Meeting 7:30pm, Wednesday, April 5
Talk and trading 7:00-7:30pm
VFW, 1601 Weld Road, Elgin, IL
This month's program will be the white elephant auction. Proceeds from this auction go to the club so please be generous in your donations and bids.
|ECC Meeting 577|
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. We then went into the month's program, which was a member's auction. The meting adjourned about 9:00 pm.
Accepted as printed in March's newsletter.
The report was accepted as published.
Fantasy coin contest:
Raffle tickets will be available next month.
We had our customary raffle and membership drawings. The winners were:
The meeting closed around 9:00 P.M.
Submitted by Jim D.
On March 8 Doug, Don, Steve, and Jim D. met to discuss club business and select coins for the April raffle.
Jim D. brought in a replica of the Lafayette dollar as featured in the March newsletter. He also showed a 1976-s proof Ike dollar he recently purchased and a copy of Numismatist magazine with an article on local auctioneer Sonny Henry.
Don C. showed a pair of Canadian Proof like half dollars from 1960 and 1961.
High tech junk mail. Recently I received from Heritage Auctions an unsolicited package containing a DVD. The disc titled "selling your coins and currency at auction" came in a well-designed package and the content was prepared in a very professional manner. The video narrated by former mint director Jay Johnson is very informative despite its overall feel of that of an infomercial. The entire video dealt with heritage auctions and the services they provide to both buyers and sellers. Included in the program are testimonials of several satisfied clients including Spiderman creator Stan Lee. As reported in the March 27th. Issue of Coin World, Heritage is selling the disc for $24.95. I received my copy at no charge from Heritage via the ANA. I know this because there was a letter from the ANA in the package.
Fake $100 bills reported. A few weeks ago, I saw several news reports about counterfeit $100 bills circulating in the Chicago area. The bills were made from genuine $5 bills that wave been bleached clean and reprinted with the $100 bill designs. This is done to fool the casual cashier who just uses a counterfeit detecting pen. Since the fake is printed on real paper, that test is passed but the other security measures give the fake bill away. First is the watermark on the right side of the bill. Instead of showing a picture of Franklin, a picture of Lincoln is seen. The other is a thin thread on the left side saying USA FIVE. These can only be seen by holding the bill up to a light. Another test of a genuine bill is the color shifting ink in the lower right corner. Therefore, the next time you get a large bill check out the security features so you don't get burned.
On a sad note the club expresses it's sympathies to the family of Margaret M. who passed away last month. Margaret was a long time member of the Elgin coin club and she will be missed.
This month's coin of the month is the 1992 Olympic silver dollar commemorative. This coin was one of three commemoratives issued by the mint to raise funds for the US Olympic committee.
The obverse depicts a baseball pitcher about to deliver a pitch to the plate. Many people have said the pose was taken from a Nolan Ryan baseball card issued the year previous (fleer #302). The image on the coin is very similar to the card right down to the folds in the uniform. There is only a minute difference in the position of the arms that keeps them from being an exact match. Circling above the pitcher is the word Liberty. In the field to the right of the pitcher is in god we trust. In the field to the left of the pitcher are the Olympic rings with usa above. Below the pitchers mound are the designers initials JRD-CYM for John R. Deecker and Chester Y. Martin. Also below the mound is the date, 1992.
The reverse of the coin features a heraldic shield flanked by two laurel branches. Above the shield are the Olympic rings with usa inside the top three rings. Below the shield is a ribbon with e pluribus unum incuse. Around the upper edge is United States of America and the mintmark appears to the right of the shield. The edge is reeded with the letters XXV OLYMPIAD appearing four times oriented twice to the obverse and reverse. The coin weighs 26.73 grams and consists of .900 silver and .100 copper. The actual silver weight is .77 ounce. Mintage figures are as follows, for the uncirculated version struck at Denver 187,562 and the proof struck at San Francisco 504,544. The coin was issued in various packages with the Olympic half dollar and half eagle. Current values in ms65 grade are $24.00 for the uncirculated and $29.00 for the proof.
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