Coin show highlights banking’s past

By Jessica Marcum - Special to the Sentinel

POMEROY — As a hobby, coin collecting has the reputation for being boring. After recently visiting the OH-Kan Coin Club exhibit at the Pomeroy Library, it is a safe bet to say that the reputation coin collecting has garnered is an unfair one. Collecting coins, and the stories behind them, is instead a vibrant look into the past.

Until the 1930s and the Great Depression, banks across the country had the ability to issue currency that was backed by bonds given to each institution by the United States government. This changed when the government consolidated currency into Federal Reserve Notes, United States Notes, and silver certificates. United States Notes are no longer legal currency in the USA, but have some collection value; and silver certificates have not been issued since 1964, and are still legal tender, if obsolete. Federal Reserve Notes are now what most people think of when asked to describe a ten-dollar bill. Included in the exhibit on Saturday were several examples of local money issued by banks in Meigs County itself.

On Saturday, a few club members gathered to show off their collections to the public, and included a display of photographs that showed bits and pieces of Meigs County history. Farmer’s Bank, Home National Bank, Peoples Bank, Ohio Valley Bank, and City National Bank each donated two Morgan Silver Dollars, all of which were used for door prizes. The winners of the silver dollars are Glen Smith, Joyce Davis, Larry Staats, Lois Allen, John Boyer, Keith Allen, Bruce Cottrill, and Kathy Romine.

Besides collectible United States banknotes and coins, currency from around the world was featured. Paper money from Russia in the years before the Russian Revolution was found within the pages of a binder, along with money from the past of many other countries. These coins are not necessarily organized by country of origin, but by their shape, size, or their edges.

If you missed this exhibition, you will get another chance to see these coins, and many more, at the OH-Kan Coin Club Coin Show. It takes place on April 2, 2017 from 10 a.m. to 3 p.m. at the Quality Inn located on State Route 7 in Gallipolis, Ohio. Admission and parking are free, and drawings will be held.

The coin club can be found on Facebook, or by telephone at 740-992-6040.

By Jessica Marcum

Special to the Sentinel

Jessica Marcum is a freelance writer for The Daily Sentinel

Jessica Marcum is a freelance writer for The Daily Sentinel