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Numismatic group brings state show to FD

Local currency club is among most active in Iowa, says Scacci

October 21, 2012
By JOE SUTTER, lifestyle@messengernews.net , Messenger News

This coin show will have more than just coins. Visitors can see a Fort Dodge $20 bank note, a genuine $1,000 bill and 50 pounds of Spanish shipwreck silver worth more than $30,000.

The annual Iowa Numismatic Association Coin Show and Convention will be held Saturday and Oct. 28 at the Career Education Building at Iowa Central Community College and draw currency lovers from throughout the state, and dealers from at least seven different states.

"We'll have at least 40 dealers in the bourse area - that's where you buy, sell, trade and evaluate coins, paper money, whatever," said banker and Fort Dodge Coin Club member Michael Scacci.

Article Photos

-Messenger photo by Hans Madsen
Michael Scacci holds, from top, a Fort Dodge First National Bank $20 bank note; a gold certificate, used to transfer money between banks; and a $1,000 bill, which is still legal tender. Scacci will have an exhibit of paper money at the Iowa Numismatic Association Coin Show Saturday at Iowa Central Community College in the Career Education Building.

Admission and parking is free, although visitors can purchase tickets for the raffle drawing to be held on Sunday.

It's been eight years since the annual statewide convention was last held in Fort Dodge, but Scacci said this is a good place for it.

"The Fort Dodge Coin Club has about 100 members. It's probably the most active coin club in the state," he said. "We're very happy to have this at Iowa Central. We've had it in the past in hotels, and there just wasn't enough room; we had to turn dealers away. But now we have a lot of room, we'll be able to have exhibits."

Fact Box

If you go:

Statewide Coin Show

WHO: Iowa Numismatic Association and Fort Dodge Coin Club

WHAT: 74th annual INA Coin Show and Convention

WHEN: 9 a.m. to 5 p.m. Saturday; 10 a.m. to 3 p.m. Oct. 28

WHERE: Iowa Central Community College Career Education Building

FREE admission and parking.

Saturday:

7 a.m. - Dealer setup

8 a.m. - Early bird entry

9 a.m. - Bourse opens to public

11 a.m. - Iowa Trade Token meeting

1 p.m. - Seminar: Seated Half Dollars, by Tom Robertson

2 p.m. - Seminar: Iowa Centennial Medals, by Robert Simon

3 p.m. - Seminar: World Paper Money, by Dean Parr

5 p.m. - Bourse closes

6 p.m. - INA Board meeting

Oct. 28:

7:30 a.m. - Membership breakfast

8 a.m. - INA membership meeting

9 a.m. - Bourse open to dealers

10 a.m. - Bourse open to the public

3 p.m. - Bourse closes

Three educational seminars will be given, and Fort Dodge Coin Club members will have exhibits of all kinds of money.

One exhibit will feature an 880-ounce silver ingot recovered from the shipwreck of the Nuestra Senora de Atocha, which sank in 1622 carrying tons of gold and silver from Upper Peru to Spain.

The show is also a great chance for anyone with a rare coin or note to get some cash for it, Scacci said.

"You can always go to a coin dealer, they'll tell you what it's worth and probably make you an offer," he said. "I've had people turn a roll of silver dollars into a boat motor they wanted or something."

He understands that for many, old money just doesn't have such an appeal.

But for others, it's different.

"It's fascinating," he said.

Scacci collects all kinds of paper money. He'll have 12 cases on display at the show, including some paper money issued by the federal government for five different banks in Fort Dodge.

"It comes from the government in sheets of four notes. This one came in $10, $10, $10 and $20," he said of a $20 bill from the Fort Dodge First National Bank.

"The banker gets large shears and cuts the note apart. Then the president and the cashier of the bank both sign the note. This is Rich and Rich," he said.

He also has bills signed by Charles Blanden and other prominent Fort Dodge figures.

Collecting bills is more challenging than coins, he said.

"There's a lot of notes where there's less than 20 known," he said.

In addition to Fort Dodge bank notes, he'll also show college currency.

"Those were issued for a very short period of time for business colleges in the United States. There's a couple notes in there that are just flat-out unique. There's a $25 note from Notre Dame, there's a $200 note, a $300 note, and they're just very rare," he said.

Also noteworthy are the colorful gold certificates once used to transfer money between banks.

He also has some more normal-looking bills - just in a higher denomination than you normally see.

"When a bank gets one of those they're supposed to send it back to the government," he said of his $1,000 bill. "But you can still hold them, and they're still negotiable. They're still worth a thousand bucks. Well, they're worth a lot more."

The bills were last printed in 1945 and are highly prized by collectors.

Unlike other countries' currency, all U.S. paper money is still negotiable, he said - everything printed from 1861 to today.

"That's totally unique," he said.

 
 

 

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