Elgin Coin Club Newsletter April 2018 COLLEGIUM NUMISMA Year 25, Issue 3 April Meeting Meeting: 7:00pm April 4 Trading: 6:30 7:00pm Location: Moose Lodge 799 925 S Mclean Blvd. Elgin, IL ECC Meeting 717 Opened: 7:10 Closed 9:00 Members: 20 YNs: 1 Guests: 3 Beginning: $4,652.82 Income: $421.00 Expenses:$745.00Cur. Balance: $4,328.82 Prizes Members: 1Oz Sunshine Ag Round YN: 1968-S nickel, Raffle: 1944 Half Dollar, 1899 Half Dollar, 2003S PF Silver Half dollar, 1954 PCGS cent MS65RD Toned, 2017 1 Oz Walking Silver Dollar, 2009 Mint not opened box of Cent 2 rolls per box AND WE HAVE 6 BOXES, 1942S Dime. Not a member? Come anyway and join the fun! Give your spouse a break and bring your children to the club. April program This month s program will be a very special guest Ray S. Ray will be speaking about half dollar type coins especially the 1700 s and early 1800 s. Come you might see a coin you might never see again. Upcoming Programs April 4 th Ray will talk about grading coins. May 7 th Mike Nottelmann Host of Coin Show Radio. June 6 th Steve Mills on error coins. March minutes Pete called the meeting to order at 7:10. The Treasurers and Secretaries reports were read and accepted. Old and new businesses was discussed. The members discussed the plans for the spring April 2017 Award winning Elgin Coin Club Newsletter Page 1
show. Frank D Atri then spoke about coin auctions, some of the takeaway points were to get a catalog in advance and do your homework to know how much a coin should cost. Also know what the rules are for an auction (No return policy, Buyers premium, ect). Frank then officiated our club auction with about 30 lots and 300 dollars in total sales. Raffle prizes were then drawn and the YN and 50/50 prizes were selected. The meeting adjourned at 9:00. Secretary's Report The members in attendance accepted the Secretary s report as amended in the newsletter. Treasurer s report Balance: $3,722.82 The members present approved the Treasurers report as published in the last newsletter. A detailed breakdown of the club income and expenses was available at the meeting. Old Business The spring show (4-22-18) is getting under way. Most of the tables are sold. It should be a great show. New Business Helpers for the spring show setup should arrive at 6:30. Coffee and donuts will be available. Come and help, the more that come the easier it will be. Prizes Winners of the monthly raffle were: Art (2), John (2), Joe (2), Chris. Member Prize: Mike YN: Nick 50/50: Joe $29.00 Submitted by Arthur Schattke Spot metal Prices 3-21-2018 Gold $1,328.50 Silver $16.61 Platinum $957 The Elgin Coin Club needs YOU! Meetings now at the Moose lodge. Board Meeting On March 20, Pete, Char, Arthur, Howard, Al, Guy, Melissa, Jim, John, and Tim met to discuss club business for the April meeting. There are many raffle prizes and one member s prizes. This month many of the raffle prizes are silver. With all these good prizes the more tickets you buy the better your chances to win. The spring show is set and ready to go on 4-22-2018 at the Holiday Inn Elgin. Every member is welcome to the board meeting the raffle coins are sold to the club at the board meeting Local coin shows February 25 Noon-3p, Viewing at 9:30a Frank D Atri Coin Auction, Doubletree Guest Suites, 2111 Butterfield Road (I-355 and Butterfield Road), Downers Grove, IL February 25 Joliet Coin show March 4 (first Sunday) 9a-3p N.O.I.S.E. First Sunday coin show, Holiday Inn Express, 1550 Dundee rd. Palatine, IL March 11 (Second Sunday) 9a-3p West Suburban Coin & Collectible Expo, Park Place Banquet Hall, 6200 Joliet Rd., Countryside, IL April 8 --- Quad Cities Coin Club Annual Spring Show. Camden Center 2701 1 st street East, Milan IL. April 22 --- Elgin Coin Club. Spring coin show. Holiday Inn, State St. (rte. 31) north of I-90 Elgin IL April 22 --- Central States Numismatic Society Convention. Schaumburg Convention Center, 1551 North Thoreau Drive, Schaumburg IL Show and Tell Don Dool, Showed five coins from the Spanish civil war. Don spoke about finding a long lost friends signature on a note he got in change. Page 2 Award Winning Elgin Coin Club Newsletter April 2017
Coin of the month Susan B. Anthony Dollars By Jim Davis This month the coin of the month is the Susan B. Anthony dollar. This coin is one of the least popular coins ever issued by the mint. Struck only four years, 1979-1981 and 1999, this coin is a prime example of what can go wrong when politicians get involved in coin designs. As early as 1977, plans were underway to replace the large, noncirculating IKE dollar with a smaller coin. Another reason to issue a small dollar coin was to replace paper dollar bills. The logic being was paper dollars only last about 18 months while dollar coins can last decades. After given the assignment to design a small dollar coin, Frank Gasparro s first effort was to re-imagine Liberty with flowing hair like the images from the 1790 s. This is when the politicians stepped in. They insisted instead of Liberty a portrait of a famous woman be used. After some debate, they chose Susan B, Anthony, a famous suffragette. Legislation for this coin was quickly passed by the Democrats and signed into law by President Carter. Physically the coin is copper-nickel clad similar in composition to the current dime, quarter and half. The coin is sized midway between the quarter and half at 26.5mm. The weight of the coin is 8.1 grams and has a reeded edge. Despite the difference in size and weight, many people still confused this coin with the quarter. Some even mocked the coin referring to it as the Carter Quarter. The obverse depicts Gasparro s uninspired portrait of Anthony circled by 13 stars, In God We Trust and the date. The inner edge is designed to give the illusion of being an 11-sided coin. The mintmark appears above the shoulder behind the head. This is the first circulating coin since 1945 to bear a P mintmark and the first to use the S mintmark since 1974. The following year, the P mintmark was added to nickels, dimes quarters and halves. The reverse is a direst copy of the IKE dollar. I feel the coin despite its negative aesthetics is an interesting set to assemble. There are 15 coins in the basic set. If you add the three major varieties, the total increases to 18. The first variety is the 1979-P near date or wide rim. The difference in the rim is minor but when seen side by side is noticeable. The next varieties are on proof coins. In 1979, proofs were struck with a blob-like mintmark. Sometime mid-year, the dies were re- April 2017 Award Winning Elgin Coin Club Newsletter Page 3
made using a clearer S. In 1981 the mintmark was again altered mid-year. In both cases the second variety is more valuable. Complete sets of Anthony dollars are easily purchased. The basic set generally sells in the $75-100 range while the set with all varieties can run in the $200-225 range. As with most clad coinage certified high grade business strikes are scarce and very expensive. Page 4 Award Winning Elgin Coin Club Newsletter April 2017
Coin Club A.N.A. 1028457 P.O. Box 561 I.N.A. 1299 C.S.N.S. R6906 South Elgin, IL 60177 ecc@worksandwords.com elgincoinclub@gmail.com President Pete McCoy Vice President Howard Curtis Schattke Treasurer Charlene Beal Secretary Arthur Regular Meeting: First Wednesday 7:00pm Moose Lodge 799 925 S. Mclean Blvd. Elgin, IL Visitors are always welcome Board Meeting: We have a board meeting about two weeks after the regular meeting. We get together at one of the officer or board member's houses or at a location otherwise determined by the officers. This is an open meeting. Members are welcome to all board meetings. If you want to attend, contact an officer for the time of and directions to the meeting place. Internet: The club has a home page on the internet at www.worksandwords.com. You can view the monthly newsletter there about three or four days after it is sent out to the members. Club Dues: Membership dues in the Elgin Coin Club, payable by the end of February each year, are: $5 junior member (YNs) under 18 $20 family membership (all adults and children in the family) Newsletter editor: Arthur Schattke. Contact me at P.O. Box561, South Elgin. IL 60177 or at the above email address. Submit all items for publication to the editor or any officer at any club meeting or send them to the above address. If you compose on a computer, please include an electronic copy of the item. That really helps. 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 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. Your business card can also appear here for just $12 per annum. To get back copies of the Elgin Coin Club Newsletter ask the secretary at the meeting, send a letter to the club post office box, or send an email. You can also print them from the Internet. April 2017 Award Winning Elgin Coin Club Newsletter Page 5