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SOUTH CAROLINA NUMISMATIC ASSOCIATION

Volume 36-2

May 2008

SCNA Clubs

ANDERSON AREA COIN CLUB, Tommy Burriss, President, 864-226-0779 Meets every other Tuesday, 7:00 PM Holy Trinity Lutheran Church, 209 Broad Street, Anderson Contact: Rick Laughridge, 864-231-7266, 122 Henry Avenue, Anderson, SC 29625

CAMDEN COIN CLUB*, LoRan Ross, President Meets 2nd and 4th Wednesdays each month, 7:00 PM First Community Bank, 631 West Dekalb Street Pascal Brock, Secretary

CHEROKEE COUNTY COIN CLUB, Mike Blackwell, President Meets 1st Tuesday each month, 6:00 PM Cherokee County Public Library, 300 East Rutledge Avenue, Gaffney, SC Donitta E. Braniff, Secretary, 128 Daisy Lane, Blacksburg, SC 29702

GREENVILLE COIN CLUB*, Sam Norris, President Meet each Tuesday, 7:30 PM Sears Shelter City Park, 100 East Park Avenue, Greenville, SC Mike Hendrickson, Secretary

LOW COUNTRY COIN CLUB*, Randy Clark, President Meets 1st and 3rd Wednesdays each month, 7:30 PM Felix C. Davis Community Center(Park Circle), North Charleston, SC Bill Latour, Secretary, PO Box 72198, North Charleston, SC 29415

MIDLANDS COIN CLUB*, Tony Chibbaro, President Meets 3rd Thursday each month, 7:00 PM Richland County Library, Assembly Street, Columbia, SC Bill Malinowski, Secretary, PO Box 8212, Columbia, SC 29202

MYRTLE BEACH COIN CLUB*, Ernie Turnes, Club Leader Meets 1st Tuesday each month, 6:30-8:00 Socastee Library, Route 707 Connector, Socastee-Myrtle Beach, SC 3169 Bayhaven Drive, Myrtle Beach, SC 29579 843-903-1223

PARKER COIN CLUB*, Ginnie White, President Meets each Thursday, 7:30 PM Westwood Plaza, 6247 Whitehorse Road, Greenville, SC David Burzinsky, Secretary

STEPHEN JAMES CSRA COIN CLUB, Willie Simon, President Meets 4th Thursday each month, 7:00 PM Aiken Public Library, Chesterfield Street, Aiken, SC Helen R. Barry, Secretary, PO Box 1739, Aiken, SC 29892

TRI-COUNTY COIN CLUB, Bill Cater, President 803-367-1944 114 Banks Ridge Road, Fort Mill, SC 29715

*Life Member Club

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2008 SCNA OFFICERS

JAMES R. BARRY, President

81 Veranda Lane Aiken, SC 29803 803-644-0761? Res

JRBARRY1@

SAMUEL NORRIS, III

1st Vice President 104 Kendal Court Easley, SC 29642 864-269-0375 ? Res. 864-855-2150 ? Bus. SAMUEL.NORRIS@WORLDNET.

PAUL D. WALTERS

2nd Vice President 502 E. Rutherford St Landrum, SC 29356 864-457-4831 ? Res. 864-457-3901? Bus. 864-457-7389 - Bus. P. Line PAUL3149@

PASCAL S. BROCK

Secretary P.O. Box 693 Lugoff, SC 29078 803-438-2866 ? Res.

PSBROCK@

AUSTIN M. SHEHEEN, JR.

Treasurer P. O. Box 428 Camden, SC 29020 803-432-3782 ? Res. 803-432-1424 ? Bus. AMS@

BOARD MEMBERS

TERMS EXPIRING 2008

TERMS EXPIRING 2009

John W. Kelly, Jr.

Erik S. Larsen

12 Crockett Dr.

14 Gadsden St.

Lugoff, SC 29078-9314

Charleston, SC 29401

803-438-6356 ? Res.

703-568-3083 ? Bus.

JKELLYJR@

LARSEN770@

Hugh Shull

PO Box 2522 Lexington, SC 29071 803-996-3660 ? Bus.

LoRan Ross

2504 Haile Street Ext Camden, SC 29020 803-432-0072 ? Res. 803-713-0250 ? Bus.

Gregory S. Stowers

715 Knollwood Road Columbia, SC 29209

803-783-3307? Res.

GSSTOWERS@

James R. Woods

P.O. Box 103 Cleveland, SC 29635

864- 836-7486 ? Res. BUSYSHOVEL@

PAST PRESIDENT

BOURSE CHAIRMAN

Eric Lampe

Anthony F. Chibbaro

103 Brookhaven Drive

PO Box 420

Clemson, SC 29631

Prosperity, SC 29127

864-654-1277 - Res.

803- 252?1881- Res.

SCNOTES@ 803- 364-2726 ? Bus.

CHIBBARO@

HISTORIAN Hugh Shull PO Box 2522 Lexington, SC 29071 803-996-3660 ? Bus.

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SCanner

The Official Publication of the

South Carolina Numismatic Association

Volume 36, No. 2

Table of Contents

May, 2008

Editor's Note

4

President's Message

5

Membership News

6

Application for Membership

9

SCNA and Numismatics "In the News"

10

SCNA Historical Information

13

SCNA Awards 2008

21

YN Program, Youth Award

22

Article, The Dollar Bill supplied by Ernie Turnes

23

Photographs

26

SCNA Member Club News

30

Show Calendar

35

ADVERTISING RATES FOR SCNA JOURNAL QUARTER PAGE - $35 PER YEAR HALF PAGE - $60 PER YEAR FULL PAGE - $100 PER YEAR (3 ISSUES PER YEAR)

Address for SCanner:

Address for SCNA:

SCanner Editor Erik S. Larsen 14 Gadsden Street Charleston, SC 29401 LARSEN770@ 843-853-3793

SCNA Secretary Pascal S. Brock P.O. Box 693 Lugoff, SC 29078 PSBROCK@ 803-438-2866

Deadlines for SCanner Ads, Articles, Information, etc.:

Issue: February June October

Deadline: December 15th April 1st August 1st

NOTE: These deadlines are definite. Items received after these dates are not guaranteed to be printed in the next issue.

SCNA OBJECTIVE SCNA is dedicated to the promotion and advancement of numismatics in all its dimensions...convinced that the hobby has great potential for enriching lives of those who earnestly seek its gifts. Our principal means for this is the SCANNER, the official publication, sponsored awards which seek to promote and reward excellence in many areas of hobby activity; and the annual Convention...which provides without charge to the collector, investor and general public...South Carolina's best program of numismatic education and services and the finest opportunity for buying and selling numismatic items.

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Editor's Note

By: Erik S. Larsen

Once again, this year is flying by and we have seen an extremely active coin market led by the rise in precious metals. At publication, gold is hovering around $925 per ounce and silver is around $20 per ounce. This is fueling an increase in melting of both silver and gold coins both old and new for their bullion value. A few years ago, I could pick up a common Silver Eagle one ounce coin on eBay for only $9. Now these coins command upwards of $25. I purchased a $5 gold commemorative in 2006 for the purpose of helping the American Numismatic Association fund the opening of a museum at the old "Granite Lady" San Francisco Mint and a recent article in Numismatic News said that Silvertowne, a large coin dealer from Winchester, Indiana stated that they collected between 2000 and 3000 of these coins to be melted for their bullion value. It leaves me with the thought that should I do the same or hang on to them in hopes that gold races higher or will enough people melt these coins down to make these commemoratives a rarity some day? Oh the life of a numismatist! I have noticed heavy traffic at the FUN Show, Low Country Coin Show and the Camden Coin Show.

This issue of the SCanner features an article on something that we all use every day, The Dollar Bill, which was supplied by Myrtle Beach Coin Club leader, Ernie Turnes. If you have written (or know of) any interesting articles in the world of numismatics, please feel free to forward them to the editor for publication. This forum is available to all SCNA members and topics can range from coins, paper money, medals, tokens or any numismatic historical item.

Please feel free to send your club news, comments, ideas, articles, and feedback to me at Larsen770@ or mail to P.O. Box 505, Charleston, SC 29402-0505. Please let us know about your upcoming shows, events, questions, comments or anything that you may have stumbled on in the numismatic field.

Erik S. Larsen

Editor 4

President's Message

Greetings to SCNA Members!

Well, here it is spring again, and the coin market continues to explode with ever increasing prices for quality coins, especially key dates. If the F.U.N. Show is any indication for the rest of the year things should be upbeat in the year ahead at least in investor coins! It is becoming increasingly difficult for collectors to find attractive coins at "reasonable" prices. Key dates in particular, are only possible to find in lower grades at anything approaching "realistic" prices. Nonetheless, I was able to complete my collection of early Civil War half dollars in Certified MS64 condition at the F.U.N. show.

After a run-up in coin prices over the last five years, one begins to wonder if a correction can be far off.

Unfortunately, the Euro and Pound Sterling have driven up the prices on nice ancient Greek silver pieces as a result of the inflated dollar and I was only able to purchase one nice coin from Rhodes.

My wife and I also attended the Low Country Coin Show in early February and we had a very enjoyable time. Clearly the smaller shows allow collectors a great opportunity to find coins at more reasonable prices. It also allows one to interact at a more relaxed level with dealers.

I hope you will support the many fine shows that we have across the state during the rest of the year.

Enjoy collecting.

Jim

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Membership News

It is a pleasure to welcome the latest additions to our SCNA family and we thank you for your support. We trust that your association with the SCNA will be a rewarding and educational experience for years to come!

New Members

1499 ? Jacquelyn D. Dejong

New Life Members

LM#147 ? Mr. Jack Perry Parton LM#148 ? Dr. William L. Mastriani

Note from the Editor:

Please send any address and/or name corrections to:

SCNA Secretary Mr. Pascal Brock P.O. Box 693 Lugoff, SC 29078.

Return postage and remailing of the SCanner is cost prohibitive. The SCNA appreciates your cooperation in keeping our address files up-todate. Thank you.

Members: The SCanner is always looking for numismatic articles. They can be on coins, paper money, tokens, elongated coins or medals. Please email or snail mail them to me at Larsen770@ or Post Office Box 505, Charleston, SC 29401. They will be published as space is available.

Advertising Policy: The policy is that an advertisement will run for three (3) issues. The only changes for these issues will be to change the telephone number, address or email address.

Advertisements are important to us in order to defray the costs of producing and mailing the SCanner. The SCNA and the advertising dealers would appreciate your mentioning to them having seen their ad in this journal.

6

Membership News

CALL FOR NOMIINATIONS

To comply with South Carolina Numismatic Association ByLaws, President James Barry hereby calls for nominations of officers for 2008-09 as follows:

President: First Vice President: Second Vice President: Board Members:

James Barry Samuel Norris, III Paul D. Walters John W. Kelly, Jr., Hugh Shull, Gregory S. Stowers

The names listed above are the present incumbents whose terms expire in 2008. The offices of President, First and Second Vice President are for one year. The Board Members serve two-year terms. Nominations are needed for President, First and Second Vice President and three Board Members.

Members and Member Clubs in good standing may submit nominations. Those nominated should be reputable, experienced in some area of numismatics and willing to serve if elected. The nominating period closes August 25, 2008. Send nominations and a brief resume of the nominee's numismatic activities and service to:

Tony Chibbaro P.O. Box 420 Prosperity, SC 29127 chibbaro@

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