European Stars And Stripes (Newspaper) - April 9, 1987, Darmstadt, Hesse The stars and stripes thursday april 9,1987 com Corner new Coin club at month we have some Good news Aboul a Coin and stamp club being reactivated. Over the last 20 Yean i have seen a lot at Coin clubs come and of service personnel rotating Back to the United Stales clubs folded after iwo or three club like Heidelberg stayed Active Over the years. Now the Coin and stamp dub at Rhein Mai Nab is trying to reorganize. At present the club has about is member and it inviting anyone in the areal come to the recreation club saturday april 18 at 4 ., at which Lime there will be a buy Tell an Trade session in addition to the signing or new Mem Ben. The club expects to have a show in the stamp and Coin club the Heidelberg stamp and Coin club has a bus schedule of meetings and shows for the remainder or 1987.due to the scheduling conflict at the no club conference Center in sch Elzinger near Tompkin Barracks the club s meetings willbe held on the first and third tuesdays of each month. Meeting will beheld at 7 The remaining meeting this month will be held april 21. For the rest of 1937 meetings will May Sand May 19,june 2 and june 16. July 7 and july 21,aug. 4 and aug. 18. Sept. I and sept. Is oct. 6 and oct. 20. Nov.3andnov.17.dec. Land dec. Is the club will sponsor its second show on june 7 atthe Phi elementary school 9 . To 5 The last show of the year is scheduled Tor oct. 18.additional details will be published later. Club officials urge members to attend monthly meetings. Gold Eagle Gold eagles Are still Selling very Well if you want to sock a Little Money away buy these Bullion German government has announced that 10 snark Silver coins will be issued this s 750ih birthday anniversary will be marked with one of these issues you la have to go to a Ger Man Bank to Purchase these coins. I la let you know when hey Are you collectors in Belgium Here s some Coin news from the associated press in Brussels Belgium issued iwo commemorative european cur Rency unit coins on March 25, the 30lh anniversary of the european Community. The value of he Silver a ecu Coin has been set at500 belgian francs about $12.5. The smaller 50-Ccu Coin contains half an ounce of value of both depends on the prices of Gold and Silver not on that of he ecu which the dec Intro Duc Din 1979. Its Exchange rate against a Basket of currencies including Allec National monies the . Dollar and the japanese in is fixed daily by the european Community the dec s budget Loam and contracts Are issued in ecu. Dec Banks have ecu accounts and Issue traveler s checks in issuing of the coins is a political act of sym Bolic value to underscore Belgium s commitment to instill monetary Union among europeans the finance ministry spokesman said. We expect to min several hundreds of the coins show emperor Charles v whose Ifill Century realm encompassed much of the territory of the j 2 dec states. In 1321, he issued the Gold Carolus and 19 years later the Silver Carolus As Legal tender in his latin text around the emperor says Carolus . Rom Imp. His. Rex. Dux Burg co. Charles by the Grace of god emperor of the romans King of Spain Duke of Burgundy and count of the Coin s face value is encircled by the 12 Star representing the dec member states. On an outer ring the name Belgium is written in French dutch an German the three languages spoken in that country. In another a report this time from Washington,. Gold and Silver coins that Are Worth More than face value Are not Money but properly the tax court says. John h. Lary of hunks Villa Ala operated pre Cious objects a business trading in coins jewels and Oriental rugs in Exchange for part of his inventory he received . Gold and Silver coins including double Eagle $20gold pieces and Silver dollars. In recording the Sale Lary listed those coins at face value even though some were Worth thousands of a result his business reported a loss and paid no Federal income tax the internal Revenue service refused to accept that accounting and other parts of Lary tax return and billed him for More than$55,000. In tax court Lary argued that under the Law .Gold and Silver coins Are Legal Lender at face value and that the irs is obligated to accept As their value the figure designated by Congress. Not so the court held citing to appellate court decisions. Where coins have a fair Market value in excess of their face value their potential use As Legal tender is irrelevant he tax court wrote in the , for tax purposes such coins Are Noi Money but Bottom line the court added is that Lary was trying to deduct a loss when no loss existed. 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