Tuesday, 25th of October 7 PM (4th Tuesdays now)
Denny’s,205 Nugget Ave.(at East McCarran), Sparks
October 25 Happy Birthday Nevada Rusty King
October 28-29 Dollar Exchange at NV State Museum. Press is running, It’s the 75th anniversary of the Museum and NV Day!. Please join us.
November 22 Coins: The Beginning David Elliott
December 27 Minibourse, Nominations
January 23 Dinner, Election, and Movie
The Last Meeting
30 members chowed down and saw the Hal Dunn movie on the Carson Mint. The big news is the press is running and Ken and I will be there Friday and Saturday for Nevada Day.
Friday is the 75th anniversary of the mint as a museum and there will be lots of special activities: raffle, Mark Twain impersonator, cake, special medal and activities. Be there or be square.
I should have the Reagan cover and coin and chronicle set to bring. I would like to see the 5 ounce silver Theodore Roosevelt park if someone got it. Please bring me your club envelope as I
would like all four of the cancelled US Star Trek stamp. I have just a few Reagan dollars, no rolls, but still got Ford and Nixon dollars in rolls. Fort Moultrie park .25 is out Nov. 14, so
iffy if available for Nov club meeting. Will try. We will have board meetings before regular meeting and vigorously tell people to be quiet so we can conduct business. Contact me about
concerns, suggestions email@example.com or 815-8625. New member Charles Smith makes rings out of coins to order. See them 737-3314 or coinbender.com Considering a copper
coin club ring for myself.
Early Bird Prize was set of 2009mpennies won by Thomas Charleron Teddy Roosevelt Park, Reagan dollar, and Code Talkers are here. 2015 S sets made.
Raffle prizes winners were:
Ed Cranch: set 2004 colored .05 mystery box
Cole Allen: walking Liberty .50, filled Jefferson .05 album
Jeff Allen: standing liberty .25
Ken Hopple: chocolate coins, 2015S .25 set
Mary Long:2004mint set, 2000 mint set, park .25 set, 2 mint bags
Glenn Freuhan: 2014S .25 set, Indian coin key chain, Puerto Rico .25
Faye Allen: 1989 proof set
Bart Daniels: set 2 NA dollars
Milton Angel: Mercury .10
Ed Scott: RCC copper medal
David Elliott: 1982 proof .05
Joe Wozniak: Nixon PD dollar set, periodic table of coins
Gary Dahlke (not present) won the quarter pot.
I WANT TO THANK EVERYONE WHO DONATES TO THE RAFFLE!
Upcoming Coin Shows
Oct 28-29, Nevada Day at State Museum, 600 N. Carson St., Carson City, Admit: FREE, parade on Sat., coin press running, 75th anniversary of the museum on Friday with MArk Twain,
special coin minted, cake, special behind the scenes tours, raffle, and activities for kids, http://nevadaday.visitcarsoncity.com/
November 4-5, Sacramento Coin Show, Lions Gate Hotel, 3410 Westover St., Admit:$3,Tables:66, Peter McIntosh, 916 922-8041 firstname.lastname@example.org
November 5, Visalia Coin Club Show, Sons of Italy Hall, 4211 W. Goshen Ave, Admit: FREE, Tables:?, Leo D’Andrea, 559 738-8128 email@example.com
November 6, Peninsula Coin Club Show, Napredak Hall, 770 Montague Expressway, San Jose, Admit: FREE, Tables: 37, Fred van den Haak, 650 498-4158 firstname.lastname@example.org
November 11-12, Sunnyvale Coin Show, Domain Hotel, 1085 East El Camino Real Admit:$3, Tables: 34, Bill Green, 925 351-7605 email@example.com
November 19-20, Marin County Coin Show, 4 Points Sheraton Hotel, 1010 Northgate Dr.,San Rafael Admit:$4,Tables: 28, Scott Griffin, 415 601-8661 firstname.lastname@example.org
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
Not the Other Coin: The End of the Presidential Dollars
With the putative ending of the presidential dollar coin series with Ronald Reagan, I feel it is time to reflect on the series. The presidential coins began in 2007 with Presidents Washington,
Adams, Jefferson and Madison. Portraits of the presidents appear on the obverse with a common reverse design featuring the Statue of Liberty, which I thought was nice. From 2007 to 2011,
the coins were struck and released for general circulation. They were not generally accepted and put in storage and continued only for collectors from 2012-2016. For the first year of issue,
nearly one billion coins were produced for circulation across the four different designs and two minting facilities. As the coins failed to achieve widespread circulation, mintage levels fell for
subsequent years to about 40 million, due to the requirement for Federal Reserve Banks to make the coins available to financial institutions provides for a certain base level of demand. Finally, in
2012 the mintage levels dropped to around 20 million the minimum required to meet the demand from collectors under the authority of the Treasury Department. The Sacagawea dollar of the
same com-position was required to be minted with a different reverse design each year at the same rate of each presidential dollar and will continue to be produced.
I suppose my main problems with the coins was edge-incused inscriptions of the year, E PLURIBUS UNUM and the mint mark. The dates and mint marks were lost in capsules or
books and the lettering of years in office were too small to read. An interesting rare variety was created for many coins when the edge lettering was omitted or doubled, although I
never found one in the thousands of coins I handled. (See history of edge lettering on p.5) Even worse, the composition of 88.5% copper, 6% zinc, 3.5% manganese, 2% nickel is
unstable, tarnishes poorly and often spots.
Without the retiring of the dollar bill, the dollar coin will likely not be accepted. It’s another stalemate of Democrat/Republican interests as the ink and paper are made in Democrat
Massachusetts, and the metals are mostly found in Western Republican states. I have been hoping that increasing production of the $2 bill could pave the way for the dollar coin and
the elimination of the dollar bill. As I have traveled or talked to people while selling the coins, it appears the dollar coin is popular abroad, especially in Russia and the Sacagawea dollar
standard currency in Ecuador. NY, SF, and other major cities use them in the subways and buses, so they are in limited circulation.
Along with the presidential dollar, First Spouse gold coins and bronze medals were issued. One-half ounce 24-karat gold $10 coins with an obverse image of the first spouse and a
reverse image symbolic of that particular spouse's life and work. The 33mm bronze medals bear the same images as the gold 26.5mm coins and cost only $7 instead of around $700
as bullion prices fluctuate. If the president had more than one spouse while in office they were both commemorated and if they had no spouse the current image of Liberty on coins was
issued on the obverse with an original design on reverse. Some of the reverse designs are striking and show up better on the larger bronze coins.
Now, there is Legislation calling for a new series of $1 coins. The theme would be American innovation by individuals or groups from each state, the District of Columbia and U.S.
Territories issued alphabetically. Called for is a 14-year series starting in 2017 with four designs each year. A Liberty design would appear on obverse and reverse designs would have
designs featuring a significant innovation, innovator or pioneer, or group of innovators or pioneers. No busts can be shown. I guess you need an innovation that would not
constitute advertising, so Lehr jet would be out, but square set timbering OK or Hoover dam? Not clear to me. The American Innovation $1 coins would have the same
composition as the Presidential dollars. Native American dollars will continue to be struck, so I do not see the need for another series. The legislation states that if it is not feasible to
begin this series in 2017, the Treasury may issue Presidential dollars at its discretion. If passed, we might see the Presidential series finished by the inclusion of the living ex-Presidents, I
Numismatically yours, David Elliott
Leon Wimbley dropped me a link to an article of a find of four 4th century AD Roman bronze coins found in the ruins of the 12th century Japanese castle. This is the first time Roman
coins have been found in Japan. Canada is sticking glass beads on everything, here Murano glass on their Christmas coin and the Perth Mint has begun Star Wars coins for those
who are stuck on the inferior outer space franchise. About $90 for 1 oz. silver. Paul Gilkes of Coin World has a nice history of edge lettering on US coins. In 1992 the first edge
lettering was by the Denver Mint, which struck the Olympic Baseball dollar first with a reeded edge, then added incuse edge lettering over the reeded edge without crushing the reed
details. In 2007, first with the Presidential dollars, and two years later with the Native American dollars, Mint technicians were tasked with having to produce the means to execute
edge lettering. The first year’s production of dollars became a learning curve, since the edge inscriptions weren’t applied during production of circulation strikes, but after, on equipment
separate from the coinage presses. The process was flawed, as thousands of coins escaped application of the edge devices or passed through the final step more than once, creating
oodles of error coins for collectors to locate. It wasn’t until 2008 that the final step was integrated into the end of the production line with the coinage presses. To watch a video on the
process, see: www.coinworld.com/videos/2016/10/monday-morning-brief-oct-3-2016.html
ANA has inaugurated Treasures in Your Pocket, an introduction to varieties and error coins that is nice, but not kid friendly. https://www.money.org/pocket-treasures
Some of the winners of the Coin Constellation held in Russia were: Armenia, commemorating the 1915 genocide by Turkey won best of show, and Cook Island won people’s
choice for their celebration of Murano glass, and for technology depicting a planet bending space with a very unusual shape. The other winners will be on-line. Below is LAtvia for most
unique coin, Lithuania for best souvenir, Russia for best series "preserving our world," Netherlands best classic coin, Portugal best silver coin, Italy best gold coin, The 30th
anniversary proof W silver eagle is selling well. One is included in the Reagan Chronicles set, since he authorized the coin.
I have to include the latest Star Trek 2 oz. coin from Perth for about $160 with the whole crew and boxed in a communicator. They also have a dingo coin in the shape of Australia.
Stack’s Bowers Galleries will offer the Cabarrus Collection of Confederate paper money in their Official Currency Auction this November 2-4.