|Volume 62 No. 6||June 2016|
The 1169th meeting of the Chicago Coin Club was held May 11, 2016 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 25 members and 1 guest, Stanley Campbell, present.
A motion was passed to accept the April Minutes as published in the Chatter. Treasurer Steve Zitowsky gave a detailed financial report for March showing $290.00 in revenue and $254.00 in expenses, total assets of $27,888.87. A motion was passed accepting the report.
The application of Mike Dennany received a second reading and a motion was passed accepting him into the Club. Because of outstanding dues a motion was passed to drop the following members from the rolls: David Alexander, V. Kurt Bellman, Mike Clark, Paul Johnson, Walter Ostromecki, and Tom Wettstaedt, but will reinstate if all back dues are paid.
President Krieter announced an upcoming Board Meeting on Wednesday, May 18th at Winberie’s Restaurant, Oak Park, IL. He also announced the submission of the ANA Club Coin Quiz based on answers submitted by members.
First V.P. Richard Lipman introduced featured speaker Stanley E. Campbell who delivered a presentation Numismatics in Cuba Since the Trade Embargo of 1962. Following many questions, Stanley was presented with an ANA Educational Certificate and engraved Club medal.
Second V.P. Marc Stackler announced the exhibitors. ELLIOTT KRIETER: 2016 Silver American Eagle, and 2016-W Centennial Liberty Gold Dime. STEVE ZITOWKSY: 1953 souvenir 4 coin set from Banco Nacional de Cuba, and silver denga (1420-26AD) issued by Genoese Colony of Caffa on the Black Sea. DALE LUKANICH: a contemporary copy of a ancient Roman cut denarius of Julies Caesar, and an obsolete note from the Chicago, Alton and St. Louis Railroad. DEVEN KANE: 3 gold coins from Medieval India, and P.C. Roy’s book The Coinage of Northern India. MARK WIECLAW: 1916 Standing Liberty Quarter, and four electrum coins. ROBERT FEILER: 2 modern box coins, U.S. quarter pop-out, 2 U.S. silver dollar cut-outs, and a 1949 Banco Nacional de Cuba Un Peso. RICHARD HAMILTON: 1980 25 New Pence, 2015 $5 Canadian Owl, 2001 Austrian Silver 10 Kreutzer, and 2015 Buffalo Nickel Copper Round. HAROLD ECKARDT: 60th Anniversary Medals from the Elgin Coin Club. DREW MICHYETA: North Korean 500 Won coin, and Vietnamese 100 Dong. RICH LIPMAN: $100 banknote First National Bank of Michigan City, IN, 100 and 50 francs from Swiss National Bank, and 20 Peso Cuban banknote thought to be CIA produced for the Bay of Pigs Invasion. JEFF ROSINIA: announced ANA members joining or renewing membership for 3 years to receive American Silver Eagle, and exhibit awards received at the CSNS Convention. MAC WIEST: 11 Cuban coins.
The meeting was adjourned at 8:50 PM.
Carl Wolf, Secretary
The following Chicago Coin Club members received Exhibit Awards at the recent CSNS convention.
Jeffrey Rosinia — Colorful Lincoln Cents — Abraham Lincoln: A Legacy in Numismatics received 3rd Place U.S. Coins, and People’s Choice Award.
Bruce Bartelt — Coinage in Roman Egypt received 1st Place Foreign Coins Prior to 1500 AD, and Best-In-Show.
Thomas Uram — The Kings and Queens of England Through Maundy Money received 2nd Place Foreign Coins After 1500 AD.
John Wilson — Postage Stamp Scrip Notes received 3rd Place Miscellaneous.
Carl Wolf, Secretary
a presentation by Mark Borckardt,
to our April 30, 2016 meeting
Mark started the presentation with a slide of a Mayflower Descendant Badge; the reverse bears the engraved name of James Gore King McClure, who was born in Albany, New York on November 24, 1848, to Archibald McClure and Susan Tracy Rice. Archibald operated a wholesale drug and paint business in Albany until his death in 1872. He was very successful and was active in business and philanthropy; he was a director of the National Commercial Bank, the Commerce Insurance Company, and the Mutual Insurance Company. Archibald also was president of the Albany County Bible Society, governor of the Albany Hospital, and trustee of the Albany Medical College. He was connected with the Second Presbyterian Church in Albany for 48 years. Susan was from old New England, with reportedly five Mayflower ancestors. Her ancestors fought in the Revolutionary War, and her father reached the rank of colonel in the War of 1812.
James McClure, the fifth of seven children, was named for James Gore King, a friend of his father and an outstanding New York City businessman. After graduating from Yale in 1870, he attended Princeton Theological Seminary, preparing for his life as a Presbyterian minister. Eighteen months after his Princeton graduation, he accepted the pastorate of the Presbyterian Church of New Scotland, New York, not far from Albany. He resigned after five years for study, travel, and marriage to Annie Dixon, the daughter of Honorable Nathan Dixon of Rhode Island. Rev. and Mrs. McClure went to Lake Forest, Illinois in September 1881, answering the call to the leadership of the Lake Forest Presbyterian Church. During his 24 years there, he also found time to serve in the administration of Lake Forest University. His active involvement with the McCormick Theological Seminary of Chicago led to his appointment as its first president in 1905, where he served until 1928. He died in 1932.
James McClure had started collecting coins in 1860 while a boy. At his death, his collection contained about 3,000 coins, mostly copper and silver US coins. The collection survived intact until early 2016 when Heritage was brought in and an arrangement was reached. Mark showed some pictures of him and other Heritage people looking at the coins while they were still loose in some of the 50 orginal cabinet trays — a tray of silver dollars had seven rows of nine coins each, about half Bust Dollars and the rest Seated Dollars. The coins had been appraised by some firm about 40 years ago, so the family had a good inventory; no one else had looked at them during their long stay in a bank safety deposit vault.
Mark could not provide us with any details on the source of the coins. A check book of purchases is said to exist, but it appears all other items that could help in tracing the coins’ pedigrees are gone! The McClure name has not been found in any numismatic publications and journals from that era, but not all societies have been checked yet.
On to some of the highlights in the collection, using photos taken before they were slabbed by NGC. We saw two 1795 Half Cents graded MS61 and 63. A 1793 Wreath Cent was next, graded XF45, and then a Proof 1856 Flying Eagle Cent. Mention was made of about 400 Civil War Storecards in the collection — a few hundred are red brown from storage, as the side that was touching a tray’s felt now is brown, while the other side still is red. Because many are from a single Cincinnati manufacturer and are in similar condition, Mark’s hunch is that most of them were acquired as a group — we collectors would like to have that information!
An 1822 Capped Bust Quarter, with the 25 of the denomination punched over a 50, has AU details but also has scratches, reminded us that collectors back then did not let a few scratches detract much from a coin’s beauty. That was followed ny an 1877-S over Horizontal S Quarter, graded MS67+, reminding us of the good in the good old days. A run of branch mint Standing Liberty Quarters from the 1920s not only had high grades (such as MS66+), they also had full heads.
A few circulated Half Dollars from the mid 1790s were followed by Seated Liberty, Barber, and Walking Liberty Half Dollars graded MS64 and higher. A 1794 Flowing Hair Silver Dollar graded VG10 and it had planchet defects on the reverse. The Flowing Hair Silver Dollars of 1784 by Martin Logies contains a census of the 134 specimens known to collectors a few years ago. This coin is not mentioned because, when McClure was forming his collection, even imnportant items were minimally described in auction catalogs. This coin might have been in an auction, but without a photograph or mention of a distinguishing feature we are not able to trace the provenance of this piece.
This collection had a well struck Gobrecht Dollar from each of the three years in which they were issued, and they grade either PR63 or PR64. The 1836 coin is a restrike, struck between 1863 and 1865, and looks much nicer than the coins struck in 1836. The 1838 coin is another restrike, struck in the 1860s or 1870s, and it has a plain edge. The 1839 coin is from the original striking in 1839, and it is an early die state. We saw proof restrikes of the 1851 and 1852 Seated Liberty dollars, and original proofs from various later years. We saw nice examples of Trade Dollars, and in the 1895 Morgan Dollars, a PR64 example represented the Proof-only issue from Philadelphia, while an MS65+ represented the regular issue from New Orleans. These coins, and others from the McClure collection, will be auctioned at the Long Beach show to be held in early June of 2016.
In his closing thoughts, Mark mentioned that he feels a connection with Dr. McClure not only through these coins, but also through his father, Jack Borckardt, a 1952 graduate of the McCormick Theological Seminary who served many years as a Presbyterian minister.
a presentation by Stanley E. Campbell,
to our May 11, 2016 meeting
From his position with Rockford Urban Ministries, Stanley Campbell obtained religious visas and traveled to Cuba eight times since 1990. In this program, he showed us pictures from his visits and told us tips and tools for visiting that embargoed land. His trips to Cuba rekindled his numismatic interests — because of his earlier interests, maybe he was more aware of numismatic and collector opportunities when they appeared.
Most US citizens still need a license, or to show a need, to go to Cuba. The required documents run 6 or 7 pages of fine print, but with the current thawing of relations between Washington and Havana, the current requirements could change (or, maybe they have changed already). It is easier to visit Cuba when part of a group rather than as an individual. Church groups, school groups, professional groups, and service organizations are among the typical groups that visit Cuba. A benefit of going with a group is that groups have a better chance at visiting certain sites and meeting certain people. If you wish to go on your own, there are direct flights from Mexico and Canada — but do not get a Cuban stamp in your US passport!
Once you arrive in Cuba, where will you stay? The rehabbed casino hotel is very nice and popular, but your best chance of getting a room there is when travelling with a favored group. The old soviet-era tourist hotels are tired, to put it nicely; try to avoid them. There are new hotels constructed with Spanish financing, and there are the casa particulares — these are guest accomodations in private homes, like Bed and Breakfasts here. For ground transportation there are various styles of buses, motorized in urban areas, and animal drawn versions in rural areas. Or you could rent an old car — Stanley showed us a number of old US cars from the 1950s and earlier — they look pretty from the outside while standing still, but the years of improvised repair and spare parts contribute to smog, especially when you are behind one of these relics.
On what other things can you spend your money? The shopping is terrible. The seafood is great, as are the rum and tobacco. A translator can be hired, and Stanley found that a convenient way of finding a translator is while on a one-hour highlight tour of Havana with a guide hired through official channels — at the end of the tour, some guides would offer more guide and translation services on a private basis. After having established the need for walking around money, Stanley showed us the two types of Cuban paper money — tourists are supposed to convert their “world” money into pesos convertibles upon arrival, at the official exchange rate of about one US dollar to one peso. Certain places accept only the tourist money. The peso for the locals trades unofficially at about one US dollar for 25 pesos; this is much better for the Cubans than in 1991, when one US dollar could buy 260 of the pesos.
The two types of notes use different designs, and the design of the tourist money has gone through a number of iterations, with each adding more artistry and security features. When spending tourist pesos in other than a licensed business, make sure you do not accidentally receive any local pesos in your change! Stanley showed us a range of coins and notes for Cuba, starting with 1 and 5 peso notes from the 1869 revolution. These were used for fund raising, mostly in New York, and these actually are receipts for for donations. That revolution failed, and Cuba remained a Spanish colony. Next we saw examples from Cuban banks, and from the Spanish-run local government.
In Havana, the Plazea de Armas is known for the book dealers who set up there; these dealers are licensed by the government. Although officially only offering books, after you talk about things with a dealer and finally ask about collectibles, maybe a small drawer will open and some small prizes will be shown. It must have been Stanley’s Chicago Cubs baseball cap, but a picture of some 1958-era baseball cards included Mantle, Jackie Robinson, Brooks Robinson, Minoso, Luis Aparicio, and two of Ernie Banks! There were Spanish colonial silver coins available, along with pre-revolution Cuban silver and post revolution items.
Many large cities have a coin club. Although there are no coin stores, club meetings have bourses. Items are only supposed to be traded and not sold, but do not worry — it appears that collecting Euros and US dollars is popular. As an example of the specialized research that is being performed, Stanley mentioned tokens used on sugar plantations — a book is that collector’s goal. There are small antique stores, offering a range of items. There is a Numismatic Museum, as demonstrated by a picture of Stanley standing beside the plaque of the Museo Numismatico on an exterior wall, and another of a smiling museum employee standing next to a display case. His closeup pictures of the exhibited items had to be taken surreptitiously, so they are somewhat out of focus.
There are other museums, such as one about the Cuban revolution of 1959. Stanley also showed us paper money related to that revolution. First were receipts from before or during the revolution, denominated 1 peso and 3 pesos — these would be given both for voluntary donations and when items were requisitioned, so these might have served more as revolutionary credentials than a medium of exchange. We also saw receipts issued, after the Cuban revolution, for donations to support revolutions in Santo Domingo (a 50 centavos piece) and in Nicaragua (a 25 centavos piece). Other pieces, with the legend Bono del Honor or Bono del Deber, are receipts that also could serve as good-fors. And there are many pieces picturing Fidel, Che, and other people and items from the revolution.
It has been three years since Stanley last visited Cuba, so some of the things he observed might have changed. Pay attention to the news for the latest on general developments — if any member visits, please give us an updated numismatic report!
|CSNS Convention||Chicago Coin Company|
|PCDA Convention||Harlan J. Berk, Ltd.|
Items shown at our May 11, 2016 meeting,
May 18, 2016
The Chicago Coin Club Board met May 18, 2016 at Winberie’s Restaurant, 151 N. Oak Park Ave., Oak Park, IL. President Elliott Krieter called the meeting to order at 6:38 PM with the following members present: Rich Lipman, Marc Stackler, Steve Zitowsky, Jeff Rosinia, Melissa Gumm, William Burd, Mark Wieclaw, and Carl Wolf.
Old business discussions included:
New Business Discussions:
The meeting was adjourned at 8:05 PM.
Carl F. Wolf, Secretary
|Date:||June 8, 2016|
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. Nearby parking: South Loop Self Park, 318 South Federal Street; that is two short blocks west of our meeting site. Note: Their typical rate of $33 is reduced to $9 if you eat at the Plymouth Restaurant, 327 S. Plymouth Court (next to our meeting site at the CBA) — show the restaurant your parking ticket, and ask for a parking voucher. The restaurant offers standard sandwiches, burgers, and salads for members who want to meet for dinner. Members start arriving at 5pm.
— to be announced
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.
|June||8||CCC Meeting - Featured Speaker - to be announced|
|July||13||CCC Meeting - Featured Speaker - to be announced|
|August||9-13||ANA in Anaheim, California this year, so we can relax and play tourist — for details, see http://www.worldsfairofmoney.com.|
|August||10||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
|Elected positions (two-year terms):|
|Elliott Krieter||- President|
|Richard Lipman||- First Vice President|
|Marc Stackler||- Second Vice President|
|William Burd||- Archivist|
|Jeffrey Rosinia||- Immediate Past President|
|Carl Wolf||- Secretary|
|Steve Zitowsky||- Treasurer|
|Paul Hybert||- Chatter Editor, webmaster|
|Robert Feiler||- ANA Club Representative|
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