Reno Cartwheel
January 2012

Next Meeting:

Tuesday, 3rd of January 7:30 PM
Carrow’s Restaurant
605 N. Wells Avenue (Wells and 6th), Reno, NV  

January  Large Cents
Dan Waterman presents large cents. Nomination for elections.

January 17th Awards Banquet and Elections
Awards dinner and elections of officers

February   Medals and Their Making
We will watch “The Medal Maker.” Please bring an interesting  medal of your own.

February 25th Dollar Exchange at the Museum
Ken Hopple will be running the press, David Elliott will have the new coins at the state museum 10-3PM.

March   SS Central America Inventory
Fred Holabird will tell us the true inventory of the shipwreck. Just released.

May ANA’s “Change in Money: Cowries to Credit Cards.”
We will present ANA’s National Coin Week program.

At The Last Meeting
27 members were in attendance for the mini-bourse. Sales and trades were fair brisk. The Garfield dollar and other new coins were
also available. Several members reminisced about are long serving vice-president Al Shay (see below) who passed away. Ken
Hopple and David Elliott got the press running and the coin exchange going at the state museum on December 17. Many tiger
scouts and shops snapped up coins for children and grandchildren.  Nomination for officers and 2 board members are open for the
January meeting DUES ARE DUE–$15 and you’ll get a $10 dollar credit for awards banquet, January 17. Dan Waterman has
concluded a Fall 2012 coin show is not viable in this economy. Next year?        

Early Bird Prize was 1972 mint set won by Ed Waslewski.

Raffle prizes winners were:
Breanna Baldridge: mystery box Eisenhower medal
Leo Rossow: gold plated 2000 .25, Carson City dollar holder, coin albums
Jeff Allen: 1948 dime, WWII set-Japan and Germany
David Elliott: 2001 mint set
Dan Waterman Token book
Ken Hopple: Andrew Johnson dollars
Garret Allen: Romania coins
Thomas Charleston: 2 mint boxes, 1975 S proof penny
Bart Daniels: roll of pennies
Gary Dahlke Elizabeth II 40th anniversary crown, Red Book
Jou Tchao: Book Standing Liberty Quarters
Jack Gruhler: wooden nickles
Claude Sendon World Paper Money book, 1983 proof set

I WANT TO THANK EVERYONE WHO DONATES TO THE RAFFLE!

                  
No Auctions

No one
won the quarter pot of about $7.


       




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.

DUES ARE DUE-$15

Upcoming Coin Shows

January 27- 29  San Jose Coin Club Coin Show
F, Sat, 10-6, Sun 10-4,  DOUBLETREE HOTEL – Bayshore Ballroom, 2050 Gateway Place
Admission: $4, 17 and under FREE, Bourse Chair: Ray Johnson, (408) 598-7772, SanJoseCoins@aol.com, Website: www.
sanjosecoinclub.org

February 17, 18 Redwood Empire Coin Show
Fri, Sat 10-6,  E.L. FINLEY HALL, Sonoma County Fairgrounds, 1350 Bennett Road, Santa Rosa, CA, Admission: $1, Kids under
12 Free! Bourse Chair: Merle Avila,  5850 Commerce Blvd., Suite 100, Rohnert Park, CA,  (Days) 1-707-585-3711 or (Evenings) 1-
707-824-4811

DUES ARE DUE-$15


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.

If there is a topic you would like presented please let a board member know. Someone in the club knows all.  

Not The Other Coin: Are We Losing the Dollar Coins?
Secretary of the Treasury Geithner has ordered the halt to the production of dollar coins for circulation. They will no longer be
distributed to banks and available only from the US Mint at a premium of probably $37.50 a roll ($1.50 each) plus postage. About
2.5 billion coins have been minted so far with 1.4 billion in circulation and 1 billion is storage at the Federal Reserve. Without any
move to abolish the paper dollar bill, the coins have not been well received by the general public. The coin series, including the
Native American coins will continue to be produced through all deceased presidents and the club will get them as cheaply as
possible with the help of some of club’s coin dealers. Let us know if you want whole rolls (I usually get 4 rolls for the museum, 4
rolls for Ken Hopple to distribute, and 2 rolls to parcel out to club members.)





















Geithner and Biden announced that discontinuing the dollar coin for circulation will save the Treasury some $50 million, ignoring the
millions per year of coins that are collected and taken out of circulation at a substantial net profit to the Treasury. Furthermore, the
seigniorage of each dollar coin is .70 (They cost .30 to make), netting the mint hundreds of million more dollars even as they sit in
Federal Reserve vaults. The mint makes money on making money and is not subsidized by the US tax payer. Storage is paid by
member banks of the Federal Reserve and not by the government or taxpayer either. In addition to the $283 loss in seigniorage, the
mint incurs another $200 million in costs by not phasing out the dollar bill in favor of the dollar coins. The $50 million savings is a
wholly imaginary number as false as the millions of job the administration has “saved” or created. The mint stands to lose some
$500 million a year, and none of the new coins–Native American dollars, presidential dollars, or national park quarters will be
distributed to the banks and available for purchase at face value. Feel screwed?









































                                                         2012 National Park quarters


Further impending decisions are to make the nickle from steel and the penny from copper coated steel as the copper/nickle alloy of
the nickle and the copper coated zinc of the penny make production costs of both coins more than their face value.

           Numismatically yours, David Elliott                               

                                                   
Al Shay: 1921-2011

















The long time vice-president of the Reno Coin Club passed away November 10. Al will be re-membered for his tireless efforts and
promotions on behalf of the club. He got us free casino space for our coin shows at the Peppermill, Atlantis (pictured with Atlantis
owner Farahi), and Boomtown.  A trumpeter from the 1930's, he play at the Catskills and all three Copacabanas (NY, Miami, and
Havana). He was a musician in the Navy during WWII and came out to Reno after the war with the Vic Damone Orchestra. Every
board meeting was fully attended just to hear his stories of Old Reno.
His orchestra graced the Mapes Hotel marquee from its closure to its demolition as the last band that played there. He was very
active in encouraging the casinos to maintain live musicians and was active in the big band revival. In 1998, Al was elected to the
World of Entertainment Hall of Fame. He was also vice-president of the Reno Stamp club and encour-aged combined shows. He
collected autographs of WWII figures and astronauts. Always the gentleman, he will be sorely missed.

DUES ARE DUE-$15

Four Wisemen Coins

The Christmas season is upon us, so I will trot out the ancient coin contenders for the Three Wisemen: Azes II of the Indo-
Scythians, Phraates IV of the Parthians, Gondophares of the Indo-Parthian (whom St. Thomas is said to have converted to
Christianity) and Aretas IV of the Nabataeans.









Aretas IV & wife Shuqailat,9BC-40AD                                Azes II, mounted/Athena stands35BC-4AD








Gondophares,bust/Nike stands, 10BC-50AD                                Phraates IV, head\king as archer,37-2BC

 Don’t forget that Jesus was born at 7BC or 4BC to take into account all the personages mentioned
at his birth, which was how time was kept back then e.g. the 7th year of emperor, king, magistrate so and so. Our year 0 was a
pretty good medieval guess.

The Large Cent  
United States large cent was a coin with a face value of 1/100 of a United States dollar. Its diameter varied between 27mm and
29mm. The first official mintage of the large cent was in 1793, and its production continued until 1857, when it was officially
replaced by the modern-size one-cent coin (commonly called the penny). First struck in 1793, the large cent was coined every year
from 1793 to 1857 minus one year (1815) due to a shortage of copper. The Philadelphia Mint produced all large cents, which
contained twice the copper of the half cent. This made the coins bulky and heavy, bigger than modern-day U.S. Quarters. The
varieties are:

Flowing Hair 1793
Flowing Hair, chain reverse 1793
Flowing Hair, wreath reverse 1793
Liberty Cap 1793–1796
Draped Bust 1796–1807
Classic Head 1808–1814
Coronet Head, or Middle Dates 1816–1835
Matron Head (modified) or "Young Head" 1835 - 1839
Coronet Head, or Late Dates 1839–1857
This very nice 2012 Native American dollar
costs .30 to make and will cost you about
$2 to own thanks to Treasury Secretary
Geithner