Reno Cartwheel
December 2012

Next Meeting:
Tuesday, 4th of December 7:30 PM
Carrow’s Restaurant
605 N. Wells Avenue (Wells and 6th), Reno, NV

December: Mini-Bourse
Bring your duplicates and extra coins to sell or trade. The new dollars and quarters will be available.

January 1: Nevada’s 125th Anniversary Medals
Rusty King will present Nevada’s Anniversary medals. It is also the time for officer nominations.

January 15: Annual Dinner and Elections
Annual dinner and elections (probably a movie).

February: Atocha Treasures
Fred Holabird (hopefully) will present the treasures of the Atocha.

March: 200th Anniversary of War of 1812
David Elliott will present the new Russian coin set commemorating the War of 1812.

At The Last Meeting
28 members were in attendance for Doug Larson’s presentation of inaugural medals. The 3 inch bronze medals can often be
found for $20 or bought from the mint in 3 or 1 inch versions. I ran out and got a Reagan three inch for $25 on e-bay to go
with my 1 inch copper. Elections nominations are encouraged at the December and January meetings with elections at the
dinner.
Dues are Due January 1, please send them in or give them to a club officer.










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.

Early Bird Prize was 1915 Barber dime  won by Troy Young.

Raffle prizes winners were:
Bill Gregory: 1989 proof set, Peru coin
Rick De Avila: roll of 1948P pennies, Silver certificate
Brian Baldridge: NV medal in
Mystery box, Morgan dollar album  
Leo Rossow: 1928S quarter
Clay Thomas: Club medal and wooden nickels, 2 Buchanan dollars, Donald duck coin
Paul Williams: NV Comstock book, British mint set
Bart Daniels: Romney hat

Quarter Pot
Leo Rossow won the quarter pot of $15
.
I WANT TO THANK EVERYONE WHO DONATES TO THE RAFFLE!

I have ordered the 2nd Cleveland dollar in P and D and the Denali national park quarter in P, D,  and S. Hopefully, they will all
be available at the December meeting along with all the other  dollars. Still have P and D rolls of Benjamin Harrison that I need
to sell along with the Cleveland  rolls. Please buy them, so I'll have enough money for the January 2012 coins.


National Park Quarters    P or D or S .50
Cleveland, Harrison   D or P $1.25, $30 a roll
Five quarter holder $1.50







Upcoming Coin Shows

Nov 30 and Dec 28 Nevada State Museum Ken will be minting a medals. I hope to join him on December 28. 10AM-3PM,
Fridays. Admission $8, 18 and under free.  

December 14-16 Las Vegas Coin Currency, Jewelry and Stamp Expo Imperial Palace, www.bickinternational.com for
details

January 11-13 Las Vegas Coin Currency, Jewelry and Stamp Expo Circus Circus, www.bickinternational.com for details

January 25-27 San Jose 45th Coin, Stamp, and Collectibles Show Double Tree Hotel, 2050 Gateway Place, San Jose.
Admission $2. Bruce Braga 408 839-1883, sanjosecoins@aol.com

RCC Officers
David Elliott….......... President….......…815-8625
Rusty King..............Vice President......... 673-6745
Doug Larson............Past President..........843-0162
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
Bob Wagner..................Director..............3781022
Paul Williams…..........ANA Rep.............720-5395
David Elliott...................Editor................815-8625
datbbelliotts@prodigy.net,   www.renocoinclub.org

The RCC Board meets the 3rd  Tuesday of the month at Carrow’s at 7:30PM. Everyone is invited to attend.
If there is a topic you would like to see please let a board member know. Someone in the club knows all.


DUES Are DUE. Please bring your dues to the meeting or mail them to us.






The Other Coin: Electrum Coins
 The Israel Museum in Jerusalem has an exhibit of the earliest coinage called White Gold: Revealing the World’s Earliest
Coins. Some 500 electrum coins have been gathered and our on display. I have sent for the exhibit catalog and hope to have
that at the next meeting. Electrum coins are not only historically significant, but also astonishingly beautiful. Reflecting a rich
diversity of subjects, they trace the evolution of Greek art from the seventh through the fourth century BC. The earliest coins
were struck in the late seventh century BC in western Asia Minor (present-day Turkey), which was home to many Greek
cities. They are nugget-like in shape and made of electrum, an alloy of gold and silver. From this region, the idea of coinage
rapidly spread to the Greeks and Persians, who also adopted minting coins in refined silver or gold from Croesus of Lydia.














 The source of the electrum Mount Tmolus in the kingdom of Lydia. Nuggets and grains of the metal were carried by the
river Pactolus through the city of Sardis where coins were first minted. It quickly spread to the other Greek cities of western
Asia Minor that came under Lydian control. When electrum took the form of a coin, the device of the issuing authority
guaranteed its face value. Careful weight control, within hundredths of grams, facilitated acceptance. Electrum coinage was
thus a fiduciary coinage and profit accrued to the issuing authorities. Electrum coinage was also a high-value coinage, too
valuable to be useful in everyday transactions. The most common denomination, the third stater (trite), has been estimated to
be equivalent in value to sixteen sheep. The high value of electrum explains the production of many small fractional
denominations. Twenty-fourth and forty-eighth staters are not uncommon.


















       Denominations of the gold and silver Croesus staters, from ½ to 1/12 (known to 1/48)

From an iconographical point of view, it seems probable that the longstanding Near Eastern tradition of engraving seals
provided the idea for striking coins. Moreover, it is plausible that the early die cutters were drawn from the cadre of artists
who had already gained experience in intaglio (engraving) techniques. It is certainly the case that the earliest designs on the
coins of western Asia Minor – lions, griffins, bulls, sphinxes, winged deities, and other figural motifs – resemble those of the
Near Eastern seals and take their inspiration from the repertoire of Near Eastern art current in the seventh century BC. With
time, however, Greek elements began.  
Nearly a hundred distinct designs have been identified for the early electrum coinage, but the number of mints must have been
smaller, for some mints used several types whose relationship can be detected on the basis of a shared background texture or
shared incuse punches. The coinage of Samos, for example, featured a lumpy surface, at first typeless, then with a reclining
lamb or facing panther head in the center, or a bird. Other issuing authorities adopted one or two principal types. Among the
identifiable Greek mints, Cyzicus employed the tuna as its civic badge, while Phocaea marked its coins with a griffin or a seal,
the latter (
phoke in Greek) representing a pun on the city's name. Coins of Ephesus bear a stag or a bee, those of Miletus a
recumbent lion or a lion's head, and those of Chios a sphinx. The vast majority of early electrum coin varieties remain
unattributed.













































Electrum remained the sole monetary metal until the mid-sixth century BC, and its rarity outside of Lydia limited the
production and use of coinage to western Asia Minor. According to Herodotus (1.94), the Lydians were also responsible for
the invention of gold and silver coins. Greek sources speak of gold coins called kroiseioi stateres (Croeseid staters), and on
this basis early numismatists credited this important innovation to Croesus (564/53–550/39 BC), the last of the Lydian kings,
whose name is associated with legendary wealth. Croesus was believed to have replaced electrum coinage with a currency
system based on both gold and silver staters and their fractions, all bearing a single type – the confronted foreparts of a lion
and a bull (see top left). His invention of bimetallism unleashed a rapid diffusion of coinage - mainly silver coinage –
throughout the ancient world, for it enabled areas rich in silver ores, but lacking gold sources, to strike coins of their own.
More info:
http://www.imj.org.il/exhibitions/2012/WhiteGold/

Numismatically yours, David Elliott  

Numismatic Potpourri
I guess the new Gold Commission to consider reviving the gold standard will be scotched along with Romney’s defeat. The
Mark Twain commemorative coin was passed. Up to 100,000 gold $5 commemorative coins and 350,000 silver $1
commemorative coins in proof and uncirculated qualities would be offered in 2016. A 1909 DVB made it on the Mars rover
Curiosity as part of the camera check. The design for the 2013 Native American dollar is in:
















The ANA got the second to last Canadian penny minted in 2012. The Canadians are getting rid of the penny and transaction
will be made rounding to the nearest nickle. European Union will be producing new secure banknotes known as Europas,
bearing the goddess watermark in 2013. The Canadians are also marking their gold bullion coins with a new laser security
feature. Quarter designs next bear include he Great Basin in Nevada. Proposed designs are:
























.


Roman Gold Coin Hoard Found
What is regarded as one of the largest Roman gold coin hoards ever found in the United Kingdom was discovered in early
October. The hoard of 159 late Roman gold solidus coins, found by an anonymous metal detectorist on private land. The
hoard dates toward the end of Roman rule in Britain. It comprises predominantly coins of Roman emperor Honorius (A.D.
395 to 423) and his brother Arcadius (395 to 408), a Byzantine ruler, but at least three other rulers are represented, including
Theodosius, the two brothers’ father. All but one of the coins are in Extremely Fine condition. The gold solidus was not a
commonly encountered coin for most users of Roman coins, due to its extremely high face value. “They would have been
used for large transactions such as buying land or goods by the shipload,” Thorold said. “Typically, the wealthy Roman elite,
merchants or soldiers receiving bulk pay were the recipients.”Most coins in the 1,600-year-old hoard were struck in Milan
(117 pieces), but 11 each were struck in Ravenna and Trier. Other mints represented in the hoard are Rome (seven
examples), Constantinople (three), Thessalonica (three), Lyons (two) and Sirmium (one), with the mints of four coins
unknown until further cleaning, according to Thorold. Ninety-five coins were struck under Honorius, while 42 are from the
reign of Arcadius. Other rulers represented include Valentinian II (11 examples), Theodosius (seven) and Gratian (one), with
three unknown and requiring further cleaning,