Next was a 5 Keneta or Five Cent piece minted in 1881 authorized by King Kalakaua. In addition, he requested five other coins minted in 1883: the Umi Keneta (10 cents),the Hapawalu (12.5 cents), the Hapaha (25 cents), the Hapalua (50 cents) and the Akahi (dollar or dala).
Several of the coins are inscribed on the reverse with the Hawaiian motto "Ua Mau Ke Ea O Ka Aina I Ka Pono" which means "the life of the land is in righteousness."
For more information on the Hawaiian coins, what they look like and their mintages, check the online coin reference (www.coinfacts.com) or a Pastimes; Coins article in The New York Times.
In another interesting coin transaction, one dealer bought a gold $20 coin for $1200. He showed it to another dealer who recognized the coin as one he had sold in 1989 for $320. Let's see....in 20 years the coin is now 375% of its 1989 sales value. Can gold be a good investment? You decide.
See you at our next show on May 17!
As for coins, several dealers on the bourse were selling the new 2009 log cabin cents. Some had rolls at $5 each and up. Others were selling single pennies, MS65 and higher, for $3.50 each and more. These cents will have a limited mintage and will be (already are) collectors' items.
Of particular interest on the bourse was the Complete Set of Hawaiian Coins for sale. We don't mean the recent Hawaiian quarter mintages either.
Hawaiian coins include seven different coins from the 1800s. The first was a Keneta or One Cent coin minted in 1847 under King Kamehameha III.
Easter Sunday was a very nice day. It was a soft day weatherwise, with the spring blossoms of azalea and dogwood highlighted by the sun filtering through the thin clouds along with mild temperatures to enjoy the springtime air.
As expected, we did not have as many people as during our non-holiday shows, but we still had a lot of people. Many people called just to verify the show was open and came later in the day.
As is common lately, some discussions turned to the economic repercussions. People talked about how credit card companies have reduced their card limits and how that is impacting them personally and with their businesses.
Even those people who always pay their bills on time are seeing changes in their limits and in their interest rates. It's interesting, but not logical, that the credit card companies are punishing those who have been good customers.
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Coin Show - Monthly Notes from April 2009