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Montgomery County Coin Club

October 2000 Bulletin - Early Web Edition

Meeting Report - Feature Article - Feedback - MCCC Home Page - Bulletin Index

MCCC: A Collector's Club for the New Millennium

Next Meeting: Tuesday, October 10, 2000

The Montgomery County Coin Club will meet at 7 p.m. on the second Tuesday of the month, October 10, 2000, at the Silver Spring Senior Citizens Center (1000 Forest Glen Road, Silver Spring, Maryland, USA). Be sure to bring your donations for the November Charity Auction please! The featured event for the October meeting was not determined as of press time for this Bulletin.

NumisAphorism

Concerning money, Edgar Allan Poe (1809-1849) wrote:
"The Romans worshipped their standard, and the Roman standard happened to be an eagle. Our standard is only one-tenth of an eagle --- a dollar --- and we make all even by loving it with tenfold devotion."
(Background for non-numismatists: an "eagle" is a $10 gold piece.)

This Poe quotation was discovered (by Paulette Dickerson) in J. Willis Westlake's Common-School Literature, English and American; with Several Hundred Extracts to be Memorized (1876), on page 82.


2001 (Little) Red Books on Sale

The new hardback edition of A Guide Book of United States Coins, commonly known as "The Red Book", is now available for purchase by MCCC members at the bargain price of only $8. All sale proceeds go to benefit MCCC activities. See Ed Russell to get your copy.

September Meeting Report

When the videotape planned for showing at the September 2000 MCCC meeting did not materialize, resourceful Club Officers adroitly rearranged the agenda, expanded the Auction, Announcements, Exhibits, and Refreshments, and made a successful schedule out of adversity. The meeting featured a 50-lot "Mega-Auction" during which many items attracted spirited bidding. See the Featured Article below for details.

President Willy Massey called the MCCC to order at 7:16 p.m. on the somewhat sultry evening of September 12, 2000. About 34 MCCC members were present, including a record 8 Young Numismatists (YNs). Six of the YNs were members of Cub Scout Den 1012 of Silver Spring: Bryan Graham, Aaron Machen, Cory Machen, Gabe Machen, Chris Shoemaker, and David Suplee. Den Leaders Quinn & Melody Warnick were also present. The Scouts were welcomed with a round of applause. They learned of the MCCC via our web pages. (Please invite friends and relatives, especially young people, to come to the next MCCC meeting.)

News & Announcements

Drawings & Prizes

The door prize drawings this month were run by Herb Hall and Joe Mallon. Prizes awarded just for showing up included: Lucky door prize winners in September were Jeff Crockett, Luis Cuevas, Bert Marks, and Ezra Berch.

The September Gold Raffle coin was a 1904 Hungarian 10 Korona coin (0.098 oz of gold) in AU condition. The gold raffle was won by Mark Zimmermann.

The Bison Chip drawing this month was for two names, to make up for the lack of a drawing in August. Winners were Ezra Berch and Wayne Mitchell. (When your name is called three times, you get a prize --- but you must be present when your name is called!)

September Showcase

Member MCCC displays this month included many interesting and topical pieces:

Featured Attraction: Mega-Auction!

This month there was no feature per se, since the videotape planned for showing did not make it to the meeting on time. Nevertheless, a fun and productive evening ensued, with an expanded auction and other Club activities. In particular, the exceptionally large and active auction of coins, paper money, and numismatic books attracted strong bidding for many items. President Willy Massey was the able auctioneer.

Aftermath

After a refreshment break and the club auction, the MCCC September meeting was adjourned at 9:09 p.m.

NumisFAQ (Part 1)

Some numismatic issues arise again and again in correspondence and conversations with new collectors. Here is the first installment of a draft "Frequently Asked Questions" (FAQ) with some candidate answers.
Why collect coins?
There are as many reasons as there are collectors. Coins are fun. Coins are historical artifacts, connected at a fundamental level to the lives of people in the past. Coins are miniature works of art. Coins are (rarely!) good investments. Coins are fun.
What's the value of my coin?
"That depends" is the only honest answer. What type of coin is it? What is the date and mintmark and variety? What condition is it in? Is it genuine or counterfeit, a restrike or a copy, a regular issue or a proof or a fantasy piece or an error? Has it been authenticated and graded? Does it have a pedigree? These are some of the questions which have to be answered to estimate the value of a coin.
How can I get an estimate of my coin's value?
There are many ways. You can check out books about coins from your local library (see the 737.4 area of the Dewey Decimal System) or purchase numismatic reference materials from various sources. You can take your coin to a dealer, or a coin show, or a coin club meeting. You can send your coin in to a commercial grading service and have it encapsulated, authenticated, and graded professionally. You can also find numerous online sources of numismatic information --- though to apply them to your particular coin will demand significant expertise on your part.
( ... to be continued ... )
MCCC Web Comments and Feedback
Please send bug reports and suggestions for improvement to Mark Zimmermann via z (at) his.com. The MCCC Bulletin is copyright © 2000 by the Directors of the Montgomery County Coin Club --- who thank the American Numismatic Association (and especially Ms. Susie Nulty) for help in sharing the MCCC Bulletin with numismatists everywhere.