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ACCent: The Monthly Newsletter of the Anchorage Coin Club

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Volume 17, Number 12

December 2004

December Christmas Party
Thurs., Dec. 9th, 2004 Central Lutheran Church

6:00 PM Start


 

FROM YOUR EDITORS

    November 3rd was a rough winter day here in Anchorage. The snowfall had started early in the day and continued through the evening. Roads were extremely treacherous around town. It was cold and dark.

Despite such rough weather, a die-hard group of us coin club members still came to this meeting.

Larry's wife, Maribel, made a huge pot of chicken soup. The turkey rolls, chips, soda pop, and a nice cake provided plenty of sustenance for this band of dedicated coin collectors.

Rather than cancel the meeting, Larry Nakata went ahead with his presentation on "Odd Denomination U.S. Coinage".

There were lots of unique type coins displayed at that presentation: Half cent, two cent, three cent, twenty cent, trade dollar, and three dollar gold coins.

It was a great presentation.....

Because there was a sparse turnout for this meeting, it was decided to carryover the door and membership prizes to our club's Christmas Party event scheduled for December 9th/ 6 PM at the Central Lutheran Church. For your information, the membership prize was a Year 2001 U.S. $5 American Gold Eagle coin. Some lucky person will win this coin at our Christmas Party event.

We want to remind all Anchorage Coin Club members that December 9th will be our next meeting date!!! Our club's tradition has been to consolidate our membership, YN, and Christmas party events into one meeting. So....DO NOT SHOW UP ON DECEMBER 1ST WITH THE EXPECTATIONS OF A MEETING.

1909 Barber Half Dollar in Fine-12 Condition

1909 Barber Half Dollar in Fine-12 Condition.

Since the main event for that evening will be the club's annual Christmas Coin Auction, bring your checkbook. Lots of nice numismatic items will be auctioned off that evening (refer to the auction list in this newsletter). If any club members wish to submit coins and numismatic items for the auction, bring them in on December 9th to the event.

See you at the Christmas Party.......Your Editors.

MEMBERSHIP NEWS

Schedule of Events for the Month of December:

  1. Anchorage Coin Club Christmas Party and Numismatic Auction: December 9th (Thursday) starting at 6:00 PM at the Central Lutheran Church (downstairs meeting area). The Central Lutheran Church is located at 1420 Cordova St. on the corner of Cordova and 15lh Avenue. Lots of door prizes to be given out that evening. Club members, families, and general public welcomed. See you there.....
  2. Anchorage Coin Club Board Meeting: December 15th (Wednesday) at 7:00 PM at the Country Kitchen located at 346 E. 5th Avenue (near the corner of Cordova and 5th Ave.). Club members welcomed.

Minutes of the November 17th Board Meeting

The Anchorage Coin Club board meeting was called to order at 7:15 PM by President Stan Mead.

The Board met at the Country Kitchen located at 346 E. 5th Ave. (corner of Denali and 5th).

First order of business was a review of correspondence.

The Board approved renewal of the club's insurance ($320) for 2005.

There were two requests for club endorsements for ANA President in next year's election. The Board tabled those requests until the next Board meeting.

The ANA sent our club a renewal notice for club membership. Since our club is a life member with the ANA, Secretary Larry Nakata will follow-up with the ANA on this matter.

Following a review of correspondence and bills, the Board then moved on to old business items.

Vice President John Larson gave an update report on the 2005 Calendar Project for the Anchorage Coin Club. John's anticipates all calendars to be ready by our coin club's Christmas Party event on December 9th. Members will then be able to purchase their coin club calendars at that meeting.

Christmas Party event (December 9th). Everything is in order for the event. Roy Brown will be making his phone calls (after Thanksgiving Day) to club members on potluck items to bring. All of the door prizes have been consolidated for the event. John Larson took possession of the door prizes and will finish wrapping up all of the remaining items.

The Board then went onto the matter of new business items: A check was made out to the Anchorage Coin Club for $388 from the club's gaming account. This check represents the proceeds that are derived from our raffle coin program. Such proceeds are used for the benefit of our club's programs to promote numismatics (coin collecting).

As the final order of business, the Board agreed to have it's next Board meeting at 7 PM, December 15th at The Country Kitchen located on 346 E. 5th Avenue.

As there was no further business, the meeting was adjourned at 8:00 PM.

1909-O Barber Half Dollar in VG-8 Condition

1909-O Barber Half Dollar in VG-8 Condition.

ANCHORAGE COIN CLUB'S CHRISTMAS PARTY
 ON DECEMBER 9TH

    This is an announcement that the Anchorage Coin Club will have it's annual Christmas party on Thursday, December 9th at the Central Lutheran Church (downstairs meeting area).

In keeping with our club's tradition, the membership meeting and YN meeting for the month of December will be the club's Christmas party event. So remember.....no meeting scheduled for December 1st. The meeting will be on December 9th.

Figure that people will arrive around 6 PM with dinner being ready between 6:30 and 7 PM.

Lots of door prizes will be given out that evening. The club's raffle prize, a 1923 $1 U.S. Note in crisp uncirculated (CU) condition, will be raffled off that evening.

The highlight of the evening will be our club's annual Christmas Coin Auction. Anyone wishing to submit coin and numismatic auction lots can drop off their auction lists to Roy at Roy's Coins or Carl at Carl's. We will post the auction list in the upcoming club newsletters leading up to the Christmas party date.

Figure this event to be a potluck Christmas party. The club will supply the usual chips, dips, sodas, ice, coffee, plates, forks, and spoons. We ask that the members bring in items such as main dishes, salads, desserts, and hors doeurves. Roy Brown will be making phone calls to members in November to determine what potluck items will be brought.

It should be great family event......Your Editors.

 

BEWARE OF THOSE PESKY HALF DOLLARS OF 1909
by Mike Nourse (Life Member #1)

    1909 Barber half dollars? What is the big deal about 1909 Barber half dollars?? They are a common date, produced at three mints that year; Philadelphia, New Orleans, and 5an Francisco. All three of these are readily available in most my condition. The key word in that last sentence was the last word: condition. For that is the dilemma involved in the purchase of a circulated 1909 Barber half dollar.

Barber half dollars were produced for 24 years total, with production taking place at two or more mints each year during that era. All 73 pieces required for a full set of these halves are available for a price, with only four of those coins having a retail value over $100 in Good-4 condition, and none of those exceeding about $200 in that condition. In general, the later dates, those made in 1900 and later, are more easily available than the 19th century issues. Some searching will be required o find the better dates in decent circulated condition, but eventually they can be found. Note, however, that many of the I890's coins are more difficult to locate than their current low prices would indicate.

Many collectors, of average means, will try to assemble this 73 piece set in one of the lower circulated grades, as the price )f Barber halves increases rapidly as you move up the grading scale. Grading is fairly easy in the lower circulated grades. A 3ood-4 coin will be worn pretty much flat, though the rim should be full or nearly full. In Very Good condition, three letters of the word Liberty, most likely the L, I, and Y, will be visible and the rim will be full. The wreath will be about half way outlined. In Fine-12 condition, again we look to the word Liberty, which in this case will be full. The wreath will be fully outlined. It is all pretty simple once you have some experience. Experienced collectors immediately focus in on the location of the word Liberty to grade barber halves. Except on the 1909's.

1908 Barber Half Dollar in VG-8 Condition

1908 Barber Half Dollar in VG-8 Condition.

It is not commonly known that the hub used in 1909 is slightly different from the ones used in other years. Maybe it is the same hub, just a bit warped, but in any case, the word Liberty is a bit more recessed in 1909 than it is in the other years, and that applies to the coins from all three mints. What it boils down to, is that you can not grade a 1909 Barber half dollar based solely on the word Liberty as you have been trained to do. To properly grade a 1909, you have to look at the overall level of detail on the coin, focusing in particular on the amount of detail visible in the wreath. Let's look at a few examples.

First, look at the picture of the 1909-S obverse shows what a strong Good-4 Barber half looks like. It is almost Good-6, but not quite. Note that four letters of Liberty are visible: the L, I, T, and Y. By this measure it is a solid Very Good, but the detail in the wreath is insufficient.

Now, look at the nice solid Very Good-8 Barber half obverse dated 1908. Three letters of Liberty are visible in this case, the L, the T, and the Y. About half of the wreath is visible.

Now let's look at the 1909 half dollar in the same condition, Very Good-8. About the same amount of wreath detail is visible in this 1909-O obverse, and possibly even a little bit less, than the 1908 specimen pictured above. However, you can see that all seven letters of Liberty are visible, though the bottom of B, E, and R are a bit weak. An inexperienced collector may be duped into purchasing this as a Fine-12 based on the appearance of all letters of Liberty, but it is not. Again, as with the 1908, only about half of the wreath is visible.

Now, let's look at a real Fine-12 1909 Barber half dollar obverse. This is a solid Fine-12, approaching Fine-15. In fact, it was sent to me as a Fine-15, but 1 sold it as a Fine-12 based on the overall amount of wear. In any case, it is solid for the grade. Sorry I don't have a larger picture of it, but suffice it to say that all of the letters of Liberty are clear and strong. On any other date besides 1909, the middle letters of B, E, and R are generally weak and just barely there.

Look at the wreath. It is fully outlined but it is flat, with no details showing in the leaves that compose the wreath. In Very Fine condition, the leaves start to show some detail, and the wreath starts to take on a three dimensional appearance. In the grades above Fine-12, the word Liberty is not really used much for grading any more, and other details take the spotlight (such as wreath detail), so you do not need to be nearly as concerned about the diffefence-Bvthe appearance of the word Liberty on 1909 halves in these higher grades.

So, there is a little heads up for when you purchase a 1909 Barber half for your set. Don't be surprised if the person you are purchasing the half from you looks at you funny when you mention this fact. I have only seen it written about in one place, and that is in The Complete Guide To Barber Halves by David Lawrence. Even the ANA grading guide does not mention it, even in the footnotes that follow the Barber half series. That is why few people are aware of this little quirk of this one year. And yes, this applies to all three mints of that year.

Just a little something to look out for in our wonderful world of numismatics!.....Mike Nourse.

LIST OF LOTS FOR CHRISTMAS COIN AUCTION
DECEMBER 9TH

Submitted by Bill Fivaz

1. 1857 Flying Eagle Cent in EF45 condition. Minimum Bid $85

2. 1907 Indian Head Cent in MS-65 Red. Minimum Bid $45

3. 1924-S Buffalo Nickel in Good condition. Minimum Bid $10

4. 1936-S Buffalo Nickel in MS-65 condition. Minimum Bid $65

5. 1938-D/S Nickel in MS-63 condition. Minimum Bid $37.50

6. 1905-O Barber Dime in EF40 condition. Minimum Bid $35

7. 1906-O Barber Dime in EF45 condition. Minimum Bid $52

8. 1939-S Mercury Dime S.B. BU condition. Minimum Bid $75

9. 1837 Bust Half Dollar MS-62 (Spoon Edge). Minimum Bid $180

10. 1887-S/S Morgan Dollar (VAM-2 variety) in MS-62 condition. Minimum Bid $70

11.1890-CC Morgan Dollar in MS-61 condition. Minimum Bid $245

12. 1934-D Peace Dollar in MS-60 condition. Minimum Bid $48

Submitted by Loren Lucason

13. "Standard Catalog of World Paper Money, Vol. 1" hard cover 6th Edition by Pick.

14. "Standard Catalog of World Paper Money, Vol. 2" hard cover 6th Edition by Pick.

15. "Standard Catalog of World Paper Money, Vol. 3" hard cover 6th Edition by Pick.

16. "Paper Money of the United States" hard cover by Friedberg

17. Lighted magnifier 10X made in Germany.

18. Roman Sestertius 121 AD Caesar Trajanus Hadrian. Sear # 3623. Value is listed as $130 in Fine condition.

19. Military Payment Certificate (MPC) Series 521 / 25 Cent Denomination.

20. U.S. Fractional Currency/ 25 Cent Denomination.

21. Book: "Glimpses of History" by Harmon (spiral bound).

22. Buffalo Nickel: 4 legged 1937 in MS64 condition.

23. Panama Pill 2 and 1/2 Centimos 1975 Proof.

24. Hungary/ Austria 2 Thaler 1693 Leopold "the hog-mouth" (ex-mount).

25. Military PX token 1993 Polymer 25 cents-jet.

26. Military PX token 1993 Polymer 25 cents-Operation Iraqi Freedom.

27. Hand Lens ~10X.

28. Roman Denarius Caracalla (Antoninus Pius) 202 AD.

29. Roman Denarius Septimus Severus 208 AD.

Submitted by Carl

30. 1878 U.S. Silver Dollar. Five coin set in custom Capitol plastic holder. Includes 8 tail feathers, 7 tail feathers, 7 over 8 tail feathers, Carson City, San Francisco. Minimum Bid $600.

31. U.S. Obsolete $20 state bank note from Canal Bank in New Orleans. Dated 1800s. AU58 condition. Minimum Bid $30.

32. "Standard Catalog of World Coins 1601 to 1700". Brand new condition. Estimated value $45. Minimum Bid $20.

33. 1938-D Buffalo Nickel. Grade PCI MS65 Frosty White. Minimum Bid $25.

34. 1965 Kennedy 50 cent SMS (Special Mint Set) PCI MS65 Frosty White. Minimum Bid $10.

35. 1964 BU roll of silver Roosevelt dimes. Minimum Bid $30.

36. 1945-S Mercury Dime in AU condition. Minimum Bid $4.

37. 1964-D BU Washington quarter. Minimum Bid $4.

38. 1964 Proof Washington quarter. Minimum Bid $4.

39. 1891 Morgan Silver Dollar in Fine condition. Minimum Bid $13.

40. One pound .999 fine silver Texas Independent Centennial. Minimum Bid $97.

41. Men's watch made by Coin watch with two-tone King Kamehameha coin face. Brand new with box and papers. Estimated value $150. Minimum Bid $45.

Submitted by John Larson

42. Various Numismatic Auction Catalogs:

Stack's Gold, Silver, and Copper Coins November, 2004

Strasburg Stock and Bond Auction Catalog November, 2004

Australian Numismatist Catalog October, 2004

Ponterio & Associates Catalogs September, 2004/ Long Beach with prices realized and November, 2004.

 

 

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