N.O.W. News
Vol. 49 No. 1
Spring 2011
Numismatists of Wisconsin
May your pockets be heavy and your heart be light May Good Luck pursue you each morning and night! Happy St. Patrick ’s Day!
Numismatists of Wisconsin
is incorporated in the state of Wisconsin as a non-stock nonprofit tax exempt corporation.
Contributions are tax deductible
The objective of Numismatists of Wisconsin is to encourage and promote interest in numismatics, to cultivate friendly relations between Wisconsin coin collectors and Wisconsin coin clubs, and to encour- age and assist new numismatic hobbyists. All resources of the organization shall be used to further these objectives. Dues are $10 per year and entitles participants to NOW News, this quarterly publication. Among the services offered are coin authentication, a Speaker’s Bureau, show calendar coordination and guidelines to assist coin clubs hosting the annual NOW convention.
Numismatists of Wisconsin holds Life Memberships in the American Numismatic Association and Central States Numismatic Society.
Spring
2011
NOW President’s Message 3
ANA 5-6
Coin Club News 6-7
BookNook 8-9
What’s New?... 10-20
Coin Club Meetings 31
NOW Officers & Application 33
Show Calendar 34-35
Articles
Abandon Ship - S.S. Wisconsin (T. Casper) 21-23
Privately Issued Jason Islands Notes (D. Watermolen) 24-25
Currencies Across the Ages 26-28
Irish Coins for St. Patrick’s Day 29-30
Origami Magic 30
NOW News Deadlines
February 1, May 1, August 1 and November 1
website www.numismatistsofwisconsin.org
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President’s
Message
by Thad Streeter
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President’s Message Not Available
Gerald Zocher #1494
We were recently notified by Lois Zocher that her husband, Gerald, died on December 3, 2010. He will be greatly missed as a long-time, active member of the Wisconsin Valley Coin Club. Gerald was very dedicat- ed to the hobby of coin collecting, and held several officer positions in the club, with a special interest in Kennedy Half Dollars and Elongated Cents. He joined NOW in May 1 , 1988.
Happy
St. Patfy Vay
Sad News...
Jerry Crain #1293
Jerry Crain died on November 5. 201 0. Jerry was well known in Janesville and Wisconsin numismatic circles. He was a soft-spoken, friendly loner and a very knowledgeable vest pocket dealer specializing in Norwegian and German coins.
Jerry helped more than a few young collectors with his shared wisdom and advice, including myself, over the last 40 years that I have known him.
Jerry joined NOW in 1 978 and will be missed by all who were privileged to have known him.
Fred Borgmann
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Fox Valley Coin Club
303 E. College Avenue Appleton, WI
56th
Annual Spring Coin Show
Sunday, April 1 7, 201 1 9:00 a.m. to 4:00 p.m.
New Location
Monarch Gardens
2311 W. Spencer St. Appleton, WI
U.S. $5 Gold Piece - 1st prize Silver Dollars, Proof Sets Plus other valuable prizes
Drawings 3:00 p.m.
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National Coin Week April 17-23
“Blue, Gray and Greenbacks” is the theme of this year’s National Coin Week. The week long celebration of coins and currency will commemorate the sesquicentennial of the Civil War and the numismatic changes during the conflict, which began at Fort Sumter, SC on April 1 2, 1 861 .
Civil War Scavenger Hunt
Beginning March 1 4, weekly video clues will be distributed on the ANA website and promoted online, challenging participants to hunt for Civil War-related numismatic objects. The activity will follow a virtual tour of battlefields and other important places during the war. Participants who complete the hunt and report their findings are eligible for a prize drawing at the ANA. To receive video clues each week, send your e-mail address to ANA at ncw@moneyrorg with the subject NCW Hunt.
Club Trivia Challenge - Clubs take part in a competition testing Civil War numismatic knowledge and research. The trivia challenge was distributed March 1st, and clubs will have until April 30th to complete and return to the ANA. To register your club and receive bookmarks, buttons and other promotional material, e-mail ncw@money.org. Prizes will be awarded to clubs and individuals.
ANA Summer Seminar
Session 1 Session 2
June 25-July 1 July 2-8
For many collectors, Summer Seminar is a life- changing event. It has catapulted the careers of many of the nation’s most successful numismatic collectors, authors and dealers, and guided young numismatists to become hobby leaders.
Now celebrating its 43rd year, Summer Seminar features a lineup of classes to meet virtually every collector’s needs, including ancients, paper money, counterfeit detection, grading, the Civil War digital photography, Lincoln cents, hobo nickels, medals, tokens and more. Students meet and learn from the hobby’s most prominent scholars, rising young stars and successful business leaders. You’ll learn not only from instructors who are recognized leaders in their fields, but also from the collective experiences of fellow students, who range in age from 1 3 to 90.
For more information phone 719-482-9849.
The Old West Comes Alive March 20-23
Following the ANA National Money Show in Sacramento, visitors will tour the mines and towns of the Comstock Lode and spend a day at the Nevada State Museum, formerly the Carson City Mint. You’ll learn about the mint’s history, its errors and learn about the cancelled coin dies found buried in the parking lot.
continued...
Carson City Mint, Carson City, NV
5
The Carson City Mint was a branch of the Unit- ed States Mint. Built at the peak of the silver boom, 50 issues of silver coins and 57 issues of gold coins minted here between 1 870 and 1 893 bore the “CC” mint mark.
The Mint was established in Carson City to facilitate minting of silver coins for silver in the Comstock Lode, somewhat like how the San Francisco Mint was established to facili- tate minting gold coins from the gold of the California gold rush. From 1895 to 1933, the building served as the U.S. Assay Office for gold and silver. The Federal Government sold the building to the state of Nevada in 1 939.
The building that housed the mint was first designed by Alfred Muilett after he became Supervising Architect of the Department of the Treasury. The construction supervisor was Abraham Curry, also known as the “Father of Carson City.” The simple Renaissance Revival style stone facade has a pair of round- headed windows and a center portico. Today it is the home of the Nevada State Museum.
* * *
Milwaukee Numismatic Society Newly elected officers are:
President:
Vice President Treasurer Secretary Sgt. At Arms 3-year Trustee
Leon Saryan Jim Heinrich Lee Hartz Joe Paonessa Bob Burlingame Tom Dallmann
At the December meeting Cliff Mishler presented to MNS a plaque from the ANA recognizing the 75th anniversary of the club.
He also presented an ANA Presidential Award as a thank-you for the contributions to the numismatic hobby to Dave Hunsicker.
Congratulations to Leon Saryan, MNS Presi- dent and NOW Board member on his retire- ment from the position of Director of Indus- trial Toxicology at ACL Laboratories (Aurora) located at West Allis Memorial Hospital.
Racine Numismatic Society
Several exhibits made the January 1 3th meeting at the Castlewood Restaurant more interesting. Jerry Binsfeld had a legal proof coin from Gambia weighing about 5 pounds. It shows a pride of lions on one side and the Gambia coat-of-arms on the other. He purchased the coin at a cost of $1 ,099 and with today’s silver prices, the owner has nearly recouped his cost. There were only 999 of these coins made and this particular issue was number 56. Joe Paonessa had encased three cent postage of a sarsaparilla. During the Civil War era there was a shortage of coins so stamps were used as currency. Since paper does not wear well, a button maker named John Gault modified his equip- ment to make holders for the stamps.
Fox Valley Coin Club
Members are finalizing plans for their annual spring show to be held April 1 7th. If you plan to attend, note that the show will be held at a new location - Monarch Gardens, 2311 W. Spencer Street in Appleton.
Madison Coin Club
At the February meeting, members viewed a video on “Top 10 Mistakes Made by Begin- ning Coin Collectors” following the video members shared mistakes they had made.
201 1 officers are:
President Tom Galway
Secretary: Payden Allen
Treasurer Nate Isely
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Barron County Coin Club
New officers were elected for 2011 :
President Vice President Secretary Treasurer
Roy Crowell Dennis Grivna Karen Kwallek Sue Peterson
MNS Donates Numismatic Book Collection to Greenfield Public Library
Dr. Leon Saryan, presents book collection to Sheila O ’Brien, Greenfield Public Library Director.
Greenfield Police Department Issues Challenge Coins to Citizens
[MNS article submitted by Leon Saryan]
The Greenfield Police Department has issued a so-called “challenge coin” (it’s actually a medal) awarded for exemplary service to the department by members of the public. In a recent case, two members of the Greenfield Department of Public Works observed suspicious activity in a neighborhood where they were performing maintenance on city trees, and notified police by calling 911. The prompt report made it possible for police officers to arrest two drug dealers.
According to Police Deputy Inspector Brad Wentlandt, “When a citizen does something good like this we bestow upon them the coin. It’s a symbol of the partnership of trust between citizens and the police department.”
The medal shows the badge of the Greenfield Police on the obverse and the logo of the city of Greenfield on the reverse. Legends along the edge read “GREENFIELD
The Milwaukee Numismatic Society donated 20 numismatic reference books worth about $800 to the Greenfield Wl Public Library.
The donation (completed last October) included new Red Books and Krause-Mishler Standard Catalogs covering world coins, world gold coins and world paper currency. Topics as diverse as ancient coins and modern United States coinage were included in the collection. Racine dealer Bill Spencer procured the books for the club.
This donation was made possible by the MNS with support from the Central States Numismatic Society, which has member clubs in Wisconsin and other Midwestern states.
The MNS is interested in identifying similar opportunities to provide numismatic education to the public. Greenfield, a suburb of Milwaukee.
POLICE WISCONSIN /PLEDGED TO PROGRESS EST. 1 962” The medal is about one and one half inches in diameter and is enameled in several colors.
Unfortunately, the medal is not available for sale to collectors.
* * *
7
Book Nook
Canadian Coin Digest
[by George S. Cuhaj and Thomas Michael]
Collectors of Canadian coins will find this comprehensive book, new from Krause Publications, a must-have reference.
Produced by the Standard Catalog of World Coins staff, Canadian Coin Digest covers everything from the earliest unified coins of 1 858 to today’s innovative releases from the Royal Canadian Mint.
The affordable portable reference features more than 1,200 photos and illustrations, thousands of up-to-date value listings reflecting current precious metals prices; accurate mintage figures, KM identification numbers and detailed descriptions, and comprehensive coverage of new issues from the Royal Canadian Mint.
The book is edited by George Cuhaj with market analysis from Tom Michael. The 256 page soft-cover book can be purchased online for U.S. $8.76. For more information visit www.shopnumismaster.com/ canadiancoindigest/world. coins.
different series of Federal Reserve notes in denominations from $1 through $100. Star or replacement notes are also covered. It has a soft cover, is spiral bound and contains 448 well-illustrated pages. It is the same size as most of the Whitman “Redbook” references. The foreward was written by noted author Art Friedberg and he said the book is especially valuable to collectors and dealers at every level. The book lists the key notes for each denomination, which is especially useful since the number of notes printed does not always tell the whole story of what is truly scarce.
This Collector’s Guide to Modern Federal Reserve Notes is written in an easy-to- read and understand format. The 9-page introduction contains all the preliminary information you will need if you want to start collecting these small size notes. You’ll learn how to differentiate between the notes printed in Washington and Fort Worth; how notes are laid out on a 32-subject sheet; the elements of Federal Reserve notes, and just what is on the face and back of each note. We recommend that you always call paper money face and back, not obverse and reverse. The introduction also contains: The different ways to collect the notes; how to use the book; selected paper money terms; low and fancy numbers; mules, runs (there are 1 5 different runs in current $1 Federal Reserve Note production. A run consists of 6,400,000 notes); series and district designators and finally serial numbers.
The author spent countless hours researching the information for this reference. The oldest Bureau of Engraving and Printing (BEP) Report he could find was for 1 976 and he went on to say that many printings were omitted or the wrong information was given for these reports. Over many years, we have seen Robert looking at auction lots and attending just about every major paper money sale held. He also had bourse tables (or an early-bird badge), at most of the major coin and paper money shows. At these events he was constantly asking collectors and looking
Collector’s Guide to Modern _ Federal Reserve Notes, Series SBES 1963-2009
Robert Azpiazu
[reviewed by John and Nancy Wilson)
This recently released Whitman Publishing LLC, book by Robert Azpiazu is another in a long line of “An Official Whitman Guidebook(s).” The reference covers 29
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at dealers stocks of small size Federal Reserve Notes. Over the course of all these years of research, searching for needed information, buying and selling; he has listed prices for these notes which are a true barometer of just where the market stands for the information contained in this reference.
We collect small size Federal Reserve notes and many times we are just not sure how common or scarce a note is that we are about to purchase. With this easy-to-carry reference, we can look up the information with ease and know exactly what a note is worth. Though other paper money references include the pricing of the notes which are covered in this book; we feel this reference is the one to have for this series of notes. Author Robert Azpiazu has given us a reference that will enhance the collecting of small size Federal Reserve notes. Some of the later issues of these notes can still be found in banks for face value. This reference will also be very useful from what ever source you are using to either buy or sell notes listed in the book. We have many small size FRN’s in our collection, and with this reference we can review the notes and we can determine which are common and which are scarce.
Both the dealers and collectors now have a very useful guide to price their collection or stock in a fair and equitable manner. We highly recommend this book for any numismatist or non-numismatist. Quoting Dennis Tucker, the publisher of this book for Whitman, “We feel this book has the same potential to revolutionize and invigorate paper money variety collecting that the Cherrypickers’
Guide had for the U.S. coins back in the early 1 990’s. We wholeheartedly agree and think that a steady and upward movement is in the cards for the series of notes covered in this reference.
The retail price of this book is $29.95. For information on the book or purchasing a copy, contact Whitman Publishing, LLC, 3101 Clairmont Road, Suite B, Atlanta GA 30329 or phone 800-546-2995 or visit their website whitmanbooks.com.
A Guidebook of Franklin and Kennedy Half Dollars
by Mark Tomaska
[reviewed by John and Nancy Wilson}
This Guidebook of Franklin and Kennedy half dollars, is a 304-page soft cover book and is the 1 5th entry in Whitman’s bestselling Bow- ers Series of numismatic reference books. Franklin and Kennedy half dollars are not only a popular series, but very affordable.
The book mainly gives detailed coin-by-coin information by date, mintmark and die vari- ety of both Franklin half dollars and Kennedy half dollars. This study gives tips for smart buying along with variety characteristics and mintages and certified populations.
Rick Tomaska specialized in high grade proofs and cameo and deep cameo proofs as early as the 1 980s. He also specialized in full bell lines on the Franklin half as well. The actual production of the coins, including the preparation of the dies and planchets along with their influence on the finished coins is covered. A full color picture of every coin in the two series is also shown.
Nine pages of beautiful- ly toned coins and their certified grade are also included for compari- son. This book cov- ers all the informa- tion you would ever want to know about the series.
For more infor- mation on this reference, which sells retail for $1 9.95, you can contact
the publisher at Whitman Publishing phone 404-235-5350 or visit the Whitmann website at www.whitman- books.com.
2011 Native American $1 Coin
The theme for the 201 1 Native American $1 coin is “Supreme Sachem Ousamequin, Massasoit of the Great Wampanoag Nation Creates Alliance with Settlers at Plymouth Bay (1621).”
Treaties with Tribal Nations
Within Native American culture, the ability to make peace was historically as highly prized as leadership in war and often conducted by a separate peace chief, who stepped in when the time for the warriors had passed. For centuries, tribes created alliance with each other that spanned hundreds of miles. One of the first treaties for a mutual alliance with settlers in what
became the United States of America occurred between the Puritan settlers at Plymouth and the Massasoit of the Pokanoket Wampanoag in 1621. Historians credit the alliance with the Massasoit with ensuring survival of the Plymouth colony.
From the Declaration of Independence until 1 868, the U.S. made some 370 treaties with Indian tribes. Congress suspended formal treaty-making in 1 868, but since then, government-to-government relations between the U.S. and sovereign tribes have taken a variety of other legal forms. Current U.S. policy states that federal relations with recognized tribes are conducted on a government-to-government basis.
In the spring of 1 621 , Ousamequin, the Massasoit (a title meaning head chief) of the Wampanoag Indians made a formal treaty with the English who settled at Patuxet (in what is now Plymouth, Massachusetts). The document might well be the first written treaty between an indigenous people and European settlers in what is now the U.S.
It consisted of six provisions, recorded in William Bradford’s “History of Plymoth Plantation”.
Massasoit promised to defend the Plymouth settlers against hostile tribes in return for their intervention if his people were attacked. His intermediaries - Tisquantum, Samoset and Hobbamack - gave the settlers invaluable tips on survival. The Plymouth settlers honored the treaty later that summer by coming to Massasoit’s rescue when they thought he had been captured by enemies. In mid-October 1621, Massasoit and 90 of his tribesmen celebrated a harvest feast at Plymouth for three days. The 1 621 feast inspired the legend of the first Thanksgiving, as it was called 220 years later. The treaty at Patuxet lasted more than 50 years.
★ ★ ★
The reverse design features hands of the Supreme Sachem Ousamequin Massasoit and Governor John Carver, symbolically offering the ceremonial peace pipe after the initiation of the first formal written peace alliance between the Wampanoag tribe and the European settlers. The design includes the required inscriptions,
UNITED STATES OF AMERICA and $1 , along with the additional inscription WAMPANOAG TREATY 1621.
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2011 Presidential $1 Dollar Coins
Last December the United States Mint released the design images for the 201 1 Presidential $1 Coins.
The dollars feature portraits of former Presidents Andrew Johnson, Ulysses S. Grant, Rutherford B. Hayes and James Garfield.
They mark the 1 7th through the 20th dollar coins to be issued in the U.S. Mint Presidential $1 Coin Program which began in 2007. Every year there are four new $1 coins that honor former chief executives in the order in which they served as President on the obverse and the same image of the Statue of Liberty on the reverse.
The reverse was designed by United States Mint Sculptor-Engraver Don Everhart and also includes the inscriptions “$1 ” and “UNITED STATES OF AMERICA”.
Andrew Johnson 1865-1869
This Presidential $1 Coin was the first strike in 2011 which was released last month.
Andrew Johnson was born in 1 808 in a shack in Raleigh, North Carolina that still stands. As a “poor white” of lowly parentage, he is the only president that never spent a single day in a schoolroom.
On the edge of every dollar coin are the inscriptions “E PLURIBUS UNUM” “2011” the mint mark and 1 3 stars.
In addition to the portrait, each coin’s obverse features inscription of the President’s name, the years in which they served, a number showing the order in which they served and the motto “IN GOD WE TRUST’.
The coins will be released in approximately 3 month intervals throughout 2011.
His father died when Andy was only three. A few years later he and his older brother were bound out to a tailor, to be fed and clothed for their work until they became 21 . After two years of bondage both boys ran away and worked for awhile as journeymen tailors in South Carolina and upon their return to Raleigh they found that a reward of $1 0 had been posted for their capture. Consequently, they went to Greenville, Tennessee where Andy opened a tailor shop. In this mountain town he met and married Eliza McCardle who taught him to read and write.
An apt pupil with a flair for oratory, Johnson soon got into politics and battled his way up- ward to the United States Senate. Although
he was a southern Democrat and a slave owner, Johnson alone among the 22 southern senators had the courage to stand up against an overwhelming sentiment in his own state. At Lincoln’s request he left the senate to take the job of military govern of Tennes- see. While he was serving in that post he was nominated vice-president.
This coin honors the 1 7th President of the United States who assumed the office after the assassination of President Abraham Lincoln. He had recently been elected to the position of Vice President owing to his strong Union views despite being a Senator from a southern state.
He became an adept stump speaker, championing the common man and vilifying the plantation aristocracy. As a member of the U.S. House of Representatives and Senate in the 1 840s and 1 850s, he advocated a homestead bill to provide a free farm for the poor.
President Johnson proceeded with a moderate approach to reconstruct the southern states. Radical Republicans in Congress, however, had their own plans and again placed southern states under military rule. They passed laws placing restrictions upon the President. When Johnson allegedly violated the Tenure of Of- fice Act by dismissing Secretary of War Edwin Stanton, the House of Representatives voted 1 1 articles of impeachment against him. He was tried by the Senate in the spring of 1 868 and acquitted by one vote. While he was President, the U.S. acquired the Alaska terri- tory and Midway Island in the Pacific.
After leaving the presidency, Johnson went back to Tennessee remaining politically ac- tive. In 1 874, Tennessee returned Johnson to the Senate, making him the only former President to have served in the Senate. He died a few months later on July 31 ,1 875.
★ ★ ★
First Spouse Gold $10 Coin
Eliza Johnson
1865-1869
This First Spouse $10 gold coin is the first proof strike of 201 1 released by the U.S.. Mint to hon- or the spouses of the former Presidents of the United States and the 1 8th for the program as a whole.
Each coin is minted from West Point in both proof and uncirculated condition for collectors with pricing that can change weekly, depend- ing on the price of gold. Mintage levels for the gold pieces have varied over the years with new issues coming in at a low 1 5,000 across both product options.
Eliza McCardle Johnson was born on October 4, 1 81 0 in Greenville, TN and married Andrew Johnson on May 1 7, 1 827 at the young age of only 1 6. Decently educated, Eliza tutored her husband who could barely read at the time of their marriage. With her help he con- tinued to learn and to pursue his ambitions until he eventually became the Vice President of the United States under Abraham Lincoln.
Eliza was a quiet, sweet-dispositioned woman who was so weakened by tuberculosis that she made only one public appearance during her almost four year’s residence in the White House. Due to her poor health, she rarely acted as hostess, leaving the First Lady du- ties to her married daughter, Martha Johnson Patterson. During their final days in the White House they celebrated the President’s 60th birthday with a ball to which more than 300 invitations were sent to the sons and daugh- ters of Washington officials, diplomats and White House staff. Because of her declining health, the first lady greeted every guest while seated to the side in an armchair.
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Gettysburg National Military Park Quarter
The Gettysburg National Military Park quarter is the first to be released in 2011, and the 6th overall in the America the Beautiful Quarters Program.
The Gettysburg quarter was released in a ceremony held at the National Military Park Visitor Center on January 25th.
The Battle of Gettysburg was a turning point in the Civil War, the Union victory in the summer of 1 863 that ended General Robert E. Lee’s second and most ambitious invasion of the North. Often referred to as the “High Water Mark of the Confederacy,” it was among the war’s bloodiest battles, with 51 ,000 casualties. It also provided President Abraham Lincoln with the setting for his most famous address. It was the Gettysburg Battlefield Memorial Association, a group of concerned citizens, that first set out in 1 864 to preserve the battlefield as a memorial to the Union troops who fought there. The park is well-known for its many monuments and memorials, the majority of which were placed by veterans of the battle.
On February 1 1,1 895, the battlefield was transferred to the federal government as Gettysburg National Military Park.
The reverse image depicts the 72nd Pennsylvania Infantry Monument, which is located on the battle line of the Union Army at Cemetery Ridge. Inscriptions are GETTYSBURG, PENNSYLVANIA, 201 1 and E PLURIBUS UNUM. Design candidates were developed in consultation with representatives of Gettysburg National Military Park.
The Glacier National Park Quarter
The Glacier National Park quarter is the second to be released in 201 1 and the 7th overall in the America the Beautiful Quarter Program.
The park is named for its prominent glacier-carved terrain and remnant glaciers descended from the ice age of 1 0,000 years ago. Glacial forces, ancient seas, geologic faults and uplifting all combined to create some of the most spectacular scenery on earth.
Known to the Blackfeet as the “Backbone of the World,” Glacier National Park preserves more than 1 million acres of forests, alpine meadows, lakes, rugged peaks and glacially carved valleys in the Northern Rocky Mountains. These lands were first set aside as a national reserve on February 22, 1 897.
The reverse image depicts a classic view of the northeast slope of Mount Reynolds towering in the distance, while a
mountain goat clamors over the rocky slopes of the park’s high country.
Inscriptions are GLACIER,
MONTANA,
201 1 and E PLURIBUS UNUM. Design candidates were developed in consultation with representatives of Glacier National Park.
[source: U.S. Mint] * * *
13
Senate Repeals IRS 1099 Form Reporting Requirement
by Darrin Lee Unser 2/7/11) www.coinnevvs.net
A bipartisan amendment that recently passed in the United States Senate may mean good news for coin dealers, collectors and other businesses. It seeks to repeal the IRS 1099 form reporting requirement put in place by the Patient Protection and Affordable Care Act which passed and was signed into law last year.
If the new law is left unchanged, it would require all businesses and other organizations to report any goods and services valued in excess of $600 with an IRS 1099 form beginning in 2012. Consequently, many coin transactions are subject to the new stipulations.
For example, if a coin dealer purchased over $600 (even spread throughout the entire taxable year) of products from another dealer, a 1 099 form would have to be issued acknowledging the transactions. The paperwork does not stop solely at businesses, however. Even if a private collector were to sell over $600 worth of coins, they would need to issue an IRS 1099 form and report in it the buyer’s name, address and even their social security number.
After many months and several attempts to strike down the 1 099 reporting requirement, the US Senate passed a repeal of the measure on February 2. Senator Debbie Stabenow (D-Mich) filed an amendment to the Federal Aviation Administration Reauthorization bill to eliminate the paperwork mandate.
“Today we provided a common-sense solution for business owners so they can focus on creating jobs, not filling out paperwork for the IRS” said Senator Stabenow. “Since last year, I have worked with my colleagues on both sides of the aisle to address this problem. If left
unchecked, 40 million small businesses would see their IRS 1099 paperwork increase 2000 percent.”
The measure received support from both sides of the aisle. In fact, it passed through the Senate with a vote of 81 -1 7, likely helped by the many organizations who also sought the change like the American Numismatic Association, the U.S. Chamber of Commerce and the National Association of Manufacturers.
President Obama addressed the issue included in the Health Care Act during his recent State of the Union address on January 25, 201 1 , when he stated:
“We can start right now by correcting a flaw in the legislation that has placed an unnecessary bookkeeping burden on small businesses.” That comment signals his support of the change and his likelihood to sign it into law if presented the option.
For the 1 099 form reporting requirement to be appealed, the amendment must also pass in the U.S. House of Representatives and get signed by the President.
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General Coin & Gun Exchange
Brian Zinn
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2832 London Road, Eau Claire, Wl 54701
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It Took 84,000 Pennies,
But Mom’s Giant Coin Really Makes Cents
That’s how one cash-strapped Michigan woman obtained the 84,000 pennies she used to construct a gigantic replica of a 1 <t coin, which won her artistic acclaim and allowed her to share her inspirational story.
Wander Martich says she only started building her massive coin after she was forced to pinch pennies when she went through a divorce, lost her home to foreclosure and lost her job in 2006. That’s when Martich’s daughters (ages 6 and 9) gave their mom the loose change they had been saving in their piggy bank. Martich put her kid’s pennies in an empty water jug, which she continued filling with $20 of pennies from each pay check after she found a job.
Last year, the Grand Rapids, Michigan resident decided to use those pennies to make real change.
“Art was the only way I could tell a mass of people my story.” Martich said in a statement through Ripley’s Believe It or Not, which acquired her huge coin. “I wanted to share the message that anyone can do this, you just have to start somewhere. What matters isn’t how much you make, but how much you save.”
Martich, a self-taught artist, glued each penny onto a wooden frame that’s nearly
1 0 feet tall and sorted through thousands of coins to choose ones that were blemish- free. Eventually, she turned to a bank to get coins straight from the U.S. Mint. “I needed very shiny pennies to create the highlights.” She said. “I wanted to use the different natural shades of pennies to create the image.”
After working more than 1 0 hours a day for three months,
Martich entered the work titled “Helping Mom One Penny at a Time” - into the ArtPrize contest in Grand Rapids, where it placed 6th and caught the eye of Edward Meyer,
Ripley’s vice president of exhibits and archives.
Meyer said “this penny was the first piece I saw at ArtPrize 201 0 out of over 1 ,600 entries and I spent the next half-hour just awestruck at the magnitude of the piece and the story of its creation. I knew I wanted to add it to the Ripley collection.”
Martich’s sculpture will be displayed at one of Ripley’s Odditoriums.
source: inernet
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www.milwaukeecoin.com
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Hotel Still Washes Its Change
[Palm Springs Desert Sun article submitted by Gene Johnson]
San Francisco hotel launders money - literally
The Westin St. Francis hotel in Union Square is continuing a 72-year-old tradition of washing all the coins it handles. Every nickel, penny, dime and quarter is cleaned with soap and water at the hotel before being dried and rolled.
The San Francisco Chronicle reported that money was first washed at the St. Francis in 1 938 after coins dirtied a woman’s white gloves.
While other San Francisco hotels abandoned the practice, it continued at the St. Francis.
Rob Holsen, the current change washer, says the practice dates back to a time when coins were used more than bills. The coins are washed with buckshot and soap. He estimates he has cleaned $1 .5 million in change in the past 20 years.
* * *
The Game Started With the Flip Coin
Many of you watched on TV as officials tossed the Official NFL Licensed Super Bowl XLV Game Coin to begin the Super Bowl game.
The coin toss is integral to the legend and lore of past and present Super Bowl battles. The Packers won this year’s coin toss, making this the 1 4th consecutive year in a row that the NFC champion has won the coin toss. This stunning and authentic game toss coin is destined to be a rare memento from the world’s most famous sporting event.
These coins are now available to collectors for about $100 and they are exactly the same as the coin that was used in this year’s Super Bowl toss. Limited to just 1 0,000 specimens worldwide, the serial number 0001 coin was flipped at Cowboys Stadium in Arlington, Texas with the remaining specimens available for purchase by collectors until the edition is sold out.
Commissioned and officially licensed by the NFL, each coin is carefully struck of fine silver plate and selective 24k gold plating. Featured on the front is the Vince Lombardi Trophy and the Super Bowl teams helmets.
The reverse is minted with the Super Bowl XLV logo, date, location and space with its individual serial number. The coin is protected in an acrylic capsule to preserve its condition and presented in a custom booklet case. A Certificate of Authenticity numbered to match the number on the coin is included in the custom case. Limited mintage of only 10,000 and officially licensed by the NFL. The original dies have been destroyed - despite demand, no more can be minted.
A counterfeit $10 bill showed up in circulation in the U.S. 50 days after the new currency went into circulation.
The first counterfeit bill in England made its appearance 65 years after the Bank of England opened for business.
17
★ ★ *
Each machine, manufactured in Germany, carries about 320 pieces of different sized bars and coins. Prices are refigured automatically every 1 0 minutes to reflect market fluctuations.
A gold dispensing ATM has recently been installed at the Las Vegas Golden Nugget Hotel and Casino. The machine pays out 24k bars weighing 1 to 250 grams and coins bearing the Golden Nugget logo. A computer inside the ATM keeps up with the gold market and adjusts the prices accordingly. Buyer beware - a gram of the heavy metal is much smaller than you think (about the size of a fingernail) An ounce is little larger than a quarter.
★ ★ ★
Gold Is Where You Find It
When gold is heated to a temperature of 2000 degrees, some of it will evaporate.
When the Mint in San Francisco was moved from the old site the director ordered the furnace searched for gold -- $175,000 was salvaged in gold dust from the soot.
Fancy ATM Skips the Cash, Spits Out Gold
[Wis. Rapids Tribune article submitted by Gene Johnson]
Shoppers in Boca Raton, Florida who are looking for something sparkly can skip the jewelry and go straight to the source: an ATM that dispenses shiny 24-carat gold bars and coins.
A German company installed the machine last December at an upscale mall in Boca Raton, a south Florida paradise of palm trees, pink buildings and wealthy retirees.
Thomas Geissler, CEO of Ex Oriente Lux and inventor of the Gold To Go machines, says the majority of buyers will be walk- ups enamored by the novelty. But they’re also convenient for more serious investors looking to bypass the hassle of buying gold at pawn shops and over the internet.
The company installed its first machine at Abu Dhabi’s Emirates Palace hotel last May and followed up with gold ATMs in Germany, Spain and Italy. Geissler plans to unroll a few hundred machines worldwide this year.
A bank in Vietnam installed its own brand of the machines in a country with much poorer population but one that values gold more than paper money.
The gold-leaf-covered machine at Boca Raton’s Town Center Mall sits outside a gourmet chocolate store and works much like the cash ATM beside it. Shoppers insert cash or credit cards and use a computer touch-screen to choose the weight and style they want. The machine spits out the gold in a classy black box with a tamper proof seal.
18
Royal Engagement Coins
The wedding of Prince William of Wales and Kate Middleton is scheduled to take place at Westminster Abbey on April 29, 201 1 . Prince William, who is second in the line of succession to Queen Elizabeth first met Middleton in 2001 while he and Kate were studying at the University of St. Andrews. Their engagement was announced on November 1 6, 201 0.
Prince William gave Kate the same engagement ring that his father had given to William’s mother, Diana, Princes of Wales - an 1 8 carat white gold ring with a 1 2- carat oval saphire and 1 4 round diamonds. Queen Elizabeth II said she was “absolutely delighted” for the couple, giving her formal consent to the marriage, as required by the Royal Marriages Act 1772, in her British privy council on the morning of the engagement.
Britan’s Royal Mint released this commem- orative coin featuring lifelike portraits of Prince William and his bride-to-be. Critics say the im- ages bear little resemblance to either the Prince or Kate.
The 5 pound coin is avail- able in silver or gold.
The obverse features a
portrait of Queen Elizabeth II. The coins will be available in 5 versions:
gold proof £5 (U.S. $2,453), proof £10 (US $474) gold plated silver £5 (US $1 35) silver proof £10 (US $474) silver proof £5 ($88)
copper nickel brilliant-uncircu lated £5 (US $16)
Commemorative engagement coins are the first of many to celebrate the upcoming Royal wedding.
The Pobjoy Mint, a private company based in Surrey, is releasing an unlimited edition of nickel coins and a limited edition of silver coins ( 10,000 total) to commemorate the royal duo.
From the Westminister collection, this new crown-sized medal is struck in sterling silver and features unique stylised design of the entwining initials of the Royal couple that has been expertly accentuated with the rare addition of gold ink. Strictly limited to 4,950. The Westminister collection is one of the largest retailers of new issues British coins outside of the Royal Mint.
19
The cost of the wedding itself is estimated at $10 million. Costs will be met by the Royal Family and the Middletons themselves, while the costs of security and transport will be covered by the British treasury.
When one’s daughter is getting married, the flow of cash is typically out, not in. But not if you’re a Middleton -- it could go the other way around.
Party Pieces -- the mail-order party sup- plies store owned by the Middleton family is reportedly preparing to release a line of royal-wedding-themed products. Cashing in on their daughter’s stature?? NEVER!
This is high-school economics of supply and demand.
Generally when you say someone wears “many hats”, you mean she possesses countless talents and facilities -- but in this case, we’re really talking of hats, no idiom in sight. On a mission, Kate is doing her darnd- est to bring sexy hats back.
The diamond and saphire enggement ring that Prince William gave Kate has sparked a resurgence in gem set jewelry and hair- land pieces. Various ads have appeared on TV and the internet offering this simu- lated engagement ring for around $20.
$120 Million Wedding Gift
Kate and Prince William are reportedly to get a massive $120 million gift for their wedding. According to the British paper the Daily Mirror, Saudi Arabian billionares are trying to buy the couple a fabled set of colored diamonds called the Rainbow Collection.
The 301 stones in the collection are the rarest and largest set of colored gems. They are currently owned by dealer Eddy Elzas.
“Lots of Middle Eastern investors are keen to buy the collection and give them to William and Kate because it would be a huge badge of honor” a source said.
It’s reported that investors had attempted to buy the collection for Princess Diana and Prince Charles wedding in 1 981 , however, Elzas was not ready to sell. A deal is now close to being done and an announcement is set to be made soon. Mr. Elzas is due to retire soon and is looking to sell. But he will only sell if they go to William and Kate. He thinks it would be a fitting gift for the couple.”
Prince William to Wed in Uniform
With all that army training, we’re guessing William has some hulk-sized muscles hiding underneath his well-ironed uniform. Apparently we’re not the only ones thinking this as “Kate and William: A Very Public Love Story, a blithe comic book chronicling the couple’s story is set to be published on April 2nd by Markosia. Imagine hearing “It’s a bird, it’s a plane, it’s... oops, it’s really just William in his R.A.F. plane.
Speaking of R.A.F. , after speculation by many as to “Big Willy’s Style” Clarence House has officially announced that Prince William will wed in uniform — the question that remains unanswered is in WHICH uniform. Decisions, decisions.
After their wedding, the couple intend to continue residing on the Isle of Anglesey in Wales, where Prince William is based as an R.A.F. Search and Rescue pilot.
[sources: various internet sites]
20
Abandon Ship - S.S. Wisconsin
[by Tom Casper #982]
Lifesaving medals are one of the most intriguing areas to collect. The history of the foundering ship and the fate of the crew and passengers is exciting drama to read about. The story of the S.S. Wisconsin has all these elements.
The 1 0 days from October 21, 1 929 to October 31,1 929 were terrible for Lake Michigan shipping as well as for the stock market. On October 21,1 929 the car ferry Milwaukee sank in a storm off of Milwaukee. On October 29, 1929, the S.S. Wisconsin sank in a storm off Kenosha. This was the same day as “Black Tuesday” or the stock market crash. On October 31,1 929 the Senator sank off Port Washington in fog after colliding with another ship. The sinking of these three ships claimed the lives of 70 sailors.
The S.S. Wisconsin was launched in 1881 to provide year-round freight service to Milwaukee, Wl and Grand Haven, Michigan. The 203’ ship was designed with a rounded forefoot enabling it to ride up on the ice and crushing it down with its weight. In 1 898 she was sold and her name changed to Naomi. After a fire , she was rebuilt in 1 908-09 and renamed the E.G. Crosby. During WWI she was purchased by the U.S. Shipping Board for a hospital and convalescent ship in New York Harbor and renamed General Robert M. O’Reilly. After the war it was again sold and in 1 920 renamed Pilgrim, running between Chicago, Racine and Milwaukee. She was sold back to a reorganized Goodrich Transit Co. and in 1 924, she was given back her original name - S.S. Wisconsin.
In Chicago in the late afternoon of October 28, 1 929 a violent storm was buffeting the city. Douglas H. Morrison was the Captain of the Wisconsin, a Goodrich Line passenger
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Crosby Transportation Co., Milwaukee-Grand Haven and Muskegon, Mich. Grand Haven Koute
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This 1916 postcard shows the S.S. Wisconsin sailing under one of its previous names, the E.G, Crosby.
21
package-freight steamer. Gale warnings had been posted all day with waves of 20’ a mile off shore. Ships in the Milwaukee harbor were ordered not to sail until better weather. The ship Alabama just left the Chicago harbor.
For reasons unknown, Morrison made the decision to set sail for Milwaukee. The ship immediately began to pitch and roll heavily as she left the shelter of the seawall. At 1 a.m. on October 29th he was notified that water was coming in the firehold of the engine room. The water was washing back and forth as the ship rolled. Some of the cargo shifted causing the ship to list to the port side. The crew believed that loose freight smashing against the port side pushed out some plates allowing in water.
At 1 :30 a.m. the wireless operator sent out the first distress signal while four miles off Kenosha. They received a message that the Racine and Kenosha Coast Guards, along with the fishing tugs Chambers Bros, and Palmer were responding. It took several hours for the Racine Guards to reach the Wisconsin. Morrison asked for a responding boat to take him in tow. The Kenosha Coast Guard arrived and attached two of their lines. The Racine Guards had a 36’ self-bailing motorized life boat. The boilers of the Wisconsin flooded snuffing out the lights. The Captain ordered the anchors dropped supposedly to help launch the life boats which could only be lowered off the port side. The life boats could only accommodate part of the crew. All four passengers managed to get into the boats. The freight cargo was heard crashing from side to side. Some men threw over life rafts and jumped after them. Some crewmen went under almost immediately due to the cold. Others swam to the Coast Guard boats. At 4:32 a.m. the crew abandoned ship. The Racine Guards returned to shore with 1 9 survivors. On their second trip out into the lake they recovered six bodies. By 7:00 a.m. the Wisconsin drifted to within a mile of shore, rolled over and sank.
The S.S. Wisconsin had 74 people aboard. Fifty-four crew members and four passengers
survived. Sixteen crew members perished, including Captain Morrison. After the sinking a three-way investigation was launched by the Federal Government, Kenosha County and the Wisconsin’s owners. Many questions were raised but without the skipper, they remained unanswered. The main question was why he anchored rather than immediately heading for the Port of Kenosha.
The ship lies 6.5 miles southeast of Kenosha in 1 30’ of water. It is a popular dive location for scuba divers.
Pictured here is a 24mm medal issued to the Racine Coast Guard for rescuing the crew.
The reverse is engraved “Dedicated by the citizens of Racine to its heroic Coast Guards for saving lives of the “Wisconsin’s” crew off Kenosha Monday ,
Oct. 28, 1929”
The obverse reads:
“ Lifesaving Award Racine, Wisconsin . ” It most likely was suspended from a ribbon and pinbar.
The 10k medal bears the signature of Chicago jeweler. Dodge & Ascher.
The civic groups and citizens of Racine and Kenosha were proud of the immediate response and heroism displayed by the Coast Guards of both cities. The Racine Times-Call reported that on November 4, 1 929, the Racine Chamber of Commerce sponsored a banquet which 400 people attended to honor the 33 heroes of the Wisconsin disaster. Coast Guard men from both cities and citizens who assisted them were presented certificates. The Rev. George R. Cady said in his presentation speech, that “We all admire
22
human courage. Humanity does not relish foolhardiness but it does admire the man who will risk his life for that of his neighbor.”
In the newspaper the following day was an article saying gold medals have been ordered from Chicago for 7 members of the Racine Coast Guard. The design is a special one drawn by a Chicagoan with delivery in Racine in a short time.
In the November 1 3, 1 929 edition of the Racine Journal-News, an article said the Coast Guards will be presented medals at the Association of Commerce annual meeting on November 21 , 1 929.
The headline for the November 22,1 929 edition of the Racine Journal-News read “Coast Guard Heroism Recognized”. The article reported on the annual Association of Commerce meeting at the Hotel Racine the previous evening. Each member of the Racine Coast Guard was presented a gold medal by Charles F. Alden, President of the First National Bank and Trust Company. The 7 officers are: Capt. John A. Olander, Surfmen Stanley Gorsiski, Francis M. Worden, Kenneth E. Carre, Ernel L. Sorenson, Otto R. Shepard and Hugo T. Zahn. Then calling the members
of the crew forward to form a line in front of the speaker’s table, Mr. Alden said, “For valor” as he pinned on the medal designated for each. He added, “May these medals ever be worn for the honor which they are presented”.
Mr. Alden also presented to the Coast Guards an engrossed testimonial from the Association of Commerce. In making the presentation, Mr. Alden said ”!t has been written, greater love hath no man than this, that a man lay down his life for his brethren”. The 225 diners cheered and displayed their feelings with prolonged applause.
The gifts presented were made possible by donations by many persons residing in Racine and elsewhere. Alden said donations were not made in large sums but in amounts of $1 and $2 from local residents and people residing elsewhere. One gift came from a survivor of the Titanic who wrote that she wished that God’s blessing would accompany the work of the men.
Thousands of radio listeners heard the program which was broadcast by WRJN, the Racine Journal-News station.
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This medal is a tribute to the seven United States Coast Guards who performed unselfish acts of bravery and heroism on this fateful night.
★ * *
Privately Issued Notes from the Jason Islands
By Dreux J. Watermolen #1755)
Have you ever thought about issuing your own coins or bank notes? Some people have not only thought about doing this, they have actually produced and circulated their own currency! In fact, history is replete with cases of such ‘private’ issues (money circulated by individuals or organizations with no recognized authority to issue notes or coins, except perhaps from their own belief that they can do so). Most governments, however, regulate the issue of currency within their borders. As a result, some of these private issues are quite limited and therefore attractive to collectors. Perhaps the most collectible modern private issues are notes from the Jason Islands.
The Jason Islands
The Jason Islands form a remote, uninhabited archipelago located far northwest of West Falkland, about 250 miles east of Argentina.
Figure I . Location of the Jason Islands ( map adapted from Google Maps at http://maps.google.com)
Three of the islands, Grand Jason (3,400 acres), Steeple Jason (2,000 acres), and tiny Clarke’s Islet (1 2 acres), are private nature sanctuaries owned by the New York-based Wildlife Conservation Society. Others in the group are National Nature Reserves owned
by the Falkland Islands government.
Leonard Hill, the former director of the Birdland zoo gardens in Gloucestershire, England, purchased Grand and Steeple Islands in 1 970, with the express purpose of founding a bird sanctuary. Reportedly, the Jason Islands were offered to Mr. Hill for £1 0,000, which included sheep that had been stocked on the islands by a previous owner. After some negotiation, Hill bought the islands for just £5,500 without the sheep.
To help underwrite the purchase cost, he issued his own “postage stamps” and “bank notes.” Mr. Hill claimed this money to be legal tender on the islands, and since no one lived there, the validity of the currency was never challenged.
Mr. Hill died in December 1 981 . A New York philanthropist, Michael Steinhardt, bought Grand and Steeple Islands in the 1 990s and later donated them to the Wildlife Conservation Society, along with funds to build a conservation station named after himself and his wife Judy. BirdLife International now considers twenty-two sites in the archipelago to be ‘globally important areas’ for birds.
The Notes
The notes were issued in denominations of 50 pence, £1, £5, £10, and £20. Although the sizes and colors changed with the values (Tablel), the basic format remained the same. On the obverse, a portrait of Hill appears at the right and a different penguin on each denomination at the left (Table 1 , Figures 2-3).
Figure 2. Obverse of Jason Islands 50 pence note
24
The reverses differ only in the text and numerals that provide the value of the note. The dominant design here includes a vignette of one of the islands from which stretches a panel that includes the inscription ‘Jason Islands’ and the note’s denomination. Peeping above this panel are some flowers, while their stems appear just below it. The remainder of the design is constructed with geometric patterns, which in places produce a moir’e effect (Figure 4).
Fig. 4. Reverse of Jason Islands £10 note
Despite being of simple production, the notes are very well printed with the fine lines being clear and well-defined on each note. Unfortunately, the identity of the printer is not known.
Table 1 . Features of the Jason Island Notes.
The notes are signed by “Len Hill - Administrator” on the obverse and indicate a validity until 31 December 1979 on the reverse (this declaration protects the issuer from a claim at a later date, a clever strategy used by many issuers of private banknotes).
It is not known exactly when Mr. Hill issued the notes, but the expiration date suggests
it was probably in 1 978 or 1 979. The total number of notes issued by Hill also remains unknown, but other authors have speculated that it is likely to have been many thousand.
Conclusion
Some collectors may disparage privately issued currency as “fantasy’ items. Notes like the Jason Island pieces, however, were not intended for sale as gimmicks like ‘million- dollar’ notes or those featuring celebrities or politicians. Rather the Jason Islands issues are more akin to money issued by micro- nations, entities that claim to be independent nations but which remain unrecognized by world governments or major international organizations. Coins and currency from such places can be an interesting and affordable niche for numismatists to enjoy. A complete set of the Jason islands notes can be obtained easily through Internet sales; all five in uncirculated condition currently sell for less than $25. An American Numismatic Association-recognized club even specializes in the study of these types of items,. See www.usns.info for information about the Unrecognized States Numismatic Society and to explore yet another fascinating numismatic interest.
References:
Rochette, Ed. 1983. “Story behind ‘Penguin’ Scrip” World Coin News (January 11): 15.
Falklands Conservation. “The Ornithological Importance of the Falkland Islands.” Avail- able online at www.falklandsconservation. com/wildlife/birds/FI-Omitholotical-Impt. pdf..
Marotta, Michael. 2003, Micronations: Dreams and Realities. The Numismatist (November): 19-20.
Woods, Robin W. 2006. “Checklist of Falk- land Islands Birds”. Falklands Conservation. Available online at www.falklandsconserva- tion .com/ wi 1 dl i fe/bi rds/Fl - Bi rdscheckl i st . pdf.
* * *
|
Denomination |
Size |
Primary Colors |
Featured Penguin |
|
50 pence |
70 x 135mm |
Green, yellow |
Humboldt Penguin (Spheniscus humboldti) |
|
£1 |
75 x 145mm |
Purple, pink |
Jackass Penguin (Spheniscus demerpus) |
|
£5 |
80x1 55mm |
Red |
Rockhopper Penguin (Eudyptes chrysocome chrysocome) |
|
£10 |
85 x 165mm |
Blue |
6entoo Penguin (Pygoscelis papua papua) |
|
£20 |
90 x 175mm |
Orange, brown |
King Penguin (Aptenodytes patagonicus) |
25
Currencies Across the Ages
[Row Price Investor article submitted by Leon Saryan}
FUNNY MONEY - from salt to playing cards - many objects have been used as currency.
Cultures throughout history have devised countless ways to pay for things, from trading cattle to exchanging salt and even stones.
Before money became invisible bytes of information sent via cable or wirelessly, a vast assortment of objects and animals served as payment for goods and services. The earliest currencies, as long ago as 9,000 B.C. were probably domesticated animals such as cattle or sheep. Because trading livestock was unwieldy and didn’t come in denominations small enough to pay for inexpensive items, money eventually evolved into materials such as pelts, mollusk shells, metal coins, and paper bills. For example, shells of various colors and decoration were arranged on lengths of coconut rope and served as one of the small denomination currencies on the western Pacific island of Yap.
Yap Money
The Yap islanders in the South Pacific used stones for money that ranged in diameter from a few centimeters to 1 8 feet high. The stones sometimes weighed as much as 1 5 tons. Islanders mined the stones from other islands and hauled them back in canoes. The
effort and danger involved in retriev- ing the stones, and often the number of lives lost, deter- mined the curren- cy’s value. This meant that when someone was paid in such currency, he went to where the money was... not vice versa.
Playing Cards
In winter 1 685 when French ships bearing supplies and coins across an often stormy North Atlantic never arrived, the leader of the colony in what is now Canada seized playing cards and issued them as money bearing his signature. The cards were cut into halves or quarters, and their corners clipped, to reflect different values. Once ships arrived, the cards were redeemed for official French coins.
Emergency Money (notgeld)
When hard currency was scarce, mainly during and after World War I as well as in times of hyperinflation, German municipalities issued notgeld (literally “emergency money”). While traditionally issued in the form of paper notes, notgeld sometimes took the form of paper notes and sometimes took the form of nontraditional materials - aluminum foil, silk, wood, leather, porcelain, and even coal.
Salt was used as money in the Sahara from the Middle Ages into the 20th century. The people of the region mined huge slabs of the mineral and even used it to build salt houses; (camel hides served as roofs).
To make change, they broke large pieces of salt into smaller
ones.
26
Asians Favored Brick Tea “Pao”
One of our best examples of a “commodity money” which was indeed “true money” is the brick tea money used in Siberia, Tibet, Turkestan, Mongolia and China. It becomes rather impossible to fix a date as to the beginning of the use of brick tea as money because of its wide and obscure geographical home, but it appears to have circulated over much of Asia at least during the past three centuries.
\
Its use persisted until modern times, having been found in northwestern China, Mongolia and Tibet as late as World War II.
Being of a rather unstable nature by comparison with metallic currency, brick tea money has become very scarce since the countries using it have undergone such drastic changes during the past several decades.
Japan’s entrance into Mongolia and its retaking by Russian troops and again occupation by the Red Chinese troops in 1 946, the annihilation of Tibet by the Chinese Communists and the revamping of China and Siberia under Communist rule, has left very little trace of this fantastic trade money which is now known to us, but through a few scattered samples, mostly in museums.
During its peak of use, tea money was carried by yak and camel, and horse caravans, by the millions of pounds over practically all of central and northern Asia, serving as its life blood and standard of exchange.
This money was used to the advantage of Red China against Tibet when, before the invasion of that country, the Chinese bought up all of the brick tea available on the market to disrupt Tibet’s monetary exchange with foreign trade.
Thus we have witnessed, in recent times, the passing of this strange money from a remote part of our world.
27
The brick tea money illustrated here was made in China for trade with Siberia. Why the figure of the running wolf?
A wolf running and Russian script reading “Highest quality ofSalom China” feature the ‘obverse' of the Siberian tea money Chuan.. or brick.
This seems a mystery until we find in history that the monetary standard of Russia for many centuries was animal skins and furs, one of which was the wolf pelt.
Thus an association of money standard between the early wolf pelt money and the later brick tea money seems logical. It was made, or minted, by drying the tea leaves and small twigs, breaking them into small bits, steaming this mixture and compressing it into standard molds. After several days the cakes (Pao) or bricks were removed from the molds, dried and ready for spending. Sometimes a
small quantity of soot was used to add a richer color to the bricks.
The reading around the face (obverse) of the brick reads “Highest quality”. ..’’of Salon China” and the “reverse” side is divided into small segments (for breaking into small change) and each has the name of the exporter... N.V. UNJENIN... who minted the money.
Each segment of this brick tea money “reverse” is stamped with the name of the issuer, N.V. Unjenin, in Russian characters.
The value of the brick fluctuated considerably, since it depended largely upon an increase in the local supply, but this disadvantage was offset by the fact that its money value could never go below the limit of its commodity value (of being broken in pieces, ground up in a mortar and converted to a drink.)
Tea, being an imperial monopoly of China, and being costly to transport long distances by caravan plus its commodity value, was able to pass well the requirements of primitive money. I do doubt, however, we would appreciate a cup of its commodity value today.
[sources: Rowe Price Investor
1 964 World Coins]
103 E. Kimberly Avenue - Kimberly, Wl 54136-1402 Coin: 920-731-5451 - Fm: 920-788-3792 - Jeweiry: 920-731-6261
kVww.FoxVColn com
F Htr@FoxVColn.com
Money Talks
Counterfeit Note
A note that resembles and has been copied from a genuine note. It has the same shape, size and pattern as the good note.
Spurious Note
A peculiar style of counterfeit printed or engraved from an original plate but bearing no resemblance to a genuine note except for the name of the bank and the signatures of the officers.
Altered Note
A note on which the name of a reputable bank has been replaced by the name of a suspend- ed bank.
Raised Note
A genuine note on which the amount has been raised to a higher denomination.
[source: Odd & Curious by Mort Reed]
Why is a cash drawer called a “till”??
The word goes back more than 500 years. Till (til, tille, tyll, or tylle) had long been the term for a small tray, drawer, or compartment used for holding valuables — such as jewels, money, or documents — inside a larger chest or cabinet, etc.
Most of those usages are now obso- lete. Today, the term refers only to a cash drawer or similar receptacle in which the money for routine transac- tions is temporarily stored.
| source: Smile Train |
78
Irish Coins for St. Patrick’s Day
St. Patrick’s Day is a religious holy day in Ireland, a day to note the passing of Ireland’s patron saint.
America got this party started in New York City in 1762 with the first parade to honor St. Pat, and the tradition has grown worldwide since then, with parades from Shanghai to Germany and every honorary Dublin town in between.
St. Patrick has appeared on hundreds of coins over the past few hundred years.
The coin shown below is a rare, uncirculated St. Patrick’s Farthing found on Coins Rarities Online website. They claim this coin is the only mint state St. Patrick piece certified by PCGS in any grade and Coin Rarities Online believes there are only two known specimens that could ever rightly earn that designation.
The obverse is commonly described as the biblical King David playing a harp.
St. Patrick Farthing coins were minted in Dublin sometime between 1 658 and 1 670. Many were transported to the American colonies around 1681.
New Jersey approved the coins as legal ten- der in 1 862. Most of the coins were struck in copper, but a rare few are known to exist in silver.
In the fall of 2007 the Central Bank of Ireland issued a nice pair of gold and silver commemoratives celebrating traditional Irish influence on European Celtic culture.
The design of these two coins displays great interweaving of faces and symbolic items representing Ireland’s heritage in literature, music, construction and new technology.
The gold coin is small and affordable, hav- ing been issued at 50 euro and the silver coin is even more practical at an issue price of 35 euro. A two-piece set is also available from the Central Bank of Ireland website.
sources: Coins Rarities Online
NGC Collector Society website Del Parker Irish Coins.com
29
GrLgamvMa^uy
Won Park is the master of Origami. He is also called the “money folder”, a practitioner of origami whose canvas is the United States One Dollar bill. Bending, twisting and folding, he creates life-like shapes in stunning detail.
submitted by Lee Hartz
Shark
30
Coin Club Meetings
Barron County Coin Club
Meets 7:00 p.m. the 2nd Thursday of each month at the School Administration Bldg., 700 Augusta St., Rice Lake. Contact Barron County Coin Club, P.O. Box 362, Rice Lake, WI 54868.
Chippewa Valley Coin Club
Meets at 7:00 on the 1st Thursday of each month in the base- ment of Parks Rec. Bldg., 1300 1st Ave. in Eau Claire. E-mail 54701 .com/coinclub or PO Box 2140 Eau Claire, WI 54702.
Elgin IL Coin Club
Meets at 7:30 1st Wednesday at the VFW Post 1307, 1601 Weld Rd.„ Elgin, IL60123. Contact Don Cemy, PO Box 561 , S. Elgin, IL 60177. Ph. 847-888-1449.
Fishbowl Wooden Nickel Coin Club
Meets the 3rd Thursday (April -October); at the Siren Sr. Center, 23943 State Road 35, Siren, 7:00 traders; 8:00 busi- ness meeting. Contact Gary Schauls, 2702 1 50th St., Luck, WI 54853-3811. Phone 715-472-2002.
Fond du Lac Coin Club
Meets the 1 st Tuesday (May thru Sept.) at the Senior Center East 2nd Street in Fond du Lac. Contact Fond du Lac Coin Club, PO Box 254, Oshkosh, WI 54903.
Fox Valley Coin Club
Meets at 7:30 the 1st and 3rd Tuesday of each month at Prime Time Club, 1 1 150 Valley Road, Menasha.
Intnl. Bank Note Society - Midwest Chapter
Meets 1 p.m. at North Shore Library in Glendale. www.mcfls.org/northshorelibrary.
Kenosha Coin Club
Meets at 7:30 on the 1st Thursday of each month (except July & August) at 3030 39th Ave, Kenosha. Contact: Jerry Binsfeld 262-657-4653.
Kettle Moraine Coin & Stamp Club
Meets at 7:30 on the 2nd Thursday of each month at Sil- verbrook Middle School, 120 N. Silverbrook Drive in West Bend. Youth meeting at 6:30. Contact: Dave Hunsicker 262-338-6064.
Lake County Coin Club
Meets 7:00 the 1st Tues. each month at the Gurnee Police Facility, 100 N. O'Plaine Rd.. Contact: George Efsen, 847- 975-5338..
Lakeland Coin & Stamp Club
Meets at 6:45 the first and third Thursday of each month at Lakeland Senior Center, Woodruff, WI.
31
Madison Coin Club
Meets at 7:00 on the 2nd Monday of each month at the Alicia Ashman Branch of the Madison Public Library, 733 N. High Point Road. Contact Tom Galway. Phone 608-238- 1 722.
Manitowoc Coin Club
No regular monthly meetings. An annual coin show is held in February. Contact A1 Hrudka 920-775-4979.
Milwaukee Numismatic Society
Meets at 7:00 on the 3rd Thursday of each month at the Mayfair Mall Community Room, 2500 N. Mayfair Road in Wauwatosa (use #2 entrance, east side of mall). Contact Bruce Benoit, PO Box 210064, Milwaukee, 53221. Phone 414-282-8128. www.milwaukeenumismaticsociety.com.
Nicolet Coin Club
Meets at 6:30 on the 2nd & 4th Tuesday at the Bay Family Res- taurant comer of Militry and 9th St. in Green Bay.
Racine Numismatic Society
Meets at 7:30 on the 2nd Thursday at Castlewood Restaurant, 2815 Wisconsin St., Sturtevant. Contact Bill Spencer 262-637-7766. (no July or Aug. mtg).
Richland Center Coin Club
Meets 7:00 p.m. on the 3rd Tuesday of each month at the Bowling Alley. No meetings June/July/August. Contact Larry Schlafer 608-279-1182.
Rockford Area Coin Club
Meets the 3rd Thursday at 6:30 at the North Suburban Woman’s Club, 6320 N. Second St., Loves Park, IL. Contact: Rockford Area Coin Club, P.O. Box 294, Cherry Valley, IL 61016-0294. website www.exonumia.com/racc .htm .
Sheboygan Coin Club
Meets at 7:00 every other Tuesday at Maple Lanes Bowling Alley, 3107 S. Business Dr., in Sheboygan. Contact Sheboygan Coin Club, PO Box 907, Sheboygan, WI 53081 .
South Shore Coin Club
Meets at 7:00 p.m. on the 2nd Tuesday of each month at St. Roman’s Parish Office, 1710 W. Bolivar Ave. in Milwaukee. Contact Walter Weis 414-384-7966. www.ssccmke.org.
Waukesha Coin Club
Meets at 7:00 p.m. on the 1st Wednesday of each month at the Waukesha Salvation Army offices at 445 Madison St., Waukesha. Contact Forrest Schumacher, 2300 Avalon Drive, Waukesha, WI 53186. Ph: 262-542-5990. www.waukeshaco- inclub.com.
Wisconsin Valley Coin Club
Meets at 6:30 on the 1 st & 3rd Tuesday of each month at Shofield Coin & Hobby, 754 Grand Ave., Schofield, WI 54476. (June, July, Aug. mtg 3rd Tue.) Contact Thad Streeter, 715-574-2777.
Gary's
Coins & Stamps
Buy - Seil • Trade • Appraisals
(Single items or complete collections)
Distributor for Whitman Coin Products Wholesale / Retail / Mail Order
Chief Coin & Supply Co.
Buy /Sell/ Trade U.S,, Canadian & World Coins Tokens / New & Used Coin Supplies
Gary Rosencrans 71 5-421 -0822
Coin & Stamp Supplies P.0. Box 31 210 West Grand Ave. Wisconsin Rapids, Wl 54495-0031
P.O, Box 254 Oshkosh, Wl 54903-0254
Randy Miller Phone 920-231-6161 FAX 920-231-6122
NUMISMATICS
Weiss
Collectable
Sales
A,naent, OrMedieval
POST OFFICE BOX 400470 PAS VEGAS, NV 89140
PHONE/ FAX <702) 202-4300
Advertising Rates
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Buying Wisconsin Nationals
(Trades also considered)
JIM’s COINS
also buying tokens fro SW Wisconsin Please contact me ANYTIME
Major buyers of all coins and bullion. Specializing in RARE COINS,
MINT ERRORS and OLD RED/BLUE books.
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P.O. Box 301 608-935-5021
Dodgeville, Wl 53533 608-533-5021 cell
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Auction download: www.jimscoins.net
Full service coin store in Madison, Wl. Lower Level, Hilldale Mall.
(608) 233-2118
Numismatists of Wisconsin
NOW
Officers
President
Vice President
Secretary
Treasurer
NOW News Editor
Past President
Historian
Thad Streeter Fred Borgmann Bill Oldenburg Ron Calkins Phyllis Calkins Bill Brandimore Gene Johnson
2009-201 1 Bruce Benoit Lee Hartz Ken Muelling Bob VanRyzin
Board of Governors
20010-2012 George Alafouzos Tom Casper Jeff Reichenberger Mike Tramte
2011-2013 Bill Brandimore Joel Edler Cliff Mishler Leon Saryan
Numismatists of Wisconsin
Membership Application
No.
Name Business Name
Address
Street City State Zip
Phone No. E-Mail address
New Member $10 Renewed Membership $10 Life Membership $150
Coin Club Membership $10
Coin Club Address
Send $10 dues and application to:
NOW, PO Box 155, Mazomanie, Wl 53560
33
Please send information on your upcoming show to the NOW News Editor,
PO Box 155, Mazomanie, WI 53560. Include name of club, location of show, dates, hours, number of tables and your show/bourse chairman’s name, address and phone number.
2011
March 13, 2011 - Brookfield
Waukesha Coin Club’s 42nd Annual Coin Show at American Legion Hall, 3245 N. 124th St., Brookfield. $1 admission; 36 Tables. Hours: 9-4 p.m. Contact: Tom Snyder, 801 Northview Rd., Waukesha, WI 53188. Phone 262-542-5990. e-mail al ucky punch @ ai m .com
March 14-15, 2011 - ANA
Fundamentals of Digital Photography” ANA pre- convention seminar, ANA Education Dept. Phone 719-482-9849; e-mail education® money, org.
March 17-19, 2011 - ANA
ANA National Money Show at Sacramento Conven- tion Center, Sacramento, CA. Phone ANA Meet- ing Services 719-482-9827 or www.nationalmo- neyshow.com.
March 20-23, 2011 - ANA
ANA post-convention seminar “Mining & Minting in Carson City.” ANA Education Dept.
Ph. 719-482-9850; or e-mail education@money.org.
March 27, 2011 - Gurnee, IL
Lake County Coin Club’s Annual Spring Show at Warren Township High School, 500 N. OPlaine Rd., 70 tables. Contact George Efsen, 10823 Chaplin Ave., Zion, IL 60099. e-mail george.efsen@att.net.
March 27, 2011 - Springfield, IL
Central Illinois Numismatic Assoc. Annual Spring Coin Show, Northfield Center 1 , 3210 Northfield Dr. 70 tables. Contact Steve Butler 217-528-7634.
April 3, 2011 - Madison
Madison Coin Club’s Annual Show at the Sheraton Hotel, 706 John Nolan Drive, Madison,. Hours: 9-4 p.m. 50 tables. Contact Jim Essence, Jim’s Coins,
702 N. Midvale Ave., Madison, WI. Phone: 608-233- 2118.
April 3, 2011 - Wausau
Wisconsin Valley Coin Show at Howard Johnson Inn & Conference Center, 2101 North Mountain Road (Hwy. 51 and NN, exit 1-90) Wausau. Hours: 9-4 p.m. Contact Thad Streeter, 5002 Tanya St. Shofield, WI 54476. Phone 715-574-2777.
April 7-9, 2011 - Milwaukee
South Shore Coin Club’s 47th Annual Show at the Wyndham Airport Hotel, 4747 S. Howell Ave., Mil- waukee. Hours: Apr. 7 - 1-6:00 p.m. ; Apr. 8 - 10:00- 6 p.m., Apr. 9 - 10:00-4 p.m. Admission $1 (over 12) — First 100 attendees aged 18-35 admitted free Thurs. & Fri. Show Chm. Walter Weis Phone 414-384-7966.
April 8-10, 2011 - Dearborn, MI
Michigan State Numismatic Society’s Spring Con- vention & Coin Show at Dearborn Hyatt Regency, 600 Town Center Dr. Dearborn, MI . 1 50 tables. Con- tact Brian Malnar, do MSNS, POB 87931 , Canton, MI 48187-093 1 . Phone 734-453-0504.
April 16, 2011 - Shawano
Coins, Currency, Tokens, Stamps Show & Sale at Community Hall, 1 15 E. Divison St., Shawano. Contact: Bob Zurko 715-526-9769 or robertzurko@aol .com.
April 17,2011 - Appleton
Fox Valley Coin Club’s 56th Annual Spring Show at Monarch Gardens, (new location), 2311 W. Spencer St., Appleton. Hours: 9-4 p.m. 40 dealer tables. Contact: James Bayer, PO Box 1981 , Appleton, WI 549 12-1981. Phone: 920-739- 1 089.
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April 28-30, 2011 - CSNS
Central States Numismatic Society 72nd Anniversary Convention at the Donald E. Stephens Convention Center, 5555 North River Road, Rosemont, IL Com- plimentary Admission: Thur. Apr. 28 2-7 p.m.; Friday,
Apr. 29 10:00-6:00 p.m.; Sat. Apr. 30, 10:00-5 p.m. Contact Kevin Foley 414-421-3484.
May 1, 2011 - Elgin, IL
Elgin Coin Club Annual Spring Show at VFW Post 1307, 1601 Weld Rd., Elgin, IL. Hours: 9-3 p.m.
34 tables. Contact Don Cemy, PO Box 561 , South Elgin, IL 60177. Phone: 847-888-1449.
May 14, 2011 - Sheboygan Falls
Sheboygan Coin & Stamp Show at Sheboygan Falls Municipal Hall, 375 Buffalo St., Sheboygan Falls.
Hours: 9-3:30 p.m. 40 tables. Show Contact Ed Raut- mann, PO Box 907, Sheboygan, WI 53082. Phone 920-893-5864.
May 15, 2011 - Green Bay
Nicolet Coin Club’s Spring Show at Comfort Suites/
Rock Garden, 1951 Bond St., Green Bay. Hours:
9-4 p.m. 39 tables. Bourse chm. Roger Bohn, 1345 Ponderosa Avenue , Green Bay, WI 543 13. Ph . 920- 819-7294.
June 11, 2011 - Rice Lake
Barron County Coin Show at Cedar Mall, 2900 S. Main St., Rice Lake. Hours: 9:30-3:00 p.m. Bourse Chair:
Sue Peterson, PO Box 362, Rice Lake WI 54868.
June 30-July 2, 2011 - Chicago
Greater Chicago Coin, Currency & Collectible Show at Tinley Park Convention Center, 18501 S. Harlem Ave., Tinley Park, IL Hours: Thurs. 3-7 p.m. Fri,. 10 a.m.- 6:00 p.m.; Sat. 10:00-5 p.m. Phone: 708-670-3469.
July 24, 2011 - Springfield, IL
Central Illinois Numismatic Association Annual Sum- mer Coin Show at Northfield Inn, 3210 Northfield Dr., Springfield, IL. Phone: 217-528-7634.
August 6, 2011 - Siren
Fishbowl Wooden Nickel Coin Club’s Show at Siren Senior Center, 23943 State Road 35, Siren, WI.
Hours: 9-4 p.m. Contact Gary Schauls, 2702 150th St., Luck, WI 54853-381 1 . Phone 715-472-2002.
August 16-20, 2011 -ANA
ANA World’s Fair of Money at Donald E. Stephens
35
Convention Center, Chicago, IL. Phone ANA Meeting Services, 719-482-9827, www.worldfairofmoney.com.
September 8-10, 2011 - ILNA
Illinois Numismatic Assoc. 52nd Coin & Currency Show at Holiday Inn - Tinley Park Convention Center, 18501 S. Harlem Ave., Tinley Park,IL Hours: Thur. 3-7 p.m.; Fri. 9-7 p.m.; Sat. 9-5 p.m. www.ILNAclub. info.
September 25, 2011 - Rockford, IL
Rockford Area Coin Club’s 110th Semi-Annual Coin Show at Hoffman House (Holiday Inn), 7550 E. State St., Rockford, IL 61 108. Hours: 9-4 p.m. 58 tables. Bourse Chm. Don Smith, 100 W. Main St., Rockton,
IL 61072. Ph. 815-624-0422. e-mail: dcoins0302@aol. com.
October 2, 2011 - Milwaukee
MNS Annual Coin Show at American Serb Memorial Hall, 5101 W. Oklahoma Ave., Milwaukee. $1 admis- sion. Hours: 9-4 p.m. 75 tables. Show Chm. Tom Casper, 414-425-5444 or tcasper57@hotmail.com.
October 13-15, 2011 - ANA
ANA National Money Show at David Lawrence Con- vention Center. Pittsburgh, PA. Phone ANA Meeting Services, 719-482-9827.
October 22, 2011 - Sheboygan Falls
Sheboygan Coin & Stamp Show at Sheboygan Falls Municipal Hall, 375 Buffalo St., Sheboygan Falls. Hours: 9-3:30 p.m. 40 tables. Contact Ed Rautmann, PO Box 907, Sheboygan, WI 53082. Phone: 920-893- 5864.
November 5, 2011 - Kenosha
Kenosha Coin Club’s Show at Kenosha Union Club, 3030 39th Ave., Kenosha, WI 53140. Hours: 9-3:00 p.m. Tables: 28, Contact Jerry Binsfeld, 6040 39th Ave. Suite 7, Kenosha, WI.. Phone 262-657-4653 (business) or jfBinsfeld@yahoo.com.
2012
April 18-21, 2012 - CSNS
Renaissance Hotel & Convention Center, Schaum- burg, IL
2012 - Numismatists of Wisconsin
To be hosted by the Madison Coin Club, Madison, WI.
Address Service Requested Phyllis Calkins NOW Editor PO. Box 155 Mazomanie,WI 53560
Presorted Standard U.S. Postage Paid Mazomanie, Wl 53560 Permit No. 3
TO:
0013 L Life
Cliff Mishler PO Box 316 lola, Wl 54945-0316
Tip your 3-fat to the Irish and keep Cooking for that pot o’goCd at the end of the 'Rainbow!