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NumisBook 06.ps - 7/18/2006 3:41 PM MISSOURI JOURNAL OF NUMISMATICS VOLUME 31 JULY, 2006 OFFICIAL PUBLICATION OF THE MISSOURI NUMISMATIC SOCI- ETY MEMBER CLUB OF THE AMERICAN NUMISMATIC ASSOCIATION (ANA) P.O. Box 410652 St. Louis,MO 63141-0652 TABLE OF CONTENTS Dennis Biersock President's Message 3 Craig Dickherber Sedalia,Missouri 4 C. Joseph Sutter French Mint 7 Chip Vaughn Coins of the Bible 11 C. Joseph Sutter Reflections of a Meeting 18 New Challenges 20 ******** A Missouri Record 29 ******** INDEX TO ADVERTISERS Eagle Coin and Stamp Co. Outside Back Cover Harry Swarthout Inside Front Cover Scotsman Auction Co. Outside Back Cover GUIDE TO AREA ACTIVITIES Future Numismatic Events 21 Ancient Coin Study Group 27 Metro East Numismatic Groups 29 St. Louis Numismatic Association 29 World Coin Club of Missouri 31 Missouri Numismatic Society 32 1 NumisBook 06.ps - 7/18/2006 3:41 PM CURRENT OFFICERS President Dennis Biersack Vice President Mike Pfefferkorn Recording Secretary Alice Thompson Corresponding Secretary John Woodside, Jr. Treasurer Dave Frank BOARD OF DIRECTORS Norm Bowers John Bush Joe Lindell Steve Moore Christopher Sutter Ken Thompson Russ Vogelsang PUBLICATIONS Editor Christopher Sutter Advertising Manager John Woodside. Jr. Printing Murray Print Shop The MISSOURI NUMISMATIC SOCIETY invites you to attend the NEXT REGULAR MEETING which will be held on the fourth Wednesday of the month at 7:00 p.m. 2 NumisBook 06.ps - 7/18/2006 3:41 PM President’s Message By Dennis Biersack Thank-you for visiting the Missouri Numismatic Society’s 46th annual coin festival! This year’s festival is being held at the same site as last year’s: the Saint Charles Convention Center. Last year’s attendees found the Convention Center to be easy to find and the bourse room to be very spa- cious. We hope your experience has also been pleasant. For the third consecutive year we are teaming with Scotsman Auction Company to host another exciting auction “The Midwest Summer Sale”. The auction features some very exceptional coins: 1652 "No Pellets" Pine Tree Shilling NGC AU-55, 1916 Variety 1 Standing Liberty Quarter AU-58 Full Head,1937-D 3-Legged Buffalo Nickel PCGS MS-64, and 1907 High Relief Roman Numerals Wire Rim Saint-Gaudens Double Eagle PCGS MS-63. Our bourse chairman is John Bush. Our show chairman is Rick Raff. I would like to thank them as well as our current MNS officers, Board of Directors, and members for providing leadership and support for this show. This year,2006,is the 200th anniversary of the end of the Corps of Discovery. On September 23, 1806 the journey of Lewis and Clark came to an end in St. Louis. To commemorate this event members of the Discovery Expedition of St. Charles will be at our festival to give a short presentation on their reenactment of this famous journey. We thank Norm Bowers for making this possible. Norm is a member of the Discovery Expedition and the MNS. In closing,we welcome your ideas and comments at our show! We want to not only welcome everyone but hope you have a great show. If our organization or myself can assist you at the show please let any of us know. The Missouri Numismatics Society appreciates your interest and involve- ment. 3 NumisBook 06.ps - 7/18/2006 3:41 PM Sedalia, Missouri – Rich in Numismatic History By Craig J Dickherber Sedalia, Missouri, a town of just over 20,000 people, is located in Pettis County 95 miles east-southeast of Kansas City. Sedalia is probably best known for being the home of the Missouri State Fair each August. Yet,the city also has a rich history in numismatics,some of which is tied to the fair. Missouri entered the union as the 24th state under the terms of the Missouri Compromise on August 10, 1821. A century later, on March 4, 1921,Congress authorized the minting of 250,000 Missouri Centennial Half Dollars. Robert Aitken designed the coin with the bust of Daniel Boone Missouri Centennial 2x4 Variety on the obverse along with the dual dates of 1821 Arrow Points to Incused 2x4 and 1921. The reverse features another frontiersman pointing to the west with a Native American Indian at his side flanked with 24 stars. The words Missouri Centennial adorn the top of the reverse along with the word Sedalia below. The coin was to be officially released at the Centennial Exposition and State Fair in Sedalia in August 1921. The Philadelphia Mint struck a total of 50,028 coins in July 1921. The first 5,000 coins struck had a 2ñ4 incused in the obverse field to the left of the frontiersman. This was to represent Missouri as the 24th star on the U.S. flag. The special 2ñ4 variety created quite a rarity and was an instant success. The plain variety did not fair as well and 29,600 pieces were later melted. Poor Missouri Centennial Plain Variety sales of the plain variety can be attributed to a nationwide recession in 1921 and the reluctance of collectors and non-collectors alike to spend 1 dollar on a 50-cent piece. According to Coin Values, a supplement to Coin World, an uncirculated example (MS60) of the commemorative half is presently valued at around $800, with a MS65 example valued at $6500. The second coin to be released in an official ceremony within Missouri took place in Sedalia on the 182nd anniversary of Missouri statehood. The release of the Missouri State Quarter was celebrated on August 10, 2003 in the Mathewson Exhibition Center during the Missouri State Fair. Governor Bob Holden, First Lady Lori Hauser Holden, and Mint Director Henrietta Holsman Fore emceed the ceremony. Missouri’s quarter design commemorates the Corps of Discovery led by Meriwether Lewis and William Clark. The quarter depicts the return of Lewis and Clark to St. Louis down Missouri State Quarter 2 Coin Set the Missouri River and features the Jefferson 4 NumisBook 06.ps - 7/18/2006 3:41 PM National Expansion Memorial (Gateway Arch) in the back- ground. The original design for the quarter came from Columbia,Missouri artist Paul Jackson. Jackson in a highly publicized manner argued the final design was not true to his rendering. He accused the mint of running a fraudulent contest and urged people to decorate the quarters with stick- ers he made that showed his original design. Production of the Missouri State Quarter was fairly well evenly distributed Missouri State between the two mints with a total mintage of 453,200,000 Quarter Reverse coins. Following the ceremony at the fair, special quarter sets were available for purchase featuring one quarter from each the Philadelphia and Denver Mints. The Third National Bank of Sedalia,a long time banking establishment in Sedalia,pro- vided a quarter exchange and each child was able to receive a free example of the new quarter. The Third National Bank of Sedalia (Charter Number 2919) is the only National Bank that operated in Sedalia during the National Currency Era (1863- 1935) to remain in business today. The bank was organized on November 20,1882 with $100,000 in capital and opened its doors for business on April 14,1883 at 205 South Ohio Street. The bank issued $1,857,850 worth of currency bearing its name. In 1935, at the end of the National Currency era, $100,000 of currency from this bank was still in circulation. Of this amount $7,465 in large size currency was still outstanding. The current census shows 24 large size notes and 28 small size notes reported. By the end of 2001 the total assets of this bank had grown to $250,000,000. The bank still operates under its original name controlled by Central Bancompany of Jefferson City,which is made up of 13 banks and 1 trust company. 3rd Charter Plain Back $5 Third National Bank of Sedalia Three other note issuing National Banks were located in Pettis County, all within the city limits of Sedalia. These banks included the First National Bank of Sedalia (Charter Number 1627) which was organized January 2, 1866, and went into receivership on May 10,1894. Only 2 notes,of the $299,200 issued,are reported from this large size only issuing establishment. According to Don Kelly’s 5 NumisBook 06.ps - 7/18/2006 3:41 PM National Bank Notes,a note from this bank would set you back about $3500. The Citizens National Bank of Sedalia (Charter Number 1971) was the second national bank within the city limits of Sedalia. The bank was organized August 9, 1872 and went into receivership on November 6, 1931. This bank was also located on South Ohio Street and issued $1,968,220 in currency. Of the $14,175 outstanding at the banks close 28 large and 12 small notes are reported. The Sedalia National Bank,Sedalia (Charter Number 4392) was organized July 10,1890 and went into receivership on February 15, 1932. Of the $1,391,860 issued. $100,000 was outstanding at the close of this bank. There are 21 large and 14 small notes presently reported from this banking house. 3rd Charter Plain Back $10 Citizens National Bank of Sedalia While a major banking panic in 1893 most likely led to the closing of the First National Bank of Sedalia, the Great Depression led to the demise of the Citizens National Bank and the Sedalia National Bank along with the failure of thousands of other banks across the United States. So,if you are looking for numismatic collectables from within Missouri look no further. The City of Sedalia offers many items for your collection; which by no means is limited to the material mentioned above. Sources: Kelly,Don C -- National Bank Notes Fourth Edition & Census; The Paper Money Institute 2004 Yeoman,R. S. -- A Guide Book of United States Coins; Whitman Publishing 2004 Coin Values – A supplement to Coin World; Amos Press January 2006 www.coinsite.com www.thirdnationalbank.com 6 NumisBook 06.ps - 7/18/2006 3:41 PM The French Mint By C. Joseph Sutter Part of the enjoyment of numismatics is the pursuit of knowledge. As I hold in my hand a five franc coin from France,I wonder where it was made? To gain some answers I turn to another of my collections,picture post cards. I have several post cards of the Hotel Des Monnaies,French Mint. It is also known as the Monnaie de Paris,Paris Mint. This mint was found- ed by Louis XVI. It served as the French mint until 1973 when the operations were moved to Pessac. The post cards shown here represent several steps in the coinage process: Annealing the planchets 7 NumisBook 06.ps - 7/18/2006 3:41 PM Bleaching the planchets Coining Also shown are a screw press 8 NumisBook 06.ps - 7/18/2006 3:41 PM and an electrical press ****************************************************************** Programs Jim Moores will conduct two programs from the Central States Numismatic Society (CSNS) Educational program. Each program consists of a 30 minute video and a question and answer session. Please check with the registration desk for the dates and times of these programs: Gold Coins Struck as the Result of America's Gold Rushes. This will include the gold coinage of Templeton Reid,the story of the Bechtlers and their gold coinage, the gold rush at Sutter's Mill in California and the pioneer gold coins issued in the aftermath, the gold coinage struck by the Mormon leader Brigham Young, and the gold coin issues of Clark, Gruber, and Company and also the gold coinage of the Kellogg,Wass,Molitor and others. The video presentation will be presented in period costume by Don Kagin,who wrote the major reference work on this coinage, entitled Private Gold Coins and Patterns of the United States. The Money Story - The United States Mint and the Bureau of Engraving and Printing. This video will encompass the entire minting and printing processes,with examples of our U.S. coinage and paper currency. The presentation is especially well documented and shows these processes in an understand- able and entertaining manner. The video is especially instructive if one has never actually toured one of our mints or either of our Bureau of Printing and Engraving facilities. Jim is a long time member of MNS and is on the board of directors for CSNS. 9 NumisBook 06.ps - 7/18/2006 3:41 PM Ten Reasons to attend the next MNS meeting: 1. You have just bought this really neat coin and you want to brag to some one about it. 2. You really need a night out of the house once a month to improve your social life. 3. You enjoy big name entertainment,but are too cheep to pay any money to hear a really good public speaker. 4. Your spouse has you on a diet and the meeting offers free cookies and sodas. 5. You want to collect gold coins of the “twelve caesars”and need someone to tell you what their names were. 6. The idea of winning a gold coin or a fifty dollar attendance prize excites you. 7. You want to know if the MNS has a library. 8. You want to see if anyone else is collecting the state quarters. 9. You want to argue your theory of how the price of gold and how far the Cardinals go in the playoffs are related. 10. You want to have fun. Seriously,we really would like to see you at the next meeting. Our meetings really do contain the items mentioned above: cookies,gold attendance prizes and cash attendance prizes. And there really is someone who could tell you the names of the “twelve caesars”. The meetings consists of three phases, a short business meeting, a 30 to 40 minute presentation and an auction. We try to keep the meeting atmosphere light and relaxed. Our President,Dennis Biersack,is dedicated to this idea. If you have attended meetings in the past and for whatever reasons stopped attending, please give us another try. Although, on second thought, maybe you do not want to ask if the MNS has a library. 10