Meeting 7:30pm, Wednesday, March 5
Talk and trading 7:00-7:30pm
VFW, 1601 Weld Road, Elgin, IL
Give your spouse a break and bring your children to the club.
Member Auction. All proceeds go to the seller. Click here for rules for the auction.
|ECC Meeting 540 - February 5, 2002|
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.
As printed in February's newsletter except for a few corrections brought up by President Mike and was accepted.
The Treasurer report was accepted.
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.
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.
We had our customary raffle and membership drawings. The winners were:
The meeting closed around 8:31 P.M.
Submitted by Frank Schlapinski, Secretary.
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.
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.
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.
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.
Visit the Elgin Coin Club Home Page or our Connections page for more information about the club.
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