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!
The Dayton-Kettering Coin Club’s Annual Show is coming up fast! We’re scheduled for Sunday, March 3, 2013 from 10:00 AM to 4:00 PM at the I.U.E. Hall located at 1675 Woodman Drive in Dayton (here’s the map). The 2012 show was well attended by both dealers and collectors, and we want to make the 2013 show even better. Dealers or others interested in having a table should contact our friend John Eckman of Dixie Coins and Stamps as soon as possible to get an application and guarantee your spot -you can reach John at 4722 South Dixie Drive, Dayton, OH 45439, 937-294-0601, firstname.lastname@example.org . Collectors should be working on their wish lists for the biggest annual numismatic event in Dayton.
General H. Norman Schwarzkopf, famed commander of the Desert Shield and Desert Storm campaigns, died this week at the age of 78. In 1991 the United States Congress honored General Schwarzkopf by passing legislation awarding him the Congressional Gold Medal. In the modern era, Congress usually authorizes the United States Mint to sell bronze copies of the recipient’s medal; such was the case with the Schwarzkopf medal. The medal has not been available from the mint for many years, but the 3 inch diameter and 1 1/2 inch diameter medals can occasionally be found on e-bay and other sources. For a history of the Congressional Gold Medal and a list of the medals issued, click here.
The always worthwhile Clark County Coin Club Semi-Annual Coin Show will be held on Sunday, November 11 from 10/;00 AM to 3:30 PM at the Springfield Youth BB Association Building at 432 S. Burnett Road in Springfield. The Clark County club puts a good amount of work into their shows – show your support by attending!
Well, not exactly our 23rd President himself (he’s been occupying an Indianapolis cemetery since 1901) but the new dollar coin recently issued in his honor. The club will have a limited number of rolls of both the Philadelphia and the Denver coins available for purchase at $29 per roll, and will have single examples available for $1.50 each. If you would like yours, they will go on a first come, first served basis at our upcoming October 4 meeting.
Did you know that the oldest sound recording of a President is of Harrison speaking in 1889? Click here to hear a bit of history.
We also have a few rolls and singles of the Grover Cleveland 1st Term dollars left. They will make a final appearance at the October 4 meeting before departing. $29 each, or $1.50 per single. Last chance!
Got a mess of old silver dollars grandma left you, a bunch of strange foreign money someone brought back from an overseas trip, or maybe a peculiar coin you got in change and have held on to? Want to know what it ‘s worth and learn more about coin collecting? You’re in luck! The Dayton-Kettering Coin Club is bringing it’s very popular presentation on figuring out what your coins are worth and getting started in coin collecting to the Huber Heights branch of the Dayton-Metro library at 6160 Chambersburg Road from 2:00 to 4:00 on Saturday, October 13. Club members will give you a short overview of American coins, answer your questions, and then sit down with you to see what you have and help you figure out it’s value. The presentation is free and open to the public, but seating is on a first come basis.
The well regarded Token and Medal Show sponsored by the Indiana-Kentucky-Ohio Token & Medal Society is scheduled for Friday, October 12 from 10:00 AM to 6:30 PM and Saturday, October 13 from 9:00 AM to 3:00 PM at the American Legion Post located at 200 West National Road (US 40) in Englewood (click here for more information). For those of you who already have an interest in exonumia or just want to check out something off the beaten track of coin collecting, this show promises to be fun. See you there!
The Dayton-Kettering Coin Club takes the show on the road on Saturday, July 14 at 1:30 at the Centerville Library, 111 W. Spring Valley Rd in Centerville. We’ll be giving a talk on how to start coin collecting and, the most important part, how to have fun with it. After the talk is done, we’ll have club members who will be happy to talk a look at any coins or paper money you bring and help figure out what you have. Come early to get a good seat and bring your questions and your coins. Click here to upload a copy of the flyer the library prepared for the event.
At our May meeting we were lucky to have a presentation by Stephen Petty of Columbus on the fabulous collection of Liberty Seated Dollars he and his late son Mark assembled. Steve shared a wealth of information on this fascinating, and much rarer, precursor to the Morgan series. The Dayton-Kettering Coin Club was lucky to get this quality presentation by this well know expert. Thanks, Steve! You can visit the Liberty Seated Collectors Club to learn more.
And our luck continues in June and July. Brad Karoleff, noted Cincinnatiarea numismatist and editor of the John Reich Journal, will speak to the club at our June 7 meeting. Brad is also President of the John Reich Collectors Society. The Society is dedicated to American gold and silver coins issued prior to the Liberty Seated series; seems like the club is heading further back in time. Thanks to Dave Heinrich of the Cincinnati Numismatic Association and the Central States Numismatic Society for helping arrange for both Steve’s and Brad’s presentation.
At our July 5 meeting, John Roberts of ANACS will visit the club. John is the Director of Attribution Services for ANACS and is a noted expert on Morgan Dollars and their varieties. He’ll be switching gears for our club, and will be talking about his own collection of pieces with coining presses on them. It promises to be a very interesting presentation.
When you stop and think about it, it’s pretty amazing that we have this wealth of numismatic talent at our doorstep. Make sure you get to both the June and July meetings – you won’t be disappointed!
Coin shows are a great way to see a bunch of coins fast and find the items you need for your collection, as well as meet new friends who share your collecting interests. Beginners are always encouraged and welcome. Collectors in the Dayton area are lucky to have two well attended and well regarded coin shows that are held nearby every month. Put them on your calendar now so you don’t miss any of the fun!
The first, the Columbus Coin, Stamp & Card Show, is held on the third Sunday of the month from 10:00 to 4:00 at the Makoy Center located at 5462 Center St. in lovely Hilliard on the west side of Columbus (near us!). Admission is a mere $2 for folks 18 and up, free to those younger than that. The show is organized by noted Columbus dealer Dan Rich. If you have any questions, you can reach Dan at 614-785-9967 or at email@example.com .
The second is the popular Greenhills Classic Coin & Stamp Show held every month on the last Sunday beginning at 10:00. Admission is free, but you can get a jump on everyone else by paying $10 for early bird admission at 8:30. The show is held at American Legion Post 530 located at 11100 Winton Rd. in Greenhills on the north side of Cincinnati (near us!). The show is organized and hosted by DKCC’s good friend Jim Huffman of Xenia Coin; you can reach him at 937-376-2807 or at firstname.lastname@example.org .
Late last year, the Treasury Department bowed to reality, and bulging vaults, and announced that they would no longer be minting the dollar coins for circulation. For collectors used to going down to their bank for fresh rolls of coins as they were issued, this was disappointing news.
The Dayton-Kettering Coin Club feels your pain. The good news is that the mint is still making the coins – you just have to order them directly from them and pay a small premium, as well as shipping. The per coin cost is smaller if you buy in bulk. So, on an experimental basis, we’re going to try and do something to solve our members’ dilemma.
Beginning with this year’s first Presidential dollar honoring Chester Alan Arthur, as well as the soon to be released 2012 Native American dollar, the club will purchase 10 rolls of each new dollar from both Denver and Philadelphia. We’ll make them available at the club meetings to the members who attend at our cost; we’re estimating that it will be about $29 per roll. For those of you who want just one or two, we’ll break open a roll if we have any left over. If there’s sufficient demand, we’ll order more in future.
The mint will resume taking orders for the Arthur dollar in early May, and the new Native American dollar is available April 26. We anticipate having the coins in time for the June meeting. The catch is you’ve got to come to the meeting if you want to pick up the coins. If you’re interested in reserving a roll now, send us an e-mail at email@example.com.
NPR recently ran an interesting story on the economics of keeping the dollar bill versus replacing it with the unloved dollar coin. In recent decades several countries, including Canada and the United Kingdom, have dropped their lower value bills in favor of coins. You can hear the NPR story here; what do you think?
The nickel five cent piece has been around since the Civil War. Its almost century and half long run, however, might be coming to an end, at least with its current composition of 25% nickel and 75% copper. The metal in each coin is now worth more then the face value of the coin – it currently contains $0.0546 worth of copper and nickel. The U.S. Treasury handed down regulations several years ago prohibiting the melting and exportation of the coin, but the Treasury has also been authorized to explore making the coin with other materials. Speculation is that we might eventually see a steel nickel (or would that be a stickel), much like its Canadian counterpart north of the border.
If the day ever comes when the current coin is replaced with a new metal, it’s safe to say that the common Jefferson nickel we’re all familiar with will begin to disappear into the melting pot, becoming less common in the process. This would deprive us of one of the more interesting series for new collectors. TheJeffersonwas first introduced 1938 and, when compared to our other circulating coins, seems to have a larger number of older pieces in circulation. Just how many, though, we don’t know.
One of our members did a recent survey to find out. He picked up rolls totaling 4,160 coins from local banks to see what they contained. Because the series represents almost 75 years of issues, he decided to only look for coins made prior to 1970, focusing on the first 30 years of the series. Here’s a list of what he found
He found 298 coins dated before 1970 in the sample, or 7.16% of the total. Nickels were found from each of the four decades, including a Fine first year of issue 1938 and two well well worn silver war nickels. The most common nickels were the 1964 and 1964D issued over a couple of years during the mid -1960s coin shortage. Those two dates alone made up over half of the coins found.
So what does all this mean? Well, it would seem to say that you still have a pretty good shot of putting together a collection of most Jefferson nickel issues from circulation; it’s neat to think that you can even find silver war nickels after all these years. It also shows you what we can lose if we ever do see the melting of these coins. I doubt they will ever be rare, but you will see them vanish from your pocket quickly. Might be a good time to start working on that collection…
Coin collectors have observed that one of the ways to measure the economy’s health is to take a look at the coins in your pocket. If you have new, shiny coins it probably means good times – expanding economies need generate a need for more coins and currency. Conversely, bad times have meant not so many new coins in circulation; historically, some of the lowest mintages have occurred when the country was deep in a recession or depression. When people aren’t spending, the old coins on hand will be more then sufficient for their needs.
The recent Great Recession officially began in December 2007 and ended in June 2009. The strong aftershocks, though, have been with us for some time; it looks like the economy is only recently showing sustainable strength. How has that been reflected in our circulating coinage?
In September 2010 one of our members did a survey of some 650 quarter dollars then in circulation. He found that quarters dated 2008, including the final state quarter forHawaii, were well represented. There were 48 2008 quarters, or almost 7.4% of the total. Beginning with 2009, though, the numbers shifted. There was only one quarter for 2009, the year of the DC and Territorial quarters, in the sample, or 0.15% of the total. There were no quarters from 2010, the first year of the ten yearAmericathe Beautiful quarter program (you can find a complete description of what was found here).
In March 2012 the same member recently surveyed another, larger sample of quarters, looking at 1600 different coins. The emphasis on this search was to see how many 2009 to 2012 quarters were in circulation. A higher percentage of coins in circulation would indicate a relatively healthier economy.
12 quarters dated 2009, 2010, or 2011 were found in the sample, equaling .75%. No quarters dated 2012 were found. While the percentage was up from the earlier sample, it still pales when compared with the final year of the state quarters. This would seem to indicate that economic growth is not yet robust enough to pull newer quarters out of storage and into circulation.
Here’s a list of what was found in the newer sample:
2009: DC-P (2), Puerto Rico-D (1), Guam-P (2)
2010:Mt.Hood-P(1),Mt.Hood-D(1), Grand Canyon-P (1), Yosemite-P (1)
2011: Glacier-P (2), Gettysburg-D (1)