Monthly Newsletter of the Anchorage Coin Club The Award Winning Membership meeting first Tuesday

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1 Monthly Newsletter of the Anchorage Coin Club The Award Winning Membership meeting first Tuesday each month Volume 27, Number 10 October 2014 October Membership Meeting Tuesday, October 7, 2014 Central Lutheran Church, 15 th & Cordova 7:00 PM Membership Meeting October 7 th at 7pm Presentation on 1909 cents and coinage by Stan Mead Coin Auction Potluck please bring a potluck item, side dish,or dessert Raffle: 1913 P Type 1 Buffalo Nickel PCGS MS65 September 2 nd Anchorage Coin Club Membership Meeting Membership meeting called to order at 7:15 pm. Vice President Stewart Smith chaired this meeting. First order of business was election of new club president.as President Glen Dean is relocating to the Lower 48. Club member Allen Nichols was subsequently elected and will serve in that position until our next club officer elections in March Congratulations were given to Allen by club members present at the meeting. Following election, monthly door prizes were awarded: Series 1953 $2 Red Seal Note in XF condition won by Dean Sawyer, Series 1934D $5 Silver Certificate won by Dave Everidge. On the matter of old business, it was announced that for the time being, our club tables and cases will be stored by Carl at the University Center. However, this is only a temporary solution and we will need to see if club member(s) can store these items at their homes. If not, we may have to go to the expense of renting a storage facility location for these items. These items are used by our coin club for our coin shows held every year. Also discussed was the club s next coin show. Briefing by Carl. Carl is looking for a confirmed date to conduct the coin show to coincide with the release of the Permanent Dividend checks on October 2 nd. Carl is presently working with the University Center to secure a weekend near that date. Date to be announced in this month s newsletter. Members wanting tables for this coin show can get with Carl (907) to secure table(s). Raffle prize: 1887-P Morgan Dollar PCGS MS63+ won by Stan Mead. Following the raffle prize drawing, the monthly coin auction was held. Following the auction, we then conducted our quarterly Buy-Sell-Trade session for the duration of the meeting.larry Nakata/Secretary. 1

2 September 17 th Meeting Anchorage Coin Club Board Minutes of the Sept 17 th Board member was taken by Carl. Secretary Larry Nakata was on vacation down in the Lower 48 that week. Board meeting held at the YamatoYa Japanese Restaurant (located near the University Center) There was not very much club business needing to be addressed at Board meeting. Carl did not have a confirmed date for the club s October Coin Show as of this Board meeting. Carl indicated that he will have a weekend confirmed by the time of our club s newsletter. Members wanting tables for this coin show and contact Carl to secure reservations (907) Only other business discussed was the agenda for our next club membership meeting on October 7 th (First Tuesday of October). Stan Mead will be giving a presentation on U.S. Cents in Members are asked to bring a potluck dish as refreshments for the October 7 th meeting. For our next club meeting on October 7th, 7 pm Stan Mead will be doing a presentation at the October 7 th meeting on 1909 coinage. Dates for the upcoming Coin Show will be October 18 th and 19 th at the University Center. Members wanting tables for the October Coin Show can contact Carl at (907) We will be having a potluck for the upcoming meeting. Club members are encouraged to bring a potluck dish. The club is in the process of building an list to be able to send out the monthly newsletter in pdf format to members We are asking for club members to consider helping the club store showcases and tables. Monthly Raffle Prize will be a 1913 P Type 1 Buffalo nickel PCGS MS-65. Raffle tickets will be $5 each, 5 tickets/$20, or 11 tickets/$40. We are now having Dan Barnhart (that s me!) help out with the newsletter. Board meeting was subsequently concluded following dinner at the Yamato Ya Restaurant.Carl/ Board Member. My friend Roy: It has been a while since Roy Brown left us. Every time I drive down Spenard Road I always think of Roy and his coin shop. I remember that he was always happy to see me walk in his front door and he was always helpful and patient in answering my questions I had about coins and numismatics in general. He also let me keep a cardboard box in his safe with my name on it for the high dollar coins that I would purchase from him in layaway. I remember picking up a nice $5 gold piece from him. He would say May it bring you a million dollars of joy. Dan Barnhart 2

3 Troy Ounce vs Ounce Coins Submitted by Bill Fivaz for Oct 7 th Membership Meeting/Coin Auction S Lincoln Cent 3 errors MS-65 Red No Minimum Bid "1 Troy ounce contains 2.75 grams more"... So what is the difference between a Troy Ounce, and a standard ounce. This is a very common question, and one that most people have trouble answering without some reference. Surprisingly there are 2 totally different methods for calculating silver/gold vs the method used to calculate everything else. The most likely explanation is that Gold, Silver, and even Gun Powder are such universal and important materials, that a standard measurement system is not an option but a requirement. That unfortunately means that the people from the United States are at a small disadvantage, when it comes to properly measuring these things with the standard machines we might use in day to day life. Exact measurements are as follows 1 troy ounce = grams or 480 grains 1 ounce = grams or grains Basic elementary school math will tell you that 1 Troy ounce contains 2.75 grams more of metal than the standard ounce. So an ounce of Gold would weight grams more than an ounce of sugar S Buffalo 5c Strong Rev. Strike MS-65 Minimum Bid (MB) $ D Mercury 10c MS-66 FB MB $ D Mercury 10c MS-66 FB MB $ Washington 25c Clip XF MB $ P Washington 25c Full Partial Collar (Railroad Rim) BU MB $ O Morgan Dollar MS-63 (Semi Proof-like) MB $ D Peace Dollar Large Obv. Die Crack MS-63+ MB $65 9. Rhode Island Store Card Token XF-45 MB $ S Silver Proof Set (14 coins) MB $ Original Hobo Nickel MB $ Old (1963) Indian/Lincoln Cent Error Book MB $5 13. Set of ten (10) Spenard Fireside Lounge Alaskan Tokens (all different denominations) UNC MB $ Donation: Three (3) Counterfeit Detection Books (autographed) Contributed by Stan Mead 3

4 ANCHORAGE COIN CLUB MEMBERSHIP APPLICATION NAME: ADDRESS: CITY: STATE: ZIP: TELEPHONE (HOME): (BUSINESS): MY COLLECTING INTERESTS ARE: SIGNATURE DATE: MEMBERSHIP FEES: $25/YR REGULAR MEMBERSHIP $10/YR YOUNGSTERS & SCHOOL AGED CHILDREN UP TO GRADE 12 $10/YR FOR SENIORS, HANDICAPPED MEMBERS, AND ASSOCIATE MEMBERS LIVING OUTSIDE OF ANCHORAGE APPLICATION WITH CHECK CAN BE MAILED TO: ANCHORAGE COIN CLUB/ PO BOX / ANCHORAGE, AK

5 Alaska Mint 429 West 4 th Avenue Anchorage, AK (907) FAX (907) Bring your visiting friends & family downtown. Custom Minting and Engraving Available CARL S YOUR LOCAL ALASKAN JEWELER OVER 55 YEARS OF QUALITY SERVICE! We specialize in customer service. We buy and sell rare coins, currency, collectibles, memorabilia, gold, silver, platinum, diamonds, antiques, jewelry, fine art. We also do consignments, estate liquidations, appraisals, custom framing, expert watch and jewelry repair. Free estimates. Life member American Numismatic Association, Anchorage Coin Club, Jewelers Board of Trade. University Center 3901 Old Seward Hwy Ste. 2 Anchorage, AK coininfo@alascoin.com (907) 561- CARL FAX (907) Bid on our Ebay auctions = alascoin Authorized Dealer PCGS*NGC*ANACS*ICG*PMG*CGA*SEGS DEBBIE S OLD COINS & Collectibles L.L.C. BUY and SELL Coins & Paper Money, Gold Nuggets, Alaska Tokens, Ancient Coins, Appraisals Oldest, Largest Coin Dealer in the MATANUSKA VALLEY Mile 48.5 on the Parks Highway 10 AM 5:00 PM Tuesday through Saturday Closed Sunday and Monday oldcoins@mtaonline.com (907) or (907) FAX (907)

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7 ANCHORAGE COIN CLUB OCTOBER 7 MEETING RAFFLE Tickets $5 each, 5 tickets for $20, or 11 tickets for $40. Purchase and Drawing at October 7 th meeting P Buffalo Nickel Type 1 (buffalo on mound) PCGS MS-65 Gray-gold toning. Like us on Facebook Anchorage Coin Club P.O. Box Anchorage, Alaska Route To: 7