Docstoc

My Money is Worthless

Document Sample
My Money is Worthless Powered By Docstoc
					     “The Bulletin”
       January, 2002                                   My Money is Worthless?
                                             The next meeting of the North York Coin Club will be held on Tuesday, January
                                             22, 2002, at the Edithvale Community Centre, 7 Edithvale Drive. We start gathering
                                             about 7:30pm with meeting start scheduled for 8:00.
President’s Message
                                             Our guest will be Mr. Martin Hoffmann speaking on The Inflationary Currency of
                                             Germany. He will cover the period from 1900 through 1949, illustrated with notes
It is a pleasant turn of events that I am
                                             from his own collection. Since some of these pieces are rather common, members are
able to extend a very Happy New Year to
                                             encouraged to bring along examples from their own collection.
all members and their families as one of
my first duties as incoming President.
                                             This is the Annual Meeting so financial reports will be presented. We have a listed
You can be sure that I will be learning
                                             auction this month but you are encouraged to bring additional auction material for
quite a bit as I go along during my first
                                             this meeting.
few months, but I am truly looking
forward serving as the President of the                                                   Torex, Feb. 23-24 at the Pearson Ball-
North York Coin Club.                        Coming Events                                room, Primrose Hotel, 111 Carlton St.
                                                                                          Show and Auction. Sat. 10am-5pm; Sun.
Your 2001 membership renewal is now          CAND Show, Jan. 26-27, Ramada                10am-3pm Daily admission $5. Coins,
due. Please bring your renewal to Len        Plaza Hotel, 150 King St. Hamilton.          paper money, cards, books, supplies,
Kuenzig at the next meeting or send it in    Sat. 10am-5pm; Sun. 10am-3pm. Large          pens, watches, militaria. Contact Brian
by mail. Those who have paid receive         bourse, draws. Admission: adults $3,         Smith, (416) 861-9523, e-mail
new membership cards with this mailing.      others $2. Contact Terry (905) 318-          brian@torex.net. Web site: http://www.
                                             1638, e-mail rscoins@netaccess.on.ca         torex.net.
Two members who were very quick to re-
new were Tom Wilson and Frank Zarah,         South Western Ontario Numismatics            Ontario Numismatic Association An-
each of whom included a donation to the      Coin and Collectibles Show, Feb. 3,          nual Convention, Bourse floor April 13-
Club along with their dues. We thank         9am-4:30pm Convention Centre, Paris          14 at the London Four Points Sheraton
these very supportive members and want       Fairgrounds, 139 Silver St. Admission        Hotel, 1150 Wellington Rd. South. Ad-
everyone to know the money was imme-         $2. More than 50 tables of tokens coins,     mission $3. Hosted by the Ingersoll Coin
diately put to good use in subsidizing our   paper money, sports cards, jewellery,        Club.
annual Christmas Party.                      militaria, postcards, and artifacts. Con-
                                             tact Ted Bailey, (519) 442-3474.             This information is courtesy of Cana-
If you are now on the Internet, please                                                    dian Coin News and its web site.
send an e-mail to the editor at “p.          Oshawa and District Coin Club Coin-
petch@rogers.com”. This will allow us        A-Rama 2002, Feb. 16 10am-5:30pm
to send you any last-minute emergency        Five Points Mall (Ritson Rd. and Taun-
announcements. You may contact the           ton Rd). Free admission. Coins, paper
President, Bob Wilson, at 905-677-3765       money, medals, and tokens Contact                 Next Meeting:
or the Editor, Paul Petch at 416-303-        Earl or Sharon MacLean, 905-728-
4417.                                        1352, e-mail: papman@idirect.com.                  January 22
Page 2                                                             North York Coin Club Bulletin, January 2002


 Meeting News from the November 27 Meeting
The 468th meeting of the North York          The President, as a long-standing good
Coin Club was held on Tuesday Novem-         friend of Roger Fox, eloquently intro-
ber 27, 2001 at the Edithvale Community      duced him as guest speaker for the eve-
Centre, 7 Edithvale Drive, Willowdale.       ning. Roger’s presentation focused on
The President, Paul Petch, opened the        the Canadian Tire display in Ottawa
meeting at 8:05 p.m. and welcomed 22         which, to date, has increased attendance
members.                                     at the National Currency Museum. A
                                             video, taped by Barry McIntyre, showed
Unfortunately, Del Murchison was not         what an exciting event the opening was.
present for the On Time Attendance           Congratulations and well-deserved ku-
Draw so the pot goes to $4 for December.     dos came from the Canadian Tire repre-
                                             sentatives and others. Possibly the high-
Again, the Chair obliged the Secretary by    light was the comment made by an offi-
reading and then accepting the minutes of    cial of the Bank of Canada who noted
Oct. 23.                                     "Canadian Tire Money could probably
                                             be considered as Canada’s second offi-
                                             cial currency"! The red tape was cut and    The Lucky Draw winners were: Norm
Paul Johnson, as Nominating Chairman,                                                    Belsten, Paul Petch(2), Norman G.
was called to the floor to present nomina-   Roger presented brochures and an over-
                                             printed Canadian Tire coupon to the         Gordon(4), Jim Heifetz(4), Bob Porter,
tions for the following offices:                                                         Len Kuenzig, Roger Fox(2) and Avner
President: Bob Wilson who accepted. No       young people present. These were also
                                             given out to the members present.           Bar-Moshe. The draw run by Roger Fox
            further nominations were                                                     with Albert Kasman selling tickets
            made.                            Rather than discuss his huge display,
                                             Roger offered to answer any questions       brought proceeds amounting to $29.00.
1st Vice: No nominations were pre-                                                       Many thanks to Rick Craig, Len Kuenzig
            sented or offered from the       while the refreshments he had prepared
                                             were being enjoyed. The members were        and Albert Kasman for their donations.
            floor.
2nd Vice: Albert Kasman who accepted.        justifiably proud of Roger’s efforts and
                                             it was with great pleasure that Paul pre-   An Application for Membership has been
            No further nominations were                                                  received from Avner Bar-Moshe of North
            made.                            sented him with a Certificate of Appre-
                                             ciation.                                    York. If accepted his number will be 515.
Secretary: Lucille Colson who accepted.
            No further nominations were                                                  There being no further business the meet-
            made.                            The auction ably run by Bob Porter
                                             earned $12.50 in commission and dona-       ing closed at 9:45 p.m.
Treasurer: Len Kuenzig who accepted.
            No further nominations were      tions.
            made.
Directors: Roger Fox, Rick Craig and
            Vince Chiappino all of whom
            accepted.

The Slate of Officers will be formalized
at the next meeting. The Chair thanked
Paul and Norm Belsten for their hard
work.

At the recent Executive meeting the
Xmas Party was planned and Len is ready
to take reservations. The yearly donation
of $50.00 was made to the J. Douglas
Ferguson Foundation but the NESA do-
nation was raised to $100.00 in honour of
Harvey Farrow.

The Chair listed the recent shows. He,
Bob Wilson, Brian See and Roger Fox
attended various ones.
North York Coin Club Bulletin, January 2002                                                                             Page 3


                                                         Meeting News from the December 11 Meeting

 The 469th meeting of the North York         the refreshments and Jean Orr, May         O’Brien, Vince Chiappino, Mark Lane,
 Coin Club was held on Tuesday, De-          Bunnett, Doris Wilson, Marg. Fox,          Ellie Heifetz, Mark Argentino(2), Len
 cember 11, 2001 at the Edithvale Com-       Sandy Craig, Ellie Heifetz, Norman G.      Kuenzig and Jean Orr. The draw, run
 munity Centre, 7 Edithvale Dr., Wil-        Gordon, Lyan See, Marco Farronato,         by Roger Fox with Albert Kasman sell-
 lowdale, Ont.                               Paul Petch and Lucille Colson for their    ing the tickets, brought proceeds
                                             donations to the buffet                    amounting to $36.00. Many thanks go
 Last minute eye problems prevented the                                                 to Albert Kasman for his $10.00 phone
 President, Paul Petch, from attending       Len Kuenzig suggested the club send a      card donation.
 this meeting. This led to considerable      plant to Paul with all best wishes for a
 consternation and confusion. However,       speedy recovery. Carried. (Editor’s        The meeting was turned over to Bob
 eventually, calm prevailed and Past         note: It was received and was a much-      Wilson to run The AHA! Christmas
 President Ron Zelk was able to open         appreciated surprise.)                     Trivia Quiz provided by Paul Petch. No
 the meeting at 7:30 p.m.                                                               one faired very well but everyone had a
                                             May Bunnett very generously donated        great time and had many laughs with
 The On Time Attendance Draw for             thirty-five bundles of numismatic book,    the answers.
 $4.00 was won by Lucille Colson             journals etc. for the festivities. Mem-
                                             bers were allowed to select one when       In Paul’s stead, Ron wished everyone a
 The Swiss Chalet food had arrived and       their Gift Exchange and Lucky Draw         Merry Christmas and a Happy New
 the buffet table was all set up with sal-   numbers were drawn. Ron Zelk ran the       Year and welcomed Bob Wilson as in-
 ads, pickles, sweets, coffee, pop and       Gift Exchange.                             coming President. The Executive were
 juices so everyone dug in for a great                                                  reminded of the January 8, 2002 meet-
 feast. We wish to thank the following:      Lucky Draw winners were: Marco Far-        ing There being no further business the
 Ron Zelk for picking up and delivering      ronato(3), Marg. Fox, Doris Wilson(2),     meeting closed at 9:25 p.m.
 the hot food, Roger Fox for setting up      Ron Zelk(2), David Giannone, Terry




                                                                                            Question of the Month


 The January Question of the Month challenges you to
 describe what a coin or medal of the “vis-à-vis type” is.

 We tried something a bit different for our Question of
 the Month at the November meeting. The piece pictured
 at right showing “The ancient art of coin striking” was
 donated to the Club by Bill McDonald who could not
 recall where it came from or what its background might
 be. The person who was able to suggest the best identi-
 fying information would win it for their collection!

 Rick Craig correctly identified it as one of a series of
 different themes originated by Kenneth Reynolds and
 made by Orleans Medalarts, USA. It is a part of a series
 produced over a number of years. A medal in the same
 series for Albert Einstein was produced in 1980. Rick
 won the piece, but he promptly donated it as a draw
 prize. Your editor got lucky and is now giving it a good
 home!
Page 4                                                       North York Coin Club Bulletin, January 2002

 Banknotes Only A Eurocrat Could Love
 by David Olive

 It was three years ago in the January,                                          more than 300 million Europeans
 1999 issue of the North York Coin                                               can embrace with enthusiasm.
 Club Bulletin that an article on the
                                             The designer scanned famous
 coming Euro currency first appeared.        landmarks into his computer, then   Coins and folding money are the
 With the passing of New Year’s eve,         blended them                        stuff of everyday life and a far
 the coins and paper notes described in                                          more powerful expression of
 that article have entered circulation,      Faceless and placeless euro         Europe’s experiment with unifica-
 displacing some very old European                                               tion than any thousand policy pa-
 currencies. This article takes a critical
                                             notes are designed to offend no-    pers, directives and edicts from
 view of the designs that have been se-      body                                the European Union’s bureau-
 lected for the new series of notes.                                             cratic brain trust in Brussels.
                                                                                 Jacques Rueff, a former deputy
 Take a look at the new euro banknotes                                           governor of the Bank of France,
 introduced last week and you under-                                             understood that back in 1950
 stand why the Brits, Swedes and Danes                                           when he said that “Europe will be
 are holdouts to the biggest currency                                            united by its money or it will
 conversion in history.                                                          never be made.”

 The notes are faceless and placeless.                                           By now, there’s a certain inevita-
 While the new euro coins, also                                                  bility to a pan-European currency
 launched last week, display familiar                                            accepted as legal tender from
 scenes, symbols and historical figures                                          Cork to Moscow — a lesson for
 unique to France, Germany, Italy, Spain                                         Canadians who might someday
 and the other eight members of the new                                          have to contemplate life without
 “euro area,” the banknotes bear no trace                                        the loonie. The past few days
 of national origin — a requirement                                              have seen a surprising ump in
 made of the designer by a Eurocracy                                             support for the euro in Britain,
 that’s scared stiff of irking one nation                                        where people are beginning to
 by appearing to give prominence to an-                                          grasp that clinging to sterling is
 other. The result is a first in the realm                                       tantamount to surrendering Lon-
 of stamps, coins and paper money — a                                            don’s status as a financial capital
 culturally neutered currency. And it’s                                          to Frankfurt.
 God-awful.
                                                                                 Then again, most Brits have yet
 Make no mistake, a single currency that                                         to clap eyes on a euro banknote,
 helps bind countries to one another is a                                        an experience sure to dismay any
 good thing for a continent whose Intra-                                         lover of European culture.
 mural disputes produced two world
 wars in the past century. And the sooner                                        Bland uniformity guides every
 that central and Eastern European na-                                           aspect of EU practice and the
 tions get swept into the 12-member                                              new currency is no exception.
 zone where local currencies were re-                                            Participants in the design compe-
 placed by the euro on Jan. 1, the better.                                       tition for the euro were prohibited
                                                                                 from using any recognizable
 Half a century in the making, European                                          buildings, monuments, natural
 unity is a project whose first great                                            wonders or heroes on the new
 champion, Jean Monnet, worked in                                                money. No Black Forest or Lake
 Western Canada in his youth and was                                             Como. No Eiffel Tower or
 inspired by the cooperative governing                                           Bridge of Sighs. No Rembrandt
 arrangements among Ottawa and the                                               self-portrait or Madame Curie in
 provinces. But true harmonization of                                            her lab.
 European trade, defence and cultural
 policies is still a work in progress,                                           “The idea was to create a feeling
 partly for lack of unifying symbols that                                                        (Continued on page 5)
North York Coin Club Bulletin, January 2002                                                                                  Page 5
 (Continued from page 4)                     It’s no wonder that French people this       global icons. Do Californians object
 of commonality, of belonging,” said         week are erecting metal-sculpture            that the Lincoln Memorial on the U.S.
 Robert Kalina, the engraver at the Aus-     shrines to the discontinued franc, and       $5 bill pays tribute to a son of Kentucky
 trian National Bank who won the de-         Italians have filled more than one town      who practised law in Illinois? The tulips
 sign competition. I worked hard so that     square with papier-mâché statues             that blossom each spring in Ottawa are
 either an Italian or a Frenchman could      crafted from lire. Their new currency is     a perennial reminder of our affection
 look at the Gothic windows on the           lifeless, depicting no people, animals or    for Holland. But the guilder and its flo-
 20-euro note and say, ‘That could be        plants. The window images are no bet-        ral motifs, often said to have been the
 here in France,’ or, ‘That could be here    ter than the bridges, giving the eerie       prettiest currency in circulation, are
 in Italy.’ “                                impression of deserted buildings.            now history; and tulips and other flora
                                                                                          and fauna representative of specific na-
 Kalina limited himself to win-                                                           tions are verboten on Europe’s new cur-
 dows, bridges and a splotchy                                                             rency.
 map of Europe to suggest the
 euro as “a link to the future.” But                                                      The depressed value of the Canadian
 Kalina’s windows and bridges do                                                          dollar has prompted some business
 not exist in real life. He scanned                                                       leaders and economists to muse about a
 images of the Pont Neuf in Paris,                                                        similar inevitability of a common North
 the Rialto bridge in Venice and                                                          American currency — a dreaded
 hundreds of other European                                                               “amero.” For now, Canada’s $ 10 bill is
 bridges into his Apple Macin-                                                            instructive about our shared experience
 tosh. From those images, he                                                              in this part of the world. It depicts Scot-
 fashioned a series of “European”                                                         tish émigré John A. Macdonald as the
 bridges for the seven-euro notes,                                                        leader of a nation of immigrants. Be-
 obscuring the images that he had                                                         hind him, the Gothic elegance of the
 drawn upon, to the point of re-                                                          Parliamentary library is symbolic of our
 moving each real-life element                                                            architectural evolution. And soldiers
 pixel by pixel. “Hopefully,” said                                                        standing guard at a memorial arch are a
 Kalina, “no one will recognize                                                           reminder of national sacrifice and com-
 the old places” that went into the                                                       mitment to international peacekeeping.
 final pastiche.
                                                                                          Currency is among the most familiar
 The maps that appear on each                                                             and certainly the most tactile, expres-
 banknote have won the new cur-                                                           sions of a community’s values. The
 rency some fans. “Europeans                                                              Eurocrats might well have imposed a
 will be able to point to their                                                           prohibition on aggressors Charlemagne
 hometown to anybody who                                                                  and Napoleon. But what a lively debate
 asks,” says a contributor to Be-                                                         they have foreclosed in denying Italians
 yond the Polder, a Web site for                                                          the opportunity to decide whether
 Dutch travellers. “Americans can                                                         Michelangelo, or Leonardo da Vinci
 quickly be told, ‘No, Amsterdam                                                          would be the first to represent Italy to
 is not the capital of the Alps,                                                          Europe.
 see?’ She adds, however, that, “The
 50-euro bill looks drab with its hesitant   By opting for sterility, the EC currency     As in Europe, a currency union on these
 am-I-orange-brown-or-not? attitude.         czars have engaged in a sort of nihilistic   shores would have its merits. Indeed,
 And the 5 euro bill looks like a lottery    rejection of the Western world’s great-      it’s not difficult to envision a global
 ticket.”                                    est storehouse of symbolic treasures. It     currency (the “worldo”?) But let’s hope
                                             seems not to have occurred to Brussels       we shun the Eurocrats’ example of
 Kalina has succeeded all too well in        that undue prominence for any one            mounting the largest exercise in politi-
 developing images that will seem            country could be avoided with a system       cal correctness ever perpetrated on peo-
 vaguely, but only vaguely, familiar to      of rotating images. Why not Goethe on        ple whose very definition is their in-
 Belgians and Spaniards - and to com-        the 50-euro note for three years, then       comparably rich cultural heritage.
 muters on the Don Valley Parkway            Antoni Guadi’s Church of the Holy
 who, when passing under the Bloor St.       Family, then a Brittany village scene?       This article appeared in the Wednes-
 viaduct, are looking up at a bridge not                                                  day, January 9, 2002 issue of the Busi-
 dissimilar from the one that appears on     Neither do they understand that Racine,      ness section of the Toronto Star.
 the new 100-euro note.                      Gutenberg, Notre Dame cathedral and
                                             Lake Geneva are pan-European, indeed,
Page 6                                                               North York Coin Club Bulletin, January 2002
 Numismatics And Insects                                                                  changes included the development of
                                                                                          medals and tokens]. However, insects
 by Dr. Kirby Brown,                                                                      never regained the prominence they
 San Joaquin County Agricultural Communications Office                                    achieved in classical Greek coinage and
                                                                                          art. Their appearance on true coins is a
While Aristotle was studying the living        insects are small, incongruous elements
                                                                                          rare event until the present day. Fewer
world, including insects, other Greeks of      of coin designs and are thought to be
                                                                                          than 100 different coin types in the last
the ancient world were probably collect-       symbols of families or local rulers re-
                                                                                          five centuries have pictured insects. Only
ing coins of their ancestors. The study of     sponsible for the minting of the coins.
                                                                                          in the last few years with the developing
insects and of coins are probably equally      There are somewhat over 300 types of
                                                                                          craze for topical coins have several coun-
ancient. The direct link between the two       ancient Greek coins picturing insects
                                                                                          tries issued coins picturing insects. These
seemingly unrelated fields is even more        and arachnids.
                                                                                          are related to wildlife conservation
ancient.
                                                                                          themes. Similarly, insects are recent ele-
Among the                                                                  The decline
                                                                                          ments of some paper money.
very      first                                                            of      the
true coins,                                                                G r e e k
                                                                                          While true coins have been a rather infre-
little lumps                                                               power and
                                                                                          quent medium for entomological themes,
of electrum                                                                the rise of
                                                                                          medals and tokens have been varied and
(a     natural                                                             the Roman
                                                                                          rich. These objects are not subject to the
mix of gold                                                                Republic
                                                                                          bureaucratic restraints of coins and are
and silver)                                                                and Empire
                                                                                          often highly original and artistic. They
issued in the                                                              saw a de-
                                                                                          often have a propaganda purpose. By far
late seventh                                                               cline in the
                                                                                          the most frequent theme has been a bee-
century B.C., are ones picturing beetles,      place of insects on coins. No Roman
                                                                                          hive and honeybees. Even after the inven-
bees, and scorpions.                           coin has an insect as a principle design
                                                                                          tion of the modern wood beehive, the old
                                               element; however, insects are frequent
                                                                                          straw skep continues to be depicted on
Numismatics is the study of coins, cur-        as small symbols on coins of the Ro-
                                                                                          medals and tokens. The message is usu-
rency, medals and tokens. In recent years,     man Republic before 44.B.C. About
                                                                                          ally “industry has its sure rewards” as
collecting by “topic,” has become popu-        200 types of Roman Republican coins
                                                                                          appears on an 18th Century British trade
lar. Collectors specialize in animals,         picture insects. The
                                                                                                            token The beehive is
ships, famous persons, etc. It is only natu-   coming of the Roman
                                                                                                            part of the coat-of-arms
ral that a few devoted individuals have        Empire after Julius
                                                                                                            of Utah and often ap-
pursued an entomological bent. Using the       Caesar represents the
                                                                                                            pears on medals and
broader concept of entomology, arach-          almost total disappear-
                                                                                                            tokens of that State.
nids may be included.                          ance of entomological
                                                                                                            Since ancient times, the
                                               subjects on coins. A
                                                                                                            butterfly has been a
The ancient Greeks produced the most           few of the Roman
                                                                                                            symbol of death and
artistically beautiful coins ever seen.        colonies in former
                                                                                                            resurrection. It appears
These miniature masterpieces pictured          Greek areas pictured
                                                                                                            on medals relating to
gods and goddesses, mythological scenes,       scorpions, an occa-
                                                                                                            the death of kings and
portraits and animals including insects. In    sional coin from Ephe-
                                                                                                            other famous people.
some cases the insect was a principle part     sus still pictured a bee,
                                                                                                            Grasshoppers are shown
of the design. Entomological subjects in-      and some zodiac coins
                                                                                          on several German medals relation to
clude bees, beetles, butterflies, cicadas,     from Egyptian Alexandria included a
                                                                                          plagues of locusts at different times. Ants
ants, grasshoppers, and preying mantises.      scorpion. After about 200 A.D. the en-
                                                                                          appear on bank tokens as a symbol of fru-
                                               tomological eclipse was almost total.
                                                                                          gality. There is an incredibly large variety
In some cases the reason for depiction of      For 140 years until the 16th Century,
                                                                                          of insect and arachnid depictions on med-
an insect is easy to discern. For example,     the blackout continued. Only some ob-
                                                                                          als and tokens. To date over 2000 differ-
the honeybee was a sacred symbol of Ar-        scure lead pilgrim’s tokens from the
                                                                                          ent medals and tokens may be counted in
temis whose centre of worship was Ephe-        12th Century found in Turkey, Break
                                                                                          this category. With increasing interest in
sus. The honeybee appeared as the main         this pattern. They are probably from
                                                                                          the environment, entomological themes
design element on Ephesian coins for al-       Ephesus and picture a crude bee.
                                                                                          in numismatics are bound to increase in
most six centuries. In other cases the in-
                                                                                          numbers, variety and artistic quality.
sect may have a mythological connota-          The Renaissance that started in the 15th
tion. For example, a grasshopper on the        Century had a profound effect on coin-
                                                                                          Reprinted from the Cultural Entomology
back of a lion being strangled by Hercu-       age. After over a millennium of relega-
                                                                                          Digest, June 1993
les may be a double reference to Hercu-        tion to a utilitarian medium of ex-
les’ battle with a lion and to his freeing     change, coins once again became out-
Mt. Oeta of locusts. Other depictions of       lets of creative expression. Other
North York Coin Club Bulletin, January 2002                                                                                 Page 7

                                    Numismatic Clippings from Journal of Commerce, Montreal
                                                                                             Contributed by R. J. Graham

 Volume 37 of the Transactions of the           NEW COIN                                    NEW ONE CENT COIN - 1876
 Canadian Numismatic Research Society
 for the year 2001 have just been pub-          “A new silver coin has just made its
 lished. Scanning the document, your            appearance which is likely to cause
 editor sees many articles of interest to       some inconvenience owing to its ap-
 the token collector and history enthusi-       proximation in size to two current Ca-
 ast, but very little to interest the collec-   nadian coins, viz., the twenty-five and
 tor of Canadian decimals. One happy            twenty cent pieces. It is an American
 exception to this statement are a set of       twenty-cent piece not quite as large as
 three clippings taken from the Journal         our twenty-cent coin and not as heavy.
 of Commerce of Montreal during the             Another difference between it and our
 later half of the 1870’s. These clippings      twenty-cent piece in general appearance
 provide interesting insight to the circu-      is that it is not milled. By the exercise
 lating coinage of the day.                     of about the same amount of vigilance
                                                that is now necessary to distinguish be-
 BASE COPPER COIN                               tween our twenty-five and twenty cent
                                                coins any one may easily avoid taking it
 “We observe that the Quebec Chamber            for the latter. Of course like all other
 of Commerce has been representing to           American silver coins it is subject to      The Government has caused to he
 the Minister of Inland Revenue that the        discount in this country.”                  struck for circulation in the Dominion a
 Dominion Government should take                                    20 August 1875, p 17    new bronze cent. The effigy of the
 steps to remove from circulation the                                                       Queen, with the words “Victoria Dei
 base copper coin, the circulation of           (Note: The Journal was not quite cor-       Gratia Regina, Canada” is on the ob-
 which is unquestionably a nuisance. It         rect—the American 20¢ piece, while          verse, and on the reverse the words
 is very questionable, however, whether         slightly smaller in diameter than its Ca-   “One Cent” with the date 1876, within a
 it is in the power of the Dominion Gov-        nadian counterpart, was heavier and         beaded circle, surrounded by a wreath
 ernment to afford any relief under the         contained almost a fifth of a gram more     of maple leaves. These coins are legal
 circumstances. This is a very different        pure silver.)                               tender to the amount of twenty-five
 case from the American silver, which                                                       cents in any one payment.
 was not only a Government coinage but                                                                           22 Dec. 1876, p 519
 also a legal tender in the United States,
 and which obtained general circulation
 in Canada under very exceptional cir-
 cumstances. As to the base copper in
 Quebec the remedy is simple: The pub-
 lic have only to refuse to take it. It may
 be that all that is desired is to procure a
 supply of good copper coins, which
 would be a very easy task, and one that
 any of the banks would probably under-
 take. We cannot help thinking that Que-
 bec would like to be relieved of its base
 coin at the cost of the Treasury, which
 would be a very dangerous precedent to
 establish.”
                      21 June 1878, p 549.

 (Note: this article is undoubtedly mak-
 ing reference to the many copper tokens
 which continued to circulate because of
 the shortage of Canadian large cents.
Page 8                                                                                      North York Coin Club Bulletin, January 2002



         January Meeting Auction List
                                                                                                          Starts at
         1) A nearly complete set of Canadian Numismatic Association Journals from 1956 to
            1993, property of C.N.A. Past President Dr. John Wilkinson. Approximately a dozen
            issues are missing. A donation auction lot for the club from Alice Wilkinson. .................$200.00
         2) A section of the above lot if it is unsold. If no bid for the entire lot of Journals is
            made, then the years 1956 through 1962 inclusive are offered. The total estimate for
            these years is $100.00 .........................................................................................................$25.00
         3) Two-volume set of Canada's First Bank, a history of the Bank of Montreal. Printed in
            1966, over 900 pages hardbound in slipcases. Condition excellent. Estimate $80.00
            Donation to the club by Ted Boxall. ...................................................................................$25.00
         4) Newton, Iowa scrip notes issued in 1957 for the town Centennial. $1, 5, 10, 20, and
            50 dollar denominations. Donation to the club by Ted Boxall. ............................................ $2.00
         5) Catalogue of Sudbury Numismatics by Jeff Fournier. 81 pages illust. Estimate $10.00
            Donation to the club by Ted Boxall. .................................................................................... $2.00
         6) Lot of 4 silver coins: Mexico 1906 50 centavos VG/F, Netherlands 1959 2 1/2 G. VF,
            Australia 1 Florin 1951 VF, Italy 1863 1 Lira VG. Donation to the club by Ted Boxall. .... $5.00
         7) Coins Tokens and Medals Of the Dominion Of Canada by Alfred Sandham, 1869. 72
            pages, reprint of 1962 by Regency Coin. VF. Estimate $20.00 ........................................... $5.00
         8) Complete two volume set, hardbound: Humphrey's Coin Collector's Manual from the
            Bohn's Reference Library Series (England) on various subjects. Fine condition; cov-
            ers worn but spine intact. Published in 1880. Must be viewed to be appreciated. Esti-
            mate $30.00 ........................................................................................................................$15.00
         9) Money of the World by Richard G. Doty —240 pages, richly illustrated in colour and
            black and white. Hardcover with dust jacket in very good condition. This is a survey
            of coins and paper money from their invention up to the present day. Originally pub-
            lished at $30US. Estimate $20.00........................................................................................$10.00




                                                                                                                                     Listed Auctions
                                                                                                                  Bring any material you would like to
                                                                                                                 sell by listed auction in February to the
                                                                                                                 November meeting and give it to Rick
                                                                                                                 Craig. The items should be presented
                                                                                                                 for consideration in person in an
                                                                                                                 ordinary envelope showing your name,
                                                                                                                 phone number and your estimated value
                                                                                                                 (i.e., reserve bid). Rick is assisting us
                                                                                                                 by assuring consistent descriptions of
                                                                                                                 quality and by pegging fair starting
                                                                                                                 amounts for the listing in the bulletin.

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:51
posted:9/16/2011
language:English
pages:8