ECC banner

May, 2007
Elgin Coin Club 50th Anniversary - 1957-2007
Year 14, Issue 5

Award Winning Newsletter

Meeting 7:30pm, Wednesday, May 2
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.

May Program

This month's program will be a member's auction. Bring in coins to sell and money to buy.

Prizes


April Minutes

ECC Meeting 590
Opened:   7:30     Closed:   9:00
Members:   21     YNs:   0
Guests:   1         
Beginning balance:   $318.50     Income:   $98.00
Expenses:   $26.00     Current balance:   390.50

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 video on home shopping club coin offers. After the program, raffle tickets were sold and winners selected. The meting adjourned about 9:00 pm.

Secretary's Report

The members present accepted the secretary's report as published in the April's newsletter.

Treasurer's Report

Balance:   $318.50
The members present accepted the treasurer's report as published in the April newsletter.

Old Business

Fantasy coin contest:

  1. Jim D. 25,000
  2. Jim M. 25,000
  3. Marty K. 25,000
  4. John R. 25,000

New Business

Eagle made nametags for all members. Mike M. visiting from Germany took a group photo. You can see the photo at worksandwords.com. We discussed the possibility of producing elongated cents. Some club members will give a talk to seniors at Elgin Community College in July.

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

On April 11, Don, Eagle, John R, Shea F, and Jim met to discuss club business and select prizes for the May meeting.


Show and Tell

Jim D. brought in a pair of Washington dollars showing the different orientation of the edge lettering. Also a two Euro bi-metallic coin from Germany.

Don C. showed some of his new paper money acquisitions.

Doug N. brought in a coin wallet with some coins someone overpaid for 25 years ago and a 1988 Surinam 1000 guilder note with an accompanying letter stating the purchase price of $395. (Editors note, in a 1990 guide of foreign paper money that note was valued at $200.00. in a 2006 edition of that same guide the value had dropped to $12.50 due to the fact Surinam since flooded the market with those notes.)

Guy brought in an assortment of 33 German WW I medals and medallions.

Eagle showed a 1963 $5 red seal star note.

Mike M brought in a German 10 Euro commemorating the 50th anniversary of the European Union. In addition, his pocket change showing how Euro coinage is dispersed throughout Europe.


Editorial

Sixteen candidates vie for ANA board seats. In the next month or so, the ANA will hold its bi-annual elections for President, Vice President and Board of Directors. This year's ballot is especially strong with many very qualified candidates to choose from. The posts of President and Vice President are no contest as each candidate is running unopposed (much like the elections at the Elgin Coin Club). The real interest is the race for seven seats of the Board of Directors. The candidates are Joseph E. Bolling, M. Remy Bourne, Donald H. Dool, Michael B. Doran, John R. Eshbach, Arthur M. Fitts III, Alan Herbert, Donald H. Kagin, Chester L. Krause, Clifford Mishler, Walter A. Ostromecki, Radford Stearns, Anthony A. Tumonis and Wendel Wolka. Choosing just seven out of this group is a difficult task. However, after some consideration this editor endorses the following candidates. They are Bourne, Dool, Fitts, Herbert, Kagin, Mishler and Ostromecki. Let us hope this new board can lead the ANA out of its current troubles and show the vision and leadership this hobby deserves.

Show and tell. For the past several years, the highlight of each months meeting is the members show and tells. The subjects of these mini presentations cover all aspects of our hobby from ancients to the newest releases. The best part of the program is the sharing your interests and knowledge with other members. If you have anything interesting in your collection, you want to share with the club, bring it in. And if you have something you cannot identify bring that in also, someone in the club may be able to help you figure it out./p>


Coin of the Month

The 10 worst U.S. coins of the last 50 years

Over the last 50 years, the mint has produced many beautiful and artistic coins. The mint has also produced many coins that are not as artistic or interesting. The following list in order of release is in my opinion the bottom ten U. S. coins of the last 50 years.

  1. Lincoln memorial cent. For the 150th anniversary of Lincoln's, birth the mint felt obligated to change the cent. The resulting reverse is a bland depiction of the Lincoln memorial that some have compared to a trolley car.
  2. JFK Half dollar. In a rush to issue a tribute to the slain president, the mint cut corners on creativity. The mint could have explored more artistic designs rather than plain presidential seal that was used.
  3. SBA Dollar. The standard by which all bad U.S. coins are judged. Instead of using Gasparro's fine Liberty design, the mint (on congress' urging) chose an unflattering portrait of Susan Anthony and recycled the reverse of the IKE dollar.
  4. Maryland State quarter. If you did not know that was Maryland's state capitol dome it could be from almost any domed building of that period.
  5. New Hampshire State Quarter. This coin is a numismatic Rorschach test. Can you see a man on this coin?
  6. Louisiana State quarter. This coin shows Louisiana as part of the Louisiana Purchase but teaches little about the state itself. A coin focusing on the states cultural influence would have been better.
  7. Missouri State quarter. Rub a dub dub three men in a tub. Floating down a river lined with something that almost looks like trees. No wonder the coin's designer was upset at the mint for ruining his design.
  8. Michigan State quarter. This quarter shows the great lakes with Michigan highlighted as an afterthought. Like Maryland and Louisiana tells nothing about the state itself.
  9. Ocean in view five cent. When I saw the drawing of this coin, I liked the design. When I saw the actual coin, I was very disappointed. What you see in the drawing does not translate well to an actual coin. The words ocean in view o' the joy is almost unreadable even on uncirculated coins. After the coins circulate for a while, the lettering will turn into a smudge.
  10. Presidential dollar series. In previous issues, I have expressed my dislike for this coin. The design is plain and the edge lettering is an interesting concept that dose not work. The Edsel of American coins.

Coin Quiz

  1. Match the German mint marks to the city.
    1. A
    2. D
    3. F
    4. J
    5. G
    1. Stuttgart
    2. Karlsruhe
    3. Berlin
    4. Hamburg
    5. Munich
  2. What is the gold weight of the first lady bullion coins?
  3. How many links in the chain on a 1793 chain cent?
  4. What word appears on both sides of the Elgin half dollar?
  5. What is the last circulating U. S. coin that does not show a human face?

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. a-3,b-5,c-1,d-2,e-4
  2. half ounce
  3. 15
  4. Pioneer
  5. Shield 5c. 1883