Reno Cartwheel
June 2013
          
Next Meeting:
Tuesday, 4th of June 7:30 PM
Carrow’s Restaurant
605 N. Wells Avenue (Wells and 6th), Reno, NV

June 4th: My Favorite Coin! Bring your recent favorite coin. We actually care about it!  We will have finger foods, drinks on you own.

June 28th: Great Basin Quarter and medal at Nevada State Museum Ken and I will be at the museum with new coins and displays. 10AM-
3PM.

July: World War II Medals Doug Larson will bring a collection of WWII medals: US, German, Russian and more! Please bring yours, or your
dad’s or grandfathers.

August: Currency AJ Jacobs, our resident expert, will present topics on US and foreign currency.

At The Last Meeting
32 members participated in our first auction meeting, bidding on everything from ancients to CC dollars, encapsulated coins, and books.
Thanks to the generations donation of items by Rusty King, Gerry Breedlove, and Ken Hopple, the club cleared more than $200. The designs
for 30th anniversary medal and Great Basin medal were passed around. We have bought the silver blanks and need money for he die and off
medals. You can donate, pre buy the medals, and we will probably have another auction in September. I finally got the missing S 2012
quarters, so will be making up 20-30 more of  5 coins sets of 2012 and will also make up a 100 or more of the 2013 S. I will get rolls of the
Great Basin quarter PDS at $17 a roll of $50 all three. They are to be issued June 10, and will be available in July meeting and at the State
Museum, June 27.



Great Basin roll $17, set PDS $50
National Park Quarters    P or D or S .50        
T. Roosevelt   D or P $1.25, $30 a roll
Native American 2013  D P $1.25, $30 a roll

 
Early Bird Prize won by Briana Baldridge was a 1974 proof set.

Raffle prizes winners were:
Rick DeAvila: roll of Australian pennies, 1945 MS penny
Ken Hopple:2013 proof set, Chronicles of the Comstock
Bill Gregory: History of presidential coins
Leo Rossow: Buffalo nickel
Bart Daniels: set of presidential dollars, 1935 silver certificate
Troy Young: Book on silver dollars, coin holders
Laural Hoggan: 2013 Red Book, buffalo nickel, Afghanistan coins
Jack Gruhler: 1 oz copper buffalo, 1969 proof set
Bill Gregory: Bicentennial half
Ed Scott: 1970 proof set, 1884 nickel
Dan Trabke:1991 proof set, roll Canadian nickels, casino chips
Thomas Charleston uncirculated 1953 dime
Faye Allen: 1957 silver certificate, 1 oz copper dime
Jeff Allen: Bicentennial half  
Claude Sendon: 1907S barber dime
David Elliott: 1 oz copper Indian
Jack Gruhler US Coin Ledger

                       Quarter Pot
Mark Gregory won the quarter pot but did not contribute his quarter, now $34.75.

                          
 Auction
Rick Avila won a roll of Bicentennial halves for $15 donated by club.

I WANT TO THANK EVERYONE WHO DONATES TO THE RAFFLE!

Upcoming Coin Shows

June 6-8 Long Beach Coin Show, Convention Center, 100 S. Pine St., 10-7(4), $8 Admission, club members, seniors, children $4. Parking
$10. Bourse: Taryn Warrecker, 805-680-0294, e-mail: TWarrecker@collectors.com, www.longbeachexpo.com

June 23 Stanislaus County Coin Show, Modesto Centre Plaza, 1000 L Street. Bourse: Brandilyn Gilmer, 209 492-9028.

June 27th Great Basin Quarter at the Nevada State Museum, Carson City, 10-3, $8 Admission, under 18 free. We will have the new
Great Basin quarter, NA dollar, and have the press running.

June 27-28 Concord Coin Show, The Clarion Hotel, 1050 Burnett Ave Admit $3. Bourse: Bill Green, 925 351-7605, norcalcoinshows.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







 

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

The Other Coin: Philoktetes
Last month I made it to the Santa Clara Coin Show on the way to the Hearst Castle (both are worth going to) and was able pick up a small
silver coin of Persis and a coin from Lamia, Thessaly with a reverse featuring the home town boy Philoktetes.
Philoktetes, a friend a Herakles, inherited his bow and arrows poisoned with Hydra’s blood. On the way to the Trojan War, he was left at the
island of Lemnos, expected to die. 10 years into the war, Odysseus learns that the Greeks can not win unless they have the bow of Herakles.
Odysseus and a small party journey to Lemnos where they find Philoktetes very much alive and resentful of exile, refusing to give up his bow.
They take both him and his bow. One of the sons of Asclepius heals him in camp. Philoktetes used his bow to kill the Trojan hero Paris, as
well as many other Trojans, being one of the Greeks to hide in the wooden horse.














         AE 14mm, Lamia, Thessaly. Helmeted head of Athena, rev. Philioktetes draws bow, bird of Lemnos falls above quiver. 400-344 BC

One of the most fun things is finding a great story behind a beautiful coin. This little gem is one of my new favorite coins. Be sure to bring
your old or new favorite to the next meeting.

Numismatically yours,
David Elliott

Higher Metals Prices Bring Boom to Area Coin Dealers by Barbara Marquand
(reprinted by request of Larry Demangate from
Northern Nevada Business Weekly, May 1, 2006)
With gold and silver prices at 26-year highs, northern Nevada coin dealers are doing brisk business. (Lots of people wanting to buy and sell
gold.) At the close of last Wednesday gold was $642 an ounce and silver was $12.92 per ounce. That’s a far cry from the 1980 peak when
gold hit $850 and silver was about $42 an ounce.  The higher prices are bringing both buyers and into the market, although coin dealers say
buyers outnumber sellers the customers wanting to cash in.
“They figure if they buy now, they’re going to ride the train on the way up,” says Larry Demangate, owner of Sierra Coin in Reno.
Demangate says the eroding strength of the dollar, the federal government deficit, skyrocketing oil prices, and the uncertain world political
situation have many people wanting to diversify their holdings. “Gold is an insurance policy,” he says.
(One ounce bullion coins, junk silver coins in bags of $1000 face value, and American Eagles are all popular.) American junk silver coins with
$1000 face value “was worth $9,237.80.”
Meanwhile, the collector market in jingling right along, too. The buzz about high gold and silver prices creates interests in rare collectible
coins, causing those prices to go up and up.








 





Baseball Coin Curves
All three of the baseball coins will be curved or concave and convex to imitate a baseball. Surpris-ingly, only 187 of the expected 10,000
design entries were received, but they are said to be very good. Winner gets his initial on the coin along with sculpturer.         Numismatic
Potpourri
The European Commission is deciding the fate of the 1 and 2 cent coins. Will they go along with Canada, Russia, and Switzerland and abolish
the coins or keep them as Britain and Poland has decided. Rounding up will cause a few per “cent” increase in prices.
Stay tuned for the
penny and nickel survival or death stories.
The 1913 V nickel
sold for $3.17 million last month. Originally declared a fake, it languished in a closet for 41 years before re-entering the
market as the last of the 5 missing 1913 V nickels.












You can now worship both God and mammon with the .9999 1/25 oz. gold coins from Israel featuring the Biblical passage on a tablet with a
design illustrating each of the
Ten Commandments in a cool case. About $1650 the set.















 


I  have prosed the design for a
medal to go with the Great Basin Park quarter to be released next month and my son-in-law has completed
the drawing. Complete with the Ichthyosaurus, chukars,  and wild horses. Computers allow me to draw and design despite the arthritis and
paralysis from my broken neck. Pretty cool, huh? We expect to sell the coin at the State Museum June 28 and at the August show.




















The three other $1 million plus coins were the unique
1783 Nova Constellatio, Type II, Without NOVA CONSTELLATIO 500-unit pattern,
certified PCGS Secure About Uncirculated 53;
a 1796 Draped Bust, Small Date, Small Letters dollar, certified Mint State 65 by
Numismatic Guaranty Corp. and stickered by Certified Acceptance Corp.; and an
1852 Augustus Humbert, United States Assayer gold
$10
coin, certified NGC MS-68, CAC.













Don Kagin and David McCarthy won the first coin for $1,175,000. The bust dollar sold to an anonymous bidder for the same price, and the
private gold coin also sold to an anonymous bidder for $1,057,500, the highest price paid for a pioneer gold coin.
A series of articles on the
San Francisco mint has just completed with more than a hundred photos. You can find the articles at: http://www.
coinnews.net/2013/05/03/san-francisco-mint-coin-production-photos/    We have tried a couple times to organize a road trip to the mint and
Federal Reserve is SF. Let me know if there is interest. I’m going to the Denver Mint and ANA in Colorado Springs in August. I’ll take lots of
pictures