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New Jersey Numismatic Newsletter: Convention 2011 PDF

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New Jersey Numismatic Newsletter The publication of the Garden State Numismatic Association Convention Issue/2011 Volume 36, Number 2 Frances Cackowski, Editor President's Message by Note: This is a NEW address. Dave Bailey GSNA P.O. Box 30058 Staten Island, NY 10303 Finally, welcome to spring and our upcoming May convention. 1 look forward to seeing all of you at the show. I have had the pleasure of visiting several clubs this past Dave month. I spoke at our Northern Valley Club in Demorest , our Trenton club, as well as our Clifton Club. In addition, I attended meetings at the New Jersey Numismatic Society and the Watchung Hills Coin Club. From this vantage point, 1 can honestly say that the hobby is alive and well with a passionate collective fraternity. 1 was very pleased with all of the positive reaction to our Letter from the Editor updated newsletter format. Many of you have called, Fran Cackowski emailed, and personally spoke to me and said that the new format is great. Hi Everyone. Also, several club presidents and members have expressed This is the second issue of the journal in the new format, and interest in our offer to help to obtain electronic equipment 1 thank all of you who have called and written commenting, for their club. It is the GSNA’s goal to supply any member both positive and negative on the new format. I appreciate club with monetary as well as technical support in this all of your helpful suggestions, and will try to accommodate endeavor. all of them. Make sure that you circle May 12-14 and try to attend the Well, Spring is supposed to be here, but as I write this, it is GSNA’s annual show at the Ukranian Cultural Center. 1 am cold and foggy. However, I am really, really looking looking forward to seeing you there. Feel free to talk to me forward to our annual convention in May. The YN program about any ideas that you might have about any way that the has been changed to accommodate both the younger and GSNA can add to your collecting enjoyment. older YN's, so check this journal for the new schedule. Bring your friends, and plan to attend multiple days. 1 hope Speaking of the show, 1 am asking each one of you to help to see all of you there. volunteer to set up or help at the front desk. Please let Tom Hyland know if you are willing to assist us in making the The GSNA Convention Needs Exhibitors!!! show a success. He can be reached at 973-875-7926 or emailed at [email protected]. Share your hobby with others and plan to exhibit at the convention in May! The G.S.N.A. convention is the perfect We will be collecting dues at the show, however, if you want place to start. You might even win a prizelThe GSNA to expedite your admission (remember that all current provides locked cases, so your treasures are secure, and it is members are admitted for free) or if you cannot attend, the ultimate “Show and Tell’’. Contact Dennis Berube for please send your dues ($10.00 made payable to the GSNA) to the following address: more details. Page 1 GSNA Comwamrona May 12 - 14,2011 3 Somerset, N] 36th Show! SHOW HOURS DIRECTIONS Route 287 to Exit 10 Thur. 1 PM - 7 PM Take Route 527 North. Fri. 10 AM-7 PM Turn left on Davidson Ave. Sat. 10 AM-4 PM The Ukrainian Cultural Center is at 135 Davidson Ave. Free Admission New Jersey Token & For Members Medal Show Visit the GSNA web site, Books www.GSNA.org, Exhibits for the latest convention and club information. Free Appraisals We welcome new members Buy, Sell, and Trade and volunteers at the show. Coins , Currency, Tokens, & Medals Auction Friday at 6 PM By New World Rarities C4 and EAC Meetings Saturday DEALER INFORMATION Dealer set up 9 AM - 1 PM Thur. May 12 At 1:00 PM Early admission badge good for all 3 days is $25. Young Numismatist Show Chairman: Tom Hyland Program Phone: 973-875-7926 Saturday at 10 AM Email: [email protected] Page 2 GSNA Family and YN Day, Saturday, May 14, 2011 The GSNA is updating their YN program with a new schedule of activities. Several family oriented events and YN programs are being offered on Saturday for kids. If you are looking for an event that that is family friendly and parents can connect and enjoy with their kids, come see one of our country’s oldest hobbies. If you have collected the State Quarters, pocket change, or received coins passed down, this is the place to learn more about them. YN Table - A table will be available Saturday for families and young collectors to learn about collecting coins, feel free to ask questions, see what clubs and shows arc in New Jersey and available online. Exhibits - Several coin exhibits arc presented to enjoy and learn from. GSNA Treasure Trivia Challenge - (Saturday) Kids can enjoy learning more about coins and win prizes as they seek answers from some of the leading coin dealers. This also helps families feel comfortable at the show. Families can pick up challenge sheets when they register. Kevin Flynn, Numismatic Author - (Saturday) - Kevin is one of the most proliferate numismatic authors of our time. He has written 38 books to date, including several for kids. Come see some his latest coin collecting for kid’s book and learn how you can enjoy coins more with your kids. Learn how coin collecting can help your kids to develop basic skills such as focus, patience, responsibility and becoming more detailed. Coins are also a great teaching and learning tool for many different subjects such as history, math, and science. Kids Events: Young Numismatist Program, Saturday at 10 AM - 12 PM (note: a new ending time) - Kids get to learn about the basics of coin collecting through an interactive power point presentation by Christopher Donato from the American Association of Young Numismatists. They will get to learn what opportunities exist through different clubs and programs available. Tim Grant from the U.S. Mint will be doing a short interactive discussion with open question and answer time. A ticket drawing will be held for the kids with coin give-a-ways. Chris will be demonstrating to the kids the best way to interact with dealers. Young Numismatist Coin Grab, Saturday at 12:30 PM - 1 PM - Kids, ages 6 through 12 get the opportunity to grab U.S. and foreign coins. Boy Scout Coin Collecting Merit Badge Clinic, Saturday 1 PM - 3 PM - Coordinated through Boy Scout troops in Patriot’s Path Council. Costs : Free Admission for Members (see wavw .GSNA.oru for club information) Non-members, $3.00 for Adults, Children are FREE. Boy Scouts, Girl Scouts, Cub Scouts, Brownies in uniform and their parents are FREE on Sat Page 3 ANA Update Why Not Pieces of Eight? by Mark Benvenuto TAKE ADVANTAGE OF THE ANA If you have found that the last few years have been PERKS - - rough ones for you, or more specifically, for adding attractive coins to your collection, perhaps it is time If you don't, your club is losing to look at a series of coins that were legal tender in the United States that were never intended to out. circulate here. We’re talking Spanish colonial 8 reales. 1 - Coin Show kits The first Mint in the United States was an old building in Philadelphia that went into the business of 2 - Speaker Certificates making money for people to do business only in 1792. The first mint in the new world was in Mexico 3 - Club listing on ANA on-line City, and opened in 1535. You can see that there is a huge swath of time there in which our southern directory neighbor, while still a Spanish colony, was churning out some serious silver and gold coinage. 4 - Club show listing in the Numismatist The 8 reales is the largest of the Spanish colonial silver coins, and has gone down in history as one of the coins that has built empires. Sometimes known 5 - Activities for Club meetings as “pieces of eight,” because they could actually be turned into fractional coins by being cut into eight, small, pie-shaped wedges, the 8 reales was seriously considered as the major coin for the United States when our young Congress got serious about creating These are only a few - there are others - go a national monetary system. to: www.money.org Some of the oldest 8 reales coins are rather pricey The ANA Annual "World's Fair of Money" today, and since we started this with the idea of takes place in Chicago this year - Aug 16 - looking for an inexpensive series of coins that are collectible, even when the economy is taking a 20, 2011 (lots and lots of educational beating, we’ll lay down some ground rules for lectures and programs, exhibits, dealers, YN assembling a set. Treasure Trivia programs, etc. First, we’ll start only in the 1790’s, since that’s the In addition, 1 would sincerely appreciate a same time the United States set up its own Mint. Second, we’ll stick to the idea of one example per copy of club newsletters either e-mail, fax or monarch, which makes this something of a type set. mail to: Third, we’ll continue on into Mexican coinage, after their revolution from Spain. Fourth and last, we’ll maior9fecomcast.net or Fax to: (732) stop at 1857, since that’s when our Congress said, 255-691 1 or mail: 65 - 16th St, Toms River, “no more,” and officially ended the use of silver from south of the border for transactions in the U.S. NJ 08753 So, with these guidelines in mind, the first 8 reales Jim Majoros, ANA District Rep piece we might want to look for is one of Charles IV. The 8 reales of this particular Spanish king were issued in Mexico from 1789 up to 1808, and his name is shown on the coins as: Carolus IV, or Carolus IIII. The older ones are perhaps a bit harder to find than Page 4 the later dates within this short series, but none seem his imperial noggin on the obverse of the coinage of to be particularly rare. A collector on the prowl Mexico, starting in 1822. He kepi it there through might be pleasantly surprised to find the prices are as 1823, but it was gone when he beat a hasty retreat low as $40, depending on the grade for which you arc into an exile in Tuscany. looking. The 8 reales of Iturbide are the more expensive coins Speaking of grade, unless you are shooting for an in this type set we are assembling, but even they are absolutely fantastic, high end mint state specimen, not necessarily worth an emperor’s ransom. You you may find that the grading for Spanish colonial might need to spend $100 to get your mitts on a good silver is somewhat less developed than that for U.S. looking example, but it’s the hunt that might prove to coinage. Indeed, if your collecting has focused on be the real challenge. Eight reales coins are generally the differences of say, MS-63 versus MS-64, or not difficult to find - with the exception of these two. perhaps MS-65 versus MS-66 in some series like There just don’t seem to be many of them out there. Morgan dollars, you might find the lack of such a precise scale somewhat confusing. But when it But whether you can find an Iturbide 8 reales or not, comes to the 8 reales pieces, there are fewer the final piece in our pieces of eight type set will be a collectors than there are for series such as Morgan or cap and rays 8 reales. The reigns of Spanish kings Peace dollars, or any other U.S. series for that matter. and locally grown emperors had ended, and the Hence, you may simply find that a dealer has listed Mexican government had decided to start putting a one as “extra fine,” or perhaps, “about uncirculated, symbol of liberty on the obverse of their silver coins, shows minor wear.” Don't be discouraged by this. hence, the Liberty cap surrounded by rays. As well, Rather, look at the coin closely, and get back to the coat of arms of the royal Spanish house was gone buying the coin instead of a listed grade. from the reverse, replaced by the eagle eating a serpent, another potent Mexican symbol. Moving onward, by 1808 it was now Ferdinand VI1 who occupied the obverse of the Mexican 8 reales The cap and ray 8 reales pieces were made coins. For the first four years of his reign the portrait throughout the rest of the nineteenth century, which is rather classical looking one, with the king wearing makes getting a single example remarkably easy. what could be described as armor suitable to the Even those minted prior to 1857 aren’t going to cost Roman Empire. As with the earlier 8 reales pieces, too much. Collectors of limited means can have these w'ere produced in large enough quantities that some real fun within this series. virtually all of them are available for collectors today. If you don’t mind an example that shows some wear, So, you need only five pieces of eight to make a type you might even find you can land one for just a bit set of your own that spans from the 1790’s to 1857. over the price of silver metal. It takes a Charles, two Ferds, one Austin, and a cap and rays to do the trick. The next time you hear a By 1811, dear King Ferd had a new look on the 8 collector friend complain about the price of silver and reales, one that might be considered simpler in the cost to our hobby, direct them - direct them south design. He wears a toga and laurel wreath, but the of the border, that is. armor is absent. These pieces, issued from 1811 up until 1821, do have a couple of rarities within that stretch. But the idea of a rarity here is not based on the mint (as it often is in a U.S. series), but rather on Note from the editor: the moneyer’s initials on the reverse. For our purposes, just look for an example of King Ferdinand VII with toga and laurel wreath. Mark Benvenuto lives in Michigan, but is a staunch GSNA support. By 1822, Mexico was basically a free country, but its monetary system was a mess as a result of the I wish to thank him for such a fine article, revolutionary war that bought that freedom. From the first published in the new journal format. out of that chaos came the very brief Empire of Iturbide, and a very short series of 8 reales coins. I hope that it is the first of many more to Emperor Augustin Iturbide was, much like Napoleon, come. a man who started out with plenty of support, but ended up in exile in just a couple of years. Thus Iturbide had, as one of the perks of being emperor, Page 5 Clubs Around the State MONDAY EVENING CLUBS WEDNESDAY EVENING (continued) Forks of the Delaware Club Hackettstown Coin Club Meeting Time: First Monday of the month (except on holidays Meeting Time: Fourth Wednesday of each month at 7:00 PM and Labor Day. then the second Monday of the month) at 7 PM Meeting Location: Hackettstown Community Center on Route 46 Meeting Location: Grace Lutheran Church on 300 Rosebury Club Website: www.hackettstowncoinclub.ora Street and Route 22 in Phillipsburg, NJ GSNA Club Representative: Craig Steible Atlantic County Numismatic Society Meeting Time: First Wednesday of the month at 7:00 PM Sussex County Coin Club Meeting Location: Linwood Public Library, 301 Davis Ave, Meeting Time: Second Monday of the month (except August and Linwood, NJ (609)926-7991 December) at 7 PM GSNA Club: Jason O’Grady aeeoins;u/umai 1 .com Meeting Location: Sussex County Library, Wantage Branch, 69 Route 639 Wantage, NJ 07461 GSNA Club Representative: Doug DelGurecio THURSDAY EVENING CLUBS New Jersey Numismatic Society Ocean County Coin Club Meeting Time: Third Monday of the month (except August) at Meeting Time: I and 3,d Thursdays of the month at7:40(Jrsat 7:30 PM Meeting Location: Helen Chase Rm. at the Madison Public 6:50) Meeting Location: Ocean Fire House (Arnold Ave Pt. Pleasant Library Beach) Madison, NJ GSNA Club Representative: Harry Garrison GSNA Club Representative: Dennis Berube Club Website: w ww.occuinclttb.oru Trenton Numismatic Club Meeting Time: Fourth Monday of the month West Jersey Numismatic Society Meeting Location: Letter Carriers Union Hall Meeting Time: Third Thursday at 7:00 PM 1800 Rte 33. Suite 104, Trenton. NJ 08690 Meeting Location: St. Paul’s Lutheran Church, Collingsvvood, www.lrentoncoinclub.ora South Jersey GSNA Club Representative: Harry Garrison Comer of Park Blvd and Dill President: Fred R. Giebel Contact: Dennis Helmerat D.P.HI- l.Mf K a ( OMC VS I .NK I TUESDAY EVENING CLUBS Clifton Coin Club Meeting Time: First Thursday of each month at 7:30 PM. Watchung Hills Coin Club Meeting Location: Clifton Recreation Department, 1232 Main Street, Clifion. NJ Meeting Time: First Tuesday of each month (except August) at7:30 PM The Currency Club of Chester County Meeting Location: Rolfs Restaurant, 65 Stirling Rd, Warren, NJ www.watchunghillscoinclub.com Meeting Time: Third Thursday of each month at 7 PM GSNA Club Representative: Tom Rothacker Meeting Location: Borough Hall, comer of Adams and Gay Streets, West Chester, PA Northern Valley Coin Club Meeting Time: Fourth Tuesday of each month at 7:30 PM FRIDAY EVENING CLUBS Meeting Location: Demarest Methodist Church. 109 Hardcnburgh Road. Demarest, NJ Summit/Chatham Coin Club Tony Mastice, President Meeting Time: Second Friday of each month Meeting Location: Chatham Borough Fire House, 54 Fairmont WEDNESDAY EVENING CLUBS Ave, Chatham Borough President: Chris Butchko Roxbury Coin Club Meeting Time: First Wednesday of each month at 7:00 PM Meeting Location: Roxbury Township Library, 103 Main Street, ANNUAL MEETING ONLY Succasunna, NJ Club Website: www.leditewood.net/rcc New Jersey Exonumia Society Westchester County Coin club Meets annually at the GSNA convention in May Meeting Time: Third Wednesday of each month at 8:00 PM GSNA Club Representative: Gary Patterson Meeting Location: Community Meeting Room of St. Pius X Ramsey Road in Scarsdale, NY Page 6 Please Support Our Dealers newjerseycoms.com Premium Sponsor Tom Hyland - Collector DART STAMP & COIN SHOP TOM STEPANSKI Coins 130 Dotson Ave. (845) 343-2716 “Ptaytogs Plaza" www.newiersevcoins.con'! Middletown, NY 10940 Fax (845) 343-6274 PO Box 296 Sussex, NJ 07461 Phone 973-875-7926 email [email protected] Interested in making your hobby even more fun? Why not join the Flushing Coin Club? Share ! ? Lawrence D. Schuffman, MSFS your knowledge and learn from other Financial Historian numismatists. It meets the second Friday of ! Specializing in each month. For more information, please call U.S.A War Bonds & 718-379-5490, daily from 8:00 AM to 2:00 PM. Financial Documents 1789-1945 jryI [email protected] Or Write: it A Box 19 Mount Freedom, N J 07970 973-978-9757 Flushing Coin Club P.O. Box 754008 Parkside Station Forest Hills, NY 11375 Page 7 I GSNA LEADERSHIP President: David Bailey First Vice President: Jim Majoros, [email protected] Second Vice President: Ray Williams, [email protected] Treasurer: Denise Napolitano Recording Secretary: Fran Cackowski Corresponding Secretary: Tom Rothacker, [email protected] Convention Chairman: Tom Hyland, [email protected] Membership Chairman: Fran Cackowski Editor: Fran Cackowski: asifran@'yahoo.com WebMaster: Eric Knapp 2£9Z'ZQ080 TN ‘UM0tsaJ00|/\j Abm 6u|pu!M 8ZZ J0t|0jpB|9 PjABQ PN 'JaAjy suuoi LL on JILwad aiVd £0£0lAN uateis 'pue|S| a6ejsOc) s fl 8S008 xog Od SSB|0 JSJ(J VNS9

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