March, 2001
Year 8, Issue 3

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

March Meeting

Membership Auction.

Please click here for the auction guidelines.

March Prizes


February Minutes

ECC Meeting 518 - February 7, 2000
Opened:  7:45     Beginning ballance:  $349.90
Closed:  8:55     Income:  $174.00
Members:  ?     Expenses:  $108.00
YNs:  ?     Ending ballance:  $415.90
Guests:  ?        

President Doug Nelson called the meeting to order at 7:45.

Secretary's Report

As printed in January's newsletter and was accepted.

Treasurer's Report

Balance: $415.90

The Treasurer report was accepted.

Old Business

None.

New Business

Mike had two items.

Pete had raffle tickets for the Will County Coin show for sale.

Jerry gave a very informative and interesting talk about the $1 bill and what the symbols mean (Click here to read the text of the article).

Prizes

At 8:45 we took a break to sell raffle tickets. The raffle winners were not recorded. The other prizes were:

Member: Don
YN: Alyssa

The meeting closed around 8:55 P.M.

Submitted by Steve H. Secretary.

Board Meeting

Doug, Jim, Don, and Mike got together at Don's Wednesday night Feb. 21st at 7 PM for the monthly board meeting of the Elgin Coin Club. Among other things, we discussed and decided on the following items.

We talked about, but did not decide on programs for up coming meetings. Please look at the separate sheet with the newsletter, answer it and give it to Mike or an officer at the next meeting.

We talked about having a wooden nickel or some other token give-away for the show this year. Nothing was decided. Please think about it and bring your ideas to the next meeting, so we can discuss it in more detail.

Help! Help! Help! We had a discussion about the number of the ECC coin show. Don called the last one (the one in 2000) the 39th and I think that is what was on the tickets. I thought we had lost count (dropping or skipping a number a few years back). When I got home I looked at back newsletters.

The 1991 Newsletter calls the show the 29th. The 1992 Newsletter calls it the 30th. The 1993 Newsletter doesn't mention the show. The 1994 Newsletter calls it the 33rd (it skips a year), 1995 and 1996 stay in this series with 34th and 35th. But then 1997 Newsletter calls it the 35th again and 1998 is 36th. 1999 and 2000 makes no mention of the number.

If the numbers used in years 1991, 1992, 1997, and 1998 are correct, the 2001 show should be number 39, not 40. Is some long-time member out there who can provide some good concrete documentation for what the correct number really is? And why, you may ask, all this over what number it is? Don mentioned that it would be nice to have some kind of commemorative token or what-have-you for the 40th show. If my short-term research is correct, the 2001 show will not be 40th, but the 39th.

Is there anyone out there who has access to an overhead projector or a projection TV or something like that that we could use for program presentations? We used to borrow one from a member who has moved on. With all our new members, maybe one of you has one you can borrow from your office or school for our meeting night when we need it. I ask because I have talked to two different people who would be willing to do a presentation if we had something they could use to project their material for all to see (they do not want to pass it around).

(Submitted by Mike M.)

Show and Tell

Don D. brought in two coins to show. The first one was a Three-Pfenning piece, which is the only copper coin dated AD (354) from Camenz, Saxony. The second coin was from Ulm, Germany and was a One Kreuzer dated 1772 and was struck in Gunzburg.

Reed brought in an interesting love token struck on a twenty-cent piece.

Jim brought in his complete certified half-dollar collection.

Newsletter Trivia Quiz

  1. "Una and the Lion" is a pattern gold coin for what country?
  2. Who was the first editor of the Coin World?
  3. What relative of Robert Maskell Patterson's preceded him as Mint Director?
  4. Is a 1943 bronze cent, an example of a planchet, die or striking error?
  5. What dominates the obverse of the San Francisco-Oakland Bay Bridge commemorative half-dollar?
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Answers)

The Dollar Bill

If you have one, take out a one-dollar bill and look at it. The one-dollar bill you're looking at first came off the presses in 1957 in its present design.

This so-called paper money is in fact a cotton and linen blend, with red and blue minute silk fibers running through it. It is actually a cloth material.

We've all washed it without it falling apart. A special blend of ink is used, the contents we will never know. It is overprinted with symbols and then it is starched to make it water resistant and pressed to give it that nice crisp look.

If you look on the front of the bill, you will see the United States Treasury Seal. On the top you will see the scales for the balance-a balanced budget. In the center you have a carpenter's T-square, a tool used for an even cut. Underneath is the Key to the United States Treasury. That's all pretty easy to figure out, but what is on the back of that dollar bill is something we should all know.

If you turn the bill over, you will see two circles. Both circles, together, comprise the Great Seal of the United States. The First Continental Congress requested that Benjamin Franklin and a group of men come up with a Seal. It took them four years to accomplish this task and another two years to get it approved.

If you look at the left-hand circle, you will see a Pyramid. Notice the face is lighted and the western side is dark. This country was just beginning. We had not begun to explore the West or decided what we could do for Western Civilization. The Pyramid is uncapped, again signifying that we were not even close to being finished.

Inside the capstone you have the all-seeing eye, an ancient symbol for divinity. It was Franklin's belief that one man couldn't do it alone, but a group of men, with the help of God, could do anything. "IN GOD WE TRUST" is on this currency.

The Latin above the pyramid, ANNUIT COEPTIS, means, "God has favored our undertaking." The Latin below the pyramid, NOVUS ORDO SECLORUM means, "a new order has begun".

At the base of the pyramid is the Roman Numeral MDCCLXXVI, for 1776. If you look at the right-hand circle, and check it carefully, you will learn that it is on every National Cemetery in the United States. It is also on the Parade of Flags Walkway at the Bushnell, Florida National Cemetery and is the centerpiece of most heroes' monuments. Slightly modified, it is the seal of the President of the United States and it is always visible whenever he speaks; yet no one knows what the symbols mean. The Bald Eagle was selected as a symbol for victory for two reasons: First, he is not afraid of a storm; he is strong and he is smart enough to soar above it. Secondly, he wears no material crown. We had just broken from the King of England. Also, notice the shield is unsupported. This country can now stand on its own.

At the top of that shield you have a white bar signifying congress, a unifying factor. We were coming together as one nation. In the Eagle's beak you will read, "E PLURIBUS UNUM" meaning "one nation from many people." Above the Eagle you have thirteen stars representing the thirteen original colonies, and any clouds of misunderstanding rolling away. Again, we were coming together as one. Notice what the Eagle holds in his talons. He holds an olive branch and arrows. This country wants peace, but we will never be afraid to fight to preserve peace. The Eagle always wants to face the olive branch, but in time of war, his gaze turns toward the arrows. They say that the number 13 is an unlucky number. This is almost a worldwide belief you will usually never see a room numbered 13, or any hotels or motels with a 13th floor. But, think about this: 13 original colonies, 13 signers of the Declaration of Independence, 13 stripes on our flag, 13 steps on the Pyramid, 13 letters in the Latin above, 13 letters in "E Pluribus Unum", 13 stars above the Eagle, 13 plumes of feathers on each span of the Eagle's wing, 13 bars on that shield, 13 leaves on the olive branch, 13 fruits, and if you look closely, 13 arrows. And for minorities: the 13th Amendment.

I always ask people, "Why don't you know this?" Your children don't know this and their history teachers don't know this. Too many veterans have given up too much to ever let the meaning fade. Many veterans remember coming home to an America that didn't care. Too many veterans never came home at all.

Tell everyone what is on the back of the one-dollar bill and what it stands for, because nobody else will.

Newsletter Trivia Quiz Answers

  1. Great Britain, 1834.
  2. D. Wayne "Dick" Johnson.
  3. His father, Robert Patterson.
  4. Planchet error.
  5. A California grizzly bear.
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Quiz questions)

Auction Guidelines

Many of you are long time members so this is old hat for you. But we have a lot of new people; so here are the things you should take into consideration as you buy and sell coins at your club auction.

Please consider this:   We had several avoidable problems last September. 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 after all have paid, come and 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 last September. Thanks for your understanding.

So here are the procedures in a bit more detail.

Buyers

All buyers, after the auction, come up and promptly pay for the coins you have bought. Please do this quickly so we can get the money to the sellers. Thanks.

Sellers

Please follow these steps to set up your lots and receive your payment after the auction. The particulars may be slightly different at the actual auction, but these are the basic ground rules.
  1. If you made a list to publish, come to the auction table and pick up the now-numbered list and labels for the lot numbers.

  2. If you have coins to sell that have not been published, fill out the form on the back of last month's a sheet with number, item description, and minimum bid along with your name and bring it to the auction table where we will give you lot numbers and labels. All coins must be listed and have lot numbers so the auctioneer and his helpers can identify your coins.

  3. Write the lot numbers on the labels that we gave you and paste the labels on each lot.

  4. Bring the coins back to the auction table where we can lay them out for viewing. If you are not comfortable leaving them at the auction table, you can keep them with you until the actual sale.

  5. Give the lot list to someone at the auction table. We will use that lot list to record the prices you get for your coins.

  6. After the buyers have paid for your coins, we'll call you to come up and receive your money for your coins. Please give us the time to collect the money first so we can make this go smoothly. We'll do this as quickly and smoothly as possible.


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