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September, 2002
Year 9, Issue 9

Award Winning Newsletter

Meeting 7:30pm, Wednesday, September, 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!

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


September Program

This month's session will be the auction of member's coins.

Al and Rich will each give a talk on how they got started in coin collecting.

Prizes


August Minutes

ECC Meeting 535 - August 7, 2002
Opened:   7:30     Beginning balance:   $484.87
Closed:   8:22     Income:   $211.00
Members:   13     Expenses:   $37.00
YNs:   0     Current balance:   $658.87
Guests:   0         

President Mike Metras called the meeting to order at 7:33.

We had one visitor, Jim R. who collects World coin type sets.

Mike and Rich gave a talk on their trip to the ANA Summer seminar in Colorado. It was Rich's second time and Mike's ninth.

We had out super raffle drawing and Don's wife Louise won the Gold coin, Chris L. won the CC Morgan Dollar and Walt T. won the Proof Silver Eagle.

Member History

No one volunteered to talk this month. But Al and Rich have volunteered for this month.

Secretary's Report

As printed in August's newsletter and accepted.

Treasurer's Report

As printed in August's newsletter and accepted.

Old Business

None.

New Business

Elgin magazine with the Rovelstad Statue on it is now available. The 2003 Red book is available for sale.

Prizes

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

The meeting closed around 8:46 P.M.

Submitted by Frank Schlapinski, Secretary.


Board Meeting

Mike, Don, Jim, Doug and I, got together at Don's Wednesday night at 7pm August 21st. Among other things we discussed the following.

We decided on monthly raffle and member prizes.

We will be bringing up the possibility of obtaining everyone email address and distributing the list to all members.

Next year's annual coin show is set for October 26th of 2003. Don is in the process of arranging for our annual Christmas dinner for this and next year.

We are also going to finalize the show give away coin before this meeting. We are leaning towards a wooden token due to costs.

Don also wanted everyone to know that at this meeting he is officially smoke free for 1,000 days.

Submitted by Frank Schlapinski, Secretary.

Future Meeting Programs


Show and Tell

Don D. brought in a Revolution of 1831 3 groszy. In 1815 at the Congress of Vienna, the Duchy of Warsaw was partitioned and a large part went to Russia. The Tsar, Alexander I, was a liberal ruler who agreed to the setting up of a semi-autonomous "Congress Kingdom" with its own parliament and constitution. But the accession of Tsar Nicholas I to the throne in 1825 saw the establishment of a more repressive regime.

In 1830, after the revolution in France and the unrest in Holland, Nicholas decided to intervene and suppress the move towards democracy in the West. He intended to use the Polish Army as an advanced force, but instead propelled the Polish patriots into action. On the night of November 29th the cadets of the Warsaw Military College launched an insurrection. The Poles fought bravely against heavy odds in former Polish territories around Wilno, Volhynia and the borders of Austria and Prussia. For a while victory actually led to defeat. Warsaw was taken in September 1831 and the Constitution of the "Congress Kingdom" was suspended.

He also brought in an 1835 Republic of Krakow, 10 groszy. Following Napoleon's downfall, the Congress of Vienna in 1815 made Krakow the capital of the independent republic of Krakow. This republic was incorporated into Austria in 1846. Unfortunately the coin shown was the billion 10 groszy not the copper 5 groszy wanted and has been returned to the dealer.

Jim M. brought a mint set from Thailand.


IMHO

By Jim Davis

1933 Double Eagle sells for 7.59 million

Last July 30th the King Farouk specimen of the 1933 St. Gaudens $20 gold sold for a record 7.59 million. This sale raised a few questions in my head. The first one is I read the coin was graded by PCGS and assigned a grade of MS65. Since this is the only specimen that anyone can legally own (so far) does the grade really matter? How does this coin compare to the other two in the Smithsonian? Also, if the coin had grade MS64, would it had sold for a mere 4-5 million and if it graded MS66 would it have sold for 9-10 million?

Check your pocket change

Here are some more reasons to check your pocket change for coin finds. Recently someone found a 1946 Jefferson nickel struck on a silver war nickel planchet. This coin graded VF20, so it did see considerable use. Other coins to look for that were recently discovered are a 1959 Lincoln cent with a 1958 reverse and a clad Washington quarter with two reverses. Recently I received from someone a 1919-P Buffalo nickel and three 40% silver Kennedy halves. I admit finds like this are rare, but if you don't look at all your change, your chances of finding anything is zero.

Top 10 reasons to belong to the Elgin Coin Club

10. Monthly Raffles

9. We are an ANA member club and have access to the ANA library and video collections.

8. If anyone has a question on coins, one of the members should know the answer or can direct you to the right place to find the answer.

7. Members Auction/White Elephant Sale

6. Informative monthly programs given by either members or guests.

5. Cheap dues, only $10 per year for adult members, $5 for YNs and $15 for the entire family.

4. www.worksandwords.com/coins/ecc

3. Monthly show and tells.

2. The annual coin show.

And finally the #1 reason to belong to the Elgin Coin Club:

1. The free dinner at the December meeting.


Visit the Elgin Coin Club Home Page or our Connections page for more information about the club.

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The ideas expressed in the Newsletter are those of the article authors and not necessarily those of the Elgin Coin Club or its officers.