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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. 21  No. 9


SEPTEMBER 3, 2008: LOVE TOKENS


 

OFFICIAL RELEASE OF THE
ALASKA STATE COMMEMORATIVE QUARTER

    August 29th at the Alaska State Fair (Colony Stage) in Palmer between 1 & 1:45 PM. Governor Sarah Palin will officially introduce the Alaska state quarter for general circulation. In attendance will also be local and US Mint dignitaries. A free Alaska stale quarter will be given to each child in attendance.

    August 28th at the Alaska Heritage Museum (Wells Fargo Bank at 301 N. Lights Blvd) between 4 and 5:30 PM there will be a reception and forum hosted by the US Mint. Coin club members are welcomed to attend. If you will be attending this event, please RSVP to (202) 354-7698, or e-mail ddawson@usmint.treas.gov.

 

THE EURO
by Larry Nakata (Member #41)

    In 1992 the European Union was created through the Maastricht Treaty. At that time it was agreed to go to one currency.... the Euro. Conversion rates between currencies were determined and on January 1, 1999, and it was agreed that all of their currencies would track with each other on the established exchange rate. The Euro coins and notes were introduced in January 2002 with the agreement that the Euro would replace all currencies by February 28, 2002.

    The European Union (EU) today consists of 15 member countries: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovenia, and Spain. Their combined population is over 320 million people. Effectively competing with the US dollar, the Euro presently trades at about $1.60 US. Smaller countries have adopted the Euro even though they are not EU members: Vatican City, Monaco, San Marino, Andorra, Montenegro, and Kosovo are among them.

 

 

    The obverse remains the same on each Euro coin. The reverse of each coin is allowed to be designed by each respective country issuing the Euro. Denominations are 1, 2, 5, 10. 20. 50 cent as well as 1 euro and 2 euro coins.

           

           

 

    The Euro banknotes are standardized. Denominations are 5, 10, 20, 50, 100, 200, and 500 Euro notes. The currency is managed and administered by the European Central Bank (ECB) which is the equivalent of our U.S. Federal Reserve.

    It could get expensive if you are collecting Euros based upon dale. Keep in mind the number of countries that mint their own distinctive Euro coins. A better way to collect might be by type set (with a nice example from each country). Each country is also allowed to mint commemoratives (with the commemorative design on the reverse of the coin). Such coins (by agreement) can only circulate in that country.

 

LAFAYETTE DOLLAR
FEATURE BULLET LOT OF THE MONTH

 

Lafayette Dollar Reverse

 

    Marquis De Lafayette was a persuasive, rich, young Frenchman who came to American to aid in the quest for freedom from England. He became a good friend of George Washington and a fine general. He was instrumental in some of the most important battles of the revolutionary war.

    This commemorative dollar was created to honor General Lafayette. It is the first US commemorative dollar and the only dollar in the early commemorative series. The date on it is 1900 to coincide with the 1900 worlds fair in Paris but the entire short mintage was completed in one day in December 1899.

This is a one of a kind type coin, it is a bright white MS-62 and has a minimum bid of $1250.

 

 

BULLET AUCTION COINS FROM
BILL FIVAZ

    Always a great source of nice coins rarely seen in Alaska good member Bill Fivaz, including the dollar above, has sent us the following coins for our September bullet auction:

1. 1817 Large Cent (13 stars) in VF+ MB $45

2. 1866 Indian Cent VG MB 35

3. 1872 Indian Cent VG MB 65

4. 1914-D Lincoln Cent (Net Good) MB 95

5. 1939-D Jefferson Nickel ChMS-65 MB 70

6. 1900-S Barber Dime AU MB 45

7. 1932-D Washington Quarter AU55 MB 325 8 1938-S Washington Quarter MS-65 MB 150

9. 1831 Bust Half Dollar AU-55 (R-3) MB 275

10. 1900 Lafayette Dollar MS-62 MB 1250

There are some important collector coins in this bunch. The auction will start after our auctioneer, Carl, arrives.


If you downgraded your 1932-S quarter from a 66.3 to a 66.2 because you found an 1/8" hairline beneath the eagle's left wing...

You are probably a numismatist.

 

 

AUGUST 6th MEMBERSHIP MEETING

    Joint presentation was given by Bill Hamilton and Larry Nakata on the subject of "The EURO". Following the presentation all of the coins and currency were subsequently given away to all club members in attendance. The big prize was a 50 Euro paper note which member Dennis Williams won as a door prize.

    The raffle coin, a slabbed 1898 Morgan Dollar ANACS MS63 DMPL, which was not given away at our summer picnic was won by member Frank Jasper.

Following the bullet auction there was trading going on among the members comparing the Euros they got.

 

AUGUST 20th BOARD MEETING

    Meeting was held at Yamato Ya Restaurant (located next to Sagaya's near the University Center). Meeting started at 7:25 PM. Board members inspected the coins submitted by Bill Fivaz for our September 3rd meeting and reviewed correspondence.

    Stan Mead brought up the matter of our coin club's Christmas Party. Question was asked if we should cater out the food like last year.... or go potluck. Board decided to bring this matter up at our club's September 3rd meeting and have the members decide. Larry Nakata will look at the availability of the 2nd Thursday of December as our club's Christmas party date at Central Lutheran Church. Club has traditionally held our yearly Christmas party on that date.

    August 28th will see a forum (hosted by the US Mint) and the introduction of the Alaska state quarter by Governor Sarah Palin (August 29th). Particulars to be posted in our club's newsletter.

    Ann Brown to give a presentation on the subject of "Love Tokens" at the September 3rd meeting. Members to be asked to bring potluck dishes for the meeting.

    As there was no further business to discuss, meeting adjourned at 8:25 PM. The next board meeting will be September 17th.

 


MISNUMICAT JUMBLE

ICAUTNO___________

LAST MAMICOMEVOTER - COMMEMORATIVE

A coin struck to celebrate something or honor someone. They were generally not struck for circulation however the 1976 bicentennial coins as well as the current state quarters are circulating commemoratives.

BRING A POTLUCK DISH
TO THE NEXT MEETING

 

AND WE WOULD LOVE TO SEE YOUR
LOVE TOKENS



 

ANCHORAGE COIN CLUB
RAFFLE PRIZE

1833 CAPPED BUST HALF AU-55

 

1833 CAPPED BUST HALF AU-55

tickets: $5/each, 5 tickets/$20


 

President: Jack Vinson

Vice President: Ed Vey

Secretary: Larry Nakata

Treasurer: Stan Mead

Board Member: John Larson

Board Member: Bill Hamilton

ACCent Editor: Loren Lucason

#91 Mike Orr: themoneymerchant.com

#110 Bill Fivaz: e-mail feev@webtv.net

#210 Tom Cederlind: tomcederlind.com