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
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Raleigh Coin Club Newsletter November 2008
Raleigh Coin Club October Meeting Minutes 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
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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]
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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
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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. Hawaii quarter in their change until mid- November. United States Mint Director Ed Moy will join Governor Linda Lingle in handing out In 2009, the United States Mint will embark shiny new Hawaii quarters to children under 18 on the District of Columbia and United States who attend the launch. This lunchtime event is Territories Quarters Program by minting and free to the public and the media are invited. issuing six newly designed quarters.
The reverse (tails) design of the Hawaii quarter, by United States Mint Sculptor- Engraver Don Everhart, features Hawaiian Looking Back… monarch King Kamehameha I with his right hand extended toward the eight major January 4, 1999 Hawaiian Islands. Inscriptions include the State motto, "UA MAU KE EA O KA ‘?INA I U.S. Mint Ships New 50 State KA PONO" ("The life of the land is perpetuated Quarters to Federal Reserve Banks in righteousness"), "Hawaii" and "1959." Delaware Reverse Design Is First in 10- Year Program
Washington, D.C. -- The U.S. Mint today announced that it has shipped the first of the new 50 State Quarters to the Federal Reserve for distribution to commercial banks and financial institutions.
The first 50 State Quarter features a reverse (tails) design honoring the state of Delaware. The coin is expected to start appearing in circulation in late spring or early summer, and while the goal is to make the coin as widely Hawaii Statehood Quarter Reverse available as possible, it will not be readily available in every part of the country.
Looking Back continued on Page 6 Page 5
Raleigh Coin Club Newsletter November 2008
Looking Back (cont.)
"The United States Mint will be striking and Signed by the President in late 1997, the shipping a new state quarter to the Federal legislation authorized the Mint to honor the 50 Reserve every ten weeks for the next ten years," states in the order they entered the Union or said Mint Director Philip N. Diehl. "We begin ratified the Constitution by producing five with Delaware and continue throughout the quarters each year from 1999 through 2008. The year with quarters bearing reverse designs design process for each quarter is determined honoring Pennsylvania, New Jersey, Georgia within each state by the Governor before design and Connecticut -- the first changes in the concepts are sent to the Mint, and then returned designs of the U.S. circulating coins since the to the states for final selection. Approval of the Bicentennial in 1976." final design rests with the Treasury Secretary.
By enabling Americans to collect these The 50 State Quarters will be manufactured circulating commemorative quarters, we'll be at both the Philadelphia and Denver Mints, able to share the joys of coin collecting and which produce all legal tender U.S. circulating expand the traditional educational role of coins coins, before being shipped to the Federal nationwide. And in the near future, we'll Reserve for distribution through the banking announce the annual collector coin sets that will system. The Mint projects production for each include the 50 State Quarters," Diehl added. 50 States Quarter will range from 500 million to 750 million for each state reverse design. The Delaware coin's reverse depicts Caesar Rodney on horseback making his historic ride to cast the tie-breaking vote in favor of Show Calendar independence. The famed portrait of President George Washington will continue to grace the Nov 15 Mooresville, NC obverse ("heads"); however, inscriptions have Lake Norman Coin and Currency Show been moved to accommodate the State designs National Guard Armory on the reverse. The Eagle reverse is scheduled N. Broad Street, Hwy 115 S to resume in 2009. Hours: Sat 19:00am to 4:00pm Tables: ~40. Free
Nov 22 Reidsville, NC Reidsville Coin Club Holiday Coin Classic Show New Exhibit Center 223 South Scales Street Hours: Sat: 10:00am to 6:00pm Tables: ~40. Free
Nov 29-30 Rocky Mount, NC The Original Coin and Currency Show Moose Lodge 521 Country Club Road Hours: Sat: 10:00am to 6:00pm Delaware Statehood Quarter Reverse Sun: 10:00am to 4:00pm Tables: ? Free Page 6