Reno Cartwheel
September 2012

Next Meeting:

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

September Ice-cream Social & ANA Movie  “California Gold Coins”
A Carrow’s sundae or other treat and ANA movie.

October  US Mint Medals
Bring your favorite medal from the US mint to share.

November  Presidential Inaugural Medals
Doug Larson will bring his medals to share. Please bring yours if you have some.

December  Mini-Bourse
Bring your duplicates and extra coins to sell or trade. The new dollars and quarters will be available.








At The Last Meeting
27  members were in attendance for Ken Hopple’s presentation of the history of coin press #1 and several example of coins minted on the
press. At the Coin Show he minted a new silver coin of the USS Nevada submarine–very nice. We got one paid up new member, and
several old and new members said they would be coming. Hundreds of  people were in attendance with 22 dealers including a very inter-
esting error coin dealer. A new dealer GOLDMART in CC is hiring telemarketers and wants an e-bay sales coordinator, call if you’re
interested 775 461-2910 ext. 1 or e-mail: nick@goldmart.com  Only 2 silver left of  25th anniversary medal and less than ten each of the
others. Come and get them before they’re gone.  I ordered the Acadia S quarter Benjamin Harr-ison dollar and Hawaii PD, but as usual
they are delayedt, “released” in August, but not shipping until September. I still have P & D rolls of  Cleveland would like to trade 2 of
them for 2 Chester Arthur’s.

Early Bird Prize was 1957 MS66 nickel won by Phillip Shallit.

Raffle prizes winners were:
Ken Hopple: 1982 proof set
Bill Gregory: 2 Andrew Johnson presidential $1, 1972 mint set
Bart Daniels: 2 gold plated state quarters, 1971 Ike, 2 1999 Susan B. dollars
Troy Young: 2 2012 NA $1, roll of wheat pennies
Rusty King: 2 Garfield $1
David Elliott: Coin Clinic book, Blue 20th century type set album, Mercury dime book
Ed Lifur: 1950D half, 1981S half
Quint Aninao: 1943 steel penny
Thomas Charleton: 1903 nickel
Ron Jahn: Coin Club Medal and 2 wooden nickels
Jeff Allen: Mexican mint set
Garret Allen: 2 Peru coins
Jack Gruhler: Zodiac copper medal
Larry Demangate: Krause 19th C. World Coin Book  
Mystery box: was there, but not noted
Auctions
Jeff Allen won a fine 1936S walking liberty half for $13.50 donated by Larry Demangate.
Jeff Allen won a a cleaned and tooled 1884 Morgan for $22.
Quarter Pot
Doug MacDonald won the quarter pot,  he was not there to collect.

I WANT TO THANK EVERYONE WHO DONATES TO THE RAFFLE!

Upcoming Coin Shows

September 16 Livermore Valley Coin Show,10-4 Elk’s Lodge, 940 Larkspur. Info: Steve Kramer, 925 422-3794. PO Box 610,
Livermore, CA 94551

September 29 Coin Collectors Retreat, 10-4:30
Vallejo, Heritage Theater, 734 Marin Street, Topics: SF Mint, Ancient can be fun, the color of Money, Tales of Gold. Info: www.
solanocoinclub.com, 707 246-6327, EMPORI@juno.com

October 5-6 Sacramento Valley Coin Club Show 10-6 Fri, 10-4 Sat. Elk’s Lodge #6, 6446 Riversid eBlvd. Admission is $2. Free for
under 18. Door prizes. Info: www.sacvalcc.org

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 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.  

Not the Other Coin:  California Gold Coins

Club members voted most for one of the ANA films on California gold coins. California gold coinage was produced from the early 1850s
until 1882. In the early period, from roughly 1852 through 1856, the coins were made for actual use due to a lack of familiar small
denomination currency in the California gold fields. This shortage eased around 1856 and the gold coins made in the later period appear to
have been intended only as souvenirs. They generally show little circulation wear and contain less gold than would be expected from their
face value. California gold was made in denominations of $1, 50 cents, and 25 cents. As a result, the coins were quite small. Some are
round, others octagonal. They were issued by private businesses, usually jewelers, and were often hand-struck. There is an on-line
catalog of the coins at  www.calgoldonline.com PCGS now includes California gold coins in their pricing guide www.pcgs.com/prices of
some 450 varieties.






























California gold coins were some of the private gold coins made by private companies for circulation within the United States of America.
Until 1864 the only restrictions on non-US mint manufacturing of coins was that they had to be silver or gold to be legal tender and they
could not be made by a state government. Of course, private coins were expected to have the correct weight of their denomination.
Unfortunately, some of the coins were significantly under weight, and complaints about this precipitated the law of 1864 which made
private coinage illegal. The 1864 law make it illegal to privately manufacturer coins which resemble federal issue coins.
Small denomination coins range from $0.25 to $1 face value. Large denomination coins range from $1 to $50 face value. The distinction
between large vs small denomination on $1 pieces is based on the manufacturer: if the manufacturer only made coins of $1 or less then
the pieces are "small denomination" and if the manufacturer only made coins of $1 or more, then the pieces are "large denomination." No
manufacturers are known to have made both large and small denomination coins. Unlike large denomination coins, the small denomination
coins typically contain about 60% of the correct amount of metal. Large denomination coins were made in Georgia (they had a gold rush
in 1830), California, Utah (made from California gold), Oregon, and Colorado (gold rush in 1860). Some gold ingots also exist with a
value stamped on them, and these can be larger than $50. All gold ingots were individually weighed and are unique; authenticating such a
piece is very difficult. Maybe a few dozen ingots survive today, plus the very large hoard recovered from the US mailship Central
America.






























  
Numismatic Potpourri

The third of a 1973S Ike dollar struck on a copper-nickel clad planchette has surfaced. Rather than being stuck on the silver proof
planchettes the coins were struck on the circulation planchettes. The first found by a collector was bought by a dealer for about $1000,
30 years ago. Two recent finds were bought for face value and about $1500. All were found in circulation. Estimated in value between
$5000-10,000 and there is likely to be a few more out there.



























Odyssey Marine Exploration raised approximately 48 tons of silver bars from the sunken British-flagged SS Gairsoppa from three miles
below the surface of the ocean. At such a deep depth, recovery of the cargo was impossible until now. Under a contract with the UK
Department for Transport, Odyssey agreed to cover the cost of search and salvage operations in return for 80% of the net value of the
Gairsoppa silver cargo. Odyssey estimates that the 48 tons of silver bars accounts for about 20% of the total silver cargo, and it will
continue salvage operations later this year. The current haul consists of 1,203 silver bars for an approximate 1.4 million troy ounces. SS
Gairsoppa was on its way back to England from Calcutta, India when it was torpedoed by a German U-Boat in 1941. It was a 412-foot
steel-hulled merchant ship owned by the British India Steam Navigation Company.













Officials at the Smithsonian Institution’s National Museum of American History hope to raise within the next sixth months the final
$300,000 toward the $1.5 million goal to establish a permanent numismatic gallery. The exhibition gallery will be twice the size of the
current gallery. The museum is home to the National Numismatic Collection, which holds more than 1 million coins, medals and other
numismatic artifacts from around the world. Only a small fraction of the collection is currently on public display as part of the temporary
“Stories on Money” exhibit in a 500-square-foot nook in the museum’s East Wing. The current exhibit will remain on display until at least
the spring of 2015 when the permanent numismatic gallery is reopened as part of the museum’s extensive renovations. The new exhibit
will be situated in a more than 1,000-square foot area on the first floor of the museum’s West Wing.
























.
For the second time in less than a month, a 1992 Lincoln cent has brought more than $20,000 at public auction. A Philadelphia Mint
example of a 1992 Lincoln, Close AM cent sold for $24,056.53 in an auction on eBay closing July 30. That auction closed less than three
weeks after a similarly spectacular transaction for a 1992-D Lincoln, Close AM cent, struck at the Denver Mint. That piece sold for
$20,700 in Heritage Auctions’ July 12 to 13 sale held during the Florida United Numismatists summer convention in Orlando. Both coins
were struck with a reverse design of a type adopted for circulation strikes in 1993, but used prematurely to strike small numbers of cents
at the Denver and Philadelphia Mints in 1992, making the 1992 cents transitional designs. The differences between the two designs are
minute but recognizable under moderate magnification. The primary differences are in the spacing of the letters A and M in AMERICA,
which is tighter on the Close AM design than it is on the Wide AM design, and in the shapes of designer Frank Gasparro’s FG initials.


























Finally, the 1873 no arrows CC dime sold to an anonymous buyer for $1.84 as part of the Battle Born Collection, making it the most
expensive dime ever sold at auction. Lets hope he or she is going to donate it to the museum someday.

Numismatically yours, David Elliott
Acadia    P or D .50
Cleveland   D or P $1.25 or $30 a roll
Puerto Rico, Chaco  S mint .50
S