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January 2006
Year 13, Issue 1

Award Winning Newsletter

Meeting 7:30pm, Wednesday, Jan 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.

January Program

This month's program will be a trading and discussion session. Please bring in items you thing the other members may be interested in trading or purchasing.

Prizes


December Minutes

ECC Meeting 574
Opened:   7:30     Closed:   9:00
Members:   29     YNs:   2
Guests:   2         
Beginning balance:   $199.23     Income:   $70.00
Expenses:   $175.00     Current balance:   $304.23

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 no show and tells were given. After our annual holiday dinner, I announced the winner of the fantasy coin contest and conducted the poll of favorite state quarter designs for the last year. Don C. announced the winning guess in the how many cents in a jar contest. We then played a couple of games of coin bingo after which raffle tickets were sold and winners selected. The meeting adjourned about 9 pm.

Secretary's Report

Accepted as printed in December's newsletter.

Treasurer's Report

Balance:   $199.23.
The report was accepted as published.

Old Business

  1. Marty K. 32,000
  2. Debra L. 30,525
  3. Bob L. 30,000
  4. Jim D. 29,500

Final Standings

New Business

Election of Board Officers. President Doug N., Secretary Jim D.

Prizes

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

The meeting closed around 9:00 P.M.

Submitted by Jim D.


Board Meeting

No board meeting was held this month.


Show and Tell

None this month


Editorial

2005 in review. 2005 was a good year for the Elgin Coin Club. We welcomed several new members and held another successful coin show. The December meeting was one of our best. After the fine meal Debra L, Jerry L and Ellen F conducted a couple of games of coin bingo. Instead of numbers, players matched coin types in an attempt to make a winning card. The first game ended in a three-way tie with Marty K, Jim D and Bob L holding winning cards. The second game was won by Alyssa H. After coin bingo, Don C revealed the number of cents in a jar. Jim C won the jar of cents with a guess of 956, only 15 away from the actual number of 971. I awarded the prize to the winner of this year's fantasy coin contest. Marty K won with a portfolio worth 32,000. This represents a profit of 7,000 from a starting point of 25,000. If the club want's me to, I will run the contest again this year.

Elections. Durring the meeting we held elections for club president and secretary. Both Doug N and Jim D were re-elected to their posts uncontested. Many times, we have encouraged members to get involved in club business, yet when elections roll around noone volunteers. The best way for members to guide the path the club takes in the future is to serve on the board. Next year we will elect a vice president and treasurer, anyone interested in either position please consider running.

Quarter poll. Continuing a tradition for the last six years, I conducted a poll of the favorite quarter designs for the last year. The results are as follows, CA zero, Mn 6, OR 6, KS 13 and WV 2. Looking at the mints web site, this year's designs look to be the best yet. To view these coins go to www.usmint.gov.


Coin of the Month

1927-D Double Eagle

When you think of the great rarities of US coinage the coins that come to mind most often are the 1913 liberty 5c, the 1804 dollar, the 1933 double eagle and the 1885 trade dollar amongst others. One of the most overlooked rarities is the 1927-D double eagle. With a mintage of 180,000, this issue is far from the lowest in the series, but with almost all melted at the mint it is indeed a very rare coin. Walter Breen and other noted numismatic authors estimate there are about 12-14 pieces extant. Until recently, it was a major event when one appeared in an auction. Some times many years pass between offerings. Within the last six months, two have appeared in auctions. One sold recently for 1.8 million dollars. The other will be sold the first week of Janurary at the Florida United Numismatists convention. The coin that sold for 1.8 million was graded ms 67 and the one at the FUN show is graded ms 65. It would be interesting to see what price difference there is in the prices realized.


Coin Quiz

As we turn the calendar to 2006, we must realize that not everyone in the world uses the same calendar we do. Match the country to the calendar it uses.

1. Israel          A. Ah1427
2. Thailand        B. EE2000
3. Egypt           C. 4338
4. Japan           D. 5766
5. Korea           E. Heisei 18
6. Tiawan (china)  F. 2548
7. Ethiopia        G. 94

Answers


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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. D
  2. F
  3. A
  4. E
  5. C
  6. G
  7. B