Return to Alaska Coin Exchange homepage
Return to ACCent homepage
ACCent: The Monthly Newsletter of the Anchorage Coin Club
|Volume 19, Number 1||
|January Membership Meeting|
|Wed., January 4th, 2006||Central Lutheran Church||
7:15 PM Meeting
successful numismatic year has come to an end. We are all looking forward to a
fun, exciting, and prosperous 2006. I would like to thank everyone for attending
the December meeting, Christmas Party, and auction. We had a great turnout with
lots of good food and everyone receiving at least one door prize. Many
numismatic treasures were given out with special thanks to all that donated. The
auction turned out very well and we raised some extra funds for our YN Program.
I would like to thank everybody that donated to the
club and participated. It is help like this that will allow the club to continue
to thrive and prosper.
Also, a special thanks to our Treasurer, Greg
Samorajski, for matching a few of the winning bids during the auction which
added some fun and excitement to our holiday event.
For the upcoming year I would like to focus on one of
our goals of the club….to increase membership attendance and participation.
Hopefully, we will see as many people as possible at
the upcoming January meeting.
Have a Happy New Year. Your friend in numismatics…….Carl.
Anchorage Coin Club
Christmas Party / December 8th
Dinner Being Enjoyed by All
The club’s raffle prize, a 1914-D US $2 & ½
dollar gold/ graded MS60/ certified by National Numismatic Certification, was
won by Larry Nakata’s wife, Maribel.
Our 2005 Numismatist of the Year
was Bill Hamilton. Congratulations go to Bill, who has made it a point to come
to our coin club meetings and Board meetings all the way from Ninilchik. That is
Special thanks really must go to
Roy Brown and our president, Carl, for providing the many door prizes that were
given out that evening.
Our next club meeting will be on
Wednesday, January 4th at the Central Lutheran Church (7:15 PM
Your editors also wish all of
you a good Holiday season and a great Year 2006……Your Editors.
- Bill Hamilton's Grandson accepting Numismatist of the Year
award for his Grandfather
Minutes of December
21st Board Meeting
The December 21st Board meeting was a very informal dinner
meeting by Board members in attendance.
The only business that was addressed that evening was “cutting of a
check” from the club’s gaming account to the Anchorage Coin Club in the
amount of $379.85 (moneys from our raffles that goes to the club for it’s
various numismatic programs). That check must be deposited in our club’s
account by the end of the calendar year.
The remainder of the meeting was enjoyed by all Board members wishing each
other a Merry Christmas and good holiday season.
The next Board meeting will be on January 18th, 7 PM, at the
New Cauldron Restaurant (located at the University Center). All are welcomed to
Have a great New Year…..Your
Commemorative Coin Commission’s website is:
By the time you get the Anchorage Coin Club’s
newsletter in late December or early January (2006), most of you will have
already heard the press release for the start of the narrative concepts for the
Alaska state quarter.
The discussion of local TV/Radio appearances was
discussed. Commissioners and Mrs. Murkowski were all urged to participate in
The December meeting finalized the dates that the
public can start to submit their narrative concepts (January 2nd,
2006 to February 28th, 2006). Those with computers will be able to
download the narrative entry forms with the instructions and general information
forms from the listed Website. You will be able to fill out the forms on your
computers and e-mail them back to the Website. There will be two parts of the
narrative entry form: Part “A” is the Design Narrative (what
is your design concept) and Part “B” is the Relationship/ Significance
of your design in Alaska’s history and cultures (Why). The only change
to this section is that both parts are to equal 150 words or less. For example,
you can use 71 words in Part “A” and 79 in Part “B” if you so choose.
Those without computers
can call Patricia Swenson at (907)269-8108 or fax her at (907)269-8425 for a
copy of the forms which can be mailed or faxed to you. Official entry forms will
also be available to be picked up in the offices of the Dept. of Community,
Commerce and Economic Development, 550 W. 7th Ave, Suite 1700,
Anchorage, AK 99501.
This was short meeting to finalize the last of the
few remaining issues. Now the real work begins for the Alaska Commemorative Coin
Commissioners. We get to start reviewing the thousands of narrative entry forms
that will be sent in….Stan Mead.
The investment contest which started about 20 months ago has now ended and
the results are in.
As was announced by Anchorage Coin Club President
Carl at the Christmas banquet, the winner of the contest was Larry Nakata.
Larry noticed that key date coinage was on the move
and made a big bet that the trend would continue. He focused on some of the most
popular key date coins and selected them in very popular and in demand grades
ranging from Extra Fine 40 to Mint State 60 condition.
This strategy allowed Larry to pick a portfolio of
seven coins that grew by an amazing 46.2 percent overall. His initial
valuation was $9985 in the May 2004 issue of Coin Prices magazine which grew to
$14,595 as of the January 2006 issue of the same price guide. Very impressive
Let’s take a look at Larry’s specific coin picks:
Indian Head Cent, 1909-S, in EF-40 condition. A bit of a laggard, only
gaining 14 percent during the time period from $500 to $570.
Lincoln Cent, 1909-S VDB in MS-60. Extremely popular but fairly common
and readily available. Still it returned a respectable 30 percent, rising from
$1150 to $1500.
Another Lincoln Cent, 1955 Doubled Die, in EF-40. About an average
performer in the portfolio, rising 43 percent from an even $1000 to $1425.
Another error, the 1937-D 3 Legged Buffalo Nickel in MS-60. This was a
great performer rising 54 percent from $1750 to $2700.
Mercury Dime, the key to the series 1916-D in EF-40. Larry’s biggest
winner both in dollar terms and percentage. It rose from $3500 to $6200 in just
that short time span for a huge 77 percent increase.
Morgan Dollar, 1881-CC in EF-40. These are more popular in Mint State,
hence it only increased by 19 percent from $335to $400.
Peace Dollar, 1934-S in MS-60. The right coin but the wrong series. Peace
Dollars are just not popular, making this the only dud in the group with a $50
gain from and initial price of $1750, or just 3 percent.
Well done, Larry! His great investment picks won him
a lustrous AU 1951-S Franklin Half Dollar.
Well, I tried, but now I give up! I went to the bank on a regular
basis and bought $100 at a time of Sacagawea dollars and used them instead of
dollar bills whenever possible. Over the last few years, I have noticed that the
golden dollars I give the clerk at the cash register are the only ones in his or
her cash drawer. Looking back 5 years ago or so, there would typically be at
least one or two sitting in one corner of the register but that sight is quickly
becoming a thing of the past. In all those years, I never received one in
Why did the Sacagawea dollar fail? Nobody knows for sure.
My guess is that people just are not interested in having any radical changes to
our monetary system. It is one of those cases of not wanting to fix something
that isn’t broken. I suppose that it does not yet require too many quarters to
run a vending machine for people to want an alternative.
Probably part of the reason is also that increasingly
money is thought of in terms of flat pieces of plastic with magnetic strips with
words like VISA, Master Card, or American Express on them rather than metal
discs containing words like Liberty and the cryptic E Pluribus Unum. Even
vending machines are taking credit cards now, eliminating one of the great
arguments for the need for a new dollar coin. Credit cards offer some pretty
enticing rewards for their use, anything from a percentage back to frequent
flyer airline mileage. Using cash gives you no reward of any kind.
Should we try again with the dollar coin? Probably not-
it has been pretty consistent failure straight on through from the Eisenhower
cartwheels of the 1970’s through the Anthony ‘quarters’ and on to the
current Sacagawea golden dollars. I kind of think that if the Eisenhower dollar
had been issued using the same color and smaller size as the Sacagawea dollar
back in 1971, it may have been a success and actually have become an everyday
sight in American pockets and purses, but it is too late to change history.
Longer term, I do think that money (coins and currency
that is) will become a thing of the past. The transition to plastic cards is
well underway and seems to show no signs of slowing down. Keep in mind though
that I am thinking this situation will not come to pass for another two to four
decades from now, after most of us, myself included, are gone. Even today there
are plenty of individuals that I know that rarely use anything other than
plastic to pay for almost anything. Credit cards are being issued to younger and
younger kids (tied to their parents account of course) so the little darlings
don’t think twice about just swiping a card through a reader and the
transaction is done.
Will I ever get more Sacagawea dollars from the bank for
spending purposes? Maybe, but probably not. I know several Anchorage Coin Club
members were also trying to promote their usage in the same way, but I think I
am ready to throw in the towel on this one, once I have spent the last few that
However, I am reeeealy looking forward to spending lots
of Alaska state quarters in 2008!…..Mike Nourse.
PRICES REALIZED FOR THE FIRST 39 LOTS CHRISTMAS COIN AUCTION
Set of ten (10) Uncirculated Lincoln cents. Various dates 1950-1956. Minimum
Bid $1. Price Realized $3.
Set of two (2) Uncirculated rolls of 2005 Oregon state quarters:
2005-P and 2005-D. Donation Item. Price Realized $25.
Complete set of Jefferson Nickels 1938-1964. Circulated to
Uncirculated condition. Minimum Bid $75. Pass.
4. Ancient coin. Roman- Constans/ 337-350 AD/ Siscia Mint. Graded ICG VF25. Minimum Bid $40. Price Realized $40.
5. U.S. Mint set of 11 medals “Commemorating Battles of the American Revolution”. Minted in 1973 in Original Mint book holder. Minimum Bid $60. Price Realized $60.
Complete set of Gem BU Lincoln Cents in Dansco Holder 1959-2001. Minimum Bid $40. Price
Custom framed $1 note. Donation Item. Price Realized $11.
8. Roll of circulated Lincoln cents. Various dates in the 1940s and 1950s. Donation Item. Price Realized $2.
9. 1943 Silver War Nickel Blank Planchet. Originally purchased in 1991 from J.T. Stanton for $75. Donation Item. Price Realized $30.
10. 1961 Roosevelt Dime. Graded PCGS Pr65. Donation Item. Price Realized $10.
11. Original U.S. Mint bag of fifteen (15) 1973 P, D, S Lincoln cents. Donation Item. Note: Club member Greg Samorajski will match the winning bid as a further donation to the YN Program. Price Realized $20.
12. 1981 “Redbook”- “A Guide Book of United States Coins- 34th Edition” by R. S. Yeoman. Donation Item. Price Realized $1.
13. Set of five (5) Auction Catalogs. Four of the catalogs are from Australia. The last auction catalog from Mexico. Donation Item. Pass.
Set of six (6) Auction Catalogs. Five of the catalogs are from Smythe.
The last auction catalog from Ponterio and Associates. Donation Item. Price
Italy, silver, Pope John Paul II, Madonna and child reverse (est. $10). Price
Pope Paul VI, Michelangelo’s LaPieta reverse (est. $6). Price
Proof Washington Quarter 1955 (est. $10). Price Realized $6.
Proof Washington Quarter 1950 (est. $40). Price Realized $26.
Proof Washington Quarter 1940 (est. $140). Price Realized $80.
Peru, 1 Dinero, 1907 FG, silver, Lima mint, Uncirculated (est. $8). Price
Hungary, 1732, Tyrol mint, ¼ Thaler, earliest quarter (est. $50). Price
Sassanian Empire, 591-628 AD, ANACS certified (est. $40). Price
Roman Sestertius, Titus, 80 AD, nice patina, PAX reverse, Sear 851 (est.
$30). Price Realized $34.
Store Card Token (R-4) AU. Minimum
Bid $15. Price Realized $20.
1945-P Mercury Dime (50% bands) BU condition. Minimum Bid $65. Pass.
1937-D Buffalo Nickel MS-65 condition. Minimum Bid $25. Price Realized
1953 Proof Washington Quarter (DDO) Frosted PF-66 condition.
Minimum Bid $25. Price Realized $40.
1918-D Walking Liberty Half Dollar Fine condition. Minimum Bid $12.
Price Realized $12.
1919-P Walking Liberty Half Dollar Good condition. Minimum Bid $10.
Price Realized $10.
1942-P Walking Liberty Half Dollar MS-65 condition (Nice!). Minimum
Bid $90. Pass.
1915 $2- ½ Gold AU-55 condition. Minimum Bid $175. Price Realized $175.
Twenty five (25) New Old 1c postcards (Green Jefferson 1c) NEW. No
Minimum Bid. Price Realized $6.
Sherritt Mint “The Nickel Story” with blank, 1972 BU Canadian 5c,
piece of webbing and Sherrit Token. All in BU condition.
Minimum Bid $18. Price Realized $38.
Set of four (4) auction catalogs (Year 2005)- Smythe (U.S paper
currency), Stack’s (US Gold, Silver, and Copper coins), Smythe (stock and
bonds), LaBarre Galleries (stock and bonds). Consolidated with Lot #13. Price
Set of four (4) Year 2006 Blackbooks. Price Realized $25.
· Official Blackbook Price Guide to US Paper Money
· Official Blackbook Price Guide to US Coins
· Official Blackbook Price Guide to World Coins
· Official Blackbook Price Guide to US Postage Stamps
36. 1885 Morgan Dollar in BU condition. Minimum Bid $22. Price Realized $24.
1888 Morgan Dollar in BU condition.
Minimum Bid $22. Price Realized $34.
1941 Walking Liberty Half Dollar in BU condition. Minimum Bid $20.
Price Realized $20.
1942 Walking Liberty Half Dollar in BU condition. Minimum Bid $20.
Price Realized $20.
Editors Note: We were unable to get a listing of the final 26 lots that were turned in that evening for the auction.
Club Archivist/ Photographer
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
Email is firstname.lastname@example.org