coins

LEATHERSTOCKING STAMP CLUB MEMBERS learn about coins and currency at their most recent meeting. Lin Bissell, left, of Oneonta shared his collection of coins from the 1700s to the present, with Albert Keck and Cathy Raddatz.

Ever wonder who is on the U.S. $1,000 bill or the $5,000 bill?

Lin Bissell, a member of the Leatherstocking Stamp Club and a numismatist, enlightened club members on the intricacies of coins and currency at the club’s most recent meeting.

For the record, Grover Cleveland appears on the $1,000 bill and James Madison appears on the $5,000 bill.

Although they are still technically legal tender in the United States, high-denomination bills were last printed in 1945 and officially discontinued on July 14, 1969.

But these bills effectively disappeared well before then although some are still in circulation.

Due to their rarity, collectors will pay considerably more than the face value of the bills to acquire them.

Bissell also presented a display of coins including Spanish eight-reales (“pieces of eight’’), which would have been used by the founders of our nation.

It wasn’t until 1793 that the U.S. Treasury produced the first coins, the half-cent piece which was made of 100 percent copper and was slightly smaller than a modern U.S. quarter.

The club is sponsoring a Stamp, Coin and Postcard Show on Saturday, Oct. 16, from 10 a.m. to 4 p.m. at St. Mary’s Catholic Center, 31 Elm St. in Cooperstown. Dealers representing each of those specialties have been invited to have a sales table.

The Stamp Club will also have a welcome table and provide free stamps to any junior collector attending.

In addition, from noon to 2 p.m., individuals with questions about stamps they may have inherited or acquired, are encouraged to attend, and club members will assist them in identifying their material.

The Leatherstocking Stamp Club, which was founded in 1934, meets at 7 p.m. the first Tuesday of each month at the Tillapaugh Home, 28 Pioneer St., Cooperstown.

For more information about the Leatherstocking Stamp Club, contact Ellen Tillapaugh at 547-5646.

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