ECI Newsletter 

April ~ May ~ June 2008

ECI Store - the Wrangler - ShowCase - WebMaster - Letter To The Editor

Elaine Rexdale #94 Editor

EDITOR'S NOTES

~Dear Fellow Collectors, I took my husband to a coin show in Clifton, New Jersey this past month. It was his first! He’d read the announcement about the show in Numismatic News so he had one foot in the car and was ready to go. His given objective was to find a few small gift items for his grandchildren. Coins seemed an appropriate choice since he’s been giving them the State quarters. He was on a mission.

We entered a busy armory filled with the hub-bub activity of the show. A slow and methodical trip around the tables was in order. First the outside rows and then the inside rows. Nothing should be missed. Under consideration was the silver Walking Lady Liberty dollar. And??? What else??? After agonizing over which item(s) to purchase he decided the Walking Lady Liberty would be just right. Then he spotted some electroplated State quarters. He had to have some of those and to top it all off he found some nickels he needed too. While he’s definitely not an experienced collector he’s figured out the grandchildren get immense pleasure from these coins. One writes him a thank you letter every time she receives a different coin…. she’s our numismatic future.

In addition to seeing some very interesting displays we met some very interesting people. It was great to see parents attending the show with their kids. And it was great to see that the kids had no problem getting busy looking over various coins. They knew what they wanted and appeared to be avid collectors. It was a very laborious decision for one young chap as he weighed the merits (and cost) of one penny over another. It was clear that while he too had a mission his budget was a big consideration. Eventually he was able to make the big decision when his father assured him that they would be able to come to the show again.

In the meantime, I was on my own mission. I was searching for encased coins. I was taking a survey on who had what…and what do you think I found out? No one had any encased coins. Here I was at a huge show and there wasn’t a single encased piece to be found. I’ll bet you’ve had a similar experience. What a disappointment. What did we ever do before eBay and ECI? It must have been pretty slim pickin’s!

We’re going back next month just for fun and who knows what treasures we’ll find. In the meantime I’m preparing my ECI information to share with the dealers. As the New York State Lottery Motto goes, “Hey, you never know” who might be out there in the encased coin wilderness waiting to find ECI.

In the meantime, keep your eyes open for the new encased pieces coming from Penny Press Mint. The grapevine has it we’ll see some encased half dollars soon. 

...Contributions needed for the 3rd quarter newsletter...

~LET US KNOW HOW WE'RE DOING. If you have comments or observations to contribute about any portion of this please let me know. Of course you are always invited to send me anything for publication that may be of general interest to our members. Elaine

~ LETTER TO THE EDITOR ~

~Hi Elaine, Heh, I got a good laugh out of the story you have in the current ECI newsletter on your membership in the Mighty Mouse club! I thought maybe I was about the only kid in the universe who actually was "into" mighty mouse. In retrospect, it was pretty dumb. :-) However, I believe it was on television, and when I stayed at my grandmother and grandfather's house as a child, the little tiny corner grocery store down the block, was so small and "low tech" that it didn't carry the big name comics like Disney's Mickey mouse, or Donald Duck, Superman, etc., but rather they had a big selection of Mighty Mouse, and assorted comic that must have been much cheaper.

Anyway, if you guys are looking for suggestions, for improving the ECI newsletter...how about making names of the authors of the various articles "clickable emails" if you know what I mean. Rather than having to go back to the ECI site and find an email for someone, you could just click on the authors name to send comments, kudos, etc. I always enjoy your articles. I also get a kick out of the jokes on the ECI newsletters, as sometimes, a good chuckle sure makes life more fun. Life is hard enough as it is. :-) Thank you for your continued hard work for ECI, I do enjoy your writing. best wishes, Jerry Adams #334.

NEW MEMBERS

Robert D. Schopp #428 - David Barth #429 - Carlo De Rensis #430 - Tom Hollywood #431 - Marlyse Hansemann #432 - Mike Pellerin #433 - Lawrence Freeman #434 - Paul A. Johnson Sr. #435 - Marvin Emas # 436 - Vincent Contessa #437 - Alan V. Weinberg # 438 - Michael O'Boyle #439 - Philip P. Banaszak #440 - Warren Jackson #441 - Mike D. Hayes #442 - Megan Plauger #443 - Brenton vonRheinegger  #444 - David Nations #445 - Ralph Evans #446 - William A Hussey #447

~Members recruiting new members this quarter Cecil Starcher #01 9 - Elaine Rexdale #94 4 - Jerry Ferrell #93 4 - Steve Swingenstein #123 1 - Chuck Berger #02 1. Pennsylvania has taken over the lead with32 members shifting California to second with 32 members. Florida continues hold a tight grip on third at 26 members - Ohio stays in fourth place with 19 with Illinois in 5th place with 17 members. States with 0 members: Alaska - Delaware.

JOHN'S ATTITUDE  as told by Cecil Starcher #1

~John is the kind of guy you love to hate. He is always in a good mood and always has something positive to say. When someone would ask him how he was doing, he would reply, 'If I were any better, I would be twins!'

He was a natural motivator. If an employee was having a bad day, John was there telling the employee how to look on the positive side of the situation. Seeing this style really made me curious, so one day I went up and asked  him, 'I don't get it! You can't be a positive person all of the time. How do you do it?' He replied, 'Each morning I wake up and say to myself, you have two choices today. You can choose to be in a good mood or ... you can choose to be in a bad mood. I choose to be in a good mood.' Each time something bad happens, I can choose to be a victim or...I can choose to learn from it. I choose to learn from it. Every time someone comes to me complaining, I can choose to accept their  complaining or... I can point out the positive side of life. I choose  the positive side of life.

'Yeah, right, it's not that easy,' I protested.

'Yes, it is,' he said. 'Life is all about choices. When you cut away all  the junk, every situation is a choice.. You choose how you react to  situations. You choose how people affect your mood. You choose to be in a good mood or bad mood. The bottom line: It's your choice how you live your life.'

I reflected on what he said. Soon hereafter, I left the Tower Industry to start my own business. We lost touch, but I often thought about him when I made a choice about life instead of reacting to it. Several years later, I heard that he was involved in a serious accident, falling some 60 feet from a communications tower. After 18 hours of surgery and weeks of intensive care, he was released from the hospital with rods placed in his back. I saw him about six months after the accident. When I asked him how he was, he replied, 'If I were any better, I'd be twins...Wanna see my scars?'

I declined to see his wounds, but I did ask him what had gone through his mind as the accident took place.

'The first thing that went through my mind was the well-being of my soon-to-be born daughter,' he replied. 'Then, as I lay on the ground, I remembered that I had two choices: I could choose to live or...I could choose to die. I chose to live.'

'Weren't you scared? Did you lose consciousness?' I asked

He continued, '..the paramedics were great. They kept telling me I was going to be fine. But when they wheeled me into the ER and I saw the expressions on the faces of the doctors and nurses, I got really scared. In their eyes, I read 'he's a dead man'. I knew I needed to take action.'

'What did you do?' I asked.

'Well, there was a big burly nurse shouting questions at me,' said John. 'She asked if I was allergic to anything 'Yes, I replied.' The doctors and nurses stopped working as they waited for my reply. I took a deep breath and yelled, 'Gravity'.' Over their laughter, I told them, 'I am choosing to live. Operate on me as if I am alive, not dead.'

He lived, thanks to the skill of his doctors, but also because of his amazing attitude... I learned from him that every day we have the choice to live fully. Attitude, after all, is everything .Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.' Matthew 6:34. After all today is the tomorrow you worried about yesterday.

 eBay ACTION with Steve Swingenstein #123

This 1909 Noyes-Norman Shoe Co. from St. Joseph Missouri sold for $139.50. There were 14 bids from 7 bidders. yoclock won the piece. The seller was bosattic.   1910 good for 12 1/2 cents. Milwaukee Saloon located in Butte Montana. Sold by tokenhunt for $127.50. Winning bidder was BT3764. 18 bids from 10 bidders.

 

 

Fankhauser Dime went for $12.27.  Only 2 bids and the winner was midnitesurfer.  seller was bosattic 

This 1901 Neil Burgess 5 cent Cigar encased sold for $77.00. There were 9 bids with 7 bidders. The seller was medalsman and the successful bidder was yoclock.

This piece entertained 21 bids between only 2 bidders. It was successfully won by yachtbrokerage for $201.00. Advertised as a Wheeling West Virginia piece which it is not.

  Rare Fankhauser Piece. Otis BOBCO 1961 encased Panama Centesimo. Only one bid on this piece and it sold for $5.00. Winning bidder was 3huddart3. Seller was bosattic.

 

1908 Grays Casino White Lake NY. 15 bids with 10 bidders. Sold for $261.87 sold by mrdick03 winner bt3764

 INQUIRIES TO ECI'S ANSWER MAN by  Jim Lawniczak #17

~Terry asks: " I am looking for info on American Wall Paper & Paint Co, Hartford, with a 1949 Cent. Also Franklin Gas Connecticut Tercentenary with a 1935 Cent." ANSWER "I don't think I've ever heard of the American Wall Paper piece.  I don't have one.  You could look on the ECI website in the Connecticut listing.  The Franklin Gas piece is pretty common - you see it come up on eBay quite a lot.  The best way to watch for these s to go on www.ebay.com at least once a week and do searches that hopefully will find them.  Also, I think you can go on eBay and put in searches and will find them.  Also, I think you can go on eBay and put in searches and ask eBay to email you if something comes in."

~Rhonda asks: "I have a 1912 encased Bob Harpers 1912 penny. Can you tell me what the value is?" ANSWER  "Sorry, Rhonda, I've never heard of this encased piece.  Can you send me a Sorry, Rhonda, I've never heard of this encased piece.  Can you send me a scan?  Is it a real encased cent, with the cent in the middle of the aluminum frame, and the advertising on the aluminum?  I am a bit skeptical as the 1912 cent in an encased piece is extremely rare -- the common cent used in 1912 was the 1912D."

~Jerry asks: "Jim, what are your thoughts about the possibility of creating a rarity rating system for encased similar to tokens? If so, how would you recommend it be structured?" ANSWER "I've always had trouble with this idea.  For encased pieces, it's because I have no idea how many of any piece there really are.  I don't see how I can even fairly guess.  Even on some pieces that I've never seen, I can't be sure there aren't many pieces out there that I don't know about.  I think there were a lot of "leftovers" of many encased -- example, I still have there were a lot of "leftovers" of many encased -- example, I still have about 200 of my Lawniczak encased I haven't been able to get rid of.  I suspect many merchants were the same.  If someone ever comes across that hoard in their estate, bingo, there could be a flood!"

~Steve asks? "My Mom has an encased coin (mirror on one side) that says "Berman's Fur Shoppe" (of Chicago IL) and has a 1926 penny in it. Are these very rare? Any idea how many were made? Value in today's market, if any? Thanks for your info." ANSWER "Steve, these encased mirrors seem to be selling for higher prices today then they did a couple years ago.  If the piece is in nice condition without they did a couple years ago.  If the piece is in nice condition without problems, then I would think a value of $60 to $100 or so would be likely. The market for encased pieces is thin, however, and this leads to swings in what pieces sell for.  If two people really want a piece, they can bid it up to very high levels.  I don't know how many were made of each piece, I'd suspect a mintage of around a couple hundred to a thousand.  Most have not survived or are not in a place where they will be found and sold to collectors."

~Daniel asks: "I am new to this hobby. please tell me if it is difficult to place or remove a coin from an aluminum case." ANSWER "It is very difficult to place a coin back n an aluminum case that doesn't have one.  This is because the cent is affected by the encasement making process, and if you try to put in a cent that wasn't affected by the encasement making process, it is usually too small in some area and won't fit in perfectly tightly.  On the other hand, it's not that hard to get a coin out.  If you work the aluminum by bending it slightly (and aluminum is very pliable), eventually you'll be able to work the coin out.  But why would you ever want to do that?  It would just ruin a good encasement and leave you with a fairly worthless coin as well. Remember that the coins are affected by the encasement process, so the coin  that you get out, even if it is a numismatically valuable coin, will be viewed as a damaged coin.  In fact, the grading services even put the designation, lucky cent coin on them and won't give them a normal grade."

E-CUBED By: Elaine Rexdale #94

~With winter at my back, my husband and I headed in search of sunshine by way of the Royal Caribbean Cruise Line. With the Caribbean Islands nearly in sight, I loaded a small bag of encased coins into my luggage and headed out.

It’s Monday’s stop, St. Kitt’s, and I’ve left the ship without my coins! Oh well, I’m on manana time anyway and tomorrow’s another day with another port and another chance.

It’s Tuesday’s island, Martinique. Today’s challenge is to find a call center so we can change our air reservation. We must have looked extremely ‘lost’ as we roamed the streets, map in hand, until an islander stopped his car to help. Now it was up to his French, our English, and basic sign language to get the job done. Eventually we got pointed in the right direction and with that I offered our newly found guide an encased coin as an expression of appreciation. He thought I was trying to pay him! Until my husband said, “Bon Chance.” With that, a huge grin spread across his face and he carefully examined the piece. Clearly we were on our way to becoming regular diplomats.

Eventually we found the call station and made that call to American Airlines. While my husband was attending to business, I was attending to “monkey business” and enjoying the uninhibited dance of an 8-year-old child as she danced in the waiting area. Wearing a pink blouse and maroon twirly skirt she dipped and turned and paused…ah, an opportunity for appreciation. Out came another lucky coin. She took it, smiled, and began her dance anew…this time using the encased piece as a prop. Held in her hands it moved through space to her own rhythm. Twenty minutes later as she left the call center with her mother, she turned, bespeckled, and gave me a knowing wink.

The best encased adventure of the trip took place in St. Lucia. Off the ship we came prepared to take a water taxi to Pointe Serafine. Along came the ticket seller. A substantial looking woman, a serious-minded business woman, who was definitely intent on collecting the $3 fee. She was all business collecting money until we offered her a lucky coin. At that point she was transformed into a small child. She’d never seen anything like the encased piece. We noticed others trying to buy water taxi tickets from her were left waiting….

Shortly thereafter two couples came running after us saying, “We heard you’re giving out lucky coins. Got any more?” (Wonder who told them!) I’m thinking to myself, do I got any more…are you kidding? You should see under my bed. But instead of all that, I offered each a bit of luck.

Then the most amazing thing happened. One of the men said he was going to us his as a part of the GPS Treasure Hunting that he did. What was that, I asked?

It turns out that some people with the GPS system (you know, that computer you buy to help you know where to turn in your car and that speaks to you) search for pre-hidden treasures boxes using the Internet published ordinates. Once found, the treasure box can be opened and a treasure can be removed. One rule is you must put a treasure in the box before leaving. That’s what this man is going to do with the encased coin I gave him. Who knows where it will end up and where it will go?

Visiting www.geocaching.com will give you many more details about this game as well as information about the special geo-coins (that are traceable using the GPS system) produced. You never know where an encased coin is going to show up!

NEW ENCASED

 PPM NO LONGER PROVIDES ECI WITH EXAMPLES OF NEW ENCASED TO PICTURE HERE.

 ~ Always Read The Fine Print

g

Always Read The Fine Print

Gary Eggleston
BellaOnline's Coin Collecting Editor

~You could be new to collecting coins or a veteran collector in search of that special coin. You come across a dealer's advertisement in a weekly issue of Coin World or a similar publication that may hold the key to adding to your collection.

However, in order to arrive at a competent decision, you have to know not only what the dealer's advertisement specifically outlines, but what it may not state in the allotted ad space. It's important to confer with the dealer who placed the ad for clarification.

First, there are two principal varieties of dealer advertisements in hobby publications - classified ads, which often appear in the back of a publication, as in the case of Coin World, and display ads, which are larger, descriptive ads that may appear with or without coin photos and are distributed throughout the publication.

Most advertisements will include appropriate contact information such as the name of the company, mailing address, telephone and fax numbers, maybe an e-mail address, and if there is an online Web site, the site URL.

A dealer's advertisement may also list professional numismatic associations, often reflected by inclusion of the respective associations' logos, such as those for the American Numismatic Association and Professional Numismatists Guild.

Advertisements may be placed to offer products for sale, but many also include solicitations to buy material from collectors. Advertisements typically not only include a description of the item being offered, but also may include a photo. It's important to note that if a specific coin is being offered, the photo should be of the exact coin you will receive following payment for the particular item.

However, a dealer's advertisement may offer generic coins as singles or in multiple lots, such as bullion coins or a Proof set. The photo used may just be to show the design or packaging option and likely will not be the exact item offered. It's crucial that you check with the dealer for clarification if there is any question about the coins being depicted.

Grading and pricing

The description for a coin usually will not only include the price being asked, but also the coin's grade. To economize on space, the grade generally will be reflected as an abbreviation, such as F-12, meaning Fine 12; EF-45, meaning Extremely Fine 45; MS-65, for Mint State 65; and so on.

If the coin has been graded by an independent, third-party grading service, that fact will be disclosed in the ad, often in the form of an acronym, instead of the full company name being spelled out, i.e., NGC MS-65, meaning the coin has been graded Mint State 65 in the opinion of the graders at Numismatic Guaranty Corporation of America. Some dealers offer only coins that have been graded by a third-party grading service. Others may offer only "raw" coins, where the grade assigned is in the opinion of the dealer. Some dealers offer both raw and certified coins.

The ads that include raw coins with a grade may state what standards were utilized when assigning the grade, be it the use of a grading guide such as Photograde by James Ruddy or the ANA Grading Guide, or the dealer's own interpretation of industry standards. That interpretation may differ from dealer to dealer, so it's important to check with the dealer for verification and clarification.

Additional adjectival descriptions such as "premium quality" are the opinion of the respective dealer, and premium quality in one dealer's ad may not match that description in another dealer's advertisement. Again, clarify such descriptors with the dealer. If there is no other indication of the grading service, it can be assumed that the grade stated is that assigned by the dealer; however, it's best to confirm that with the company. Coin World advertising policy requires advertisers to state in their ads what grading system they follow. Be sure to look for this information.

Of course, it would be beneficial for a collector to be acquainted with the various grading systems and guides followed in today's marketplace. While pricing is generally straightforward - a coin's price is what it stated in the advertisement - exceptions exist.

Some advertisements, particularly those for exceedingly rare coins where the acquisition price is deeper than most collectors' pockets, may state the asking price for a particular coin is "P.O.R.," or "Price on Request." The "Price on Request" tag is often placed on such coins to attract only those seriously interested in possibly acquiring them and having the financial wherewithal to buy such a coin.

Perhaps the biggest disclaimer placed in many ads is that which states: "All prices subject to change." Because of the time factor between when a publication is printed and mailed and when it eventually reaches a subscriber, the prices for some items may change according to demand and market volatility. This is particularly true with bullion items whose values often change on a daily basis based on the intrinsic value of the metal the items contain.
Similar information may be outlined in dealer's ads soliciting to buy numismatic material.

Dealer policies

It is crucial a buyer understand a dealer's return privileges, other policies and guarantees before making his or her purchase. A number of dealers will incorporate their entire list of company policies detailing shipping and handling costs, guarantees of authenticity, grading standards, return privileges, sales tax requirements and methods of payment accepted.

Shipping costs may be reflected as a flat fee or as a progressive fee based on the total cost of the order. Sometimes such fees are waived if the total value of the order exceeds a certain level. Some ads will state an unconditional guarantee of a coin's authenticity and allow for its return to the dealer in such cases.

Return privileges vary between dealers and the conditions under which a coin may be returned may differ. The dealer ad will often state the length of time in which a collector may return the coins for a refund. But it's necessary to determine with the dealer whether that return privilege means for any reason.
It's also important to know whether removal from the original holder in which the coin is shipped negates that return privilege.

It usually does, to protect the dealer from an unscrupulous buyer who "switches" a coin and then attempts to return a different coin than the one purchased. Dealers living in states where sales taxes are collected on coins and other numismatic sales will state the rate in the ads and to whom the tax applies - usually collectors who reside in the same state as the dealer from whom they are ordering.

Dealer ads will also often include the methods of payment that they will accept, such as credit cards and which ones, personal checks and money orders. The ad may also specify to where the dealer may or may not be able to ship items.

Understanding a dealer's terms will help to better ensure a smoother transaction for all parties involved and increase the possibility of return business for the dealer by the collector.

~ AND FINALLY with HP

                      LETTER FROM A FARM KID

                          (Contributed by Steve Hughes #215)

~Dear Ma and Pa, I am well. Hope you are.  Tell brother Walt and brother Elmer the Marine Corps beats working for old man Minch by a mile. Tell them to join up quick before all of the places are filled.  I was restless at first because you got to stay in bed till nearly 6 A.M. but I am getting so I like to sleep late.  Tell Walt and Elmer all you do before breakfast is smooth your cot, and shine some things.  No hogs to slop, feed to pitch, mash to mix, wood to split, fire to lay.  Practically nothing.  Men got to shave but it is not so bad, there's warm water.

Breakfast is strong on trimmings like fruit juice, cereal, eggs, bacon, etc., but kind of weak on chops, potatoes, ham, steak, fried eggplant, pie and other regular food,  But tell Walt and Elmer you can always sit by the two city boys that live on coffee.  Their food plus yours holds you till noon when you get fed again.  It's no wonder these city boys can't walk much. We go on "route marches," which the platoon sergeant says are long walks to harden us.  If he thinks so, it's not my place to tell him different.  A "route march" is about as far as to our mailbox at home.  Then the city guys get sore feet and we all ride back in trucks.

This will kill Walt and Elmer with laughing. I keep getting medals for shooting. I don't know why.  The bulls-eye is near as big as a chipmunk head and don't move, and it ain't shooting at you like the Higgett boys at home. All you got to do is lie there all comfortable and hit it. You don't even load your own cartridges. They come in boxes.

Then we have what they call hand-to-hand combat training. You get to wrestle with them city boys.  I have to be real careful though, they break real easy.  It ain't like fighting with that ole bull at home  I'm about the best they got in this except for that Tug Jordan from over in Silver Lake.  I only beat him once.  He joined up the same time as me, but I'm only 5'6" and 130 pounds and he's 6'8" and near 300 pounds dry.

Be sure to tell Walt and Elmer to hurry and join before other fellers get onto this setup and come stampeding in.  Your loving daughter, Carol.

 

 

 

Cecil Starcher

Bryan Ryker

Jerry Adams

Colin Goode

Barbara Walter

Rod Sell

Hossien Pheifeir

Gary Roessler

Joseph V. Kocian

James Kilcoyne

Kelly Finnegan

Lance Meade

Elaine Rexdale II

Elaine Rexdale I

Max Lynds

Robert Waters

Tony Chibbaro

Glyn Farber

Greg Harvat

Bob Busby

 Steve Hughes

Guy Coffee

Ron Mui

 Rich Hartzog

John Wilson

Steve Ratliff

Edwin Johnson

Walter A. Bradford

Mohamad Ismail Abozaid

Michael B. Doran

Jeffery Johnston

David Plowman

Don Adams

 

 

 

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