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SUMMER 2013 YOUR NEWSLETTER YOUR NEWSLETTER is an Written for Young Numismatists, by Young Numismatists electronic publication for members of the American Numismatic Association, and focuses on Young Numismatists (YNs). ANA Members can subscribe to this FREE publication by e-mailing [email protected] and asking to be placed on the list. Please Katie and her include your name and father James ANA number. receive their awards June 27 Let us know if you have from ANA an interesting article or President Tom website you would like Hallenbeck. published in YOUR NEWSLETTER ! Just e-mail [email protected]. Congratulations to Katie Reinders, For every article you write that is published 2013 Young Numismatist of the Year! in this newsletter, you can earn 50 YN Auction Katie Reinders received the YN of the Year Award during the ANA’s Summer Semi - Dollars or qualify for nar Graduation Banquet on June 27. Katie is an Oregon native who is an active member steps in the ANciENt of the Pacific Northwest Numismatic Association, the Willamette Coin Club and Women coiN PRoJEct or the In Numismatics (WIN). An accomplished exhibitor, she won the YN Best of Show Award coPPER coiN PRoJEct . For at the 2011 World's Fair of Money in Chicago with her exhibit, “Oregon Centennial more information about Tokens and Medals.” She has won several awards in YN- and open-exhibit categories at YN Dollars, click here! various regional and national coin shows. “I’m really happy that I got it, and I’m really thankful, but so many other people helped me earn it. I didn't do it on my own,” Katie said. “Especially my dad, who got me excited about exhibiting and the hobby.” In the coming year, Katie will be a contributor to YOUR NEWSLETTER in its exciting new format. It was a family affair at the banquet as Katie’s father, James Reinders, was honored with the 2013 Lawrence J. Gentile Sr. Memorial Award for Outstanding Adult Advisor. 3 James is an ANA life member who has been active in YN educational efforts through 0 g 9 Boy Scout and Girl Scout coin-collecting workshops, mentoring young exhibitors and r 0 presenting general-interest seminars. James also is a member of the ANA YN Commit - 8 o tee and is the chairman of the ANA Technology Advisory Committee. ) O 6 . y 4 C e , e v 6 s 2 A g OUR EWSLETTER ( n This will be the last edition of Y N IN THIS ISSUE e n i in its current PDF form. Starting in October, o d N r I all YN stories will be hosted on the ANA’s blog, Summer Seminar Group Pics! . 2 a p c O THE EXCHANGE . This will allow for more frequent S The History of the Dong, by Matt Tormey . 3 s m a C . publication of YN-written stories. The YN-Dollar o Coinage of the Newfoundland Dollar, by Ermin Chow . 4 - C d Auction hosted in YOUR NEWSLETTER will now 2 . The ANA’s Early American Copper Coin Project, by Matthew Shaw . 6 w a 3 be hosted at Money.org/YNAuction . New items r 6 N Young Numismatist in Action, by Walter J.G. Waholek . 8 - o will be up for bid on the first Monday w l 9 8 Young Numismatist Auction, Deadline Sept. 1 . 8 o of each month, starting in October. 1 1 w 7 8 C YN S @ S UMMER SEMINAR ! In 2013, the American Numismatic Association awarded 43 full and partial scholarships to deserving and enthusiastic Young Numismatists for the 45th annual Summer Seminar in Colorado Springs. During the event, YNs worked hard to produce auctions that raised more than $60,000 for more scholarships in the coming years. Thanks to all the YNs who came to Summer Seminar this year. The deadline to apply for a 2014 Summer Seminar scholarships is January 31. See you next year! 2 • Summer 2013 • Your Newsletter The History of the Dong By Matt Tormey he dong is the current unit of currency issued by T the State Bank of Vietnam and circulated by the Socialist Republic of Vietnam. The term dong comes from a cross of tradi - tional and simplified Chinese. Before the institution of the dong, Vietnam was a colony of France, and as such used French currency. In 1858 when the French conquered Vietnam along with Cambodia and Laos, they North Vietnam first issued their nam suffered defeat at the hands named their colony French In - 1 and 2 dong coins on November of the communist North Viet - dochina. Seventeen years later in 3, 1946. The notes issued came namese. While the North still con - 1875 construction started on the in two arrangements, the first tinued their own currency they Bank of Indochina and ten years banknotes in denominations of replaced the South’s with “Liber - later production began of the 1, 5, 20, 50 and 100, and later in - ation Dong.” Bank of Vietnam French Indochinese “piastre.” By cluded the 10 dong in 1948, 500 issued banknotes that were in 1892 three different piastre de - in 1949 and 200 in 1950. The sec - denominations 1, 2, 5, 10 and 50 nominations were offered: one, ond form was as a credit note for Dong. These notes were printed five and twenty. The French In - 1 dong, which later included the in the years 1975-1978 but were dochinese piastre was the first 10 and 20 in 1948, the 5 and 50 in marked 1966. Vietnam currency not minted by 1949 and the 100, 500 and 1000 The date is now May 3, 1978 a domestic, feudal government. dong in 1950. and the Dong is being issued by Later when Vietnam became During this time South Viet - the State Bank of Vietnam, head - two different countries, Viet-Minh nam was minting the 1 dong coin quartered in Hanoi, and used (later North Vietnam) and the in 1960. 10 dong started produc - throughout the Vietnam. This State of Vietnam (later South tion in 1964, followed by 5 dong Dong is still the current mone - Vietnam), both producing their in 1966, after that in 1968 the 20 tary system used in that country. own currencies. From 1946-1978 dong was minted. In 1975 the 50 In 1978 the new Dong dated the two countries produced two dong was minted (in Berlin) but 1976, was starting to be minted different dongs. Communist the fall of the govern - in Berlin. It was made of alu - ment did not allow minum and distributed in the for transport to the amount of one dong. Unfortu - country due to the nately, because of post-war Northern threat. inflation, coins circulating in On September the country were almost non- 22, 1975 South Viet - existent. In more recent history, the State Bank again issued coins in 2001. This time made by the Mint of Finland in the sum of 200, 500, 1000, 2000 and 5000 dong. The Dong has been one of Vietnam’s favorite currencies serving them since the French through a civil war and still to this day. Your Newsletter • Summer 2013 • 3 Coinage of the Newfoundland Dollar By Ermin Chow Works was forced to print notes mmediately prior to joining due to the failures of the banks the Canadian Confedera - in 1894. These banknotes came I tion, Newfoundland was a in many denominations, includ - British dominion, having the ing 25¢, 40¢, 50¢, 80¢, $1, $2, same status as Canada, Aus - and $5. tralia, and New Zealand. In 1949, the former colony joined Copper Coinage Canada as part of its eastern - Initially, the one cent coins in most province, Newfoundland Newfoundland were signifi - and Labrador (pictured). Before cantly larger than modern pen - 1865, the Newfoundland pound and 1870, respectively). The one nies; however, they are virtually was its unit of currency, and cent denomination was minted the same size as Canadian large British coinage and privately in copper, while the remaining cents. These large cents were minted tokens were used. Its denominations are sterling sil - made until 1936, when the gov - decimal coinage was issued be - ver (92.5% silver, 7.5% copper), ernment reduced the size of the ginning in 1865 and has been reduced to .800 fine silver in denomination to save on produc - out of circulation since joining 1945. The reduction in silver tion costs. Interestingly, the Canadian Confederation in content occurred a quarter cen - large cent was unpopular with 1949. tury after the Canadian dollar’s the Newfoundlanders because lead in 1920. their provincial flower appeared The Newfoundland Dollar Most of the early coinage of in an unnatural configuration. Similarly to most currencies Newfoundland was minted at Despite the numerous minute worldwide in 1865, the New - the Royal Mint in London, while varieties among these copper foundland dollar was based on coins bearing the “H” mintmark coins, the odd coinage die the gold standard. The dollar (pictured, on 1882 2 dollar gold arrangement of coins dated 1872 was valued slightly higher than piece) were minted at the are to be noted. It is the only its Canadian counterpart in its Heaton Mint. Later issues were one cent piece that does not use early years. Its exchange rate for mostly minted at the Royal the medal die arrangement, the widely used pound sterling Canadian Mint, denoted by a “c” possibly because the Heaton was 4 shillings 2 pence or 50 mintmark. The mintmark is lo - Mint was not told about the die pence, although after the New - cated on the bottom of the re - arrangement. The commonly foundland banking crash in 1894 verses; see illustrations for exact used medal die arrangement is dubbed “Black Monday,” it was location.