|Archive available at http://www.ChicagoCoinClub.org/|
|Volume 59 No. 8||August 2013|
We have no trip reports from the ANA Summer Seminar, so maybe no member went there this year (I was beach camping in Canada.) Maybe you were preparing for the ANA Convention? I welcome, for the September Chatter, reports from any of the events, meetings, or presentations that you attended — report on the details, atmosphere, or whatever struck you. The ANA will return here for the next two summers, and our local volunteers would like to know what worked well and what you think should be changed.
The 1135th meeting of the Chicago Coin Club was held July 10, 2013 in the Chicago Bar Association Building, 321 S. Plymouth Court, Downtown Chicago. President Elliott Krieter called the meeting to order at 6:45 PM with an attendance of 28 members.
A motion was passed to accept the July Minutes as published in the Chatter, with the correction that the joint dinner with the New York Numismatic Club is August 14, not August 13th. Treasurer Steve Zitowsky gave a detailed report showing June revenue of $4,434.63, expenses of $3,319.34 and total assets of $21,985.78 held in Life Membership $1,910.00 and member equity $20,075.78. A motion was passed to approve the report.
Mark Wieclaw, Host Chairman of the 2013 ANA Chicago Convention, announced the next Committee Meeting Wednesday July 17, 2013, 6 pm, Offices of Harlan J. Berk, 77 W. Washington, Suite 1320, Downtown Chicago.
The following motions passed supporting decisions by the Club Board:
First VP Rich Lipman introduced the evening’s featured speaker, Robert Wheelhouse, who spoke on The Difficulties at Assembling a Collection of U.S. Silver Three-Cent Pieces, 1851-1873. After a question and answer session, Rich presented Rob with an ANA Educational Certificate and an engraved Club medal. President Krieter also welcomed Rob as the most recent Life Member and presented him with an engraved brass membership card.
Second VP Marc Stackler introduced the evening’s 14 exhibitors. EUGENE FREEMAN: Type 1 U.S. three-cent piece and three 18th century copper coins; MELISSA GUMM: 4 love tokens with one or both of her initials; MARK WIECLAW: calendar medals, Philippine 1 piso struck on Kennedy half dollar planchet and a recent Mercury dime find; DAVID GUMM: 1810/09 U.S. large cent & an 1822 large cent stamped on foil; DALE LUKANICH: bank notes from Coal City, IL and Cumberland, MD; PHIL CARRIGAN: 1873 two-cent piece with closed “3”; ROBERT FEILER: article “Bank Hammered Cancelling of Old Bills,” and a variety of bank notes showing this style of cancelation; STEVE ZITOWSKY: an encased 2003-D counterfeit Lincoln cent; JIM DAVIS: 1862 60-cent note, Richmond, VA printed on paper from broken bank notes, 1908 50th meeting Chicago Numismatic Society medal, 1969 Club Golden Anniversary bulletin; HAROLD ECKARDT: book The Authoritative Reference of Three-Cent Silver Coins, by Kevin Flynn and Club member Winston Zack; BILL BURD: 1902 ANS medal designed by V.D. Brenner commemorating the visit of Prince Henry of Prussia & a silver medal issued by Tivo Johnson in the 1960s using the same reverse design of Mercury; RICH LIPMAN: U.S. currency pop quiz followed by actual currency specimens; ROBERT WEINSTEIN: Chicago elongates and tokens; and DARREN HOOPER: Smart, a money based poem by Shel Silverstein.
The meeting was adjourned at 8:43 pm with the announcement that the next meeting will be held 1 P.M. Saturday, August 17 at World’s Fair of Money, Donald E. Stephens Convention Center, Rosemont, IL. The scheduled speaker is Kevin Brown, Bureau of Engraving and Printing, speaking on Serial Numbering Used on U.S. Currency.
Carl Wolf, Secretary
by Robert Wheelhouse,
presented to our July 10, 2013 meeting
When I got into the coin business in 2007, I had no experience in the world of numismatics. I had collected various toys, comics and movie items as a kid — even managed to hold on to some of them — but knew little to nothing about coins. When I started working in a coin shop, I was immediately struck by how beautiful a coin could be and began to acquire what I call an “eclectic” collection — a mish mash of eye appealing/rare pieces. While fun, it was not particularly rewarding — both as a collection and in an educational sense.
Until The Milwaukee CSNS show. That was when I saw an MS-68 example of the three cent silver piece. It was more gem than coin, with a mix of blue and red toning. I was hooked. I started assembling a collection in mint state, starting with the first year of 1851. I added pieces to the set as quickly as my budget would allow. This became a true educational experience.
The first challenge to collecting the Three Cent Silvers, or “Trimes,” is availability. This series was unpopular during its time and the majority of business strikes were destroyed by the mint. The coin is very small and could be easily lost. Also, I believe, this series was overlooked by collectors because of its short run (1851-1873), its small size, and the availability of proof strikes for the serious collector. I find that many collectors find it sufficient to have one coin, or one of each of the three types made. This lack of interest may have kept interest in saving and preserving them low. Another reason for a lack of eye appealing trimes is the fact that any problem — the tiniest scratch, the smallest spot — can really detract from the coin.
You would think these factors may help in finding affordable pieces, but that’s not the case. The second reason these are getting tough to assemble is that there is a small but dedicated group competing to get these. Legend Numismatics is assembling two of the finest sets right now. When a new coin comes to market, they are willing to pay multiples of market price. When this new coin joins their client’s #1 set, the duplicate goes to another collector. Another dealer, Jon Lerner, is also a three cent specialist building these sets. When a “fresh” coin comes to auction, there can be a lot of interest. Unfortunately, the secret is out about these little gems, and buyers with very strong hands are snapping them up.
But there are some ways to find them. Dealers who may not be familiar with the series or do not have a client collecting them will usually let them go at a discount. Keep an eye on website inventories. Coin shows are great place to find them, but you do have to get there early — and buy them early. Auctions are the best place to find them. I highly recommend viewing the auction lots at any show. It’s a great way to get your eye sharpened, and you can see what dealers are paying for and why. Hot tip: Many of these little guys were undergraded in the first few years of PCGS and NGC — look for older holders, particulary NGC, which obscure the coin a bit and can hide a bright, nice coin.
These coins have character, usually come with great color, and are an interesting addition to any collection. But they are more than a type oddity. This is a unique coin made for a specific time in American history. It looks like no other coin — make sure to buy a pair of “cheater” glasses to make sure you can see it all.
|CSNS Convention||Chicago Coin Company|
|CPMX & CICF||Harlan J. Berk, Ltd.|
Items shown at our July 10, 2013 meeting,
reported by Marc Stackler
July 17, 2013
The 12th and final meeting of the 2013 Chicago ANA Convention Committee was called to order by Host Chairman Mark Wieclaw at 6 pm, Wednesday July 17, 2013 in the offices of Harlan J. Berk, 77 W. Washington, Suite 1320, Downtown Chicago.
The following members were present: Steve Zitowsky, William Burd, Eugene Freeman, Dale Lukanich, Sharon Blocker, Robert Feiler, Elliott Krieter, Quentin Burrows, Phil Carrigan, and Carl Wolf.
Meeting adjourned at 7:19 pm.
Carl Wolf, Secretary
Chicago Coin Club
|Date:||August 17, 2013|
|Location:||On the last day of the ANA Convention,
which is held at the Donald E. Stephens Convention Center, 5555 N. River Road, Rosemont, IL.
|Featured speaker:||Kevin Brown, Bureau of Engraving and Printing - Serial Numbering on U.S. Currency|
We are fortunate to have as our featured speaker, Kevin Brown, Manager of the Marketing Division for the BEP since 2002. Kevin will give an in-depth explanation on the creation of Serial Numbers that appear twice on the face of all U.S. currency. Serial Numbers are not a group of numbers randomly assigned. Every Serial Number is a deliberate and unique combination of numbers and letters. Everyone attending will gain an understanding of:
Be sure to make this program. This is also a great opportunity to interact with a BEP official and receive answers to questions you have always wanted to ask about their operation.
Unless stated otherwise, our regular monthly CCC Meeting is in downtown Chicago on the second Wednesday of the month; the starting time is 6:45PM.
|August||10-12||ANA/PNG Pre-Show. Admission by invitation only; details on the PNG Events Calendar at http://www.pngdealers.com/ or http://www.anapreshow.com/|
|August||13-17||ANA in Rosemont, at Donald E. Stephens Convention Center. Admission is free for ANA members — for details, see http://www.worldsfairofmoney.com.|
|August||14||A dinner with members of the New York Numismatic Club; in Rosemont. This is not a meeting — it is a social gathering for members of the two clubs (and their guests): reception starting at 6PM, and dinner starting at 7PM. For details, contact Carl Wolf at firstname.lastname@example.org or see him during the ANA convention at the Local Volunteer table in the convention center lobby.|
|August||17||CCC Meeting - 1pm at the ANA convention,
which is held at the Donald E. Stephens Convention Center, 5555 North River Road, Rosemont, IL.
No admission charge for our meeting.
Featured Speaker - Kevin Brown, Bureau of Engraving and Printing, on Serial Numbering on U.S. Currency
|September||11||CCC Meeting - Featured Speaker - to be announced|
All correspondence pertaining to Club matters
should be addressed to the Secretary and mailed to:
CHICAGO COIN CLUB
P.O. Box 2301
CHICAGO, IL 60690
|Elliott Krieter||- President|
|Richard Lipman||- First Vice President|
|Marc Stackler||- Second Vice President|
|William Burd||- Archivist|
|Other positions held are:|
|Jeffrey Rosinia||- Immediate Past President|
|Carl Wolf||- Secretary|
|Steve Zitowsky||- Treasurer|
|Paul Hybert||- Chatter Editor|
|Robert Feiler||- ANA Club Representative|
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