Reno Cartwheel
September 2010

Next Meeting:
Tuesday, 7th of September 7:30 p.m.

Carrow’s Restaurant
605 N. Wells Avenue (Wells and 6th)
Reno, NV  

September
We are hoping Gene Hatori will present “Elko Gold.”

October
David Elliott Coins of Bulgaria.

November
Tentatively is Fred Holabird on Carson City coiner John Moffat

December
Minibourse–bring in you coins to sell and trade

At The Last Meeting
26 members were in attendance in August to discuss details of the upcoming coin show. Duke Morin has
almost half of the table sold Karen Sanguinetti, 857-4508, will be manning the ticket booth and need
svolunteers. David Elliott, 815-8626,  and Gerald Breedlove will man the club booth with free coins for
kids, sell raffle tickets, and sell the remaining club medals. Gerry and I would appreciate help as well.
Rusty King, 673-6745, has made up raffle tickets, and you may buy them or pick them up to sell to
friends. There will be raffle prizes for the sellers of tickets with a ticket for every 20 tickets sold. David
Elliott will have a hundred adds on KKFT 99.1FM and adds in the Big Nickle, Sparks Tribune, and Reno
Gazette Journal as well as all the event calendars and websites. Fliers to distribute will be available at the
next club meeting. Table set up for the show will be Friday October 29. Please come and help if you can.

Please let one of the board members know of a topic you would like to do or have presented. Someone in
the club knows all.

Early Bird Prize was won by Gerry Breedlove: a Susan B. Anthony set.

Raffle prizes winners were:
Ken Hopple: Vintage American coin set
Rusty King:1999 star note
David Elliott: ANA grading guide
Dan Trabke: Type set, 1982 proof ½ (
mystery box), Reagan medal, ancient coin, Hoover medal
Britanni: roll of shield pennies, bicentennial set
Travis: Mercury dime
Craig Chichester: wartime nickle set
Jerry Breedlove:WWII steel penny set
Wyatt: WWII penny set
Jack Gruhler: Harding Medal, McKinley medal, , 1982 variety set
Katie: American eagle holder, Israeli 1969 BU set
Mona: US monument coins
Keith Gregory: 1968 Israeli set, silver dollar holder
Rick De Avila: WWII coin set
Karen Sanguenetti: Redbook

I WANT TO THANK EVERYONE WHO DONATES TO THE RAFFLE!

Richard King (not present) won quarter pot
            Auctions
Larry Demangate donated a silver Nevada centennial medal, the first coin minted at the Nevada State
Museum. It sold for $50 (I missed buyer)








Upcoming Coin Shows

August 27-28
Carson City Mint Coin Show, Friday and Saturday, 8:30am-4:30pm, Nevada State Museum
Admission $8, under 17 and Museum members free
30 dealers, gold panning, kids activities
Contact Deborah 775/687-4810 ext.237 or dstevenson@nevadaculture.org

October 1-2
Sacramento Valley Coin Club Annual Fall Coin Show , the Dante Club, 2330 Fair Oaks Blvd.
David Herr, 530-885-9050, gcce@ips.net
October 9-10
Diablo Numismatic Society 14th Annual, Holiday Inn, 1050 Burnet Ave, off 680 in Concord. Bill Green
(925) 351-7605.

October 30-31
The Reno Coin Club Coin Show, Saturday 9-6 and Sunday 9-4 at the Holiday Inn, 55 Nugget Ave.  
Admission $2, under 12 free.  Call Duke Morin for more information 775 741-0960.

March 17-19
ANA National Money Show, Sacramento Convention Center

RCC Officers
Doug Larson…. President……843-0162
Karen Sanguinetti..Vice Pres...857-4508
Ralph Marrone..Treasurer.……882-6741
Shannon Holmes ..Secretary….827-4359
Dan Waterman….Director……747-4380
Ed Waselewski…Director……354-0287
Gerald Breedlove….Director...425-2967
Duke Morin……….Director…856-4935
Paul Williams…ANA Rep...…720-5395
David Elliott........Editor...........815-8625
datbbelliotts@prodigy.net  

The Other Coin: Coins of Syracuse
Syracuse was founded in 734 BC by Greek settlers from Corinth, who called it Sirako ("swamp"), and
for some time stood as the most powerful Greek city anywhere in the Mediterranean. In the 5th century
BC Syracuse came to be ruled by tyrants, who ruled until 211 BC, with some interruptions. In the late
5th century, Syracuse defeated Athens with the aid of a general from Sparta. Not long after, in the early
4th century BC, the tyrant Dionysius managed to fight a war against Carthage and keep that power from
capturing the whole of Sicily.
Perhaps the most famous Syracusan was the natural philosopher Archimedes. Among his many
inventions were various military engines including the claw of Archimedes, which could pluck and crush
entire ships and parabolic mirrors (Some think steam cannons that shot Greek Fire) that set rigging afire,
used to resist a Roman siege. The city held out for three years, but fell in 212 BC.
Syacusian coins are considered the most beautiful and artistic of coinage of the ancient Greeks. From the
beginning, the tetradrachms used for the reverse a man driving a quadirga, a four horse chariot. It is not
surprising that a didrachm is marked by two horses and a drachm by one. The reverses were at first the
normal incuse punch mark and was later followed by the portrait of Arethusa (Artemis) the river nymph
surrounded by four dolphins. Syracuse was a prime watering source for mariners and many streams
were looked on as a gift of the gods. The dolphins used on the tetradrachms are also a significant part of
the badges of Syracuse, a trading people so dependent on the sea. Nike flying over the chariot completes
the package.













Gelon (485-478 BC) was the general who masterminded the defeat of the Carthaginians and minted the
first coins.



AR drachma Arethusa/Octopus




Unlike the Athenians, the Syracusians experimented with the quality of the designs and raised their level
to high art. The coins were of such high quality that the engravers were respected in their communities
and allowed to sign their works. While little is known of the individuals, their names survive and
examples of their art are highly prized (and priced). It is assumed from their styles that Eumenes and
Soison began work around 425 BC. They were followed quickly by others: Euainetos, Phrygillos,
Eukleidas, and Kimon. The name of Eukleidas appears on some tetradrachms and people he might have
trained have given us lovely portraits of Arethusa.
Each of the tyrants minted coins, including Dion of Syracuse who invited Plato to teach his son
Dionysius II. Although only Hieron II (274-216) issued portrait coins, Athena, the octopus, pegasus and
many other Greek gods and animals grace Syracusean coins down to their defeat by the Romans in
212BC.        






                                            





.



Hieron II



Numismatically Yours, David Elliott

Mints No Longer Distribute Coins to Banks!

I am very upset and deeply regret that the mints are no longer distributing the new coins to the banks, so
we are unable to exchange the new quarters and dollars at face value. If there is enough interest, we will
continue to provide them at or near cost. Please write your Congressman and Senator, The Mint Director
and Treasury Secretary if this upsets you too.

Edmond C. Moy                                       Secretary Geithner
Director of the Mint                                  Department of the Treasury
United States Mint                                     1500 Pennsylvania Avenue, NW
Office of Public Affairs                              Washington, D.C. 20220
801 9th Street, NW                                                        
Washington, DC 20220-000
1     

Philadelphia Walkers: Strange Story

August 02, 2010 (abridged)
by Paul M. Green
This article was originally printed in the latest issue of Numismatic News.

Who doesn’t like the Walking Liberty half dollar design? The Saint-Gaudens design for the gold $20
might win the honor of being called the most beautiful coin of the United States, but the Walking Liberty
half dollar surely was the most beautiful coin design accessible to the average person. Only the Buffalo
nickel might dispute that title with the Walking Liberty half dollar.












It’s easy to make assumptions when it comes to Philadelphia coins especially during the first half of the
past century. As the main facility, the Philadelphia Mint would frequently turn out far higher mintages
than the other facilities. Moreover, as had been the case historically there was significant saving of new
issues in and around the Philadelphia area.
The message that Philadelphia would not always be the top producer of Walking Liberty half dollars is
immediately clear as when the Walking Liberty half dollar was introduced in 1916, the Philadelphia
mintage stood at just 608,000, which was well below the Denver total of 1,014,000 and just 100,000
coins higher than San Francisco.
To have the main facility produce significantly fewer coins than Denver and close to the San Francisco
total was highly unusual. The situation could at least in part be explained by the fact that Philadelphia in
1916 was a very busy place. After all, there were three new designs being introduced that year and that
was unusual as historically the dime, quarter and half dollar basically had the same design. The dime
because of its size did not have an eagle on the reverse but otherwise the three designs were the same.
That was changed in 1916. For the first time in history the three denominations would have very
different designs. Philadelphia not only had to produce its own coins but also prepare the designs and in
addition make and ship the dies for all denominations to the other facilities.
As it worked out, the A.A. Weinman Mercury dime was prepared first because there was more
commercial demand for dimes. The A.A. Weinman Walking Liberty half dollar was the second to be
prepared and the Hermon MacNeil Standing Liberty quarter was third. The fact that they barely
completed their work is seen in the fact that the first Standing Liberty quarter had a mintage of just
52,000 pieces and no 1916 quarters were produced at either Denver or San Francisco. This is probably
because there was no time to get the dies to the other mints and begin production before the year was
finished.
The 1916 Walking Liberty half dollar was an interesting coin. The assumption would be that being a new
design and coming from Philadelphia the 1916 would be heavily saved if for no other reason than as a
novelty, which produces a lot of saving when new coins are issued. There was almost certainly some of
that, but perhaps not as much as we might expect. There were, after all, three new designs that year and
a half dollar was a lot of money to many at the time.
Thanks to its low mintage, the 1916 Walking Liberty half dollar is actually a better date although it is not
one of the few dates topping $100 in G-4. It is, however, at $47 inG-4 and that is a premium price as
available dates are still at basically silver related prices of $7.40. In the case of a Mint State example, the
1916 by a narrow margin is the most available of the 1916 Walking Liberty half dollars with a price of
$345 in MS-60, which is just less than the 1916-D while an MS-65 is $1,950, which is also lower than
the 1916-D.
The pattern of lower half dollar mintages from Philadelphia seemed to change in 1917 and 1918 as the
1917 mintage was a record 12,292,000 pieces and the 1918 was large as well at 6,634,000. Those totals
make the two readily available especially in circulated grades where both are at basically common date
prices. The modest saving of new examples was to have an impact and we see that in the prices with the
1917 at $130 in MS-60 and $1,050 in MS-65. The 1918 is much tougher at $565 in MS-60 and $3,800 in
MS-65.
After a couple years of higher mintages, the Philadelphia 1919 total dropped to just 962,000 pieces,
which once again was the lowest total for the three facilities. That makes the 1919 a better date at $26 in
G-4. In Mint State all 1919 Walking Liberty half dollars are in short supply with an MS-60 price of
$1,325 and an MS-65 listing of $7,750 with the grading service totals again showing very low numbers.  
In 1920 the mintage in Philadelphia returned to higher levels with a production of 6,372,000, making the
1920 a more available date at just $9.7 in G-4 while an MS-60 is $330 and an MS-65 at $5,250. The
1921-S proved to be the top mintage date of the year at 548,000, which in a normal year would have
been low. The 1921-D was    the lowest mintage date of the three at 208,000 while the Philadelphia 1921
half dollar was not much higher at 246,000. Those totals made the 1921 and 1921-D the key circulated
Walking Liberty half dollars with the Philadelphia 1921 ranking as the second most expensive Walking
Liberty half dollar in G-4 at $165 while the 1921-D is $310 in the same grade. In Mint State the 1921 is
also a very difficult date with an MS-60 price of $4,500 and an MS-65 at $19,500.
The only other half dollar mintages for the rest of the 1920s would be from Denver and San Francisco,
and the Denver total was also extremely low as it produced just over 1 million pieces in 1929, but no
others. Philadelphia was once again unusual in that it continued its string of no half dollar mintages from
1922 until 1934. The San Francisco mintages while more frequent were also not regular and not very
large as none would reach more than 2.5 million coins. The mintages in the 1930s would range from
about 12 million in 1936 to 4 million in 1938, so none can be called unusually large. The higher mintages
result in lower prices. An MS-65 1934 is $565, a 1935 is $365, the top mintage 1936 is $265, the 1937 is
$285, the 1938, the lowest mintage date of the group, is $460 and the 1939 and 1940 would be $210 and
$185, respectively.
From the period of no production Philadelphia would go to the opposite extreme with the start of World
War II. The war years would see extremely large half dollar mintages with the peak coming in 1943
when 53,190,000 were produced. That said, almost any Philadelphia Walking Liberty half dollar date
from the 1940s can be found for roughly $150 to $200, making them the least costly MS-65 Walking
Liberty half dollars and perfect candidates for type collections. It is easy to acquire an MS-60 from the
1941-1947 period as all are safely under $50. With the 1947 mintage the Philadelphia Walking Liberty half
dollar production would come to an end.
Athena/ 2 dolphins
Arethusa/ dolphin over scallop