Weird Money Facts

  1. The Bureau of Engraving and Printing uses 9.7 tons of ink each day. It has two active facilities from which it prints money today.
  1. Gambling generates more revenue each year than movies, spectator sports, theme parks, cruise ships and recorded music combined. Gambling is a $34.6 billion per year industry.
  1. 94% of all bills are contaminated with bacteria. Although only about 7% of these germs may be hazardous to your health, they do include pathogens that can cause pneumonia, staph infections, and the flu. (The flu virus can survive on a dollar bill for more than 10 days.)
  1. It takes, on average, 8000 folds before a bill will tear. A $1 bill has a life expectancy of 5.9 years while a $100 bill has a life expectancy of up to 15 years.
  1. There is more Monopoly money printed every year than actual cash. The game prints about $50 billion of its currency each year.

Dayton Kettering Coin Club

  1. Only 8% of the world’s currency is actual physical money. The rest is digital money that exists only on computers.
Sunday, December 18th, 2016 Uncategorized Comments Off on Weird Money Facts

Great Coin Stories: The Communist Dime

The communists have infiltrated U.S. Mint! That’s what much of the country thought when the Mint first introduced the Roosevelt dime in 1946. Although the coin clearly honored President Roosevelt, many citizens also felt that it secretly paid tribute to communist leader Joseph Stalin.

Roosevelt had just begun serving his 4th term as President when he died in Warm Springs, Georgia in 1945. He had served as President through most of the Great Depression and World War II. Many younger Americans had known no other President.

It was no surprise when the decision was made to honor President Roosevelt on a coin. That the dime was chosen was also no surprise as President Roosevelt had been a victim of polio and was a founder of the March of Dimes.

coin collecting, Roosevelt dime

So what made the public think that a coin honoring President Roosevelt was really a secret tribute to communist leader Joseph Stalin? When released on what would have been Roosevelt’s 64th birthday, people quickly noticed a set of initials on the obverse of the new coin just below Roosevelt’s portrait. The initials were “JS.”

coin collecting, Roosevelt Dime

The rumor spread that the initials stood for Joseph Stalin and that communists had infiltrated our government. The U.S. Mint took this rumor seriously enough and responded by informing the public that the initials were in fact those of the coin’s designer, John Sinnock, and not those of communist dictator Joseph Stalin.

Friday, December 9th, 2016 Uncategorized Comments Off on Great Coin Stories: The Communist Dime

Christmas Celebration

On December 1st the Dayton-Kettering Coin Club enjoyed our annual Christmas dinner. This year we met at O’Charley’s near the Dayton Mall. A good time was had by all who attended. After a great meal and lots of conversation, door prizes were awarded. We look forward to a new year with exciting coin discoveries and collecting opportunities.

coin collecting

Friday, December 9th, 2016 Uncategorized Comments Off on Christmas Celebration

Great Coin Stories: The Story Makes The Coin

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.

1792-half-disme

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.

Thursday, November 10th, 2016 Uncategorized Comments Off on Great Coin Stories: The Story Makes The Coin

November Meeting Recap

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),

lincolns

 

a mint state 20-Cent piece, and several U.S. Mint medals.

 

twenty-cent

 

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!

Friday, November 4th, 2016 Uncategorized Comments Off on November Meeting Recap

November 2016 Club Meeting

This Month’s Meeting Will Be Thursday November 3rd 7:00PM

Highlight: Member’s Coin Auction

Guests Welcome To Attend & Participate

Sunday, October 23rd, 2016 Uncategorized Comments Off on November 2016 Club Meeting

Lost: $61.8 Million In Coins Each Year

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…

sooty-coins

Monday, October 17th, 2016 Uncategorized Comments Off on Lost: $61.8 Million In Coins Each Year

October 2016 Meeting Highlights

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

1840owd_obv 1840owd_rev 1840owd_macro

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.

unknown-2

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

Wednesday, October 12th, 2016 Uncategorized Comments Off on October 2016 Meeting Highlights

New Meeting Location for 2016

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.

Wednesday, December 9th, 2015 Uncategorized Comments Off on New Meeting Location for 2016

October 1 Meeting back at Wright Memorial Library, Oakwood

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.

Monday, September 28th, 2015 Uncategorized Comments Off on October 1 Meeting back at Wright Memorial Library, Oakwood

AUCTION! MAY 7 MEETING!

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!

Sunday, May 3rd, 2015 Uncategorized Comments Off on AUCTION! MAY 7 MEETING!

May 7 Meeting at Kettering Rec

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.

 

Sunday, May 3rd, 2015 Uncategorized Comments Off on May 7 Meeting at Kettering Rec

February Meeting Wrap Up – WOW

IMG_20150108_202034

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.

Thursday, February 12th, 2015 Uncategorized Comments Off on February Meeting Wrap Up – WOW

We’re Moving!

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 daytonketteringcoinclub@gmail.com.

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!

Thursday, February 12th, 2015 Uncategorized Comments Off on We’re Moving!

2015 Coin Show Scheduled for March 1!

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!

Monday, January 12th, 2015 Uncategorized Comments Off on 2015 Coin Show Scheduled for March 1!

Clark County Show on Sunday, November 9

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.

Friday, November 7th, 2014 Uncategorized Comments Off on Clark County Show on Sunday, November 9

Coin Show Covered by WKEF

John Eckman from Dixie Coin and Stamps did an excellent job in an interview with Rhonda Moore from WKEF TV promoting our upcoming coin show. Great job getting the word out!

Saturday, March 1st, 2014 Uncategorized Comments Off on Coin Show Covered by WKEF

That’s One Big Penny

IMG_00000709b

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?

IMG_00000714b

Friday, February 21st, 2014 Uncategorized Comments Off on That’s One Big Penny

Annual Club Show March 2!

S Wild token Dayton OH

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!

Thursday, February 20th, 2014 Uncategorized Comments Off on Annual Club Show March 2!

Nelson Mandela 1918-2013

Mandela Congressional Gold Medal c

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.

Thursday, December 5th, 2013 Uncategorized Comments Off on Nelson Mandela 1918-2013