October, 2000
Year 7, Issue 10

Award Winning Newsletter
Meeting 7:30pm, Wednesday, October 4
Talk and trading 7:00-7:30pm
VFW, 1601 Weld Road, Elgin, IL
815-786-6779
Not a member? Come and join us anyway!

October Meeting

A coin quiz with prizes. After the quiz we're asking that you provide for the rest of the program an expanded Show and Tell. Especially you, who seldom do so. Bring in something to share with your fellow collectors---it's your turn.

October Prizes


September Minutes

ECC Meeting 513 - September 6, 2000

President Doug Nelson called the meeting to order at 7:41.

Secretary's Report

As printed in August's newsletter and was accepted.

Treasurer's Report

Balance: $307.80

The Treasurer report was accepted.

Old Business

There was none.

New Business

Donations for the Rovelstad bronze statue have reached $350,000. Almost the total amount needed to build the statue.

Prizes

After the auction, we had our customary raffle and membership drawings.

The raffle winners were Joe M., Bruce, Jim D., Walter H., Reid G., and Marty K.

Member: Reid G.

YN: Alex and Mike C.

The meeting closed around 8:40 P.M.

Submitted by Frank S., Temporary Secretary.

Board Meeting

Doug, Jim, Don, and Mike got together at Don's Wednesday night Sept 20 at 7 PM for the monthly board meeting of the Elgin Coin Club. Among other things, we discussed and decided on the following items.

I reported that I removed Marty K's last name from all locations I could find on the Internet. I apologize for last names being there because it has been my policy since around '95 not to include full last names in the Newsletter. I also reported that I am willing to search for and remove the last names of anyone else concerned. Just let me know at the meeting and I'll do it immediately. I did remove the last names of several from the lists of names of show raffle ticket sellers. For some reason I had included full names two years in a row for those lists. So let me know if you want to search your name out.

Jim wants to remind all YNs that this year's challenge it running out of time. You have only three more months to bring in your completed set of circulated clad quarters--1965 to date including any issued statehood quarters. You get to keep your set. You only have to show it to Jim to show that you have finished it. The prize for this is an MS-63 certified silver dollar.

The auction sold around $330 for the members. Thanks much for your participation. We had some problems concerning the collection and distribution of the auction moneys this time. We all were not following the published rules of paying at the end and receiving your payments after the buyers paid.

There was more chaos than we would like this time around and we (Don and I) are as much to blame for allowing it to happen. Money was changing hands in various directions and we could/did not keep track of it all. As a result, as close as we can calculate it, the club came up around $12 to $14 short.

That being said, we can live with it this time. But we have to ask you all to follow the auction rules more closely in the future by waiting until the end of the auction and then first pay for what you bought and then collect any moneys you have coming. In other words, if you are going to take part in the auction, you must wait until the end of the auction to pay and receive payment. If you want to transact something before the end of the auction and exchange money before the end, you must remove the item from the auction before it is auctioned and conduct your business in a private transaction. We cannot allow any direct payments to sellers for items already sold in the auction--if it's sold in the auction, payment must go through the club. -- We can make this work, we just have to have more order than we had this month. Thanks for your understanding.

We agreed to the following prizes for October as listed on page 1.

I'll see you all in November. In the meantime, it's off to sunny Sicily!

In the absence of a secretary, submitted by board member Mike Metras

For those of you who have Internet access, here are the sites for Country Mints:

Show and Tell

None due to the auction.

Newsletter Trivia Quiz

  1. What two countries are the most profuse paper money issuers?
  2. Who patented the goloid dollar?
  3. What two types of 1834 $5 gold pieces have Crosslet 4s and Plain 4s?
  4. For what U.S. coin is the number of "steps" a factor in value?
  5. Which two men appearing on modern Federal Reserve notes died of gunshots?
(
Answers)

Coins from the AD-AE Collection

By Donald H. Dool

The first article in this series was back in February so I am certain that you have all been anxiously waiting for this one. In the second article of this series we will continue with coins from the various Portuguese colonies in the sequence by the date when the Portuguese first made their presence known in the area. The coins in this issue trace the Portuguese advancement southward along the West Coast of Africa and then around Cape Hope to the East Coast.

Leading off we have a 1933 dated, 20 centavos from Portuguese Guinea listed as KM3.

This area was discovered and claimed by Nuno Tristao in 1446. Trade rights in the area were granted to the Cape Verde Islanders and the primary export of the colony was slaves to South America. From 1956 to 1974 the colony was engaged in guerrilla warfare that ended when the colony was granted independence. It is now the Republic of Guinea-Bissau. (Krause 794).

The obverse of the coin has a bust of Liberty facing left and the legend GUINE; the reverse has the value 20 CENTAVOS in the center surrounded by REPUBLICA PORTUGUESA with the date at the bottom.

Next is a 20 centavos dated 1930 from the Cape Verde Islands, KM3.

The Cape Verde Islands were claimed for Portugal by Diogo Gomes in May of 1460 and were first settled in 1462 the islands figured prominently in the slave trade until it was abolished in 1876. The islands became an independent republic in 1975. (Krause 287).

This coin is identical to the one from Portuguese Guinea except for CABO VERDE (Portuguese for Green Cape) in place of GUINÉ. Both of these coins have medal reverses.

Eklund does not list any coinage for either of these locations. I believe this is because his writings on Portuguese coins were prior to 1929 and the coins shown were issued later.

The third location is St. Thomas and Prince or in Portuguese, Sao Tome e Principe. Two coins will be shown from this location, an 80 reis, KM C1 and Ek 169, from 1813 and a 50 centavos, KM 17.1, of 1962. Joao de Santarem and Pedro de Escobar, two Portuguese navigators, discovered the islands in 1470. The first attempt at colonization in 1485 failed however a successful attempt was made in 1493 using exiled Jews and prisoners. The initial successful sugar trade was brought down by French and Dutch raids, a slave revolt in 1595 and finally by the rise of Brasil as the source of the worlds sugar. Its present economy is based on cocoa exports. The islands became an independent republic in 1975. (Krause 942).

The 80 reis is a crown sized coin with the legend JOANNES?D?G?PORT?ET?BRAS? PREGENS (John, Prince Regent of Portugal and Brasil) surrounding the value which is below a crown and above the date. The reverse has the legend PECUNIA TOTUM CIRCUMIT ORBEM (Money rules the World) surrounding a banded globe. The Rio mintmark, R, is on the band.

The second St. Thomas and Prince coin is a 50 centavos dated 1962, listed as KM 17.1. The obverse has the legend S?TOME?E?PRINCIPE and the date around a banded globe. There is a crown atop the globe and arms on the band. The reverse has the legend REPUBLICA PORTUGUESA with the value in the center.

The final coin of Portuguese Africa is the one escudo of Mozambique or Mocambique. Vasco de Gama explored Mozambique in 1498. Arab traders had already established a presence but after the Portuguese set up a trading post in 1505 the Arabs only lasted another five years. Like the rest of the Portuguese possessions in Africa the colony was subjected to guerrilla warfare and became independent in 1975. (Krause 841) The country has been in the news this year as a result of the mass flooding that occurred.

This coin is quite similar to the above except that it is larger, 26 cm. vs. 19 cm., the obverse has the legend MOCAMBIQUE in place of S?TOME?E?PRINCIPE and the reverse 1 ESCUDO rather than 50 CENTAVOS.

Works Cited:

* Eklund, O. P. "Copper Coins of Portugal." The Numismatist. Rpt. Salina, KS: Olympic Press.

* Krause, Chester L., and Mishler, Clifford. Standard Catalog of World Coins, 1801-1900. Ed. Colin R. Bruce II. Iola, WI: Krause, 1997.

* Standard Catalog of World Coins, 1901-Present. Ed. Colin R. Bruce II. Iola, WI: Krause, 1996.

* Reader's Digest Atlas of the World. Pleasantville, NY. 1987.

Newsletter Trivia Quiz Answers

  1. China and Mexico
  2. Wheeler H. Hubbell
  3. Classic Head and Capped Head
  4. Jefferson 5-cent piece
  5. Abraham Lincoln and Alexander Hamilton.

(Quiz questions)


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