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The Spirit E-Newsletter from Muncie Coin and Stamp Club
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This month's meeting is
Tuesday, November 12th at Minnetrista Cultural Center at 6:00 PM

MUNCIE COIN AND STAMP CLUB INC.
MINNETRISTA CULTURAL CENTER
1200 NORTH MINNETRISTA PARKWAY
MUNCIE, INDIANA

TELEPHONE 765-400-0600
WEB:
http://munciecoinandstampclub.com/

 
October’s Club Minutes and Announcements
October’s Meeting Attendance: 55 (5 From September’s meeting)
October’s Auction Lots:  121 (6 from September’s auction items)

Business (New & Old)
Under old business: No Old Business.
Under new business: No New Business.
 
Show – N – Tell: Herb Schmidt shared a presentation on the Central America Coinage of British Honduras – Belize. John Kuzma share a coin with the Statue of Liberty on it.
 
October’s Visitors: Richard Morris brought his grandson Constantin Bratianu. Rick Cox was also a visitor.

New Members: Rick Cox & Lisa Warner\Drum
 
Drawing Winners for October’s Meeting
Attendance drawing prizes went to: 1) Bob Flatt 2) Chris Tuttle 3) Bob Crawford
Silver Dollar drawings were won by: 1) Carolyn Wantz 2) Randy Hornbaker 3) Joe Hutchison
Progressive drawing name draw (must be present to win):  Bob Pinger, who was not present.
 

MCSC Coin Show 2020
  • Tom Marsh will have the donation tickets for the 2020 Muncie Coin show available at this month’s club meeting
 
Membership Renewal Time

 
  • We are now collecting membership dues for 2020.
  • If you would like to renew your Muncie Coin and Stamp Club membership for 2019, please bring your dues to the front tables at this month’s meeting and we will mark you down as paid. Membership cards will be returned to you and the following month’s meeting.
  • If you need to mail in your club dues please mail payment to the address below and your membership card will be mailed back to you.
  • Members have until the end of the December 2018 Meeting to pay dues. After that meeting, those who have not paid dues for 2019 will be dropped from the active member list and the mailing list for the club newsletter.
 
Mail Dues to:
Muncie Coin & Stamp Club
1111 Winding Way
Anderson, IN 46011
 
 

Treasurer’s Report for October, 2018

 
Balance from October's Meeting $3,767.58 $180.00 $325.34
Deposit Transactions Checking Petty Cash Savings
Previous Month's Silver Dollar Drawing $182.00    
Auction Donations $22.00    
Membership Dues $128.00    
Savings Dividend     $0.01
Total New Deposit Transactions $332.00 $0.00 $0.01
Balance sub-totals after Deposits $4,099.58 $180.00 $325.35
Expense Transactions      
P.J. Hankins - Printing Sept & October Copy Costs $108.14    
Total New Expense Transactions $108.14 $0.00 $0.00
Total- Treasurer's Report  $3,991.44 $180.00 $325.35
  Total Treasurer's Report $4,496.79
 
 
 

£5million Coin Hoard Found By Metal Detecting Couple In England
26 AUGUST, 2019 - 23:12 ED WHELAN - https://www.ancient-origins.net/

In England, a metal detecting couple has found an amazing treasure trove of coins. They have unearthed a hoard of silver coins that date from the famous Battle of Hastings. The find is expected to make the couple overnight millionaires and it has made them the envy of detectorists from all over the world.
 
Adam Staples and his partner Lisa Grace, from Derby, were investigating an unplowed farm field when they found the treasure. The exact location has not been revealed but the couple was searching in an area of north-east Somerset last January. They came across something interesting and unearthed it and the couple immediately realized that they had made an “absolutely mind-blowing” discovery according to the Daily Mail.
 
The Norman Invasion of England
The couple has been tight-lipped about their discovery. This is understandable as no final valuation has been agreed and there is no decision as to whether or not their find is treasure and can be bought by a museum. But now the story is out, metal detectorists from all over the world have congratulated the pair on their find on social media.
 
The find is very important, but it is not the largest hoard of coins ever found in England. This distinction goes to the famous Staffordshire Hoard. This contains coins and golden artifacts from the Anglo-Saxon period and was found near Stoke in 2009. However, Grace and Adam have the satisfaction of knowing that their find is believed to be worth over one million pounds (1.2 million dollars) more than the Staffordshire Hoard.
 
The coins of William I could be worth in the region of £1,000 ($ 1,220) and £1,500 ($1,800). According to Nigel Mills of Dix Noonan Webb Auctioneers, “Harold II coins are rarer than William coins and could be worth between £2,000 to £4,000 each” reports RTL247. That is, they are worth between $2400 and $5000 dollars each. It is estimated that the hoard could be worth between 3 and 5 million British pounds, or roughly 4 to 6 million US dollars.

Overnight millionaires
 At present, the couple is waiting to hear if their discovery will be declared treasure by the authorities. UNILAD reports that if the find is declared treasure “the museum must compensate the couple with the value of the discovery, while the landowner will also be entitled to 50 percent of the cash.”  Furthermore, museums will be obliged to bid for them at an auction. If the authorities do not declare the coins to be treasure, they will then be returned to the couple and they can sell them at private auction. It looks like that either way that the couple is going to be rich.
 
The couple notified the relevant authorities, which is required by British law. The coins have since been transferred to the British Museum. For the past seven months, experts have been examining the coins and they have been amazed at what the metal-detecting couple unearthed.

Value of the coins
 It is thought that the coins were buried sometime between 1066 and the 1070s.  They were probably the property of a wealthy individual, possibly a noble, but almost certainly not a royal. The Sun reports that the owner “probably buried them for safekeeping” as there was no banking-system in England at this time. The years after the Battle of Hastings were very turbulent and it is possible that the owner was killed before he could retrieve his riches.
 
The Sun reports that “Each coin will have the moneyer's [person officially permitted to mint money] name on and the mint of where it was issued.” Some of the silver pennies of Harold II were coined by moneyers who were previously unknown. This is providing new insights into the financial administration of England before the Norman Conquest.
 
Adam and Lisa found 2571 silver coins that are in mint condition and are almost a millennium old. The Daily Mail reports that the hoard is “made up of King Harold II pennies from the end of Anglo-Saxon England and William the Conqueror coins.” King Harold, only ruled England for nine months before being killed at the Battle of Hastings (1066) and he was succeeded, by the Norman William I.


What were collectors scared of in 1919?
By William T. Gibbs , Coin World - Published: Nov 4, 2019, 7 AM
 

 
A century ago, the November 1919 issue of The Numismatist published a paper delivered by sometimes controversial hobby legend Farran Zerbe about recent public concerns regarding the legitimacy of collecting obsolete bank notes.
 
Zerbe referenced “recent publicity given unwarranted seizures of obsolete paper money has produced uneasiness among some collectors as to the future right and security in the purchase, possession and sale of specimens of this class.”
 
No new laws or regulations had made such notes illegal to possess, Zerbe wrote, adding that the Treasury Department, whose Secret Service branch was charged with protecting the nation’s currency from counterfeiting, had assured him “that no drastic action need be anticipated.” However, he was told that interpretation of the law was subject to change, particularly as the personnel who enforced the law was “constantly changing ...”
 
Federal laws prohibited the possession of anything in similitude to federal paper money and similar items — and these laws were sometimes enforced to the level of absurdity. Paintings that included representations of paper money were sometimes seized by the government, as were promotional items that vaguely resembled money. In 1904, Zerbe wrote, one district attorney ordered a local businessman to take down advertising board signs depicting a Morgan dollar and a message, “This is what we save you,” as violating the law. Zerbe added that a district attorney in East St. Louis made the opposite ruling, prompting the owner to move his advertising boards to that city, where they presumably were unmolested by government officials.
 
Today, collectors can own obsolete notes of all kinds without fear of government confiscation. However, it has not been that many years since money artists like J.S.G. Boggs were charged with counterfeiting for simply creating their art, and it was not until the 1980s that a federal law prohibiting depiction of U.S. paper money was overturned by the courts.
 
In some ways, not as much has changed as one would think.
Muncie Coin & Stamp Club Event Calendar
Click HERE to view the upcoming club meetings in the surrounding area.
 
 
Click HERE to view the upcoming coin shows in the surrounding area.
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