The Reno Cartwheel
Reno Cartwheel
August 2011

Next Meeting:

Tuesday, 2nd of August 7:30 PM
Carrow’s Restaurant
605 N. Wells Avenue (Wells and 6th), Reno, NV  

August Gold Bullion, the Gold Nugget, and Gold Coins. Paul Williams will update us on the 100 oz. nugget sold at ANA
World Fair of Money in Sacramento, where gold is going and whether our currency should be tied to gold.

September Ice Cream Social
Movie to be announced. Suggestions welcomed.

October Shipwreck Coins
Fred Holabird (tentative)

November Happy Birthday Nevada
Rusty King, Coins and Medal  of Nevada

December Mini-bourse
Bring coins to trade and sell.

January Large Cents
Dan Waterman presents large cents.

At The Last Meeting
28 members and 2 guests for Coins of Cyprus. David Elliott did a slide show of coins from the Persian Period to the
Euro. Rusty King reminded everyone that our fearless leader is deaf. It is a good idea to wave you hand or something if
you have a question. There was discussion about reinstituting pizza night in June. We would need someone to offer their
house for the evening, maybe a park. Let me know if you have an idea.

Early Bird Prize was a 2006 Jefferson nickel first day cover won by William Gregory.

Raffle prizes winners were:
Larry Demangate1952 quarter
Dan Trabke: 1938 nickle
Phil Shalitt Jefferson dollar, CC dollar holder
William Gregory: bicentennial half, 1978s proof penny, wolf medal
Ron Jahn: proof Virginia quarter, 2006 nickle 1st day cover
Garrett Allen: 1938 Buffalo nickle, 2006 mint set
Ken Hopple: 1989 mint set
David Elliott 1944s Merc. dime
Howard Buchler 1936 nickle
Britney Gruhler: 1976P quarter
Dan Waterman: 1956 quarter
Bart Daniels: Susan B. 1979 dollars, copy of Actium denarius
Jack Gruhler: Lincoln memorial coinage set in frame
David Kasper: coin holders
Rusty King: Red Book

I WANT TO THANK EVERYONE WHO DONATES TO THE RAFFLE!

    Auctions-No auctions
Paul Williams sold several copies of Ron Paul’s Book and Western Americana catalog whose proceeds went to the Club.
Thanks Paul!

The
quarter pot of about $6 was not won..



    




Fred Holabird wanted to remind everyone that the club’s large library is house by him at 3555 Airway
Drive #308 (around back as Holabird Americana). Call ahead 852-8822.

Upcoming Coin Shows

July 30-31
Vallejo Nor-Cal X Coin Show
420 Admiral Callaghan Lane. Sat 10-5, Sun 10-4. Info: EMPOROR!@juno.com (707) 246-6327

August 14 Fairfield Coin Club Coin Show
Fairfield Community Center,1000 East Kentucky Admission $1 Info: Robert Belleau (707) 644-6232

August 26-27 Carson Mint Coin Show
Nevada State Museum, 600 N. Carson Street Admission $8 adults, children under 17 free. Info: Deborah (775) 687-
4810 ext. 237 or dstevenson@nevadaculture.org

RCC Officers

David Elliott…. President….…815-8625
Rusty King..Vice President...... 673-6745
Gerald Breedlove..Treasurer.....425-2967
Andre Azzam ..Secretary…......338-0707
Dan Waterman….Director……747-4380
Ed Waselewski…Director……354-0287
Ken Hopple ....….Director.......677-1544
Paul Williams….Director…....720-5395
Paul Williams….ANA Rep.....720-5395
David Elliott........Editor...........815-8625
datbbelliotts@prodigy.net,   www.renocoinclub.org

The RCC Board meets the third Tuesday of the month at Carrow’s at 7:30PM. Everyone is invited to attend.


The Other Coin: Coins of Alexander the Great

    When Alexander the Great conquered the Persian Empire and beyond, he liberated thousands of tons of gold and silver
bullion collected as taxes for hundreds of years by the Persian empire and stored in treasure vaults. This dispersal of
bullion in coin enriched the entire Eastern Mediterranean as well as made coins of Alexander and his successors
common, existing in the millions even today.




Gold stater
Athena/Nike   









    Alexander’s coinage scattered across dozens of mints, including a raveling mint with the army, and his gold stater, silver
tetradrachm, drachm and obol became the standard coinage for hundreds of years, except for Egypt where Ptolemy
issued coinage in heavier weights, tariffing the rest of the coinage.




Silver tetradrachm
Heracles with lion headdress/
Zeus enthroned   








    The silver coinage is the most abundant as silver coinage was used to pay soldiers. There is a contro-versy about
whether the Heracles is Alexander, bears his profile, or is simply Heracles, an ancestor of Alexander (along with Achilles
and Zeus). It appears that coins of Babylon mint (under the throne mint mark) have during his lifetime a nose that is bent
in the middle. Alexander had a broken nose from his boxing days and such coins are likely his actual image.
    The bronze coins have the image of Heracles on one side and an eagle, bow case and club, or bow case and bow.











The successor of Alexander (Various generals who fought and divided his empire) depicted Alexander on several coins
in addition to continuing the Heracles, Zeus enthroned coins in various denominations as the standard coinage.











Alexander is depicted with an elephant’s headdress by Ptolemy and with the horn of Ammon by Lysimachus.

    Alexander also had minted coins to commemorate particular battles to be given to those that did outstanding service in
the campaign. These rare coins are most notable from the Indian campaign and have elephants, himself standing as Zeus
and charging Poros on his elephant.













   Alexander is again in the news as the Ashmolean Museum at Oxford got 500 pieces from the Vergina Museum to
commemorate the Ashmolean’s reopening. Although is still some debate, the tombs are most like of Philip II (father of
Alexander), one of his wives–Kleopatra Eurydike and infant son. Alexander’s half brother Arrhidaios, who ruled as Philip
III with his niece and consort Hadea Eurydike as he was half-witted. Both were murdered by Olympias, Alexander’s
mother. Finally in the third tomb is likely Alexander IV, a young teenager, son of Alexander and Roxanne. these two as
well as Olympias were slain by Kassandros, a general of Alexander, who ruled in Macedonia and burried Alexander’s
family next to his father’s grave. It is likely that the armor, shield, and other accouterments are from Alexander himself,
traveling from Babylon to Macedonia with Arrhidaios.








































    The iron helmet and armor are almost certainly Alexander’s as bronze armor was much more common and Alexander
was known to wear iron armor. In addition, he bore a shield of Achilles and the above shield depicts Achilles conquering
an Amazon. The hunting scene depicted in the tomb is also likely to an image of Alexander in his youth.



                            



















    This in turn raises the question of whether the most common bronze of Philip II with the youth and mounted warrior
of the reverse is also depicting Alexander. Alexander did continue the design on some of his early coins. I will be
bringing the Catalog of the Ashmolean Museum, Heracles to Alexander the Great. The are a great many more pictures of
the tombs at http://people.clemson.edu/~elizab/aegae.htm
    Alexander’s numismatic legacy is one of the most intriguing and available coinages of the ancient world. The coins of
his father and successors are also common for the most part. Fine bronzes can easily be bought for under $20 and small
silver coins for $40. Even the tetradrachm can be found for a $100, although extra fine ones will command several
hundred dollars and perfect specimens a thousand or more.

Numismatically yours, David Elliott

Federal Reserve Vaults Hits $1 Billion in Unwanted $1 Coins
    At the cost of $300 million to manufacture and millions more to store, the Federal Reserve Vaults have been stuffed
with the presidential and Sacagawea $1 coins. The government will continue to produce them until 2016. There could
easily be 2 billion coins by that time. Leslie Page of Citizens Against Government Waste says the government should
withdraw the dollar bill from the market. A dollar bill will last 3-4 years and a coin more than 30 years. In addition as
prices rise, machines requiring coins will need too many quarters to comfortably carry.
    Congress was aware that the dollar coin would not be widely accepted until the dollar bill was pulled from circulation.
Nevertheless, they felt it was too explosive an issue along with telling the populace what light bulb to buy, car to drive,
toilet to put in their house, etc. Undeterred with one boondoggle, they created another when they let individuals order
coins from the mint free of shipping charges. This allowed thousands and thousands of people to get cash with their
credit card by ordering the coins and then redepositing them at the bank. Several cards gave frequent flier mileage points
for these orders  which reached as high as 100-140 thousand coins a month. Just one more example of government
incompetence as we wait for them to figure out they can’t spend twice as much as the take in or refuse to pay their
debts.













11th Sacagawea/quarter Mule Authenticated     
    An 11th example of the undated double-denominated Sacagawea dollar/Washington quarter dollar mule error coin has
surfaced, 11 years after the first example was found in Arkansas in 2000.
The coin was submitted to Numismatic Guaranty
Corp., which authenticated the coin as an example of the double-denomination mule error and graded it Mint State 67, according
to David J. Camire, president of Numismatic
Conservation Services, a sister company to NGC for whom he is also the error
coin specialist. What makes the
production of this mule error more unusual is that a State quarter dollar obverse die was paired
with a Sacagawea dollar
reverse die not once, but three times. The known mules are known to have been struck with three
separate and distinct
die pairs mounted in a coinage press dedicated to the production of dollar coins. The first example of the mule was
discovered
by Frank Wallis in late May 2000 in an Uncirculated 25-coin roll of Sacagawea dollars obtained from First
National Bank & Trust
in Mountain Home, Ark. The area is part of the St. Louis Federal Reserve District. Since the
original find, grading services have
authenticated, in all, 11 examples of the mule. Nine of the coins have been sold,
either in private transactions or at auction, at
published prices reaching as high as $70,000. Brown notes that the authors
of the 100 Greatest book have confirmation of two
pieces changing hands for in excess of $200,000. One coin remains
the property of the man who found it. U.S. Mint officials
determined the mules were struck sometime in late April or early May 2000. When Mint officials discovered the error, they
impounded several bins — one that may have contained tens of thousands of the mule errors struck by one press, as well as the
bins from two other adjoining coining presses. The coins were ordered destroyed. While a government investigation found that
the errors were produced by mistake and not deliberately, two former
Philadelphia Mint coin press operators were prosecuted on
charges of selling, but not stealing, up to five of the mules
and converting the profits to their own use. U.S. Mint officials in the
summer of 2002 indicated the possibility they
might seek forfeiture of some of the double-denomination errors depending on
when they were discovered and whether
they may have left the Philadelphia Mint illegally, but to this date officials have not
pursued civil forfeiture proceedings.
    In addition to the genuine mules, collectors should be aware that altered coins/replicas resembling the mules are also in the
market. The pieces are made by several novelty companies and produced by machining out the obverse of a genuine
Sacagawea
dollar, and then inserting and gluing in a machined-down State quarter dollar with its Washington obverse
facing out. The altered
piece is then plated over to simulate the color of the Sacagawea dollar. To identify the replica, look for a seam where the field
meets the rim. The altered piece's weight will be off from the 8.1 grams of a genuine Sacagawea dollar, and the altered piece will
produce a thud instead of a distinct ring when tapped, a result of its method of assemblage.