Maryland Numismatist Argentina’s President Sarmiento Exhibits at the Spri ng Whitman Expo Spring, 2017 Volume 45 – No. 1 The OFFICERS Maryland PRESIDENT State Jack Schadegg Montgomery County Coin Numismatic Club Association, VICE PRESIDENT Inc. [Vacant] The MARYLAND NUMISMATIST SECRETARY is published three times annually by Bryce Doxzon MSNA and is distributed to all Catonsville Coin Club members in good standing without TREASURER additional cost. Simcha Kuritzky, CPA Montgomery County Coin http://mdstatenumisassn.org Club ********************************* EDITOR ****************************** CLUB REPRESENTATIVES Simcha Kuritzky Post Office Box 13504 Each member club of MSNA shall Silver Spring, MD 20911-3504 appoint a representative who will [email protected] serve on the Board and will exercise their club's vote on any matter arising. ********************************* ****************************** The Board of Directors of MSNA is PAST PRESIDENTS: composed of the officers, past presi- Frank Murphy dents and club representatives as listed Scott Barman to the right. Simcha Kuritzky ********************************* ****************************** Club Mailing Address: MSNA ANA # C-73593 LC-42 Post Office Box 13504 Silver Spring, MD 20911-3504 ********************************* LIFE MEMBER CLUBS ****************************** #-1 Baltimore Coin Club The Maryland Numismatist content is #-2 Carroll County Coin Club copyrighted by its authors and may #-3 Maryland Token & Medal Society not be reproduced without their #-4 South Glen Burnie Coin Club consent. MSNA assumes no #-5 Colonial Coin Club responsibility for claims made in paid #-6 Bowie Coin Club advertisements. The Maryland Numismatist – Spring, 2017 Page 3 Table of Contents Officer Listing 2 President's Message 4 Larry Goldman Obituary 6 Treasury Notes 8 Membership Report 10 Domingo Faustino Sarmiento 12 Just Two Gold Pieces – Two Big Gold Pieces 15 Local News 18 The Philadelphia Mint Celebrates 225 Years 21 Changes to The Maryland Numismatist 22 What's Your Sign? (Zodiac-themed medals) 23 Membership Renewal and Application 29 Maryland Coin Show Dates 30 Club Member Listing 31 Advertising Rates 31 CARL EARL OSTIGUY DEALER in COINS, CURRENCY & TREASURES HISTORIC SAVAGE MILL P. O. BOX 92, Savage, Maryland 20763 (443) 623-7025 E-MAIL: [email protected] BUYING & SELLING COINS & CURRENCY APPRAISALS & AUCTIONS BY APPOINTMENT ONLY ALL MATERIAL KEPT IN BANK VAULTS LOCATED 5 MINUTES OFF of INTERSTATE 95 Midway between Baltimore & Washington Take I-95 to Route 32, East (Exit 38-A) to Route One South, Right on Howard Street, Follow signs to Savage Mill. Page 4 The Maryland Numismatist - Spring, 2017 President's Message As measured by the warmth of these past few weeks in February, it seems like spring is knocking at our doors quite early this year. For a good number of those few bitterly cold days we did have this winter where one just did not feel like facing the outside temperatures and wind, I did take the opportunity to catch up on my hobby reading – including a re-read of the introduction to William Sheldon’s Penny Whimsy. I heartily encourage all to continue any expansion or refresh of knowledge in your favored areas of coin collecting. MSNA is again preparing to participate in the Whitman Baltimore Spring Expo to be held March 30 through April 2 at the Baltimore Convention Center. Visit http://expo.whitman.com/baltimore-spring-expo/ for the show schedule of events and meetings. For those planning on displaying a numismatic exhibit during this show, contact MSNA Secretary Bryce Doxzon for an exhibit application and exhibitor information. Related to the Whitman Baltimore Coin and Currency Expo to be held in November 2017 is the business of distributing and selling our annual MSNA raffle tickets. I recently sent out raffle tickets to all the MSNA member clubs. Please make a reasonable effort to sell these tickets and return our share of the proceeds. The four raffle prizes this year include a commemorative silver dollar, foreign gold piece, and two US gold pieces. Please contact your club or MSNA directly if you are looking to buy a couple of tickets for the annual raffle that will be drawn November 12 at the Whitman Expo. Distribution of this issue of the Maryland Numismatist will occur shortly after our February MSNA Board meeting. The MSNA Board will focus on the way ahead to further engage our member clubs in the Association’s activities and purpose. I have prepared a draft membership survey that I will distribute after Board comment and approval. I received an email yesterday from the U.S. Mint confirming my order and shipment of the 2017 Lions Club Centennial silver dollar (at the introductory price offer). The $10 per coin surcharge to support the Lions Clubs International groups is money well spent. Have a great springtime and do what you can to support your local coin club. The Maryland Numismatist – Spring, 2017 Page 5 Julian M. Leidman One of America's foremost dealers in rare coins Bonanza Coin 940 Wayne Avenue Silver Spring, MD 20910 Telephone (301) 585-1480 Email: [email protected] Professional Numismatic Dealer & Consultant for over 40 Years What Have I Done? I have handled, developed and sold many of the finest rare coin collections in the country including:  Rare Colonial issues, including several 1792 issues  Assemblage of specialized collections of all early U.S. coins by die variety  Sale of the Wilkison Gold Pattern Collection in 1973  Participation as a bourse dealer at hundreds of local, regional and national coin shows and conventions  Attendance at every major U.S. auction held since 1968, representing as many as 25 bidders at the same time  Consultation to corporations, dealers, and collectors in order to develop, build and expand collections as well as being instrumental in the promotion of the numismatic hobby  Recipient of the Lifetime Achievement Award from the Professional Numismatists Guild What Can I Do For You? With total confidentiality, I will tailor my services to fit your needs, and:  Assist in the formation (or location) of any U.S. coin or currency collection  Counsel collectors, dealers and corporations on any aspect of the numismatic business or hobby  Act as personal representative for any numismatic transaction at a maximum commission of 10%  Appraise collections or individual pieces on an hourly basis  Assist in the orderly disposition of holdings at current values LM #664 Page 6 The Maryland Numismatist - Spring, 2017 Larry Goldman, 1936-2016 Lawrence Goldman was born to Ted and Sophye Goldman on May 6, 1936. He received his Bachelor’s at the School of Medicine of Tufts University in 1958, and his Ph.D. from the University of California at Los Angeles in 1964. He served as Professor of Physiology at the University of Maryland, Baltimore County campus. He passed away on November 25, 2016 at age 80, and is survived by his wife Stacey Lynn Goldman (nee Davis), daughter Ann Giroux, and granddaughters Katherine E. Giroux and Sarah Abigail Giroux. He collected early U.S. type coins and was a long-time member of the Baltimore Coin Club. Larry joined MSNA in 1999 and became life member 65. After MSNA held its last coin show in 2008, the Board decided to reinvent the Association to dedicate itself primarily to education using a three-prong approach. The journal would carry articles of greater numismatic scholarship, and MSNA would use the Whitman Baltimore Expos to host the educational exhibit competition and lectures. Larry arranged for six distinguished speakers at the Summer show from 2009-14. The series was halted after both the attendance and Larry’s health waned. Lawrence Goldman watching David Schenkman's talk at the Baltimore Convention Center on June 27, 2014. Distinguished Speakers 2009 Q. David Bowers 2010 Mark Borkhardt 2011 Anthony Swiatek 2012 Don Kagin 2013 Karen M. Lee 2014 David Schenkman $₤₪₫€₣¢¥₮₯₳₹₦﷼₫$₤₪€₣¢¥₮₯₳₹₦﷼₫$₤₪€₣¢ We also note with sadness the passing of Jerri Long, wife of Jim E. Long who is MSNA life member 84. Jim runs JEL Coins of Baltimore. The Maryland Numismatist – Spring, 2017 Page 7 Maryland Coin Exchange Free Appraisals - Top Dollar Paid! Professional Bank & Estate Appraisals Gold Coin & Silver Dollar Specialists Will Travel to Your Location Rare Coins, Currency, Stamps, Trusts, Fine Jewelry, Fine Art and More. Michael O'Higgins Since 1974 Maryland Storefront: Maryland Coin Exchange 8620 Georgia Avenue (by Colesville) Silver Spring, MD 20910 (301) 589-2278 Fax: (301) 585-2362 Florida Storefront: Steib's Sales East Coast, Inc. 800 W. Cypress Creek Road, Suite 530 Fort Lauderdale, FL 33309 (866) 997-8342 / (954) 202-5858 On Line: Gobrecht Numismatics www.mdcx.net / www.gobnum.com Toll Free Ordering: (800) 322-0098 Customer Support: (301) 587-3742 Also Members F.U.N., C.S.N.S., E.S.N.A., S.P.M.C. ANA Life Member Page 8 The Maryland Numismatist - Spring, 2017 Treasury Notes by Simcha Kuritzky, Treasurer and Editor Below are two pie charts that show our results for fiscal year 2016 (ended November 30). Each circle represents the same number of dollars; because we had more revenue than expense, the difference is shown as a surplus at the top left of the expenses pie chart. Revenue Expenses The largest impact of using accrual versus cash basis of accounting is on life memberships--revenues earned for life membership are from payments received years ago, so regular dues and life membership dues are shown separately. Sales are just raffle tickets. Journal expenses include printing, postage, and the web site hosting fee. Prize expense includes raffle, exhibit, and door prizes at meetings. Gold prices have gone down enough to save us some money, but not enough for us to restore the old prizes for exhibits and the raffle. The cost of printing raffle tickets is included with the raffle ticket prizes, while the advertising underwriting the ticket printing makes up the bulk of donations revenue. Administrative expenses include meeting room rental. Expenses associated with the John Henry collection include the safe deposit box rental and insurance. We do not have a Vice President this year, and so we don’t know if we will have a President next year. If MSNA no longer serves a purpose, we will dissolve the organization. We have enough money to refund the unused portion of all life memberships. Once we sell the Henry collection, we can donate the proceeds to member clubs and other numismatic organizations and endeavors. The Maryland Numismatist – Spring, 2017 Page 9 Page 10 The Maryland Numismatist - Spring, 2017 Membership Report The MSNA by-laws require the treasurer to prepare an annual report on the membership. I am also giving the report for all years back to 2010. MSNA has six types of membership. Regular, club and junior members must pay each year. Life, club life, and honorary life members are inducted once and stay members until they pass away, the club is dissolved, or they resign. Honorary life members become life members immediately, while regular and club life members must be a member in good standing the three years previous. So the only changes to life membership are new members and deceased members, while regular members can join, renew (which can be paid in advance or arrears), lapse, or return after a lapse of at least one year. Our 2016 membership is the lowest yet, though we have already picked up several new members for 2017. We had 137 members in 2007, the year before our last coin show. 2010 2011 2012 2013 2014 2015 2016 Regular New 4 7 3 4 3 1 1 Renewed 46 48 43 41 40 36 31 Returned 3 1 4 2 1 4 Convert to LM -1 -1 -2 -2 -3 Lapsed -7 -4 -10 -6 -7 -6 -7 Total 53 55 47 49 45 38 36 Note: Total = New + Renewed + Returned = Previous Total + New + Returned – Convert to LM – Lapsed Life Begin 65 67 66 67 67 69 70 Honorary 1 1 1 New 2 1 1 2 2 3 1 Deceased -1 -3 -1 -2 -2 -1 End 67 66 67 67 69 70 70 Combined 120 121 114 116 114 108 106