OUT TO PARKERSBURG
Greg Mencotti – President
With MSNS dealer John
Russell leading the charge, Parkersburg hosted our society’s first
show outside the Huntington – Charleston area.
We’re gratified! John,
Cecil and others worked logistics handily. Several new dealers and
lots of new collectors!
With one of our primary
goals being “uniting collectors and dealers throughout West
Virginia”, May’s inaugural show accomplished just that.
Foot traffic was better than anticipated. Several of us noticed that
collector was king. Checking with our dealers, raw coin sales
considerably outpaced slabs, and less gold changed hands than I
Good results seldom
happen by accident. Detailed planning and follow-up yielded smooth
operation and a lot of smiles.
I believe this success is important and will form the basis for
branching into additional WV communities.
With another primary
goal being education, back in Huntington, we have surprises in store
Saturday July 15 –
Huntington High School. Please join us!
The Board of Governors
has chosen to add two additional Governors. Those elected are
Charles Johnson, Hurricane, WV and Wilson Harrison, Huntington, WV.
THE WHAT & WHYS OF COIN INVESTING:
By Greg Mencotti
Part One ~
first maxim of a good coin investment is that you sell it for more than your
purchase price. Think about it – virtually every investment category or specific
entity shares this maxim, and yet how can we know if we’re going to make a
profit when we buy it?
Usually we don’t know. But
we definitely can analyze potential purchases to skew our chances toward true
Attempting to quantify my
chances of future profitability objectively (often difficult for a
collector), the beast I’ve built considers these factors (in approximate order
of importance): (Con't)
Get A Souvenir Wooden Nickel At The
Midas Touch or PineWood Collectibles Table at MSNS Coin Shows
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please e-mail us at
Major Credit Cards Welcomed By Most Dealers At
The Huntington Show July 15th.
DOOR PRIZE WINNERS
VIRGINIA SALOON TOKENS
By Donald Clifford
WV ANA Representative
You didn’t have to travel to Dodge City, Tombstone, or another
western town to visit a saloon around 1900. A 1900 West Virginia
business directory lists over 500 saloons, with about 125 in
Wheeling. Parkersburg had almost 50 saloons, Charleston another 20
and Huntington over 15. Saloons were located along the routes that
people traveled, by rail and boat, and where men worked in the coal
and lumber business. Many of these saloon owners used tokens in
their day to day operations. Gambling machines were found in many
saloons and only tokens were to be used in them to keep them legal.
Some 2½¢ tokens were used to rent cue sticks for use at the pool
Tokens with just the owner’s name are the most common. While other
tokens may have the name of the saloon like “Bridge Café”, “Grand
Opera Café” or “Mecca Café”. The word Café was a nicer way to say
saloon and this was an era of the temperance movement and Mrs.
Carrie Nation, who was pushing for prohibition. It is said that
Carrie Nation came to West Virginia in the early 1900’s and used her
axe to mash doors of saloons in Fayette County.
West Virginia passed its own version of prohibition in 1913 and it
went into effect on July 1, 1914, five and one half years before
national prohibition. All these saloon owners had to find a new
business. Some became pool rooms, others sold cigars and tobacco,
and others became restaurants. Probably some near Ohio or Kentucky
moved their operation out of West Virginia which gave them a few
more years of operation.
About 100 different tokens are known with the saloon name and the
word “saloon” on them, like the “Big Chief Saloon” from Charleston,
“White Front Saloon” from Wheeling, “Klondike Saloon” from
Bluefield, “Maine Saloon” and “Palace Saloon” from Huntington, “Star
Saloon” from Central City (now Huntington), and “Red Rabbit Saloon”
from Naugatuck. These tokens command a premium in the token
collecting hobby because they have the word “saloon” on them.
Keep an eye out for our new MSNS Bucks which will
earn you a 5% discount off purchases when presenting to a
participating dealers. Not valid on purchases of strictly bullion items.
Jeff Ball, member of the
Liberty Seated Collectors Club
will man an educational table at our July show to demonstrate
grading with photos of Liberty Seated coins along with many examples
for educational purposes. None are being offered for sale or trade.
Dave Harris, an
established dealer in post cards and other collectible paper items
from Lowell, Ohio, in setting up on tables 39 & 40. Dave joined us
at the Parkersburg show in May.
Appraising You Coin
Collection By Kevin Flynn
Click On Book
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