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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. 23  No. 7


NEXT MEMBERSHIP MEETING IS THE PICNIC
JULY 3rd at ABBOTT LOOP COMMUNITY PARK 12 NOON


100 WAYS TO COLLECT PAPER MONEY

   

   

 

    There are many ways to build a numismatic collection of notes. You could buy sheets of uncut money from the bureau of printing and engraving. Sheets of thirty two notes in crisp uncirculated condition are offered on the BEP's web site: moneyfactorystore.gov.

    You could collect error notes. Beware, though, someone could take one of those uncut sheets and cut it up so they have a bunch of notes that look like they were printed off center. There are several steps to printing a note and it is highly unlikely that all of the printing steps were done right but the note was cut wrong. There are real error notes where the back is centered but the front is off center and the seal is out of alignment with the design.

    There are a whole series of error notes where something has gone wrong with the paper. The paper might have been folded then unfolded after printing. This leaves an unprinted channel across the note. The folded paper may unfold after cutting leaving a jag on the edge of the note. It could happen that ink that was supposed to go on the paper gets transferred to the drum that is printing the other side because the paper was folded out of the way so you get a dye transfer error. The ink from one side is printed in reverse on the other side. There are ink mixing errors, ink smear errors, clogged print head errors, and a dozen other things that can go wrong while printing a note.

    You could put together a set of notes from each of the twelve districts. You could collect notes by color. The seal's color has changed over the years and there were special colors for war occupation notes as well as color changes for no special reason. Our notes, generally, have a green back but there is a light green back and a dark green back.

    In the eighteen hundreds, if you had some money, you could charter a bank and start issuing your own paper money. These notes had a wide variety of designs. You could collect notes with ships on them, or animals, or coins. You could, even, put together a collection of banknotes with scantily clad ladies. You could collect notes from the bank in or near your family's hometown.

 

 

    These banknotes came in denominations of 1, 2, 3,4, 5, 10, 20,... dollars and if the bank failed they were worthless "broken bank notes". All issues of paper money have gone through at least one time or another when that issue was not worth the paper it was printed on.

    Early (colonial) American paper money is in two general categories; before the revolution and after the revolution. Notes before the revolution were issued by each individual colony, were meant for local use, and were generally not accepted elsewhere. There are a lot of colonial issues to collect. Some were in dollars, some referenced Spanish reales, and some were shillings. After the revolution the continental congress issued notes to pay for the war and the building of a new government. Continental notes started losing value as soon as they were issued. They were practically worthless to early Americans by time the mint started issuing coins. But they are now very valuable to numismatist and historians.

    Signatures are involved in other ways to collect paper money. Colonial notes with Benjamin Franklin's signature are very expensive. More recently Joseph Barr was Treasury Secretary from December 1968 to January 1969 - a very short term. Collectors speculate that the $I notes with his signature will sell at a premium in the future. There are rare signature combinations on American notes and broken bank notes that were not even signed.

 

    During the civil war there was a scarcity coinage so fractional notes were issued. They range in denomination from three to fifty cents. There were several issues. The first Washington quarter was a fractional twenty five cent note. A complete set of fractional notes would be a challenge to put together.

    MPC's (military payment certificates) is another field of paper money to collect. The military would give soldiers paper money that is only good in camp. This would keep them from getting too involved with indigenous money. Many issues were made during the second world war. There is a lot of them to collect.

    And if that isn't enough different ways to collect paper money you can collect counterfeit notes. Whereas the counterfeit one dollar notes stuffed into the bartenders tip jar in Juneau seems to have been an isolated, amateur incident there are counterfeit hundred dollar notes showing up in Kodiak. Counterfeits are much harder to put in your collection since possession of counterfeit money is illegal. There was a guy that hand-drew paper money. Rather than being put in prison for counterfeiting he said he was selling them as art.

    And if you do not like counterfeits and you do not collect art then there is not only Confederate currency there is the entire colorful world of foreign currency to collect.

...and don't forget historic personal checks.

 

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If you have a BEP wrapped stack of Barr notes...

You are probably a numismatist...

And you should belong to the Anchorage Coin Club.

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MEMBERSHIP MEETING
JUNE 2nd

   

    Door Prize: Set of 5 coins (Franklin half, Washington silver quarter, Mercury dime, Buffalo nickel, and Steel cent) in Plastic holder display: "The 20th Century's Greatest Coins". Won by Frank Jasper.

    Membership Prize: Set of 5 coins (Franklin half. Standing Liberty quarter, Mercury dime. Liberty nickel, and Indian cent) in Plastic holder display: "Symbols of American Freedom." Won by Carl's son, Cash.

    Discussion of the club's July 3rd Summer picnic. Members asked to show up at Abbott Loop Community Park on Elmore Street at 12 noon. Event to run through afternoon. As in years past, the club's Summer picnic event is our club's membership meeting date for that month. Club members were accordingly reminded to not show up for a meeting on Wednesday, July 7th. Nobody will be at the Central Lutheran Church.

    Details of Summer picnic: Club will provide the hamburgers, hotdogs, chips, dips, soda pop, plates, napkins, and utensils. Members are asked to bring salads, desserts, hors d'oeuvres, and side dishes to augment the Summer picnic menu. Key events will be the raffle drawing (tickets/$5 each) and the Summer Donation Coin Auction.

    Summer Donation Auction: Thanks go to members who have donated coins and numismatic items for the Summer picnic auction. Members can still bring in donation items to the Summer picnic on July 3rd.

    Following discussion of the July 3rd Summer picnic event, Stan Mead gave a presentation on the subject of "Error and Unique Bank Notes".

    Following the presentation, coin bullet auction wrapped up the evening's meeting.

    Next Meeting - The Picnic July 3rd noon

 

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MISNUMICAT JUMBLE

SPIRC__________________

Last: LESLABIA - ISABELLA: Until King Kamehameha on the Hawaiian commemorative state quarter Queen Isabella of Spain was the only ruler of a foreign country ever on an American coin.

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SPECIAL REQUEST:

IF YOU HAVE COPIES OF THE

ANCHORAGE COIN CLUB

NEWSLETTER (ACCENT) PRIOR

TO 1993 WE WANT TO PUT

THEM ON THE WEB

CONTACT LARRY NAKATA

OR MIKE NOURSE

 

BOARD MEETING JUNE 19th

   

    Meeting was called to order by club president Tim Burke at 6:30 PM at the New Cauldron Resturant at the University Center.

    Following a review of correspondence, first order of business was a progress review of the club's July 3rd Summer picnic. Stan Mead will be picking up the food and items needed for the picnic- A number of volunteers plan to show up at 10:30 am to help set up and get things ready.

    As of the June 16th Board meeting some 32 donation lots have already been submitted. Lots are still coming in as donations... with the prospects of a pretty good donation auction on July 3rd.

    Board then discussed progress on the raffle. Need to sell a lot of tickets at the July 3rd Summer picnic. There are $1165 in raffle prizes for the July 3rd drawing... with $640 in raffle tickets sold as of our July 16th Board meeting.

    Club member Mike Nourse has posted our club's newsletters dating from 1993 to present (Note: This constitutes our club's last 17 years of newsletters). Mike is looking for newsletters published prior to 1993. Our club was founded in 1988. If anyone of our members have these back issues, Mike Nourse would like to borrow them. He'll scan them, post them on the webpage, and return these newsletters to the owner(s). Mike Nourse can be reached at his home (344-9856).

    As there was no further business, the meeting was adjourned at 7:30 PM.... Larry Nakata/ Secretary/ Anchorage Coin Club.

Next Board Meeting July 21st 6:30 PM

 

==========================================================

MEMBERSHIP APPLICATION

NAME:_____________________________________________________

ADDRESS :_________________________________________________

CITY:________________________ STATE:_______ ZIP:___________

TELEPHONE (HOME):________________________________

                (BUSINESS):________________________________

DUES: Regular; Full membership for those living in Anchorage $25

          Sponsored membership - first year $15

          Senior, Handicap, & Associates outside Anchorage area $10

          Junior; those under the age of 17 $5

          Life membership $250

Send application and dues to :

Anchorage Coin Club
P.O. Box 230169
Anchorage, Alaska 99523

E-mail Address: coinclub@pobox.alaska.net

 

 

Numismatic Donation Lots 7/3/2010

    Lot #) Description

1) 1912-D Lincoln Cent VG

2) 1867 "No Rays" Shield Nickel Fine

3) 1941-S Mercury Dime MS-65

4) 1938-D Walking Liberty Half Fine

5) 1880-O Morgan Dollar VAM-6 8/7 AU-55

6) 1985 Series $1 Federal Reserve Note "Mis-cut Note"

7) Two (2) each 1974 Bicentennial First Day Cover Issues- John Adams (Medal).

8) Replica of the Lunar Plaque placed on the Moon (July 1969).

9) Two (2) each Republic of Honduras Mint Sets (1956-1958) 20 Centavo coins are .900 Silver.

10) 1962 Republic of Panama Mint Set. 10c/25c/ 50c coins are silver.

11) 1958 U.S. Unopened Proof Set

12) 1960 End Roll Toned Franklin Silver Half dollars (2)

13) 1884 Morgan Dollar BU

14) 1983 US Proof Set

15) 1989 US Proof Set

16) 2004 Silver American Eagle Proof with box and Certification of Authentication.

17) 2010 First Strike Silver American Eagle PCGS MS-69.

18) 2004 American Eagle BU condition in Holder.

19) 2004 American Eagle BU condition in Holder.

20) 1992 P & D Kennedy Half Dollars MS63+

21) 2005 P & D Kennedy Half Dollars MS63+

22) 2009 P & D Kennedy Half Dollars MS63+

23) 1971-S Silver Ike Dollar Proof

24) Full Roll of 50 Lincoln Wheat Cents. Various Dates 1919-1945. Good to VF condition. Unsearched Roll.

25) Partial Roll of 45 Roosevelt Silver Dimes. Various Dates 1946-1957. VG to VF condition. Unsearched Roll.

26) Full Roll of 40 Washington Silver Quarters. Various Dates 1947-1957. VG to VF condition. Unsearched Roll.

27) Partial Roll of 35 Washington Silver Quarters. Various Dates 1948-1964. VG to XF condition. Unsearched Roll.

28) Partial Roll of 30 Washington Silver Quarters. Various Dates 1936-1947. VG to VF condition. Unsearched Roll.

29) Anchorage Coin Club 5th Year Commemorative Coin Set Serial # 84 (Silver/Bronze)

30) Anchorage Coin Club 10th Year Commemorative Coin Set Serial # 56 (Silver/Bronze)

31) Anchorage Coin Club 15th Year Commemorative Coin Set Serial #22 (Silver/Bronze)

32) Anchorage Coin Club 20th Year Commemorative Coin Set No Serial # (Silver/Bronze/Nickel)

33) Book Standard Catalog of World Coins 1995 two centuries - 1800's and 1900's

34) Box of cash - assembly required

35) BU type set of 3 modem dollar coins

36) BU 1979 Susan B. Anthony Dollar

37) BU 1968-S Jefferson Nickel in slab

38) Proof 1991-S Jefferson Nickel in slab

39) 2 JFK halves 1976 and 1983

40) 2000 Liberia $10 George W. Bush coin proof

41) Book "Coinage Laws of the United States"

42) Book "Strange Career of Dr Wilkins", Counterstamper

43) 3 Issues World Coin Magazine - May

44) 6 Issues Numismatic News w/ May Price Guide

45) 3 Coin Boxes - one in wood

    There will, undoubtedly, be more lots brought to the picnic for the donation action. The most valuable coins at the picnic will be the raffle prizes; both the $10 Gold piece for first prize and the Lincoln commemorative half for second prize. Third prize is a numismatic plaque - the artwork by Victor D. Brenner used to make the Lincoln Cent.

 

 


 

ANCHORAGE COIN CLUB
RAFFLE PRIZE

 

WINNING TICKET TO BE DRAWN AT OUR SUMMER PICNIC

COME TO THE NEXT MEETING
AND SEE THE 1908 $10 GOLD COIN:
OUR NEXT RAFFLE PRIZE!

TICKETS: $5 each or 5 for $20

SECOND AND THIRD PRIZE SAME TICKET


ANCHORAGE COIN CLUB OFFICERS:

President: Tim Burke

Vice President: Carl

Secretary: Larry Nakata

Treasurer: Stan Mead

Board Member: John Larson

Board Member: Robert

ACCent Editor: Loren Lucason

        ------------------

#91 Mike Orr: themoneymerchant.com

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

#210 Tom Cederlind: tomcederlind.com