ATTENDANCE: 27 members & 2 guests: Bernie B., who joined, and Ashraf K., who joined, making two new members for the evening, WELCOME TO BOTH!!!!
BARRY’S BUDGET: $2626 in the bank
OPENING DISCUSSION: The meeting was brought to order at 7:35PM by Mike J, who reminded members we have the auction coming in March and lists should be sent via email to Mike A at email@example.com, using the MS-Excel spreadsheet form he sent to all members. Mike greatly appreciates having the form sent as an attachment in MS-Excel that can be copy-pasted to the catalogue, which not only saves time but reduces errors. A reminder that coins or lots must NOT be numbered or stickered in advance. There are often last-minute changes to the entire catalogue which requires complete re-numbering. That is why a set of pre-numbered stickers will be given to each seller on the night of the auction, to be applied by the sellers to each lot. This system has proved to be effective in the past. Please arrive early if you are selling coins, as they need to be stickered and properly organized on the table. As usual we have our super-organizer-volunteers Jason, Marilyn and Les helping out at the table; Vanessa, our brilliant and beautiful auctioneer who gets us all home at a reasonable hour, and Mike A and Barry U at the front table handling the sales and cash flow. Mike J will preside as usual.
Banquet tickets have been printed and will be on sale during auction night (see Mike A). Please bring $30 cash per ticket. If you spend all your cash on coins don’t worry, tickets are still available in April!
The club will hold an election in March-April. Please see the attached Nomination Form, and fill it in before the next meeting. Nomination forms should be given to Mike J. prior to the auction to minimize confusion, and these forms should be folded in half to respect privacy. In April we will vote by secret ballot and in May, Mike J. will announce any new positions or changes to the club Executive.
BREAK: coffee, tea, juice and cookies provided by David. Please leave a few coins in the dish for the club and give David a pat on the back.
Peter M. delivered an animated and fascinating presentation on the collection of early Canadian Promissory Notes he has been amassing over the past few years. Promissory Notes were used in lieu of currency as a financial obligation or a contract between two parties. Many of these notes were issued by banks or institutions that are almost unknown to historians today. Peter has been researching these notes and trying to find historical links; for example the engraver’s name “Francis Adams” in the waves beneath a ship on a note issued by the Merchant’s Bank led Peter to a potential buyer who is linked to that engraving firm today.
Another note issued by the City Bank (one of the first banks in Quebec) depicts a “Patriot” loading his gun with a dead deer at his feet, which is an interesting, symbolic view of raw colonial life one rarely sees in history books.
The “Québec 13 Society” issued another note: who were they? Was there a connection to United Empire Loyalists because there were 13 colonies? Or was this some sort of underground railroad?
Three notes Peter passed around were issued by the Bank of Canada in 1856 in Pounds, Shillings and Pence denominations, which is interesting because the Bank of Canada was on the verge of replacing all pre-existing currency in decimalized Canadian Dollars, and would do so beginning two years later (the first Cdn decimal coins were issued in 1858).
Thank you, Peter for a thought-provoking presentation that left us wondering what other mysteries, financial systems and business concepts existed in 19th century Quebec. We were left with the same thought after Barry U’s November presentation on Pointe Claire numismatica of the 19th century; with rare, original, authentic examples of paper money or “scrip” issued in 1837 on very thin paper. The instruments of exchange and finance used to build this country between the War of 1812 until Confederation are a fascinating topic…we all look forward to Peter’s or Barry’s book on the subject!
Raffle Item: a $10 UNC Australian Polymer note was won by Jean T, congrats! Ticket sales were $75
NEXT MEETING DATE: MARCH 20, 2017 at 7:00 p.m. Sellers please arrive early. Auction starts at 7:30
REMINDER: see attached Gazette article about $1000 bills etc. Many of the older $1, $2, $25, $500 and $1000 bills will soon be “withdrawn” by the Bank of Canada. This means there could be a flood of old bills showing up at banks, coin dealers and auction houses, meaning the resale value of these older bills could be depressed. Put your old bills into the LCC auction to realize their full value before it is too late!
ANOTHER REMINDER: Send your list of coins, notes or numismatica to Mike A before the deadline of March 17. The catalogue will be published via email on that date. NO LOTS WILL BE ACCEPTED ON THE NIGHT OF THE AUCTION. This has caused confusion in the past and it causes major headaches. Everyone in the club is delayed and inconvenienced by last-minute entries.
A FINAL REMINDER: Mike J will present on the currencies in use in the colonies and talk about the global conflict fought between 1756-1763. Some say this war was the most significant in shaping North America of today: not to be missed!