ODCC The Numismatic Reporter - oshawacoinclub.comoshawacoinclub.com/newsletters/Newsletter.pdf · Oshawa & District Coin club Minutes of FEB.11,th 2018 meeting EXCUTIVE meeting: called

VOLUME # 58 ISSUE # 5 MAY. 2018 Circulation Page 1 of 8

EXECUTIVE 2016 to 2018 Past President : Bruce Watt * President Sharon MacLean Vice President Vacant Treasurer Vic Shewchuk Editor Sharon MacLean Secretary Steve Marcelle Web master Steve Marcelle Show chair Sharon MacLean Membership Sharon MacLean Librarian Paul Strong Education Paul Strong Directors Ed Keetch Marion Alexander Ernie Ruch

ODCC c/o Sharon MacLean, 607 Dorchester Dr. Oshawa, Ontario L1J 6L3

Oshawa & District Coin Club

Name:___________________________

Membership # :________________

he next meeting is MAY 06th 2018 Doors open at 12:30 P.M.at Rundle Park Community Centre ( Located at Park & Gibb.). Remember that the Oshawa &

District Coin Club is always open to friends and relatives. Please feel free to bring your friends and neighbors. Its nice to meet new people and you never know you may just generate new interest in the hobby.

The Numismatic Reporter

FROM THE PRES:

Hello everyone, well the weather is improving after that horrendous wicked ice storm we had plus the wind storm also ( which blew down a couple fences in my area). I hope every-one took extra precautions so not to have a nasty spill and re-frained from going out if possible. It was like a mirror that night and couldn’t shovel it as it was to heavy. Hopefully we will have nicer weather from here on out. We will be scheduling a presentation with dick Dunn on Bonds

See you all May 06th S

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Internet Email: [email protected] Club Hotline 905-728-1352 Club Web: www.oshawacoinclub. com

Oshawa & District Coin club Minutes of APRIL 08 th. 2018 meeting EXCUTIVE meeting: called - Five present - quorum Present : were Sharon, Vic, Paul, Ed & Steve Absent - Ernie, & Marion Items were to be discussed but no new information was obtained. or given

REGULAR MEETING Time 2:00 pm Call to Order Members present: 29 1. CALL TO ORDER/OPENING REMARKS President Sharon Maclean, Welcomed everyone in attendance, And wished they all had a great Easter 2. SECRETARY’S REPORT: Report read: by Steve Any errors or omissions: None Motion to accept Minutes as read; by; Al Hynes Second by; Ron Motion: Carried 3. TREASURES REPORT: Report read: by Vic Shewchuk Club Balance after expenses - Good Any errors or omissions: A small correction in the security figure was mentioned Motion to accept the treasures report as read by: Steven Marcelle Second by: Al Hynes Motion: Carried 4. Library Report: Paul mentioned new Charlton Catalogs received 5. Additions to Agenda—not requested 6. Approval of Agenda—Not applicable 7. Business out of previous meeting—none PRESENTATION: April Topic : Collecting Ancients Coins 101 Steven gave a discussion & slide presentation on the chronology of coined money and how we can acquire to this day many ancient coins for reasonable fees. ancients coins it was very informative with questions afterwards thank you steve Steve will continue the topic of collecting ancients and enjoying history in coin (to be scheduled ) 9. PRESIDENTS REMARKS: Discussed : general news items from around & updates Club news: Sharon mentioned and showed the news article on the restaurant that will open in May near the Pavilion called JUBS PUB AND PATIO OPEN FLOOR for DISCUSSION: : AL & Norm both again thanked the club for inserting their flyer in the news : Al mentioned they had a good turnout at the Canadian Tire Collectors show. 11. ADJOURNMENT (2:50 pm) Motion to Adjourn by – Al Hynes , Second; Norm Belstein, Motion carried. Attendance draw won by: Stu Moffitt Door draws : 1st. Elwyn Jones & 2nd by Mulichive Donation auction was held Next Meeting: MAY 06th /18

The Numismatic Reporter

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Mr. Mrs. Miss. Jr. :_______________________________________________ Address:_______________________________________________________ City:_________________________________ Province:_____________ Postal Code:________________ Phone:( )___________________ Affiliations: CNA#_________ONA#_________CPMS#_________

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To read news by ; (check one) Mail_________ internet __________

Dues per year (January–December) Regular $ 8.00 Junior $ 3.00 Family $10.00 Oshawa & District Coin Club c/o Sharon MacLean 607 Dorchester Dr. Oshawa, Ont. L1J 6L3

MEMBERSHIPS

EDUCATION

CLASSIFIEDS

CLUB ITEMS

EXCUTIVE MEETING; called for 1:45 p.m.

May topic ; Canadian Gold Coins -discusses the early Canadian gold coins

well as modern issues from the royal Canadian mint

: NOTE! All memberships that have NOT renewed for 2018 have been removed from the mailing list

2018 Memberships can still be done at any meeting So please get your membership renewed and be updated and current. : YOUR ADI Please inform me any change of your adi no matter how small to keep updated

: NOTE!!!!!! Classified can also be used for items wanted or for sale

: Their can be additional ads put in so consider putting one in.

: if you are having any trouble regarding the web or mailing please contact me.

***** PLEASE NOTE!! You must log onto the club website to read the newsletter

May 5th Timmins 10-4pm contact kevin - [email protected] May 6th Windsor 10-4pm admis $1 contact Margret - [email protected] May 12th North York 9-3 pm Contact Paul [email protected]

COMING SHOWS /18

This summer there will be a whole new way to enjoy Oshawa’s Lakeview Park. Owner and operator of the Jubilee Pavilion Danny Kallinteris says they already had the banquet venue, canteen, chip trucks and ice cream trucks at the park, but visitors had been asking for more. “A lot of the guests were down at the park saying, ‘Is there a sit down restaurant, somewhere we can grab a beer, a pop, a variety of menu’ and finally

it’s arrived,” boasted Kallinteris. The Jube Pub and Patio will offer a 1,700 square foot patio overlooking the lake, with the occupancy inside still undergoing final approvals. Kallinteris says the site will be fully licensed and will operate year round. “Up until now we’ve been ser-vicing the season in the summer,” said Kallinteris. “With nothing else going on in the park, roughly 5,000 guests [come to the park] every day in the summer on the weekends. He’s hoping it will keep people coming to the waterfront even when the weather turns cold. The expansion was subject to multiple levels of approval as the site is and will remain city owned. However Councillor John Aker is looking forward to highlighting Oshawa’s gem. “Patrons will be able to see the lake, they’re going to have all the benefits of the beautiful park in front of them and the beautiful lake,” said Aker. “The concept is for it to be open year round and for people to hopefully enjoy Lakeview Park not just four or five months of the year,” said Aker. As for the name, Kallinteris says they knew the public wouldn’t accept anything else.“Because the Jubilee is so well known everybody will say ‘Just go down to the Jube,’ so we named it the Jube Pub and Patio,” said Kallinteris. It’s scheduled to open in early May.

Bitcoin is having a terrible 2018.

The digital currency has slumped roughly 50% since the start of the year, dropping below $7,000 on Friday morning in Asia. Less than four months ago, it was trading close to $20,000. The latest losses follow moves to step up regulation of cryptocurrencies in Europe and Asia. Japan, two virtual currency exchanges closed down this week. The trading platforms, Mr Exchange and Tokyo Gateway, both failed to secure a license from Japan's Financial Services Agency. The "regulatory clampdown in Japan is a massive negative, Japan is one of the countries where trading in bitcoin and other digital currencies exploded last year, helping to drive up prices as mom-and-pop investors piled in. Half of recent global trading in bitcoin was carried out in Japanese yen, The Japanese government officially recognized bitcoin as a form of currency last year and started licensing exchanges. But regulators have stepped up scrutiny of the industry after about $530 mil-lion in digital currency was stolen from an exchange in January. New rules in Europe limit the amount of money that investors can borrow to trade cryptocurrencies could also be weighing on bitcoin's price. Earlier this week, Twitter announced that it would no longer be running ads tied to cryptocurrencies. Both Face-book , and Google have announced similar bans on ads, The US Securities and Exchange Commission has been trying to rein in cryptocurrency trading in recent months, saying investors should only buy and sell through registered exchanges. Bitcoin has bounced back from steep drops in the past. It dropped below $7,000 early February before rallying above $11,000 later that onth. By Friday PM in Asia, it had recovered some of its earlier losses to above $7,000.

Fully licensed patio and restaurant coming to Oshawa’s Lakeview Park

$30M U.S. dollar bill collection: The world’s most valuable

New $20 coin captures one of Canada's closest UFO encounters

When $76,000 in cash is really worth $30 million; take a look at the rarestcollection ever assembled, dating back to early

19th century. The world’s rarest, most valued print money collection ever assembled goes up for auction in Baltimore, Maryland and while the

pile of cash is only worth $76,000 on paper, it’s expected to draw upwards of $30 million. “A lot of bills the U.S. government doesn’t even

have a copy of them,” the 240-piece collection was assembled by Joel R. Anderson and contains a number of historical notes from 1812 to

1923, with many of them worth several millions each. “A lot of them are large-sized bank notes which started in the

1860s, when the U.S. government really got involved in currency business in a big way because of the civil

war going on, and they needed to finance that and they were scrambling to figure out a way,” One of the

most expensive bills is a 1891 $1,000 Silver Certificate “Mercy” Note, which is sometimes consider the

“unicorn” of United States paper money, and it is estimated to draw $1.75 million to $2.25 million because

there are only two of them left in the world. Anderson, who has been collecting notes for several decades,

decided to sell his collection after reaching his goal of acquiring one of every major lines of money ever pro-

duced by the U.S. government. “I think for him a lot of it was about the thrill of the hunt at first and then you

hit this brick wall when you can’t add to it and you say maybe it’s time to sell The notes will now be broken

apart in a series of three auctions this year, with the first one next week in Baltimore, followed by one in Phil-

adelphia in the summer, and the last one back in Baltimore in November. The auctions will draw a lot of long-

time collectors that started when they were kids as well as a lot of overseas collectors who are interested in

old U.S. bills. “In China, we have to open a Hong Kong office to crater to the demand of Chinese collectors in

recent years,” he says. NOTE!! Auction 1. Already held and garnered 8 mill. Two others are to come later

Around lunchtime, so the story goes, when Stefan Michalak saw several unusual silver objects cross the sky in Manitoba’s White-shell Provincial Park. It was May 20, 1967, and Michalak, an avid rock collector, was searching for new specimens near the shores of Falcon Lake. What unfolded that day would go down in Canadian history as one of the country’s best-documented UFO encoun-ters – one that’s now commemorated in a limited-edition coin from the Royal Canadian Mint. But at the time, Michalak didn’t know what to make of the strange silver objects, even as one of them landed on a rocky outcropping nearby. So he decided to pull out some paper and sketch the object, according to author Chris Rutkowski, who detailed the encoun-ter in the book “When They Appeared.”

“He thought it was some sort of American secret Apollo moon landing thing that got astray,” Rutkowski said. Michalak was perplexed by what he saw, so he walked over and touched the side of the object. It was so hot, it burned his glove. That’s when, rather sudden-ly, the object shot back into the sky. “Then this thing took off and blasted a hot gas on him, setting his clothes on fire, injuring him and then giving him some burns on his abdomen as well,” Rutkowski said. The Falcon Lake incident, as it’s come to be known, has cemented itself in Canadian lore for 51 years.

“The Royal Canadian Mint is known for having polar bears and maple leaves and beautiful natural settings on coins, but we also do a lot of coins that reflect Canada’s culture. And some of our best Canadian stories are actually supernatural stories,” she said, citing the Ogopogo in Lake Okanagan and Quebec’s werewolf-like loup-garou.

The coin has a $20 value but retails for $129.95. Made from pure silver, the one-ounce coin comes with a black light that, when shone on the oblong currency, reveals the yellowish blast that burned Michalak. Only 4,000 of the coins will be produced, making the currency highly collectible, Crawford said. The unusual coin has drawn new attention to an unusual incident that, for believers, repre-sents a significant moment in Canadian UFO history. “It’s an interesting case, because you have physical evidence as well as the

witness’ story,” .

Two US representatives -- Democrat Barbara Lee and Republican Bruce Poliquin Thurs-day introduced a bill to inject coin circulation with quarters that feature prominent wom-en in American history. The program would mimic the state landmarks, the US Mint would turn out coins featuring women selected by leaders from all 50 states, five territo-ries and DC. The portraits to appear on the back of the coins, opposite George Washing-ton. "We have so many women, who are unsung heroes, and their accomplishments haven't been recog-nized," "This bill, & hopefully coins, gives a chance to really highlight them and let the world really know who they are .The legislation, during Women's History Month, would direct the governor or top official in each state or territory to consult with local women's organizations about their pick. No living people can appear on coins, so the women must be deceased, the bill stipulates. The first design mockups could ar-rive in 2020, the 100th anniversary of women gaining the right to vote. Rios fought tooth-and-nail for more female faces on US currency since she arrived in Washington DC . The Treasury Secretary, has final say when it comes to redesigning paper currency. And former Treasury Secretary Jack Lew ultimately de-cided to keep Alexander Hamilton as the face of the $10. But he promised Harriet Tubman could one day replace Andrew Jackson on the $20, and he pledged to put a collage of female leaders on the back of the $10. Even as Rios was pushing for a woman on the $10 bill, she was also quietly working with Lee on the coin legislation. Changes to coins must go through Congress. "I had a whole plan,". "It wasn't just a wom-an for the sake of a woman. I knew our timeline [for issuing updated coins and currency] was 2020, the suffrage centennial.. Both are optimistic the measure will pass. Asked who they'd like to see on their home states' quarters, Lee said she doesn't have a specific woman in mind. Poliquin mentioned Margaret Chase Smith, a Maine lawmaker the first woman to serve in both houses of the United States Congress. And Rios mentioned famed poet Maya Angelou,

Just in time for Saint Patrick’s Day — two construction workers in discovered a real-life “pot o’ gold.” Workers from water company Oasen made the stunning find when laying pipes in the new town of Hoef and Haag, They dug up a medieval cooking pot that contained 12 gold and 462 silver coins. The coins have been dated to the 15th century. After finding the pot, "it literally and figuratively rained coins RTV Utrecht rep orts that experts immediately visited the site and used a metal detector to recover all the coins. Some of the coins were found with textiles, which had appar-ently been used as a sort of protective roll. The coins were transferred to the Omgevingsdienst regio Utrecht (Regional Environment Agency Utrecht) for analysis by archaeologist Peter de Boer, according to RTV Utrecht. Most of the coins date back to the 1470s and 1480s. Notable artifacts among the hoard include a rare “Salut d’or” gold coin of King Hen-ry VI of England and France that was struck in Paris in the early 15th century. Coins from David of Burgundy, a 15th cen-tury bishop of Utrecht, and Pope Paul II, were also found. Details of the discovery, which was made in August 2017, was revealed in a press event in the Dutch city of Vianen earlier this month. In its statement, Oasen said that a num-ber of the coins will be cleaned during the coming weeks. They will then be analyzed by experts at De Nederlandsche Bank, Hol- land’s central bank.

Throughout history, the majority of the faces on US coins belonged to

men. a new bipartisan bill aims to give more women a metal memorial.

Medieval 'pot o' gold' discovered by construction workers