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ACCent: The Monthly Newsletter of the Anchorage Coin Club

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Membership Meeting 1st Wed. each month, 7 PM, Central Lutheran Church, 15th and Cordova

Vol. 20  No. 7


NO MIDSUMMER JULY MEMBERSHIP MEETING
JOIN US AT THE AUGUST MEETING / SUMMER PICNIC
AUGUST 18th AT KINCAID PARK


 

PRESIDENT PROOF COINS ARE OUT

 

Presidential Dollar Set

The mint has released this year's proof set of four U.S. President coins. They are beautiful frosted proof, gold colored coins. Packaged much like the state quarter proof sets they can be found on the mint's web site or at a local coin dealer.

 

MINT MAKES MISTAKES, SOMETIMES

Error coins are not considered truly collectible by strict numismatists. However they are of great interest to coin collectors. They give insight as to how coins are made; and mis-made.

Mistakes are made at 3 different levels:

1) Planchet: anything wrong with the disk of metal put into the press to make a coin falls into this category. A classic example is a clipped planchet; a coin missing apiece because of the way it was punched out of the metal sheet. A more exotic example is a coin struck in the wrong metal, perhaps even a foreign coin.

Clipped Planchet Jefferson Nickel

2) Die: anything wrong with the die used to strike the coin leads to this kind of error. Die cracks and cuds are examples of this. One of the most famous die errors is the 3-legged Buffalo Nickel. The die was ground down so much that the image of the buffalo's foreleg was removed.

3) Strike: when something goes wrong during the process of running the planchet through the coin press a strike-error is created. One of the most common and dramatic is the off-center coin where the image is hanging off the edge and the coin has an oblong shape. Coins are also found that were struck once then got bounced back into the press and struck again off-center.

Off Center Roosevelt Dime

Errors are much more common in the smaller denomination coins; cents and nickels. Strict quality control would cost more than they are worth. Millions and millions of coins are struck by the mint each year. Errors are bound to be made.

If you swap a perfectly good quarter for one missing a chunk because you recognize it as a clipped planchet error.... You are probably a numismatist.

The Red Book (everyone should own a Red Book) has a value guide for mis-struck coins. Bill Fivaz (ACC member #110) along with J. T. Stanton wrote "The Cherrypicker's Guide", a book which lists the U.S. error coins to look for.........

        Carl

 

ACC COIN SHOWS

We may have found a place to have coin shows. It has been so long since we sponsored a show that some of you may not remember what they are all about. And some may not have ever known. A coin show is not a place to bring your collection to show everyone we have club meetings for that It is a place to buy, sell, and trade coins. It is an opportunity for you, and the public, to buy from club members who have coins to sell but do not have a coin shop. Robert Hall (ACC member #1), for example, has a wonderful stock of coins for sale. When the Anchorage Coin Club was started back in 1988 one of the tenets was sponsoring coin shows.

People at coin shows find out about the club being a great place to learn numismatics. The club's board is currently working on a business plan for shows that will cost coin-dealer / members minimal amounts to participate. We are looking at a place in south Anchorage. The club owns display cases and tables. Lists of needed incidentals, and advertising outlets are in the works. Help and input from members is invited........

        Loren

 

NUMISMATIC SCRAMBLE

CAGEBORK_____________________

Last month's answer:

DOLLAR: the name of American currency. Derived from the name of large silver coins originating in Europe in the late 1400's. Started as Joachimsthaler (from St. Joachim's valley). Saint Joachim was the virgin Mary's father and Jesus Christ's grandfather. A rich silver mine in that valley in Bohemia lead to the flooding of Europe with big silver coins. The name was shortened to Thaler then went through Taler, Daalder, Daler, and came to America from England as the Dollar.

 

THE PRESIDENT'S WORD

More and more people are finding that numismatics is everything from a root of evil in ancient times to a lucrative investment today. We need to be there for these new collectors. That is why we need to finance the rebuilding of the young numismatist part of our club as well as coin shows where we can meet new people who want to become com collectors. We will not be having a July membership meeting the first Wednesday is July 4th. We are hoping that you will go out and catch a salmon and bring it to the barbecue at the picnic august 18th. The summer picnic is also the august membership meeting.

There will be a board meeting at 7pm July 18th at the University Center. There are details about the summer picnic to be worked out including the numismatic donation auction. We need to raise money to fund the club programs that will get more people into numismatics. Bring what you can give so support these projects. The more people that are into collecting coins the more that your coin collection is worth.

Buy something for yourself at the auction.

 

 

BOARD MINUTES

Board members discussed the picnic august 18th and a coin show in October while enjoying a nice dinner at the New Cauldron in the University Center. As there was not a quorum we did not conduct any official business.

 

 

ALASKA MINT NEWS

Mike and Michele, owners of the Alaska Mint, went overseas and brought back a new person to their growing family-owned business. Though it is not the new member's current field of expertise this will be a great opportunity for them to learn from inside how a private mint runs. We are looking forward to new things from the mint in downtown Anchorage.

 

 

ANA EVENT

ANA World's Fair of Money

August 8-12, 2007

Milwaukee, WI

A Seminar on grading United States Coins, Collector Courses, Workshops, a Professional Development Seminar, and Coins For Sale. You do not want miss these opportunities to become a more informed collector

For more information Contact money.org

Bureau of Engraving and Printing will be there selling ANA World's Fair of Money Intaglio Print: "Five Dollar Reflections"

THE CLUB WILL PROVIDE HOT-DOGS, HAMBURGERS, BUNS, CHIPS, AND SODAS AT THE PICNIC. BRING A SIDE DISH SUCH AS A SALAD AND SOME THING FOR US TO SELL AT THE DONATION AUCTION.

 

 

 

 


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