The 1792 half disme (pronounced as “deem”) is widely considered to be the first U.S. coin struck under the authority of the Mint Act of 1792. President George Washington referred to the half disme as “a small beginning”. And small it was indeed: diameter 17.5 millimeters, weight 1.35 grams.
Folklore suggests that the obverse portrait is that of Martha Washington. The same folklore claims that the silver used to strike the first half dismes came from Mrs. Washington’s personal silverware. There is, however, no supporting evidence of the silver’s true origin nor of use of a likeness of Martha.
It is believed that between 1,500 and 2,500 specimens were struck by the Mint. Of that number, it is believed that about 10% survive today. A specimen strike from the Starr collection, graded MS67 by PCGS sold for $1,322,500 on April 26, 2006. The highest numerically graded piece, an NGC MS68, sold for $1,500,000 by private treaty transaction in 2007.
At this month’s meeting we reviewed the overall state of the collectibles market. It was felt that the market is becoming saturated due to lack of interest by our younger generations who don’t share the passion of collecting. We need to seek new ways to re-energize our children and grandchildren. A committee was formed to investigate possibilities to do this.
Members shared several different coins with the club members, including a type set of Lincoln cents (always a popular starting point with younger children),
a mint state 20-Cent piece, and several U.S. Mint medals.
Our member auction was larger than usual and several members added coins to their collections at fabulous prices.
Next month we will be having our annual Christmas dinner, to be held at O’Charley’s on Route 725 (Miamisburg-Centerville Rd.) near the Dayton Mall at 6:00pm. Come, bring a guest, and help celebrate the end of another great coin collecting year!
This Month’s Meeting Will Be Thursday November 3rd 7:00PM
Highlight: Member’s Coin Auction
Guests Welcome To Attend & Participate
According to a recent report from Bloomberg, we lose $61.8 million worth of coins each year. Coins get sucked into vacuums, lost in the grass, fall out of pockets while fumbling for car keys, or are sometimes purposely thrown away because they are dirty or just stuck together.
There is a company just outside of Philadelphia, Covanta Holding Corp., that operates an incinerator that burns garbage to generate electricity. Last year the company recovered about $360,000 in nickels, dimes, and quarters. The company uses powerful magnets to collect scrap metal after burning trash and have developed a technique to separate the change from other burnt metal.
The coins are sooty when collected and in the past have been sold back to the U.S. Mint. I’m not saying we should all head for the nearest landfill but then again…
At this month’s meeting, we took an in depth look at the 1840-O Liberty Seated Quarter. Variations in mintmark sizes and locations were pointed out and examples were on site for club members to view.
1840-O With Drapery, Large O Mintmark
Also members brought in examples of the new gold Standing Liberty Quarter just released by the U.S. Mint. The gold SLQ commemorates the 1916 design by Hermon MacNeil. MacNeil submitted a militaristic design that showed Liberty on guard against attacks, a design influenced by WWI which was going on in Europe at that time.
Our upcoming November 3rd meeting will include an auction of coins from our member’s collections. It’s a great opportunity for collectors to add to their collections! All of our club’s meetings are open to guests. If coin collecting is in your blood, come join us. Yearly memberships are only $8
We have a new permanent meeting site for 2016. Beginning in January of 2016, we’ll be at St. Mark’s Episcopal Church at 456 Woodman Drive in Dayton. The meeting continues to be at the same time and date, 7:00 P.M. on the 1st Thursday of the month (except for December). Come be our guest at our next meeting and join the fun – we’d love to see you.
Our October 1, 2015 we’ll be at the Wright Memorial Public Library at 1776 Far Hills Drive in Oakwood; check back to see where we settle in November. Come join the fun – we’d love to see you.
It’s that time again, time for the club’s fun quarterly auction. For the sellers, dig out your extras, you “used to collect these’s”, and such and bring them down to the meeting. Remember, the club doesn’t charge you anything for this – you just have to be a member to participate. It’s a good idea for the sellers to get there early so they can make the list of the items they wish to sell for our friendly auctioneer to use.
It wouldn’t be an auction without buyers. This is a great way to pick up some needed items for your collection, and there’s a good chance you’ll find some bargains. If you’re not a member, no problem – just bring $8 for the annual dues and we’ll sign up on the spot. See everyone there!
Our interim location at the Wright Memorial Library in Oakwood was not available, so we have an interim interim location for our upcoming meeting. Join us at 7:00 pm on Thursday, May 7 at the Kettering Recreation Complex, 2900 Glengarry Drive in Kettering. In June we’ll be back at Wright Memorial. Click here for a map.
We had a great meeting on February 5, our last meeting at the Town and Country shopping center. Big attendance with some new members, a nice presentation on the transitional cent coinage of 1909, and our best auction yet, with some high value items mixed in with the more moderate stuff (proof 1872 2-cent piece, anyone?). We do the auctions every three months, so the next one is in May. Club members can bring in their coins, etc. and they’re auctioned off to other club members. Another good reason to join.
The Town and Country Shopping Center, our home for a number of years, is getting ready for a major remodeling. As a result, the club is in search of a new home for our monthly meetings; if you have a candidate (available the 1st Thursday of the month at 7:00, can seat 50 or so, good for presentations, is low or no cost, located in the Kettering or thereabouts area) get in touch with us at firstname.lastname@example.org.
In the meantime, we’ve got a temporary location for our March and April meetings. We’ll be at the Wright Memorial Public Library, 1776 Far Hills in Oakwood. Same great meeting, just a new location. See you there!
The Dayton-Kettering Coin Club’s 2015 Coin Show, Dayton’s premier numismatic event, is coming up fast! The show is scheduled for March 1 at the I.U.E. Hall on Woodman Drive from 10:00 AM to 4:00 PM. Click on the 2015 Show page above for more details, including show applications for our dealer friends. Put it on your calendar today!
Our friends at the Clark County Coin Club are having their coin show this coming Sunday, November 9th from 10 am to 3pm at the Windy Knoll Golf Course located at 500 Roscommons and Bechtle Rd. in Springfield. Here’s the map – hope you can get out and support the hobby.
Numismatists like to think that coins are all about us; we’re the only ones paying attention. Not true – coins often pop up in popular culture, song titles, well worn cliches, and a million other places.
A good example of that is a new restaurant that recently opened in Dayton. Wheat Penny Oven & Bar features California style pizzas made with a host of quality ingredients; haven’t eaten there yet, but the menu looks interesting.
Of course, from a coin collectors point of view, it’s the name that snags us. The huge (and well done) depiction of the reverse of the Lincoln Cent of 1909-1958 also grabs your attention. If you haven’t seen it, cruise by 515 Wayne Avenue and take a look. Better yet, stop by and get yourself some pizza. Hmmm, a possible site for the club’s holiday dinner this coming December?
I wonder if they have Buffalo Nickel Wings?
The Dayton-Kettering Coin Club’s annual show is almost upon us. We’re scheduled for March 2 from 10:00 AM to 4:00 PM. Check out the show page for more information!
The world is full of important people, but there are very few great men. Nelson Mandela was recognized with a Congressional Gold Medal authorized in 1998.
The Dayton-Kettering Coin Club, with the help of the Central States Numismatic Society, has again purchased an incredibly diverse and interesting collection of numismatic books and donated them to the Dayton Metro Library. The club wants to give our members and the general public access to wide range of information about coin collecting; what better way then to put them on the shelves of our well run local library system for everyone’s enjoyment. Central States generously reimburses the DKCC for the bulk of the money spent on the project – what a win/win for everyone!
Here’s the list of the DKCC’s 2013 donation:
A Guide Book of United States Type Coins
A Guide Book of flying Eagle and Indian Head Cents
The Authoritative Reference on Lincoln Cents
Complete guide to Buffalo Nickels
The Complete guide to Mercury Dimes
Standing Liberty Quarters
Complete Guide Washington Quarters
The Walking Liberty Half Dollar
A Guide Book of Franklin and Kennedy Half Dollars
Carson City Morgan dollars
Handbook of 20the Century United States Gold Coins 1907-1933
Numismatic History of Mexico
100 Greatest American Medals and Tokens
Encyclopedia of Colonial and Early American Coins
100 Greatest U.S. Error Coins
Renaissance of American Coinage 1905-1908
Renaissance of American Coinage 1909-1915
Renaissance of American Coinage 1916-1921
Coin Chemistry including preservation and cleaning
Obsolete Paper Money Issued by Banks in the United States 1782-1866
100 Greatest American Currency Notes
America’s Money, America’s Story: A Chronicle of American Numismatic History
The books should soon be on the shelves of the Wilmington-Stroop branch of the Dayton Metro Library system, located at 3980 Wilmington Pike. But don’t let the location hold you back from checking out the books you want. Visit the Dayton Metro Library website and you can reserve your books and pick them up at your local branch. Happy reading from DKCC!
Wow – we had a bunch of members show up for the June meeting; great to have everyone there. Thanks to Tim for presiding in my absence.
As Independence Day falls on the first Thursday of July this year, our July meeting will be on July 11 instead. Same time (7:00) and same location (Town and Country Shopping Center Community Room).
We have an excellent speaker lined up for the meeting. Don C. Kelly is a nationally known expert and dealer in United States currency, hailing from nearby Oxford, Ohio. He’s the author of National Bank Notes: A Guide with Prices . Don will be speaking on the subject of National Bank Notes, a popular and fascinating part of United States currency collecting. I suspect this will be one of the more popular presentations for the club this year.
Since we want to get the full benefit of Don’s presentation, he’ll be starting his talk right at the crack of 7:00. I suspect this will be one of the more popular presentations this year, so I would encourage all members to arrive early to guarantee a seat. If you have collecting friends who would be interested in Don’s talk, please invite them along.
After Don’s talk, we’ll conduct the regular meeting. I’ll have rolls and singles of the 2013 Native American dollar coin from Philly and Denver for distribution to interested members. I’m only planning on getting ten rolls of each; the 2012 issues were very popular with club members (I ran out!) and I expect this year’s to go just as fast. If you want to reserve yours, feel free to send me an e-mail.
I still have several P & D rolls of the William McKinley Presidential dollars left. If you would like any of these, I’ll have them at the meeting. What’s left afterwards will be going to the bank. In August, we should have Teddy Roosevelt dollars available.
For the 57th time since George Washington took the oath of office at Federal Hall in New York City in 1789, we’ve celebrated the quadrennial inauguration of a president, in this case the second inauguration of our 44th president, Barack Obama. The inauguration is rich in tradition, with the gathering of dignitaries, the pomp of the ceremony, the eloquence of the inaugural address, and the sense of a fresh start as our republic begins a new cycle of leadership.
For the numismatic community one of the highlights of the inauguration is the inaugural medal. The modern version of the medal dates to William McKinley, and every president since has had one. Some are truly works of art while others are, well, maybe a bit routine. All are souvenirs of their time and are avidly collected by a small but steady band of enthusiasts. To take a look at the modern inaugural medal, check out Joe Levine’s website, History of the Official Inaugural Medal.
The official inaugural medal for 2013 was sculpted by Peer Hansen and struck by the Medalcraft Mint. Coin World ran an informative article in January. Joe Levine’s Presidential Coin & Antique C0., Inc. would be happy to sell you a bronze, silver, or gold version of the medal; click here for more information.
Finally, sculptor Amy Kann has created her own inaugural medal for 2013. While not the official medal, it is a very attractive work. Amy is funding the project via Kickstarter, an on line funding community. If you back the project at a certain level, you get the medal. If you back it at a high enough level, she’ll put you on a medal! Very cool!