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March, 2007
Elgin Coin Club 50th Anniversary - 1957-2007
Year 14, Issue 6

Award Winning Newsletter

Meeting 7:30pm, Wednesday, June 6
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.

June Program

This month's program will be a presentation by Jim D. on Jefferson nickels.

Prizes


May Minutes

ECC Meeting 591
Opened:   7:30     Closed:   9:00
Members:   21     YNs:   0
Guests:   1         
Beginning balance:   $390.50     Income:   $99.00
Expenses:   $109.00     Current balance:   384.50

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 an auction of coins and other collectables brought in by the membership. After the program, raffle tickets were sold and winners selected. The meeting adjourned about 9:00 pm.

Secretary's Report

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

Treasurer's Report

Balance:   $390.50
The members present accepted the treasurer's report as published in the May 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

Shea will make handouts for the club's program at the Elgin Community College in July. Guy H. was voted in as a new member.

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 May 9, Don, Doug, Eagle, John R, Shea F, and Jim met to discuss club business and select prizes for the June meeting.


Show and Tell

Jim D.showed an elongated cent from the Chicago international coin fair, a 1921 and 1939 Indian half rupee, a Turkish 100,000 lira coin, a 1936 Ethiopia 5 cent, an English farthing from 1872 and German 3 pfennig from 1873 and 1852.

Don C. compared the thickness of the silver dollars he has kept in his pocket for several years with ones that have not seen nearly as much wear. He also showed a 1960 Red Book and this years Maui Dollars.


Editorial

The world's largest gold "coin." Question, what is 53 cm across by 3 cm thick and weighs more than Paris Hilton and Nicole Ritchie combined? Answer, its Canada's latest entry in the biggest, purest gold coin race. This "coin" with a face value of one million Canadian dollars weighs in at 100 kilograms of .99999 fine gold. It looks like manhole cover of pure gold and at current spot prices is worth between 2.1 and 2.2 million dollars. The previous record holder was the Austrian 100,000 Euro gold Philharmonic. That coin weighed in at a mere 31.1 kilograms. Canada plans to manufacture ten of these coins and have reported sales of about half that mintage. The ones that have sold will have an estimated retail value of about 2.6 million. I would like to see someone take one of these monsters to either the PCGS or NGC booth and try to get that baby slabbed.

Baseball players on state quarters. While shopping at my local Walgreens, I noticed an unusual box of baseball cards. They were not the usual baseball card, but state quarters with portraits of players painted on the coins. The package states the set consists of 36 coins and a bonus set of three Babe Ruth coins. Curiosity got the best of me so I bought three packs and the players I received were Derek Lee on an Illinois quarter, Albert Pujols on a Missouri and Alex Rodriguez on a New York. Also included in each pack is a standard card of that player and a card describing the state that player plays in. Since the coins were first issued in 2006 there could be no players depicted from the Mariners, Diamondbacks, Nationals or Blue Jays. The quality of the artwork is quite good and each coin comes on a small holder for protection.

What happens in Bermania stays in Bermania. At the last Chicago international coin fair, I learned of the semi-existence of the Kingdom of Bermania. Created by Alan Berman in the 1970's the Kingdom is located in the Balkans near the Danube River. The Kingdom is quite small and is likely to remain small, which is quite ducky to the residents in exile. Under the wise and benevolent rule of King Alanus I and Queen Barbara, Bermania has issued a few coins and other collectable items. The best part of visiting the web site, Bermania.org, is seeing the photos of the King and Queen in their regal robes along with various other members of the Bermanian gentry.


Coin of the Month

The Brasher Doubloon

In 1787, New York goldsmith Ephraim Brasher produced some trial gold pieces on the request of his friend George Washington. The coins are about the same size and weight as a Spanish Doubloon and were worth fifteen dollars. The main design element on the obverse is an eagle with a shield over its breast holding arrows in one claw and an olive branch in the other. The design and pose of the eagle is very similar to the reverse of the Kennedy half dollar. Around the rim is the inscription "E PLURIBUS UNUM" and the date 1787. The reverse shows a sunrise over a mountain by a shore. Circling around the rim are the words "NOVE EBORACA COLUMBIA EXCELSIOR." This phrase roughly translates to New York land of Columbus ever higher or upward. Also on the reverse Brasher placed his name between the word excelsior and the central design element to let people know that he made the coin. Brasher also punched his initials on the obverse of the coin. Of the seven known examples six have the punch on the wing and one has the punch on the shield. Brasher also applied his punch to some foreign coins he had assayed to let merchants know they were good to accept. You could call these EB marked coins American chop marks. Recent auction prices for the Brasher doubloon are 1.1 million for the punch on the wing and 1.5 million for the punch on the shield.

As a side note, in 1947 John Braham directed a movie titled "The Brasher Doubloon." The Movie based on the novel "The High Window" by Raymond Chandler starred George Montgomery as Phillip Marlowe. The film is a classic example of film noir with the coin as the central element in a plot of deceit, murder and blackmail. The film also stars Nancy Guild, Conrad Janis and Florence Bates.


Coin Quiz

  1. What is the Winged Liberty dime made of?
    1. cheese
    2. bronze
    3. silver
    4. brass
  2. When did the Buffalo nickel start?
    1. 1943
    2. 1999
    3. 1913
    4. 1234
  3. What Latin phrase is on all US coins?
  4. What state was the first to be minted on quarters in 2000?
    1. Delaware
    2. Puerto Rico
    3. South Carolina
    4. Massachusetts
  5. When was the Lincoln Memorial cent started?
    1. 1884
    2. 1957
    3. 1958
    4. 1959

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. c
  2. c
  3. E PLURIBUS UNUM
  4. d
  5. d