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ACCent: The Monthly Newsletter of the Anchorage Coin Club

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Volume 27, Number 2

 

February 2014

 

February Membership Meeting

 
Tuesday February 4, 2014

Central Lutheran Church, 15th & Cordova

7:00 PM


   

Inside This Issue

Nevada Gaming Tokens Article

Membership Meeting Tuesday February 4:

  • Pot Luck - please bring a dish

  • Raffle Coins at 1880-S Morgan Dollar graded MS 62/63 and others

Mark Your Calendar:

  • Fur Rondy Coin Show February 22 & 23 and March 1 & 2 University Center

Club Elections March 4 Membership Meeting: Open positions are:

  • President

  • Vice-President

  • Secretary, Treasurer

  • General Board (2)

 

MEMBERSHIP NEWS

January 7th Membership Meeting

 

Meeting chaired by club Secretary Larry Nakata as President Carl and Vice President Glen Dean were out of state that day.

Door Prize: A set of uncirculated 1982 Seven (7) Variety Set of Lincoln Cents won by Paul Lightner.

Membership Prize: A 2009-S Jefferson 5c graded ANACS Prf 70 (First Day Issue) won by Dusan Kovac

Briefing on Fur Rondy Coin Show: Feb 22nd/23rd 10 am to 6 pm at the University Center,

As new business, our club elections will be coming up in which club officers will be elected at our March 4th membership meeting. Members wishing to serve in the positions of President, Vice-President, Secretary, Treasurer, and two board positions are encouraged to submit their names for the election.

For the position of club President, since Carl has served two consecutive years (as President), this position will need to be filled by another member. Our club by-laws require that the President cannot serve a 3rd consecutive term. Per our club by-laws, Carl will then step into the 3rd Board member seat following our March 4th election.

Larry Nakata then gave the presentation on the subject of "Nevada Gaining Tokens".

Following the presentation, the month raffle coin.... an 1854 Liberty Seated 25c in XF condition was won by Wynetta Nichols.

The club's monthly auction then followed. For 2014, the monthly auctions will consist of:

Following the auction, meeting concluded.

Next membership meeting will be on Tuesday, Feb 4th 7 PM at the Central Lutheran Church.

Larry Nakata/ Secretary

January 15th Anchorage Coin Club
Board Meeting

Meeting called to order at 6:30 pm by President Carl. Board meeting held at the Turnagain BBQ Restaurant located next to the University Center.

Following distribution of correspondence, Treasurer Stan Mead gave a budget report to the Board on the club's 2013 finances. Club finances were determined to be in good shape.

Discussion ensued on a review of the past year (2013). One of the club's major achievements was the 25th Anniversary Com Sets, in keeping with the club's tradition, the club has a number of extra 25th Year Com Sets minted that will go along with the 5th, 10th, 15th, and 20th Year sets that the club presently has in its inventory. Club also has the original dies from each of these years in its possession.

Fur Rondy Com Show then discussed. Reports from Treasurer Stan Mead and Secretary Larry Nakata indicate everything is in order for the club coin shows on Feb 22nd/23rd and March 1st/2nd. After reviewing costs for registration as an official Fur Rondy event and for advertising in the Fur Rondy Guide, the Board determined a price of $45 per table for any club member wanting a table for both weekends. We have the ability for up to 14 tables at this show.

For our membership meeting on Tuesday, Feb 4th, we are asking our club members to bring in potluck items as the refreshments for the evening. Side dishes, salads, and desserts will be potluck items asked for. Club to provide the soda pop for the evening.

Vice President Glen Dean will be giving a presentation on the subject of "Hobo Nickels" at the Feb 4th membership meeting.

The monthly raffle com will be an 1880-S Morgan Dollar graded MS 62/63. Raffle tickets will be available that evening at $5/ticket, 5 tickets for $20, or 11 tickets for $40.

As there was no further business to discuss, meeting adjourned at 7:45 pm.

Next ACC Board meeting will be on Wednesday, Feb 19th 6:30 pm at the Yamato Ya Japanese Restaurant located near the University Center

Larry Nakata/ Secretary

"NEVADA GAMING TOKENS"
by Larry Nakata (Life Member #3)

Back in Year 2009, I gave a presentation on the subject of "Gaming Tokens". Some of you were present for that presentation.

I wanted to expand the presentation to include "Nevada Gaming Tokens".

To start, some background on "Gaming Tokens".

Essentially, a gaming token is nothing more than a gambling chip that you see in casinos around the world. These gaming chips come in various denominations.

Here in the United States, gaming tokens come in two varieties:

The history of the gaming token goes back to 1626 when the first gambling house was legalized in Venice, Italy.

The so-called "poker chips" (gaming tokens) we see today really did not come into their own until the 1800s when you see the game of poker being played on Mississippi riverboats.

Among the features used to avoid counterfeiting were:

For the most part, the typical table gaming chips are called compression molded chips since they are placed in a special mold that heats and compresses the chips at approximately 10,000 psi at 350 degrees F.

Cactus Pete

On the matter of the metallic gaming coin..... for years the U.S. silver dollar was traditionally used for the coin operated slot machine. Use of the Morgan and Peace dollars for slot machine use came to an end in 1964 when U.S. silver dollars were selling at a premium well above the value of the coin. This was due to its silver content.

To prevent counterfeiting of such dollar tokens, the manufacturers used a variety of security measures to include use of different edge reeding patterns on the coin.

Caesars Palace

Today, the metallic dollar coins are giving way to new technology in which you can use U.S. paper currency or paper slips to play slot machines.

Even the higher denomination slot machine tokens ($5, $10, $20, $100, and $500) have given way to paper currency.

Casinos that go out of business destroy all of their gambling chips and metallic tokens.... leaving only those specimens that the gambler keeps as a souvenir.

Accordingly, casino chips and dollar token (coin) collecting is part of numismatics as a specialized collecting interest.

In 1988 hobbyists established the Casino Chips and Gaming Tokens Collectors Club. Some of the chips are worth up to $50,000..... with even the original manufacturer boxes that housed these chips commanding pretty good pricing. Much of those chips and coins are today bought and sold either through E-bay or through coin dealers.

Chip Collectors

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A MESSAGE FROM THE PRESIDENT

2014 is starting out to be a great year for collectors with our Fur Rondy Coin Show February 22 & 23 and March 1 & 2 at the University Center. Please come out to buy, sell, trade and help support the coin club.

Anchorage Coin Club is also looking for enthusiastic people to help write the newsletter and update our Facebook page. We would like to start an email list and have the newsletter sent out electronically by email so if anyone can help with that please let us know.

Hope to see everyone at the Tuesday February 4 membership meeting. It is a potluck so please bring an item to share. The club is also looking for numismatic donations of any kind to help pay for the advertising fees for the coin shows.

I would like to see the clubs membership to increase and grow into a larger more productive club where everybody can increase their education and enjoyment of numismatics.

                 Sincerely, Carl

Ten Thousand

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ANCHORAGE COIN CLUB
MEMBERSHIP APPLICATION

NAME:_____________________________________________________

ADDRESS :_________________________________________________

CITY:________________________ STATE:_______ ZIP:___________

TELEPHONE (HOME):________________________________

                (BUSINESS):________________________________

MY COLLECTING INTERESTS ARE:________________________________

_______________________________________________________________

_______________________________________________________________

_______________________________________________________________

SIGNATURE:________________________________   DATE:_______________

MEMBERSHIP DUES:

          $25 / Year Regular Membership

          $10 / Year Youngsters & School Aged Kids up to Grade 12

          $10 / Year for Seniors, Handicapped Members,
                    and Associate Members Living Outside Anchorage

Send application and dues to :

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

 

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ANCHORAGE COIN CLUB


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Anchorage Coin Club
PO Box 230169
Anchorage, Alaska 99523