."

Perhaps becoming a numismatic scholar is your impetus to collect. So much of man's history is told in this medium of exchange. From the cow purchased for an electrum nugget in Lydia to the victory announced on a copper sesterius in Rome to the Christian cross on a silver reale in Spain to the moon shot celebrated on a nickel 2 riyal in Yemen numismatic artwork will tell you 3000 years of man's history. The coin's fabric is also a valuable source of knowledge. The ancient Greeks found natural electrum nuggets to make coins and the medieval serfs cut thin billon pennies to make change.

Trivia: "Alexander III's Tetradrachms were still struck 200 years after his death."

There are still colonial coins to tell you about the new world and lost treasure, Chinese cash to give you a list of the ancient oriental leaders, coins from your grandparent's homeland to show you what your ancestors spent, coins from the country your sister moved to show you what she is spending now, and the oddest coin you've ever heard of to find. Then there is siege money, trade tokens, pattern coins, parody coins, and those 2-headed coins you get from joke shops to look into. Not to mention collecting from the paper side of numismatics including fractional currency of the civil war and the paper quarters used by soldiers in the Korean war. As well as fifteen other fields of coin collecting I can't quite think of right now.

Investors buy coins to make money - they have a calculated few to choose from. Whereas a coin collector assembles a set of coins he likes from the world of coinage spanning 3000 years. I can not count all the ways you could collect coins. You must choose the way you like ..... Loren Lucason.

We look forward to your input ...... Your Editors.

Trivia: "England Had A Mint In Normandy At The Time of Joan Of Arc's Death. "

 

CONTEST FOR NEW DESIGN AND CHANGES
ON CLUB'S NEWSLETTER ACCent

    The time has come when an award winning newsletter, such as ACCent, must see changes if it expects to continue winning awards.

The present format of our club's newsletter has not changed at all these past 10 years.

Accordingly, your editors would like to announce a contest to our club members on ways the newsletter can be improved.

The front page needs a new design.

Take a look at the logo "The Award Winning Newsletter of the Anchorage Coin Club". Should it be changed...and if so, to what?!

Should we change the three column format of the newsletter to something else?!

Your editors presently use Microsoft Word for formatting the club's newsletter. While it has worked well over the years, is there something better?!

Send in your ideas and page designs.

The Board will select the winner with the best ideas and design. The announcement of the winner will be made at our club's Christmas Party in December. An award will be given to that person.

We look forward to your input..... Your Editors.

Trivia: "The US Mint Did Not Mint 1975 Quarters, Halves , OR Dollars."

 

ANCHORAGE COIN CLUB 15TH YEAR MEDALLION PROGRAM

    The Anchorage Coin Club's 15th year medallions are scheduled to be ready by the time of our club's Christmas Party in December.

Cost of the two coin set consisting of a Proof Silver and Proof Bronze coin will be $35 to each member of our club. The coins will be encapsulated and placed in a display box. Your membership number will be engraved on the edge of each coin.

Also available will be single bronze medallion coins in a mylar flip holder with no lettering on the edge. These bronze medallions are available to each member of our club at $7/coin..

There will also be single silver medallion coins in a sealed holder with no lettering on the edge. These silver medallions are available at $20/coin.

There is a form on this newsletter that can be filled out for ordering of the 15th year medallions.

There are also 5th and 10th year medallions available at $45 for the two coin set and $10/each for the single bronze medallions.

We would like to have your orders placed by November 30th in order that the medallions be ready in time for the club's Christmas Party. In order to meet this deadline, member Roy Brown will be making phone calls to each of our members to take orders for these sets.

If there are any questions, feel free to contact Larry Nakata at (907)269-5603 (daytime number) or at (907)563-1729 (in the evenings)....Larry Nakata.

 

 


The Anchorage Coin Club

Club Officers

Board of Directors

Editors

Club Archivist / Photographer

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