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ACCent: The Monthly Newsletter of the Anchorage Coin Club
Volume 26, Number 10
October Membership Meeting
|Tuesday October 1, 2013||
Central Lutheran Church, 15th & Cordova
Door Prize: 1968-S Jefferson Nickel PCGS PR66 DCAM. Won by: Stan Mead.
Membership Prize: 1919-S Lincoln Cent NGC XF40 Brown Won by: Margaret Wright.
Since our last newsletter did not announce the winners of the Summer Picnic raffle prizes, President Carl announced the winners:
2009 US $5 Gold Eagle MS69. Won by John Larson. John donated this raffle prize back to the club at the Summer Picnic for the auction. Thanks go to John Larson.
1906-D Barber Quarter VF30. Won by J. W. Terrill.
1911 Barber Dime XF40. Won by Bob Zorick.
1897 Liberty Nickel XF40. Won by Soona Choi.
On the matter of new business, discussed was a coin show in October following the release of the Permanent Dividend checks. President Carl will check into conducting a coin show on the weekend of October 12th (Sat 10 am -6 pm) and October 13th (11 am - 5 pm) at the University Center. Prospects are good for such a show with this timeline. Carl recommended that members wishing to get tables put in for them shortly... as there may be room for about 6 tables at the University Center.
Presentation by Stan Mead on his trip to the ANA Chicago Convention held in August. Following Stan's talk, he then went on to talk about "U.S. Experimental Notes."
Monthly raffle prize was an error coin: A 2007 Washington Presidential Dollar MS65 with no edge lettering. Won by: Glen Dean.
Our club's monthly coin auction followed with the meeting concluding after the auction..
Larry Nakata/ Secretary
Board meeting was held at Tarasco's near Old Seward and Tudor Road. Called to order at 6:30 PM by club president Carl. No correspondence to review.
First order of business was the October coin show to coincide with the issue of Permanent Fund Dividend checks. The dates will be Saturday October 12 and Sunday October 13 at the main entrance of the University Center. Details will be discussed at the membership meeting.
The raffle for the October 1st membership meeting will be an 1833 Bust Half donated by Dan Bamhart.
Tuesday's October 1st meeting will be a potluck so please if you plan on having anything to eat, bring something to share. Also it will be a Buy*Sell*Trade night with a "Show and Tell" by any willing members. So if you have an interesting collection to show and share (or sell) please bring it to the meeting.
Lots Submitted by Bill Fivaz for September 3 (Tuesday) Membership Meeting
1. 1819 Large Cent Good $15
2. 1866 Ind. 1c Good $15
3. 1909 VDB 1c MS-63 Red $19
4. 1912-P 1c MS-63RB $24
5. 1995-P 1c DDO MS-65 Red $35
6. 1917-P(T-1) 25c Fine $32
7. 1925-P $1 VAM-5 (or V-1T) Missing Ray Rev. (Top 50) AU $65
8. 1934-D 5c (Small D - Rare) PCGS MS-64 (Full Strike) $175
9. 1937-D/D5c (RPM#1) MS-63 $26
10. 1938-D/S 5c (OMM #4) PCGS MS-66 $65
11. 1882-H Can Large Cent XF $12
12. 1941 Can. 10c Doub. Obv. Cuds Fine (Rare on Can.) $15
13. 1964 Canada P/L Set $20
14. 1967 Canada P/L Set $20
15. "Old Timey" Type Set 1905 1c (XF), 1883 (NC) 5c (VF), 1913-P 10c (G), 1909-D 25c (F+), 1915-S 50c (G), 1897-P $1.00 (AU+) $7
16. Donation coin: 40% Silver 1976 25c. 50c, $1.00 (BU)
The World's Fair of Money is the nation's premier money show that has something for everyone. With more than 1,600 numismatic dealers and associates with the best numismatic inventory anywhere, along with the ANA Museum Showcase exhibiting some of the world's most valuable and beautiful coins, medals, tokens and paper money; a Mint Promenade with 16 mints from around the world; the Collector Exhibits area; educational presentations and seminars. One only needs to attend to see the world's best showcase of numismatic materials that offers plenty of opportunities to expand your numismatic knowledge or buy that special and unique item for your collection.
By pre-registering for the ANA show and any special events the ANA is sponsoring during the show, you will save a lot of time by not waiting in long lines and the heartache of missing out on that special event, educational programs, lectures and activities that are sold out by the time you arrive. Your entrance patches and tickets arrive in the mail a week before the events so that you are all already to enter the Convention Center without the wait. First day of the show at opening time, close to 80 people are waiting in line to register to get into the Convention Center. This year the World's Fair of Money Kickoff event was a Rooftop Baseball game at the historic Wrigley Stadium on the opening night. Now I know what a "Rooftop" game means, we had a blast. When making hotel reservations, make sure you have an "In Room" safe.
My family loves to start our first few hours on the first day by visiting the World Mint Promenade area. With our "Worlds Mints Passport" in hand, we visited all 16 world mints plus the U.S. Mint to have our passports stamped and received a free international coin at all the participating mints. This year the World Mint Promenade area was located by the entrance, making it more accessible to the general public. Of course we bought products from the Japanese, Austrian, and Royal Canadian Mints. Gold and Silver Vienna Philharmonic corns sold out rapidly at the Austrian Mint, as they were reasonably priced throughout the bourse floor. Silver 1 Oz. Vienna Philharmonic coins were going at $2 over spot.
Next on the agenda is to visit the U.S. Mint and Treasury Department. Once again Ruth and I found ourselves in line waiting for the Secretary of the Treasure, Rosa Rios, to sign our fresh crisp 2009 $1 notes from the Chicago Federal Reserve.
Visiting the Bureau of Engraving and Printing to view the "Mutilated Currency" section (Ruth's favorite), the "Billion Dollar Display" and to see the new $100 bills that will be issued starting on October 8, 2013 was the last stop before heading to the main bourse floor for 3 more days to rinding that elusive coin, love token, medal, and/or currency that needed to be in our collections. That's right, 3 more days on the bourse floor searching the inventories of over 1,100 dealers.
Meeting old and new friends along the ways is a must. Anyone who attended the Anchorage Coin Clubs 3 day seminar on gold and counterfeit gold coins will remember Mary Sauvain. Met and had a nice talk with Clifford Mishler, an ACC member. While looking at the 175 early silver dollars from 1794 to 1803 (most impressive collection that I saw at the show) I look down the table and who do I see? Mike from Anchorage also an ACC member also looking at the same display. Always have to stop at Mountain High Coin and Collectables to check on Robert Hall.
Two other stops along the way was to find and visit with Kim Jenkins (U.S Mint Education Coordinator), and Rod Gillis (ANA Numismatic Educator). Both these gentlemen were instrumental in receiving donated items for the 2013 Girl Scout Encampment "Fun with Money" event held this past June. I made two extra copies of all the pictures that were taken at the Girl Scout event that I wanted to personally give to these gentlemen along with my personal thanks. Only good things can come from meeting new friends at the U.S. Mint and American Numismatic Association (ANA).
Talk to the dealers, foreign and U.S. Mint officials, the major grading companies, authors of some of the best books available, talk to the professionals and fellow collectors, and learn from their expertise and experiences. Whether its errors, ancients, gold, silver, paper money, medieval, tokens and medals - learn, learn, and learn, then, pass on the hobby. Remember - Do your homework (be prepared and have your wish list), don't follow the herd or current trend (fads do change), trust your instincts when dealing with the dealers and beware of your surroundings outside the convention center. Take a break from the convention center for lunch and recharge yourself. Did I mention you need to have comfortable shoes?
Experimental printings: Since 1933, the $1 Bill has frequently been chosen for tests of alternative paper compositions and printing techniques. Often, special runs of serial numbers were set aside for the experimental notes, so that they could be easily identified later to observe how well they held up in circulation. The idea was to not let the public know beforehand of the experimental notes in circulation so that they could not be hoarded. The experimental bills was to determine the effect of using different ratios of linen to cotton fibers in the make-up of the bills.
The first major group of experimental notes were printed in November 1932 on the Series 1928A and 1928B for release into circulation in January and February of 1933. There were three batches of notes printed, two on different test papers and one on regular paper as a control group. The notes on special paper were numbered X 000 00001 B through X 107 28000 B and Y 000 00001 B through Y 102 48000 B; the control group on regular paper was numbered Z 000 00001 B through Z 102 48000 B. Estimates of the quantities printed within each group is not yet known.
In 1937, another test was conducted, similar in style to the 1933 experiment. This test used Series 1935 one-dollar bills. The particular notes used in this experiment can be identified by their serial numbers. Notes ranging from A 00000001 B through A 06180000 B and B 00000001 B through B 03300000 B were the experimental group and notes ranging from C 00000001 B through C 03300000 B were part of the control group. No conclusive results were found.
The best known group of the experimental notes was printed in Series 1935. Again the test involved three batches of notes, one on paper with a special finish, one on special paper, and a control group on regular paper. The experimental notes were identified by large red letters "R" and "S", for regular and special paper respectively, overprinted on the face of the notes to the right of the seal. The "R" notes were numbered S 708 84001 C through S 720 68000 C and * 911 76001 A through * 911 88000 A, and the "S" notes were numbered S 738 84001 C through S 750 68000 C and * 911 88001 A through * 912 00000 A. They were delivered on June 20, 1944 and issued into circulation to test their comparative durabilities. Bureau of Engraving and Printing records show that 12,000 star notes of each "R" and "S" were printed.
Wartime emergency issues: During World War II, some Series 1935 A Silver Certificates were printed with yellow, rather than blue, seals. These notes were used to pay U.S. troops in North Africa, Sicily and the Middle East. The idea being that the specially printed notes could easily be identified and demonetized if a large quantity fell into enemy hands. For similar reasons, other Series 1935 A Silver Certificates were printed with brown seals and serial numbers, along with "HAWAII" overprinted horizontally on the back and vertically on each end on the face; these notes were issued for general circulation in Hawaii, which it was feared might be captured by Japan.
Later experimental runs were not always so easily detected. One print run of Series 1963 $1 FRNs was produced on experimental paper, but it was not identified by either special serial numbers or distinctive markings. In this case, the BEP's purpose was not to test a different paper composition, but to test the ability of a new supplier, the Gilbert Paper Company, to duplicate the usual currency paper. The notes involved in this test were numbered C 608 00001 A through C 614 40000 A. No additional paper was ordered from the Gilbert Co., but the option was left available in case the BEP's usual supply of paper was ever interrupted.
A similar experiment took place in 1981, when the BEP produced a few print runs of notes on Natick security paper. The notes involved were Series 1977A $l's with serial numbers E 768 00001 H through E 806 40000 H and E 070 52001 * through E 076 80000 *. One run of $10 star notes was also included in this paper test, making it the only experimental printing so far not restricted to the $1 denomination.
A more recent example of an experiment involving $1 notes was the trial use of a web-fed Intaglio printing press starting in May 1992. Unlike the earlier experiments, in this case it was the printing technique and not the paper that was changed. The notes were issued in Series 1988A, 1993, and 1995. Because of mechanical problems, operator error, as well as the sometimes poor quality of the notes, this web-fed printing ended in July 1996.
A special "Thank you" to Scott Lindquist, coauthor/editor of the Standard Guide to Small-Size U.S. Paper Money. Scott spent a considerable amount of time over a 3 day period with Ruth and I on our endeavor to learn more about Experimental and mule notes, he also went out of his way to help in finding some of the items we were looking for. Met a new friend who I will be personally be looking up during future shows.
A Message from the President
As a reminder we are having a coin show in University Center October 12 and 13. Also, it is less than 80 days until Christmas and we will have our annual Christmas party and auction in December. Dates will be announced in the next month. So please get your numismatic items to donate and your wish lists together.
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Purchase and Drawing at the next meeting.
1833 Bust Half and an added second prize TBA
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PO Box 230169
Anchorage, Alaska 99523