R a ll e ii g h C o ii n C ll u b Established in 1954 November 2008 IN THIS ISSUE New Variety Found on 2007 ARTICLES George Washington Dollar New Variety Found on By Roger Beckner 2007 George Washington Dollar The July 16, 2007 “Collector’s Clearinghouse” column in Coin World reported the discovery of a “long ray reverse” variety of the 2007-P George Washington dollar coin; the coin was discovered by Final Coin in 50 State Jim Morris of Clayton, NC. Shortly thereafter, I was fortunate to Quarters Program to find two examples of the variety among dollar coins I “purchased” at Launch the SunTrust Bank in Cameron Village in Raleigh. Looking Back…The Recently, I mailed my two pieces to CONECA (the Combined Release of the Delaware Organizations of Numismatic Error Collectors of America) for Statehood Quarter attribution and, ultimately, submission to ICG (Independent Coin Grading Company) for grading and encapsulation. This combination attribute-and-submit service is available to members and non-members of CONECA, and involves an examination by a REGULAR FEATURES CONECA expert who provides an opinion as to a coin's error or variety classification. The coin is then forwarded to ICG where it is President’s Message graded and “slabbed” with the appropriate variety or error designation. “CONECA” is printed on slab insert to identify their Meeting Minutes involvement in the coin’s attribution. Show Calendar The new variety concerns the rays that emanate for Lady Liberty’s crown on the reverse of the coin. On a standard dollar coin, the third ray, counting clockwise from Liberty’s chin, extends only partially to her outstretched arm. On the variety coins, however, the METALS INDEX ray extends all the way to the arm. The elongated ray is symmetrically correct in taper and relief, and appears fully integrated Spot Prices as of into the design which adds to its overall eye appeal. (See Figure 1.) 7 November 2008 Varieties visible to the "naked eye" (AKA "Mr. Obvious") have Platinum: $844 (-$118) always enjoyed greater popularity among collectors, and, in turn, Gold: $733.90 (-$100.90) have experienced more consistent increases in value over time. Silver: $9.97 (-$1.19) New GW Dollar Variety continued on Page 4 Page 1 Raleigh Coin Club Newsletter November 2008 October Meeting Minutes Raleigh Coin Club PO Box 25817 Halbert C. called the September meeting to Raleigh NC 27611-5817 order at 7:35pm; twenty-four members and guests http//www.raleighcoinclub.org (two) were in attendance. Established 1954 Business Halbert announced that he had made Club Officers reservations for the RCC annual December holiday President party at the Golden Corral on Glenwood Avenue. Halbert Carmichael Discussion followed about the potential for a new venue; Benji H was appointed to explore options Vice President and report back to the membership. Paul Livingston Secretary Halbert called upon Jim Jones to provide a Roger Beckner Nominations Committee update. Jim reported that he and David Boitnott had approached several Treasurer members to gauge interest, but were still developing Steve Pladna the full slate of candidates. Jim stated that it would take another two weeks or so to finalize the list, but Sergeant-at-Arms that once it was complete he would send it to Dave Benji Harrell P for publication in the RCC Newsletter. Directors (Term Ending) The winner of the RCC 2008 Coin and Currency Show gold coin raffle drawing was present David Boitnott (2008) to receive his prize. Bob Palmer received the 1881 Paul Skinner (2009) Half Eagle and noted that a relative of his was the Kent Woodson (2010) winner of our gold coin drawing at the 2006 club show. Neil Ward was his name; Neil received a Newsletter Editor 1904 Half Eagle. Dave Provost Tom Hanks volunteered to bring the PO Box 754 refreshments for the November meeting. Morrisville, NC 27560 [email protected] Show-and-Tell Club Affiliations Drew S (YN): A 2003 5 Franc coin from Congo; the coin was part of the African nation’s Wildlife American Numismatic Association Preservation series. Member #C079478 Blue Ridge Numismatic Association Noah C (YN): A pair of large English pennies. Member #C3383 Roger B: A 2007-P George Washington dollar coin Eastern States Numismatic Association variety featuring an unusually long ray in Liberty’s Member #0026 (Life) crown; the coin was attributed by CONECA and North Carolina Numismatic Association certified by ICG. (See lead story in this issue for Member #C14 (Life) more details about the coin.) Contents © Copyright Raleigh Coin Club 2008 The RCC grants permission to reprint for non-profit educational purposes only any articles not individually copyrighted by the author provided the RCC Newsletter is cited as the source. Meeting Minutes continued on page 3 Page 2 Raleigh Coin Club Newsletter November 2008 President’s Message November Meeting Notice It is with sorrow and nostalgia that we note DATE the passing of Charles Hoskins. Hoskins was the first director of ANACS, the first 15 November 2008 authentication service started in this country. After leaving ANACS, he organized INS as a TIME competing service. As the head of INS he 7:30pm visited Raleigh on several occasions. On one, he conducted an all-day seminar on detecting WHERE counterfeit coins. After a morning of showing us the coins he brought and showing us how, Pullen Community Center with the aid of a microscope, to see the differences between authentic and counterfeit PROGRAM coins, he threw the floor open for club members Bob Izydore – “The Durham Eagle to examine their own coins and make Collection of Liberty Seated Quarters” comparisons. There was one problem: every one of the two-and-a-half dollar gold pieces that club members brought was bad. The major business of the November Meeting Minutes (cont.) meeting will be the election of officers for 2009. I want to congratulate Jim Jones for his hard work in assembling a slate of officers for RCC Dave P: A 1915 Peru Un Sol piece graded MS-65 for 2009. The slate should be listed elsewhere by PCGS (the coin was described by Dave in the in this newsletter. However, there will be October issue of the RCC Newsletter). Also, a provision for nominations from the floor at the photocopy of a modern Peru banknote featuring the meeting. same designs as the Un Sol coin. “Ask not what your coin club can do for Program you. Ask what you can do for your coin club.” The evening’s program was presented by Halbert, it was titled “The Chancery Hoard.” The -- H2C talk discussed the coins that circulated at the time the hoard was deposited in the Chancery and included a census of the silver and gold coins in the hoard; the coins in the hoard dated from the reign of Henry VIII to William III. Halbert also discussed the work of the British Museum in cataloging the large hoard. ARTICLES WANTED The meeting closed with the raffle and member Send your newsletter articles, prize drawings. Halbert adjourned the meeting at short or long, to the Editor at: approximately 9:20pm. [email protected] Page 3 Raleigh Coin Club Newsletter November 2008 New GW Dollar 2009 RCC Officer Variety (cont.) Nominations The following slate of candidates has been assembled by the 2008 Nomination Committee of Jim Jones and David Boitnott. Additional candidates for all open positions can be nominated at the November club meeting. President: David Boitnott Vice President: Jim Jones Secretary: Richard Brown Treasurer: Steve Pladna Sargeant-at-Arms: Benji Harrell Director 1: Paul Livingston Director 2: Roger Beckner “Long ray” variety of The election of officers for 2009 will take 2007-P George Washington Dollar place at the November meeting. If no additional nominations are received, current Other well-known varieties that fit into this Secretary Roger Beckner will place a single vote “naked eye” category include the: for the uncontested slate and officially elect the candidates. 1937-D “Three Leg” Buffalo nickel 1995 Doubled-die Lincoln cent 2004 “High Leaf” and “Low Leaf“ ANA Seeking Numismatic Wisconsin quarters Theatre Proposals for Portland Show I’m happy to report that the two coins I submitted both came back certified as mint state American Numismatic Association examples – one an MS-63 and one an MS-64. members are encouraged to share their creativity and research with fellow hobbyists I’m also pleased that my coins were the by delivering a Numismatic Theatre subject of a “Collector’s Clearinghouse” follow- presentation at the 2009 National Money up piece in the November 17, 2008 issue of Coin Show™, March 13-15 in Portland. World (page 106). Collectors interested in giving a Numismatic Theatre presentation can download a proposal form at www.money.org Page 4 Raleigh Coin Club Newsletter November 2008 Final Coin in 50 State Quarters Program to Launch The Hawaii quarter will say "Aloha" to the After the ceremony, featuring a keiki Nation when it is ceremonially launched at (children's) hula performance and Hawaiian Bishop Square in downtown Honolulu at noon music, the public may exchange bills for $10 on November 10, 2008. The Hawaii rolls of Hawaii quarters at the event. Banks commemorative quarter-dollar will be the final across Hawaii will also have the new quarters coin produced in the United States Mint's 50 available that afternoon. The Hawaii quarter State Quarters® Program, the most successful went into circulation on November 3, 2008, but coin program in U.S. history. An estimated 147 because the process of circulation often takes a million people collect the quarters in this couple weeks, most Americans will not see the popular series.