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Welcome to The E-Sylum: Volume 7, Number 13, March 28, 2004: an electronic publication of the Numismatic Bibliomania Society. Copyright (c) 2004, The Numismatic Bibliomania Society. LEROY KACZOR DEAD AT 81 Longtime NBS member Leroy Kaczor of Illinois died March 1 in Urbana, IL, according to an item published in the March 30 issue of Numismatic News (p4). Kaczor also belonged to the American Numismatic Association, American Numismatic Society, Central States Numismatic Society and the Society of Paper Money Collectors. "Collecting specialties ranged from U.S. paper money to world coinage, tokens, and a vast numismatic literature library. He loved his books." FAN MAIL Ray Williams writes: "Great E-Sylum, as usual! I just felt that I should say so every once in a while. I should say it every week." Rick Bagg writes: "I thoroughly enjoy receiving The E-sylum! I congratulate you on your fine efforts at producing an interesting, well written, educational and informative "news journal". For 30 years, I have been telling collectors who have been buying and selling coins through Bowers & Ruddy, Bowers & Merena and now American Numismatic Rarities that the real joy in numismatics is to be had from owning a Bushnell, Parmelee or Stickney catalogue. And, much can be learned about coins from reading the great periodicals from the past such as Frossard's Numisma or Mehl's Numismatic Monthly. There is real pride of ownership in having these wonderful relics from the past on your bookshelf at home that far surpasses owning an MS-67 PQ coin kept at the local bank." FORD READING ROOM DEDICATION Dr. Ute Wartenberg Kagan, Executive Director of The American Numismatic Society, forwarded the following press release regarding the dedication for the John J. Ford Jr. Reading Room of the American Numismatic Society Library: "A reception in honor of the new John J. Ford Jr. Reading Room will be held on Thursday, May 13 at 6:00 pm. John J. Ford Jr. is one of the nation's best-known coin dealers and an expert on all aspects of US numismatics. Ford's career began in the late 1930s when he was just fifteen years old, working for J.B. and Morton Stack. In 1950 he joined Charles Wormser at New Netherlands Coin Co., and with the help of Walter Breen, he built it into the premier auction house of the 1950s. When he left New Netherlands in 1971, Ford flourished as an independent dealer. Ford's interests are wide-ranging and include Colonials, Hard Times tokens, Merchant tokens, Colonial currency and Confederate bonds. Over the past sixty years, he has assembled the most complete collections in several of these areas as well as a superb library. Ford currently lives in Arizona. The dedication will take place at our new building at 140 William St. (at Fulton). Parking is available at William St./ Beekman St. (two blocks north of Fulton). By subway, take the 2, 3, 4, 5, A, C to the Broadway-Nassau St./Fulton stop. RSVP by May 7, 2004 Please contact Juliette Pelletier at (212) 234-3130 ext.230 or pelletier at numismatics.org" SPINK FIXED PRICE LIST Hadrien Rambach of Spink writes: "As in every issue of the Numismatic Circular, the oldest fixed-price list in the numismatic world, founded in 1892, and now published every two months, the April issue of Spink's Circular will offer many rare and out-of-print numismatic books. There are almost 250 items in this interesting issue, on many different aspects of the subject from Ancient Greek coins (with for example 3 scarce titles by T.S. Bayer, 1734-1738), the Royal Mint (the important work by G.F. Ansell, 1870), also books on Cufic coins (the two volume catalogue of the Borgia collection, 1782-1795), and other Islamic coins (including an extremely rare 1794 publication of O.G. Tychsen), - The section including books on Islamic coinages is larger than usual. As always there are a few books with interesting provenances (the Farouk catalogue with a letter from Douglas Liddell, a 1st edition of Historia Numorum with letters from E.S.G. Robinson, C. Seltman and G.F. Hill, etc.). However the ¾ morocco-bound copy of E. Babelon's almost complete Traité des monnaies grecques et romaines (1901- 1933), and a nice copy of Adam Berg's New Munzbuech (1604, the most attractive 'coin-book' of the 16th and 17th centuries) undoubtedly are the most notable. A large selection of coins is, as usual, also included." QUIZ ANSWER: VICTORIA'S SECRET MODEL The numismatically-connected Victoria's Secret model? Gar Travis was the first to report the answer. The model is Jill Goodacre, daughter of Sacajewea dollar designer Glenna Goodacre, the sculptor who also created the Vietnam Women's Memorial statue for the Vietnam Veteran's Memorial in Washington, D.C. Her husband is entertainer Harry Connick, Jr. Jeff Starck writes: "Goodacre, of the Sacagawea dollar fame, and Harry Connick, Jr. What they talk about on Thanksgiving? Probably football, or the Christmas sales the next day!" When I asked how he knew the answer, he replied: "Oddly enough, Paul Gilkes (my co-worker) and I were discussing it last week. That's right, I work at Coin World, which may very well disqualify me!" [Well, you're not disqualified. Over 640 subscribers, and only three had the answer. Chris Fuccione was the third, and he included several links to Jill's photos. We don't get many opportunities for cheescake in numismatic publications, so here goes. -Editor] Jill's photo Jill's photo [By the way, Jeff Starck's article on the backyard Roman coin hoard found in the U.K. recently appears on the front page of Coin World's April 5 issue. Some more information on Jill Goodacre follows. -Editor] "Goodacre was the first model to become a celebrity simply by appearing in the Victoria's Secret catalog. Her auburn-haired good looks made her a favorite with readers in the early 1990s. That led to appearances on the David Letterman show and elsewhere, including a 1994 guest spot on the sitcom Friends in which she was trapped with Chandler (Matthew Perry) in an ATM vestibule. She married the singer and actor Harry Connick, Jr. in 1994. http://www.who2.com/jillgoodacre.html Ron Haller-Williams didn't have the quiz answer, but offered this: "Regarding the gentleman caught passing counterfeit bills at Victoria's Secret, I note from the referenced page that "He is being held on $7,500 cash bail ..." Am I alone in hoping that, if this sum is paid, the authorities will check the bills VERY carefully? My offering for the third question, "And just what do they all talk about around the Thanksgiving table, anyway?" - is that of course they'll be "talking turkey". I guess I'd better reach for my asbestos suit ..." HANOVER QUIZ QUESTION Ron Haller-Williams adds: "Meanwhile, the location of the Victoria's Secret incident leads to this on-topic question: Why was Hanover very much in the news almost 290 years ago?" TRACKING THE DU PONT COINS Last Sunday, March 21, The Miami Herald published a story about the lawyer for the du Pont family working to track down the coins stolen in the famous 1967 robbery. It's lengthy, and I'll only print a few excerpts here, but it's a very interesting article that I encourage our subscribers to read. "For 36 years, Harold Gray has been on an extraordinary mission -- to recover what may be the most famous stolen coin collection in the United States. The hunt has taken him from England to Uruguay to Switzerland, through the doors of countless coin shops and at times deep into a shadowy underworld populated by thieves and swindlers. The Palm Beach lawyer and former insurance investigator has followed every clue, every thread, every whiff of possibility that might lead to one of the purloined coins. Since October 1967, when five hooded gunmen invaded the Coconut Grove estate of chemical empire heir Willis Harrington duPont, binding the family with silk neckties and stealing the valuable coin collection from duPont's safe, Gray has been on the case. ''We remain,'' he says today, "in hot pursuit.'' [I assume this is lawyer-speak for "the client hasn't run out of money yet." They may still be in hot pursuit of the coins, but after 36 years it's pretty safe to say the thieves got away with their caper. No one has ever been prosecuted for the original theft. The story goes on to describe the recent return of the 1866 ''no motto'' silver dollar, and the Linderman 1804 silver dollar that someone walked into the offices of the American Numismatic Association in 1982. The article describes the robbery and some earlier coin recoveries as well. -Editor] "A Herald story at the time showed an aerial photo of the estate at 3500 St. Gaudens Rd., dubbing it the scene of the ''great coin robbery.'' The story said gunmen burst into the duPonts' bedroom shortly after midnight, tying up the couple, their 4-year-old son, the maid and the butler while their other son slept through the ordeal. The robbers were described as courteous one minute, dangerous the next -- fetching a bathrobe for the maid when she became cold but threatening to put a bullet in the head of duPont's wife, Miren, when she momentarily forgot the combination to the safe. The men escaped in the duPonts' red Cadillac convertible with coins and jewelry worth a total of $1.5 million at the time. Between 7,000 and 8,000 coins were reported stolen, many collected by duPont's father, including 257 rubles and ducats from the Prince Mikhailovitch collection of Russia, according to the FBI. The Mikhailovitch collection had been slated for the Smithsonian." "For Gray, who has worked with Willis duPont for 42 years, the hunt is partly about righting a wrong, partly about the mental challenge. He is a wily character on his own, made even more formidable by the vast duPont resources." "The very first coins recovered -- in 1968, just four months after the robbery -- were ransomed back by the duPonts for $50,000. Private investigator Edward Stanton and his wife, Barbara, who stuffed her purse with the cash, made the trade in Philadelphia. Recovered: 13 pioneer gold coins, minted mostly by mining companies during the 1849 gold rush. Later that year, a 1787 gold doubloon was recovered at the Towne Motel on Brickell Avenue when a 29-year-old ex-convict named William Metzler tried to sell the coin to undercover FBI agents. Metzler received a five-year sentence. He said he stole the coin from one of the original robbers. More coins popped up. In 1969, a ''Stickney'' 1804 silver dollar was recovered. A portion of the Mikhailovitch collection turned up. In 1993, Gray heard about two duPont coins offered for sale by an unnamed Israeli collector -- an 1804 ''draped bust'' dollar, one of only 15 known, and a unique 1850 $5 gold piece. Gray flew to Zurich, where the Swiss police and other law enforcement agents arranged a fake buy. When the operation was aborted, the couriers tried to fly out of the country. Swiss police nabbed them at the airport. The couriers were arrested, then released. The coins went back to duPont." To read the full story, see: Full Story WASHINGTON INAUGURAL BUTTON FOUND IN DIG A 1789 George Washington inaugural button and other artifacts were recently unearthed in Maryland. "Archeologists at the site of the Blue Ball road project off U.S. 202 have found memorabilia related to George Washington and Abraham Lincoln. The Delaware Department of Transportation said Wednesday the dig at the old Weldin farmhouse off Foulk Road turned up a brass button that commemorated the 1789 inauguration of George Washington as the nation's first president." "The button, about an inch and a half in diameter, has the initials of the original 13 Colonies and the words "Long Live the President" in a circle around the initials "GW." "Barbara Shaffer, lead archeologist, said the button likely was sewn to a coat and probably fell off and dropped between the kitchen floorboards, where it remained until her team found it on March 3. Researchers believe tenant farmers were living in the house in the late 1700s. Shaffer said there are only about 50 other buttons like it. The buttons were handed out to delegates at the inauguration and were also available for purchase by people who attended, said Richard White, field director for the project." Complete Story COUNTERFEITING CIRCULATING COINS In response to my question about recent instances of the counterfeiting of circulating coins, Ray Flanigan writes: "Yes, people do counterfeit coins - even minor coins. The most famous example was Francis Henning of Erial, NJ, just outside Camden, who was caught in 1954 counterfeiting hundreds of thousands of 1944 nickels without the P mintmark (that reverse die had apparently broken). Henning has been written up in Collector's Clearinghouse and even Rare Coin Review (No. 72 page 60). Today his nickels sell for upwards of $20 - $30 each. Henning was convicted of counterfeiting in Cleveland, Ohio in 1955 sentenced to 3 years in jail and fined $5,000. He had bought his metal from the same source as the mint paying approximately 3 1/2 cents per blank. Add the cost of the press, the cost of engraving and labor to produce each coin and you can quickly see why there are not a lot of minor coin counterfeiters, but it has been done." [But aren't Henning counterfeits technically illegal to own? -Editor] Bob Leonard writes: "You need to add Dwight H. Stuckey's booklet, The Counterfeit 1944 Jefferson Nickel (Published by the author, 1982), to your library. Stuckey's well-researched monograph tells the story of Francis Leroy Henning, who pled guilty to counterfeiting nickels, of all things, on December 29, 1955, and was sentenced to three years in prison for this on January 20, 1956 (he received an additional three years for counterfeiting $5 bills). I'm not sure whether he was the last person convicted for counterfeiting circulating coins, but he is certainly the most famous. Henning made the notorious 1944 no-mintmark nickel, plus five other obverses including 1939, 1946, 1947, and 1953 (the last date remains to be discovered). He claimed to have cut the dies directly from coins (yes, by reversing positive and negative, to make an incuse die directly from a struck coin) using a machine he invented himself, but Jorgen Somod (a subscriber to this list, I believe) told me that he believed that the dies were simply cast, and that Henning's story was an attempt to obtain a reduced sentence. Henning's nickels were struck from Monel metal, 79.1% copper, 20.5% nickel, 0.4% iron. Leftover blanks seized from him were actually coined into legal nickels at the Philadelphia Mint in 1956, after adding the required amount of nickel. Henning's blunder in omitting the mintmark was detected by coin collector Harmon K. Rodgers and others, but it took some doing to convince the Mint and Secret Service at first." [I was aware of the Henning story, but not the book, so I took Bob's advice and ordered a copy after finding one for sale online. -Editor] Joe Boling adds: "There was a case within the past four years of large-scale counterfeiting of quarters in or near New Jersey. I remember articles reporting the case in the numismatic press." [The quarter case Joe Boling mentions is the most recent coin counterfeiting case I've heard of in the U.S. Can anyone supply most details? -Editor] WHO WAS DUVAL? Dick Johnson writes: "Thanks to Chris Eimer for the link to the Duval-Janvier octagonal medal in last week's E-Sylum. I have the smallest variety of this medal in my collection and always wondered who Duval was. In writing on Victor Janvier and his contribution to minting equipment technology I mention the Duval-Janvier firm without identifying Duval's contribution. I had surmised (never do this in writing, inevitably you are wrong!) that Duval was the money partner for Janvier's metalworking enterprise. After all, his name came first. Could he have been Janvier's backer? Two years ago, IBM sent one of their vice presidents for an extended stay to Paris. His wife, who is a member of my genealogical club, accompanied him. "Nancy," I said, "would you check out a name while you are in Paris?" She agreed and I gave her the details. This was not a burdensome chore, I thought. We frequently do this for each other in our club. In America this is a two-minute search in a business directory or a city directory. She searched THREE Paris libraries and came back empty handed! Duval is not mentioned with Janvier other than the 1892 period when their business commenced and the Duval-Janvier medal was issued. The firm's name was Janvier's alone in the early 20th century until he died in 1911. Later the firm was Berchot-Janvier, and still later Le Medaillier (at 64 Rue du Faubourg Saint-Denis, Paris). Medallic Art Company, for whom I worked for a decade, was the American distributor for Janvier's machines. (We even sold Janvier machines to competitors, like the Franklin Mint, until they bought the Janvier firm!) There was not much in the Janvier file at Medallic Art. The Paris firm's sales literature never mentioned Duval. I believe he had little to do with the actual development of the world's foremost die-engraving pantograph. But I remained curious. Could one of our E-Sylum readers (particularly in France) learn who Duval was? I would still like to know his full name and what was his relationship with Victor Janvier? Ahh! Numismatic research never ends!" FRACTIONAL GAS PRICING IRKS MOTORIST A reader's letter published in the Pittsburgh Post-Gazette on Friday, March 26, 2004 addressed the topic of gasoline pricing in the U.S., and the answer touched on coins (or lack thereof), politics, taxes, and tradition: "Q: I was wondering if you could address the issue of gasoline pricing. No other businesses that I know about charge by the tenth of a penny. Doesn't it seem deceitful to charge an amount for a gallon of gas that is impossible to pay? I can buy a gallon of milk or ice cream, but not gas! It just rubs me the wrong way. Can you look into this practice? -Paula Hrabos, North Fayette" A: Wow, Paula. They say it's the little things in life that matter most, but I don't think the person who coined that phrase had anything quite this little in mind. Still, your disdain for the way gasoline is priced was shared by at least one prominent person -- the late Sen. Joe Coleman from Iowa. He thought the practice was deceptive, too. So in 1985, he pushed through legislation that barred stations in Iowa from pricing gas in fractional cents. That meant that gas selling for $1.199 a gallon -- the approximate price at the time -- had to be rounded up to $1.20, or rounded down to $1.19. Violators were threatened with a $100 fine and a month in jail. "We don't have a one-tenth of a coin," Coleman explained at the time. "It just bugged me for years." Four years later, however, the law was repealed -- some say deceptively because the amendment was never discussed in the Iowa Senate -- and the sneaky little nine sneaked back in." "Still, as Paula pointed out, an argument can be made that fractional-cent pricing is false advertising. There's no way to pay or get change for a fraction of a penny, so customers can't buy exactly one gallon of gas at the advertised price." "For its part, the gasoline industry seemed stumped. "That's an interesting point that I don't have an answer to," Dan Gilligan, executive director of the Petroleum Marketers Association of America, said of the false advertising charge. Fractional pricing "has never been an issue that's garnered much attention," he said. He said the most credible theory he's heard explaining why gas stations started using fractional cents is because it reflects the way federal and many state gasoline taxes are levied. Currently, for example, the federal gas tax is 18.4 cents a gallon. (When the tax was first imposed in 1932, it started out as a flat 1 cent per gallon and rose to 1.5 cents a year later)." "But don't count on any changes in the way gas is priced any time soon, Gilligan said. The idea has never even come up at any of the many industry meetings he's attended. "Maybe your story will generate some debate," he said. In case that doesn't work, Paula, I have an idea. According to the fine print, manufacturers' coupons typically have a cash value of 1/100th of a penny. Maybe someone could collect 90 of them and try using them as exact change for a gallon of gas." To read the full story, see: Full Story SAN FRANCISCO MINT OPENED FOR DIGNITARIES A March 24, 2004 article in the San Francisco Chronicle reported on a recent visit by dignitaries to the "new" San Francisco Mint, which is closed to run-of-the-mill tourists like us. "An international group of money experts and a handful of news media folks got a rare look Tuesday inside the U.S. Mint, where the product is what dreams are made of -- money that sells for more than its face value. The San Francisco mint on Hermann Street produces proof sets -- coins so perfect nobody ever spends them, works of art, "like paintings, high quality treasures,'' said U.S. Mint Director Henrietta Holsman Fore. They are produced in a building that looks like a fort, where security is so tight that ordinary citizens have been admitted only twice in the last 32 years. The San Francisco mint is a $100 million-a-year business, and it makes money making money. The visitors Tuesday were delegates to the XXIII Mint Directors conference, which has been meeting in San Francisco. Delegates from 46 national mints and other bodies interested in coins and their manufacture elected Fore as their next president." "The mint building -- called the New Mint to distinguish it from the shuttered Old Mint at Fifth and Mission streets -- is located atop a bare, windswept hill just off Market Street near Duboce Avenue. The U.S. Mint is celebrating its 150th anniversary in San Francisco. It is the second-oldest manufacturing operation in the city; only the Boudin Bakery, which has been producing sourdough bread since 1849, is older." "Director Fore and San Francisco mint manager Larry Eckerman conducted a tour, past a whole series of mysterious devices that turn blanks into mint- condition coins. The blanks, the tour guides explained, were annealed, upset and burnished, then dried with a material that includes ground corn cobs. After that, they are pressed; there are 18 coin presses, and each proof coin is struck twice with 100 metric tons of force. The coins are then packaged by robots and put in cartons." To the layperson, which meant nearly all of the media people, the process seemed purposeful but baffling. The experts, mint directors and others, seemed impressed. "The quality is excellent,'' said Barry Richardson, sales manager for Group Rhodes, an English coin dealer." "One of the employees, Garfield Kinross, explained how the robots did the packaging. He was dressed in two-tone shoes, a bow tie, colored suspenders and a golf cap. He looked like a million dollars. [To view Garfield's get-up and read the full story, see: Full Atory 1850'S VIEW OF THE MINT Contemporary press accounts of mint operations are key historical records, often sources of information available no where else to later researchers. Recently, I purchased a copy of an 1850s issue of Gleason's Pictorical Drawing Room Companion containing a one-page article about the second United States Mint in Philadelphia, accompanied by six engravings by Devereaux: Exterior View Adjusting Room Main Steam Engine Coin Press Pressing and Milling Room General Pressing and Cutting Room "We have more than ordinary satisfaction in presenting so fine a series of engravings as those we give of the U.S. Mint in the present number. They are critically correct, and our readers may rely upon their truthfulness, as our artist, Mr. Devereaux, passed no inconsiderable period of time in making the necessary drawings for the series, within the walls of the Mint, assisted by the gentlemanly and urbane director and officers of that institution." "The rapidity with which the pieces are executed is surprising -- being at the rate of from seventy-five to two hundred per minute." The mint was turning out some three million coins per month at that point. Today that many are produced in a day. What would the mint employees of that day make of the "robots" manning today's mint facilities? JARA'S THE CHILOE PESO PUBLISHED Alan Luedeking writes: "I'm pleased to announce the release of another of Carlos Jara's works on Chilean numismatics, "The Chiloé Peso - An Important Obsidional Coin of Chile". This work is the definitive study on what is in all probability the very last crown ever issued under official Spanish authority (in 1826) in the New World. It is a very rare cast coin whose history has always been shrouded in mystery, and of which numerous dangerous forgeries have been concocted for ] collectors since the time of its circulation (note that all public offerings of these coins, some by very prestigious numismatists dealing in Latin American coinage, have been modern forgeries.) This book unveils for the first time the full historical background of this enigmatic coin, based entirely on contemporary and other historical documentation, which Carlos studied in depth, often being the first to break the seals on the dusty packets since the time the Chilean government first archived them in the 19th Century. A detailed cataloguing of the forgeries, both contemporary and modern, and how to distinguish them, with numerous illustrations and a detailed history of the coin's appearances at auction, are woven into the presentation of its historical context. The Spanish Commander Antonio Quintanilla was the last royal (and loyal) governor to hold out against republican forces anywhere in South America, and defended his island almost to the last man. Severe coin shortages forced him to finally issue cast coins with silver captured by privateers he had commissioned with letters of marque to prey up and down the coast. He was already then concerned with the potential ease of counterfeiting, and so devised a unique way of identifying his original obsidional issue, built into the manufacturing process. It should be noted that I had some involvement with the creation of this work, and Carlos has honored me with a co-authorship of it, though I hasten to emphasize that all the merit of the research and its conclusions belong to Carlos. Being so specialized, he has produced this work in a very limited edition of only 40 hand- numbered copies, hardbound in black linen with a pictorial dustjacket, quarto in size. He has so far only presold a dozen or so, I believe, at $47 apiece, postpaid to the United States. Interested readers may apply for their copy directly to Carlos Jara at clejara at yahoo.com. For those who would rather borrow it, I will be donating a copy each to the Numismatics International and American Numismatic Societies libraries." OED DEFINITION OF NUMISMATOLOGY Bill Murray writes: "The term numismatology has had some recent mention in The E-Sylum, and I thought the following taken from the Oxford English Dictionary might be of interest. "Numismatology ... The science of numismatics ... 1815 Southey in Q. Rev. XXII, 519, 'At a very early age Barre had found a taste for numismatology' ... 1839 Gent''l Mag, Sep, 316, 'The General turned his attention to numismatology' ... 1856 Smith, Roman Fam. Coins, 276, 'The numismatology of Europe has been so bitterly degraded.' " Presumably all you erudite perusers of The E-Sylum will be familiar with the quoted sources and in all likelihood have them on shelves within reach." TV MONEY NOW LEGAL Joe Boling writes: "I can't give you citations, but I believe it was formerly (say up until the '60s) illegal to photograph US money in movies; thus the plethora of stage notes, many based on Mexican models. This may be the origin of your correspondent's comment about money on TV. " Michael Schmidt writes: "It used to be mandatory for film and TV because the law forbid the color reproduction of the currency in any form whatsoever. It didn't matter what the form or size of the reproductions was. That was true even for the electronic images only seen on the TV screen. Since then the laws have been changed and it is no longer mandatory." Martin Gengerke of R.M. Smythe & Co. writes: "For the record, I wrote the law regarding the photographic/ print/media reproductions on U.S. Currency! Some years ago you may remember that Congress directed the Treasury to rewrite the law regarding the photography (etc.) of U.S. Currency. The Treasury (with the help of the Secret Service) came up with a proposed law and published it in the numismatic (and other) press asking for comments from the public. Their proposal was so restrictive it was useless, so I put together a 14-pound package with lots of suggestions plus a completely rewritten law. As I remember, the Treasury got comments from only a small handful of people. To cut to the chase - when the law was finally submitted to Congress it was exactly the way I wrote it, with about a half dozen words changed. They never gave me credit for it, and I don't even know if they will verify this. In any event, the restrictions are as follows: Black and white photographs and color photographs are legal if they are less than 75% or more than 150% of actual size. Black and white and color transparencies are legal in any size. There are NO restrictions on the appearance of U.S. Currency in movies, television or stage performances whatsoever. Photos, slides, etc. are supposed to be for numismatic, educational, or advertising purposes, and the negatives/slides are supposed to be destroyed after use (but this is so hazy an area it is not enforced). These rumors from uninformed sources crop up all the time - I've written dozens of letters trying to straighten out misconceptions, including some to lawyers who misinterpret the law! Hope this helps!" PROFILE: JIM HALPERIN On Friday, March 19, 2004, The Dallas Morning News published a profile of E-Sylum subscriber Jim Halperin of Heritage. "How does a 15-year-old end up with a secretary, 30 part-time employees and $100,000 in the bank? For the answer, go to James Halperin, co-chairman of the board of Dallas-based Heritage Galleries & Auctioneers. Thirty-six years ago, as a teenager growing up in Massachusetts, Mr. Halperin had his own mail-order business. A very successful mail-order business. I had ads in magazines like Popular Mechanics and Popular Science," Mr. Halperin says. "They weren't original ideas. I just targeted people trying to make money at home. Eventually, I hit on an idea that worked." Told they could join a sales network for a small fee - between $4 and $10 - people began sending in money. "Jim was the post office's largest customer in our town," says his father, Edward Halperin, 78, now of Atlantis, Fla. "They would have sacks and sacks of mail for him." Jim needed help with the workload, so he hired neighborhood kids to open envelopes and fill orders. A secretary kept things organized and drove Jim around town. He was, after all, still too young for a driver's license. At one point, Jim's bank account contained more than $100,000. Then a postal inspector knocked on the family's door. Jim's ad was misleading. His "sales partners" weren't making any money. But Jim still had all of theirs. A deal was struck. If Jim refunded his customers' money, charges would not be pursued." "Now 51, James Halperin sells stuff. Incredibly collectible stuff. Rare coins, currency, movie posters, comic books, comic book art, illustrations, and entertainment, music and political memorabilia. Heritage Galleries & Auctioneers is the world's largest auctioneer of coins and collectibles. Annual sales at the company are past the $200 million mark. Mr. Halperin deals with some of the world's most famous artists and most serious collectors - such as actor Nicolas Cage, whose comics the company auctioned in 2002." During a coin show in 1968, Mr. Halperin met Mr. Ivy, a Fort Worth native with his own coin company, Steve Ivy Rare Coin Co., in downtown Dallas. "At that point he was 15 or 16 years old," recalls Mr. Ivy. "He was clearly very bright. We just hit it off." When the coin business nose-dived in the early 1980s, both men were in similar situations, trying to survive in a business they both loved. Their friendship turned into a business proposition, and their companies merged. "I told Jim that Dallas was an attractive city for a business," says Mr. Ivy, "and the weather was a lot better than back East. He agreed." Mr. Halperin's University Park home is practically a pop art museum. Walls are covered with original art from some of the world's most famous cartoonists and illustrators. There's work by legendary Mad magazine artists Bill Elder, Don Martin and Jack Davis. There's original art by comic- book masters Robert Crumb and Al Williamson. And original comic-book covers from Spider-Man, Mad, American Splendor and the classic 1950s EC comic Weird Fantasy." "Mr. Halperin doesn't mind being surrounded by his work. A job, he says, is something you should enjoy. It's a lesson he hopes to impart on his children. "It's important to find a vocation where you don't trudge to work every day," he says. "I wake up and go, 'Oh, boy! I can't wait,' and that's how I want them to feel." Full Story BAY AREA COUNTERFEITS FOLLOW-UP Eric Newman writes: "Gene Anderson in the 1/11/04 E-Sylum asked for information about Bay Area Counterfeits. I responded that there was litigation on the subject but could not remember the names involved in order to look it up. Serendipity just stepped in. In the 2nd edition of Official Guide to Coin Grading and Counterfeit Detection by John Dannreuther which I just received, pages 298 and 299 describe the Bay Area Forged 1835 half cent. Then bells began to ring and I recalled my article in the April 1979 The Numismatist entitled "Superb Numismatic Forgeries are upon Us." In that file I found reference to the case of Joe Ferris vs, Thomas L. Reuben dba Western Rare Coins and Stamps filed in the District Court of Douglas County Nebraska with respect to 8 different Colonial and Confederation alleged forged coins. Our extensive file shows that ANACS also participated in the problem. This should help anyone researching the matter at this time. I recognize that many have already identified the US Cents in the Bay Area forgery category as detailed in Anderson's article in the March 2004 Penny-Wise pages 78 & 79, but the above mentioned forgeries seem a little earlier." MCAUSLAND TOKEN INFO WANTED A web site visitor writes: "Greetings; I'm Reg MacAusland, and I'm asking for help. You may have noticed that my surname is a close approximation of McAuslane, in fact the marriage licence of my grandfather was written as McAuslane. I am not, unfortunately, a coin collector but I am now in the process of compiling my family genealogy. That direct genealogy involves the two geographical locations mentioned in the identified 'article', Newfoundland and Prince Edward island; involves both the McAuslane and McAusland spellings contained in the article; and includes a Peter McAuslane, a merchant, associated with both Newfoundland and Prince Edward Island in the period 1800 to 1840's . That said, a recent Internet search led me to your site, introduced me to the existence of the McAuslane token for the first time , and triggers this request for help on its background . Could one of your subscribers provide me with the details of this token - and the PEI McAusland token - as to their history, purpose, issuer, time frame and any other relevant data? In turn, I would be willing to exchange genealogical data which might expand the historical background for both of the tokens mentioned." [If anyone can help, please contact me and I'll put you in touch with Mr. MacAusland. -Editor] FEATURED WEB PAGE This week's featured web page is about Leonard Charles Wyon. "Leonard Charles Wyon, eldest son of William Wyon, was born in one of the houses in the Royal Mint in 1826. " "His father taught him art and Leonard inherited great skill in die engraving. By the age of 16 he had already made several medals and some of his early work can be seen in the British Museum collection. In 1844 he became Second Engraver at the Mint on the retirement of Merlen. He was still only 18 and at the age of 24 he succeeded his father with the title of Modeller and Engraver in 1851. At this time de Saulles was Engraver to the Mint. A title 'Engraver to the Royal Mint' seems to have continued until the reign of Edward VII (1901-10)." FEATURED WEB PAGE 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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