Mint Luster

1 MB·English

by  Oklahoma Numismatic Association

The Official Publication of the
OKLAHOMA NUMISMATIC ASSOCIATION
Vol. 35, No. 1 Jan., Feb., Mar., 2011
ONA OFFICERS
President
Gary Parsons - 405/426-9044
[email protected]
Vice President
Dale Schaffer
7101 S Yale #199
Tulsa, OK. 74136
918/496-3008
Secretary/Treasurer
Shane M. Cornell
PO Box 277
Jenks, OK. 74037-0277
[email protected]
The Mint Lusteris the official publication of the Oklahoma Numismatic Association. It is
published quarterly in July, October, January, and April. The Mint Lusteris mailed to all
current dues paying members of the ONAwhich includes all ONAlifetime members. This
Publication is dedicated to improving the communication among ONAmembers. To cor-
rect any subscription problems, please contact the Secretary as there may be an incorrect
address in the ONAdatabase or your dues may have expired.
Advertising copy must be received by the editor 15 days prior to the first day of the pub-
lishing month. The editor reserves the right to revise copy to fit the requested space. All
adsarepriced on a PAID IN ADVANCE basis.
EDITOR ADVERTISING RATES
Brian Miller Full Page $40 per issue/$120 per year
[phone] Half Page $25 per issue/$80 per year
[email protected] "Business Card" Ad $15 per issue/$50 per year
Sixth Page $10 per issue/$35 per year
Forward advertising inquiries and all other material to Editor at the phone, or email listed above.
Editor’s Notes
I
am very excited to be taking over
as the Mint Luster editor. I have a
lot of ideas in place and slowly I
will start to work them into the
newsletter.
Brian Miller - Editor
I was told I should write a little intro-
duction about myself to all of you, so he has just started his own penny col-
here it goes. I started collecting pennies lection. We enjoy attending the OKC
when I was about 7 years old and Coin Club meetings each month and
quickly expanded into other denomi- we really enjoy the “show and tell”
nations. I now collect every series from part of the meetings.
large cents to Peace dollars, but unfor-
Ihope all of you enjoy the new look to
tunately, all I have left to acquire are
the newsletter and if anyone has any
the really tough dates, but I still try to
suggestions please feel free to contact
buy 3 or 4 coins per year. I am married
me and let me know.
and have a 7 year old son and a 3 year
old daughter.My son has just recently
became interested in collecting too and
New Members
Brian Miller, Oklahoma City
Robert Borland, Sr., Richardson, TX
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Letter from
the President
P
lease join me in welcoming
Brian Miller as the new editor
of MINT LUSTER. Brian is an
active member of the Oklahoma City
Gary Parsons - President
Coin Club. He has been a collector of
U. S. coins for most of his life. Thank
represent their club at the Challenge
you Brian for taking on this big job for
that will take place at the ONA
the association! The MINT LUSTER is
Oklahoma City Show in 2011. The
our primary means of communication
Association will provide a cash prize of
with our members. We are always look-
$100 to the club that wins the challenge
ing for new content, so send your club
and $50 to runner up. So get out your
reports, articles, and suggestions to
Redbooks and start reading. I will be
Brian.
contacting the club leadership of each
October took me to the Border Town participating club soon with details
Coin Club show in Ft Smith. It seemed and to schedule visits.
to be well attended and I visited with
lots of friends from Arkansas and The health of the hobby and coin mar-
Texas. I also bought some neat coins ket seems to be outstanding as we near
and notes. You should plan to attend the end of another year.With gold and
this show if you haven’t been. Their silver commodity prices near record
next show will in March, 2011. The levels at $1400 per ounce and $27 per
Lawton show is days away as I write ounce respectively, prices for collectible
this and I’m planning to attend. coins and currency seem to be firming
and going up in some areas of market.
The Association recently approved my
2010 was a great year for ONA with
proposal for a coin club competition;
many new members joining, a new
I’m calling the Redbook Challenge.
club in McAlester, and two successful
Multiple choice examinations will be
shows. Lets all pledge to work hardto
administered at the club level to test
make 2011 even better. Your
member knowledge of the Redbook in
clubs that wish to participate. Prizes Association and clubs will only be as
will go to team members that prevail at good as we want to make them.
the club level. The scores attained at Volunteer your time and talents to
the club level will be averaged and a make things better for all of us. Your
club score for all the clubs will be com- ideas are always welcome but your
pared. The two clubs with the highest willingness to work to make your ideas
average scores will pick members to areality is even more appreciated.
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Why We
Collect
W
e will continue our
discussion of Civil
War money. The ANA
recently announced that next
year’s National Coin Week (April
Gary Parsons - President
17-23, 2011) theme will be BLUE,
GRAY, and GREENBACKS. In as a result. The stamps are avail-
April, 2011, we will celebrate the able and can be acquired in nice
sesquicentennial (150 year circulated condition for under
anniversary) of the start of the
$100depending on type. Encased
Civil War. Because the Civil War
stamps are rare and expensive.
theme of this column has become
Most collectors try to acquire a
timely, I plan to continue write
nice type in the various denomi-
on this topic for at least the next
nations.
two quarters.
Because stamps did not hold up
This quarter we will turn to
well and encased stamps were
money/money substitutes creat-
expensive to make, the private
edby the private sector and indi-
sector begin creating what we
vidual States to meet the needs of
call Civil War tokens as early as
commerce due to disruptions
1862. Most were made in similar
resulting from the War. By 1862
size and metal as the Federal
Federal Coinage was being
bronze cent. These were readily
hoarded by the public to such an
accepted in the market place and
extent that merchants lacked
quickly become, along with
coins to make change in ever day
transactions. Postage stamps paper fractional notes, the prima-
were monetized by the govern- ry small denomination money.
ment in an attempt to meet this Civil War Tokens were made in
need. These stamps did not hold huge quantities and eventually in
up well in everyday commerce. numerous sizes and metals. For
Encased Stamps evolved to pro- this reason common varieties in
tect the stamps. Many collectors well circulated grades can be
of Civil War money collect both acquired for less than $20. There
the stamps and encased stamps are two major types of Civil War
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Tokens, Patriotics, which are We are all familiar with Federal
more generic with standard Fractional notes which I have
designs. Store Cards or Merchant mentioned previously. What is
tokens included advertising and not so well known is notes were
unique designs, which required issued in the private sector and
individual dies. These were more by individual states in the
expensive to make but also Southern States during the Civil
become popular. I collect these War. I will pick up on this topic
old tokens and find them fasci- next quarter. IS THIS A GREAT
nating and historically signifi- HOBBYOR WHAT !!
cant. Consider joining the Civil
War Token Society if you decide
to collect these old coins. They
make a wealth of information
available to members through
their quarterly Journal and vari-
ous books published by the
Society or its members, many of
which are involved in original
research.
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WWhhaatt IIss AA
DDiimmee WWoorrtthh??
I
n the June 20, 1958 COIN-
WORLD, a dime minted in
San Francisco in 1894, one
of 24, was sold to an anonymous
collector for $3,200. In May 1996,
an 1894S, Prf-64, Barber Dime, Irv Brotman
from the Eliasberg Sale, brought
In a 1964 COINWORLD ad, a
$451,000.
reputable coin company offered
an XF 1798 Sm. 8 Dime for $2,500.
The $3,200 deposited in a bank at
They noted it was “Extremely
6% would have earned only
Rare only 5 to 6 known”. Aquick
$29,300. Not too bad for a 38 year
bank deposit. But how would a check of my 2008 North
really savvy collector who does American Coins and Price Guide
his homework do better? indicated 4 varieties, with a
Research! mintage of 27,650. The Small 8
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version in XF-40 is only priced at about 20 years from now bring?
$3,600. After 44 years you would Old issues of price lists are a
think that this Dime should be must for your research. Example:
valued much higher. It is only 1 the same 1964 price list that I
of the 4 varieties, and is very eas- used, offered a fine 1942/41 dime
ily identified. for only $100, and a VF for $135.
Check out those prices now!
If you go back to the Eliasberg
specimen, it was a PROOF. The
1798 coin in 2008, is listed in MS
60 at only $9,500. NOPROOFS!
So, coin collector, what would
you think an auction price, say
COIN SHOW GUIDE
ONA 2011 Annual Show Enid Coin Club
April 30 - May 1 Spring Show
State Fairgrounds, Oklahoma March 11-13, 2011
City, Hobbie, Arts & Crafts Bldg. Fri. 12PM-6PM, Sat.& Sun.
9:00 AM each day, Dealer Set-up 9:00AM Open, Free Admission
10:00 AM April 29, Early bird - Garfield County Fairgrounds,
noon to 6:00 PM - For informa- Pavilion Bldg., 111 West
tion, Contact Gary Parsons, Purdue, Enid. For Info contact-
show chairman at 405-426-9044 CLIFFORD COOPER (580)
e-mail: [email protected] 478-5709 or [phone].
Border Town Stephens County
Coin Club Show Coin Show
March 18-20, 2011 February 11-13, 2011
Fri. 3-7, Sat. 9-5, & Sun. 9-3 Fri. 1PM-6PM (dealer set-up)
Columbus Acres, Sat. 9-5, Sun. 9-3 Free
Hwy 71 South & Broken Hill Dr., Admission, Stephens County
Fort Smith, Arkansas. Fairgrounds, Duncan, OK.
Contact-TRAVIS MORRIS at
[phone] or
[phone].
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ONA COIN CLUBS
All ONAmember clubs may have their information listed at no charge. Send
any changes or corrections to the Mint Luster Editor.
OKC Coin Club Border Town Coin Club
ONALife Member 40 ONALM-234
Meets 1st Tuesday monthly at 7pm Meets 2nd Tuesday of each month
St. Lukes Methodist Church Bancorp South - East Branch
222 NW 15th St 7000 Rogers Ave
President - Terry Gust Fort Smith, AR
Vice Pres - Ron LaSpisa President - Phil Rosar
Secretary - Carroll Johnson Vice Pres - Richard Bartlett
Treasurer - John Ogilbee Sec/Treas - Dale White
Historian - Allan Ramsey PO Box 931
Box 21022 Fort Smith, AR. 72902
OKC,OK. 73156-1022 479-783-5881
Enid Coin Club Indian Territory Coin Club
ONALife Member 67 Meets 2nd Monday each month -
Meets 1st Tuesday monthly at 7pm 6:30pm
Oklahoma Highway Patrol Station Angels Diner, 1402 S. George Nigh
5725 W Owen K Garriott Rd. Expressway, McAlester
President - Robert Gregg President - HLDollens
Vice Pres - Keith Boltz Vice Pres - Jeff Cecil
Secretary - Ronald Forshee Sec/Treas - Gary Parsons
813 W Maine 1232 S Main St.
Enid, OK. 73701 McAlester, OK. 74501
[phone]
Magic Empire Coin Club
ONALife Member CC 241 Comanche County Coin Club
Meets 4th Thursday monthly at ONALife Member 14
7pm. Meets 1st Thursday of each month -
Yale Avenue Christian Church 7pm
3616 S. Yale Lawton Public Library Room 2
President - John Sands President - Sam Feeback
Vice Pres - Ron Lawrence Vice Pres - Ed McGill
Sec/Treas - Joe Anne Sloan Secretary - Patrick Payne
PO Box 580055 Treasurer - Larry E. Campbell
Tulsa, OK. 74158 PO Box 6555, Lawton, OK. 73506
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