Volume 67 No. 10 October, 2021

Editor’s Notes

The format of our November meeting has not been finalized – instead of the planned in-person auction, it might be online only with a featured speaker. Details will be in the November Chatter.

We have not heard of any CCC members or ANA staff catching Covid-19 during the August convention in Rosemont. We hope things will be closer to normal by August, 2022 when the ANA returns to Rosemont. Look for an initial call for the local hosting committee later this year.

Paul Hybert, editor

Minutes of the 1232nd Meeting

The 1232nd meeting of the Chicago Coin Club was called to order by President Lyle Daly at 6:45 PM CDT, Wednesday September 08, 2021. Due to the Covid19 Pandemic the meeting was held online only, managed by Deven Kane. Attendance was 26 individuals at the beginning of the meeting, reaching a total of 37.

Club Meeting Minutes and Treasurer’s Report

The August 14, 2021, meeting minutes were approved as published in the Chatter, both in print and on the CCC website.

Treasurer Elliott Krieter presented Treasurer’s reports for both July and August. The July report was withheld from the September meeting due to the abbreviated agenda for the August meeting which was held at the ANA World’s Fair of Money.

The July period had income of $20.00 (Dues) and expenses of $79.04 (Chatter Expense and Medal engraving) giving the July period a total of -$59.04.

The August period had income of $8,910.00 (ANA stipend, dues, show table sales, and projector rental) and expenses of $4,803.94 (ANA Show expense and Chatter print/postage) giving the August period a total of $4,106.06.

Both reports were approved.

New Members

Secretary Scott McGowan did the first reading of the New Member application for Pat Alexander noting that Pat’s interests include Pictures, Books, Coins, and Medals.

Old Business

Annual CCC Banquet – Club President Lyle Daly introduced Bob Feiler who announced updated details for the December annual banquet to be held Wednesday December 8, 2021, at Maggiano’s Little Italy Restaurant, at 240 Oakbrook Center, Oak Brook, IL 60523. The schedule includes 6:00pm cash bar, 7:00pm dinner, and 8:00pm speaker. The location has free parking. Banquet price is set at $64.00 per person for reservations and payments by November 19, 2021 – thereafter the cost is $74.00. Room capacity is up to 100. Appetizers by Chicago Coin Company. Menu includes Classic Caesar Salad with entree choices of Chicken Parmesan; Salmon with Lemon & Herb, Broccoli, and Crispy Vesuvio Potatoes; or Mom’s Meat Lasagna with Marinara. Dessert will be Mini Cheesecake, Vera’s Lemon Cookies, or Chocolate Truffles. An additional banquet donation by Sharon and Kevin Blocker covers additional banquet expenses including meals for YNs. Motion was made to approve Bob’s recommendation, which was seconded and passed.

New Business

A moment of silence was held for CCC Member Nick Weiss, who passed August 25, 2021. Nick joined the CCC in 1996 and was also a 25+ year member of the Hillside Coin Club. See separate printed obituary.

President Lyle Daly reported to the club that the CCC Board held its quarterly Board Meeting the week following the ANA World’s Fair of Money. The minutes are published in the September Chatter. All members are encouraged to read those meeting minutes and kindly refer any comments to any one or all of the board members. Briefly:

  1. Medal of Merit committee formed: Bill Burd, Mark Wieclaw, and Jeff Rosinia.
  2. Recommendation of the board to hold our annual banquet at Maggiano’s in Oak Brook.
  3. Meetings will remain virtual for September and October, and have deferred a decision on an in-person November auction.
  4. CCC club shirt discussion by Mark Wieclaw. See below.
  5. We discussed periodic changes to the CCC physical meeting location. The board is considering a survey of membership and will continue this discussion in November.

A request for volunteers for a new CCC committee to investigate interviews with senior members of our club. The intent is to continue the effort made by Carl Wolf and Bob Weinstein in the early 1990s. Any member interested in working on this great project should email Club secretary at

CCC board Governor Mark Wieclaw called on the club membership for nominations for the Club Medal of Merit. The Medal of Merit is awarded to a CCC member(s) who exhibits an excellent achievement, honor, value, or quality that is deserving of approval. Based on the CCC by-laws “the Medal of Merit is awarded annually and the Medal of Merit committee is not limited to the number of Medals they may award for the year nor are they bound to award any Medal.” Forward any recommendations to Mark Wieclaw, Bill Burd, or Jeff Rosinia.

Mark Wieclaw presented details on a new CCC Polo shirt. The polo shirt, reviewed and approved by the CCC Board, features the intertwined CCC and the club’s motto in Latin and English. This design allows club members to wear it in public without publicly displaying “Coin Collector.” Available in Burgundy or Navy-Blue colors, and in 100% Cotton ($31.00) or PolyCotton Blend ($25.00) for S-XL sizes. The 2XL/3XL/4XL pricing is slightly higher. All sales are handled through Mark Wieclaw. Email or call 815.814.3038.

General Announcements

The Illinois Numismatic Association coin and currency show will be held on September 9-11 at the DuPage County Fairgrounds.

First V.P. John Riley introduced the Featured Program: Donald H. Kagin, Ph.D on The Birth of Our Nation’s First Official Currency.

Second V.P. Melissa Gumm announced there were six exhibitors.

The next meeting will be Wednesday, October 13, 2021, available only online using Webex. Lyle Daly adjourned the meeting at 8:38 CDT.

Respectfully Submitted,
Scott A. McGowan, Secretary

Speaker’s Wor[l]d
Storming the Capitol – The Birth of Our Nation’s First Official Currency

presented by Donald H. Kagin, Ph.D.,
to our September 8, 2021 meeting.

With such a catchy title, maybe our coin club page placed high on some Google searches – but I saw no new faces during our meeting. Oh well, their loss. They missed a program where the first slide was a photo of the January 6, 2021 Storming of the Capitol, and the second slide was a woodcutting of the August 24, 1814 Storming of the Capitol. The latter was when the British Army not only stormed it but burned it down, along with other government buildings – that was during The War of 1812. This presentation concentrated on the U.S. government’s financing of that war, while also providing background on that war and a summary of its political and military ebb and flow.

After the United States Congress passed an act establishing a Treasury Department, Alexander Hamilton was appointed as America’s first Secretary of the Treasury by President George Washington. Hamilton served in that post from 1789 to 1795. Congress established the first Bank of the United States in 1791, and gave it a 20-year charter; this bank became the primary short-term lender to the federal government. After the charter was not renewed, federal financing involved borrowing through loans from other countries, four large domestic banks in the northeast (such as the Bank of New York), rich entrepeneurs, and revenue from customs duties, tariffs, and the sale of land.

Some colonies had started printing their own currencies in 1690, issuing more in the 1700s to meet needs as they arose. The issued amount increased tremendously starting with hostilities in 1775, and their value fell during the Revolutionary War due to excessive printing of notes without any intrinsic backing. Although people remembered this bad experience with government paper money, the federal government did not need to issue its own paper money because the financing methods in 1812 were sufficient to the task.

The root cause of The War of 1812 was the almost 20-year British fight against the French and Napoleon on various fronts. For a decade, the British had been boarding U.S. merchant ships and impressing almost 10,000 men to fight against the French. The British were more effectively blockading U.S. harbors to prevent trading with the French. The British had recently resumed supporting the Indians who were resisting U.S. expansion westward, while the U.S. tried to dislodge England from Canada.

When the U.S. declared war in June 1812, the financing situation was bad. Specie (gold and silver coins) were hoarded; there was no national (central) bank since the charter for the Bank of the United States had not been renewed; and local bank notes were increasingly discounted the farther away they were from the issuing bank. Long term debt (War Bonds) were not being purchased by the usual buyers, New England entrepreneurs and big banks, because they were against the war; other buyers bought only at discounted prices. The doubling of tariffs did not raise enough funds. Faced with the immediate need for funds, the pros and cons of issuing Treasury Notes were debated.

The arguments against Treasury Note included: they were not as valuable as specie; they would be refused or discounted, thereby subverting public and private credit; they would depreciate as did Continental Currency; they would indicate a desperate nation faced with bankruptcy; and there would have to be a tax to redeem them. The arguments for Treasury Note included: there was a shortage of an adequate medium of exchange, with specie hoarded by banks to pay duties, and local paper discounted and without backing; Treasury Notes would not depreciate because of their use for paying taxes, and banks could use them as interest bearing reserves; and other sources were inadequate – there was no other alternative. So, over time, five series of Treasury Notes were issued.

The first issue of Treasury Notes came on June 30, 1812, with a total of $5 million was authorized of $100 and $1000 notes. They were redeemable in one year (it said so on the notes), and they paid 5.4% interest (1½¢ per day per $100). They were transferable by endorsement, and receivable for taxes, duties, and sales of public land – but they were not given full legal tender status, so people could refuse to accept them. The notes were printed on two subject sheets on blue and red silk-fibered, watermarked paper by Murray, Draper, Fairman, & Co., and all but a few of the $100 notes were redeemed by 1814. Only remainders are known today, and there are few of them. The design was not imaginative, but it served its purpose.

The second issue of Treasury Notes came on February 25, 1813, when the war was not going well; the intention was to redeem the first issue, so a total of $5 million was issued, with the same provisions and interest rate as for the first issue. Only $100 and $1000 notes were issued, with no issued or remainder pieces known today. The conditions were very poor, and the fear was that once Great Britain defeated France, it would direct its full efforts against the United States.

The third issue of Treasury Notes came on March 4, 1814; totaling $10 million, $5 million of it was to redeem the second issue. The terms and conditions were the same as for the prior issues, but a $20 note was issued in addition to the usual $100 and $1000 notes. The intention was that the smaller $20 denomination notes would circulate. Only a few remainders of the $100 notes are known today. Loans (in the form of bonds) were also sold during the war, but it was hard work, with some being sold at a deep discount (less than face value). In New England, where anti-war feelings ran strong, subscribers were assured of anonymity.

The fourth issue of Treasury Notes, on December 26, 1814, saw about $8.3 million actually issued, of the authorized $10 million. The provisions were the same as for previous issues, with $20, $50, and $100 notes authorized, but no $50 notes were printed. No issued notes are known today, but cancelled proofs as remainders (unsigned and signed) are known from this series. (This fourth issue came two days after the Treaty of Ghent was signed, ending the war. But it would take many weeks for the news to cross the Atlantic, and then Congress would have to ratify it.)

The fifth issue of Treasury Notes, of February 24, 1815, included “large” ($100) notes still paying 5.4% interest, and “small” ($3, $5, $10, $20, and $50) notes paying no interest. The small notes were intended to circulate; because they were payable to bearer and were transferable by delivery, they did not have to be endorsed in each transaction. It is these small Treasury Notes that some consider to be our first national circulating currency. Some of the small notes were used to pay government bills, while others were sold at apremium ranging from 1¼% to 4%. A total of ten $100 notes are known only as proofs or unsigned remainders, while 102 small notes are known today. Only two examples of the known small notes are fulling signed and issued, without any cancellation marking; the second example surfaced in 2015, although it had been known from an illustration in the 1978 reprint of John Knox’s 1848 United States Notes.

The end of the war decreased the government’s need for funds, and the chartering of the second Bank of the United States simplified the selling of government bonds. An 1817 Congressional act repealed all Treasury Notes acts and prohibited further issuance of the notes.

Collectors today have a number of Treasury Note types available. Proofs might be printed on lighter or heavier stock, and they might have punch-hole cancellations. Remainders are examples that were never issued – to be issued, a note had to be numbered, signed by two governemnt officers, and then countersigned by the Registrar of the Treasury Department. Remainders are found unsigned (most of what is available), with one signature, with two signatures, and with three signatures – and also with or without various cancellation markings. Only two examples (a $3 and a $19) are fully signed and uncancelled, showing that most pieces did their job and were redeemed afterwards – they were never repudiated and they were real money, so the only survivors were lost or misplaced. The notes do not look like much, so someone finding one might not realize its importance. Additional examples show up slowly at auctions after discovery.

With fewer than 200 examples of all types known, this area will never be collected by a large group. But this specialty does have its own 48-page reference, Treasury Notes of the War of 1812, by Don Kagin.

Nick Weiss, 1946-2021

Nick Weiss, age 74, passed away August 25, 2021. He became a member of the Chicago Coin Club in 1996. Before developing major health issues, he was an occasional exhibitor at monthly meetings. He was a member and prior officer of the Hillside Coin Club for over 25 years. Nick was a big man with an oversized sense of humor that delighted all who met him. He bore a resemblance to actor John Goodman, and always had fun with strangers who confused him for the Hollywood star. He could be counted on to discuss a numismatic item and come up with a unique perspective. Frequently his exhibit subjects initially sounded mundane, but his research and presentation always delighted and surprised his fellow collectors. He was determined to come up with interesting stories and factoids, which were always unusual and educational. He could always be counted on to help out at meetings and was quick to volunteer at major area coin shows, pitching in and working where needed. He enjoyed the camaraderie of his many friends in the hobby.

He was very proud of his U.S. Type set and always seemed to come up with new and interesting coin facts. Nick could search through an entire bag of Lincoln Wheat Cents and find unique things to talk about, always entertaining his fellow members.

Nick was a proud Viet Nam Era Navy veteran and was buried with military honors. His great sense of humor will be remembered by his many friends.

Melissa Gumm and Bob Feiler

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Show and Tell

Items shown at our September 8, 2021 meeting,
reported by Melissa Gumm.

  1. Lyle Daly showed two items related to his Panama-Pacific International Exposition(PPIE) commemorative half dollar which he had shown during our July meeting. While doing research at the Kane County flea market (for how to market items he and his wife are looking to sell), Lyle was left on his own and found instead two wonderful documents of the PPIE.
    1. A Panoramic View of Panama Pacific Exposition buildings, San Francisco, California, compliments of The Travelers Insurance Company ticket department Hartford, Connecticut. This features a wonderful photograph of the exposition.
    2. The Panama Canal at San Francisco 1915, a 12 page booklet featuring a photo of the Panama Canal building which housed an enormous working canal model, surrounded by a series of moving rail cars holding visitors 20 feet above the model. Additional photos were included as well as specifications on the canal and model.
  2. Deven Kane showed three items under the theme “settling for something else.”
    1. A silver coin of the first Seleukid king, Seleukos I Nikator; maybe from the Susa mint. The obverse features a head of a hero (possibly Alexander or Seleukos) facing right, wearing a helmet covered with panther skin and adorned with the ear and horns of a bull. The reverse features Nike standing right erecting a trophy; with a monogram below the left wing, and a monogram in the field between Nike and the trophy. Both monograms are known for the coins of Seleukos I, but not on this type. The style is crude and barbarous, leading Deven to believe it is not an official issue. With the original type being out of his budget, Deven settled for this one. There is some debate of whether it is Alexander or Seleukos personified as Dionysus.
    2. A scarce bronze coin of Timarchos from the Ekbatana mint, during one of the many uprisings against the Seleukid Empire. The obverse has a diademed head of Timarchos facing right, while the reverse has Nike advancing left, holding a palm frond and crowning royal name. This very rare coin has a nice brown-reddish patina while the obverse is a bit off-center. The Greek inscription reads of Great King Timarchos, which is a deviation from Seleukid practice that was also used by his contemporaries Mithradates I of Parthia and Eukratides I of Baktria. Silver of Timarchos is extremely rare and was likely recalled after his defeat and death by Demetrius I Soter.
    3. A United States 2 ounce .999 Silver Medallion made with a design copying the early classic draped bust silver dollar dated 1804.
  3. In an effort to help a writer friend with research on an upcoming article involving specially prepared “Emergency Packet” money issued to U.S. Navy flyers operating over the Philippines in the later days of WWII, John Riley was motivated to secure one of the Series of 1941 bills, a 10-Peso, at the ANA World’s Fair of Money in August. The original packets consisted of four 10P, four 5P, and forty 1P notes. A total of 5,000 packets were produced and the currency so used is identifiable only by the serial number range. The series was first brought to the numismatic community’s attention through Neil Shafer’s original research at the U.S. Bureau of Engraving and Printing in the early 1960s. The notes could be used for survival purposes behind lines should the pilot have to eject from his airplane.
  4. Mark Wieclaw showed three coins, all related to the subject of the Pharos Lighthouse, one of the 7 wonders of the ancient world and the only one to appear on an ancient coin. Pharos is the name of an island off the coast of the city of Alexandria.
    1. A copper Drachm from Roman Egypt issued under Antoninus Pius, 138-161 AD, featuring Isis Pharia sailing right.
    2. A copper Hemidrachm from Roman Egypt issued under Antoninus Pius, 138-161 AD, featuring a heads on view of the Pharos Lighthouse. This is a rare coin for two reasons. The denomination is very seldom seen – most often the coinage was Dichalcoi, Diobols, Obols, Drachms, and billon Tetradrachms. Also most coins include the goddess Isis Pharia or a Galley (ship) in addition to the lighthouse.
    3. A billon Tetradrachm from Roman Egypt issued under Commodus, 180-192 AD. This coin features a Galley sailing past the Pharos Lighthouse. Another rare coin since Commodus did not issue many coins in that region.
  5. As has become his custom, Dale Lukanich showed a cut coin, or rather in this case medallion. The medallion is from Pergamum, Mysia during the reign of Septimus Severus (193-211 AD) while under Roman rule. The complete obverse would feature confronted busts of Septimus Severus facing right and Julia Domna facing left, while the reverse would feature Victimarius standing right wielding a double bladed ax or mallet ready to strike a crouching sacrificial bull at left, behind is a statue of Septimus Severus extending a hand and holding a scepter in military dress. Dale’s medallion was cut horizontally, with his piece showing the top of the heads on the obverse and, on the reverse, Septimus Severus at the top of the medallion.
  6. Joseph Boling showed a mission-specific short snorter. A Chinese note was used to document the inauguration of B-29 raids from Chinese bases against the Japanese home islands, on 15 June 1944. Terse notations state the combat conditions and the time and altitude that their payload was dropped – on a steel mill in northern Kyushu. Most crew members signed the note and included their duty: pilot, co-pilot, navigator, radio operator, tail gunner, and so forth. This fascinating document was plucked from a junk box.


Preview of Our December Banquet
(1235th Meeting)

Date:December 8, 2021
Time:6:00PM Cocktails (cash bar), with complementary hors d’oeuvres.
7:00PM to 10PM Dinner and Meeting
Location:Maggiano’s “Little Italy,” 240 Oakbrook Center, Oak Brook, IL 60523 (on the east side of the Oak Brook Shopping Center).
Details: The cost is $64 if paid by Friday November 19, and will be $74 if paid after that date or at the banquet. Early commitments and payments are greatly appreciated. Our group will be meeting in the spacious Francesca room which can accommodate 65 to 85+ people; we will have plenty of room to accommodate members, spouses, guests, and friends of members. We might seat 6 people, rather than 8, per table in deference to Covid-19 concerns. There will be a private cash bar in the room for those wanting an alcoholic beverage. Make your reservation by mailing your check (payable to Chicago Coin Club) to P.O. Box 2301, Chicago, IL 60690; or by paying electronically (see the Chatter Matter page for details).
• Our dinner will start off with a Classic Tomato Bruschetta, followed by a Classic Caesar Salad.
• There will be three Entrees: Chicken Parmesan; Salmon with Lemon & Herb, Broccoli, and Crispy Vesuvio Potatoes; and Mom’s Meat Lasagna with Marinara.
• Dessert will be served individually to each guest: Mini Cheesecake, Vera’s Lemon Cookies, or Chocolate Truffles.
Parking: Plenty, and free.
Program: The speaker is Cliff Mishler, on Unbridled Perspectives on the American Numismatic Association and its Community Connections. CCC member and ANA Governor Cliff Mishler will provide an Insider’s view of today’s ANA. Current Club members serving as officers and governors in the ANA are invited to join Cliff at the podium for a forward-looking discussion around maintaining a parent organization that is vital and mutually beneficial.
Agenda: Award Presentations.

Our 1233rd Meeting

Date: October 13, 2021
Time: 6:45 PM CDT (UTC-05:00)
Location: Online Only!
Visit our Online Meeting webpage, at, for all the details on participating in an online club meeting. Participation in an online meeting requires some advance work by both our meeting coordinator and attendees, especially first-time participants. Please plan ahead; read the latest instructions on the day before the meeting!
Featured Program: Richard LipmanJohn Miles Baker and the Magnificent 99 Company
In 1965 John Miles Baker started a company in California, placing coins in small sealed envelopes with a story and stamp on each one: a limited edition “First Day of Issue” coin. Join us at the online October meeting to learn more about the 99 Company and the backstory of their novel efforts to combine in a single product the most popular hobbies of the day – collecting coins and stamps!

Important Dates

Unless stated otherwise, our regular monthly CCC Meeting is online during the Covid-19 isolation era on the second Wednesday of the month; the starting time is 6:45PM CT.

October 13 CCC Meeting - Featured Speaker - Richard Lipman on John Miles Baker and the Magnificent 99 Company
November 10 CCC Meeting - Club Auction - no speaker
December 8 CCC Meeting - Annual Banquet - Featured Speaker - to be announced
At Maggiano’s “Little Italy,” 240 Oakbrook Center, Oak Brook. The cost is $64 if paid by Friday November 19, and will be $74 if paid after that date or at the banquet. Early commitments and payments are greatly appreciated.
January 12 CCC Meeting - Featured Speaker - to be announced

Chatter Matter

Contacting Your Editor / Chatter Delivery Option

The print version of the Chatter is simply a printout of the Chatter webpage, with a little cutting and pasting to fill out each print page. The webpage is available before the Chatter is mailed.
If you would like to receive an email link to the latest issue instead of a mailed print copy, send an email to You can resume receiving a mailed print copy at any time, just by sending another email.

Club Officers

Elected positions:
Lyle Daly- President
John Riley- First V.P.
Melissa Gumm- Second V.P.
William Burd- Archivist
Directors:Deven Kane
Mark Wieclaw
Carl Wolf
Steve Zitowsky
Appointed positions:
Richard Lipman- Immediate Past President
Scott McGowan- Secretary
Elliott Krieter- Treasurer
Paul Hybert- Chatter Editor, webmaster
Jeffrey Rosinia- ANA Club Representative


All correspondence pertaining to Club matters should be addressed to the Secretary and mailed to:
P.O. Box 2301

Payments to the Club, including membership dues, can be addressed to the Treasurer and mailed to the above address.


Renewing Members Annual dues are $20 a year ($10 for Junior, under 18). Annual Membership expires December 31 of the year through which paid. Cash, check, or money order are acceptable (USD only please). We do not accept PayPal. Email your questions to Members can pay the Club electronically with Zelle™ using their Android or Apple smart phone. JP Morgan Chase customers can send payments to the Club via Quick Pay. To see if your Bank or Credit Union is part of the Zelle™ Payments Network, go to Please read all rules and requirements carefully.

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