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ACCent: The Monthly Newsletter of the Anchorage Coin Club

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Volume 28, Number 3

 

March 2015

 

March Membership Meeting

 
Tuesday, March 3, 2015

Central Lutheran Church, 15th & Cordova

7:00 PM


   

Membership Meeting March 3rd at 7pm

  • The March 3rd club meeting will be a POTLUCK event - The Club will provide the main food dish (sandwiches or pizza). Please bring a potluck item, side dish, salad, or dessert to supplement the meal.

  • For this meeting we will be electing the Club's officers and board members.

  • The March Raffle Coin will be a 1927 P Peace Dollar graded AU50.

  • There will be no presentation. The club is having a Buy/Sell/Trade event - Bring your stuff for sale or trade!

  • The Fur Rondy Coin Shows will be at the Sears Mall over both weekends of the Fur Rondy, February 28th and March 1st, and March 7th and March 8th.

The Presidents Column

The club is looking for a member to store the tables and display cases that we use for coin shows. There approximately 20 tables and display cases.

Allen Nichols / President

Recap of the February 3rd Anchorage Coin Club Membership Meeting

 

Membership meeting called to order at 7:15 pm by Club President Allen Nichols.

Door Prize #1: "Basic Guide to U.S. Commemorative Coins".

Won by: Richard Vickery

Door Prize #2: "2010 Standard Catalog of World Coins 1901-2000".

Won by: Jon Morse

Announcements:

New Business:

More Announcements:

Club's Monthly Raffle Prize: 1937 D/D Buffalo 5c MS-65. Won by Stewart Smith.

Following the raffle prize drawing, Stewart Smith gave a presentation on the subject of "Carson City Coinage".

The club's monthly coin auction followed with the meeting concluding at 8:30 PM...........

Larry Nakata/ Secretary

Recap of the February 18th
Anchorage Coin Club Board Meeting

Board meeting was held at the Turnagain BBQ Restaurant (located next to the University Center). Meeting called to order at 7:05 PM by Club President Allen Nichols.

Following a review of correspondence, the Board went over details for setup of the Fur Rondy Coin Show at The Mall at Sears. Prior to the weekend of Feb 28th/March 1st, we will move our club tables/display cases into a secure room at The Mall at Sears. Setup will occur early morning on Saturday/February 28th. Since the room is secure, coins can also be stored after the end of each day of the show.

For the March 3rd Officer Elections, the following club members have volunteered to run:

For the March 3rd Membership Meeting:

Briefing by Dan Barnhart on club's Facebook. Facebook is online with announcement of our club's coin show at The Mall at Sears posted.

Dean Sawyer is still working on club's new webpage. Discussion by Board on the level of advertising on club's new webpage. Decision: If a company has an ad in our club's newsletter, the new webpage will have a link to that company's webpage.

Upcoming Club Raffle Coins:

John Larson:

The Next Board meeting (on March 18th) will be held at the Johnny Chicago Restaurant located across from the University Center.

As there was no further business to discuss, Board meeting concluded at 7:30 PM.....

Larry Nakata/Secretary

Article: Conder Tokens
by Dan Barnhart and a brief history - courtesy of Wikipedia

Condor Token

The Wikipedia part:

Conder Tokens, also known as 18th Century Provincial Tokens, are a form of privately minted token coinage struck and used during the latter part of the 18th Century and the early part of the 19th Century in England, Anglesey and Wales, Scotland, and Ireland.

The driving force behind the need for token coinage was the shortage of small denomination coins for everyday transactions. However, the demand was fueled by other factors such as the Industrial Revolution, population growth, and the preponderance of counterfeit circulating coins. Because the government made little effort to ameliorate this shortage, private business owners and merchants took matters into their own hands, and the first tokens of this type were issued in 1787 to pay workers at the Parys Mine Company. By 1795, millions of tokens of a few thousand varying designs had been struck and were in common use throughout Great Britain.


Coin Shortage


In Great Britain, a shortage of small denomination coinage had been reported as early as the late 14th century. Such a shortage made it difficult for workers to be paid, and for transactions of daily life to be carried out. The shortages persisted and worsened through the late 17th century and became particularly problematic by the middle of the 18th century. The shortage of small denomination coinage reached a critical mass with the move of many workers away from agricultural jobs and into the work force in factories during the Industrial Revolution. The growing payrolls of factories were nearly impossible to meet for employers with no supply of coins. At the same time, the population growth rate of Great Britain between 1750 and 1800 nearly quadrupled. The situation was only made worse by the outflow of British silver coins via Gresham's law, the preponderance of counterfeit copper coins in circulation, and the Royal Mint's sporadic production of non-gold coins from the late 17th century to the late 18th century. For many years, no copper or silver coins were minted at all, and in 1775 King George III had halted the production of copper coinage at the Royal Mint.


The return of government coinage


By 1802, the production of privately issued provincial tokens had ceased. However, in the next ten years the intrinsic value of copper rose. The return of privately minted token coinage was evident by 1811 and endemic by 1812, as more and more of the Government issued copper coinage was melted down for trade. The Royal Mint undertook a massive recoinage program in 1816, with large quantities of gold and silver coin being minted. To thwart the further issuance of private token coinage, in 1817 an act of parliament was passed which forbade the manufacture of private token coinage under very severe penalties.

Collecting Conder tokens has been popular since shortly after they were first manufactured, resulting in the availability today of many highly preserved examples for collectors. The demarcation of what is or is not considered a Conder token is somewhat unclear; however, most collectors consider Conder tokens to include those indexed originally by James Conder or later by Dalton & Hamer.

The Dan Barnhart part:

Ok, now that we have a brief history of how Conder Tokens came to be, basically to fill a huge shortage of small coinage for Great Britain. At the same time, there was also a shortage of small coinage in the American Colonies. Conder Tokens were used here in the colonies and even after we became a nation in 1776. Our mint did not start coining money until 1793, patterns were coined in 1792.

Back in the day, copper coins were made of 100% copper, and folks could actually buy things for a penny or less. Condor tokens were coined in Penny, Half Penny, and Farthing sizes - yes, you could buy things for a 1/4 penny!

I have always had a soft spot for old large copper coins. I do like our US large cents and half cents, but they get rather expensive when they have a date that is in the late 1700's. Many Conder tokens are dated in the 1700's but they are not expensive to collect. A nice circulated Conder token can be had for $20 - $30. There were also thousands of different types minted. Some are rather plain but many have wonderful designs on them. I like old sailing ships with the tall masts and there are many Conder tokens with ships that I have collected. If you look on Ebay, Conder tokens are listed under US Coins - Colonial.

-Dan Barnhart

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List of Coins Submitted (as of Board Meeting) for March 3rd Membership Meeting

From Bill Fivaz:

1. 1901 Indian 1c AU-58 Minimum Bid (MB) 9

2. 1911-S Lincoln 1c Fine MB 25

3. 1866 Shield 5c AU-58 (Nice Type Coin) MB 165

4. 1866 Liberty 5c (Key Date Coin) AG MB 115

5. 1938-D Mercury 10c MS-67 FSB Prooflike! MB 95

6. 1932-D Washington 25c (Key Date Coin) AU MB 150

7. 1948-P Franklin 50cMS-65 FBL MB 20

8. 1949-P Franklin 50c MS-63 FBL MB 25

9. 1921 Alabama 2x2 EF (U.S. Commemorative) MB 115

10. 2001-P North Carolina State 25c UNC Off Center No Minimum

11. Three (3) $1 Silver Certificate Star Notes Crisp UNC No Minimum

12. Five (5) $1 Silver Certificates Crisp UNC No Minimum

13. Ten (10) $1 Silver Certificates No Minimum

14. Fifteen (15) $2 Red Seal Notes No Minimum

15. Buffalo Nickel Comparative Grading Set (MS-65 to AG) MB 225

16. Donation Lot: Four (4) 1969-S 40% Silver Proof 50c

Donation Coins from Greg Allen:

17. Donation Coin: Set of Alaska Rural Rehabilitation Corp (ARRC) Tokens (Set 104 of 500).

18. Donation Coin: U.S. Mint 1983-S Olympic Silver Dollar

19. Donation Coin: Alaskan Token- 1979 Palmer Dollar

20. Donation Coin: U.S. Mint 1976 Bicentennial Silver Proof Set- Ike Dollar, Kennedy Half Dollar, Washington Quarter.

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ANCHORAGE COIN CLUB

March 3rd RAFFLE

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

Purchase and Drawing at the March 3rd meeting.

1927-P Peace Dollar graded AU-50

 

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ANCHORAGE COIN CLUB
MEMBERSHIP APPLICATION

NAME:_____________________________________________________

ADDRESS :_________________________________________________

CITY:________________________ STATE:_______ ZIP:___________

TELEPHONE (HOME):________________________________

                (BUSINESS):________________________________

MY COLLECTING INTERESTS ARE:________________________________

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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


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