Reno Cartwheel
September 2011

Next Meeting:

Tuesday, 6th of September 7:30 PM
Carrow’s Restaurant
605 N. Wells Avenue (Wells and 6th), Reno, NV  

September Ice Cream Social
Movie to be announced. Suggestions welcomed.

October Dimple Morgan Dollars

November Happy Birthday Nevada
Rusty King, Coins and Medal  of Nevada

December Mini-bourse
Bring coins to trade and sell.

January Large Cents
Dan Waterman presents large cents.

At The Last Meeting
30 members were in attendance for Paul’s William’s presentation of gold and gold coins. He brought a number of
coins and discussed the volatility of the gold markets as commodities prices increased as the dollar and other currencies
decreased. The government’s devaluation of the dollar as increased the prices of gold, oil and othe commodities. Silver
with gold over $1600 (Now over $1800) is not likely to be as good as an investment as silver, which is under valued
right now.

 Early Bird Prize was a 2005 Jefferson nickel first day cover won by Katie Gregory.

Raffle prizes winners were:
Katie Gregory: copy of Alexander the Great coin, 2 buffalo nickels, Holabird coin book
Ed Scott: 2000 proof quarter,
Bart Daniels: roll of Canadian nickels
William Gregory: copy of Mark Anthony denarius
David Elliott copy Lysimachos coin, Holabird DVD
Ken Hopple: 2000 US mint set
Keith Gregory: MS 68 Connecticut quarter
Britney Gruhler: 1972S proof penny
Jack Gruhler: 1868 shield nickel
Bill Signer: 1979S proof penny
Ed Waselewski: World Paper money book
Whyett Ivan: Type I gold dollar book
Beiana Baldridge: ancient coin
Rick de Avila: Roll of Australian pennies
Art Bonnel: Krause world coins book
Dan Waterman: Krause world Coins book
Larry Demangate1952 quarter


Larry Demangate donated a 1917 half and a Canadian loonie, both silver coins won by Rick de Avila for $29.

Keith Gregory won the
quarter pot of about $15.

Fred Holabird wanted to remind everyone that the club’s large library is house by him at 3555 Airway
Drive #308 (around back as Holabird Americana). Call ahead 852-8822. He donated Coins of the Comstock to all

Upcoming Coin Shows

August 26-27 Carson Mint Coin Show
Nevada State Museum, 600 N. Carson Street Admission $8 adults, children under 17 free. Info: Deborah (775) 687-
4810 ext. 237 or

September 10, Merced Gateway Coin Club Show
Merced Senior Center, 755 West 15th St. Info: Bill Brooks (209) 723-1535

September 18, Livermore Valley Coin Club Show
Elks Lodge, 940 Larkspur. Info: Steve Kramer (925) 422-3794

Sept.30-Oct.1 Sacramento Valley Coin Club Show
The Dante Club, 2330 Fair Oaks Blvd. Info: David Herr 530-885-9050 Admission $2, 17 and under free.

RCC Officers

David Elliott…. President….…815-8625
Rusty King..Vice President...... 673-6745
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
Paul Williams….Director…....720-5395
Paul Williams….ANA Rep.....720-5395
David Elliott........Editor...........815-8625,

The RCC Board meets the third Tuesday of the month at Carrow’s at 7:30PM. Everyone is invited to attend.
The Other Coin: LRBs, Late Roman Bronzes
Late Roman Bronzes (LRB) are the most affordable way to collect Roman coins. In bulk they can still be purchased
for under a dollar and xfine examples can be had for $10 or less. There are some 187 designs of almost 60 different
emperor’s and their relatives. The coins and cheap and plentiful as they wee minted at more than a dozen mints from
England to Antioch and Alexandria.. Coins are being dug up by metal detectorists, often in hoards of thousands.

LRB began as part of Diocletian’s (284-305) monetary reforms. Diocletian divided the Roman empire into the east and
west, placing an augustus and a caesar under him, who was designated the augustus’ successor. This was to end the
wars of succession, plaguing Rome for almost a hundred years and better distribute the army to oppose the
Persian/Parthians in the East and Celts/Germans in the North. His monetary reform was to replace the denarius, now
debased to 3% silver or less with bronze coins ranging from 8mm to over 24mm with at first the largest being a follis
and half follis as well as presumably a quarter follis, which either was followed by an 1/8 follis or the quarter follis just
continued to shrink with ongoing inflation. Diocletian continued the gold aureus and the new silver argentus with
renewed purity. Sound money improved the economy unlike his failed wage and price controls.

                             Diocletian follis with Moneta (Money) hold scales and cornucopia.

The monetary reforms worked although a silver wash was placed on the bronze coins, and Constantine replace the
aureus with the solidus and the argentus with the siliqua. The silver wash eventually disappeared (by wear and then
manufacture) and the gold and silver coins remained pure silver and gold. The political unity of the empire continued
after Constantine became augustus after his father’s death and put down the remaining augusti and caesars becoming
sole emperor, uniting the empire, but moving the capitol to Constantinople.
Constantinian coins include a wide variety of Constantine himself, including commemorative coins of Rome,
Constantinople, his mother, wife, children, a bridge, and memorial coins. He also minted memorial coins of Claudius II
and Maximinian to whom he claimed relationship.

Constantine: helmeted/ prisoners under a banner                             diademed/ Zeus and eagle with Nike

Veiled in death/hand of God raising him up,chariot                     Claudius II commemorative/seated on curule chair

      Some of the LRB’s are pricely either because they belong to a short-lived usurper or have a rare design or mint.
Constainte’s nephew Hanniballianus, made governor of the East, is such a coin rare on all counts and still costs a $100
dollars. A low mintage, brief ruling relative of Constantine. Euphrates is on the reverse.

Anastasius was last to mint LRB and reformed coinage in the Byzantine coinage with Greek letters as mint marks for
huge to tiny bronze coins from 40 to 1 nummi (41mm to 7mm). The last several roman rulers minted small bronze coins
as small as 7mm with a cross or monogram and ever cruder designs.

                   Theodosius II 408-450AD                              Anastasius 491-518AD

LRBs are a great way to start and collect ancient coins. They are still inexpensive and plentiful. There’s lots of
information on-line. I like : best.

Numismatically Yours, David Elliott

I will have the Olympic quarter and Rutherford B. Hayes dollar at the next meeting in September.

1933 Double Eagles Stolen!

PHILADELPHIA -- The U.S. government rightfully seized 10 of the world's most valuable gold coins from the family of
a Philadelphia jeweler, a federal jury ruled Wednesday. The government seized the 1933 "Double Eagle" coins after the
family of Israel Switt, a prominent jeweler in the 1930s, brought them to the U.S. Mint in 2005 for authentication. The
government, which claimed the coins had been stolen, filed a civil forfeiture lawsuit in 2009.
"The people of the United States have been vindicated," Assistant U.S. Attorney Jacqueline Romero said after the
verdict was read in Philadelphia. "This was government property that was stolen 70 years ago." The jury's verdict on the
forfeiture claim allows the government to keep the coins for now. U.S. District Judge Legrome Davis will decide
ownership at a later hearing.
The government minted almost $500,000 of the $20 coins in 1933, the year President Franklin D. Roosevelt took the U.
S. off the gold standard. None of that year's coins entered circulation and all were ordered to be melted, according to the
U.S. Mint. In 2002, a single Double Eagle sold for $7.59 million at auction.
Barry Berke, an attorney for the Langbord family, declined to comment on the verdict. Joan Langbord, Switt's
daughter, and her two sons sued in 2006 seeking to recover the coins, which were found in a family safe deposit box.
The family had given the gold coins to Daniel Shaver, chief counsel for the U.S. Mint. Officials concluded that the coins
were authentic and were government property, according to court records. Davis ruled in 2009 that the U.S. had
violated the Langbords' constitutional rights and should file a civil forfeiture lawsuit if it wanted to keep the coins.
The government has maintained that the coins, which are now kept at Fort Knox, Ky., were stolen. "Some of the
most prominent coin dealers in the nation in 1933 and 1934 were trying to get their hands on 1933 Double Eagles. They
just weren't available," Romero said. Switt was arrested for unlawfully possessing gold coins in 1934 and was
interviewed by the U.S. Secret Service about the 1933 Double Eagles multiple times before his death in 1990. He claimed
he had no more, the government said. The case is Langbord v. U.S. Department of Treasury, U.S. District Court,
Eastern District of Pennsylvania

Star Spangled Coin Designs Chosen
For the obverse of the gold $5 coin, the panel urged an allegorical design featuring the figure Lady Liberty holding the
15-starred U.S. flag over Baltimore’s Fort McHenry.For the reverse, the commission urged a combination of two
designs, with the phrase o say does that star spangled banner yet wave over a fluttering image of the flag and, taken
from another design, the placement of some of the required lettering, around the edge of the coin.For the obverse of the
silver dollar, the commission endorsed the image of the privateer Chasseur under full sail with the lettering war of 1812.
For the reverse, it urged an image of the billowing flag that inspired Key to write what in 1931 became the national
anthem of the United States.