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Outlook 1983 - Ontario Numismatic Associationthe-ona.ca/ON/V22.05.May.1983.pdf · but to buy them...

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I OFFICIAL PUBLICATION OF THE ONTARIO NUMISMATIC ASSOCIATION FOUNDED 19eZ ISSN 0048- 181 5 1983-1985 O.N.A. OFFICERS Past Presidents R.R.Rekof8ki (1962-65) L.T. Smith (1965-67) W. English (1967-69) D. flick ( l a $ .71) C.B. Laister (1971-73) W. E .P . Lambert (1 97575) E. Jeohson (1 975-77) B.R. Watt (1977-81) -- ..... --I. ( Face Jewett (1981-1983) President stella Hedge First Vice-President R. ~ollingshead Second Vice-President Ken Wilmot Secretary THOMAS MASTERS Treasurer and Membership BRUCE H. RASZMANN Mailing Address Box 33, Waterloo, Ont. N2J 326 DIRECTORS Area 1 H. Whitfield 1% Tom. Kosztaluk 2 C. B- Laister 3 Me1 F i s k e 4 Bob F l e t c h e r 5a Wm. Gordon 5b Tom Kennedy 6 W. Ham 7 Walter Ciona 8 Ed Keetch 9 Len Fletcher 10 R. Albert Audio- Visual Service Chas. B. Laister NO. 3 Highway Tillsonburg, Ont. N4G 3J1 Editor Bruce R. Watt 11 3 Northridge St; 0s awa, Ont. L1G 3P3 Librarian Thomas Masters 823 Van Street, London, Ontario N5Z 1 M8 Head Jud Efmer Workman VOLUME 22 MAY 1983 PAGE 64 Outlook For 1983 The Numismatic Coin Market is just as strong, maybe stronger, than the stock market. The coin market will remain strong through the coming growth cycle and through the in- flationary cycle which will f o l l o w . When t h e I next inflationary cycle causes a downturn in I stocks, the rare coin market will still be I 1 rising. So look to hold coins for at least three to five years for the greatest profit potential. The coin market must be entered with caution, I however. Only properly graded coins should be I purchased. Always take delivery. Only work with reputable dealers. And, for now, buy b only mint condition coins etc. Bruce R. Watt Editor -- THE ONTARIO NUMISMATIST is published by the Ontario Numismatic Association. The publication can be obtained with membership in one of the following categories: Regular Membership tg.00 annually. Husband and.Wife (one journal) q . 0 0 annually. Junior (up to 18) $3.00 annually. Club Membership $10.00 annually. Life Memberships available for $50.00 after 3 years of regular membership. Remittances payable to the Ontario Numismatic Association, P.O. Box 33, Waterloo, Ontario. N2J 326. Authorized second class mail by the Post Office Department, Ottawa, and for payment of postage In cash.
Transcript
Page 1: Outlook 1983 - Ontario Numismatic Associationthe-ona.ca/ON/V22.05.May.1983.pdf · but to buy them back at a slight discount, creating a twoway market considered the key to the Krugerrand's

I OFFICIAL PUBLICATION OF THE ONTARIO NUMISMATIC ASSOCIATION

FOUNDED 19eZ ISSN 0048- 181 5

1983-1985 O.N.A. OFFICERS

Past Presidents R.R.Rekof8ki (1962-65) L.T. Smith (1965-67) W. English (1967-69) D. f l ick ( l a $ .71) C.B. Laister (1971-73) W. E .P . Lambert (1 97575) E. Jeohson (1 975-77)

B.R. Watt ( 1 9 7 7 - 8 1 ) -- ..... --I. (

F a c e Jewet t (1981-1983) President

s t e l l a Hedge First Vice- President

R . ~ o l l i n g s h e a d Second Vice-President

Ken Wilmot Secretary

THOMAS MASTERS

Treasurer and Membership BRUCE H. RASZMANN

Mailing Address Box 33, Waterloo, Ont. N2J 326

DIRECTORS

Area 1 H . W h i t f i e l d 1% Tom. Kosztaluk 2 C . B - L a i s t e r 3 Me1 F iske 4 Bob F l e t c h e r 5a Wm. Gordon 5b Tom Kennedy

6 W. Ham

7 Walter Ciona 8 Ed Keetch 9 Len F l e t c h e r

10 R . A lbe r t Audio- Visual Service

Chas. B. Laister NO. 3 Highway Tillsonburg, Ont. N4G 3J1

Editor

Bruce R. Watt 11 3 Northr idge St; 0s awa, Ont. L1G 3P3

Librarian

Thomas Masters 823 Van Street, London, Ontario N5Z 1 M8

Head Jud Efmer Workman

VOLUME 2 2 MAY 1983 PAGE 64

Outlook For 1983

The Numismatic Coin Market i s j u s t a s s t r o n g , maybe s t r o n g e r , t h a n t h e s t o c k market .

The co in market w i l l remain s t r o n g through

t h e coming growth c y c l e and th rough t h e i n -

f l a t i o n a r y c y c l e which w i l l fo l low. When t h e

I nex t i n f l a t i o n a r y c y c l e causes a downturn i n

I s t o c k s , t h e r a r e c o i n market w i l l s t i l l be I

1 r i s i n g . So look t o h o l d c o i n s f o r a t l e a s t t h r e e t o f i v e y e a r s f o r t h e g r e a t e s t p r o f i t p o t e n t i a l . The co in market must be e n t e r e d wi th c a u t i o n ,

I however. Only p rope r ly graded c o i n s should be

I purchased. Always t a k e d e l i v e r y . Only work

wi th r e p u t a b l e d e a l e r s . And, f o r now, buy b

only mint cond i t i on c o i n s e t c .

Bruce R . Watt E d i t o r

--

THE ONTARIO NUMISMATIST is published by the Ontario Numismatic Association. The publication can be obtained with membership in one of the following categories: Regular Membership tg.00 annually. Husband and.Wife (one journal) q . 00 annually. Junior (up to 18) $3.00 annually. Club Membership $10.00 annually. Life Memberships available for $50.00 after 3 years of regular membership.

Remittances payable to the Ontario Numismatic Association, P.O. Box 33, Waterloo, Ontario. N2J 326.

Authorized second class mail by the Post Office Department, Ottawa, and for payment of postage In cash.

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By TESSA WILMOTF Staff Writer

. Toronto SUJI,

Over 100 y e a r s ago a bunch of i n v e s t o r s i n Canada and B r i -

t a i n pu t up 100 Pounds each, f o r a t o t a l of 719,000 Pounds,

and g o t a ra i lway going.

They were people wi th a l o t of f a i t h who'd never h e a r d of

i n f l a t i o n . They were d e l i g h t e d wi th a 4% annual r e t u r n f o r t h e

nex t 999 y e a r s .

Well , t h e more t h i n g s change, t h e more t h e y s t a y t h e same.

Most o f u s have never hea rd of t h e Toronto, Grey & Bruce r a i l -

way and i n f l a t i o n h a s rendered a 4% r e t u r n r i d i c u l o u s , b u t S o l

Mednick i s s t i l l d e l i g h t e d . He g o t a r e t u r n where h e never e x -

pec ted one.

Mednick i s a Toronto r e c e a t i o n a l r e a l e s t a t e agent who c o l ,

l e c t s o l d s t o c k and bond c e r t i c a t e s . "1 came a c r o s s t h i s one

whi le reviewing bonds i n New York Ci ty , ' ' he e x p l a i n s . H i s 1882

bond, numbered 6539 ou t of 7190, came complete wi th l i t t l e cou -

pons, good f o r 2 pounds every s i x months.

"1 c l i p p e d o f f two of t h e coupons," he s a y s and fol lowed t h e

d i r e c t i o n s on t h e bond. He s e n t h i s coupons t o t h e Bank of Mont-

r e a l , who e s s e n t i a l l y drew on Canadian P a c i f i c R a i l accounts , and

g o t h i s 4% i n t e r e s t .

The Toronto, Grey & Bruce b u i l t 73 m i l e s of t r a c k between

1869 and 1873 going from Toronto t o Al ton, t o Orangev i l l e , t o

Southampton, t o o t h e r On ta r io towns u n t i l it found i ts way t o Owen

Sound. It was c a p i t a l i z e d a t 10,000 common s h a r e s and wi th 719,000

Pounds i n f i r s t mortgage bonds.

It seems t h e Toronto, Grey&Bruce f e l l on ha rd t i m e s . When it

wasn ' t a money maker, i t s l i n e s and l a n d s were l e a s e d t o Ontar io

& Quebec, t h e ra i lway t h a t jo ined Windsor t o Montreal v i a Toronto,

i n a pe rpe tua l l e a s e w i th O&Q p i ck ing up t h e 4% i n t e r e s t payments I

f o r t h e 999 y e a r s .

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COLLECTOR OF OLD stock and kind cesitificates, Sol Mednick, clipped a coupon faom this 1882 bond and discovered the divNends are still being paid.

The 0&Q had i t s t r o u b l e s t o o and, a y e a r l a t e r , i n 3884, t h e I

l e a s e a long w i th O&Q l i n e s and l a n d s was t r a n s f e r r e d t o CPR. So

CP was paying t h e t a b f o r . the bonds and s t i l l i s .

CP R a i l a p a r t of t h e conglomerate Canadian P a c i f i c Ltd d o e s n ' t I I

know e x a c t l y how many 4% d iv idends i t s paying. B i t by b i t it 's I bought back bonds and h o l d s about 66% of t h e common s h a r e s . To

d a t e , i f each of t h e 7 , 1 9 0 bondholders c la imed h i s 4% annual r e -

t u r n , CP would have p a i d ou t 2 . 8 m i l l i o n pounds. Over t h e l i f e of

l e a s e CP i s l o o k i n g a t a 28.7 m i l l i o n pounds inves tment .

T h e r e ' s s t i l l s emi -amua l mee t ings of t h e Toron to , Grey & Bruce

t o p r e s e r v e t h e ccmpany c h a r t e r , and m i n o r i t y s h a r e h o l d e r s , where- v e r t h e y may b e , a r e n o t i f i e d by newspaper ads .

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Says one col1ectc . r : "They were probably presumed worthless

when O&Q took up t h e l e a s e . f l ,

T h a t ' s not n e c e s s a r i l y t h e case. There ' s t h e example of 0&Q. According t o CP L t d ' s 1982 annual r e p o r t t h e company i s t i e d up i n two cour t a c t i c n s brought by t w c n i n o r i t y shareholders uf the

Q&Qy t h e T . EaCon Co. Pension Fund and Toronto broker Joseph Pope. The minori ty shareholders a l l e g e Misuse of a s s e t s , breaches

and t e rmina t ions of t n e pe lpe tua l leasel ' with 0&Q. They a r e , they have argued before t h e c o u r t s , en - t i t l ed t o some of t h e proceeds from t h e s a l e of O&Q su rp lus lands . It comes out t o a l o t of cash.

That i s s u e i s s t i l l await ing p l a i n t i f f appeal before t h e Sup- reme Court of Canada. I n t h e meantime O&Q s tock has gone about $100 t o $8,500 then $15,000 i n 1979. I n 81 it had backed down t o

$13,000 and i t ' s c u r r e n t l y around $6,500 i n over-the-counter t r a d -

ing.

A s f o r Mednick, h e ' s happy. "1 bought it a s a c o l l e c t o r l s i tem,"

he says gr inning. " i t ' s worth $100 t o $l25.I1 He f i g u r e s s o f a r h e ' s

go t t en $50 worth of dividends out of t h e dea l . And t h e r e a r e s t i l l

898 years t o go.

"H'hoever wins this penny-ante pot has really got something; there's a 1914-D in it!"

Page 5: Outlook 1983 - Ontario Numismatic Associationthe-ona.ca/ON/V22.05.May.1983.pdf · but to buy them back at a slight discount, creating a twoway market considered the key to the Krugerrand's

COIN WEEK CANADA REPORT

Promoting with the approved theme "Numismatics: Exploring our Proud Heritage", the first World Coin Week in history has been an outstanding success, according to L. H. Scoop Lewry of Moose Jaw, Saskat- chewan, who co-ordinated the event.

"What we attempted to do was to get coin clubs around the world to be informed on Coin Week North America, now in its second year, and to co-relate National Coin Week in the United States and Coin Week Canada with a world-wide recognition for the hobby", he said.

"We have the unique situation where The Elks Club in Wildwood, Alberta, Canada and the Cyprus Numismatic Society in Nicosia, Cyprus, minted a medallion for the first world coin week at the same time", he said.

In addition, clubs in India, Capetown, South Africa and Keflavik, Iceland have thrown their weight behind the annual observance, as well as Great Britain, Germany, The United States and Mexico.

Lewry said he was pleased with the first attempt to get clubs interested in a world-wide coin week and he will certainly be able to promote the event for even better involvement in 1984.

Lewry was appointed Chairman of Coin Week Canada by John Regitko, Canadian Numismatic Association President, Eor 1982 a113 1933, -.,nd hls issucL a n~anbcr cf numirmat-::: firsts, including the first Canadian souvenir money cards and the first triangle stamps ever issued in Canada. All proceeds from the sale of these items ar'e used to expand coin week promotions.

The events have been approved by Adna Wilde, Jr., President of the American Numismatic Association; John Regitko, President of the Canadian Numismatic Association and Senor Javier Lopez de lerena, Presidente of the Socie- dad Numismatics de Mexico.

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The "final artifact" for Coin Week 1983 - a three-inch spruce dollar - has been "minted" by L. H. Scoop Zewry, Coin Week Chairman.

The spruce dollar, produced in Prince George, B. C., is the second minted for an organization outside of Prince George. The first was for Coin Week Canada 1982.

The obverse of the trade dollar for 1983 shows the first World Coin Week and the design of the Wildwood, Alberta, Elks Club trade dollar has been reproduced with permission of that club. The reverse shows the insignia of the United States, Canadian and Mexican Numismatics Associations and states the wood is good for trade in Moose Jaw during 1983.

Only 500 have been made and they are available to collectors for $3.00 postpaid from Mayor L. H. Scoop Lewry, P.0- Box 1982, Moose Jaw, Saskatchewan S6H 7??7.

Page 7: Outlook 1983 - Ontario Numismatic Associationthe-ona.ca/ON/V22.05.May.1983.pdf · but to buy them back at a slight discount, creating a twoway market considered the key to the Krugerrand's

Yank feds hope Sa~ehrno will blow golden emae more

By DENIS G. GULINO WASHINGTON (UPI) -

The U.S. government i s mak- i n g another e f f o r t t o t u r n Amer-

i c a n s i n t o go ld bugs, u n v e i l i n g

bo th new g o l g medal l ions and a

market ing s t r a t e g y des igned t o

improve on t h e succes s of t h e

South Afr ican Krugerrand.

New one-ounce and h a l f ounce

g o l d p i e c e s have been designed t o

resemble t h e go ld c o i n s of o t h e r

c o u n t r i e s complete wi th a beaded

edge, t h e name of t h e Uni ted

S t a t e s and t h e weight prominent ly

d i sp l ayed , co in d e a l e r s s a i d .

But whi le t h e one-ounce med-

a l l i o n resembles t h e Krugerrand

format it w i l l no t be mistaken

f o r a product of South A f r i c a ,

where r a c i a l s e g r e g a t i o n i s s t a t e

p o l i c y . The American one-ounce medal l ion commemorates b l ack j azz

. . . . . . . - . . - - . . - This time gold strikes him as U.S. sets out to popularize new oneounce gold win bearing the musician's image.

s t y l i s t Louie Armstrong, a U.S. Mint spokeswoman confirmed on A p r i l 7 t h , 1983.

Coin d e a l e r s desc r ibed t h e new program a f t e r a p r i v a t e p u b l i c r e l a t i o n s f i r m informed th 'e news media Treasury S e c r e t a r y Donald Regan would u n v e i l t h e co in-

l i k e medal l ions and t h e s a l e s s t r a t e g y .Apr i l 12 th . Prec ious metal d e a l e r s say t h a t even more important t o t h e

s a l e t h a n t h e des ign i s a new s a l e s s t r a t e g y c l o s e l y resembling t h e way South Afr ican Krugerrands a r e marketed, widely cons idered t h e most s u c c e s s f u l g o l d co in program i n t h e world.

Page 8: Outlook 1983 - Ontario Numismatic Associationthe-ona.ca/ON/V22.05.May.1983.pdf · but to buy them back at a slight discount, creating a twoway market considered the key to the Krugerrand's

American co in d e a l e r s , brokerage houses, banks, department s t o r e s and o the r o u t l e t s w i l l o f f e r not only t o s e l l t h e coin but t o buy them back a t a s l i g h t d iscount , c r e a t i n g a twoway market considered t h e key t o t h e Krugerrand's success .

The admin i s t r a t ion has e n t h u s i a s t i c a l l y backed t h e gold

s a l e s program, d e s p i t e r ecen t c r i t i c i s m t h a t such investments

d i v e r t funds away from t h e n a t i o n ' s pool of savings used by businesses t o c r e a t e new jobs.

The government a l s o s e l l s s p e c i a l gold Olympic commemor- a t i v e co ins , but adds a s i z a b l e f e e which i s t r a n s f e r r e d t o t h e

Olympic program.

I n c o n t r a s t , t h e American gold medallions s e l l a t p r i c e s

which compete with t h e Krugerrand, t h e Canadian Maple Leaf and

o ther investment .co ins .

Archi tec t Frank Lloyd Wright w i l l be on t h e half-ounce med-

a l l i o n .

>L IC>LJL>LZLJCJL>LJLJL ,, ,\ ,, ,\ ,% ,, ,\ ,. 1, 8, ,\

SPECIAL NOTICE

On Friday Apr i l 15th) 1983 we i n t h e

Numismatic hobby l o s t one of our b e s t

known, wel l l i k e d fr iend; . . . FRANK ROSE,

of Deerf ie ld Bea-ch, F lo r ida , formaly of

Toronto. He was t h e founder of Torex a s

wel l a s having t h e wel l known coin . shop

i n t h e Arcade i n Toronto before moving

t o F lo r ida .

Page 9: Outlook 1983 - Ontario Numismatic Associationthe-ona.ca/ON/V22.05.May.1983.pdf · but to buy them back at a slight discount, creating a twoway market considered the key to the Krugerrand's

In memory of a fr iend Frank R o s e ; who

passed away on Friday, Apri l , 15th) 1983 , To a l l of u s you gave your b e s t .

God grant you peace and r e s t .

You w i l l be missed. . . . Executives of t h e

Ontario Numismatic Associat ion

It w ~ s a q r e z t p l e a s u r e f o r ;71v w i f e ~ ~ n d I t o be dinn$r q u e s t s of F rank a t h i s \oms i n 3 x 2 R z t o n , FJ-oriAe. on 123,rch 15, 1733 w h i l e we were v a c a t i o n i n $ In F l o r i h .

S h o p t l y 3ft6r ollr r s t u r r ! t o F o r t .Tali, Nova S c o t i a , I h e a r d from Fra:rlk, who s~r=rrested, we meet a t t h e Torex S q r i n q Show iq T o r m t o i n Y q r . 7 0 t h o f 11s had m.2e a i r r e s s r v a t r o n s t o f l y t o T o r n n t ~ . A w ~ e k l a t e r , on Apri.1 16t,h, I r e c e i v e 5 . a phme csll from h i s s i s t e r snno~.uncin.y h i s zsssiny i n F l o r i d a .

It has h e e n x;,.r - ? r i v i l e ~ e 20 have knovm Fra:lk Rose f o r t??irt:; y e a r s . Ye w f 7 s E r32l f r i e n d , an h o n e s t 8.38 tremcn-'ous 7 ~ o m o t e r . I 2'1 Sure he w i l l h e y r e ~ t l ~ y riissor3 55r 911 t l lose v~ho had nerson? . l o r b :~s inass r e l ~ t i o n s w i t h h i m .

3or F l i c k P o r t J o l i , N.S.

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DID YOU KE3OW: by Terry fioit.

Nore about Foreign Currancy;

MALAYSIA : T h i s one-Collar hankno te was issued by the Federation of Malaysia.

The Federat ion 's f i rs t supreme chief of s t a t e , Tuanku Rahman, is portrayed on the obV.crse. =dul Rahmsn was chosen supreme chief of s t a t e i n 1957 a f t e r Malaysia achieved independence from Great Bri ta in . A kind and dedic.?ted leader, Abdul Rahman served his nat ion unt i l : h i e 9

death i n 1960. The o f f i c i a l synfiol of the Central Bank of Malaysia can be seen on

the reverse. The dark l i n e extending v e r t i c a l l y through the banknote designates the no*Le a s l ega l tender.

The Federation of Malaysia occupies two separa te land masses in Southeast Asia, Ezst Malaysia is s i t ua t ed on the northern port ion of t he i s land of Borneo, while West Malaysia is located some 400 mile8 across t he South China Sea on the southernmost t i p of the Malay Peninsula. I

The federation was founded on September 16, 1963 when Malaya, Sarawak, Sabah and S i ~ g a p o r e unitl2d t o form an independent state, Singspore withdrew from the federat ion i n 1965.

The population is near ly 13 mil l ion. The production of matural rubber from trees indigenous t o the area and t i n form the bas i s of Malaysia's economy. $$$$$$$$$$$$8$3$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ SINGAPORE :

The one-dollar b&n?:r\ote was issued by the Republic of Singapore, The s t a t e coat o f arnis, supported by a l i o n and a t i g e r , can be seen

--.- .LII -is.- -rrPeT r i ~ : ~ t ; corner. The sh i e ld bears a crescent which s i g n i f i e s the na t ion ' s asp i ra t ions td achieve the i d e a l s of democracy, j u s t i ce , squaiity, peace 2nd progress as represented by the f i v e stars. khe mot4:o I w;l.:LciP -5; Lnsczib~d i n Kalay , means "Forward Singapore ."'

The beaat.ifui biack-ns2ed t e n , a fami l ia r coas ta l res iden t of Singapore, is dr+picted on. the l e f t . Tne modern skyl ine of the city appears alonq tlie bottsn, 3nd a watermark portraying the head of a lion can be seen : ' ~ t below ~ ' n c coat of arms. The l i o n f igures prominently i n the cc l t*~ . ; of .the 2rt.a. Indeed, the name Singapore means City of the Lion.

The hi:.tory of modern Sinyapore dates back t o 1819 with the arrival of S i r Thomas Stamfcrd Ra f f l e s , an agent f a r the B r i t i s h East India Co, Realizing th r economic po:e,ntial of t he area, he persuaded t h e British government to purchsse th? t e r r i t o r y . Within f i v years Singapore had become a major Br i t i sh triiding post .

Sii~gapore became a fu .Ly independent republic i n 1965. Rapid economic growt'll has made ..t one of the most prosperous nat ions in. Southeast Asia. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Children are l i k e spolrges, They absorb a l l your s t reng th and leave you limp. :Jut give them a squeeze and you ge t it all. back.

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. .

+. Association News: O N T A R I O N U M I S M A T I C A S S O C I A T I O N FOUNDED - 1964

BOX 33. WATERLOO. ONTARIO. CANADA N2J 326

1983 - 1985 O.N.A. Executives Nominations And E lec t ion Resu l t s

General Membership Meeting Apr i l 9 t h , 1983

Peterborough, Ontario, Can.

P res iden t . . . . . . . . . , . S t e l l a Hodge Acclamation 1 s t Vice Pres iden t ... Roy Hollingshead Acclamation

2nd Vice President. . .Ken Wilmot Acclamation

Secre tary . ........... Tom Masters Acclamation

Treasurer . . ..,....... Bruce Raszmann Acclamation

Direc tors :

Area la.....Howard Whi t f i e ld Acclamation

l b . . .. .Tom Kosztaluk Acclamation

2 .... .Chas B. L a i s t e r Acclamation

.... 3 .Me1 Fiske Acclamation

4 . . . .Bob F le tche r Acclamation

5a.. .. Wm. Gordon Acclamation

5b.. .. Tom Kennedy Acclamation

6 . .... W. Ham Acclamation

7 . .... Walter Ciona Acclamation ..... 8. E d . Keetch Acclamation

9 . .... Len Fle tche r Acclamation l o . . . . . R . Albert Acclamation

Me1 Fiske Nomination & Elect ion Committee

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O N T A R I O N U M I S M A T I C A S S O C I A T I O N _ _ _ - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - - - TREASURER'S REPORT

FOR PERIOD JANUARY 1, 1982 TO DECEMBER 31, 1982

GENERAL ACCOUNT

P e t t y Cash @ Jan. 1, 1982 1.30 Bank Balance @ Jan. 1, 1982 (Daily I n t e r e s t )

11 I I 11 11 (General Fund 1497.61 I I 11 I I I I (Library) 4.22 11 11 11 I I ( V i r g i l HancockAward) 101.62 I I 11 11 11 (Audio Visual) 46.55

RECEIPTS

Memberships (Regular, Junior & Club) Convent ion (Toronto) O.N.A. Convention Draws Club Ticket Rebate Bank I n t e r e s t Bu l l e t in Advert is ing Repayment of 1982 Convention Advance Premium U.S.A. Money Donat ions Advance - F. C. Jewett

EXPENSES

O.N.A. Publ ica t ion "Ontario Numismatist" Postage P r i n t i n g Safety Deposit & P.O. Box Rental Honorar iums Scholarship - Grant Monck ANA Dues Off i c e Supplies Telephone Library (1981) Award of Merit Insurance O.N. A. Ticket Rebates Room Rental , Travel l ing Expenses & Tax V i r g i l Hancock Jr. Membership Proof Like Set & Si lve r Dol lar Advance - F. C. Jewett Excess Receipts Over Expenses

P e t t y Cash @ December 31, 1982 Bank Balance (Daily I n t e r e s t )

I I " " (General Fund) 11 " " (Library) I I

" " (Vi rg i l Hancock Award) I I

" I' (Audio Visual)

BANK RECONCILIATION

Bank Pass Book Balance @ December 31, 1982 (2) Outstanding Cheques To ta l l ing

Statement Bank Balance @ December 31, 1982

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O N T A R I O N U M I S M A T I C A S S O C I A T I O N ------- . . . . . . . . . . . . . . . . . . . . .

TREASURER'S REPORT

FOR THE PERIOD JANUARY 1, 1982 TO DECEMBER 31, 1982

CONTINENCY ACCOUNT_

Bank Balance @ January 1, 1982

RECEIPTS

I n t e r e s t Guaranteed Investment C e r t i f i c a t e s 365.00 Bank I n t e r e s t 701.41 1066.41

EXPENSES NIL

Excess Receipts over Expenses

Bank Balance @ December 31, 1982

LIFE MEMBERSHIP ACCOUNT

Bank Balance @ January 1, 1982

RECEIPTS

L i f e Memberships 250.00 I n t e r e s t Guaranteed Investment C e r t i f i c a t e s 385.00 Guaranteed Investment C e r t i f i c a t e (Matured) 500.00 Bank I n t e r e s t 104.47 1239.47

EXPENSES I

Membership Dues (1982) 476.00 Guaranteed Investment C e r t i f i c a t e -- 2200.00 2676.00

Excess Expenses Over Receipts

Bank Balance @ December 31, 1982

CASH ASSET SUMMARY @ DECEMBER 31, 1982

Cash & Bank Balance - General Account Bank Balance - Contingency Account Guaranteed Investment C e r t i f i c a t e s

Contingency Account Bank Balance - L i f e Membership Account Guaranteed Investment C e r t i f i c a t e s -

L i f e Membership Account

T o t a l Cash Assets 1981

Increase i n Cash Assets

The Bank Accounts a r e maintained a t The Canada Trus t , Bglmont Branch Kitchener, Ontario

Treasurer .A&+/. , A

Page 14: Outlook 1983 - Ontario Numismatic Associationthe-ona.ca/ON/V22.05.May.1983.pdf · but to buy them back at a slight discount, creating a twoway market considered the key to the Krugerrand's

ONTARIO NUMISMATIC ASSOCIATION 1983 CONVENTION DRAW

"MEXICO FIESTA"

Drawn April 10, 1983

-. -. -. -. WINNER DON ROBB .): Box 724 * * Waterloo, Ontario * -. -. -. SELLER -.

SAME ! !

2ND PRIZE 10 Ounce Bar of Silver J. Jones 210 Harley St. London, Ontario

CONSOLATION PRIZES

1965 Prooflike Set 1970 Prooflike Set 1970 Prooflike Set 1971 Prooflike Set 1972 Prooflike Set 1973 Prooflike Set 1974 Prooflike Set 1975 Prooflike Set 1976 Prooflike Set 1977 Prooflike Set

Sarfraz Malik '

Roy Hollingshead C.L. Atkins John M. Choy Mrs. Mary Kehoe June Annesley Jean A. Bullen L. K. Coles K. Langstaff Peter Kanis

London Guelph Kitchener Petrolia Oshawa Willowdale Rockland I11 nois Ingersoll Kendal Cambridge

Page 15: Outlook 1983 - Ontario Numismatic Associationthe-ona.ca/ON/V22.05.May.1983.pdf · but to buy them back at a slight discount, creating a twoway market considered the key to the Krugerrand's

O N T A R I O N U M I S M A T I C A S S O C I A T I O N FOUNDED - 1969

B O X 33. W A T E R L O O . O N T A R I O . CANADA N2J 326

O . N . A . 1983 CONVENTION DRAW CLUB REBATES

CLUB BOOKS REBATE

SOLD

Waterloo Coin Soc ie ty Cambridge Coin Club Sa rn ia Numismatic Socie ty S t . Ca tha r ines Coin Club Brantford Numismatic Socie ty Huronia Numismatic Assoc ia t ion

C i ty of Ottawa Coin Club

S t r a t f o r d Coin Club

Champlain Coin Club

Oshawa & D i s t r i c t Coin Club

This t le town Coin & Stamp Club Niagara F a l l s Coin Club

Nickle Be l t Coin Club

I n g e r s o l l Coin Club

Hamilton Coin Club

Richmond H i l l Coin Club

Welland & D i s t r i c t Coin Clu,b

Timmins Coin Club

North York Coin Club

Windsor Coin Club

S t . Thomas Numismatic Assoc ia t ion

Toronto Coin Club

T i l l sonburg Numismatic Associat ion

Lakeshore Coin Club

Canadian Assoc ia t ion of Wooden Money

Kent Coin Club

Canadian Large Cent Club

Woodstock Coin Club

Peterborough Coin Club

Scarborough Coin Club

Cen t ra l Coin Club

London Numismatic Soc ie ty

Markham V i l l a g e Coin Club

3: Norfolk Coin Club 1 2.00

Page 16: Outlook 1983 - Ontario Numismatic Associationthe-ona.ca/ON/V22.05.May.1983.pdf · but to buy them back at a slight discount, creating a twoway market considered the key to the Krugerrand's

j; Lake S u p e r i o r Coin Club

.K Mississauga Coin Club

Don Thomas Mem. Fund 4 8.00 O.N.A. 24 - 48.00

412 824.00

Note:+ A r e non-member c l u b s . which have l e t t h e i r membership e x p i r e .

MAY 7 t h ) 1983 CANNINGTON, ONTARIO ............. VICTORIA-SIMCOE NUMISMATIC

ASSOCIATION ' S 23rd Annual Coin Show Rebekah H a l l , 24 Laidlaw S t , s . , ,

Cannington, Ontar io .

10:OO A . M . t o 5:00 P.M.

Banquet 6:OO P.M.

f o r i n fo rma t ion .... M r , Elmer Workman

R.R. # 2 , Cannington,

Ontar io , LOE 1EO. >L>L>L>L>CJLX>LY >L>IJL>L>L>L>L>C>L>L n 8, n 3, n 8, 1, ,\ ,< # % ,\ ,\ ,\ ,, ,\ n ,, ,, ,.

MAY 1 4 t h ) 1983

DOWNsview, Ontar io . ............ This t le town Coin & Stamp Club ' s

Annual CG--1 & Stamp Show

Sher idan Mal l , Downsview.

f o r in format ion . . . . Robert P o r t e r

P.O. Box 1143, S t a t i o n "B" 9

Weston, Ontar io , M9L 2 ~ 8

Page 17: Outlook 1983 - Ontario Numismatic Associationthe-ona.ca/ON/V22.05.May.1983.pdf · but to buy them back at a slight discount, creating a twoway market considered the key to the Krugerrand's

MAY 15 th , 1983

WINDSOR, ONTARIO .............. Windsor Coin C l u b ' s

Annual Coin Show

Knights of Columbus Hal l

1140 Goyeau S t , Windsor, Ontar io .

. . . . For in format ion . Gary Stamcoff

1165 Lincoln Rd., Windsor,

Ontar io , N ~ Y 2 ~ 6

MAY 29th , 1983

. . . . . . . . . . . . . . . . INGERSOLL, ONTARIO INGERSOLL C O I N CLUB"s

Mini-Coin Show

Kiwans Bu i ld ing , Sen io r C i t ezens

Room

Thames S t . , S . , I n g e r s o l l , Ont.

For i n fo rma t ion . . . Tom Masters 823 Van S t r e e t , London, On ta r io ,

JL>L>L JC>C>LJLJLJL>LJL >L>L>L>L>C>LJL>L ,, ,, ,, ,, 8, ,, 1, ,\ ,, ,, ,, 1, ,, ,, ,\ 3, ,\ ,\ 8,

J U N E 1 1 t h ) 1983 RICHMOND H I L L , ONTARIO . . . . . . . . . . . . Richmond +till Coin C l u b ' s

Annual Coin Show

H i l l c r e s t Mal l , Richmond H i l l ,

For i n fo rma t ion . . .. Robert P o r t e r

P. 0. Box .I 143, S t a t i o n "B1l 9

Weston, Ontar io , M9L 2 ~ 8 . >L>CAL>CJL >L>L \L>L >*->C>L >LAC>< JJJ>L

#. ,% ,I 3, ,, ,\ ,, 7, ,, ,, ,, ,, ,, ,\ ,, ,, ,,

J U N E 26th , 1983 BRANTFORD, ONTARIO ............... Bran t fo rd Numismatic Soc ie tyf l s

5 t h Annual Coin Show

Brant ford C iv i c Cent re . f o r i n f o r m a t i o n . . . . John Barchino

Box 953, Branford, Ontar io , N3T 5S1.


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