Ironwood Daily Globe from Ironwood, Michigan on June 9, 1965 · Page 12
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Ironwood Daily Globe from Ironwood, Michigan · Page 12

Ironwood, Michigan
Issue Date:
Wednesday, June 9, 1965
Page 12
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Twnvt lEONWOOD DAILY GLOBE. IRONWOOD. MICHIGAN WEDNESDAY. JUNE 9. If65. Berry's World IMS by NEA, Inc. • • "Let's moke it a dime a holt, Frank. (factored bankruptcy!" Lost week / There Is Money to Be Made In Coins, Collector Notes By BILL McCORMICK NEW YORK —(NEA) —When you ask John A. Fox about the b^ boom in coin collecting, you get a question in reply. "Why is everybody grabbing up coins, all of a sudden?" you ask the numismatist. "How do you explain Picas* so?" he replies. In some circles, this Is known as an Irish reply. "Picasso is still alive, turning Experts Advise Elm Cuttings in Trouble Areas LANSING — Owners of timber in inorthern Michigan areas where Dutch elm disease is present are urged by Conservation Department foresters to cut all of their marketable elm trees while there is still a chance to get their money's worth out of their stumpage. The department's new cut-it- how approach to elm management is a sharp departure from its normal policy of recommending that harvests only be made of which have reached their peak of maturity. Also, department foresters usually do not advise clear cuttings as they are doing now. "We're not pushing the panic button," assures Allen H. Boelter, in charge of utilization and marketing with the department's forestry section in Lansing. "However, we've seen how the disease has destroyed t r e- mendous volumes of elm in southern Michigan and we don't want northern timber owners to s h a re the same sad e x - perience." "Our new approach," Boelter adds* "is still in keeping with good conservation. It encourages private landholders to put their marketable elm trees to use before they go to waste. Naturally, some growth is going to be sacrificed by cutting these trees before they are at full maturity, but this is much better than holding off and losing everything." Bay E. Pfeifer, in charge of forest resources with the department, is quick to point out that the push for stepped-up elm cuttings in trouble areas still provides for future production. "We're just talking about harvesting merchantable trees," he explains. "As long as this species isn't wiped out, the young trees which are left will be prolific sources of seed for regeneration." Several factors add weight t o the department's recommendation that elm be cut at a faster pace in the Upper and northern Lower Peninsulas. Most important is the threat of the disease itself. Like a cancer, Dutch elm disease has spread to 56 of Michigan's 83 counties and by 1975 its presence is expected to be statewide. The disease, which has taken its heaviest toll in southern Michigan, is already making out stuff a mile-a-minute, and may have a warehouse full o his work, so there should be no scarcity," Fox points out. '"5 collectors snap up anything o his they can get their hands on "Pride of possession, ego—be ing able to say "I own a ful roll of '50 D nickels' or point tc a picture on your wall witt 'that's from Pablo's cubist per iod'—that's what makes peopl collect coins, as well as Picas sos. And there is money to b made, both in Picassos an coins." There certainly is in coins and with a lot smaller invest ment than required for Picassos For instance, a roll of 40 of th '50 D nickels Fox refers to—and there were 2,630,030 of the coins minted—brings between $850 and $900 on today's market, depending on condition. Pretty good for a $2 investment 15 years ago. * * * In 1909 the Lincoln head-type penny was minted to replace the old Indian head cent. Designed by Victor D. Brenner, it was issued to commemorate the centennial anniversary of Lincoln's birth. The designer's initials appear on a limited quantity of the coins and the San Francisco mint produced the smallest issue (484,000) before the initials We're Your OFFICIAL FOOD STAMP STORE! US. CHOICE BEEF SfllE! Stock your freezer with the best—Red Owl Insured U.S. Choice Beef—at special summer savings! ROYAL DANISH LUNCHEON MEAT KJDR Full Gallon U.S. CHOICE, RED OWL INSURED, BEEF-BLADE CUTS CHUCK ROAST RED OWL FROZEN (they were re- to the obverse inroads into them areas, a number of nor including those were removed stored in 1918 side). Ten years ago, San Francisco- minted 1909 Lincoln head pennies, with the S indicating mintage and the initials V.D.B., for the designer, brought $20 apiece in excellent or uncirculated condition. Today each such coin Is valued at no less than $300. While the V.D.B. S 1909 Lincoln head is the scarcest penny, it is not the most valuable. A 1914 D, of which 1,193,000 were struck, can be worth up to $700. The condition of collector's coins ranges from "fair" which means it has enough design and letters to be easily identified, although well-worn, to "Proof. 1 Proofs are especially struck for collectors at Philadelphia only and have mirror-like surfaces. * * * There are even grades of Proofs, which are made from carefully selected metal blanks free from imperfections, that have been washed with a solu tion of cream of tartar, rinsed in water and dipped in alcoho before being cast. Matte Proofs have a sandblast surface instead of a mirrored one and New Die Proofs are the first impressions off regular production dies. "Coin collecting began to expand about 10 years ago, but just why .at that time I cannot say unless it be that we were entering an era of great prosperity," says Fox. "Collectors then started the now widespread practice of buying whole rolls fresh from the mint. There isn't so much activity in real old coins, perhaps because you can fill out new issues more readily, or at least be a bit more certain of ultimately doing it." Not that old coins aren't priceless, but their collection is usually left, by necessity, to those who have large sums to invest— and who aren't primarily inter- around Escanaba, Sault 81 e Marie, and Marquette in tbe Upper Peninsula. At stake, according to department foresters, is an estimated $10 million worth of elm saw timber —about $7 million in the northern Lower Peninsula and another $3 million above the Straits. Another, key consideration for timber owners is the fact tha the market for elm is the bes it has been in many years. This species is much in demand b y (urn iture manufacturers a nd drawing a high dollar in sales No one knows how long this favorable market will continue especially if sales shift from elm to other species because of tbe I Orange Juice |% RED OWL FROZEN b Grape Juice $i ••••••••••••••••*••.•••••••••••••••••• •U.S. CHOICE, BEEF CHUCK : BLADE CUT CRUSHED, CHUNKS, TIDBITS (13&OZ.) Dole Pineapple SLICED (14&OZ. CAN) Dole Pineapple MIX OR MATCH 6-OZ. CANS U.S. CHOICE, RED OWL INSURED BEEF CHUCK-WELL TRIMMED Boneless Roast <» 69 CANS FOR II ARMOUR'S-BONELESS : FRESHLY GROUND BRIMFULL ASST'D CARBONATED BEVERAGES Canned Ham " 349 GROUND CHUCK ,„. 59c HORMEL-CONVENIENCE SIZE ARMOURS ASSORTED LUNCH Canned HamwT» MEATS 3 6 X" 99c STOKELY SALE CUT 12-OZ. CANS U.S. CHOICE-RED OWL INSURED BEEF-ROUND BONE With Purchase of an 8 Pack of 16-oz. COLA COCA CONDENSED RED OWL VEGETABLE 10'/2-OZ. CANS SWISS STEAK Green Beans 3-SIEVE EARLY JUNE Sweet Peas WHOLE KERNEL OR Cream Corn IBB BED OWL'S BIG VARIETY OF SAVINGS! f A«MONT-W,H, CM*, .IH ^ T1SSUE _ WH1TE QR „„„ TISSUE HARVEST QUEEN FRUIT ^^ ^^ _ • • Dfiin I ivjoui-—i»i ii i L- *_M\ vsvsu\sn«7 ^^^ ^^^ ^^^ _ — ^^_ _ _ _ Cottage Cheese 23 C Northern T|SSUE 12 1°° COCKTAIL 11UE BONNET BRIMFULL NEW! KOSHER OR PLAIN ested in big, quick profits. Some United States gold dollars bring $5.000 or more. One mintage of a $3 gold piece is worth more than $2,000 and a $4 gold piece or "Stella," can be worth upwards of $15,000. "There is also a certain amount of romance and association with history in the collecting of real old coins," Fox believes. "One collector I know started out to get one of every foreign gold coin available. "One of his collection is a 1650 five-pound gold coin in perfect condition. "Think of the wars this coin has passed through—and the people they've killed. "Then try to figure out how the coin came out unscathed. , "Makes ?ou think, doesn't it?" RED OWL COUPON This Coupon Good for 50 S & H Green Stamp* with the purchase of a 1-LB. PKG. OF BING CHERRIES Limit—On* Coupon p»r Customer Expirei Saturday, June 12. 1965 RED OWL COUPON This Coupon Good for 100 S A H Green Stamps with purchase of 3-lb. or larger pkg. of Red Owl Insured GROUND BEEF Limit—One Coupon Per Customer Expires Saturday, June 12, 196S Margarine.. 2 * KRAFT-ICE CREAM (ASSORTED FLAVORS) Toppings 4 SNOW WHITE Marshmallows 10-OZ.Ji JARS* 570 Dill Pickles 25< V f RED OWL FRESH, CRISPY 100 Potato Chips 35< I SPEAS-REFRESHING. 101 Apple Juice.. Ur MORTON FROZEN (CHOICE OF 6) Dinners..... !~-39< BAKERY DEPT. Home Style Assorted Donuts » 55' Irish Bread 29' RED OWL LONGHORN TOMATOES Colby Cheese'??3» BRIMFULL CREAMY Mb. 2-ox. loaf VINE[RIPENED I Ib. | LONG, GREEN, SLICING HOMEGROWN, GREEN TOP CUCUMBERS | 2 FOR . ••*••••••'•••••••••••••••• Radishes. . . B ^ N . CH . 5< HOMEGROWN GREEN Onions.. 2 BN< P'nut Butter. p ;99< SANDWICH-BUTTERNUT, VANILLA OR ASST'D Cookies.... .*$ 49< ROSE 0' LEE-ASSORTED. Dunkers .*£ 49< HAIR SPRAY (PLUS TAX) Aqua Net...?: 2 69< 6 Col. Corp. 6-12. STORE HOURS Monday Through Saturday 9 a.m.—6 p.m. Sundays 8 a.m.—9 p.m. Prices effective thru Saturday, June 12. "Quantity rights reserved, no sales to dealers." OWL *.' w>< (

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