Reno Cartwheel
July 2010

Next Meeting:
Tuesday, 6th of July 7:30 p.m.

Carrow’s Restaurant
605 N. Wells Avenue
Reno, NV  

Rob Wm. Vugteveen, Coiner of North-West Territories Mint will present the history of Medallic Arts
and the North-West Territorial Mint

At The Last Meeting

26 members were in attendance with four new members. Several members presented their favorite
coin, which included a Roman coin found on a US street, a complete set of Nevada centennial coins,
and my Russian Ancient Towns of Russia series. It looks like the deal to have a Club coin show in
October at the New Holiday Inn in Sparks off the highway is almost a done deal thanks especially to
Duke Morin. Please make an extra effort to come to our guest presenter in July. It should be fascinating.

Please let one of the board members know of a topic you would like to do or have presented. Someone
in the club knows all.

Early Bird Prize was won by Rick DeAvila: Planchette and Union Shield set

Raffle prizes winners were:
Howard Buchler: medal Franklin mint, 1974s proof .25
Katie Gregory: Masonic Bronze medal, 1964D mint set (
mystery box),
Jack Gruhler: 1977-S proof half, 1978 mint set, FDR bronze, John Tyler bronze medal
Dan Trabke: war nickel set
Ken Hopple: 1965 mint set, 1976 ½ , 1967 Canadian mint set
Craig Chichester: 1966 mint set
Rudy Frisco: 1995P cent roll, Colorado medal
Paul Williams 1965 mint set
Sam Pibitanto 1971D ½
Rick De Avila: 1971 P and D ½ , 2004 nickel set
Bob Wagner: US Treasury medal
Lynn White: Van Buren bronze
Paul Van Skike: Club 25th anniversary medal

Gary Dahlke (not present) won
quarter pot


Paul Williams won 1964 money clip $21, 1963 BU ½ $15, 1964 mint set $25, 1961 PF 70 silver dime
Andre Azam 1967D BU ½ $12
Phillip Shalitt, 1960 Proof set $16
Rick De Avila 1961 proof 70 .25 $18, tin of cents $11
Duke Morin: bucket of coins $85, ½ bucket $25

Upcoming Coin Shows

July 31-Aug.1, 2010
VALLEJO ~ Nor-Cal IX Coin Show, Elk’s
Lodge #559, 2800 Redwood Parkway, Bourse:
Harry Davis, 2900 Georgia, Vallejo, CA 94591
(707) 642-0216,

August 15, 2010
Fairfield ~ Fairfield Coin Club Show,
Fairfield Community Center, 1000 East
Kentucky, Robert Belleau, (707) 644-6232

August 21-22
Fremont ~ Fremont Coin Club,
Elk’s Hall, 38991 Farwell Dr.
Bourse: Vince LaCariere, P.O. Box 994
Fremont, CA 94536 ~ (510) 792-1511.

RCC Officers
Doug Larson…. President……843-0162
Karen Sanguinetti..Vice Pres...857-4508
Ralph Marrone..Treasurer.……882-6741
Shannon Holmes ..Secretary….827-4359
Dan Waterman….Director……747-4380
Ed Waselewski…Director……354-0287
Gerald Breedlove….Director...425-2967
Duke Morin……….Director…856-4935
Paul Williams…ANA Rep...…720-5395
David Elliott........Editor...........815-8625

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

The Other Coin: A Cigar Box of Coins

A friend of mine was in the process of moving and came across a cigar box of old coins from his dad,
WWII fighter pilot Charles Houk. He asked me to dispose of them, so I’m going to offer them here as a
bid or buy. Buy prices are listed and I will auction off what remains at the coin club meeting. Lots of
nice stuff for the raffle, so I’ll give Doug first dibs.

1915 $2 ½ gold, circulated, xf $200

1922 $1 vf $18

1921 $1 xf $20

1921 $1 vf $18

1888 O $1, toning $25

1890 $1 AU $25

lower grade dollars $12 each– 1902O, 1922S, 1922D, 1923D

1844O ½ G4 $20

1855O ½ G8 $25

1961 ½ vf $5

1964 ½ $4 xf, scratch

1899 .25 fine (2) $8 each

1939D dime, xf, dirty $2

1914 .25, vg $6

1936D nickel $2

1913D nickel vf w/verdigris $12

1853 ½ dime fine $20

1868 3 cent, loop soldered on it, fine$15

1864 2 cent, fine, hole, $15

1865 2 cent , good, $15

Mexico,50 centavos 1878 Zacatecas, fine, $12

As a lot: 5 and 10 Pesos, 1913, EL Banco Chihuahua, 2 lateral folds, miner and cowboy herding, both
notes $5

17 Indian head pennies, 6 holed- $2

44 wheat pennies–$2

10 tokens, including 2 1/10 Missouri tax, 1837 Portsmouth, NH merchant token, 1937 Jones Dept
Store, Western Co-op. Golden Gate International Expo, 2 Menter Clothing Store–all $15

39 WWII German Coins, 3 silver, and 5 mark, 1944, Allie note collected from dead enemy soldiers by
Charles Houk with accompanying letter from 39th Infantry APO giving permission to take the coins
home. $25

Uncirculated Japanese occupation of Philippines notes, 1, 10, 50 centavos; 1, 5 Pesos $5

About 8 ounces, 42 coins, of miscellaneous silver coins, mostly US, most with dates, but also love
tokens, GB, and Mexico. $20     

Have fun. If something strikes your fancy, call me 815-8625.

Numismatically  yours, David Elliott

Medallic Arts
Rob Vugteveen is special projects manager for Northwest Territorial Mint which acquired Medallic Art
Company in July of 2009. Mr. Vugteveen led the relocation of Northwest Territorial Mint’s production
operation from Auburn, Washington, to the Medallic Art facility in Dayton, Nevada. For more than a
century, Medallic Art Company has proudly designed and minted its world-renowned works of medallic
art in the U.S.A. Now headquartered in Dayton, Nevada, Medallic Art has been privileged to produce
many important medals and awards including the Pulitzer Prize, Congressional Medal of Honor, National
Medal of Science, President‘s Medal for Freedom, the Newbery and Caldecott Medals, the inaugural
medals for eleven U.S. presidents, and many, many others. Additionally, Medallic Art has produced
portrait medals of well-known civic and community leaders as well as commemorative pieces for major
corporations, foundations, and associations.

Fractional Gold Sales
The 22-karat 2010 American Eagle Gold Bullion Fractional Coins are off to a brisk pace according to
the most recent coin sales figures released by the United States Mint. An impressive 310,000 were sold
during the first five days amounting to 48,500 ounces  of gold.

2010 Fractional Bullion Eagle Debuting Sales
2010 1/2 oz Gold Eagle 28,000 coins for 14,000 ounces
2010 1/4 oz Gold Eagle 42,000 coins for 10,500 ounces
2010 1/10 oz Gold Eagle 240,000 coins or 24,000 ounces

2010 Fractional American Eagles still have ways to go before they reach record status, but if the Mint
can keep them available they should lay claim to a title. Both investors and collectors have been
purchasing gold coins at an ever increasing rate. The one ounce Gold Eagles in May 2010 hit their
highest level since 1999.
The Mint sells bullion coins for a small amount over the current spot price of gold, but only to
authorized purchasers. The authorized purchasers in turn resell the coins to coin dealers, precious metal
providers and/or directly to the public.        

Survival Rate of Proof United States Gold Coinage
For the most part, proof gold coins have small mintage figures. With the exception of some of the later
date Type Three gold dollars, most issues had fewer than 100 struck and nearly all of the pre-1880
issues have mintages of 50 or less.
As a good rule of thumb, it is a safe assum ption that around half of the original mintage figure for a
specific issue of proof gold is known. In other words, if the original mintage of an 1876 gold dollar is
45 coins, it is likely that 20-25 are known today.
Survival factors include that gold coins, including proofs were often sold during hard times, especially
the larger denominations. Small coins tend to survive better, but the eagle and double eagle were the
most popular coins. Hoarding improved survival rates, but the mint often melted down unsold proofs.
The mint also made restrikes of gold coins of 1875 and 1876, and also probably 1865 and 1873.
Many gold proof dollars have survival rates of 10%, and the hard times of 1890 caused many gold
proof coins to drop to 25%.