FRONT PAGE NEWS

~ PAWCATUCK VALLEY COIN CLUB MONTHLY NEWSLETTER ~
Celebrating 54 years in the numismatic hobby!
ANA-C1206438

Lecture To Be Given At The Osher Lifelong Learning Institute at the University of Rhode Island, 210 Flagg Rd., Room 212 Kingston, RI 02881

Dennis Fortier #775, President of the Pawcatuck Valley Coin Club, will give a lecture on "How to Buy Precious Metal" at The University of Rhode Island August 11th at 1pm. The Lecture is sanctioned by the Pawcatuck Valley Coin Club and sponsored by The Osher Lifelong Learning Institute at URI. Nothing will be bought or sold at this lecture in accordance with RI laws.

GUEST SPEAKER FOR MAY MEETING: Woody-Carland.jpgWoody Carland #706 will give a talk on 19th and 20th century cents.

OFFICER’S MEETING NOTES: Discussed the Show. Decided the Hotel will not be providing food for the dealers. Advertising budget of $1,000 has been fully used. The Jar for donations to the ad budget for 2018 needs filling folks! Flyers! We have flyers!! You can download the flyer from our website and paper the town where you live! Remember to put your name in the reference books you lend to the Reference Table!! We have raffle prizes galore Thanks to members who have donated!! 2018 Red Books are on sale to members at $9 per copy.

ELECTION NOMINEE’S NEEDED! We will be nominating people for officers of the club in May. The elections will be held at the June meeting followed by our PIZZA PARTY. So think about your role in the club’s activities and NOMINATE!! The officers positions are: PRESIDENT, VICE PRESIDENT, RECORDING SECRETARY, CORRESPONDING SECRETARY/EDITOR, TREASURER AND SHOW COMMITTEE CHAIRPEOPLE.


GUEST SPEAKER STU REDISH GAVE A TALK AT THE APRIL MEETING

STU-REDISH.jpgToday I have brought with me what appears to be a genuine obsolete 1862 dollar bill from the Washington County Bank which was located in Carolina Mills Rhode Island from about 1855 until 1864

Carolina is now a village located both in Charlestown and Richmond RI.

It grew up around a mill founded by a well-known Rhode Island family by the name of Hazard. The village is now listed in the national register of historic places.

The president of the bank at the time this bill was printed was a man named Roland G Hazard. He was said to be a somewhat of a Renaissance man. He was a Quaker and he wrote books on theology and philosophy and was skilled in abstract mathematics although he had little schooling he received an honorary degree from Brown.  He was a statesman and was active in Rhode Island politics as a state senator. He was a vocal critic of slavery, corruption and railroad monopolies. In 1819 he took over his father’s mill in Peace Dale Rhode Island and expanded it and in 1848 opened another mill in what is now Carolina and named it after his wife Caroline.

Hazard signed the bill as the bank president. Also signing as the cashier was Joseph H Babcock who was a stockholder and member of the board. It was erroneously reported in the Westerly Sun that it was signed by George Babcock who was an inventor. The bill appears to be printed by American Bank Note Company of New York.

In late 1863 when Hazard was no longer president, the bank gave American Bank note an order to print $750,000 in bills. They also wanted to use signature plates and have the bills sent down south. American Bank note investigated and found the bank was only capitalized with $50,000. They reported this to the Governor of Rhode Island and that was the downfall of the bank.

The bill appears to have never been used with no signatures on the back. It does have pin holes like many bills of the era which were pinned in pockets or to loan notes or in stacks. The portrait of Washington makes it appear somewhat modern but I believe the first bills printed by the federal government had Lincoln on them. There are interesting scenes of farm life which are said to have been designed by the well-known artists that American Bank note employed.

The bill was purchased from R R Coins which sells online. It appears to be a reputable company with memberships in several numismatic societies. I could not find any complaints on them. I am aware that in the 1920s there were many forgeries made but this bill was not on the list of known forgeries.


ANNUAL COIN SHOW  SUNDAY, MAY 7th, 2017

Time to start thinking about finding donations for the Raffle Table (we need a minimum of 25 items) and VOLUNTEERS to help the whole thing run smoothly. In the January newsletter I will outline what needs doing. So here we go!

 WE NEED VOLUNTEERS FOR THE SHOW!! JUNIORS YOU EARN 2 POINTS FOR THIS! WE ALSO NEED HELP SETTING UP/TEARING DOWN WE NEED DONATIONS FOR THE RAFFLE TABLE (at least 25 items) Silver and Gold, rolls, slabbed coins, etc. These can be given to Larry Erhart at the meetings, be sure to TELL him these are for the show!! Every bit helps us raise operating/advertising funds for the year!


ANY EXTRA AUCTION ITEMS BROUGHT IN TO THE MEETING FOR SALE IN THE AUCTION
MUST BE ITEMIZED ON A FORM GIVING YOUR NAME, THE ITEMS AND THE PRICE YOU ASK FOR EACH ITEM. THE FORMS WILL BE ON THE AUCTION TABLE. PLACE THE ITEMS ON THE COMPLETED SHEET AND LEAVE ON THE AUCTION TABLE. THIS WILL ENSURE THAT YOUR CASH AND UNSOLD ITEMS WILL BE RETURNED TO YOU IN GOOD ORDER. ITEMS LEFT ON THE TABLE WITHOUT THE COMPLETED SHEET WILL BE SET ASIDE AND NOT OFFERED FOR SALE. NO EXCEPTIONS!!


SHOW DATES:

AUBURN, MA: NO MAY SHOW Elks Lodge, 754 South Bridge Street (Route 12) 46 Tables.  Free Admission. 978- 658-0160

CHEEKTOWGA, NY: 21th  May Knights of Columbus Hall, 2735 Union Rd., 56 tables, 716-908-3097 broadwaycoins@verizon.net 

DEDHAM, MA: 7th May Holiday Inn, I-95 exit 15A, Dedham MA. 29 tables, free admission, 603-978-3459

HARTFORD, CT: 28rd May Courtyard Marriott, 4 Sebethe Dr. Cromwell CT, 718-323-1930 or stassinsJ98@aol.com

NASHUA, NH: 21th May Holiday Inn 9 Northeastern Blvd Nashua NH 03060 49 tables free admission 978-658-0160

DEVINS, MA: 28nd May Devens Common Center, 31 Andrews Parkway, Devens MA, $1 Admission 978-658-0160