march 2010 - volume 1 issue 3

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March 2010 - Volume 1 Issue 3

Boy Scouts Silver Dollar Coin Release Date SetJanuary 20, 2010 by Silver Coins Today

Requested by Bill Chin

According to the latest updated US Mint 2010 schedule, the highly anticipated release for the2010 Boy Scouts of America Centennial Silver Dollar will be March 23, 2010.

Up to 350,000 of the Scout coins will be struck to either proof or uncirculated condition from 90%silver and 10% copper. Their release coincides with the celebration of 100 years since the foundingof the Boy Scouts of America (BSA).

Readers of Silver Coins Today may recall that the final design for the coins was only released onemonth ago, and showcases three youth members (a Cub Scout, a female Venturer and a Boy Scout)all in full uniform giving a salute on the obverse. The reverse or tails side of the coin contains thewidely-known and universal emblem of the Boy Scouts of America.Authorized by the Boy Scouts of America Centennial Commemorative Coin Act, which was signedby former President George W. Bush on October 8, 2008, the silver coins will be issued with a facevalue of one dollar and weigh 26.73 grams with a width of 1.5 inches.

The Scouting organization in America claims to currently have over 3 million youth members with 1million adult members providing the leadership and training to the kids. Through the activities of theScouts, 1.5 million plus service hours a year are provided to local communities in thousands of dif-ferent projects ranging from food banks to litter pick-up.A $10 surcharge will be added to the sale of each coin issued under the program with the raisedfunds forwarded to the National Boy Scouts of America Foundation. The Foundation will use themoney as grants given to local councils to improve Scouting activities in hard-to-serve areas.

JvB

BCCC BAY CITIES COIN CLUB www.baycitiescoinclub.org

March 2010 Volume 1 Issue 3


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BCCC BAY CITIES COIN CLUB www.baycitiescoinclub.org 2

State Quarter: Missing Clad Layer Error Coinby Frank M. Zapushek, www.bakercoins.net

State quarters are hot and State quarter errors are even hotter. But many collectors are buying al-tered or counterfeit quarters for large sums of money. Dont be one of these collectors!

I have received 62 State quarters with Missing Clad Layer errors for authentication. I have au-

thenticated two. The other 60 were altered coins. Of these 60 coins, 8 were found in circulation by

collectors and the other 52 were purchased. This means 52 collectors bought coins that have no

value.

The AU 50, Denver Connecticut quarter shown above was purchased on eBay for $303.00 plus$3.40 shipping. Insurance was another $3.70 for a total of $310.10 This coin was missing the cladlayer on the reverse.

The MS 63 Philadelphia Maryland quarter below was missing the obverse clad layer. It sold on

eBay for $202.50 plus $3.20 shipping. Insurance was $3.70 for a total of $209.60.

Coins with missing clad layers are not easy to find. They are not rare, but they are not common.

This is why they are in demand. Any time a coin is in demand, some people can get very creative

when trying to supply the demand. Oh, by the way, they make lots of money along the way.

(Continued on Page 3)


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State Quarter: Missing Clad Layer Error Coin(Continued from Page 2)

Now I will take you step by step on how I authenticate a missing clad layer.

First you weigh the coin on a gram scale. A clad quarter weighs 5.67 grams. Since most collectors

do not have a gram scale that weighs to the hundredth gram, lets just say 5.7 grams. Both thesecoins weighed 4.7 grams, which is the approximate weight for a quarter missing the clad layer.

Now we look at the design elements on the reverse side of the coin. (We use the reverse side be-cause the obverse die is the hammer die. It applies the pressure to the reverse die.) The fine detailshould be missing, lines in leafs will not show. As in the Maryland quarter, the fine detail on the lighthouse are missing. Also, parts of the letters close to the rim should be weak or mushy.Next we examine the surface of the side missing the clad layer carefully under a microscope at 30power. The surface should be smooth, not rough or pitted. If the surface of the coin is pitted orrough, the clad layer was most likely removed with acid.

Now we examine the edge of the coin carefully. There should no clad showing anywhere on therim. None, not at all, nothing, etc. There is no such thing. If the clad layer is missing, it is com-pletely missing.

The next step in the authentication is the most difficult authentication. Clad layers can be removedfrom a coin after it leaves the Mint. One method that I have heard about is to solder a piece of wireonto the surface and left off the clay layer.

I placed a piece of leather on both sides of the coin, then placed the coin in a vice and soldered apiece of wire to the coin. I tried this on two coins and the clad layer could not be removed. Next I

placed solder over most of the surface area of the coin and off came the clad layer.

After carefully examining the edge of the coin under 30 power, I could detect damage to the reed-ing on both sides of the coin. The damage was directly across both sides of the coin.

Coin authentication gets more difficult as the dishonest people get more creative. Careful and de-

tailed examination of all coins is very important. Never forget the edge of the coin. It is the third

side and sometimes can be the most important side of a coin.


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PAGE 4 CCCC Journal

Photos from the NASC Awards Luncheon

Jack receiving his award The Second Place Award

The Luncheon Menu Various goodies given to the attendees



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The February meeting was called to order at 6:45 PM with 31 members and three guests present.The Pledge of Allegiance was led by Bill Chin. Jack von Bloeker won the membership drawing of $3,which he took in the form of drawing tickets. The minutes of the January meeting and the Treas-

urers report were approved. ANNOUNCEMENTSGarn A.Our outstanding Club DVDs have all been returned and are available to be checked out

on our new check-out sheet.A reminder to all to please pay Garn A. tonight for the meals at our January dinner meeting.Walter Ostromecki will be giving a program on Dumb Coins at our March meeting in the slot nor-

mally reserved for Member Spotlight. Bring your friends to enjoy this program given by a very re-spected numismatist, a Governor of the ANA (American Numismatic Association) and a life memberof our club.

Tyler Gobble applied for a 2010 Summer Seminar Young Numismatist Scholarship. He was recom-mended for the scholarship by Walter Ostromecki. (Thank you Walt!) Tyler has not received any

feedback thereof yet, but we all wish him success.The annual awards luncheon of the NASC (Numismatic Association of Southern California) is going

to be held on February 21st. Our club is a member of the NASC and for the last three years ournewsletter received second place for all of the clubs in Southern California. Please cross your fin-gers for Jack vB and his newsletter that we get first place for 2009. For approximately the last eightyears a club in San Diego won first place.

Steve D.The Buena Park coin show will be held March 13-14 and the North Orange County coinshow will be held this weekend, February 13-14.

Jack vB.Held an unveiling of our new badges with our new logo. The new badges have magnetsto hold them on in place of a clip or pin. We hope all members are happy with the new badges.

Garn A.Nominated three people to be on our clubs board of directors. Then the floor was openfor nominations, of which there were none. A vote will be taken at our next meeting. The nomi-nees were Steve Demmer, Bernie Malis and Phil Iversen.A vote was taken and approved for our club to join the ANA after it was explained that the amount

dues would be reduced by $5 for each club member that also is a member of ANA. Which meansour ANA dues would be $30 per year.

NEW GUESTDave ?He collects US coins without a particular specialty. He began collecting in 1956. Welcome

Dave. Hope you liked what you saw and that you come again.SHOW AN D TELL

Eric A.Eight Mexican and Spanish coinsmilled 8 Reales coins including one that we call the pil-

lar dollar that was used in the US for many years before we minted our own coins.Steve R. A 1965 British Honduras (now Belize) 50 cent coin that he purchased for $20. The mint-

age for that coin was only 25,000 pieces. It is a cupro-nickel coin.Scott StahlerTwo coin folders filled with coins, one of which was his first coin folder. He also had

two coins that were slabbeda 1955 DD (cleaned) and a 1922 no D.John R.An article in the Daily Breeze about a road show to purchase numismatic material and

jewelry with a warning from John about it probably being a rip-off.(Continued on Page 6)

February Club News



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SHOW AND TELL (continued)Steve D.Two Kennedy 50 cent pieces of the 40% silver variety with doubling on the reverse. He

thought that the doubling was fairly common so probably not worth much as an error coin.MEM BER SPOTLIGHT SCOTT GOBBLE

What do an old coffee can, an old wallet and orthodontia have in common? The answer isoldcoins! The old coffee can was full of old coins, the wallet had some coins in it and Scott had twoteeth pulled. While he was recovering from the dental work his father gave him his grandfatherswallet and the coffee can to sort through. That began his life-long interest in coins.

While sorting through the coffee can that was full of pennies, he was able to complete filling tenfolders that held 1941-1959. His father purchased the pennies by the inch from a friend.

He was given ten cents each day for milk and a sweet roll at school. He purchased the milk forfive cents but saved the other five cents to purchase coins and he saved all the Liberty and Buffalonickels that he came across. Later on he started mowing lawns to earn money to purchase morecoins. He attended a flea market in Chino where he bought coins and by the time he was eleven

years old, he had a full set of nickels.He frequently visited the Riverside Coin & Stamp store and ended up doing their year-end inven-

tory, which he really enjoyed because he was able to view and handle the expensive gold and silvercoins.

He showed us his collection of Red Books (1963-75)one that he received as a subscriber giftfrom Coin World.

In 1969 he purchased ten BU 1926-S Standing Liberty quarters for $1,500 which years later endedup being his down payment on his house. He kept one of them.

In 1979 he worked at a coin store in Ventura. While working there he did road shows where peo-ple come in with their coins to sell. One guy came in with a bag of coins containing old nickelsthere were some 1934s, 35s & 37s including a 3-legged buffalo that they paid him $75 for. The

guy was very please. The owners sold the store and the new owners had Scott grade all of theircoins. After the owner died he bequeathed a #7 (1954) and a 1955 Red Book to Scott. The #7 ishis most valued book that he keeps in a plastic cover for safekeeping.

BREAKJack vB brought the refreshments. Thanks Jack for a great spread.

AUCTIONWe had 22 lots from four groups that were auctioned off with Steve D. as auctioneer. Steve D.

kept us laughing throughout the whole auction. Thanks Steve for a great job!COIN RAFFLE

1.) 1908-PIndian Head 1c-Danny R. 09.) 1948-PFranklin 50c-John F.

2.) 1901-PLiberty 5c-gordon W. 10.) 1918-SWalker 50c-Bernie M.3.) 1930-PBuffalo 5c-Clint McG. 11.) 1976-DBicentennial 50c-John R.4.) 1944-DWar 5c-John F. 12.) 1979-PSBA $1-John R.5.) 1938-PMercury 10c-Steve R 13.) 1969Prrof set-Bernie M.6.) 1964-DRoosevelt 10c-George G. 14.) Lincoln cent album-Ryan P.7.) 1928-SS.L. 25c-Lou B. 15.) Jefferson nickel album-Tyler g8.) 1908-PBarber 50c-Art W. Items 14 & 15 were donated by Jack vB.

Meeting adjourned at 8:40 PM.

February Club News-Continued



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March 2010 - Volume 1 Issue 3Presidents MessageAt our February meeting, I announced that Jack and I would beattending the NASC awards luncheon held on Sunday, February21st. Again as last year, they sent us an invitation indicating therewould be some sort of surprise this year. We speculated that the

top honor for best newsletter might finally and rightfully beawarded to Jack, as we all know he puts out the best newsletterevery month. Well unfortunately, the surprise was winning theaward for 2nd place instead of 1st place. 1st place was again wonby the San Diego Numismatic Society, now 7 years in a row.Jack we really appreciate the wonderful job you do with the news-

letter. Congratulations on being recognized for producing one ofthe best newsletters in Southern California. Hopefully, next yearthey will finally get it right.While attending the NASC luncheon, I had a chance to speak with Phil Iverson about changing

over the bank account. Phil recently had surgery and has not been able to pull the paperwork to-gether to change over the bank account. But as he is now feeling somewhat better, we should beable to get new signature cards for our officers and the change in statement address processedsoon to change the account over. Once that is done, we can close the old account of the CulverCity Coin Club and move the funds over to the Bay Cities account.I also spoke with Phil about the status of filing for reinstatement with the IRS. For a variety of

reasons, including Phils health issues, the IRS filing is still pending. I hope to follow-up with Philbefore our next meeting to see what we need to do to move this forward. Our filings with Californiaare all done and Bay Cities Coin Club has been reinstated by the State.As announced at our last meeting, Walt Ostromecki will be presenting his program at our March11th meeting on the topic of DUMB COINS. I think we are going to have some fun so please be sure

to attend the March meeting. Walt has previously served as President of both the Culver City andBay Cities Coin Clubs, and he currently serves on the Board of Governors of the American Numis-matic Association. I wanted to thank him again for taking time from his busy schedule to join us.

During the month of March, there will be a couple of local coin shows that I encourage everyone tosupport. There is the Buena Park show on the weekend of March 13th and 14th. Then on Sunday,March 28th, the Verdugo Hills Coin Club show will be held at the Van Nuys Masonic Hall on ShermanWay. Both of these shows have hourly drawings for door prizes during the day and a special draw-ing at the end of the day. I urge everyone to attend either or both of them this month.On a national level, the ANA National Money Show is scheduled for March 25th thru 27th in Fort

Worth, Texas. If anyone is planning to be in the Fort Worth area around the end of March, thinkabout attending this show. Another reason I bring this up is to let everyone know that ClintMcGregor will be finishing his contract with Raytheon soon so will be returning to his home in FlowerMound, Texasnot far from Fort Worth. We always miss Clint when he returns home because weappreciate the enthusiasm for coin collecting that Clint brings to the club, especially the auctions.Clint also was our very first Member Spotlight last year. And he introduced John Sherman and meto the best Texas Barbeque in Los Angeles. So anyone attending the national show in Fort Worthshow might want to connect with Clint.

I look forward to seeing all yall (thats Texan for Everybody) at our March 11th meeting. Untilthen Collect Early and Often GarnBCCC BAY CITIES COIN CLUB www.baycitiescoinclub.org 7


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2010 OFFICERSPresident

Garn AndersonVice Presiden tRichard Navarro

Secretary/EditorJack von Bloeker III

TreasurerGeorge Gill

Meetings are normally held at the El Segundo Library, 111 West Mariposa Avenue,El Segundo, CA. Next meeting is on Thursday, March 11th@ 6:30 PM

(Place & time are subject to change)


Items of interest for this newsletter

can be mailed to:The BCCC Journalc/o Jack von Bloeker III5714 Apia DriveCypress, CA 90630or emailed to:

[email protected]

Coin ShowsMar 13-14 Buena ParkRetail Clerks Hall, 8550 Stanton Ave., Free parkingHrs: Sat. 10AM-6PM Sun. 10AM-4PM ADMMar 28 Verdugo Hills

Van Nuys Masonic Hall, 14750 Sherman Way, Free parking

Hrs: Sun. 10AM-5PM ADM

Member SpotlightMarchWalt Ostomecki (Program) AprilScott Stahler MayBill Chin

RefreshmentsMarchRichard Long & Bill Chin AprilScott Stahler & ????

PRESENTATION OF OUR NEW MEMBER BADGES

We hope our mem bers are pleased with their new badges!

march 2010 - volume 1 issue 3

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