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Volume 54 No. 9 September 2008

Prepare for Club Auction

The club auction is scheduled for 7PM, at the start of the regular November club meeting. In the past few years, club related material (and Chicago area numismatic items) have had the best results.

Please consider using the club auction to dispose of the numismatic items you no longer need. Details will appear in the October Chatter, but it should follow the pattern from recent years.

Minutes of the 1076th Meeting

The 1076th meeting of the Chicago Coin Club was held August 13, 2008 in the Chicago Bar Association Building, 321 S. Plymouth Court, Downtown Chicago. President Robert Feiler called the meeting to order at 7 PM with 25 members and 2 guests, Jonathon and Mimi Lipman, present.

The July Minutes as printed in the Chatter were approved as published. Treasurer Steve Zitowsky reported July income of $635.00 and expenses of $428.73. Total assets of $13,383.60 is broken into Life Memberships $2,630.00 and Members’ Equity $10.753.60. The Treasurer received compliments for separating the Life Membership account from the general funds and he stated the intent to debit and credit the account as new members come aboard and interest is accrued.

Following the second readings of the applications for membership of Bruce D. Bartelt, A. Ronald Sirna, Jr., and Bill Davenport, separate motions were made and passed to accept them into membership.

The featured speaker was Dennis Ciechna on U.S. Paper Money Errors and Unique Notes. After a question and answer period, First Vice President Jeff Rosinia presented Dennis with an ANA Educational Certificate and an engraved Club medal.

Second Vice President Lyle Daly introduced the fifteen exhibitors. DAVID G. GUMM: 1793 U.S. large cent (S9-R2), VG8+ that was not encapsulated due to “environmental damage.” DONALD DOOL: ten advertising cards that “look” like money, and a 1921 Peruvian medal on the centenary of Peruvian independence with San Martin on the obverse. EUGENE FREEMAN: an original and a re-strike of Austrian Maria Theresa dollar and an 1812 4-reales from Mexican Sombrereta. RICHARD LIPMAN: a first day cancelation postcard that included a medal. MIMI LIPMAN: Golem of Prague medal from the Jewish folktales medal series. JONATHON LIPMAN: Singapore’s Hongbao coin pack of 2007 and 2008. ROBERT LEONARD: TAMS literary award received at the recent ANA convention, the TAMS Past-President’s award that featured his portrait, and material relating to his participation on a panel discussion at the recent ANA convention in Baltimore. MARC STACKLER: one-quarter real from San Luis Potosi and contemporary counterfeit of same, and a 1916 Mexican 5 centavo and a 5 centavo coin from the revolution. PAUL HYBERT: two elongated coins from the 2008 ANA banquet and auction catalogs from the convention. ERIC SCHMIDT: hobo nickel, wooden nickel from 1991 ANA Convention, and several unique $1-bills with misprints, offset or low serial numbers. SHARON BLOCKER: book on Dominican Republic coinage and miscellaneous German notgeld. ROBERT FEILER: 1878 Morgan Dollar box coin and 1870 French 5-franc coin holding scissors and knife. MARK WIECLAW: Columbian Expo medal, 1904 Indian cent in a bell-shaped encasement commemorating the 1904 St. Louis World’s Fair, Bactrian tetradrachm of Eukratides, 171-135 BC, and two silver drachm of Brutus, 44-42 BC. WINSTON ZACK: error $2 note, the new Bust Quarter book Early United States Quarters, first quarters to circulate in the U.S. including 1787 2-reales, 1805 Draped Bust quarter and two 1825/4/2 Capped Bust Quarters. LYLE DALY: ink transfer error on $20 note, Connecticut treasury note for service in the Continental Army worth 8-shillings, 3-pence and 3-farthings, book Early Paper Money of America signed and dedicated to George Mallis, and an old wallet designed to hold large sized banknotes.

Under old business, Sharon and Kevin Blocker presented a donation of $250 to cover the room deposit for the December banquet. Serial no. 1 of the 2008 CICF Fur Money educational souvenir card was presented to Club Archivist, William Burd. Mark Wieclaw, Chairman of the Club’s 90th Anniversary Committee, announced a committee meeting on September 17th at Connie’s Pizza.

Under new business, Robert Leonard announced the sale of $30 in Club souvenir CICF cards at the 2008 ANA Convention. A motion was made and passed to drop from the rolls Paul Roberts, James Rondinelli and Robert Slobins due to non-payment of dues. President Feiler announced a meeting of the Board of Directors for August 20th at Connie’s Pizza. Several ideas and opinions were exchanged concerning the ANA coming to Chicago in 2011.

The meeting was adjourned at 9:10 PM.

Sincerely Submitted,
Carl Wolf, Secretary

Board of Governors Meeting,
August 20, 2008

The Chicago Coin Club Board of Governors held a meeting at Connie’s Pizza, 2373 S. Archer, Chicago. President Feiler called the meeting to order at 5:55 PM with the following in attendance: Mark Wieclaw, William Burd, Elliot Krieter, Eugene Freeman, Steve Zitowsky and Carl Wolf.

Following a report by Treasurer Steve Zitowsky on the status of the Club’s treasury, a motion was made and passed authorizing him to open a six-month certificate of deposit with TCF with money from Life Membership dues. A decision to open another certificate in three months was deferred.

The Nomination Committee (Mark Wieclaw, William Burd, Steve Zitowsky and Carl Wolf) reported the following slate of officers for the 2009-10 term: President Jeffrey Rosinia, First V.P. Lyle Daly, Second V.P. Elliot Krieter, Immediate Past President Robert Feiler, Archivist William Burd, Directors: Eugene Freeman, Marc Stackler and Carl Wolf.

A report that LCD projectors were installed in only two rooms at the Chicago Bar Association. Furthermore, CBA seminars receive first priority for these rooms. Elliot Krieter reported on an investigation for the Club to buy a projector and recommended a $799 Optima model. President Feiler reported three anonymous club members volunteered to cover the costs. A motion was made and passed directing Elliot to proceed with the purchase.

News from the recent ANA Convention in Baltimore was discussed, particularly where their Board directed the Convention Coordinator to cancel plans for a 2011 convention in Indianapolis and begin planning for Chicago.

Plans for the Club’s participation at the 2009 CICF and CPMX shows were discussed. The Chairman of the Club’s 90th Anniversary Committee, Mark Wieclaw, announced a committee meeting on September 17th at Connie’s Pizza. He also expressed a hope for another Club Souvenir Booklet with an updated history.

William Burd reported that ex-member Clarence Wills donated to the Club bronze and silver barrel-shaped CCC 500th Meeting Medals. A motion was made and passed to put them on the auction in Wills’ name.

The meeting was adjourned at 7:25 PM.

Respectfully Submitted,
Carl Wolf, Secretary

Speaker’s Wor[l]d
U.S. Paper Money Errors & Unique Notes

presented by Dennis Ciechna to our August 13, 2008 meeting

The program started with a slide showing the back side of a $2 note; the seal and serial numbers appeared there instead of on the front where they belong. Dennis used this to introduce us to the terminology used by error collectors — this was known as “third printing on back.” The terminology comes from the steps in printing US paper money: the back was printed first, the front was printed second, and the seal and serial numbers were printed (on the front) third. Sometime, such as when different color inks were used for the seal and numbers, the seal and serial numbers were added in two separate steps. A knowledge of how the notes were printed gives the collector a good idea of how and when a certain type of error note was produced.

A sheet of 12 1928G $2 notes was shown next; the seal was on the back, but no serial numbers appear. The next note, a 1928B $2, has the back inverted. That was followed by another $2 note where the third and fourth printings appear reversed on the back; probably transferred from another sheet when the sheets were stacked while the ink was still wet. Dennis mentioned that these types of errors were produced on one sheet at a time, and if the error sheet was not detected and destroyed, then all of the error notes from that sheet, all with that same error, entered circulation. Only one 1928D $2 with the third printing inverted is known from that series, so the others from that sheet either were worn out and destroyed, or are out there somewhere.

A run of three 1953 $2 notes with consecutive serial numbers was next, but the middle number (24417142) appears inverted on its note, while the serial numbers appear normal on the other two notes. The serial numbers on any sheet were not consecutive at that time; the left-most and right-most digits were the same on a sheet, with the only difference on each sheet in a few of the middle digits. The right-most digits would be incremented from sheet to sheet, so that after the sheets were stacked and cut, all notes within each stack were consecutively numbered. A 1928 $2 “star note” was shown as an example from a sheet that replaced a detected (and removed) error sheet.

Next up were many errors on 1976 $2 notes. That was the year when the Bureau of Engraing and Printing started using scanning equipment to detect errors. After many odd and subtle errors made it out, the Bureau went back to using people to find errors. One example had doubled serial numbers, but the numbers differed by four. One example had an inverted seal from a different Federal Reserve Distrct. And there was a sequence of notes with inverted third printing.

The scarcest error notes are the $2, followed by the $100; that is as expected because the $2 note is printed the least, followed by the $100. Dennis followed the $2 notes with examples from other denominations, such as a gold certificate with no seal and no serial number — one of only three known. One of the more striking errors was a sequence of three $5 notes that were missing the second printing — the fronts had only the seal and serial numbers!

After all of those sheet-level errors, Dennis showed some errors resulting from paper folds and paper obstructions. He then showed us Giori test notes in both brown and black ink, and he concluded by mentioning some well-known mismatch errors: the front and back from different denominations, and two different serial numbers on the front of one note.

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Show and Tell

Items shown at our August 13, 2008 meeting.

  1. David Gumm showed a 1793 US large cent — an example of the S-9 variety. He grades in VG8, with some porosity. A grading service returned it without a grade, because of environmental damage.
  2. Don Dool showed a range of items:
  3. Eugene Freeman showed some coins:
  4. Richard Lipman showed some recent US items:
  5. Mimi Lipman showed a Golem of Prague medal, part of the Jewish Folktales Medal Series, and then summarised the tale for us.
  6. Jonathan Lipman showed 2007 and 2008 proof sets from Singapore. The packaging is heavy on the color red which is appropriate for these hongbao (red envelope) sets, for good luck.
  7. Bob Leonard showed some recent acquisitions from ANA in Baltimore, where he was appointed to the ANA Publication Committee:
  8. Marc Stackler paired a real Mexican coin with a counterfiet or a copy inspired by it:
  9. Paul Hybert gave a quick ANA trip report using paired items:
  10. Eric Schmidt showed a range of new and old acquisitions:
  11. Sharon Blocker has been buying and seling on eBay, and she showed some recent acquisitions:
  12. Robert Feiler showed some change coins:
  13. Mark Wieclaw showed some recent acquisitions:
  14. Winston Zack showed a range of items:
  15. Lyle Daly showed paper money and related items:

Young Numismatists at the ANA

At the ANA convention, there was an auction and breakfast for young numismatists. Coins were donated by adults for the auction. Then with a numbered paper plate, a young numismatist could bid on the coins using YN bucks. YN bucks can be earned by attending coin club meetings, submitting articles to a newspaper, or by exhibiting at a convention. There are also lots of other ways to earn YN bucks, but these are some of the most important. One of the lots was a half ounce Mexican gold coin.

At the convention, they had a series of foreign mint booths. You could buy a mint passport with a slot for a coin from each different country As you traveled to the different booths, you could also get you passport stamped.

There was a free twenty one stop treasure hunt at the convention. At each stop, you had to answer a question. Some stops offered a small numismatic prize for answering the question. At the end of the treasure hunt, you were rewarded with a coin and book.

We had a great time, learned a lot, and got lots of coins. Going to the convention was a very rewarding experience in many ways.

Mimi and Jonathan Lipman

Our 1077th Meeting

Date:September 10, 2008
Time:7:00 PM
Location:Downtown Chicago
At the Chicago Bar Association, 321 S. Plymouth Court, 3rd floor meeting room. Please remember the security measures at our meeting building: everyone must show their photo-ID and register at the guard’s desk. A few blocks west of the CBA building is the Ceres Restaurant (enter the Board of Trade building from Jackson at LaSalle, then enter the restaurant from the lobby) with standard sandwiches, burgers and salads for members who want to meet for dinner.
Featured speaker:Eugene Freeman - Metal and Porcelain Notgeld, 1917-1930

Notgeld means “emergency money” in German. Following World War I inflation escalated in Germany and in quick order the country was awash in emergency money issued by local governments and companies. Most issues were on paper, but metal issues of iron, zinc and aluminum were also produced. One respected source lists over 622 municipalities that issued metal notgeld. Member Eugene Freeman began collecting this material over forty years ago. This numismatic field is so vast the program will be limited to metal and porcelain issues only. A list of books and resources will be distributed for those who wish to learn more about the subject.

Important Dates

September 4-6 Illinois Numismatic Association Convention at the Tinley Park Convention Center, 18501 South Harlem Ave., Tinley Park, IL.
September 6 Educational Program at the Illinois Numismatic Association Convention at the Tinley Park Convention Center, 18501 South Harlem Ave., Tinley Park, IL. Take I-80 to Harlem Avenue (Exit 148 North), turn right at the first street, and then turn right again at the first street.
10AM Eugene Freeman Collecting Buffalo Nickels
11AM Tom DeLorey Counterfeit Coins from China
September 10 CCC Meeting - Featured Speaker - Eugene Freeman on Metal and Porcelain Notgeld, 1917-1930
October 8 CCC Meeting - Featured Speaker - Sharon & Kevin Blocker on Cuban Coinage, 1980-Present
November 8 CCC Meeting - Club Auction - no featured speaker
December 12 CCC Meeting - Annual Banquet - Featured Speaker - to be announced

Birthday and Year Joined

October 1 Ron Sirna 2008
October 13 Bernard L. Schwartz 1986
October 14 Joel J. Reznick 1981
October 14 Warren G. Schultz
October 17 Margo Russell
October 17 Joseph Boling 2006
October 31 Bruce Bartelt 2008

Chatter Matter

All correspondence pertaining to Club matters should be addressed to the Secretary and mailed to:

P.O. Box 2301

Club Officers

Robert Feiler- President
Jeff Rosinia- First Vice President
Lyle Daly- Second Vice President
William Burd- Archivist
Directors:Eugene Freeman
Elliot Krieter
Carl Wolf
Mark Wieclaw
Other positions held are:
Carl Wolf- Secretary
Steve Zitowsky- Treasurer
Paul Hybert- Chatter Editor

Contacting Your Editor / Chatter Delivery Option

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