CONA October 2013 Newsletter

October Meeting

When: 7 p.m., October 16,2013
Where: Oakstone Academy
900 Club Dr., Westerville, Ohio 43081

Topic: Counterfeit gold
Speaker: Tony Cass

October Presentation

“Counterfeit Gold Coins” – Be very afraid!!! It has been reported that counterfeit gold coins have been seen at almost every major coin show since 1960. You need to have the knowledge available to combat the counterfeiters and not buy a counterfeit coin. You need to learn about what to look for and know how to differentiate genuine specimens from counterfeits. — Tony Cass


Evan Brill reports the show was a success, with 85 dealers setting up shop, the most he can remember in the 14 years we’ve had a show. Dealers seemed to be pleased with the show.

Tony Cass, who handled exhibits, said the In God We Trust exhibit won the most educational award and the 12 Caesars exhibit won both the most likeable and most likely to encourage involvement in numismatics awards.

September Presentation

Spanish colonial coins are the grandfathers of U.S. Bust coinage, Coin World columnist and Cincinnati coin dealer Bradley Karoleff said in an entertaining presentation titled Where the Hell did we get all that Silver to Mint Bust Coins?

To get the metal used to mint Bust coins, the U.S. Mint melted Spanish colonial coins struck from silver mined in Mexico and South America. There were no silver mines in the eastern U.S., Karoleff said. “The only way we were getting silver was to get it from somewhere else.”

Spanish conquerers mined silver across the continent, enslaving Aztec and Inca to wrest the metal from the ground.

Cerro Rico mountain at Potosi, Bolivia, was extensively mined. “They’re afraid this thing’s going to collapse,” Karoleff said pointing to a picture of the mountain’s baren hillside. “They’ve got so many shafts down there.”

In the early 1800s banks, especially the Bank of the United States, took Spanish colonial coins, including the eight reales – the first coin in the Red Book – to the Philadelphia Mint to be melted and recoined into U.S. coins.

“The next time you pick up a Bust coin, you may hear the cry of the Aztec or the Inca,” Karoleff said.

By: Gerry Tebben

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