Tuesday, 27th of March 7 PM (4th Tuesdays now)
Denny’s,205 Nugget Ave.(at East McCarran), Sparks
March 27 Coins of Georgia David Elliott
March 30 At the Museum
April 24 Unity: National Coins Week
April 27, 28 At the Museum: National Coin Week
May 24 Error Coins Dan Trimble
June 26 Favorite Coin and Bourse
The Last Meeting
28 members got to see Doug Larson’s collection of medal of honor winners and presidential medals. The mint will be making presidential medals on silver
eagle planchettes over the next 11 years, which will be available on demand. All the armed forces, including the air and army National Guard are also to
get on demand silver and bronze medals. Great idea. Designs are underway. We are working on a coin design commemorating Eva Adams, mint director on
one side and moon landing on other. It’s 50th anniversary of both. Ken Hopple is going to present possible moon landing designs at next board meeting. Our new coin
won’t be minted in Carson as they have gone to .50 size. The museum coin press is running, Laurel and I had a good time. We will be there last Friday of the
month from now on. Please join us. Got Painted Rock .25 and Jim Thorpe $1. Flu set be back a couple of weeks, ended up in hospital. Significant illness seems to
wipe my short term memory, so I know I’m missing stuff. Thanks to Laurel and Rusty for filling in. I missed Laurel's George Washington pie. Robert got his 1792
half disme whacked by cyclotron, awaiting results. 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 or topics you would like to see: 815-8625 firstname.lastname@example.org
Early Bird Prize was Jim Thorpe $1 set won by Jeff Allen and 2017 S .25 sets & Pictured .25 here. Hope to have $1
Milton Angel won Laurel’s George Washington’s cherry pie.
Raffle prizes winners were:
Dan Trebke: 1960 proof set, 3 2018 .25 set, Presidential $1 album
Gerhard Dohne: 1993 proof set
Dan Waterman: 1979 proof set
Bart Daniels: 1988 mint set, S .25 set, mint bag
Faye Allen: 1944 Merc.10
Joe Wozniak: GW cherry pie, 1997 mint set
David Loder: 2009 .01 set, 1980 mint set
Rick De Avila: Jim Thorpe $1 set
Ed Scott: presidential $1 set
Jeff Allen: 5g silver bar
Milton Angel: Canadian .50, 1900 Indian .01
Cole Allen: 1909 Barber .25, bronze medal
Rick DeAvila: Roosevelt silver .10
Philip Shallit: chocolate coins
Milton Angel WON the quarter pot.
I WANT TO THANK EVERYONE WHO DONATES TO THE RAFFLE!
Upcoming Coin Shows
March 30, 31 Sacramento Coin Show, Lion’s Gate Hotel, 3410 Westover St., Admit:$3, Tables:66, Peter McIntosh, 916 317-9055 email@example.com
April 6-8 West’s Token Jamboree, Mother Load Shopping Center, Jackson, CA, Admit:?, Tables: 25, Merle Avila, 707 585-3711 firstname.lastname@example.org
April 20-22 Santa Clara Coin, Stamps, etc. Show, Convention Center, 5001 Great America Parkway, Admit:$6, Tables: 79, Scott Griffin, 415 601-8661
May 6 Vallejo Coin Show, Florence Douglas Senior Center, 333 Amador, Admit: FREE, Tables: 40+, Ed, 707 642-8754 email@example.com www.
May 4, 5 Sacramento Coin Show, Four Points Sheraton Hotel, 4900 Duckhorn Dr., Admit: $3, Tables: 50, Bob Shanks, 916 204-5168 Robert.Shanks@att.net
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: Paper Money
Paper money or banknotes is a collecting area of increasing popularity as the vividness of designs and variety of topics has grown. After all you can put anything on
a piece of paper. Paper money has been reluctantly accepted as currency since the money has no intrinsic value and is often considered fiat money, contributing to
inflation. Germany, Russia, Turkey, and recently Venezuela and several African nations have had to issue notes in the hundreds of billions of the local dollars as
inflation ravished their countries. Run away inflation is largely from failed attempts to impose socialism through expropriating other people’s wealth, which quickly
runs out. (Russian 100,000 ruble 1919 civil war note, Venezuela’s 2017 100,000 bolivars note, and the 100 trillion dollar note of Zimbabwe 2008.)
The first paper banknotes appeared in China about 806 AD for letters of credit transferred over large distances. The first real use of a paper money system was for
about 300 years of a 400 year period between 1050 and 1450 when the Mongols ruled China. Marco Polo noted its use. The Bank of England began issuing notes in
1694, following the practice of goldsmiths and local banks, who issued letters of credit backed by gold or silver. Paper currency was adopted throughout Europe and
the US in the 17th century. In desperation and needing to fund the new war with the French Colonies in Canada, an impoverished England first authorized the
Massachusetts Bay Colony to print bills of credit in 1690. Gradually in pre-revolutionary America, each colony began to print its own form of currency. The first was
issued by Rhode Island in 1710 with the other Colonies following suit up to the Revolutionary War. (13th c, Chinese note, 1770 Maryland dollar, a 1775 Continental)
To finance the American Revolution, and because the Colonies were powerless to tax, the Continental Congress authorized the first actual American Currency on May
10, 1775.Not having bullion backing and easily counterfeited, Continental notes were worth only 2 1/2 cents to the dollar by 1780. Thus began the phrase, not worth
a Continental. By 1836, banks in the United States had swollen to over 1,600 in number. With scant regulation, these state-charted, private banks ran wild issuing over
10,000 different varieties of banknotes. When the banks failed, the paper money became worthless and was called obsolete bank notes. The banknotes often traded at
a fraction of their face value, making coins the preferred currency.
During the Civil War, both the North as well as the South developed their own currency. Ripped apart by war and teetering on bankruptcy, Congress ordered the
printing of a number of notes. These notes were commonly called horse blankets because of their large size. Fractional notes from 3 cents on up were also issued by
the Federal government. In 1863 there still was a problem in stabilizing the value of our currency. Since over 75 percent of all bank deposits were held by nationally
charted banks, national banknotes backed by U.S. government securities came into being. This lasted until 1928. (US and Confederate notes with a $10 Lincoln and
$50 Jefferson Davis.)
To create greater confidence in our currency, gold certificates were issued against U.S. gold holdings by the Department of the Treasury from 1865 until 1922.
Beginning in 1878 and continuing through seven series, Large Size Silver Certificates stayed in circulation until 1923 with the smaller size remaining until this day. The
Government stopped redeeming them for silver bullion on June 24, 1968. Starting with the reduction in currency size in 1929, the US Government has minted over
1,200 issues of currency - Legal Tender Notes; Silver Certificates; National Bank Notes; Federal Reserve Notes; World War II Emergency Notes; Gold Certificates;
and Military Payment Certificates. Many of these varieties are being printed yet today. In 1990 new notes were introduced to improve security and stay ahead of
counterfeiters and advances in technology which make it easier to reproduce currency. These notes include micro-printing and an embedded security strip.
There’s a nice collection of US currency on the web by the Federal Reserve in San Francisco at http://www.frbsf.org/currency/index.html Foreign countries are
making notes out of plastic or paper and polymer mixes with watermarks, microprinting, new textures, foils, and more vivid colors trying to keep a step ahead of the
counterfeiters. Collecting foreign banknotes is a fun and cheap way to get involved in currency collecting. I have added Russian Civil War notes to my Russian coin
collecting and try to get notes from WWII and the Iron Curtain with a note representing the free, occupied, and liberated country. Many Greek and Cyprus notes
have ancient coins or archaeological sites on them.
Numismatically yours, David Elliott
Russell Doughty’s Top Die Varieties of Flying Eagle and Indian Cents contains over 160 pages of full color images of the best varieties in the Flying Eagle and
Indian Head Cent series. It discusses how dies were made, what die varieties are, details about the designs, and collecting strategies. Costs $29.95 free shipping.
www.indianvarieties.com Northwest Territorial Mint of Dayton is selling off its die collection of some 400,000 dies for millions of dollars. Q. David Bowers is
getting ready to sell off his Civil War token collection. See The Ship of Gold exhibit from the SS Central America, a big hit at Long Beach. https://www.youtube.
com/watch?v=CAQh1eMQdUE The 2018 silver proof set will be $50 or special reverse proof for $55. Regular comes out April 24 and reverse proof “this
summer.” NGC launched a comprehensive Counterfeit Detection portal, which can be accessed for free at NGCcoin.com/counterfeit. It features the 50 US
coins, 25 Chinese coins and 25 world collector coins most commonly targeted by counterfeiters, according to submissions to NGC. Each of these coins has on its
own page comprehensive information including high-resolution images, the type of counterfeits typically seen, detection tips and other helpful details. They have also
certified their 40 millionth coin. Favorite dumb criminal of the month is an Algerian stuffing some 300 500 euro notes in h is anal cavity to avoid detection on trip
to Turkey to buy gold and found he was unable to retrieve them. He was rushed to hospital and arrested after surgery. I don’t have a punch line,. Do I need one?
2018 Winter Olympic medals are especially ugly, just a series of scratches to represent “diversity” even though they are all the same. Huh? Canada has animals,
30 anniversary of silver maple leaf, Chinese year of dog, fossils, Star Trek, Vikings, crystals, Murano glass caterpillar, and a curved baseball coin, Wonder where they
got that idea?
WWI service coin sets ship in May, sold about two-thirds of 100,000 coins and stopped sales, The general commemorative has sold about a third and is still
available. Now costs 1.82 cents to make a penny and 6.6 cents to make a nickel. Mint is still about $400 million ahead on making circulating coins deal.
Germany won most innovative and best coin of the year honors and Canada won most inspirational with animals surrounding water drop with North America
inside. Austria got best gold coin with fox.
The pink gold $5, silver dollar, and clad half dollar breast cancer coin goes on sale March 15. About $40 for clad, $50 for silver, and $430 for the pink gold.
All coins have same design. Nice looking coin. Canadian counterfeiters are attaching the polymer windows and other security features from low
denominations notes to high value counterfeit notes successfully. Stack’s Bowers will auction one of the 17 mules of a quarter and Sacagawea dollar with
a Washington quarter obverse and Sacagawea reverse. Expected to sell for $30,000 or so.
Nice looking set for the 1 oz. .9995 fine platinum coin. Life is the first release in a three-year 2018-2020 Preamble to the Declaration of Independence Series that
celebrates the unalienable rights of Life, Liberty and the pursuit of Happiness. The dark-haired Liberty is seen before an East coast scene, Western scene with covered
wagon for Liberty and mid-west scene for happiness. Nice eagle too. 2019 will see a 100th anniversary medal for the American Legion. Win the lottery? How
about Perth Mint’s 10oz of 99.99% pure gold with a blooming paulownia tree. It also features a highly detailed 18ct pink gold Chinese phoenix set with 1.22ct
rare natural fancy coloured pink diamonds. About $150,000. Only 8 to be made.