As with stamps, some of the most valuable currency items you can collect are those with unusual, minor flaws. That's one reason why it's important to closely examine every coin or bill you get. You don't need special coins to get started, though. You can begin with your own pocket change, with foreign coins from a trip, or with a few commemorative coins approved by the U. S. Mint. Connecting with other numismatists is vital, but you'll learn more if you master coin vocabulary first.
No matter where you are in the United States or around the world, odds are good that there is a society of numismtists or coin club you can join. Likewise, major museums that study ancient history will sometimes give seminars about numismatics. There is no shartage of intriguing coins and bill to collect, so most people find numismatics is a life-long pursuit. Any time that currency changes anywhere in the world, there's potential for your collection to grow, so the best way to establish a terrific collection is to get started right away. Who knows what you might find?
During the ancient that predate modern coinage, there were thousands of different types of items people bartered for things of value. Many of thses were "found" items, suchg as shells, but some were handicrafts, like beads. No fixed value was attributed to any of these items, and they were exchanged for food, textiles, and other commodities by haggling directly with individuals who had items to trade. In the seventh century, however, coins began to appear and become more standardized, and numismatics began.
There is a difficulty in studying coins and paper money with collecting them! The first people to pursue numismatics were aristocrats and royals, leading to name of our hobby it retains to the present day: "The Hobby of Kings." Before the Renaissance, only the wealthiest and most well-connected people could possibly hope to collect the ancient coins that offered insight into the life and times of places such as imperial Rome, ancient Greece, and Persia. It was not until the grand proliferation of standardsized currency in the Renaissance that it became "big business."
The first coin to carry the official motto of the United States is the two-cent piece. There is an extended story about the motto, the coin, and the events that brought it into existence. William Bierly wrote a tremendous book, In God We Trust, that is so carefully and thoroughly researched that you will improve your knowledge not only of numismatics, but also of American History.
The author grew up with the stories of his Great-Grandpas fighting in the Civil War. Bierly collected coins from pocket change. When he received his MBA from Indiana University, he worked in the finance industry. What is most impressive about this book is not the war stories of the Civil War, nor the politics of the of the war, but an independent and fresh look at the spiritual side and the religious climate of the war. He also discusses the financial and monetary changes because of the war. His discussion on national currency, the banking system, and the foundation of our modern banking.
This book is very enjoyable reading - as much detail as the reader wants - and sufficient chapters to cover the topic without compromising his theme and purpose. As an appreciative citizen of our national motto, there is a discussion of why the controversy with this same motto. The illustrations, the extensive notes, glossary and bibliography make this a great tool for further study and a well of information on several related topics.
FUN Show 2021
Theme for the 66th FUN show: "GET YOUR KICKS AT F.U.N. 66
Thurs. January 7 Fri. January 8 Sat. January 9 Sun. January 10
10 AM - 6:30 PM 10 AM - 6:30 PM 10 AM - 5:30 PM 10 AM - 3:00 PM
The show in January is renowned for being the bellwether event on the numismatic calendar. With over 1500 dealers, Heritage Auctions, exhibitors and over 10,000+ of the most avid collectors, the FUN show kicks off the year on a high note. Make your plans early to attend this monumental numismatic event!
Check out the other tabs for further information about our FUN Convention.
Admission to the show is FREE to the public! Show attendees must first stop by the public registration booths and pick up their “HELLO” badge before entering the bourse floor. Go to: www.funtopics.com
IN THE NEWS
Tony Swicer writes the FUN Club Newsletter. For July 1st, 2020, he reported:
Most coin clubs have not met since the middle of March. In Florida, the governor’s regulation is still “No gatherings of 10 or more” for Palm Beach, Broward, and Miami-Dade Counties. Phase 2 says, “No gatherings of 50 or more”. I don’t expect we will meet until maybe September. Several clubs have gone to Virtual meeting online. In Florida, Casselberry, Citrus County (18 watched), and Palm Beach (85 watched) Coin Clubs have had virtual meetings June, July, And August. I also joined in with the Cincinnati Numismatic Society’s virtual meeting June 12th. They had a program on the Cincinnati Industrial Expositions 1870-1888 and several show-n-tells. I have noticed that more people can watch on YouTube via Streamyard.com because there are just 2 steps to watch and no setup or fees. The negative is only a few people can talk.
Ft. Walton Beach Coin Club- had 27 members at their last meeting. They had a silver dollar attendance prize. Dave Parenteau gave a program on all the unusual sections in the back of the Red Book. The Ocala Coin Club held its first regular meeting after a 90-day Covid-19 adventure on June 23rd.
FUN Video’s online- Watch any FUN video online by going to http://funtopics.com Click on “FUN Education”, then click on “FUN seminars hosted by The Newman Numismatic Portal”. Select the year and then the video you want to watch. Right click “play” on the screen to start the video.
In the News: The Royal Canadian Numismatic Association National Show scheduled for July 20th in Halifax Nova Scotia was cancelled early in June.
June 17th, Federal Reserve Chairman Jerome Powell told Congress that the circulation of coinage had come to a halt due to the coronavirus shutdown. With the closing of restaurants and other retail outlets, coinage was not circulating, more credit cards were used. Some banks are already limiting the number of rolls you can get at their facilities.
June 20th, NGC announced a special 20% discount on certification fees during July 27 to August 7th. Contact NGC for further details.
June 7th, Coin Dealer Larry Lee passed away. He was owner of Coin & Bullion Reserve, Panama City, FL
June 19th, Numismatic researcher and speaker Ray Herz passed away. He was from Jacksonville, FL
The ESM collection of Large Cents 1793-1857, including 3 1793 Chain cents in AU, will be auctioned off in August by Stacks.
Eagle Eye Rare Coins (Rick Snow) Tucson, AZ purchased the finest PCGS Indian Cent Registry Set of 30 pennies for $1 million+. 26 pieces were MS-67 RD or MS67+RD, and one MS-68 RD. All are finest known or tied for finest known.
Yamashita’s Gold: “Lost Gold of World War 2”
Have you been watching “Lost Gold of WW 2”? In the last episode it was said that after WW 2, General Douglas MacArthur had war crimes trials in Japan. Some Japanese up for trial, received reduced sentences if they cooperated with the U.S. in finding some of the 175 burial sites on Luzon Island in the Philippines where Japanese general Yamashita buried looted gold, diamonds ,and other treasures captured by the Japanese during WW 2. They said that MacArthur found many of these sites and recovered billions of dollars worth of treasurer. Recently released documents showed that under the direction of President Truman, the U.S. secretly put this money in 171 banks in 42 different countries. The money was to be used to fund the newly established C.I.A., hidden from Congress. One site had 20,000 tons of gold bars. Another site had $12 to 17 billion in treasure.
Philippine president Ferdinand Marcos had 29 original Japanese treasure maps and he had found billions of dollars in treasure. There are still sites yet to be discovered. That’s why the History channel is running this series.
The British One Pound Note Used to Deceive the Nazi’s - By Joe Bolling
By early 1942 the Germans had occupied most of Europe and North Africa. Now that the United States had entered the war, it was time for the allies to go on the offensive. Where were they going to attack? The allies wanted to fool the Germans by using British Military Authority notes. Specifically, they used the one-pound note. They printed 75 notes to be shown and seen by German spies. All the notes had the serial numbers 39Z 000001 through 39 Z 000075.
25 notes had a black overprint “BULGARIA”, top center, and were serial numbers 1 – 25. 25 notes had the overprint “GREECE” and were serial numbers 26-50. And finally, 25 notes had the overprint “FRANCE” with serial numbers 51-75.
The idea was to make the Germans think the invasion was going to happen in one of these three countries, when in fact the invasion was Morocco, North Africa.
These original notes are worth thousands of dollars today and no one knows how many exist. Lyn Knight has a “Bulgaria” serial number 11 in his June 23rd, 2020 auction starting at $7590.00, Value $12-17,000. It did not sell.
With these notes being so valuable, counterfeiters are overprinting the common one- pound note with Bulgaria, Greece, or France, but the serial numbers are not 39 Z 000001-75. That’s how you tell a fake.
ON THE LIGHTER SIDE
Hurricane season has been postponed 90 days due to the coronavirus.
The new “C.A.G.” sticker is out. Many of you are familiar with the C.A.C. sticker on certified coins, where they put their sticker on a certified coin if they agree with the grade. Well, C.A.G. stands for “Coins Atrociously Graded” for those other grading services that put AU-58 coins in holders graded MS-68.
Vice President of F.U.N.
The forward by American Numismatist and author Q. David Bowers along with both the publisher's preface and Bierly's own preface whet the appetite for an extensive and interesting read. Twenty chapters, illustrations and charts makes this a most contemporary and future classic in any numismatic library. Available through Whitman Publishing and other booksellers, it's time to collect more than just your two-cent's worth of history!
Check out THE Q - WQBQ AM 1410
- "The Voice of Lake County" -
The Ocala Coin Club sponsors the 5:30 p.m. daily market report. The best in local radio. Listen from anywhere @ www.1410WQBQ.com
Throughout the Renaissance, larger and larger groups of aristocrats, both men and women had their agents scour the globe in search of ancient coins. Ancient coins were in such demand that artists were comissioned to create replicas of the portraits and architectural art on old coins, not for monetary use or as forgeries but simply so that a collection would seem more complete. It took more than a century before numismatics grew into an academic research topic: up until the 1700's, researchers simply couldn't get their hands on the most important coins!
In the 1800's, numismatics began to evolve into the hobby we know today, complete with a variety of handbooks to help identify rare and valuable coins and paper bills. By the 1900's, amateur coin collecting
coin-collecting societies began to emergy throughout the world. There are now hundreds of thousands of rare and unusual coins and bills sought by collectors. Professional dealers support the hobbyist market thgough their rigorous training in identifying authentic items. Top-tier progessionals ae as knowledgeable as any art critic or other antique appraiser.
Compiled by: Mark Trout,
Webmaster and President of the
Ocala Coin Club
And a collector of type coins, Jefferson nickels, small dollars, Souvenir cards, interesting currencies, F.U.N. tokens, wooden nickels, and a hodgepodge of most other numismatic collectibles!