Tuesday, 28th of March 7 PM (4th Tuesdays now)
Denny’s,205 Nugget Ave.(at East McCarran), Sparks
March 28 Russian Coins David Elliott
April 21-22 National Coin Week at the Museum ANA is celebrating “Conflict and Courage: Money and the Military.”
April 25 Militaria ANA is celebrating militaria for National Coin Week. We will do better with Doug Larson.
May 23 Open
June 27 My Favorite Coin
The Last Meeting
26 people attended (I guess everyone was watching Trump’s speech, It was good. I taped it.) Doug was ill, but I brought my Reagan medals and Robert
Rodriguez brought huge gold Lincoln medals: a peace medal and presidential medal, both one of a kind. I’ll put them on-line. I did get the quarter pot and
newsletter lest straightened out. Only eight silver club medals left at $65, get your before they’re gone. The coin press is down and being slowly repaired.
Frederick Douglas .25 out April 4th. The 2017 penny will have a P mint mark on it to celebrate Philadelphia’s 225th (see below). It is in circulation and selling
for over $10 already, but is selling for 2-3 cents in rolls elsewhere. Bring up to 5 coins for the bid board now. We will have board meetings before the regular
meeting and vigorously tell people to be quiet so we can conduct business. Contact me with suggestions, concerns, or topics you would like to see: 815-8625
Early Bird Prize was a a 2017 NA dollar set won by Jerry Breedlove. Effigy Mound .25, NA dollar are here. 2016 S sets made.
Raffle prizes winners were:
Bart Daniels: mystery box roll of pennies and holder, 6 .25 set of birds
David Elliott: gold plated NV.25, 2005 buffalo .05
Dan Waterman: British mint set
Robert Rodriguez: 2009 .01 set, 2017 NA $1 set
Ken Hopple: chocolate coins, cases for slabbed coins
Laurel Hoggan: coin books
Rick DeAvila: blue books with .01 partially filled, 1942 .25, 1916P .10
Leo Rossow: 100 2x2 ,25
Ed Scott: 1992 proof set, red book
Cole Allen: effigy mound PD .25 set
Joe Wozniak: 2016S .25 set, 2017 Effigy mound S set, OPA cardboard pennies.
Thomas Charleton: presidential dollar set
Milton Angel: 2 coin books
Jerry Breedlove: Barber .10, bank notes book
Faye Allen: mint bag
Jeff Allen: coin boxes
Robert Rodriguez won set of presidential coins in album donated by club for $51
Gary Demangate (not present) won the quarter pot.
I WANT TO THANK EVERYONE WHO DONATES TO THE RAFFLE!
Upcoming Coin Shows
March 24-26, West’s Token Jamboree, Jackson, CA, Admit:?, Tables:?, Merle Avila, 707 585-3711, 824-4811 pm email@example.com
April 14-15,Sacramento Coin Show,Lions Gate Hotel, 3410 Westover St., Admit:$3, Tables:66, Peter McIntosh, 916 922-8041 firstname.lastname@example.org www.
April 21-22 National Coin Week at the Nevada State Museum, 600 N. Carson St., Carson City. Hope the press running, lectures and displays. 10AM-3PM, ANA
is celebrating “Conflict and Courage: Money and the Military.” Admit:$8. Kids free.
April 21-23, Santa Clara Coin, Stamps, Collectibles Show, Santa Clara Convention Center, 5001 Great America Parkway, Admit:$6, Tables:79, Scott Griffin, 415
601-8661 email@example.com www.griffincoin.com
David Elliott….......... President….......…815-8625
Rusty King..............Vice President......... 677-7057
Doug Larson............Past President..........843-0162
Andre Azzam ..............Secretary….........338-0707
Ken Hopple ....…..........Director..............677-1544
Paul Williams…..........ANA Rep.............720-5395
The Other Coin: Later Russian Coins
The 6 foot 8 Peter the Great had big plans for Russia. His tour of Europe in 1697-1698 was primarily to make alliances and secure workers for ship building and
cannon foundries, but he also toured the mints in France and England, met with Newton, and secured modern screw presses with which he began minting copper
kopecks and silver rubles by 1700, in quantity by 1704 and finally demonetized the wire denga in 1717. Mindful of the riots his father experienced with the copper
denga he rolled out his reforms slowly. He also was the first country to establish a decimal system of one hundred copper kopecks to the silver ruble.
The czars after him minted silver rubles, minor silver, and a variety of copper coinage with increasing skill. Russia has a great deal of mineral wealth and was able to
produced gold in quantity as one of the leaders of the international gold standard. They were also the first to mint platinum coins.
WWI saw the end of Imperial Russia with inflation making coinage aware, but making way for thousands of entities issuing paper money at ever higher
denominations. Each city, district, army white or red, railroad, and individual factories had their own currency. The Soviet victory had a short lived gold and
silver issue, largely for international trade, 1921-1924 before establishing a fiat currency. Soviet coinage quickly dropped “Workers of the World Unite!”on coinage
for the simple hammer and sickle or factory worker and collective farmer. Commemorative coins began in 1965 for WWII or the Great Patriotic War, 1967 for the
50th anniversary of the Revolution, and continued for heroes of the Soviet Union, but also approved Imperial luminaries like Pushkin or Musorgorsky. The 1980
Olympics inspired the minting of silver, gold, and platinum bullion coin starting in 1977. Palladium bullion coins began in 1989. The Soviet Union celebrated the 1917
Revolution after 1967 every 10 years with a coin or two, but every five years WWII was celebrated and continues to be often with a large set of circulating and
bullions coins. Every battle, town, and unit was commemorated in spectacular sets that still continue. The collapse of the Soviet Union in 1991 caused the Soviet
Bank to issue notes and coins in 1991 and 1992 as “government” currency until the Russian Federation took over in 1992 under a growing inflationary period that
saw the loss of kopeck coins, and ruble values at 3 cents or less. Finally, in 1998 the ruble was revalued at 1,000 old rubles for each new ruble, allowing the kopeck
to return. However the ruble is worth about 2 cents now, so kopecks are worthless. The reform coinage of 1998 also saw the return of the mounted knoght and the
Numismatically yours, David Elliott
News from the Frontlines
Robert Rodriguez is bidding in person at the Pogue and Baltimore auction on some American numismatic treasure and had the following obserrvations:
There has been a couple of whale size collectors that have entered the numismatic market within the past nine months. One began with a bang last July and by the
first of the year, he had spent about $45 million. That estimate is now over $65 million. He has acquired a broad range of coins from colonials through the 19th
century. Another is trying to become a 21st Century Eliasberg. There are several other collectors assembling early high-quality gold collections. It does appear that
prices are in the process of firming. By the way, both of the referenced collectors had no prior history in coins. I and others view coins as an efficient and less
governmentally intrusive way of transferring intergenerational wealth. I can attest to the belief that the high-end market appears to be firming.
For example my 1803/2 half eagle 66+. Among all the early gold denominations 1795-1807, according to PCGS, there have been a total of only five coins graded 66,
with just two carrying the plus:1795 Pogue Eagle 66+, that sold for $2.5 million all in, and my 1803/2 half eagle 66+. Of these five, there is only one that shows the
original metal flow lines from the time of coining and that is my 1803/2; thus, I consider it the absolute finest specimen of all early golds and felt, even at the price I
paid, a record, it was, in my opinion, truly under appreciated. In the end, I will likely not have an interest in selling, unless there is a more beautiful and historically
significant coin than my 1803/2 and it catches my eye. I fully expect to retain ownership for the rest of my life. In other words, it will be "fresh" when it re-enters the
I believe I re-entered the coin market at almost the perfect time so as to have the opportunity to acquire some incredibly rare, high-quality and gorgeous specimens.
Only time will tell whether my assessment is correct. I agree, last year’s US election, Brexit, Muslim invasion of Europe, Russia in the Ukraine, and poor Chinese
economic performance caused jitters among collectors of all types. For example, Crusader joins were selling for about half price in the Fall and Winter, but are back
on the rise again.
2017 Philadelphia penny will have a P on it to celebrate the 225th anniversary of the mint. Already released, can’t buy them from the mint. Should I get a bunch?
Coin Week has a nice video interview of Joseph Menna, a medallic sculptor at the United States Mint. If you've spent a Lincoln cent struck since 2010, you
have spent a coin that Menna has sculpted. Beyond the reverse of the Shield cent, he has designed or engraved dozens of coins and medals for the U.S. Mint,
including the George Washington and Thomas Jefferson presidential dollar obverses and the Martha Washington First Spouse gold coin obverse. To read the
complete article, see: www.coinweek.com/video-news/coinweek-iq-u-s-mint-medallic-sculptor-joseph-menna-talks-modern-coin-design-4k-video/ Canada is
doing 5 ½ oz. silver bird coins that come in a music box that plays bird song. Now, that’s for the birds! Boystown coins are out: $21-25 for clad .50, $47-52 for
silver dollar, and gold 8.359 grams about $400.The US mint had a 22.7% drop in sales for collector coins and 11.9% drop in silver eagles, selling at about twice
bullion value. I got John Frost’s DVD on the CC double dime die discovery as well as the Saddle Ridge, Lincoln in Numismatics, and US original coinage 1793-
1796 DVDs. Coming soon to an Reno Coin Club meeting near you.