ATTENDANCE: 30 members & 2 guests, one of whom (Ashraf K, who was referred by Daniel L) has joined the club. Welcome!
BARRY’S BUDGET: $1613 in the bank; club had a deficit of $756 in 2016/2017 due to the high cost ($2,000) of producing “Canada 150” medallions; room rental is now $61 per month.
OPENING DISCUSSION: The meeting was brought to order at 7:41PM by Mike J: the copper medals will be distributed to all members in good standing in October, and there are still a few copper and silver medals available for sale (see Barry).
Mike A read the agenda for the year. Barry read his notes from the ONA annual meeting and awards presentation. Mike J reviewed the RCNA Convention held in July in Boucherville, which was well attended by our club members and dealers.
The Ottawa Canada Currency Museum (website) finally opened on July 01 at their new location after four years of renovation. Mike J visited and says it is well worth the trip. The exhibits have changed a lot and there is a perfect specimen 1936 dot cent, a 1988 uncut sheet of $1000 bills and other unique artifcats. While in Ottawa, why not visit the Royal Canadian Mint (website) or Universal Coins (here) or Ashbrook Collectibles (here).
There is an article about the Currency Museum in a recent RCNA journal in our club library (see Jason).
Nuphilex is Nov 11-12-13 in Montreal, same location (link)
Richard S. saw two new books introduced at the convention, one on Nfld gold coins and Bob Benoit’s QC Dairy Tokens book:
Both of these books are available from Richard, please see him to order your copy. Mark B bought a copy and reports it is the most comprehensive book written on the subject, many years of research has gone into it.
BREAK: coffee, tea, juice and cookies provided by David. Please leave a few coins in the dish for the club!
MEETING CONTENT: the rest of the meeting was a Bourse night/buy and sell/show and tell/meet and greet.
Side note: a new toonie was released on Oct 03 commemorating Vimy Ridge. Order yours here.
NEXT MEETING DATE: OCTOBER 17 ,2017 at 7:00 p.m.
SUBJECT: “HYPER INFLATION” Mike J (President) and Peter M (Education Director) will collaborate on this subject which spans centuries and is often not well understood. What is hyper inflation and what are its causes? How does it stop? Many of us own German 50 million mark notes from the 1920’s or Zimbabwe 100 trillion dollar notes from 2008 but why do they exist, are they real, and who let it happen? All members are encouraged to bring in their hyper-inflation notes or coins or images to show to the members.
ATTENDANCE: 6 executives. 2 were absent but sent emails.
BARRY’S BUDGET: $1,620 in the bank. Medals were costly but we will recoup the cost in medal sales. ONA members to name LCC as their home club to get us a discount on our ONA insurance premium.
MEETING CONTENT: The meeting was brought to order at 7:15 PM by Mike J, who proposed we review the club’s constitution and adjust where necessary. Jason to bring down the copy from the library and Mike J to bring in the original on Sept 19. We should all review it and suggest changes.
According to the constitution we should hold another election in 2018. Mike A proposed we review the frequency of elections and suggested we adopt a 4 year term with a view to saving considerable time and effort that goes into an election. This will need to be discussed and put to a vote.
Peter asked if we have a French language constitution. We will verify what is in the library. Mike A suggested we use the Quebec Numismatic Club’s French wording if needed. It’s on their website.
Barry: Copper and silver medals will be distributed on Sept 19. Only adult or family members in good standing will receive their copper medal so all members should bring their dues on Sept 19.
With a view to protecting the club in the event a member of the executive is unable to perform their duties it was proposed that the president, treasurer and secretary prepare itemized “job descriptions” (in MS-Word, i.e. digital format) outlining their responsibilities. This will greatly help in the future e.g. if a new executive is elected or if the departing executive is unable to train his or her replacement.
Ideas for club meetings proposed but shelved for future use were: a trip to the new Currency Museum in Ottawa with a presentation for the club, “Spot the Fake” night (how to identify fakes with a competition for “Best Coin Detective”), a short presentation or “show and tell” night, members’ display night, history of coin collecting in Canada, biographies of interesting club members in our history, Chris Faulker to talk about his new book “Tokens of Upper Canada. With the email input from the 2 absent executives and after much discussion it was agreed the agenda for the upcoming year would be as follows:
SEPT 19: BOURSE NIGHT / MEDAL DISTRIBUTION / PAYMENT OF DUES
Theme of the meeting is to be “CANADA 150” and all members are invited to bring in their “Canada 150” coins to show off or sell, buy or trade. Each member to receive a copper “Canada 150” coin club medallion upon payment of their dues ($20 per adult, $25 family). Corresponding members will not receive medals. “Bourse Night” means you can also wheel and deal or mingle and socialize BEFORE OR AFTER the formal meeting (usually 7:45-8:30 PM), but all such activity must stop during the meeting so we can conduct the club business.
OCT 17: HYPER INFLATION
Mike J (President) and Peter M (Education Director) will collaborate on this subject which spans centuries and if often not well understood. What IS hyper inflation and what are its causes? How does it stop? Many of us own German 50 million mark notes from the 1920’s or Zimbabwe 100 trillion dollar notes from 2008 but WHY do they exist, are they real, and who let it happen. All members encouraged to bring in their hyper-inflation notes or coins to show around.
NOV 21: POINTE CLAIRE NUMISMATICA
Barry U, our treasurer, will present on this subject with awesome digital images.
DEC: no meeting is held in December.
JAN 16: TOPIC TBA (JOHN BALL).
FEB 20: MEMBERS’ CHOICE. Members to make proposals for presentations either they or another non-executive can deliver. Mike J will also have discussions with some members about this. Some of the best presentations in the past were by non-executive members like Gerry Maas or Mick Carter.
MAR 20: AUCTION
APR 17: THE SEVEN YEARS’ WAR
Mike J will look at the currencies in use in the colonies and describe the global conflict fought between 1756-1763. Some say that this war was the most significant in shaping North America of today:
NEXT MEETING DATE: SEPT 19, 2017 at 7:00 p.m. or come earlier if you wish to socialize!