W.B.C.C.
Worldwide Bi-Metallic Collectors Club

WBCC Newsmail 194, Volume 5, April 29, 2000
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Composed with help from members of the
Worldwide Bi-metallic Collectors Club (WBCC)
and weekly published by Martin Peeters, Netherlands,
Focal Point of the WBCC, martinp@westbrabant.net
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Dear WBCC members and non WBCC members,

Again a great WBCC Newsmail with Bi-metallic news.
I hope you enjoy reading it !!

1. A new WBCC member...by Martin Peeters, WBCC Focal Point

We have a new member. Let me introduce him to you:

Name:  Dennis Parker (WBCC member #167), USA
E-mail:  dparker@2escape.net
Age: 46
Profession: Civil Service (Supervisor of Archives for CountyGovernment)
Hobby: (Bi-metallic) Coin collecting
Goal: Fun
Against: Overpriced coins!

2. Bi-metallic Transit tokens...by Cliff Anderson, USA

One of the Bi-metallic transit tokens shown on the WBCC homepage this week
is one issued by Miami in 1995 for the 29th Super Bowl. It bears the Roger
Williams Mint mintmark. The Atwood-Coffee catalogue lists it as FL 530K and
indicates that only 15,000 were issued.

Another token looks like the fairly common New York City Transit Authority
token on one side, but the other side says "Archer Av Extension" and
indicates that it was issued in December 1988. The catalogue lists it as NY
630BG and shows that 100,000 were issued.

The third Bi-metallic token on the WBCC homepage is an older one from Oswego
on the edge of Lake Ontario. It is designated as NY 695A and was issued in
1895, though probably only used for five years. It shows a white metal 5
pointed star in the copper token.

3. Bi-metallic Gernany Inlays...by Martin Peeters, Netherlands

From the German firm Münz-Prägstatt München I received a brochure about 2
new Inlay Bi-metallic. These commemorate the German Marks. One is made of
Silver and one is made in Gold. Both have a German Pfenning as the Inlay.
Pictures of the Bi-metallic can be seen in the WBCC Homepage
http://www.geocities.com/RodeoDrive/7513/wbcc/wbcc.html

Order address
Münz-Prägstatt GmbH
Postfach 500406
80974 München
Germany

4. New Bi- or Tri-metallic images....by Rod Sell, WBCC Homepage Provider

This weeks new pictures in the WBCC Homepage:
http://www.geocities.com/RodeoDrive/7513/wbcc/wbcc.html

* Thailand 2000 10 Baht
* Italy 1 Euro MTT's from Genova, Giubileo & Lombardore with the common
reverse
* Germany 2, 1 pfennig inlays with cross colours
* US Transit Token NY 630BD Triborough Token
* US  Transit Token NY 695A Oswego New York  1895
* US Transit Token NY630BG New York Archer Street Extention
* US Transit Token FL 530K Miami Super Bowl XXIX 1995
* Netherlands Wilhelmina Bi-metallic Medal in Year 2000 Sets
* Czech Republic Year 2000 50 Korun only in Mint Sets

5. Bi-metallic offer from Italy........by Fabio Guerrieri, Italy

I can offer the following Italian Bi-metallics:
* Segorga 2 Luigini 1996
* Como City 1Euro 2000 "città dei balocchi" -New-
* Bologna  football 1 Euro
you can look at: http://members.xoom.it/guerrie or you can contact me at:
guerrie@tin.it

6. Collectors Universe article (1)........by Martin Peeters, Netherlands

The following article can be read in Collectors Universe pages,
http://www.collectors.com/worldcoins/ , and it is written by WBCC member
Richard Giedroyc

--Quote
South Korea Joins Bimetallic Club
Richard Giedroyc - April 21, 2000 Korea's first new commemorative in almost
20 years

South Korea has issued its first ringed bimetal coin to celebrate the new
millennium, but the coin has been issued with a lot of caution due to that
nation failing to reach its sales goals for commemorative coins in the past.

The new 2,000-won coin was launched in early January. Although mintage
figures were not immediately available, several sources indicated they were
"low." The reason for this and the stinginess of the Bank of Korea in
issuing them has a lot to do with problems regarding consumer demand for
past commemorative coin issues where mintages and sales forecasts were
"optimistic."
The mintage for the 2000 Millennium 200-won coin was determined by the
number of pre-production orders received by the Bank of Korea, the central
bank of the country. Each person requesting the coins is required to present
proper identification at the counter of the bank where the coins are being
acquired, then is limited to two coins per person.
The coin will likely have a strong secondary market. None have been struck
for circulation. The coin is not included in any official collector coin
sets.

According to Seung-woo Choi, a collector from South Korea who wrote an
article on the new coin for the Worldwide Bimetallic Collectors Club e-mail
newsletter, "I personally think the Bank of Korea came up with the stupidest
way of celebrating the new millennium. But they are doing this because they
had a bitter experience of failure by issuing too many Olympic coins in
1988. These Olympic coins were so unpopular that the Bank of Korea had to
buy back most of the quantity for re-melting."

Funds were to be raised for the XXIV Seoul Olympiad of 1988 through a series
of copper-nickel 1,000- and 2,000-won coins in addition to .925 fine silver
5,000-won coins, .900 fine silver 10,000- and 20,000-won coins and .925 fine
gold 25,000- and 50,000-won coins. Each coin type was available in either
Brilliant Uncirculated or in Proof. Some of the Proof coins were Brilliant
while others were Frosted, making two Proof varieties of some coins.

There were 38 different coin designs to be collected in a set, not
considering the different conditions in which the coins were produced. The
huge number of coins, coupled with the fact that other participating and
non-participating nations were also issuing coins independently to mark the
Olympics (and to raise money), were discouraging to potential buyers.
Enormous numbers of Olympic coins had also been produced in recent years by
other host countries, none of whom had been overly successful before South
Korea for the same reasons. Since that time South Korea has been very
cautious regarding the issue of any commemorative coins.

It would be logical for Korea to issue a 200-won coin for circulation. The
nation currently uses an aluminum composition 1 won, brass composition 5 and
10 won and copper-nickel composition 100 and 500 won as the circulation
coinage. Bank notes are issued in denominations of 1,000, 5,000 and 10,000
won. There are no circulating commemorative coins or bank notes. (The XXIV
Seoul Olympiad coins struck in BU were produced for collectors only, not for
circulation.)

Details regarding some of the statistics on the new 200-won coin were not
available for this article. Nothing appeared at the Bank of Korea web site
on the coin at all.

The coin has a diameter of 28 millimeters and a weight of 10.7 grams,
according to the WBCC newsletter. The metal composition was not immediately
known.

According to Korea Minting and Security Printing Corporation, the federal
Mint producing the coins, the obverse designs are inspired by the inside of
Angbooilgoo and Honcheonui.

Richard Giedroyc is a numismatic writer, researcher, auction cataloger and
coin dealer. He has been in the hobby and business most of his life, now
having more than three decades experience in this fascinating hobby field.
During this time Giedroyc has been the owner of Paris Bergman Galleries,
owner of Classical Coin Newsletter, international editor of Coin World and
owner of Giedroyc-Anderson Interesting World Coins. He is currently a
numismatic consultant. He has written more than 2,000 byline numismatic
stories and contributed to several coin catalogs.
--Unquote

7. Collectors Universe article (2)........by Martin Peeters, Netherlands

The following article can be read in Collectors Universe pages,
http://www.collectors.com/worldcoins/ , and it is written by WBCC member
Richard Giedroyc

--Quote
First U.S. Bimetallic Commemorative Launched April 24

Richard Giedroyc - April 18, 2000
Commemorative coin is available now from the U.S. Mint

The United States is preparing to launch its first ringed bimetal coin ever,
some 18 years after the Italian State Mint introduced this concept for the
modern coin.
The US coin will undoubtedly be a success. There are many people in this
country whom have never even heard of such a concept. Many knowledgeable
coin collectors know better.

The ringed bimetal coin idea is so popular from the issues of other
countries that there is an international club connected via the Internet
through which such coins can be purchased, sold or traded. This is the
Worldwide Bi-metallic Collectors Club based in the Netherlands. The weekly
e-mail Internet newsletter is completely in the English language.

To place the new US commemorative in perspective, to members of the WBCC it
is just another ringed bimetal coin (and an expensive one at that) to be
added to an ever-growing collection.

Australia, as an example, is now launching a 2000 Pharlap (named after a
race horse) $5 coin comprised of a stainless steel ring and aluminum-bronze
center. Although most can be expected to end up put away in drawers or
placed into collections, this is a base metal coin which has the capability
of circulating. Australia has been issuing such coins for circulation for
years. The US coin is a non-circulating legal tender coin. We still have a
long way to go.

The Privately-owned Pobjoy Mint in Great Britain recently issued an Isle of
Man brass Meridian Line 2000 coin in silver Proof Silver depicting the clock
at the Old Royal Observatory in Greenwich (The “Home of Time”), surrounded
by a circle of dates from 1000 to 2000. The IOM coin has a small brass strip
through its center representing the Meridian Line. The brass strip is an
actual piece of the original Meridian Line, making this the world’s first
“relic” coin (Relic medals comprised of metal from ships and other relics
have been made for centuries.).

The US $10 Bicentennial of the Library of Congress coin is struck in Proof
and in Uncirculated. It is comprised of a .900 fine gold ring and a
quarter-ounce center of .9995 fine platinum. The price tag on it of up to
$425 is certain to put a crimp in the style of many WBCC-oriented collectors
used to finding most ringed bimetal coins at low prices, since most are made
to actually circulate.

Although this metal composition mix might be a first, the idea of a
Precious-metal ringed bimetal coin isn’t. Monnaie de Paris (The French Mint)
was first to issue such NCLT coins in addition to the circulation strikes
during the mid-1980s. Monnaie de Paris is far beyond this point now,
striking ringed trimetal coins for circulation both in France and in Monaco.
(Only Canada has the same capability, although the Royal Canadian Mint to
date has chosen to only strike test patterns of this nature.)

Poland is another country demonstrating ringed bimetal technology far beyond
that of what is about to be shown by the US Mint. Not only does the Warsaw
Mint strike ringed bimetal coins for circulation, but the coins have a
holographic devices for security purposes. Only Great Britain has previously
used this technology for a circulation coin.

You have to admit that the US Mint is really trying to play catch-up with
the rest of the world. This is the same Mint that during the 1980s tried to
tell the collecting public it didn’t have the technology necessary to strike
coins with a lettered edge, even though between 1793 and 1933 such coins
were struck at the same Mint.

While we speculate on whether the US Mint will try to strike a ringed
bimetal coin for circulation, we should consider whether perhaps the Mint
will set its sites next on a color-enhanced coin or a coin with a
holographic device. It would be great to see the Mint truly compete
technologically with the other advanced Mints around the world.
--Unquote

8. Coin World article............by Martin Peeters, Netherlands

The following article can be read in the April 24th edition of Coin World in
the section Coin World International:

--Quote
Austrian Mint bows to Freud
`Interpretation of Dreams' climaxes early work

by Michael E. Marotta
Coin World Staff
On April 6, the Austrian Mint released a 50-schilling bimetal commemorative
coin celebrating the life and works of Sigmund Freud. Freud studied to be a
doctor. Specializing in hysteria, he became convinced that some physical
illnesses have their origins in the mind. More startling than this was his
observation that for many people - indeed, perhaps for most of the "normal"
people of the time - their own mental processes were hidden in the recesses
of their dark subconscious minds. Most people 100 years ago believed that
coin collectors simply like coins. Freud sought to understand the true
motives of neurotic behavior. His first book, The Interpretation of Dreams
(published in 1900), offered the theory that images in dreams are symbols
for the processes and goals of our needs. This idea was roundly condemmed by
doctors, scientists and other educated people who believed that dreams are
meaningless images that occur because the mind is unoccupied with real work.
Many of Freud's theories and some of his methods have raised valid
criticisms in modern times by those who acknowledge their doubt to his
groundbreaking exploration. For all of these reasons and more, the Austrian
Mint is celebrating the 100th anniversary of the publication of The
Interpretation of Dreams. The coin is 26.5 millimeters in diameter, somewhat
larger than a U.S. quarter dollar, which is 24.3 mm in diameter. The
commemorative coin is limited to 100,000 Proof like strikes and 600,000
Brilliant Uncirculated business strikes. The outer ring is a gold-colored
alloy of copper, aluminum, and nickel. The inner core is a special white
metal alloy called Magnimat 7. For more information, contact Euro
Collections International by telephone at (888) 904-5544, by fax at (250)
658-1455 and by e-mail at info@eurocollections.com. ©
--Unquote
 

"See" you next weeks,
Martin Peeters, Focal Point of the
Worldwide Bi-metallic Collectors Club
martinp@westbrabant.net
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The Worldwide Bi-metallic Collectors Club
was established September 14, 1996 and is the very first Worldwide
Collectors Club using the Internet. Goal of the WBCC is exchange
Bi-metallics and exchange knowledge about Bi-metallics
WBCC Organisation:
WBCC Homepage Provider: Rod Sell, Australia, Rod.Sell@elderwyn.com
WBCC DoCu-Centre: Frans Dubois, Netherlands, dubois.f@wxs.nl
WBCC Public Relations: Cliff Anderson, USA, chander@mciworld.com
WBCC Research Centre: Paul Baker, UK, 113076.167@compuserve.com
WBCC Developement Centre, Jack Hepler, USA, leslie.j.hepler@saic.com
WBCC Focal Point: Martin Peeters, Netherlands, martinp@westbrabant.net