Welcome to the C.N.A. E-Bulletin - Volume 1, Number 5 - March 1, 2005:An electronic publication of the Canadian Numismatic AssociationCopyright © 2005, the Canadian Numismatic Association
Thank you not only to the people that have sent us e-mails, but also the many media-types that have given us ink in their publications. We know that a few publications have, or are about to, mention us, including Coin World, Numismatic News, ANA Numismatics, Canadian Coin News, Numismatic Bibliomania Society's E-Sylum, Canadian Coin Reference Site and numerous local and regional coin club bulletins. If you know of any publications that have mentioned us, please e-mail us at firstname.lastname@example.org so that we can thank them publicly...and give them a reciprocal plug.
We have been getting excellent comments about this bulletin. Please cut it out because it only encourages us to continue to publish a) long bulletins, b) humorous stuff and c) frequent bulletins. Yes, we will be publishing three again in March due to the fact that there is a lot of stuff happening out there that we want to pass along and there are many people to honor!
Daniel Gosling proposed the addition of the header you see on top. He also suggested wording at the conclusion of the bulletin, some of which is incorporated in this bulletin.
WE GOT MAIL
>From Michael S. Fey: "This is to offer my congratulations on the successful launch of your C.N.A. E-Bulletin. I am an avid collector of all Canadian and Maritime Province coins, and a member of the C.N.A. The Society of Silver Dollar Collectors' VAM-E was the single most important development for the growth of our organization than anything else we ever tried in the old SSDC. It keeps members informed and in communication with one another. It enhances collector interest and pleasure in their special interests of collecting. I am sure it will do the same for the C.N.A. (Michael S. Fey, Ph.D. was a founder and is current Vice-President of the new Society of Silver Dollar Collectors and co-author of the "Top 100 Morgan Dollar Varieties: The VAM Keys" book, as well as a founder of the SSDC's VAM-E (email@example.com). He is currently running for Board of Governor of the American Numismatic Association). - Credit for the C.N.A. E-Bulletin belongs exclusively to Charles "Chuck" Moore, President of the C.N.A., although I am not so modest as to reject credit for its success. Chuck tricked me into taking on this gig under false pretenses: he claimed I didn't have enough to do in my normal life and he says he couldn't find anyone else to do it, but I now find out he didn't even try! Incidentally, if you ever have complaints about the contents of these E-Bulletins, the C.N.A. President's e-mail address is firstname.lastname@example.org.
>From Don Young: "Thanks for including me on your list to receive your publication, I also print these out to share with the members of The Louisville Coin Club (Louisville KY.) I enjoy each issue I get." (Don is currently President of the Louisville Coin Club, and Secretary/Treasurer as well as Editor of the Kentucky State Numismatic Association. He is also the ANA's Regional Coordinator for Region 11, plus a few other hats that he has worn over past years) - One thing I have noticed: there are never enough volunteers to go around. When one person does something well, they tend to get picked on for numerous other assignments. And they keep accepting because, we are willing to bet, they enjoy it. So congratulations on your involvement, Don!
Frank Fesco writes: "The book I mentioned in the last issue, "La Monnaie des Sauvages" by Jonathan C. Lainey, was published in 2004 by Septentrion, as ISBN 2-89448-394-5. I was informed that it was in the French section of Canadian Chapters, but forgot that this Bulletin has no 49th parallel. Good show!"
>From Randy Nelson: "Could you bold the titles of the different topics? It sure would make them stand out and would make the bulletin easier to read?" - Thank you for making suggestions to try to improve the bulletin. The original is typed in a MS Word file which has the headings in bold and you are right. It not only makes them stand out but the whole bulletin looks better because it gives it some "life" and much better eye appeal. Unfortunately, my Internet Service Provider tells me that to get formatting like that, I would have to go to a whole new level of Webmastering. We use a Webhosting site where our controls are limited to inputting e-mail addresses, stripping in the message and that's it - no bolding, no sending it as an MS Word attachment. Other e-bulletins such as the E-Sylum or VAM-E are in the same boat.
Jessica writes: "I know it might seem a little desperate, but how would you like to keep me some company? I am getting divorced from my husband, and need a part time man in my life." - Golly, now there is a lady that appreciates editors!
Claire writes: "Looking for something wild? Then explore a jungle of desires and needs. Your one stop source for what you are seeking." - But there is no reference to numismatics on your Website! So how can you possibly satisfy our desires and needs for what we are seeking?
WHAT WOULD YOU DO WITH 20 TONS OF CHANGE - PART 2
In the last bulletin, we told you that 3.6 million, or over 20 tons, of 5-cent pieces were stolen from a tractor-trailer. While the Americans are busy stealing truckloads of (virtually) worthless coins, we Canadians have our own ideas of what is worth stealing.
The Canadian Press wire service reports that a truckload of Moosehead beer en route to Toronto, for eventual exporting to Mexico, was stolen by a New Brunswick man, Wade Haines. He appeared before judge and jury last week as his trial opened on a charge of theft in connection with the disappearance of about 50,000 cans of the beer.
Most of the beer, with its distinctive Spanish labeling, was never recovered, although a few stashes of the stolen suds turned up in different areas of the province. A pile of it was discovered by police at a marijuana operation deep in the woods near Doaktown, NB. Police found bears consuming some of the beer. A spokesman for Moosehead beer stated that the brewery was pleased to see the bears favored the New Brunswick-brewed beer. "The thing that really impressed us is the bears chose the Moosehead beer over the dope," Joel Levesque boasted.
Now doesn't that make a lot more sense than stealing a truckload of 5-cent pieces? At least we know what to do with the beer!
Okay, Americans, your turn to tell us at email@example.com how you excel over Canadians. As usual, serious answers will be ignored, while funny stuff gets the prizes. Please make sure there is a numismatic tie-in like we did above between stealing the coins and stealing the beer.
CANADIAN VARIETIES POPULAR
Michael S. Fey writes: "I am fascinated by both classic Canadian rarities as well as interesting Canadian varieties. Kudos should be extended to Canadian variety expert Ken Potter, and to the editors of the latest Charlton catalog and other Canadian authors for expanding their listings of Canadian varieties. There is a definite trend of increasing interest in these types of coins in both the U.S. and Canada. I, for one, love to hear about new discoveries and read historical information about past discoveries. It wasn't until I purchased and read an old collection of past C.N.A. Journals that I discovered such incredible historical references as Michael Hurley's "A Survey of the Availability of Eight Key Date Decimal Coins", or. T.E. Klunzinger's wonderful population analysis "A Mystery Solved: The 1873-H Newfoundland 5 c Silver". Where else could one find information about "A Review of Mintages & Dies of Canada and Newfoundland Coins from 1884-1912" than that reported by J.C. Levesque, or the discovery of "An Important Variety of the Fifty-Cent Piece of 1982" by K. Wionzeck and J. Ward than in the archives of the C.N.A. Journal. Where else can one obtain specific details about "Grading Mint State (Canadian) Coins than from none other than Brian Cornwell, President of ICCS. Or, learn about the "Cornwell Report", a census and report of the trading history of great Canadian numismatic rarities. It comes from information shared by authors published in the C.N.A. Journal and by the cross-fertilization of knowledge shared in the C.N.A. E-Bulletin. Thank you for making these great references and tools available to all of us!" - Be careful, Chuck might appoint you C.N.A. Publicity Chairman if you have such nice things to say about the C.N.A.!
RESPONSES TO UFO JETON
>From Joe Kennedy: "This looks to me like an underwater scene with foaming waves, a jellyfish, and a seascape with anemones. The surface of the water is portrayed as horizontal lines. Presumably the artist did not have exact taxonomic information for drawing a jellyfish. To put this in a Canadian context, have you seen the first drawings Europeans made of the North American beaver? It looked like a weird alien too!
RESPONSES TO HOW TO STOP LOSING BAGS OF MONEY
>From William Burwell: "Tether cord the money bags to their employees. The same idea as our parents did with our mittens as children."
>From Brent W.J. Mackie: "I would create a giant vault, fill it with the coins, just like Scrooge McDuck from the cartoon series. (Brent is the Global Moderator for the Canadian Paper Money Forum. Catch them at www.cdnpapermoney.com or moneymuseum.bwjm.ca - We think Brent is just trying to get coins out of circulation so everyone is forced to use the paper money he loves.
Another from Brent W.J. Makie: "Let me keep track of all Securicor's money. At least they won't lose it by having it fall out of a truck. They'll just lose it by never ever getting it back from me!" - Great idea, but get in line with the other 2,073 people reading this (an increase of 28 from the last issue).
20 REASONS WHY COIN COLLECTING IS BEST
With all the choices the young collector has today, collector Chris Boyer, who is a member of the C.N.A. Young Numismatists Committee, is wondering, why choose coin collecting? So he came up with the following list:
There are hockey cars, stickers, milk caps (also known as POGs), and all sorts of objects to collect, trade and learn about. What follows is a mostly "tongue in cheek" list to promote coin collecting.
1. Coins have two sides - stamps only have one!2. Coins can't be easily bent like hockey cards!3. Everyone uses coins. Not everyone uses stamps!4. You can always spend coins. Try spending POGs!5. Coin collecting is America's most popular hobby!6. Everyone is a coin collector, whether one knows it or not. (Just look in your pocket or change purse!)7. Coins have a value marked on them. Not hockey cards!8. Coins aren't bulky like dolls or marbles!9. It's possible to find a rare coin in change. It's hard to find rare stamps at the post office.10. POGs are made of plastic and can break - not coins!11. You have to buy hockey cars - coins come in change!12. Coins aren't a fad like POGs, which were "for a day."13. Coins are worth more than what they're made of. Some hockey cards aren't worth the cardboard they're on!14. You don't have to unglue coins like you do for stamps!15. You can reuse coins. Just try reusing stamps!16. You can tighten a screw with a dime - try using a 10-cent stamp!17. Telephone cards eventually run out - not coins!18. Blind people can feel coins. Try that with stamps!19. Coins have dates on them. Not most other collectibles!20. Coins are cool!
It's easy to see why coin collecting is North America's most popular hobby! If you have other reasons, tell us at firstname.lastname@example.org. It's got to be funny, though, because we already know all the serious reasons why we are involved.
Jerome Fourre writes: "To Roger Fox, two term President of the Canadian Tire Coupon Collectors Club, for his recent triple bypass surgery. Roger has been involved in numismatics for the last 40 to 50 years. He is also an honorary life member of the North York Coin Club. But he really shined as President of the CTCCC by making unprecedented inroads with the head office of Canadian Tire Corporation and also by obtaining a CTC logo licensing agreement for the Club. Thank You Roger! All the members of the Club wish you a prompt recovery and we can't wait for you to pick up where you left off."
To the family of Somer James, who succumbed to his long struggle with Parkinson's disease. In 1958, Somer established Regency Coin and Stamp Company. He wrote several books on Canadian coins, stamps and tokens and a catalogue on British Commonwealth coins. He was a well-known advertiser and developed a large mail order business. He was a life member of the Canadian Numismatic Association.
Somer, born in Toronto in 1921, served in many theatres of war. In 1943, in the harbor of Naples, Italy, under enemy fire, he was credited with saving the British ship, Empire Lightning, from very serious damage. For this courageous action he was awarded the British Empire Medal as well as Lloyd's Medal for Bravery (there were only three Canadians decorated with the Lloyd's Medal for Bravery during the Second World War). Somer's decorations and six campaign medals with other memorabilia were donated to the Canadian War Museum in Ottawa. They will be displayed in the new building of the museum that is due to open in May 2005.
UPCOMING SHOWS AND MEETINGS
A basic listing of shows hosted by C.N.A. member clubs or managed by C.N.A. members.
March 4 - 6, 2005, Montreal, P.Q. - NUPHILEX, Holiday Inn Midtown, 420 Sherbrooke Street West. Hours: Fri 11 a.m. to 6 p.m., Saturday 10 a.m. to 6 p.m., Sunday 10 a.m. to 4 p.m. Coin and stamp auctions by Lower Canada Auctions. For more information, contact Louis Chevrier (450) 448-3662, Gabriel Sebag (514) 842-6898, e-mail email@example.com or go to www.nuphilex.com. Holiday Inn room reservations (514) 842-6111.
MARCH 12 - 13, Calgary, AB - Calgary Numismatic Society's Spring Show, Holiday Inn Hotel Downtown, 119 - 12 Avenue SW. Hours: Sat. 10 a.m. to 5 p.m.; Sun. 10 a.m. to 3 p.m. Sat. Information from Harv Gamer at (403) 685-1073 or firstname.lastname@example.org. Information on the auction by Diverse Equities Inc. from (403) 650-1928 or e-mail at: email@example.com.
March 19, 2005, Cambridge, Ontario - Cambridge Coin Club's 14th Annual Coin Show, Cambridge Newfoundland Club, 1500 Dunbar Rd. Hours are 9 a.m. to 4 p.m. Over 40 bourse tables. Information from Wolfe at firstname.lastname@example.org. Proceeds of convention donated to a charitable organization.
MARCH 19 - 20, Edmonton, AB - Edmonton Numismatic Society's Money Show, Coast Terrace Inn, 4440 Gateway Blvd., Imperial Ballroom, Level P1. Hours: Sat. 10 a.m. to 5:30 p.m.; Sun. 10 a.m. to 4:30 p.m. 50 bourse tables. Displays. Door Prize Draws include $100 gold coin. Sunday morning Breakfast meeting with guest speaker only $12/person (must RSVP). Information from Michael Schneider, (780) 496-6602 or e-mail email@example.com. Web site: www.edmontoncoinclub.com.
JULY 20-24, 2005 - CALGARY, Alberta - 52nd Annual Convention of the Canadian Numismatic Association. Hosted by the Calgary Numismatic Society. At the Westin Hotel/Downtown, 320 - 4th Ave. SW, Calgary, Alberta. Bourse room open Thursday through Saturday, July 21 - 23. Information from www.canadian-numismatic.org (click on the link to the 2005 C.N.A. Convention) or Chris Clifton (403) 381-1850 firstname.lastname@example.org. Information on auction by Diverse Equities Inc. from (403) 650-1928 or e-mail at: email@example.com.
TOREX CONCLUDES FIRST SHOW AT NEW LOCATION
>From all reports, everyone found the new location of Torex, the Radisson Admiral Hotel in downtown Toronto, much better than even the previous locations. The bourse room is larger, leaving the aisles "about three times wider" according to one quote. The large foyer enabled show organizers to offer complimentary table space to the A.N.A., which was manned by no less than their President, Gary Lewis. The C.N.A. Information Table was manned by John Regitko, C.N.A.'s Executive Secretary.
The A.N.A. President took the opportunity to sit in on the C.N.A. Executive meeting held at Torex, offering a number of suggestions. Gary Lewis also presented an ANA President's Award to Charles Moore, C.N.A. President.
$10,000 MISSING AT BANK OF CANADAAccording to a Canadian Press release, the Bank of Canada fired an employee recently after $10,000 in cash went missing from its Toronto banknote facility - a rare breach at an institution that prides itself on tight security.
"After our verification, there's $10,000 of money that's unaccounted for," bank spokesperson Geoffrey King said in an interview. An internal bank document, obtained under the Access to Information Act, indicates the cash disappeared February 4 but was not reported to head office until a week later. The bank's investigation into the missing money included a review of workplace videos that show employees receiving and counting cash. King said an employee was terminated during the investigation.
Peel Regional Police's fraud squad was called in to investigate, and has charged Aneta Grzela, 29, of Mississauga, with theft over $5,000. King said police confiscated some money for evidence and the bank would attempt to recover the funds after all court hearings are concluded.
The alleged theft occurred in a section of the Toronto center where large bundles of cash are received from chartered banks and verified. The center later checks the currency for wear and dirt, disposing of some and recirculating the remainder back to financial institutions, King said.
New employees at the sorting center must undergo security checks but are not bonded, he added. King would not say whether security procedures have been tightened at the Toronto center but said "controls in place obviously worked." The internal bank document criticized parts of the investigative process, noting some documentation was mishandled.
The amount missing on February 4 pales in comparison with $1 million cash the central bank lost track of in 2001 at an Ottawa shredding center. One thousand $1,000 notes remained unaccounted for after an exhaustive internal investigation concluded that "misappropriation of banknotes cannot be conclusively ruled out."
Workplace videotapes were so unclear that investigators could not determine what happened, and the bank later spent about $100,000 installing new surveillance equipment at the Ottawa plant.
Central bank officials later said they believed the missing million was merely an accounting and inventory error. No one was charged or disciplined after that incident.
BLUENOSE HOME UP FOR SALE
We know that most coin collectors got their start collecting stamps when they were younger...until they saw the light and "graduated" to become numismatists (are we starting a war between numismatists and philatelists by saying that?). But the two hobbies are, quite often, intertwined since Canada Post and the Royal Canadian Mint issue stamps and coins with the same themes. The history, therefore, is also overlapping between the two hobbies.
In a recent issue of Canadian Stamp News (sister publication of Canadian Coin News, both published by Trajan Publishing, Irving C. Whynot wrote an article on the area where the Bluenose was constructed. The Bluenose is the ship that has appeared on the Canadian 10-cent piece since 1937. He writes, in part:
"A major slice of Canadian history is up for sale, one with a number of stamp (and coin) relationships. A large section of the Lunenburg, NS waterfront - including the yards where the famed schooner Bluenose was constructed - is on the market.
"This town of about 2,000 on the province's south shore is a United Nations heritage site, and has long been associated with the fishing industry and allied pursuits. However, the industry is changing and a major seafood company has listed more than 20 buildings up for sale with a price tag of about $9.5 million. Locals who take great pride in their town are worried about what new owners would plan for the site, but accept that change is inevitable.
"Among the buildings for sale is the last remaining dory shop in North America, which has turned out close to 4,000 of the versatile craft.
"Lunenburg was the first British colonial settlement in Nova Scotia outside of Halifax and is a trove of architectural history. The UN called it the top surviving example of a British colonial settlement in North America."
So if you like to see numismatic (and philatelic) history preserved and you have $9.5 million to spare, along with probably another $20 million for repairs and upkeep, they're waiting for your call!
WHAT DO YOU CALL A GROUP OF NUMISMATISTS?We all know it's a gaggle of geese, a pride of lions, a flock of sheep. But what do you call a group of numismatists.
A "bunch" of numismatists doesn't count. Neither does "a group of Seniors." Send your answer to firstname.lastname@example.org. Funny or serious accepted. Prizes for the best.
THE NATIONAL CURRENCY MUSEUM
We had the pleasure to view the exhibits at the National Currency Museum in Ottawa the other day. Other than the exhibits, the Museum has a wonderful array of souvenirs that you can purchase. We must admit that we were rather surprised at the number of different coin replicas of ancient coins that are for sale, but we each collect what we want to collect, and if we can't afford the real thing, then....go to the National Currency Museum and buy the replica!
Another surprise was finding out what happens to our mutilated Canadian currency. We know that in the U.S., we could buy shredded currency in bottles, the shaft of pens, decorative wreaths, etc. It was never available with Canadian currency...until about a year ago. Now, it comes to us in small tubes, courtesy of the sales kiosk at the National Currency Collection at $1.99 each.
The biggest surprise by far, however, was finding out what they do with all the shredded currency that does not wind up in these $1.99 tubes. We have always known it was burned in an incinerator. Now we find out, again thanks to the $1.99 tube of shredded notes that has an informational note attached, that tells us that "Bank note shred is collected in large bins, which are then discarded daily in landfill sites." Who will be the first person to tell your C.N.A. E-Bulletin Editor at email@example.com which landfill site it winds up in? Shouldn't be too difficult. The note tells us that the distribution centres process approximately $50 million notes per year, so there should be a lot of shredded money blowing around in the wind somewhere.
For information on the Currency Museum, go to www.currencymuseum.ca.
BANK OF CANADA HONOURS POLICEMEN FOR COUNTERFEIT DETERRENCEThe Bank of Canada has honored three investigators of the Toronto police fraud squad for their role in smashing a sophisticated counterfeit ring and the seizure of some $3 million in counterfeit currency, as well as the successful dismantling of multiple counterfeit production facilities in the Toronto area.
The three were presented with the first Law Enforcement Award of Excellence for Counterfeit Deterrence. They are Detective Carmine Palermo and Detective Constables Tom Hancock and Harjit Sangha. Detective Staff Inspector Tony Crawford was presented with a plaque in recognition of his unit's dedication to counterfeit deterrence and prevention at a press conference in Toronto.
The officers' discovery of a suspected counterfeiting network led to a five-month undercover investigation that also involved members of the Ontario Provincial Police, the Peel, York and Hamilton police forces and the United States Secret Service. Eight people were arrested.
According to the Bank of Canada, counterfeiting more than doubled in 2003 from the previous year and has become a worldwide problem because of new technology.
The Bank of Canada award was created to recognize the dedication and initiative of Canadian law-enforcement personnel in deterring and preventing bank note counterfeiting. "The Bank believes that it is especially important to recognize these efforts, since they have prevented large volumes of counterfeit notes from reaching Canadians and entering into circulation," said Paul Jenkins, Senior Deputy Governor of the Bank.
INVESTING IN COINS
The Toronto Star reports that unpredictable returns from stock and mutual fund portfolios often bring thoughts of diversification. Sharda Prashad, Business Reporter, asks "Why not invest in collectibles instead of boring financial instruments?"
So what does Prashad include in the column? "In December, the Wall Street Journal reported that the coin index - the CU3000 Rare Coin Index - had outpaced the S&P over the past three years."
Eric Kirzener, finance professor at the University of Toronto, says only those with a real expertise should be investing in collectibles with the purpose of financial gain. He also says that collectibles offer "a nice diversification with a low correlation to the stock and bond markets."
IN PRAISE OF COIN CLUBS
Canadian Coin News recently published the following comments by Mike Hollingshead, a past President of the Ontario Numismatic Association:
"My recommendation for 2005 is that you try 'the club scene.' You may have guessed that I don't mean some smoky bar where you pop ecstasy pills and guzzle highballs.
"Most numismatists do themselves the disservice of failing to attend a local coin club meeting. For me, monthly attendance at my local clubs is equivalent to a tonic - a true feeling of excitement! I can spend an evening learning from and mentoring to a group of individuals that share my collecting passion, something that doesn't happen too often in the working world. I genuinely look forward to seeing my fellow collectors and I miss them when they can't attend."
FRENCH TREASURE SHIP FOUND
Treasure hunters have found what they believe is the wreck of a treasure-laden 18th century French ship off Cape Breton, Nova Scotia.
Deep Star Exploration says it has found cannons, rigging, a rudder, cannonballs, spikes and other pieces of scattered metal, believed to be the remains of the Auguste, a French ship loaded with riches that sank in 1761. Their spokesperson, Terry Dwyer, said divers are completing survey work required before the company can apply to the Nova Scotia government for approval to recover any riches.
It is expected that, typical of the pay-load for such ships, a stash of gold and silver coins will eventually be recovered.
ONLY IN AMERICA
This E-Bulletin is going to a lot of our U.S. friends who understand what being an American is all about. But for those Canadians who might not know, allow us to explain some of the difference between Canada and the U.S. Only in America......- Do banks leave both doors open and then chain the pens to the counters. - Do they leave cars worth thousands of dollars in the driveway and put useless junk in the garage.- Do they have drive-up ATM machines with Braille lettering.- Do drugstores make the sick walk all the way to the back of the store to get their prescriptions while healthy people can buy cigarettes and candy bars at the front.- Order double cheeseburgers, large fries, and a diet coke, while contemplating surgery for being too fat.- Do they buy hot dogs in packages of ten and buns in packages of eight.- Do they use the word 'politics' to describe the process so well: 'Poli' in Latin meaning 'many' and 'tics' meaning 'bloodsucking creatures'.
Hey, wait a minute. That's the same in Canada!
C.N.A. ANNOUNCES E-MAIL ADDRESS FOR PRIVACY ISSUES
To assure that the privacy of all recipients of this C.N.A. E-Bulletin is respected and all Canadian, U.S. and International Privacy Laws are adhered to, the C.N.A. has announced a dedicated e-mail address that will handle nothing but correspondence dealing with privacy issues.
The e-mail address is firstname.lastname@example.org. Any questions or complaints about the C.N.A.'s privacy policies send to that address will be dealt with promptly.
Have you had enough yet? We had to leave so much out this issue that we are going to publish on the 10th and 20th again this month.
Your C.N.A. E-Bulletin EditorCanadian Numismatic Association
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