OFFICIAL PUBLICATION
WOMEN
IN
NUMISMATICS
winning ways
VOLUME 3 NO. 1
JANUARY, 1994
VOLUME 3 NO. 1
JANUARY. 1994
Win
WOMEN IN NUMISMATICS
Organization Mailing Address:
Cynthia L. Mohon, Secretary WIN 14252 Culver, #490 Irvine, CA 92714
BOARD OI DIRECTORS
President Mary Sauvain
Vice-President Sondra Beymer
Secretary Cynthia Mohon
Treasurer Barbara Sisneros
Publicity Gabriele Andrade
Parliamentarian/Sergeant At Arms
Sue Corbin
Editor Gloria Peters
Advertising Teresa Darling
Assistant Elba Tavenner
Membership Gayle Pike
Newsletter
WINNING WAVS is a quarterly publication of Women In Numismatics. The acceptance of an ad (business or classified) does not consti- tute approval or endorsement by WIN. WIN claims no liability for content of business or classified ads, and all ads are accepted on a space limited basis.
Letters-to-the-Editor Policy Letters-to-the-Editor are welcome from both members and non-members and must include your name, address and phone number. Letters will be published in WINNING WAYS as space and publication deadlines permit, and are subject to Editorial discretion.
Whenever a letter is addressing a specific problem that the Board can assist in resolv- ing, it will be forwarded to the appropriate personnel.
Feature Articles
Articles, photos and features pertaining to the numismatic industry are welcome and are subject to Editorial discretion and editing. Publication deadline dates are:
November 15 January issue
February 15 April issue
June 1 July issue
August 20 October issue
The
PRESIDENT'S PAGE
Mary Sauvain
The holidays tire now history and 1994 is in full swing. Looks like 1994 is going to be an eventful year for all of us involved in numismatics. Let’s hope the market indicators are correct, showing the nation’s economy on a definite upswing. That would be good news for all.
I know our members participate in many aspects of numismatics and I would like to see Winning Ways spread die word on the works of all our members. In order to do that our editor needs to hear from YOU with an update on your participation and recognition in this field. Many of you are active on various levels, ie clubs, local schools, scouts, re- gional, etc. and it would be great to read about your efforts in Winning Ways. Pick up the phone and give Gloria a call or drop her a note and tell her what’s happening!
As a WIN member, I have some suggested reading for you. The January 1994 issue of the magazine, COINS, highlights the topic of women in numismatics by devoting every feature article to the woman's view of numismatics. Out of the nine featured articles sev- eral were written by women and six articles were by members of WIN. Great job, WIN members! And thanks to Krause Publications for their pursuit in devoting an entire issue to this viewpoint. I believe this is a first for a publisher.
The Nominating Committee met at Long Beach and has put togedier a slate of candidates for our upcoming elections. To date, those positions and names .are: President - Sondra Beymer, Vice President Anthony Swiatek, Secretary - Gayle Pike, Treasurer - Bar- bara Sisneros, Publicity- Mary Sauvain, At Large Member- To Be Announced. Nominat- ing Committee consists of: Gayle Pike, (Chairperson); Diane Piret, Stacy Carroll, Cindy Gre liman and Pat Davis.
If you are interested in running for one of these positions or wish to nominate another member, you are encouraged to do so at WIN's general meeting at the February, 1994 Long Beach meeting. If you will not physically be in attendance at that meeting, you may put this nomination in writing and mail to our secretary, Cindy Mohon, 14252 Culver, #490, Irvine, CA 92714 for inclusion at the February general meeting. Your nonimation must be postmarked no later than January 25, 1994 in order to be valid. A second to that nomination will then be requested from die floor. All positions up forelection, along widi all names for each position will be placed on die ballot and mailed to each member prior to March 1 for her/his vote.
Mailing Address Please address your newsletter correspondence to:
Gloria E. Peters, Editor 14252 Culver, #490 Irvine, CA 92714 Phone: (714) 559-5797 Fax: (714) 559-0777
My dianks go to all WIN officers and Board members who did such a great job in 1993 in serving WIN. I want you to know dial your work was really appreciated.
Also, my thanks go to all WIN members for putting your best foot forward in repre- senting WIN in such a professional light. It is because of each and everyone of you that WIN’s membership and participation in numismatics continue to grow.
I wish you the best in 1994.
Pago 1 WINNING WAYS... WOMEN IN NUMISMATICS
VOLUME 3 NO. I
Patterns...
Window To Onr Past.
Our series concludes with an examination of patterns by William B;irber, Charles Barber and George T. Morgan.
By Randy McIntosh
A summer program that works!
Thirtyeight Juniors joined the program this year.
By Patricia Davis
JANUARY, 1994
Travel Tips...
Recent Changes May Mean Greater Risks.
By Laura Bly
Holly,
Dolly,
iMiolly, a until
Sal
By Dean Tavenner
Plan To Attend
WIN'S meeting at the Long Beach Show in Feb- ruary will feature DAVID HALL speaking on "PCC2S." Bring those questions with you. This is your chance to get some straight answers and pos- sibly future goals from the grading service's cre- ator.
DEPARTMENTS
Board Of Directors Page 1
The President's Message Page 1
Table of Contents Page 2
Viewpoint-The Editor Page 3
From The Secretary's Desk Page X
FEATURES
Patterns.. A Window To Our Past-Randy McIntosh Page 4
Koins For Kids-I’atricia Davis
Holly, Dolly, Molly and Sally-Dean Tavenner.
Nunn’s Mania-Editor.
WIN Welcomes New Members
Excerpts From Speech-Wayne Pratali, A-Mark Precious Metals
Travel Tips-Laura Bly, The Orange County Register
T he Bibliophile-Ken Bressett Page 16
NLG Award Won By Mary Sauvain, WIN President-Sondra Beymer. Page 20
Cover and art by Cindy Mohon
Page 5 Page 11
Page 9 PageX Page 12 Page 14
WT^lAceting At 5TOI
Thursday, January 6th 7:15 p.m.
^I^oom SC
q>vid 9^sot...cWays to use cX)ideos to ^Promote your business
WINNING WAYS... WOMEN IN NUMISMATICS Page 2
)HIMR 3 NO
JANUARY. 1994
Gloria Peters
Viewpoint
By Gloria Peters
Elections will be coming up for WIN officers and Board members at the Central States Show in April Gayle Pike has worked diligently as chair of die Nominating Committee to present a slate of candidates for the Long Beach meeting. Of course, it is hoped nominations will be forthcoming from the floor at this meeting. All members are eligible and encouraged to take an active role as an officer or Board member. Everyone is busy.. .that is a given, but there is a great deal of satisfaction in promoting Women In Numismatics in an active capacity. As an example, in my job as Editor I'm heading into die last year of the three year commitment I made when WIN was formed and I'm debating whedier to run in this capacity. The job is extremely time consuming, but I finally concluded diat with an Advertising Board Member who not only solicits ads. ..but takes on die job of billing and collecting the monies when new ads come in and/or renewals are due... it might be tempting. Or maybe in some odier capacity. A fresh point of view is always welcome and a viable organization can widier without it. In short, diere isn't one position diat can't become more active. ..contribute more. ..become more outreaching, refreshing, and ultimately be more personally satisfying in any organization. WIN is no different than any other organization in diis respect. So, let’s get with it... volunteer for a spot. Your active contribution would be most welcomed. The work of making WIN into a recognized national and international organization has just begun. Cindy Mohon, WIN’s interim secretary, will be sending out ballots to all members after Long Beach and I would like to include a brief statement from each candidate presenting qualifications and your goals for WIN. If you are a candidate for a position I will need your statement by February 17th., .no later.. .for it to be included with the ballot.
Traveling around die country attending coin shows can be a bit boring. Friends will say WOW! Where are you going now? Trouble is, Convendon Centers all resemble each other from the inside. If you are on a tight budget it really isn’t a vacation.. . because you can't freely spend, eat at die best restaurants, etc. or view all die sights in die cities you visit. Even hotels are similiar once you flop into your room after being on the bourse floor all day... especially in diis market.
But I've found a bright spot in this "if it's Thursday it must be Brussels" world. And I would like to share diis little hotel delight with our readers. The city, St. Louis. The place, die Doubletree Mayfair Suites located right across from the Convention Center. I like older hotels diat have been renovated. The walls are diicker...die fixtures are nicer , the rooms are larger . .the furniture isn't early Goodwill, and frankly die employees are not the standard issue of die larger impersonal chains. Course, I forgot to mention die rates. They tire no higher... and often dicy are lower than die chains. At $59 (show rate) you can’t beat this one. As you enter the lobby you have to notice quality.. .unless you're still asleep after die Bight. The employees are courteous and helpful (quite helpful but not overbearing when I said I prefer to tote my own bags). After all, that's why I bought a rack..(right? The room. ..all! What a difference. You enter a sitting room, complete widi a very comfortable couch, a nice desk, wing chairs with a lights for reading, end tables (made in North Carolina and nice quality), a large quality TV cabinet with drawers and a small relrig and a coffee table. All the furniture is well appointed and comfortable. All die lamps have diree way light bulbs that go way up... don't have to carry your own 1 (X) watt/150 watt bulbs when you visit here. ..not even in die bedroom. There are french doors into the bedroom, two double beds with comfortable mattresses and pillows (not the rock-like quality found in some places). There is another TV.. .all remote control, of course. The badi is tiled in marble, but die best feature is the little TV/radio affixed to the wash bowl counter. The make -up mirror attached to the wall is great for us gals, or you guys with a tricky beard. My partner wanted to bring the dog, find the library and settle in for a long stay! I didn't mention the elevator, did I? This comes complete with an elevator operator. But let's go to the dining. ..breakfast. ..and lunch area, flic stained-art glass windows are from the early 1930's. The dinners are a delight and cajan spices are frequently encountered on some entrees. There is this one special waiter, Vincent, (he's actually a pre-med student) who treats everyone as a special person. The hot bread he brought out of die kitchen as a surprise was die best. There was no need to eat elsewhere, each meal was an experience not to be equaled at most places.
The notables and VIP's who have stayed at this hotel are numerous. John Barrymore stiffed them widi a $434 bounced check in 1938. ..I don't think he was in our business, was lie? Gary Grant in the 1950's placed a trail of chocolates from the living room to die bedroom pillow widi a note to his lady friend who was expected later in the evening, flic Mayfair started the practice of placing a piece of chocolate on guest's pillows and other top hotels picked up diis custom. The Mayfair now has 184 guest suites and four 18th Boor penthouse suites with ad die amenities. Anyone else got a unique, safe, and reasonably priced hotel to share with us?
Page 3 WINNING WAYS... WOMEN IN NUMISMATICS
VOLUME 3 NO. 1
JANUARY, 199^
Patterns
Part 4
By Randy McIntosh
William Barber
Sixth Chief Engraver of the U.S. Mint. January, 1869- August, 1879
was named Assistant Engraver, William II. Key and George Morgan would also serve as Assistant Engravers.
William Barber died on August 3 1st, 1879, reportedly fro the effects of “bathing at the seashore ” His career at the Mi was marked by disappointment, as only two of his designs reaclu regular production. These were the Trade Dollar and Lire Twen Cent piece as well as many patterns. He was succeeded by li son, Charles E. Barber.
SPECIMEN DISPLAYED: J-1196, R-8 1872 AMAZONIAN 25C, COPPER WILLIAM BARBER PCGS PR/66BN, Finest Known. Estimated Retail Value: $25,000-$30,000
SPECIMEN DISPLAYED: J-1197, R-8 1872 AMAZONIAN 25C, ALUMINUM WILLIAM BARBER PCGS PR/66 Finest Known Estimated Retail Value: $25,000-$30,000
DESIGNER RIVALRY
In 1879, William Barber and fellow Mint Engraver Charles T.
Morgan squared off like two boxers in a world heavyweight match to see which one's designs would be die “right” design. This is a common trait among artistic men; to out- do the compe- tition or fail in the attempt.
HISTORICAL NOTE: WILLIAM AND CHARLES BARBER
Born in London November 16, 1846, Charles was die son of William and Anna Barber and came from a long line of distin- guished engravers. William Barber was a die maker for the pres- tigious firm of De La Rue and Company before immigrating to die United States to improve his financial position. The Barber family settled in Boston and a few years later William accepted a job widi die Gorham Silverware Company of Providence, Rhode Island. Some time around 1863, he met James B. Longacre, Chief Engraver at the U.S. Mint. In 1865 Barber joined die Mint’s staff as Assistant Engraver. After Longacre died on New Year’s Day 1869, William was appointed Chief Engraver and his son Charles
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VOLUME 3 NO. 1
Quoins Jor Q^icfs
By Patricia Davis Centennial Coins
iat an exciting summer! I have an observation on the numismatic community and their lamentation about the “Junior Problem.” My observation is that there is no "Junior Problem!” There is a prob- lem, but it does not relate to such statements I have heard such as, “The kids don’t care about coins anymore, they are all collecting ball cards and comics. Another statement I constantly hear is that “Coins are too expensive for kids ” Then why is it that youngsters have come into my shop and plunked down $100 for a newly released ball card, such as the 1993 Shaquille O'Neal rookie card. What is going on is that these kids are not ball card collectors, they are investors and speculators. Most of the cards in my shop are on consignment and I consider most of the new cards as next to worthless as an investment and only a fun thing to collect as a hobby. The only reason most of the kids are buying expensive newly issued cards is to make money. They missed out on Michael Jordon’s rookie cards and diey do not want to miss out on the next gravy train. What they fail to realize is that when Jordon's rookie cards came out, there were fewer people collect- ing and fewer card companies producing cards. What is now happening is that today’s hot cards tend to decrease in value the following year, as the new hot cards hike the spotlight and the available dollars are chasing the newer rookie cards. I show my young ball collectors/speculators the pages of coins on my want list and then show them my want list for collectors asking for cards... a blank sheet of paper. These are the kids that would make great coin collectors and I try to spark an interest in coins. The first tiling I tried was to print up a list of rare Lincoln cents, such as double die memorial cents, that could possibly be found in their change. The posted list had a surprising effect, as the young- sters started bringing in possible double-die candidates. They were all checking their change and for the first time really look- ing at coins. The next fun thing 1 did was, when I noticed that in the quest for the hot rookie cards, the kids were purchasing packs next door (I don’t sell packs or boxes or cards) and after they searched the cards, they would chuck all the unwanted cards in the parking lot.
Around Christmas every year, I collect ball cards for the kids in the local hospitals, so I decided I would have Christmas come a bit earlier and posted a sign stating that every 10 cards brought in for the kids would entitle the donor to choose from a large jar of whcatic cents - their choice of date and grade. I wasn’t prepared for the action. Kids were lining up with ball cards in boxes wailing for their turn to pick the Lincoln cents. I even had adults coming in with cards and collecting a few Lincolns. Soon, many of the kids had almost a complete #2 Lincoln set so I cleaned out my cupboards of used coin albums and handed out folders so they could store the cents properly. The more they looked at Lincolns the more they wanted to know about grading. I installed a grading guide and a price trends next to the penny jar so they could search for the best deals in the wheaties. As soon as the kids started their basic Lincoln set, instead of heading for the
JANUARY, 1994
ball card side of the shop, they started to go first to the coin side and look at the buy board and ask questions about coins and what was the best to collect.
The timing was great, because during the summer I have a “Koins for Kids” program. This year there were 38 juniors in the program. The program was divided into two sessions. The first session focused on the first use of coinage and a brief history of coinage through the ages. Also covered was barter and different types of money that people have used. The juniors had a barter session and found out why coinage and money were useful as a medium of exchange. The second session comprised the world of modem coinage- types of coins, what makes a coin rare, double-die/machine doubling and how to start a collection. Each junior made up their own grading set for Lincoln cents and were instructed in die proper way to clean copper with Blue Ribbon. At die end of each session, die juniors received a bag of early Lincolns, courtesy of Jack Renke, a longtime Lincoln collector. In fact, diey received so many early Lincolns, diat 1 gave every junior die #1 Whiunan folder. After every session diere was a draw- ing for prizes, Silver Eagles, coins and medals, widi enough so dial every junior received a prize. They also received a notebook with backup information on the material covered in die session.
In conjunction, but separate from die program, was a coin design contest. The sweepstakes winner received a 1/10 ounce Gold Eagle. Every entry was a winner and won a prize for a category. The judges were members of die Soudi Bay Coin Club. My job was to come up widi as many different categories as diere were entries, such as “The Most Patriotic.” A certificate and award was presented to each entrant. Every junior who partici- pated in the “Koins for Kids” program also received a certificate.
Since die program, the juniors have intensified dieir inter- est in coins. So much so, that I haven't been able to take care of my normal shop work. The juniors are asking questions, check- ing out possible double-die, and punching pennies in their books from die 30 jar and having alot of fun. So the next time you hear about die junior problem, remember the problem is not a junior problem but an adult problem. How the next generation of col- lectors will be developed is by both collectors and dealers alike becoming more involved in programs which interest and excite the juniors. As for me, I am raising my own collectors.
Editor Note: Pat, it's obvious from the pictures you sent there isn’t any short- age of "Junior" collectors in your shop. You have a great youth program going. Congratulations! Your innovation continues to amaze me! How about our other shop owners? Got anything going for kids?
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Page 5
WINNING WAYS... WOMEN IN NUMISMATICS
VOLUME 3 NO. 1
lots OF FREEBIES
AUGUST 17- -
JANUARY, 1994
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VOLUME 3 NO. 1
Patterns.. .Continued From Page 4
SPECIMEN DISPLAYED: J-1254, R-7 1872 LIBERTY $20, ALUMINUM WILLIAM BARBER
PCGS PR/64 Finest Known and only certified specimen. Estimated Retail Value: $9000-11,000
An immaculate $20 Liberty rarity struck in aluminum. This pattern was struck by the regular issue proof dies and thus looks exactly like a Type 2 $20 Liberty - EXCEPT IT'S NOT, IT WAS STRUCK IN ALUMINUM! Immaculate is the one word which captures the essence of this stunning cameo contrast example. Blazing mint bloom and a heavily frosted portrait of Liberty gives vibrant contrast to the sleek, icy mirrored fields on this sharply struck gem. This incredible proof has no toning and exhibits no traces of aluminum oxidation, (see Historical Note: Aluminum) This specimen was struck on Hie identical set of dies as the regular proof production pieces which produced 30 coins. This pattern is a Rarity 7, with only 4 to 12 pieces produced, and in effect, is rarer but less recognized. Blue sheet has a $42,000 bid for Type 2 $20 Liberty’s in Proof 64!! If these remarkable at- tributes were all Uiis coin offered, it would sell very quickly. However, there is more. 1872 is a very rare date for this series. Also, there were very few numismatists in America prior to Hie turn of die century & Proof Double Eagles were quite expensive; Uius, few collectors were able to save diese rarities during this time period.
SPECIMEN DISPLAYED: J-1324, R-7 1873 LIBERTY TRADE $1, COPPER WILLIAM BARBER PCGS PR/65 BN None Finer Estimated Retail Value: $9,000
Chinese port merchants, during the mid-to-late 1800’s, re- fused to accept any foreign silver coins except Mexican pesos. American importers trading with Chinese dealers had to pay a premium of up to 15% for Mexican pesos to pay for goods or- dered. Often, pesos were unavailable. Only the few merchants
JANUARY, 1994
who had diem could buy anything. About 1870, the importers’ friends in the California legislature petitioned Congress to make a special overweight silver dollar for the China trade that was 1.8% heavier than die standard silver dollar.
This was die impetus for die creation of the Trade Dollar. The Act of Feb. 12di, 1873 audiorized the denomination and im- mediately several pattern designs were proposed. Among the new proposals was diis design of die Judd-1324. This coin is similar to die design that was finally adopted, but several slight differ- ences are apparent. The leaves and die olive branch diat Miss Liberty is holding upright are arranged differently and die stem appears to be broken! The reverse has a small eagle widi its raised wings holding an olive branch in the left talon (claw) and diree arrows in its right talon. This FINEST KNOWN specimen widi die “Brown” designation is amazing, widi teak and even tan ton- ing diat floats above pristine and immaculate surfaces.
SPECIMEN DISPLAYED: J-1465, R-7 1876 CORONET LIBERTY $1 COPPER WILLIAM BARBER PCGS PR/64 BN, Finest Known Estimated Retail Value: $20,000
The 1876 pattern dollars are die “rarest of die rare” in die entire pattern series. Rarely do examples of ANY 1876 pattern dollars come into die market. The Judd book quickly confirms this ultra rarity status and can trace only diree specimens of Judd- 1465 widi any certainty.
The obverse portrays a young woman (almost an exact du- plicate of Queen Elizabeth’s portrait!) wearing a coronet with a border of pearls inscribed “LIBERTY”and her wavy hair tied behind with a ribbon. The reverse is a simple open wreath with the words “ONE DOLLAR” and “UNITED STATES OF AMERICA” above and “E PLURIBIJS UNUM” below.
SPECIMEN DISPLAYED: J-1502, R-7 1877 SAILOR HEAD 50C, COPPER WILLIAM BARBER PCGS PR/65RB Finest Known Estimated Retail Value: $22,500
Continued On Page 9
Page 7 WINNING WAYS... WOMEN IN NUMISMATICS
VOLUME 3 NO. 1
JANUARY, 1994
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Cynthia Mohon
WIN Meeting
St. Louis, National Silver Dollar Conven- tion, November 1993.
Mary Sauvain, called the meeting to or- der at 6:30 P.M. The persons attending were called upon to introduce themselves. The min- utes from Long Beach were read and approved. The Treasurer was not in attendance so a treasurer’s report was not provided. At the re- quest of the President, Mary Sauvain, some recent correspondence to WIN was read or sum- marized. The letters included a “Thank You” note from the family of Ginger Bryan for WIN’s expression of sympathy to them; a letter from ANA asking our members to support the YN’s by contributing material for the auction & mail bid auction (suitable material includes U.S. and foreign coins, ancient coins, tokens, medals, proof sets, mint sets, paper money and numis- matic books-all to be sent to ANA Educational Serices Dept., YN Auction by March 1 , 1994.); a letter describing the “World’s Largest Trea- sure Hunt” also sponsored by ANA in which members of various supporting organizations— or individual members— agree to put unusual coins into circulation for the 1994 National Coin Week (April 17-23); and a Thank You letter from The Museum of International Olympic Committee for the donation from WIN of the 1988 commemorative gold coin (featur- ing Nike) designed by Elizabeth Jones. It was indicated to the group that copies of these let- ters are available upon request. The originals will be forwarded to WIN’s unofficial Histo- rian, Sue Corbin, for inclusion in the WIN ar- chives. Old business and new business con- cluded, the business part of the meeting was adjourned so that Sondra Beymer, WIN’s Vice President, could introduce the guest speaker, Wayne Pratali from A-Mark Precious Metals. Wayne drew a name for the evening’s door prize before starting his presentation. Judith Kagin won the door prize which was a gemstone do- nated by Gayle Pike. Wayne then proceeded with his lecture which was about coins and in- vestment cycles. Wayne’s speech was very in- teresting and the group became quite involved in the question and answer session before the meeting was dismissed.
Cindy Mohon
Interim Secretary Editor Note: See Page 12 for more comprehensive notes on Wayne's speech.
WIN
Women In Numismatics
WIN is a nationally incorporated non- profit organization. Membership in- cludes both men and women who are interested in promoting women in nu- mismatics through involvement, educa- tion, and networking.
Dues are: $35.00 Regular $20.00 Junior
For more information contact Gayle Pike, Membership.
81 N. Century Memphis, TN 38111
WIN Welcomes New Members
Art Kagin-Active in Numismatics since 1933; ANA Life Member #103; ANA Governor 1983-87; 50 Year Gold Award in 1988; A founding member of PNG; Past Presi- dent, 1964-65. Art is an active dealer at shows. Stop by and say hello. Welcome!
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WINNING WAYS... WOMEN IN NUMISMATICS Page 8
JANUARY, 1994
VOLUME 3 NO. 1
Patterns. ..Continued From Page 7
This obverse portrays a young woman wearing a coronet bordered by pearls and inscribed with “LIBERTY.” Her wavy hair is politely tied from behind with a ribbon Bowing down to her neckline. The reverse presents a large eagle with raised and fully spread wings holding a large shield. Its left talon grasps eight arrows and the right holds an olive branch. It was noted, however, that on every previous U.S. coin, with the eagle de- picted had an odd number of arrows. Superstition or not, this design was never adopted and mothballed into obscurity. This is die finest of only two copper specimens ever having been certi- fied by either major grading service. The other specimen was graded Proof-64 Brown and is now “off the market.”
SPECIMEN DISPLAYED: J-1554, R-5 1878 BARBER $1, SILVER WILLIAM BARBER PCGS PR/66, Finest Known Estimated Retail Value: $25,000
This design by William Barber, was one of several patterns produced in 1878 while the Mint was looking for a substitute to George T. Morgan’s dollar design. Many critics had complained of Morgan’s efforts as hastily prepared and aesthetically disliked by Mint officials as well as the public.
This specimen offered is encompassed by deep violet grey and amber toning and is spiced with splashes of blue, strawberry and aqua on the obverse. The reverse exhibits a splendid velvet and magenta hue at the center changing to steel blue at the periphery.
Besides being the finest and only certified Proof 66 of this coveted rarity, it is additionally blessed by pedigree and traces it past ownership admirably. This specimen was lot #1051 in the famous Garrett Auction in March 1980 and realized $20,000 back then. The Garrett family purchased it on March 20th of 1883 from the numismatically famed Chapman brothers.
Ntimis Mania
1. On which medal/token does the word "VLUGTENDE" (fleeing) appear below the image of a sailing ship?
2. In what year did Hawaii issue it’s own coins as an independent kingdom?
3. If a 1922 No I) Lincoln cent displays a weakly struck WE and the first T of TRUST is sharper and smaller than the rest of the motto, is the coin authentic, altered, or counterfeit?
4. Who accepted the first silver 3" George Washington medal of the United States Capitol Historical Society in 1982?
5. Demand Notes of 1861 , large size, were issued in what denominations?
That's it. ..good luck.
Editor: I wrote these trivia questions so many years ago they seem new all over acain. Ah! For a photographic memory! l or answers see Pane 8,
SPECIMEN DISPLAYED: J-1473 1876 SEATED LIB AT SEASHORE COMMERCIAL $1, COPPER WILLIAM BARBER PCGS PR/64RB No Others Graded Estimated Retail Value: $15,000
If it needs stating again, 1876 pattern dollars are the “rarest of the rare” in the entire pattern series. Only once a decade or so do examples of ANY 1876 pattern dollars appear on die market, and then quickly exit! The Judd book acknowledges this for Judd- 1473, and states that only four are known, and the “where- abouts” of two others are unknown.
The exquisite obverse design features Miss Liberty seated at the seashore atop a globe of the world inscribed with die word “LIBERTY.” Off in die distance of the sea is a steamship widi auxiliary sails.
The reverse sports the “Commercial Dollar” design proposed in 1872 which eventually turned into die Trade Dollar design. This Commercial Dollar design of 1872 was most likely used at diis latter date (1876) to “create” a rarity for collectors.... and diat it did. As far as researchers know, diere was no serious con- templation diat die Trade Dollar would be “renamed” the com- mercial Dollar in 1875! It is almost beyond doubt diat any of die other 2 or 3 specimens struck could surpass die quality of this specimen.
Opal and lime toning encircles the periphery of diis copper delicacy. Toward the center devices is a mixture of pink, rose and amber in a stunning ensemble. The reverse is equally blessed with rich and extraordinary toning diat few patterns we have ever seen possess.
SPECIMEN DISPLAYED: .1-1605, R-7 1879 WASHLADY REVISED HEAD $1 WILLIAM BARBER PCGS PR/65 Finest Known Estimated Retail Value: $35,000
This design by William Barber is one of several attempts to provide a more satisfactory design for the silver dollar than that
Continued On Page 10
Page 9 WINNING WAYS... WOMEN IN NUMISMATICS
JANUARY, 1994
VOLUME 3 NO. 1
Patterns. ..Continued From Page <>
prepared by the young and relatively inexperienced engraver George T. Morgan. The obverse shows an attractive woman with her hair loosely gathered in a bun. “LIBERTY” appears in small letters on a tiara. The letters “IN GOD WE TRUST' and the nu- merals in the date are very small. The reverse depicts a small eagle perched on a branch surrounded by a delicately executed wreath. The letters of the legends “UNITED STATES OE AMERICA, E PL UR I BUS UNUM” and “ONE DOLLAR” tire of three different sizes, hardly an artistic arrangement. These three sizes are all larger than the size used on the obverse for “IN GOD WE TRUST.”
From a design consistency viewpoint it is easy to see why such a piece did not receive serious consideration. Front today’s numismatic point of view the piece is exceedingly rare; even rarer than Barber's famous "Washlady” dollar. It is our estimate that just about a half-dozen specimens exist in all grades. This is the finest ever certified by either grading service and is the only Proof 65.
This specimen is superb in every respect and the strike and detail are razor-sharp,. Magnificent electric blue, tangerine and mauve toning blend into a visually electrifying display.
The famous Garrett Collection specimen brought $30,000 in March of 1980 in a spirited and fierce bidding war. Overall this is an astonishing coin that fully deserves its Mount Everest grade and a superb rarity in every sense of the word.
SPECIMEN DISPLAYED: J-1617, R-6 1879 METRIC $1 SILVER WILLIAM BARBER PCGS PR/65, None Finer Estimated Retail Value: $9,000
This is a monster example of a prized Barber designed “Met- ric Dollar.” The intention of this issue was an experiment by the Mint over a two year period to design a coin which would fit in with the European money scheme (based on metric weights and measures). This and related ideas never came to pass because the Mint determined that it would be impossible for anyone without laboratory equipment to verify the presence of gold in such a coin.
The “Metric Alloy” was composed of 89.58% silver, .42% gold and 10% copper. The composition is stated on the reverse along with the motto “DEO EST GLORIA”. This is the same motto found on the $4 Stella and translates to “God is Glorious." The obverse portrays a very large representation of Miss Liberty's head, with an abundance of flowing tresses. The date " 1 879” and motto “E PLURIBUS UNUM" are present.
SPECIMEN DISPLAYED: .1-1652, R-7
1880 BARBER GOLOID METRIC $, COPPER
WILLIAM BARBER
PCGS PR/66RB, Finest Known
Estimated Retail Value: $11,000
This piece proudly presents William Barber's design for a Goloid Metric coinage. The Goloid metric coinage of this era combined two concepts. First, the weight was stated in grams rather than just grains and second, the pieces were an alloy of goloid. Goloid was used in an interesting series of metallic ex- periments. Goloid has a composition of 10% alloy (generally copper) and 90% precious metals divided into one part gold and 24 parts silver or one part gold and 16 parts silver. The concept was that by adding gold the intrinsic value of the piece would remain high, while the overall weight and size could be decreased for convenience. This was one of the most interesting metallic experiments ever conducted by the Mint.
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SPECIMEN DISPLAYED: J-1529, R-7 1877 HELMET HEAD 50C, COPPER WILLIAM BARBER PCGS PR/65 BN, No others graded Estimated Retail Value: $23,000
Continued On Pape 13
WINNING WAYS... WOMEN IN NUM ISMATICS Page 1 0
VOLUME 3 NO. 1
JANUARY, 1994
HOLLY, DOLLY,
MOLLY, AND SALLY
(FOUR LITTLE OL LADIES FROM DEER LODGE)
By Dean Tavenner
Fbur LOL’s from DL. That’s what the four great gals in the title were to me. (“Solly” would sound a bit ludicrous.) Holly was my mother's good friend; when my mother would go to town from the ranch for the day in the 1940’s, she would drop her four-year old off at Holly’s and Holly (who had no kids of her own) would entertain me for the afternoon. Holly’s husband was a railroad engineer, one of my early heroes, because during die war, anyone who had anything to do with trains - two of the trans-continental railroads paralleled each other fifty yards apart through downtown Deer Lodge - particularly an engineer, was a hero to everyone. Holly was my friend for all my life.
Molly was married to the town doctor. They arrived in Deer Lodge in 1939, became best friends of my parents, and like Holly, Molly was one of my earliest acquaintances and earliest friends. Her husband, the Doc, was a town hero as well; he delivered most of the youth of the town for thirty years.
Dolly was the rancher's wife. Con, her husband, was my mother’s cousin, and in later life, the National Park .Service bought his historic cattle ranch and made it the Park Service’s quintes- sential cattle ranch of the 1870’s. In spite of family relationships, she was distant - regal and intelligent - but distant and cold until I got to know her later through the coin business.
Sally was a widow at an early age, and when her husband, who owned and operated the major oil and gas bulk plant in the county, died in his thirties, leaving her with several children un- der the age of 12, she took the challenge and ran the business herself for the rest of her life. She was a “power business woman,” and in the days of Deer Lodge in the forties, that was a phenom- enon.
So, here we are; the scenario: Four women in our small town (32(X) people, one bank which, unlike two others, had sur- vived the bank holiday, a state prison, two railroads, fourteen bars, and a conservative mentality that would make Orange County seem like a hotbed of radicalism,) three of whom had pretty good bucks and all of whom had plenty of time to enjoy their fancies.
Enter: the government program to liquidate the silver in the government vaults, a bank willing to work with its good custom- ers, particularly those with money, and Larry Busch.
Sometime in the first two years of the sixties, the four la- dies (and I don’t know who started first) came to realize that here, with silver dollars everywhere, rolling out of the cash regis- ters, available in any quantity at the bank for the asking, was the chance to participate in what looked to each of them as a pastime for middle-age which could provide entertainment, activity, so- ciability, and yes - profit. What a combination!
I don’t know when the competition started. It was subtle
and unstated, but it was one of the driving forces that com- pleted a couple of the finest dollar sets I had ever seen, as well as some accumulations of dollars that were to give two of them happiness as long as they lived and two of them die retirement nest egg of which everyone dreams.
The four would independently go to die Deer Lodge Bank and pick up whatever dollars Merrill, die vault keeper, had set aside for diem as the bags were delivered each day from Helena. Merrill had to be careful diat he didn’t give Holly a bag returned by Sally, diat Dolly didn't hear what date was in die last BU bag diat Molly received, or diat he was “at lunch” if no bags arrived diat day from Helena. There were always plenty of bags, but each of die gals became so paranoid that she was continually getting leftovers, that she would travel to any of the banks within a hun- dred miles Phillipsburg, Boulder, Townsend, Three Forks, Ana- conda - and eventually to Bozeman, Butte, and Missoula, to gel bags which perhaps die odier gals hadn’t searched. Holly got the best bags, or at least she had the nicest coins. I guess she just had the best eye. Once, on a visit to her home, she showed me 1 6 rolls of ’80-S, and 9 rolls of ’79-S dollars which she had cherried out of about five bags of each. There was not a coin in die group that would grade as low as MS-65. And die best of each group was die coin which she put in her set. Years later, I sold the '80-S to a major buyer; it was die first “raw” mega-buck common date so far as I know. We sold die coin for $5000.00, and the '79-s for $2000.00 (along with the '02-0 from her set at $2200.00.) Later die '80-S slabbed MS-67 DPL, but I still think it is die finest piece located to dale and so does the current owner.
Dolly had die most cash available to spend on coins and she was more willing to work through a dealer than to run to die bank herself and shuffle dollars around. .She was the first, I diink, to meet Larry Busch. He would come to Deer Lodge from his shop in Bozeman, at first to get dollars from die bank in Deer Lodge or from those people he could find who were regular cus- tomers at the bank and had been saving and swapping dollars. He made die acquaintance of each of the “dollar-soul” sisters during this wonderful time, and he would trade with them so that they could get die dates for their sets which would not come through the banks. He could have survived handsomely on their business alone had he not needed to get onto Missoula each trip to bet on the Cards at Red's bar and play poker until the early hours. None- theless, his travels and contacts all over Montana gave him a chance to pick up items for his four friends.
And he worked the competition like a master diplomat. He, like Merrill, knew just which of the gals needed the extra favor at the right time, the special item to fill the space in the collection, the chance to trade in that week's extra material. He would speak to them in his deep voice (if 1 had a deep voice like his, I would
Page II WINNING WAYS... WOMEN IN NUMISMATICS
VOLUME 3 NO. 1
JANUARY, 1994
go out and attempt to repopulate the world) and they would work the trade, pay die price, and go home elated and enthusiastic as never before. He was a master working with his puppets; they loved it. But, he w’as always fair with them. He must have sensed dial retaining diem as customers was better dian making his for- tune all at once. He easily could have.
As time crept on, the interests of the four went separate ways; Holly kept sorting and upgrading with the eventual goal of
having a truly fine set. She used her many hand-picked single duplicates to trade and upgrade. She picked up a few Saints, but she stayed mostly with her first love, a wonderful set of dollars. Molly mostly finished sets of dollars and, later, other series, and was satisfied widi whatever quality would fill die sets which she intended to leave eventually to die members of her family. Sally became an accumulator. Her goal was to acquire a great deal of material, as nice as possible, but not such high grades as would prohibit her from having quantities. She finally sold off the lower-grade bulk and left die better bags and rolls (yes, bags) to her lawyer and engineer sons.
Dolly put together some very nice sets and went on after die dollar run was over, to collect other series and even foreign and ancient coins. After coins, she went to stamps. Later in life, as she and Cousin Con retired and spent most of dieir time in La Jolla, she became the darling of several dealers around the coun- try who saved nice (diey said) material for her. Most of it was just expensive. She became an “ego” buyer: if it cost enough, it was what she wanted. She should have stayed a customer of Larry Busch.
So ends chapter one of die tales of LOLs from Deer Lodge. They were wonderful friends, great customers, and I’ll remem- ber them forever. We need more people like diis diese days. We would really have a marvelous business and hobby widi die in- volvement and participation of people like diese four gals from Montana.
Wayne Pratali
A-Mark Precious Metals WIN Meeting 11-11-93
Wayne Pratali was featured at WIN's St. Louis meeting. The following are excerpts from his speach.
Coins are a great investment when viewed from an overall perspective. Since 1950 coins have increased at a good steady growth rate. Gold, silver and platinum have increased and often coins went with those precious metals. Dating from ‘50’s & ‘60’s coins advanced to a major peak in ’79 & ’80. Coins went very high. Col- lectibles were very high too. Interest rates were 22% or higher. People were desperate to get rid of currency & put paper into hard assets. Then there was a major crash from 1980-1982. Then there has been steady growth again since 1982. PCGS & NGC came in between ’82 & ’89 and huge numbers of coins have been 3 party professionally graded. After the slabbed coins came in a market index was originated called ATC which is equivalent to the Dow Jones index for the stock market. This provides a quantitative method for tracking coin prices market. At recent peak in 1989/1990 coins were 1600; then a steep decline to 426 in 1992 and since then an overall increase to 600 with some small inter- mediate corrections. In my opinion the market bottomed at the ATC Generic level of 426 in 1992, and is now an increasing pattern toward the next cyclical high approximately 2000 or 2001. The market hit bot- tom almost exactly one year ago. The coin market (and gold/silver etc.) appears to follow 10 to 11 year cycles. This correlates to sunspot activ- ity. Sunspot activity and its relationship to market activity has been tracked/recorded for 350 years with a full cycle every 22 years. The sun has cycles and it correlates to markets. It seems to exaggerate what we do on this earth. My personal story is that in 1985 I was out of the coin market. When I reviewed the sunspot cycle and realized there was go- ing to be a peak of sunspot activity in 1989-1 got back into the market. You can see from the chart that the coin market peaked again in 1989-1990. As another aspect, every government in the world inflates the money supply. This creates an increased currency volume The in- creased currency has to go somewhere. It is noticeable from charting that these cycles have been around for a long time; however in the last few years activity with run-ups and corrections are coming closer to- gether. I attribute that to more competent and faster information pro- cessing.
There is more money around than there has ever been because the governments are printing it; but there is very little money velocity at this time. People are not spending the money. It is just sitting there. We don’t have inflation because of the depression. Eventually the pressure of this money supply will mean spending and increased money veloc- ity. People will look around and say, “What should we buy? People are moving out of treasury bonds even now. Timing is just perfect now. Coins are now selling generally at 40% of 1989 prices. Just so you won’t think I’m just crazy with my comments about the sunspots, I joined (and have been a member) of the foundation for the study of cycles for a number of years and the foundation analyzes the elements and documentation of cycles.
Editor: We hope to have Wayne Pratali write an article on sunspots and their relationship to cycles at a future date. Wayne did a terrific job with fielding questions at our meeting in St. Louis. The information was pertinent to market conditions at this time and should be interesting to our readers. However, since the above excerpts were taken from notes, any omissions or mistakes in reporting fall at the Editor's door.
WINNING WAYS... WOMEN IN NUMISMATICS Page 1 2
VOLUME 3 NO. 1
Patterns. ..Continued From Page 10
Charles E. Barber
Seventh Chief Engraver
of The U.S. Mint
January, 1880-February, 1917
Charles Barber's first U.S. coinage design was the Liberty Head nickel, which made its debut in 1883. Apparently Barber thought that the large “V" on die reverse was sufficient to indi- cate the denomination. However, unscrupulous individuals plated die new nickels in order to pass diem as $5 gold pieces, forcing Barber to add die inscription CENTS blow the wreath on the re- verse side.
In 1890 Congress passed a law audiorizing the Treasury De- partment to create new coinage designs after existing designs had been in use for 25 years or more. Ten artists were invited to sub- mit models, but diey backed out because of dissatisfaction widi die rules of the competition, die questionable qualifications of die judges, and the meager compensation that was being offered. Treasury officials then decided to stage an open competition, with Augustus Saint-Gaudens, Henry Mitchell and Charles Barber serv- ing as judges. None of the entries were seen as an improvement over existing designs. By default, die assignment went to Barber, who had asserted that only he was capable of performing the work ! !
This was often die case when new designs were introduced, critics blasted the new silver coins released in 1892, diough none of their comments has stood die test of time. Undaunted, Barber went on to design die Isabella quarter, Lafayette dollar (dated 1900 but struck in 1899), 1903 Louisiana Purchase Exposition gold dollar, 1904-05 Lewis and Clark quarter eagle (obverse). Exposition gold dollar, 1915-S Panama-Pacific Exposition quar- ter eagle (obverse, and 1916-17 McKinley Memorial gold dollar. In 1916, when outside artists were commissioned to redesign the silver coinage, problems again erupted. In the latter part of 1916, die Barber series of coins gave way to the Winged Liberty Head dime, Standing Liberty quarter and Walking Liberty half dollar. Barber died February 18, 19127 ending a 38 year tenure as Chief Mint Engraver.
SPECIMEN DISPLAYED: J-1590, R-7 1879 WASHLADY 25C, SILVER CHARLES E. BARBER NGC PR/66, Finest Certified By NGC Estimated Retail Value: $19,950
When it comes to top-end-pattern pieces, everyone knows how few and far between true gems really are. Because most of
JANUARY, 1994
diese experimental issues were minted out of the public’s sight, and because they were kept incognito, as it were, by dieir first owners in die late 19th century, only a handful of superb pieces survive.
If diis was a run-of-die-mill pattern it would still command collector and investor attention. However, this is NOT. It is in- stead one of the very rarest-and genuinely beautiful - patterns of diem all, Charles E. Barber's WASHLADY. Aldiough die term “Washlady” is completely inappropriate, this design has acquired dial inelegant nickname by virtue of the unkempt appearance of the hair when die coin is viewed quickly or at a glance. Actually, close scrutiny reveals diat the hair is elegantly styled in the high- est of fashion and not die bedraggled mop one envisions on a Washlady from diat time period.
SPECIMEN DISPLAYED: J-1597, R-7 1879 WASHLADY 50C, SILVER CHARLES E. BARBER PCGS PR/65, None finer Estimated Retail Value: $27,500
George T. Morgan
Eighth Chief Engraver of the U.S. Mint. February, 1917- January, 1925.
<
SPECIMEN DISPLAYED: J-1505, R-7 1877 MORGAN 50C, COPPER GEORGE T. MORGAN
PCGS PR/65RD, Finest Known &Only Certified .Specimen
This half dollar obverse was designed by George T. Morgan and prominently features die head of Liberty. Her hair is flow-
Continued On Page 18
Page 13 WINNING WAYS... WOMEN IN NUMISMATICS
JANUARY, 1994
Tips
In June, meanwhile. Chase Manhattan Bank dropped its rental-car collision damage protection for customers who carry the bank’s standard Visa and MasterCards.
You’re still assured of collision damage protection if you carry American Express, Diners (dub, Discover, or Visa or Master- Card’s “gold” cards. Even then, however, only Diners Club of- fers primary coverage; coverage on other cards is limited to what your own insurance carrier doesn’t pay.
“There’s definitely a pattern of efforts (by insurers and credit- card issuers) to define and limit their own liability,” said Tom Wilkenson, a partner with Caldwell Associates, a Washington, D.C., travel-consulting firm.
“As the rules keep changing, it’s a mess for travelers.”
By LAURA BLY
The Oranqe County Register ReCSIlt ChaiigSS May Mead
Greater Risks
Planning to rent a car on your next vacation or business trip?
Better do some homework before tuning out the rental company's sales pitch for optional — and pricey — insurance coverage. The alternative might be financial disaster if you're involved in a crash.
Within the past year, some major car-rental companies in California and at least two dozen other states have switched pri- mary liability to the renter for any injuries or property damage the renter causes in an accident.
What it means: Unless you purchase a separate liability waiver for about $8 per day, you — not the rental company — would be sued first if you rear end someone on a rain-slicked country lane.
The shift in so-called “third party liability” isn’t the only issue you'll need to consider before you pick up the keys.
While rental-car companies used to take primary responsibility for whom and what you hit when you were behind the wheel, renters always have been accountable for the rental car itself.
But until recently, conventional wisdom dictated you could turn down the collision damage waiver (insurance against dam- age, theft or loss of the vehicle that cost an average of $10 extra per day) because you already were protected — through your own auto insurer, your employer, or by your credit-card company if you charged the rental to the card.
That might no longer be true, particularly if you’re renting a car on business and your company doesn't carry its own rental- car insurance.
At least 40 percent of the nation’s auto insurers — including State Farm, Allstate and Farmers, die three largest — cover rental cars for personal use, said Loretta Woods of die Insurance Infor- mation Institute in New York. But whedier a policy would ex- tend to a car driven on business “is a very gray area now ... it varies from company to company,” Woods said.
Late last year, for example. State Farm began eliminating automatic collision and liability coverage for policyholders who rent cars on business. The change is now effective in 27 states (though not in California).
Insurance is a must if you dent your rental
ANSWERS: Know the in’s and outs of coverage before you sign on the dotted line.
By LAURA BLY
The Oranqe County Register
Don’t wait until you arrive at the rental car counter to decide which insurance options to accept or decline. Among die questions you'll want to answer before you leave home:
© Am I off the hook if I’m renting a car on business?
Most large and midsize companies will cover you for bodi collision and liability, either dirough dieir own policies or by negotiating a contract rate widi a car rental company. But smaller companies may require employees to pay for extra coverage at die counter and be reimbursed later, while others may offer no protection at all.
©Will my personal auto insurance cover me for both colli- sion and liability? If so, for how long and for how much?
There’s a good chance you're protected, particularly if you're renting the car for personal use. But keep in mind that your policy may set limits: no more than 1 5 days of a consecutive rental, for example, or no more than 45 days per year. And you may not be covered for “loss of use” charges, imposed by die rental car company while die damaged rental car is being repaired.
If you plan to rent in California or anodier state in which car rental liability may have been shifted to the renter, you'll want to make sure your own coverage is adequate .
Even when rental-car companies retain primary liability, those companies are only required to pay up to a state-imposed limit usually about $30,000 per accident. Continued On Ph^c ‘20
WINNING WAYS... WOMEN IN NUMISMATICS Page 1-t
VOLUME 3 NO. 1
JANUARY, 1994
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WINNING WAYS... WOMEN IN NUMISMATICS
VOLUME 3 NO. 1
JANUARY, 1994
The Bibliophile
By Ken Bressett
United States Clad Coinaqe.
By Ginger Rapsus.
This is one book you definitely do not want to miss. Not only is it a worthwhile addition to every bookshelf, it was written by a WIN member! And a rather famous one at that. Ginger has w-ritten many articles for The Numismatist and other publications. Her research and writing skills become very evident in this account of some modem coins that we might oth- erwise pass over too quickly.
Ginger says she wrote this book because it is something that she wanted to read herself, but there was no such thing in print. She became interested in the subject after seeing her first clad coin in 1965. It was so different from the silver pieces, that she wanted to learn all about them. By 1990 she realized that die subject had been all but ignored by most writers so she vowed to do the job herself.
With the help of several other numismatists Ginger gathered to- gether all of die information that she could find on the subject of clad coins. Then she began die task of sifting dirough it all. That meant mondis of reading back issues of numismatic publications since 1965, searching dirough old government reports and inter- viewing those who remembered die genesis of diis fascinating coinage.
relates how the date 1965 was used on all of the coins that were made until April of 1966 when enough of the new coins were in circulation to eliminate the shortage.
Subsequent chapters tell about the elimination of mint marks from 1965 dirough 1967, and of the special coins that w'ere made for the Bicentennial celebration. Even included are the clad com- memorative coins and of course the Susan B. Anthony dollars. Odier sections tell about clad coins in circulation and how to collect diem. It is interesting to note that not very many of these coins were saved in high grade condition.
Are there rarities to be found in the clad series of U.S. coins? Is diis the time to begin collecting diem? You will never know until you read this fascinating ac- count by Ginger Rapsus.
If you haven’t thought much about the subject until now, diis is die time to get into it. You will find all you ever need to know in this book. It is highly recom- mended.
Copies of United States Clad Coinage (in paperback, 193 pages) are available from Bowers and Merena Galleries Inc. Box 1224, Wolfeboro, NH 03894 for $12.95 plus $3 shipping.
Editor: We hoped to have a brief autobiography from Ginger for this issue. ..but alas... to press we must go.
What may seem trivial to us now will someday be a part of his- tory diat happily is faidifully recorded in this handy book by Gin- ger Rapsus. It is a straightforward account of how U.S. clad coin- age came to be, what it is all about, and exactly which coins have been issued in clad metal over die years.
In a chapter called “The End of Silver Coinage,” we learn about die coin shortage of 1964 and other events diat led up to chang- ing over to die clad coins in 1965. Included in the discussion about the rising price of silver is an account of the trials and tribulations of the 1964 dollar coins diat were made but never put into circulation.
The following chapter tells about die search for a suitable com- position for die proposed silverless coins, and how the Treasury, after rejecting materials such as stainless steel, pure nickel and zirconium, came up with six different alloys they found accept- able. Included in die list were coppemickel or nickel-silver bonded to a copper core; nickel with silicon; silver-copper on a copper core, and a few others which seemed even more exotic. After much experimention trial pieces were struck in as many as 18 different materials. These were made at die Mint using die Mardia Washington and Mount Vernon design. Rapsus tells about die debate over which alloy to use and gives a good background on die various reasons for and against usage of die metals. She also
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VOLUME 3 NO. 1
JANUARY, 1994
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3age 17 WINNING WAYS... WOMEN IN NUMISMATICS
JANUARY, 1994
VOLUME 3 NO. 1
Patterns... Continued From Page l.'l
ing, and adorns a liberty cap decorated by heads of wheat, cotton leaves and bolls. "LIBERTY” is incused upon the coronet. “E. PLURIBIJS UNUM” with six stars to the right and seven stars to the left encircles the margin This is the same design used for the obverse of the Morgan dollar. However, the reverse displays a small eagle on a shield holding an olive branch in the right talon and three overlapping arrows in the left. On botli sides of the shield are laurel leaves tied together by a ribbon at the base. “IN GOD WE TRUST” reads on a pleated scroll above the shield. Although more patterns were made in 1877 titan in any other years, the ultra-rare half dollar patterns form one of the most beautiful and collectible series of all.
SPECIMEN DISPLAYED: .1-1509, R-7 1877 MORGAN 50C, COPPER GEORGE T. MORGAN PCGS PR/65RB Finest Known.
Estimated Retail Value: $17,500
An absolutely magnificent and wonderful example of George Morgan's miniature version of the design latter adopted for the famous Morgan dollar. Patient coins of 1877 are the "rarest of ntre in U.S. numismatics". This fact can be quickly verified by glancing at the population reports from both services. This speci- men of the “Mini-Morgan” is the FINEST KNOWN and, in fact, only two others have ever been graded in any color or grade; they are a PR- 63 Brown and a PR- 64 Red Brown.
SPECIMEN DISPLAYED: J-1513, R-7
1877 MORGAN 50C DEFIANT EAGLE, COPPER
GEORGE T. MORGAN
PCGS PR/65RB Finest Known & Only One Certified Estimated Retail Value: $22,500
This pattern was minted in botli silver and copper and the Defiant eagle, rev., stands on a broad scroll inscribed IN GOD WE TRUST; behind the scroll are three arrows to the right and an olive branch to the left; all within a ring of dots.
SPECIMEN DISPLAYED: .1-1517, R-7 1877 MORGAN 50C \V7 LARGE FEATHER ON EAGLE, COPPER
GEORGE T. MORGAN
PCGS PR/65RB, Tied For Finest Known
I'lie obverse of this design depicts the head of Liberty, as designed by George T. Morgan and is identical to that found on the famous Morgan Silver dollar. Surrounding the central portrait tire a beaded circle, the legend “E PLURIBIJS UNUM” and the date 1877. The reverse shows a well balanced eagle seated on a scroll inscribed “IN GOD WE TRUST”. The eagles wings tire fully spread and raised above its head, which is encompassed as well as with a beaded circle.
SPECIMEN DISPLAYED: .1-1701, R-7 1882 EARRING 50C, COPPER GEORGE T. MORGAN PCGS PR/65 BN, f inest Known.
Estimated Retail Value: $24,500
The exquisite Morgan Shield Earring half dollar, so-called because Miss Liberty is wearing an earring in the shape of a shield. It is the opinion of many, that this design is one of the 2 or 3 most beautiful designs ever produced in the United States coinage his- tory. Often candidates are the Amazonian, Schoolgirl, and Wasltlady designs. This particular specimen is the finest known of this coveted pattern. This issue represents an exceptional com- bination of legitimate rarity, superlative condition and artistic achievement.
The obverse of this coin, designed by George T. Morgan, has the head of Miss Liberty wearing a broad band inscribed with the word “LIBERTY” and holds her plaited hair at the back of her head, much like a skull cap. The reverse has a gorgeous defi- ant eagle with raised wings grasping an olive branch and three arrows in its claws. “UNITED STATES OF AMERICA" is writ- ten above and “ONE DOLLAR” is inscribed below.
Editor Note: It seems a shame to have to end this series without being
able to cover all the exquisite pattern coins that were on display. Thank you. Randy, for a remarkable and educational feast in numismatic rari- ties.
Randy McIntosh is Director of Wholesale Numismatics at S.L. Contursi Galleries in Newport Beach, CA. (Now named Tangibile Assets Inc).
WINNING WAYS... WOMEN IN NUMISMATICS Pam* 1 8
VOLUME 3 NO. 1
JANUARY, 1994
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Page 19 WINNING WAYS... WOMEN IN NUMISMATICS
VOLUME 3 NO. 1
Travel. ..Continued From Page 14
If you’re involved in a crash with serious injuries, that limit could be exceeded— leaving significant assets at risk.
Consider purchasing a$l million umbrella policy from your own insurer for about $1(X) to $300 per year, or buy the optional $1 million liability coverage when you rent the car, for about $8 extra per day. If you're a member of die American Automobile Association and rent from Hertz, you'll receive automatic liabil- ity insurance of up to $50, (XX) per accident, no matter which state you rent in.
©If I charge the rental to my credit card, what kind of pro- tection will I receive?
It depends on the issuer. In most cases, coverage is second- ary to your own insurance, but includes the cost of your deduct- ible and any charges your insurer turns down, up to $25,000 or the full value of the car. Remember that you’re only covered for collision, theft, fire or vandalism to the car you rent-not for any injuries or property damage.
Four-wheel drive vehicles and other specialty cars often are excluded, and coverage is invalid if you break die terms of the rental contract— such as allowing unauthorized drivers to take the wheel or driving the car off paved roads.
© What happens if I’m involved in an accident?
Be prepared for a lot of paperwork-and a chance you'll be turned down the next time you try to rent a car.
To file a claim widi your credit or charge-card issuer for your deductible and any charges your insurer doesn't pick up, you'll need to supply copies of the accident report submitted to die rental company; car-rental and insurance contracts; police report; and repair estimate. In most cases, you must pay die de- ductible yourself and be reimbursed later.
If your driving record was already suspect when you had die rental-car accident, you might have trouble renting a car die next time. Avis, Budget, Dollar, Enterprise, National and Thrifty have started checking driver's license records in several states, including Florida, Ohio, Maryland and New York. (Licenses will be checked in California, Pennsylvania and Washington, D.C., by the end of die year.)
If die rental outfits don’t like what diey see— which could be anydiing from a revoked license to two or more accidents in the past diree years-you might be turned down and placed on a black- list for future rentals elsewhere •What about out-of-country rentals?
Most personal insurance policies cover rentals only in die United States and Canada. If you damage a rental car overseas, your credit or charge card would kick in as primary insurance, but you could be stuck widi a large charge on your account while the case is being resolved, and you still wouldn't be covered if you caused any injuries or damage to another car.
Some countries, such as Mexico, Italy and New Zealand, require renters to purchase at least some types of insurance. But even in odier nations, you should consider buying the extra cov- erage at the counter, radier dian risk losing money or vacation time to resolving an accident claim.
JANUARY, 1994
N L G Award
Won By Mary Sauvain WIN President
By Sondra Beymer
Mary Sauvain won the National Literary Guild award for the best numismatic newspaper column of the year pre- sented at the Baltimore ANA's NLG Bash. This monthly column, "The Coin Detective’ has been appearing for almost three years.
Mary notes that the most challenging part of writing this col- umn has been presenting the information in an understandable and informative way with good technical photos. T he trick is to get a good mix between numismatic terms mid layman terms which is extremely time consuming.
Determining a topic can begin by someone showing her an interesting coin and research, photos information then starts to happen. Mary states that after information is gathered, die col- umn can take from one hour to one week to write.
One of her most thought-provoking and difficult columns was die column on die definitive of numismatic terms in layman’s language. This series of several columns was an entry level glos- sary of descriptive terms on numismatic counterfeiting.
Most public response came from her 1909S VDB column. People really enjoyed reading about this coin and came by to relate to her diat diis valuable information saved them from buy- ing a counterfeit.
Her most fun in writing about counterfeits is adding the per- sonalities. For example. Henning’s equipment used in wartime nickels was found dredged up in a river, which showed die mediod he used to counterfeit the nickels!
In her August column about detecting counterfeit McKinley gold dollars, use of clear, articulate terms such as "diagnos- tics,” “slriations” etc ., plus sharp photos of die gold dollar demonstrates part of the reasons for winning the NLG award.
Mary is a former authenticator-grader for the ANA Certifica- tion Service, serves a consultant and has her own business specializing in U.S. and Colonial coins. The reasons she chose column on counterfeits are diat she has always been interested in counterfeit detection she wanted to educate odiers and it serves as a visual recognition of counterfeits for herself.
When buying coins Mary cautions: "Always remember a bargain is not always a bargain."
Congratulations to Mary Sauvain on your NLG award. And please keep up the fine detective work!
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WINNING WAYS... WOMEN IN NUMISMATICS Pag*’ 20
VOLUME 3 NO. 1
JANUARY, 1994
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Page 21 WINNING WAYS... WOMEN IN NUMISMATICS
ONI
VOLUME 3 NO. I
JANUARY. 1994
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