ECC banner

March, 2003
Year 10, Issue 2

Award Winning Newsletter

Meeting 7:30pm, Wednesday, March 5
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.


March Program

Member Auction. All proceeds go to the seller. Click here for rules for the auction.

Prizes


February Minutes

ECC Meeting 540 - February 5, 2002
Opened:   7:30     Closed:   8:31
Members:   19     YNs:   0
Guests:   4         
Beginning balance:   $1078.43     Income:   $370.00
Expenses:   $722.50     Current balance:   $725.93

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

We welcomed four guests Bob, Richard, Barb and George to our club.

Jim Davis initiated a game of investing in coins. Everyone is to choose coins that have a total value of $25,000 based on values listed in this month's Numismatic News value listing. During the next nine months you are invited to sell and buy other coins based on the value of your coin portfolio. The person with the highest coin portfolio at the December Christmas show will win a silver dollar.

Good luck to all. If you have not given your list to Jim yet, you can begin with the March meeting. You will being with $25,000 worth of coins based on March's Numismatic News value listing.

Secretary's Report

As printed in February's newsletter except for a few corrections brought up by President Mike and was accepted.

Treasurer's Report

Balance: $1078.43
The Treasurer report was accepted.

Old Business

Remember that dues are due by this month's meeting. At the February meeting a list was sent around and those of you that requested not to have a newsletter mailed to you will not receive one. You will be able to either print one from our club's web site or pick one up at the meeting. A special thanks to those of you that opted to save the club mailing expense.

New Business

We passed a purposed brochure around describing the club and its history. We are going to use this brochure to hand out to potential members and guests.

Roger brought up a new coin shop, North Suburban Coin Shop, in Carpentersville.

Prizes

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

The meeting closed around 8:31 P.M.

Submitted by Frank Schlapinski, Secretary.


Board Meeting

Mike, Jim, Don, Doug and I got together at Don's Wednesday night at 7pm Feb. 19th. Among other things we discussed the following.

We discussed the new brochure. We also bought coins for the monthly raffle and membership drawing.

Submitted by Frank Schlapinski, Secretary.


Future Meeting Programs


Show and Tell


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: To avoid any problems. We ask you all to follow the auction rules closely. Wait 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 a set order. 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 have coins to sell, fill out the form on a sheet of paper with numbers, 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.
  2. Write the lot numbers on the labels that we gave you and paste the labels on each lot.
  3. 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.
  4. 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.
  5. 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.

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

Click here for an index to articles in other on-line Elgin Coin Club Newsletters. [Web master note: I have not updated this index since January, 2000. Until I update the index, please use the Search page to search the entire site for a phrase you are looking for. I apologize for any inconvenience.]

This Newsletter is the informal mouthpiece of the Elgin Coin Club. This Newsletter and its contents are copyrighted but you may use anything herein (accept as noted below) for non-commercial use as long as you give credit to the Elgin Coin Club Newsletter. This blanket permission does not extend to articles specifically marked as copyrighted (c) by the author of the article. In the latter case, you must get explicit written permission from the author either directly or through the Newsletter to use that material.

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