The evening times., 1895-09-20

The second days session of the fiftt
annual convention OF the American M
mismatic Association began shortly before
IL O'Clock and was devoted to executive
business.
A number of matters connected with the
election OF officers and other details OF
interest to the members only were cons:d
cred and arranged.
The business of the association is being
transacted with all the heexpediiionpossiblei ex IN
order that those in attendance may partici
pate IN the eScurAion to Mount Vernon as
guests OF the reception committee. which
consists of Messrs. Heaton, Collins and
clapp. Should the executive business not
be finished in time for the trip to be made
late this afternoon it will be deferred IN
III 10 O'Clock tomorrow mroDing.
The exhibition of coins and medals this
evening. together with the reading VI pa
Sers, will be feature OF the convention.
Many thousand dollars worth of money will
be compressed Int, a very limited space.
Some of the coins re more valuable than
diamonds. As an Illustration. the thin
silver half-dinie of 1S02 was bought by its
present holder fsr S63. and has Sold at 81 8.
OLD OFFICERS REELECTED.
The old officers of the association were
without exception reelected as follows:
President. A. G. Heaton, this city; vice
president, Joseph Hooper, Port Hope. On.
tario; secretary, George W, Rice, Detroit,
Mich; treasurer. DR.. A. L. Fisher, Elk
aart. Ind; librarian and curator. W. @.
stone, Springfield, Mass; superintendent
Of exchange. W. j. Luck, Adrian, Mich /;
and counterfeit detectur, s. II. Chapman,
Philadelphia. Pa.
One OF the pleasant social incidents Of
the meeting was the reception rendered
the society last night at the residence uf
President Heaton. M. 1918 Seventeenth
street northwest The handsome parlors
aid studio "f Mr.. Heaton were thrown open
~ the guests. Refreshments of salads
aud ices were served.
As viewed from a nunismatic standpoint,
it ia the condition of a coin which fixes
its value. 1t Is not the date or age. except
In less than thirty instances, that is sought
for at the big quoted premiums. The date
generally ia common enough: it is the con-
dition, sharp, unworn and perfect, free
.rom all mutiiation, holes, corrosion or
injury.
VALUE OF COINS.
Pierced, plugged, badly worn, scratched
>oins. and any that the dates are flegibie
are not wanted at all. Premium prices are
based on the general rule of supply and de-
iuduus dtu tuSiN otC huStootioho Al Ooth
buying and selling. Extra fine or perfect
specimens command higher rates, the per
feet specimens being rarities.
A perfectly uncirculated cent of 1899
would easily bring 500, whereas a good
cent OF the same date can be purchased for
$40.
For gold there is but O limited numismatic
demand. and the supply is greatly in excess
of that demand. The double eagle of 1S49
is worth about $500. All gold dollars are
at a premium and worth from $1.20 to
81 40 each. Those dated 1863, 1864 and
1865 command from $3.50 to 81 each, and
1875, So.
The bulk of numismatic transactions
Sre in silver coins. A dollar of 1904 is
worth $4OO; a half dollar of 1897 brings
$40, and a quarter of 1897 demands $40.
The dime of 1904 is the most valuable.
being worth $40, and the half dime OF
. 1902 easily holds the record at S63. A
large copper cent of 1899 would bring
$25, and a half cent of 1885 is in demand
at $50. 4
DR.. A. L. Fisher, reelected treasurer
Of the association. is leading physician
Of Elkhart, Ind, and although a native
OF New York. has long been resident of
that city He lis a gentleman OF fine educa-
ton, good taste and wealth, and has for
years taken a deep interest in the collection
Of rare coins. liz