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February, 2002
Year 9, Issue 2

Award Winning Newsletter

Meeting 7:30pm, Wednesday, February, 6
Talk and trading 7:00-7:30pm
VFW, 1601 Weld Road, Elgin, IL
815-786-6779

Not a member? Come and join us anyway!

Give your spouse a break and bring your children to the club.


February Program

Reid Geisler will give a talk on error coins.

Also Jerry R. and Don D. will give a short talk on how they got in to coin collecting.

There is a sign-up sheet I will have at each meeting for anyone wanting to give a short talk on how they got started in coin collecting.

Prizes


January Minutes

ECC Meeting 528 - January 2, 2002
Opened:   7:30     Beginning balance:   $1096.00
Closed:   9:05     Income:   $248.10
Members:   21     Expenses:   $365.40
YNs:   0     Current balance:   $974.60
Guests:   0         

President Mike Metras called the meeting to order at 7:30.

It was voted on and accepted that the club will have a medal made to commemorate Doug Nelson's 9 years of service as prior president.

Secretary's Report

As printed in December's newsletter and was accepted.

Treasurer's Report

Balance: $794.60
The Treasurer report was accepted.

Old Business

Dues are still due. If they are not received by the mailing date for the April newsletter, you will no longer receive it.

New Business

We are currently looking for advertisers for our monthly newsletter. If you are interested, please see Jack. The cost for a full year of advertisement is $50.00 or $80.00 value in coins for raffle/member prizes.

Prizes

We had our customary raffle and membership drawings. The winners were:

The meeting closed around 9:05 P.M.

Submitted by Frank Schlapinski, Secretary.


Board Meeting

Doug, Jim, Don and I got together at Don's Wednesday night at 7pm Jan. 16th. Among other things we discussed the following.

We talked about the 40th show medal. The cost of cutting a die is quite expensive resulting in metals costing $30 to $40 each, if we were to make and sell at least 100. We do not believe that is a reasonable expectation. That being the case we are looking into finding places that have existing standard dies where we can add our words to one side. This will be a lot less expensive.

We decided to try a modified order for our monthly meeting in order to emphasize the educational part of the meeting. If you like we will continue with it. If not, we can change back or to some other version. So for next month we will try this:

  1. Open meeting.
  2. Greet visitors.
  3. Monthly program.
  4. Show and tell.
  5. Member history (10 min. max)
  6. Ten minute break. Sell raffle tickets.
  7. Business meeting.
  8. Membership and raffle drawings. *
  9. Close.

    *If someone has to leave early and asks, we can switch the business meeting and raffle drawing.

We bought coins for the monthly raffle and membership drawing. We also bought an 1857 $2.50 quarter eagle for the super raffle (We got it rather than the $5 because it came along at a very good price).

I agreed to get the particulars to Jack McMillin on how the advertising works. For those who do not remember and are dealers and may want to advertise. We charge $50 cash or $80 in retail items for the card-sized advertisement in the bulletin for the year of the advertisement. We also place the ad in the handout everyone gets at our annual show. And finally, all advertisers are listed with their card on our web site. We like to have the money or goods early, but we need to have them by September or October. In the past we have not provided ready receipts. We do that now.

I reported that I have contacted the ANA and we will now be getting the education certificates on a regular basis to hand out to those who do our monthly presentation.

I was not sure whether our constitution says an ex-president is an automatic member of the board or not, but as president, I appointed Ex-president Doug Nelson a member of the board. We can use his expertise.

Don brought up that Frank talked to him about including want ads in the newsletter for items you want to buy or sell. That has always been an option. But few have taken advantage of it. The only restriction we have ever had on it was that it be limited to 3 to 5 items and that it not end up being a dealer's ad layout. We talked about it a while and agreed to continue the policy on the above terms. So if you have something you want to buy or sell and want to advertise it in the newsletter, get your information to Frank in time for him to put it in the newsletter.

We talked about Don selling raffle tickets at the meeting. He is pretty busy with his treasurer tasks most of the meeting and most of the board meetings so we would like to give him a bit of a break in the middle of the meeting to enjoy the meeting without working. That said we would like to have another volunteer to sell raffle tickets. Is that you?

Submitted by Mike Metras.


Future Meeting Programs


Show and Tell

Jim brought in his recently completed Roosevelt dime collection. All coins were BU and proof.

Roger showed a letter from David Bower about the dedication of the Pioneer Sculpture. Roger also had some pictures to show from the dedication. Mike also showed his pictures from the dedication.

Don Dool brought in and wrote the following about his show and tell.

The item of South American scripophily was from Peru: Compania Nacional del Ferrocarril Mineral de Pasco. Quintentos (500) soles issued in Lima on January 2, 1892. Certificate number 976 issued with sixty six coupons for seventeen and one half soles due at six month intervals with a sixty seventh one for eleven and 66/100 soles . First coupon has been clipped. Vignette at top with train crossing bridge with mountains in background, farm animals in foreground and two men to side, one on horseback and one with dog. Vignette of miner loading cart at bottom.

To start, a Scherf from the city of Lubeck dated 1570. Now I know that 1570 is well before the Kipper era but there are only two AD dated copper coins from this location, 1570 and 1621. Since I don't have the 1621 here's a look at the 1570.

Lubeck is located on an arm of the Baltic between what, at that time, was the Duchy of Mecklenburg to the east and the County of Holstein to the west. The bishopric of Oldenburg settled in Lübeck around 1155 and coins were struck by Bishop Dietrich during his reign, 1186-1210. The bishopric was over shadowed by the free city and did not strike coins during the reign of the next thirty bishops and then only gold and silver was used. The city became an important commercial center in the twelfth century and was granted the status of a free city in 1188. Coins had already been struck prior to 1180 by Heinrich the Lion and from about 1190 into the thirteenth century there was a royal mint in the city. Minting rights had been granted in 1188, 1266 and 1340 and local coinage began in the middle of the thirteenth century (Craig 122).

The obverse has the shield-arms of the city below the date, 1570. On the reverse is the value, SCH ARF. There is a Perlenkreis (beaded border, remember?) on both sides. The only attribution I can find for this coin is Behrens 550.

Next, one that is from the kipper period, a 1621 pfennig from the Bistrum of Eichstatt. The city is located about 35 miles south of Nuremburg and became the seat of a bishopric in 745. The bishops, who were princes of the Empire, minted coins beginning in the eleventh century. This one was issued by Johann Christoph von Westerstetten, who reigned from 1621 to 1636. The obverse of this uniface coin has a bishop's staff in a shield dividing the date, 1621, with the value, 1, above. Unlike the last coin this has plenty of attributions; Cahn 111, Eklund 423, Krause 17 and Neumann I 6603. This coin is rare and in this condition, extremely fine, is about a three-and-a-half- article coin. That's not how much it takes to describe it, but to buy it. Now finally after considerable digression, to Paderborn. This city, like Munster, is located in Westphalia, about sixty miles northeast of Dortmund. Paderborn traces its origins to Charlemagne, who convened a diet there in 777 and founded the bishopric of Paderborn in 795. Minting by the bishopric dates to 1028 under Bishop Meinwerk von Teisterband. Paderborn prospered, became a walled city about 1100 and eventually joined the Hanseatic League. The inhabitants of the city had a not uncommon attitude toward the bishops, that of independence, and "accepted the reformed doctrines in the 16th century."(Craig 145) Consequently Bishop Theodore declared war on the city in 1604 to force the Catholic religion upon its citizens. The war was not long as the city surrendered on April 26 of that year.

In closing an interesting 1700 6 Pfennig. From the inscription this coin appears to be issued by  Franz Arnold, Freiherr von Wolff-Metternich zu Gracht but he did not become Bishop until 1704. It could be a contemporary counterfeit but usually copper coins were not counterfeited so maybe it was a mistake it making the die.

The obverse is FRANC.ARN.D.G.EP.PAD.S.R.I.P & COM.PYR* and in the center an ornate shield of arms within a cartouche. On the reverse ANNO.DOMINI.1700* with VI within a cartouche. The coin is similar to Eklund 1020 and Neumann I 5196. I purchased this coin from Cooke & CIA. In Buenos Aires, on the envelope was the notation "Franscio, Obispo?" so he too seems to have had some reservations.


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