Return to Alaska Coin Exchange homepage

Return to ACCent homepage


ACCent: The Monthly Newsletter of the Anchorage Coin Club

Accent Header 5


Volume 27, Number 11

 

November 2014

 

November Membership Meeting

 
Tuesday November 4, 2014

Central Lutheran Church, 15th & Cordova

7:00 PM


   

Membership Meeting November 4th, 7pm

  • Presentation on "The Evolution of the US Cent" by Larry Nakata

  • Coin Auction

  • The November 4th club meeting will be a POTLUCK event - please bring a potluck item, side dish, salad, or dessert

  • The Raffle Coin will be an 1896-P Morgan Dollar graded ANACS MS-64

  • Club members can submit a list of coins (for our club's Christmas Coin Auction) that they would like posted in the newsletter that will come out in November.

  • The December Coin Show will be held on Saturday and Sunday, December 20th and 21st

 

October 7th Anchorage Coin Club Membership Meeting

 

Membership meeting called to order at 7:15 pm.

Reminder from Carl of the Coin Show for October 18th and 19th at the University Center.

Presentation by Stan Mead on coinage of 1909 (cents).

Following announcements, Stan Mead gave a presentation on the "1909 U.S. Cents".

Prior to the auction, a check was presented by John Larson for $1548 from the club's gaming account to the club. These funds represent the proceeds from our club's various raffle prizes with moneys benefiting the various club activities. Thanks given to all of our club members in supporting the raffle over these years.

Coin auction was then held.

Meeting adjourned at 8:30 PM......

Larry Nakata/ Secretary

Monthly door prizes were awarded:

Special Note: A special thanks to everyone that help set up the October Coin Show. It was a success and we all had a good time - Carl

The Anchorage Coin Club is in the process of building an email contact list so we can send the newsletter and notify club members of upcoming events - be sure to give us your email addresses. We are in need of numismatic donation for our upcoming annual Holiday party and auction - please donate and help support the club (coins, currency, medals, books, supplies, etc).

Announcement: The Anchorage Coin Club Christmas Party will be held the second Thursday of December (on Dec 11th starting at 6 PM- Central Lutheran Church downstairs meeting area).

Per Stan Mead, reservations have been made (with the City Parks Dept) to secure the Abbott Community Park for our club's Summer 2015 Picnic/Donation Auction Event for Saturday July 25th, 2015.

Announcement:Final Anchorage Coin Club Holiday Coin Show (for 2014) will be held at the University Center on Sat (Dec 20th) and Sun (Dec 21st).

Announcement/Lost and Found: At our September 2nd club meeting, one of our members left a book with a nice set of coins. If you are that individual, contact Carl at 561-2275, otherwise if these are not claimed by December we will consider them a donation and aution them for the Young Numismatist Program.

October 15th Anchorage Coin Club
Board Meeting recap:

Meeting held at the Tumagain BBQ Restaurant located next to the University Center in Anchorage. Meeting called to order at 6:30 PM.

Following distribution and review of correspondence, the Board focused on making sure everything was in order for the Anchorage Coin Club Show scheduled for Sat/Oct 18th and Sun/Oct 19th at the University Center.

One problem area discovered...... no advertisement for the coin show. Everything else is in readiness. Because of the short timeline between the Board meeting and the coin show, some of the Board members will see what can be done to do some form of advertising. At the time of the Board meeting, looks like 10 tables for the coin show. The plan is to show up at 6 pm on Friday and help setup tables and cases at the University Center. The show to then start on Saturday morning.

For the November 4th coin club membership meeting (First Tuesday of November):

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

Larry Nakata/ Secretary

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

What is a coin worth?

         My first reference for a coins' worth or value is any one of the many magazine or monthly coin publications (Coins, Coin Prices, Numismatic News, etc). These are a good start or base, however market trends change fast and are harder to keep up with. I like to refer to some of the catalogs or online coin dealers to see what certain coins are selling for. Generally, these coins marketed by the larger companies may be priced a bit high, because of the large audience that the coin companies have and also the fact that they are not in a hurry to sell them - they can get more for them than you or I can in most cases. On-line auctions are a very good way to see what a coin is going for in the market. Ebay is one of my favorite places to go to see how much collectors are paying for coins. If there is a particular coin I am interested in, lets say a 1960-D Franklin half dollar, graded PCGS MS 65 FBL (full bell lines), I can watch it or several like it and find out what they sell for. Sometimes there is a very big difference for what a coin like this actually sells at auction for, and what the monthly publications say it is worth. From what I have seen, auction coins can be a bargain! Coins that are slabbed and certified by one of the major grading services tend to have a higher market value than raw coins. Raw coin grade condition can be very subjective, grading as an EF 40 by the seller, and maybe a VF 20 by the buyer for instance. Coins may be slabbed and graded, but the big grading companies can make mistakes too, but for for the most part, the grade or condition is less subject to scrutiny.

         For uncirculated high end coins, some people like them to be "blast white". I think blast white coins are boring. I like the toned coins. Toning can be very attractive. I have some reference books by Red Book on high end (uncirculated) coins. In the book on Franklin and Kennedy halves, for instance, it describes the minting outcomes for the coins per year and mint. They also list the coins in the mid to high MS grades and list the population of these coins reported by the major grading services. They also describe the market prices for "standard" MS grades as being one thing, but the same coin, in the same grade, but with "attractive" toning, such as rainbow, or album toing, as selling for 2 to 3 times the standard (boring) blast white coins. When I see these types of rainbow toned coins sell on Ebay, they do indeed sell for much more than what the reference publications say they are worth! I have also seen "unattractive" toned coins, that even though they are in a PCGS or NGC holder, slabbed as "MS65", that do not sell. I would not touch them with a ten foot pole - they are just ugly! A big factor in what the market says a coin is worth is popularity, and demand vs supply. If there are more collectors for a coin than there are coins of that type, year, and mint mark, then that coin will be high in price. I see this with the popular twentieth century coins, like Mercury dimes, and Buffalo nickels. I like collecting the more exotic nineteenth century corns like Seated coins, bust halves, or large cents. To me they are a better bargain as there are less collectors focusing on them, and they are more interesting, to me at least.

         I think I could go on and on, but basically, a coin is only worth as much as someone is willing pay for it, or as much as someone enjoys it!

- Dan Barnhart

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

ANCHORAGE COIN CLUB

November 4th MEETING RAFFLE

Tickets $5 each, 5 tickets for $20, or 11 tickets for $40.

Purchase and Drawing at the November 4th meeting.

1896-P Morgan Dollar ANACS MS-64

 

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

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

 

ANCHORAGE COIN CLUB


Facebook symbol

Like us on Facebook

http://www.facebook.com/AnchorageCoinClub

 



Alaska Mint

KPC

Loose Change


Carls

Debbies

Grubstake


Alaska Rare Coins


Uncommon Cents


Anchorage Coin Club
PO Box 230169
Anchorage, Alaska 99523