Your Newsletter Is an Electronic Publication for Members of the a Trip to Summer American Numismatic Association, and Focuses by John Siteman Department at the ANA

FALL 2012 FALL NEWSLETTER QUARTERLY A year. Take advantage and get involved! the ANA’s YN program. Below are some of the things available next Numismatic Association. 2013 is shaping up to be a great year for Happy Holidays! • • • • • Summer Seminar Scholarships The Ancient Coin Project ANA. Become one of them! quality world coins by sending their stellar report cards to the Coins for A’s the event will pay tribute to this iconic U.S. coin. "Buffalo Nickel Centennial: Black Diamond Shines Again," and auctions by doing what you enjoy. 2013 National Coin Week, April 21-27 The YN Dollar Program coins. Project January 31. Thanks for being a Young Numismatist member of the American — Complete fun and challenging activities and earn great — In the past year, 360 students have earned high- Y OUR — Earn $$ for online and convention and the — The Applic Early AmericanCopper Written for Young Numismatists, by Young Numismatists — The theme this year is N at inDaln is ion Deadline EWSLETTER Coin YN Auction Coin Roll Hunting 1873: Canada Enters aWorld A Trip to SummerSeminar Cool Coins The Death of of Polymer IN THISISSUE . . 7 . 6 . 4 . 7 . 2

PHOTO COURTESY OF GLENN ANTRIM Your Newsletter is an electronic publication for members of the A Trip to Summer American Numismatic Association, and focuses By John Siteman Department at the ANA. on Young Numismatists EDITOR’S NOTE: Thanks (YNs). ANA Members RCNA F22122 After finishing up some to John for this article ANA YN-3158152 paperwork and meeting can subscribe to this promoting the best Last year I attended up with Daniel “Tiny” FREE publication by education in numis- the American Numismatic Cross and another YN, we emailing membership@ matics. I encourage Association’s Summer headed to the Colorado money.org and asking to all YNs to apply for a Seminar in Colorado College Inn, the YN Dorm be placed on the list. 2013 scholarship. Springs for the first time. for the event. After un- Please include your Don’t delay: THE This year I went back packing and meeting my APPLICATION name and ANA number. once again on a Young Nu- roommate who happened DEADLINE FOR YN mismatist scholarship. to have been there last SUMMER SEMINAR There were a lot of differ- year, we headed of f for an Let us know if you have SCHOLARSHIPS IS an interesting article or ent things that made this off-campus dinner at a JANUARY 31. year’s Summer Seminar restaurant called HuHot website you would like To download an appli- amazing. From the new Mongolian Grill, where we published in Your cation, visit www. classes to the YN Auction, met the old and new Newsletter! Just email money.org/numis the experience was truly friends that we would be Yo urNewsletter@money. matic-events/summer awesome. living with for the next org. For every article you seminar. The journey to Col- week and had the ground write that is published orado Springs rules laid out for our be- in this newsletter, you began on Fri- havior. can earn 50 YN Auction day June 29th. The next two days were Dollars or qualify for Flying from really cool. On the Satur- steps in the Ancient Halifax, I got day morning, I headed to there in the the Colorado Springs Coin Coin Project or the late after- Show, hosted by the Col- Copper Coin Project. For noon. There at orado Springs Coin Club. more information about the gate was a The show was almost over- YN Dollars, click here! person repre- whelming, considering senting the that the size of the re- Education gional show would almost DISCOVER AND EXPLORE THE WORLD OF MONEY The American Numismatic Association is a congres- Session 2 Auction sionally chartered, Coordinator Cole nonprofit, educational Schenewerk at the organization dedicated to closing banquet. encouraging people to study and collect money and related items. The ANA helps its 28,000 members and the public discover and explore the world of money through its vast array of education and outreach programs as well as its museum, library, publications, conventions and seminars.

YNs Hanna Ostrom and Karylin Veres with Tiny Cross at the www.money.org YN Auction. Seminar in Colorado

be the size of a national show if not bigger in Canada. It took about two hours for me to just skim through and even think about anything to buy. At the end of my trip to the show, I bought a lot of things on my “bucket list.” Once we got back, we went to get registered before heading to the ANA Money Museum. During the next few days, I got to take part in one of the many classes at Summer Seminar. This year, I took the “Creating a Winning Numismatic Exhibit” course taught by award-winning exhibitor and former art teacher Larry Sekulich. We got to YNs in the ANA's Dwight N. Manley Library. hear wisdom on every- thing it takes from a for- tough to describe because until one of the instruc- learn more about the mer Howland Wood Best of how much fun it is. tors got up, pledged $100 hobby that we love, Sum- in Show Award recipient. Throughout the week, YNs and asked at least 17 peo- mer Seminar is for you. Unlike past courses, this take donations for the ple to raise their bidder There was YN representa- course focused on how to lots, make a catalogue of paddles and go in with tion from at least six U.S. put it together artistically all the lots and run every- him so that we could get States and two Canadian and not as much around thing on auction night. the record. We ended with Provinces. Each person how exhibits are judged There are not many rules, the record for most money who comes to the seminar (though this was covered). but there is one: As auc- raised by any YN auction will make friends with Becaus e we had a smaller tioneer Sonny Henry al- group – $32,857.50. many people. You are able group compared to other ways says, “Bid High, Bid It is always an interest- to learn something from classes, it gave us a Often.” The highlight was ing experience to meet everyone because every- chance to work more inde- a Rom an Empire gold the young collectors from one likes to collect differ- pendently and get more coin, which went for around the continent. ent fields of numismatics. help from our instructor. $11,250. At the end of the Whether you are a top Whether it’s the people Everyone in the class was auction, it looked like we level exhibitor, are on the you meet, the things you a veteran exhibitor, which were not going to get our board of your local coin learn or just being in Col- meant that we were able goal of at least $30,001 club or if you just want to orado, the experience of to learn from each other attending Summer Semi- as well. In the end, we nar is very rewarding. I could all say that we were would encourage any more confident exhibitors. young person that has an On Wednesday night, interest in numismatics my favorite part of the and wants to become week took place: The more knowledgeable to Young Numismatist (YN) apply for a scholarship. Scholarshi p Auction, Next year’s sessions are which raises money to June 22nd to the 28th for send young collectors to Session 1 and June 29th to Colorado Springs year July 5th for Session 2. after year. This event is Summer Seminar on the beautiful Colorado College campus. Canada Enters a World

By Ermin Chow Most of the population 1988 in Canada may have al- Australian ready noticed the shift $10 poly- from paper to polymer cur- mer note rency. Canada is in the commemo- process of joining the grow- rating the ing ranks of countries 200th an- which will fully convert to niversary using polymer-based bank - of Aus- notes. Many questions tralian arise about their use, in- settlement. cluding “how secure are they?” and “are they really a better alternative to paper?” Using polymer cur- dustrial Research Organi- servative Finance Minister verse. Its 50-dollar counter- rency has numerous advan- zation and The University Jim Flaherty announced part features World War II- tages, and disadvantages, of Melbourne. Australia led the introduction of poly- era Prime Minister, W.L. which are the main topics the world into the age of mer currency in Canada, Mackenzie King, and of discussion for most gov- polymer currency. citing cost-saving meas- Canada’s northern regions ernments and central As a result, over thirty ures. He revealed that in on its reverse. Though the banks that are considering countries worldwide have November 2011, Canada designs of the other notes the switch. issued polymer currency at would commence the have not been revealed yet, one point, although cur- switchover with the release these coming issues are A BRIEF HISTORY OF rently only 24 have been of the 100-dollar denomina- sure to display patriotism. POLYMER CURRENCY using it for circulation. Of tion. On March 26th of this Implementation of Although polymer notes those 24 countries, only year, the 50-dollar note was many new security features were developed before the seven have fully converted released, and the 20-dollar is another major objective Australian 10-dollar note, to polymer, including Aus- issue is scheduled for circu- in the release of polymer issued in January 1988, this tralia, Bermuda, Brunei, lation in November. Com- notes. For example, on the was the initial issue of New Zealand, Guinea, Ro- pleting the series are the 5- 100-dollar note in the polymer notes for general mania and Vietnam. The and 10-dollar issues, sched- Canadian polymer series, circulation. Not surpris- other countries, including uled to be released some- an added security feature ingly, Australia was also the Canada, are either in the time next year. By the end includes raised ink, which first country to fully con- process of switching over, of 2013, Canada will have appears on the large de- vert to polymer banknotes, or experimenting with the fully converted to using nomination number, the in 1996. Differentiating use of polymer for their banknotes of the future. shoulders of the large por- from previous attempts by currencies. There are some The new Canadian trait, and on the words other central banks to countries which issued releases feature many “Bank of Canada” and create polymer currency, polymer banknotes merely nationalistic symbols. For “Banque du Canada.” An- the polymer Australian for commemorative pur- example, the 20-dollar other is a large clear win- notes, from the outset, poses. Although there is an bank note features the dow revealing a metallic were durable and the ink exhaustive list of factors to Canadian National Vimy image of a building and of bonded well with the consider in switching to Memorial in France, which a portrait of Robert Bor- polymer. These banknotes polymer, many countries honors Canada’s soldiers of den. Small numbers in the were fabricated out of poly- and central banks have the Battle of Vimy Ridge in denomination have been mer biaxially-oriented been reported as waiting to World War I. The Canadian added in and around the polypropylene (BOPP), make their move until oth- victory there gained the window; some of these which increases their dura- ers have successfully country much prominence numbers are printed in re- bility. The research and en- switched over. on the world stage. The verse. There is a maple leaf gineering of this compound new 100-dollar issue fea- border around the window, was through a collabora- POLYMER NOTES tures the East Block of with maple leaves printed tion of the Reserve Bank of IN CANADA Canada’s Parliament Hill in and around it. In addi- Australia (RBA), Common- In the Canadian govern- and has the theme of med- tion, the smaller frosted wealth Scientific and In- ment’s 2010 budget, Con- ical innovation on its re- maple leaf window (with of Polymer

its transparent outline) in soiling, and have more old polymer currency since friendly, durable, cost- the middle of the note has durability against tearing. they likely do not have the effective, and they discour- hidden numbers within. facilities to do so. The age counterfeiting. Despite Highlighted are some of DRAWBACKS switch is expensive, and minor inconveniences the major security features OF POLYMER may not be as environmen- when using them, they are of the new Canadian notes, Despite all the benefi- tally friendly in some much thinner and there- though there are other cial evidence pointing places. fore easier to carry around. smaller features as well. towards changing over to Even poorer countries with polymer, there are several THE FINAL DECISION: limited budgets should WHY POLYMER? areas in which polymer IS IT WORTH IT? switch to polymer currency As mentioned above, loses out to the traditional Though many may dis- as soon as possible, since Canada has effectively uti- paper currency. Polymer agree, using polymer as cir- the savings will benefit lized the many properties currency is much harder to culation currency may be their people and their of polymer in creating its fold, causing some incon- one of the most intelligent economy in the long run. own unique security fea- venience. Although being decisions a central bank or Polymer currency is ar- tures, which greatly dis- extremely thin, it is diffi- government could make. guably one of the greatest courages counterfeiting. cult to count due to its slip- These notes are much monetary innovations in The advantage of a signifi- pery surfaces. These notes more environmentally the past century. cantly higher durability is most evident in warmer climates. Polymer notes do not absorb moisture whereas cotton based notes do. In Canada’s temperate climate, these notes should last about three times longer, which is about seven to eight years. There is an obvious benefit from these notes, especially in moister climates, saving much government expense. In addition to the eco- nomic national interests fulfilled by polymer currency, there are also envi- 2012 Canadian $50 polymer note featuring Prime Minister William Lyon Mackenzie King. ronmental benefits that result, with the most obvi- tend to become sticky ous being less material when wet, being another REFERENCES thrown out each year. disadvantage. Wikipedia: Adoption of polymer banknotes Traditional banknotes are In underdeveloped made from cotton, which countries, the initial cost of Bank of Canada Banknotes can indirectly harm the en- the switch to polymer may vironment during crop be too high to be practical. Bank of Australia, Polymer Notes growing through using pes- The cost of the switchover Global Paper Security ticides and excessive use of in Canada is estimated to water. Also, polymer mate- be around $75–100 million, The Pros of Plastic rial can easily be recycled as compared with $20–30 BBC News Magazine into pellets for creating million in the previous household products after changeover from the Birds Digital Journal its life cycle. These notes of Canada series to the are also much cleaner due Canadian Journey series. Retail Technology Trends to their plastic makeup For many countries it may Sterling Currency Australian Banknote Image since they are resistant to not be feasible to recycle 1873 The Death of Cool Coins By Erik Elbieh in all sil ver denomina- silver trimes had the tions, but resulted in a three-cent nickel to take You might have your dramatic plummet of sil- its place, even though this own favorite series of ver prices. It is from the denomination did not last coins, but there is no devaluation of silver that much longer. The two-cent denying that among the the “Crime of ’73” nick- piece completed mintage many coins issued by the name was given by farm- in 1873, and has not re- 1843 Liberty seated United States, two-cent ers and silver miners turned since. Looking at half dime coins, three-cent “trimes,” adversely affected, as the the current crisis of the and half dimes are all silver-to-gold price ratio penny, one might wonder pretty nifty denomina- was altered from 15/1 to whether reviving a two- tions. If you’ve done some 40/1! This meant that the cent piece instead would scouring of a Red Book, owner of gold could buy be an idea to consider. you might have noticed over 2½ times the amount So while the Coinage that the last year of of silver than they could Act of 1873 may not be as 1853 silver 3 cent piece mintage for all three se- originally. well remembered as other ries is 1873. This is also It is rather unfortunate major coinage changes, the year that the “arrows that this a ct did away with such as those in 1933 or at date” were added for three different denomina- 1965, a large impact was the Seated Liberty tions in one swoop, but at left on America’s coins. coinage and the year that least a few similar denom- Results can still be seen the Trade dollar was first inations continued to be today, in places such as minted. At the heart of all minted. While the small the Treasury Depart- the aforementioned half dime discontinued ment’s control over the 1870 2 cent piece changes is the Coinage production, the new U.S. Mint and the larger Act of 1873. nickel replaced it with the five-cent nickel, which The Coinage Act of same denominational still weighs the original 5 SOURCES 1873 was an extensive bill value. It did take some grams. Remember, next Numismaster.com half that brought numerous years for the half dime to time you get a nickel in dime article changes to the U.S. leave circulation, espe- change instead of a half coinage system. The pri- cially in the west, but in dime, or a two- and three- Sherman’s Crime of 1873 mary change was the de- the end the new nickel cent piece, you can re- monetization of silver in was easier to see and han- member that you have the Micheloud’s Crime of favor of a gold standard. dle, more robust, and was 1873 Coinage Act to 1873 This allowed for the slight as a whole more conven- thank. increase of silver content ient for commerce. The Attention “A” Students: Take Advantage of COINS for A’S ANA Young Numismatists across the country have been submitting their stellar report cards in exchange for high-quality coins. Send a copy of your report card with 3 or more A’s to: Rod Gillis, Numismatic Educator American Numismatic Association 818 N. Cascade Ave., Colorado Springs, CO 80903 or via email to [email protected] Coin Roll Hunting

Coin Roll Hunting is usually $500. All you need For example, I hoard pre- like the Olympics of nu- to do to get these is to ask 1962 nickels, as this is the mismatics. Every time you a teller at the local bank. date range where you are open a roll, it is like a The cents are usually most likely to find vari- treasure hunt. You don’t available, but most of the eties, and rare dates such know whether you will others will need to be or- as the 1950-D, when only find gold, or you will find dered from the Federal 2,650,030 were made. a steel washer. It is the Reserve. The good thing is There is also the possibil- most exciting, most re- that they can usually get ity of finding a silver warding, and the most them in within a week or nickel. These 35% silver After you have risk-free game out there. two. Sometimes, banks nickels were made during searched through the coin It is just like playing the will tack on charges for or- the war from 1942 to 1945. rolls, you need to either lottery, except it is open dering boxes of coins, so They were made of silver roll them back up, or to all ages, and doesn’t stick to a bank that because of the need for dump them in coin count- cost anything to play. I am doesn’t do this. nickel in the war effort. ing machines. Some banks going to give you the ins Once you have the coin You can also get a few have machines that their and outs of this exciting rolls, you will need to fig- rolls of nickels, but most customers can use if they adventure. ure out what you are look- banks don’t have loose have an account. This is Coin Roll Hunting is ing for. It entirely depends rolls, and prefer you to great, as these require no unique because it costs no on the denomination. For buy boxes. For boxes of fee, and they are easy to money. All you need to do cents, you are looking for nickels you will need $100. use. If you don’t have a is exchange your money wheat cents made from Dimes, quarters, and bank around that has one for other forms of money. 1909 to 1958. There is also half dollars are mostly of these, then you will Therefore, you can never a fairly new craze going on searched for their silver have to roll them up. lose. where you hoard all pre- (coins made before 1965 Now, I hope that you The first thing you will 1982 cents, as they are are 90% silver). In 1965 feel you have enough in- need is a little money to worth 2.3 cents bullion they changed the dime formation to go CRHing exchange for rolled coins. each. You can also look for and the quarter to a clad yourself. Have fun, and The prices for boxes of varieties and errors, com- composition, while the good luck! coins are as follows: monly listed in the Red half dollar was reduced Happy collecting! Cents, $25; Nickels, $100; Book (Guide Book of United from 90% to 40% silver. –Taylor Webb Dimes, $250; Quarters, States Coins). For nickels, From 1965 to 1970 the YN-3161132 $500; Halves, price varies, it mostly depends on you. half dollar is 40% silver. YN Auction Lot #1: Polish 1,000 Marek Lot #2: Banknote 1944 Liberty Walking Half Catalog #29 Dollar, F-12 No Minimum Bid Minimum Bid: 40 YN dollars

YNs may bid on one or both items, but only with YN Auction Dollars. Bids must be in by January 7, 2013 and can be submitted via email to [email protected]. In case of a tie, the ﬁrst person to submit a winning bid is the winner. (To learn more about earning YN Dollars, visit the YN section of the ANA website or click here.

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