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Welcome to The E-Sylum: Volume 6, Number 54, December 21, 2003: an electronic publication of the Numismatic Bibliomania Society. Copyright (c) 2003, The Numismatic Bibliomania Society. FANNING BOOKS FIXED PRICE LIST From the Press Release: "David Fanning is offering a fixed price list of numismatic literature, with an emphasis on numismatic periodicals, ephemera, and books from the nineteenth and early twentieth centuries. Items of particular note include a nearly complete run of Frossard's Numisma, important publications of early numismatic and antiquarian societies, significant publications of Ebenezer Locke Mason and W. Elliot Woodward, and signed correspondence and business documents of M.H. Bolender, Leonard Kusterer, and B. Max Mehl. For a copy of the list, e-mail David Fanning at fanning32 at earthlink.net." [The ranks of U.S. numismatic literature dealers have thinned greatly in recent years with the deaths of Frank Katen, John Bergman and Ken Lowe, and the demise of The Money Tree and Remy's Bourne's literature business. It's great to see a new face in the business. David's 12-page FPL is very nicely done, and should be a welcome sight for collectors. -Editor] KOLBE SALE 92 RESULTS [My apologies to George Kolbe for being late publishing the following release concerning his recent sale - his message to me got lost in the ether (or caught in a spam net). -Editor] George Kolbe writes: "Our apologies to E-sylum members and other interested parties for the late posting at our web site (www.numislit.com) of the prices realized list to Sale 92. The sale was earlier postponed by wildfires; this past week Linda and I were beset by the "wild" flu but both of us are getting better now and parcels will begin leaving Crestline in a day or two. A review of the results of the sale follows: George Frederick Kolbe/Fine Numismatic Books reports that: "although postponed due to the Southern California wildfires, our November 29th, 2003 auction was a great success. It brought $180,000, and over 350 bidders participated in the sale." All prices cited include the 15% buyer premium. The auction featured many seldom offered works on a wide variety of topics, and competition was often intense. Some sale results follow. A near complete set of The Numismatist, unbound, realized $2,990; the catalogue of a New York coin auction originally scheduled for April 27-29, 1865 but postponed "upon the assassination of President Lincoln," brought $402 on a $175 estimate; an early April 1 supplement to The Numismatist, probably dating from 1894, was avidly sought after, finally selling for $862 though estimated at $100; a very nice set containing all 116 of B. Max Mehl's famous series of coin auction catalogues was slow to get off the mark until the last several days of the sale when one very strong and two more moderate bids were received, followed on the closing day of the sale by bids of $3,450 and $4,025 (it ended up bringing $4,312). Works on Napoleonic medals were particularly in demand. Though unillustrated, Bramsen's three volume standard work on the topic realized $431 on a $275 estimate; two volumes on the topic from the great 19th century "Trésor de Numismatique" series were heavily bid upon, one selling for $1,265 on a $450 estimate, the other, from the family of Napoleon, brought $1,725 on a $750 estimate; an excellent set of Davenport's works on crowns and talers realized $690; George Miles' 1938 The Numismatic History of Rayy, headlined "The Most Elusive American Numismatic Society Publication?", brought $690; a wonderful bound collection of 175 Sotheby British coin auction catalogues dating from 1830 to 1900 realized $3,220; Q. David Bowers' first numismatic publication, an 8 page 1955 price list, sold for $718; an extensive research archive on obsolete paper money formed by John Muscalus brought $1,035; competition for an 1879 German auction catalogue featuring the first foreign appearance of an 1804 silver dollar, estimated at $250, continued to escalate over the course of the sale, culminating in a winning bid of $862; the many important books and catalogues on ancient coins featured in the sale generally brought strong prices; and, though a complete set failed to sell, individual early editions of Yeoman's "Red Book" from the holdings of Garce Futerer continued to be in considerable demand. A few copies of the sale catalogue are still available and may be obtained, along with a prices realized list, by sending $15.00 to Kolbe. The firm's next public auction sale, to be held in association with Stack's, will comprise the magnificent numismatic library of John J. Ford, Jr., scheduled for June 1, 2004. Details will be appearing in the numismatic press early next year, and some information and highlights are currently available at the firm's web site (www.numislit.com). The firm may be contacted at P. O. Drawer 3100, Crestline, CA 92325; by telephone at 909-338-6527; or by email at GFK at numislit.com." NEWMAN NUMISMATIC MUSEUM COMMENTS Len Augsberger writes: "I read with great interest about the Newman Library as I went to school at Washington University. It will be fun to go visit in a couple years after they get settled." Mike Hodder wrote: "As you can imagine, I was interested to read your communications with Eric about his book and coin collections. Can you email me with the exact citation to the paper in which the notice you found appeared? I'd like to obtain a hard copy for my files." [The URL was a mile and a half long, which is why I didn't publish it. Here goes. -Editor] St. Louis Today Article [A browse through my numismatic ephemera collection unearthed two pamphlets from the old Mercantile Money Museum in St. Louis. They confirm my recollection: "The museum features two audio-visual mannequins: Benjamin Franklin and a counterfeiter. Mr. Franklin presents some comments about money and his many witticisms. The counterfeiter, dressed in prison garb, explains his predicament and the penalties for counterfeiting." I wonder if he had his ears cropped... -Editor] REUTERS ARTICLE ABOUT JAVANESE COINS Howard A. Daniel III writes: "First, I want to thank the editor for identifying the Reuters' article about some Javanese coins being found in London because I missed seeing it in my news sources about Southeast Asia. I went to the Reuters' web site to read the original article. I am sorry to write that whomever the Reuters' editors and/or reporters talked to was an absolute dunce or they are being incorrectly quoted. One quote was "Even in the 17th century they would have had no value in London." Can you believe that? Copper in any form in London was worth the value of copper, just like in Java or elsewhere in the world. They are also quoted with "How they got to London remains a mystery.", but then followed up with "One possibility is that a merchant dropped them overboard from an East Indiaman (ship) moored in the Thames when he found they were worthless." Was copper worthless in 17th century England? I doubt it, so it was absolutely a mishap that the bag was dropped. But the last sentence in the article finally grabs a little piece of reality with "Another is that they were being imported as curios for one of the many collectors keen to acquire interesting objects from the farthest corners of the earth." I am assuming they are quoting the British Museum, but from what was in the article, they must have been talking to a janitor because I do not know anyone there who would say such balderdash!" [I'd like to thank Howard for the opportunity to publish the word "balderdash" in The E-Sylum. (It doesn't take much to amuse an editor. -Editor] THE IMPORTANCE OF RELIEF ON COINS AND MEDALS Dick Johnson writes: "Joe Boling's comments in last week's E-Sylum for the most part were right on target. Relief on our coins and medals is so important. Name one element that is evident at every step of a coin or medal's creation and life ? its relief! This is of great concern for the designer, of course, relief is what the modeler creates, this is what forms the pattern from which the die is made. Relief determines the height of the rim for a circulating coin, it dictates a large part of how thick the blank must be, what pressure to set the coining press ? or the number of blows for an art medal. Relief is most evident on the struck piece, it is what the public sees and the numismatist studies. The amount of wear on relief determines condition, of interest to the collector. Joe Boling called relief the 'third dimension.' This is almost right. Three dimensions is the equivalent of sculpture in-the- round (and antique dealers use the atrocious term '3D'). Because it is attached to its background the relief on coins and medal is correctly called 'bas-relief' -- the 's' is silent, pronounced baa-relief. (Joe: sculptors humorously, but more accurately, call this two-and-a-half dimensions!) Discussions with coin and medal artists talking about the concept of the rise and fall of relief ' the design ' needed a better term to express this. Years ago I came up with MODULATED RELIEF. Everyone understands it exactly. The rise and fall of the sculptural design. This is even true when it is incuse, like on the Pratt U.S. quarter-eagle and half-eagle coins of 1908. It is still true when this is in a sunken panel 'raised relief below the background' which is termed 'coelanaglyphic relief,' but which is better known as Egyptian Hollow Relief because it was so widely used by early Egyptian stone carvers. For the relief on a coin or medal ? be my guest! -- call it Modulated Relief. What Joe is asking for is a higher or more modulated relief on coins made at the U.S. Mints." [coelanaglyphic - now that's a 50-cent word! I'll have to work that into conversation this week. Hmmm. -Editor] PRESIDENT PIERCE'S ORMSBY FOR SALE David Gladfelter wrote: "The deluxe Franklin Pierce copy of Ormsby is in the Heritage/Currency Auctions of America FUN sale next month. It has a realistic $15K-up estimate. There is also a nice run of Heath detectors. These are all listed in the back of the catalog under "miscellaneous". Go to http://www.heritagecoin.com [See lot 16959. I've taken the liberty of publishing the lot description below. If memory serves, this copy was discovered in New England by Bob Wester. Can anyone confirm that? Where has it been in the meantime? The book's pedigree is alluded to in the catalog description, but not published. The description begins with the text of a letter which accompanies the book. -Editor] New York Jan 31 1853 Dear Sir: Allow me to present you with a copy of my late work on Bank Note Engraving which will explain the cause of the vast amount of counterfeiting in this country. This is the first publication on this subject, and it is daily growing more and more important to every person in the community. I beg permission to call on you, at some future time, when my plans for constructing bank notes to prevent forgery are mature, that I may have an opportunity of convincing you of the utter insecurity of our present paper money, and the necessity of Legislative action on the subject. At present I will only ask your attention to the important requisites of a Bank Note which constitute its value - there are but two - first that the Bank be good - second that the note be genuine. The people loose (sic) more by counterfeiting money than by broken banks. It is therefore of as much importance to the poor people to have the note genuine as it is to have the Bank good. It is my object and aim to instruct the people in the art of Bank Note Engraving to the end that our General Banking Laws may be amended, so that they should define no less particularly the manner in which a note must be engraved than the manner in which the bank must be organized. Many of the counterfeit bills in circulation are absolutely the work of the original engravers. Counterfeiters obtained their work in spite of their utmost efforts to prevent it. This is all owing to the patch work system of constructing the note and the use of dies in the engraving of plates. My plan is to have a Bank Note one design or picture, with all the lettering interwoven in it. The whole to be engraved on the plate by the hand of the artist with out the use of dies. A counterfeiter then would be obliged to do the work himself in stead of employing others who do not know for what purpose their work is to be used. On turning to page 52 you will learn how a counterfeit plate of a five hundred dollar Treasury note was engraved for a counterfeiter by the very engraver who executed the original plates! Such things have frequently occurred - the matter is seriously alarming to every business man. Any encouragement which I may receive from you will be gracefully received by Your most obedient humble Sevt, W. L. Ormsby The book itself is inscribed on the blank flyleaf, "Presented to Gen. Frank. Pierce by his humble Sevt. The author W.L. Ormsby." Elaborately gold leafed on both front and back covers, the 100+ page master work measures thirteen-and-a-half inches by ten-and-a-half inches and contains a large number of beautifully detailed, superbly engraved plates, including a tri-color red, blue and brown frontispiece. The book is in flawless, as-issued condition, fully tight in its binding with only a few, very minor scuffs at the edges of the cover. Included with the book are some items of correspondence between previous owners, one of which discusses a possible $16,000 valuation in 1991 and another which presents a history of the ownership of the book since 1853. We auctioned this book in May of 1998 and at that time it realized just over $9,000. This book would be the crowing glory in any numismatic library or the ultimate association item in a collection of Obsolete Bank Notes. Est.15,000-up. BIDDLE, THE BANK, AND W. L. ORMSBY Coincidentally, Dave Bowers mentioned Ormsby in a note on a completely different subject. He writes: "I enjoyed the info on the BANK OF THE UNITED STATES. For a long time I have been gathering data on the Second Bank of the U.S. (1816-1836), including federal documents, contemporary financial accounts, etc. The popularly published histories of this bank are fascinating--as few people have ever delved into the SOURCE material. Also, Nicholas Biddle, who engaged in fraud after the Bank of the United States lost its federal charter and was then chartered by Pennsylvania, is hardly ever noticed in this connection--almost an untouchable subject (the record is clear--he engaged in illegal practices, many of his associates lost large amounts of money, etc., and if his name had been John Doe he would have been disgraced). The main cause of the Panic of 1837 was rampant inflation, not the failure of the Second Bank of the U.S. to be rechartered. In the west (then Indiana, Illinois, etc.) there were great land speculations. Jackson's "Specie Circular" put an end to buying land by "paying" for it with essentially worthless paper. If anyone doubts that popular histories often do not mesh with facts gained in numismatic and financial research, just pick up a copy of Schlesinger's prize-winning The Age of Jackson book, and read all about Hard Times tokens, bank scrip, etc. (hint: there is hardly anything mentioned). The Second Bank of the U.S. opened "subscriptions" in 1816 at its various branches, including Portsmouth, NH. If any E-Sylum subscribers have any printed currency or memorabilia specifically relating to the Portsmouth Branch I would be delighted to receive it to add to what David Sundman and I have (we've been gathering New Hampshire bank history, and if I were to print out the stuff on the Bank of the U.S., Portsmouth Branch, probably 50 pages would be used -- but, still, there are many unanswered questions and puzzles). Concerning the Second Bank of the U.S. (all over, not just Portsmouth), it is not often realized that most everyday citizens in the hinterlands -- did not like the bank. The reason was that other banks were state-chartered, were in general loosely regulated, could issue lots of currency with the hope that some of it would become lost or never redeemed, etc. There were state-chartered banks everywhere, and within any given state they had huge political clout--as they provided loans for the sinews of trade and commerce. The Bank of the U.S. was viewed as Enemy No. 1, and all across America the various local and regional bankers had no difficulty enlisting political solons to join them in this opinion. The Second Bank of the U.S. in Philadelphia was a spectacular example of the Greek Revival style (as was the 2nd Philadelphia Mint) and was widely reproduced on engravings---easily enough found today. Later, it was used for other purposes. While I am at it, a particular interest of mine is the history of bank-note engraving and engravers, mostly pre the Bureau of Engraving and Printing era. This field is very rich for research, and somewhat resembles that of early American silversmiths and pewterers (another interest) in that most publications simply copy other publications, there are vast errors in dating, spelling, etc. As a sample, as part of a biographical study of Waterman Lily Ormsby, I once checked all of the "standard" sources including numismatic publications, the Essay-Proof Journal (articles by Julian Blanchard), Groce & Wallace, Hamilton, Fielding, and others on engraving, and just about all say the same thing. And, all misspell his middle name as LILLY (probably thinking of Eli Lilly pharmaceuticals!). Again, I probably have 50 to 100 pages on Waterman, but, ironically, almost all gathered item by item, with no big help from numismatic sources (except from none other than Eric P. Newman, who loaned me an item I had never seen). Someday I may issue a Dictionary of Early American Bank Note Engravers and Printers, simply because this is a book I would enjoy owning now, and nothing like it even remotely exists. The main problem with printed sources is that, in actuality, a bank note partnership that expired years earlier may have an imprint of, say, 1855, on a piece of currency -- the result of an early plate being dusted off, and a later date entered on it. Accordingly, I have found my best sources are contemporary documents and newspaper records, and, a distant second, early town and city directories. However, newspapers are hard to find and tedious to read. Wayne, keep up the good work." VOIGHT ACCOUNT BOOK WHEREABOUTS SOUGHT Joel Orosz writes: "According to Frank H. Stewart, in his "History of the First United States Mint", "It is most unfortunate that [Henry] Voigt's first account book cannot now be found. Forty years ago [1884] it was in existence and brief quotations from it were made by Evans and others. Book Number 2 has been located, and on October 13, 1792 we find that George Breining was paid $1.50 on account of cutting a screw..." (p. 75) It appears that book Number 1 would have covered the period from June 1, 1792, when Voigt was hired, at least through the summer of 1792. Book Number 1 is not in the Mint collection at the National Archives branch in Philadelphia. Taxay does not specifically cite it in his U.S. Mint and Coinage (1966). Have any of you ever heard of Voigt's first account book surfacing? If you have, would you have any idea of where it might be, and whom I might contact about examining it? Many thanks, and happy holidays to all. " HOW THE ANTHONY DOLLAR GOT P'D ON Tom DeLorey writes: "I remember the day in the Fall of 1978 when I was still working for Coin World, when Margo Russell came into the Editorial Department with the official Mint rendering of the new Susan B. Atrocity dollar. I was less than impressed, but being rather technically minded I asked her where the mint mark was going to be placed, there being none shown in the rendering. Margo, ever prone to direct action, immediately called the Mint Director to ask her where the mint mark would be, only to find out that the Directrix had no idea herself. She said she would check, and called back within the hour to tell Margo that the mint mark would be behind the shoulder, and that the Philadelphia Mint would be using a P mint mark on them! I found it amusing that the Mint Director had not been consulted on either the mint mark placement or the use of the P mint mark before our call, and have often wondered if my innocent remark caused the Director to stick her nose into an area where the Mint's actual management did not want her direction, and if it was perhaps her "helpful" idea to begin using a P mint mark on regular issue coins. We shall never know." MEDALS DIES OF A PUBLIC CHARACTER While looking for other things in my ephemera collection I unearthed an October 1862 U.S. mint pricelist titled "List of Medal Dies of a Public Character." It lists size and price for 70 bronze medals in seven subject categories. (from the 19th Money Tree sale Lot 252 (March, 1994)). I remembered Dick Johnson's recent query for information about the sale of medals, so I wrote to him asking if he'd like a copy, he replied: "Would I? Yes! This sounds like the first use of the word "List" in relation to the medals for sale at the Philadelphia Mint. Isn't it interesting they call this "Dies" instead of just "Medals." Does this not imply they had the dies on hand and would strike for anyone who wanted such a specimen? It is not only beneficial to know what you have but also the significance of the item and its importance. This sounds like it is important in the numismatic scheme of things. Your discovery is astounding." So off went a photocopy to Dick. In addition to the 70 bronze medals, The pricelist offers seven silver medals, and four in gold. In addition to the medals, proof coins were offered as well: "Set of silver and cent proof coins of the year 1862, $3.00" A set of gold proof coins was $43. Payment for gold coins was to be made in gold coin; payment for silver, in gold or silver coin. EARLY JOSH TATUM REFERENCES SOUGHT Bob Leonard writes: "I wonder whether any E-Sylum readers have encountered the story of Josh Tatum and the gilded nickels of 1883 BEFORE 1968, when Lynn Glaser published it in Counterfeiting in America (pp. 224-6). I haven't, but I haven't made an exhaustive search. Eric von Klinger, in his fine article in Coin World, December 22, was unable to substantiate it. MORE NUMISMATIC MOVIE BLOOPERS Tom DeLorey writes: "In the movie "Run Silent, Run Deep," set in WW2, a submariner pays for a bar bill back in Pearl Harbor with a $1 Silver Certificate laid face down on the bar so that "IN GOD WE TRUST" plainly shows. Though some Series 1935 bills bear this motto, they were not issued until the mid-1950s. In the George C. Scott version of Dickens' "A Christmas Carol" (not sure of the name of the movie), young Ebenezer Scrooge's fiancee tosses a King George V gold sovereign onto a balance scale, though George III might have been more appropriate." Philip Mernick writes: "You asked in the latest E-Sylum if readers had more examples of wrong coins in movies. There was a good (that is bad!) example on BBC TV just a few weeks ago. It happened in the final episode of a very detailed (and apparently well researched) series on the life and loves of King Charles II titled "Charles II The Power and the Passion". Some one was handed a tray of coins that were clearly 20th century rather than 17th. In just the few seconds that the coins were in shot it was possible to distinguish a George VI coin and a French Fifth Republic coin. No doubt a frame by frame examination of a videotape would have shown more but I watched it "live". The BBC web site encourages feedback on their programs and they received many comments about this. This quote is part of their reaction to these comments: "Unfortunately that was a production error and a few people have commented on it! We will say that we are pleased the audience follows the programme s closely.....!" They seemed surprised that anyone would have spotted something so fleeting. Little do they know how observant we collectors can be! I am sure the series will be shown on TV in the USA. Will they change the scene? - probably not - so look out for the wrong coins!" Joe Boling writes: "The Hindenberg (about the crash of the Zeppelin), in which a shot of the pursar going through some of the money on board shows modern Japanese Y1000 notes. The Time of Your Life, the William Saroyan play on film. Set in the 1930s, a 1953 or later $2 bill (small red seal) and a 1963 or later $1 FRN are visible taped to the mirror behind the bar. It should not have been so hard for the props departments to get this right." GOOGLE BOOK SEARCH "Google has started letting people search text within books, following similar strides from retail behemoth Amazon.com. The service, called Google Print Beta, lets Web surfers call up brief excerpts from books, critic reviews, bibliographic and author's notes and, in some cases, a picture of the book jacket." "The search feature works with approximately 120,000 titles from 190 publishers, which translates into some 33 million pages of searchable text." To read the full article, see: http://news.com.com/2100-1038-5128515.html IRON AGE HOARD FOUND Arthur Shippee sent a link to an article about a newly found hoard: "Peter and Christine Johnson, from Sittingbourne, sparked a massive dig when they discovered some coins on farmland near Maidstone using a metal detector. The couple contacted Kent County Council and as a result more than 360 coins and coin fragments, dating from the first century BC, were dug up." "The hoard could be worth thousands of pounds, according to the council, which is keeping the coins in its safekeeping until they are sent to the British Museum for analysis." To read the full article, see: http://news.bbc.co.uk/2/hi/uk_news/england/kent/3315899.stm WORLD'S LARGEST BOOK Len Augsberger writes: "Remarkable. The world's largest book has been produced, and QDB did NOT write it." Len included a link to article about the book: "A 133-pound tome about the Asian country of Bhutan that uses enough paper to cover a football field and a gallon of ink has been declared the world's largest published book. Author Michael Hawley, a scientist at the Massachusetts Institute of Technology, said it's not a book to curl up with at bedtime - "unless you plan to sleep on it.'' Each copy of "Bhutan: A Visual Odyssey Across the Kingdom,'' is 5-by-7 feet, 112 pages and costs about $2,000 to produce. Hawley is charging $10,000 to be donated to a charity he founded, Friendly Planet, which has built schools in Cambodia and Bhutan. Guinness World Records has certified Hawley's work as the biggest published book, according to Stuart Claxton, a Guinness researcher." "Hawley said he's received about two dozen orders for the book, which includes an easel-like stand. Early customers include Brewster Kahle, the inventor of the Internet Archive project, who has known Hawley for years through his computer science work at MIT. Hawley said his research revealed that the biggest book in the Library of Congress was John J. Audubon's 19th century "Birds of America,'' which is 2-by-3 feet. " To read the full article, see: http://www.cnn.com/2003/TECH/ptech/12/16/largest.book.ap/index.html" FEATURED WEB PAGE This week's featured web page is the Roman Numismatic Gallery of Emperor's Wives and Families http://www.romancoins.info/Kaiserinnen.html Wayne Homren Numismatic Bibliomania Society Content presented in The E-Sylum is not necessarily researched or independently fact-checked, and views expressed do not necessarily represent those of the Numismatic Bibliomania Society. The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. For more information please see our web site at http://www.coinbooks.org/ There is a membership application available on the web site. To join, print the application and return it with your check to the address printed on the application. Visit the Membership page. Those wishing to become new E-Sylum subscribers (or wishing to Unsubscribe) can go to the following web page link. |
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