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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

February 2012

Vol. 25  No. 2



NEXT MEMBERSHIP MEETING: FEBRUARY 1st
ROY'S ENDOWMENT TO YN's:
YOUR IDEAS FOR ITS USE


The Dime Part II
The American Dime

    American money went through several stages in the beginning. At first the Europeans only did business with each other and in their own home currency. As they settled in they started using trade goods such as corn and tobacco for transactions. As colonies became well established some currencies came to dominate trade. The Spanish Real was struck here and freely traded in the south.

    Then paper money was printed. Colonial notes made trade easier but it was not stable (not bankable). After the declaration of independence the United States wanted to gain respect as a country of the world. So congress decided that to get away from paper notes and foreign currency we needed our own "hard" money. In 1792 the coinage act was passed and a mint was established in Philadelphia.

    After a few trial pieces (patterns) the mint settled into the Draped Bust dime. It had a well endowed portrait of lady Liberty on the obverse and an Eagle on the reverse. Foreign coins were still traded for a few more decades but it was good to spend the new American dime so it is now hard to find these early dimes in high grade. In 1809 the portrait of liberty was changed to the more conservative Capped Bust design which was minted until 1837. During that time the silver dime went through changes that followed changes at the mint.

    The Seated Liberty design of 1837 was minted during huge changes in American history including expansion to the west and the civil war. There are five distinct varieties of the seated liberty dime. In 1892 the Barber dime marked the maturity of the industrial revolution. On the eve of the Chicago World's Fair lit by Westinghouse electric lights these new U.S. dimes were put into circulation. Charles Barber, succeeding his father as chief engraver of the U.S. Mint, was very powerful. If you were at the last membership meeting you would know about the "pattern wars" and Barber's influence on our coin designs.

    At the turn of the twentieth century newly elected President Roosevelt decreed that American coinage was going to be updated with new art. In 1916 a new dime featuring Liberty in a winged cap was released and almost immediately the portrait of Liberty was mistaken for the Roman god of commerce; Mercury. After Roosevelt's death a new dime was released featuring his portrait. Not only in memory of his support of the march of dimes but because Roosevelt was there for us in tough times defending our liberty just as Washington on the quarter was there in the revolution and Lincoln on the cent was there in the civil war.

    In 1965 silver was taken out of dimes but today you can buy a new proof set containing a silver dime. In the very beginning a silver coin called a disme was struck and presented as a pattern one tenth of a base ten silver dollar. The "s" in the name was only there to keep Europeans from pronouncing it "dee-may". It has always been dime.

 

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If you know why the date on a buffalo nickel is not incused ...

You are probably a numismatist...

And you should belong to the Anchorage Coin Club.

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January 4th Membership Meeting

 

President Tim Burke welcomed everyone back for the start of the new year.

    Door Prize: 2007 John Adams Presidential $1 in BU condition won by new YN Sebastian. Membership Prize: 2007 George Washington Presidential $1 (Platinum plated) won by Bud Biloon.

    Reminder of our club's two upcoming coin shows over Fur Rondy. Coin Shows Sat Feb 24th / Sunday Feb 25th and Sat March 3rd / Sunday March 4th. Events to be advertised in the Fur Rondy Guide (Anchorage Daily News). Tables are $10/each for each weekend. Cases provided with bourse trays.

    Announcement of club officer elections at our March 4th Membership meeting. Members wishing to run for office can submit their names up to Election Day. Positions of President, Vice President, Secretary, Treasurer, and two (2) Board seats are open. President Tim Burke cannot run a 3rd consecutive term (per our club bylaws) and will step down to fill the 3rd Board seatXper our club bylaws as the past club President),

    Announcement that Roy's Coins officially closed at the end of December. Ann Brown donated a number of bourse trays to the club.... which were sold at $1/bourse tray to club members with moneys going to the club.

    Presentation followed by Stan Mead on the subject of "Early 20th Century American Coinage". Monthly coin auction followed with membership meeting concluded after auction.

 

 

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MISNUMICAT JUMBLE

LOUDBOON__________________

Last: FUBLOAF - Buffalo, an iconic beast of America's old west.

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January 18th Board Meeting

Meeting called to order at 6:30 PM by President Tim Burke. Meeting held at the New Cauldron Restaurant/ University Center.

    Now that Roy's Coins has closed, Carl stated that members in Anchorage can buy coin supplies from him at Carl's/University Center. Also... there are two coin shops in the valley... one of which is Debbie's Old Coins. Note: Both Carl's and Debbie's Old Coins are advertised in our club's newsletter.

    Fur Rondy Show: Everything is in order for the two coin shows. There are commitments (at this time) for 9 coin tables. Any members interested in coin tables should contact Carl or club president Tim Burke.

    Treasurer Stan Mead gave a report on the state of club finances. Club is in good shape. Candidates thus far for March 4th club elections are:

President- Open

Vice President- Carl

Secretary- Larry Nakata

Treasurer- Stan Mead

Board Seat #1- Loren Lucason

Board Seat #2- John Larson

Note: Board Seat #3 to be filled by outgoing President Tim Burke (per club by-laws).

    Roy Brown Memorial Fund- At this time, one proposal has been submitted thus far (by Larry Nakata). Use the moneys to promote our club's YN (Young Numismatist) Program. Accordingly, in lieu of a club presentation at our February 1st Membership meeting, there will be a discussion on our club's YN Program.

Members will be asked to bring potluck dishes to our February 1st meeting.

Meeting adjourned at 7:30 PM....... Larry Nakata/Secretary. Next board meeting Feb. 15th.

February 1st Auction Lots Submitted by Bill Fivaz

1. 1804 Half Cent PI. 4, Stemless in Good condition. Minimum Bid (MB) $40

2. 1808 Half Cent in Good condition. Minimum Bid (MB) $40

3. 1850 Large Cent in VF condition. MB $19

4. 1908-S Indian Cent in Good condition. MB $60

5. 1914-P Lincoln Cent in MS-63. MB $35

6. 1914-D Lincoln Cent in Good condition. MB $150

7. 1912-S Liberty Nickel in Good condition. MB $115

8. 1925-S Buffalo Nickel in VF+ condition. MB $45

9. 1932-S Washington Quarter in AG condition. MB $40

10. 1932-D Washington Quarter in AG condition. MB $40

11. 1855-O (w/ Arrows) Liberty Seated Half Dollar in VF condition. MB $35

12. 1955 Franklin Half Dollar in MS-63. MB $15

13. 1878-S Morgan $1 in MS-63. MB $55

14. 1964 U.S. Proof Set. MB $20

15. Two (2) 1982-S George Washington Half Dollars in Proof 66 condition. MB $32

16. Donation Coin: 2006-D North Dakota State 25c (BU). Broadstruck with partial collar.

 

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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

 


ANCHORAGE COIN CLUB
RAFFLE PRIZES

 

First Prize: 1906 $2 & 1/2 US Gold Liberty, ANACS AU58 certified,

Second Prize: 1880 $20 Legal Tender US Note in PMG F15 condition-certified.

Third Prize: 1883 Hawaii (King Kalakaua) Half Dollar in VF+ condition.

TICKETS:

$5 each or 5 for $20.00

 


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