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September, 2005
Year 12, Issue 9

Award Winning Newsletter

Meeting 7:30pm, Wednesday, Sept 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!
Give your spouse a break and bring your children to the club.

September Program

This month's program will be a member's auction. Please bring in items you thing the other members may be interested in purchasing.

Prizes


August Minutes

ECC Meeting 570
Opened:   7:30     Closed:   8:35
Members:   24     YNs:   1
Guests:   1         
Beginning balance:   $216.23     Income:   $80.00
Expenses:   $54.50     Current balance:   $241.73

Doug called the meeting to order at 7:30. The Secretaries and Treasurers reports were accepted as published. Old and new business was discussed and show and tells were given. The scheduled program was cancelled due to a visit from former club president Mike M. We spent the meeting catching up on his adventures setting up a new life in Germany.

Secretary's Report

Accepted as printed in July's newsletter.

Treasurer's Report

Balance:   $241.73.
The report was accepted as published.

Old Business

Fantasy coin contest

  1. MARTY K. 31,000
  2. JIM D. 29,500
  3. DEBRA L. 28,525
  4. BOB L. 27,300

Anyone wishing to join the game see Jim D. at the meeting.

New Business

A request was made to mail the newsletter a few days earlier. I will try to comply as best I can.

Prizes

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

The meeting closed around 8:35 P.M.

Submitted by Jim D.


Board Meeting

On Aug 10, Don, Doug Mike M., and myself, met to discuss club business.
Submitted by Jim D. secretary.


Shows


Show and Tell


Editorial

Club Finances. During the Board meeting Don, Doug, Mike M. and I discussed a serious problem facing the club. The club needs to find some new sources of revenue to keep providing the benefits the members have come to expect. In the past the club has sold advertising space in this newsletter and web site. Recently that source of income has dried up. What the club needs is for a member to step forward and actively solicit dealers to advertise with us. The cost for such an ad is $50 per year. For that $50 the ad will be viewer by every member who receives the newsletter as well as several clubs on my e-mail list. So far, I am only sending emails to clubs in Illinois but can easily expand my list to include Indiana, Wisconsin, Michigan and Iowa. If this plan dosn't work, the club may have to resort to such desperate measures as raising the annual dues, raising the cost for a table at the annual show or charging members for the annual Christmas dinner. If any member has an alternate way for the club to raise money, please speak up. This is your club and your input and participation is needed and appreciated.

What a find! In its e-newsletter, Numismatic News reported the recovery of ten, yes, ten 1933 double eagles. The coins were returned to the mint where since the 1940's they considered the coins illegal the fate of these coins as of this writing is unknown. One thing is certain; who turned in the coins is taking a great financial loss. Just the bullion value alone makes the coins worth over $4,000. If the mint destroys the coins, it would be a great loss to both numismatics and would bring about a lot of bad publicity for the mint. The coins are national treasures and illegal or not deserve to survive.

Still more reasons to check your change. While surfing ebay I came across an interesting Lincoln cent variety. This variety certified by ANACS is a 1956 d/s cent of which about 5 are known. This is an amazing coin due to the fact the last s mint cent was struck in 1955. How was this coin made? Did a mint worker accidentally or deliberatly use the wrong punch and then tried to fix it? Break out your loupes and start looking; you never know what you might find.


Coin of the Month

Mystery Coins

This month's coins of the month are coins that are rumored to exist but no one has actually seen, at least not in public.

The first one is the 1964 peace dollar. This coin does have a recorded mintage of about 316,000. It was struck in late 1964 at the request of President Johnson and several western mining interests. Just a few weeks after they were struck the order came to melt them all. Still this leaves plenty of time for some to mysteriously leave the mint. Yet to this day, none has surfaced. Are the owners afraid the same fate will befall their coins thet befell the 1933 double eagles found in the 1940's and 1950's?

The next is the 1931 Standing Liberty quarter. Noted SLQ expert Jay Cline was offered an exapmle for $15,000 but declined without actually having seen the coin. The possibility such a coin could exist is possible but not very likely. The same goes for the 1964 Franklin Half Dollar. By mid or late November 1963, production could have begun on new dies for the Franklin Half. Moreover, with those dies a mint worker could run off a few pieces on the sly just like in 1913 with the liberty nickle. The late Walter Breen wrote of a dealer who was offered one such coin but declined to purchase until he (Breen) could authenticate it. The coin has since dissappeared to parts unknown.


This month's quiz

Jumble

1. 5 cent    e c I k l n      
   ( _ ) ( _ ) ( _ )  _  _  _

2. 25 cents   r u q t a r e
   _  ( _ ) ( _ ) ( _ ) ( _ ) _ _

3. Steam train fuel  l o c a
   ( _ ) ( _ ) _  ( _ )

4. 10 cent   m e d i
   _ ( _ ) _  _


a good place to find coins
_  _  _  _  _  _  _  _  _  _ 

Answers


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.


Answers

  1. nickle
  2. quarter
  3. coal
  4. dime
    circulation