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Welcome to The E-Sylum: Volume 9, Number 09, February 26, 2006: an electronic publication of the Numismatic Bibliomania Society. Copyright (c) 2006, The Numismatic Bibliomania Society. WAYNE's WORDS Among our recent subscribers is Bruce Paulhamus. Welcome aboard! We now have 863 subscribers. This week we have a lengthy issue with lots of news on new and old books, and some remembrances of literature dealer Art Rubino. A "lucky coin" is found in a medieval ship wreckage, and I've got a question about the popularity of Mardi Gras Doubloons. Dick Johnson chimes in with articles on die preservation in museums, and his proposal on medal grading. We also have some interesting questions relating to the Alaska Rural Rehabilitation Corporation (ARRC) tokens, and additional information and criticism on the Olympic medals. Numismatic researcher Katie Jaeger offers some updates to her February 2006 Numismatist article on American Institute. Finally, we discuss numismatic books on CD and reveal the answer to last week's quiz question, who was Ken L. Rosenbaum? Have a great week, everyone. Wayne Homren Numismatic Bibliomania Society COMMENTS ON THE NEW E-SYLUM ARCHIVE FORMAT Joel Orosz writes: "This is great news. The E-Sylum has become a tremendously valuable resource, and the archive will both preserve it and make it more accessible. Hats off to all who made this important step possible!" [I'd also like to thank Kavan Ratnatunga for his several suggestions on improving the usefulness and "searchability" of the new archive pages. They are already being indexed by Google, and over time may become more prominent in search results. There is a great deal of interesting information in our archives. If you operate a personal or club website, linking to this content could improve the usefulness of your site. If you would like some assistance in doing this, please let me know. -Editor] FRANKEL's BOOK SHEDS NEW LIGHT ON THE 1933 DOUBLE EAGLE Alison Frankel, a devoted E-Sylum reader, has written a new book on the 1933 $20 gold piece. She writes: "I know it's not the sort of scholarly coin examination you guys usually chew over, but I thought your readers might be interested in a general interest book with a coin as its focus." The 320-page book is scheduled for publication by W. W. Norton on May 15, 2006. Alison is a senior writer at The American Lawyer. Her work has also appeared in Newsday and several other national magazines. Alison was nice enough to send me an advance reading copy. My pile of "got to get to this" numismatic reading is getting bigger and bigger, but I did take time to read a couple chapters of Alison's book this week, and found quite a number of interesting tidbits about the creation of the coins as well as things I don't recall reading elsewhere about the prosecution of the case against dealer Stephen Fenton. Some of the new information in the book is found in the thirteen-page Epilogue, and Alison has given me permission to reveal two details here. First, the book includes the first-ever publication of Roy Langbord's story of his family's discovery of the ten additional 1933 Double Eagles. Second, the book includes a new photograph of a 1933 Double Eagle, taken by a prospective buyer. This particular coin has not surfaced publicly and may well be the same Texas/California specimen discussed and illustrated in David Tripp's recent book. Has anyone in the government read these books? I also skipped ahead to the Acknowledgements, Notes and Bibliography. These are my favorite parts of any book, because I like to know where the information comes from. Alison writes: "My largest debt is to the people who lived the story" including Stephen Fenton and his lawyer Barry Berke, and Jay Parrino, Jack Moore and Harvey Stack. There was no index in my reading copy, but Alison assures me her publisher is working on one. I was delighted to read her acknowledgement of our little publication. She writes: "The devoted readers of E-Sylum, the indispensable weekly newsletter of the Numismatic Bibliomania Society, offered leads and encouragement. E-Sylum regulars Q. David Bowers, Roger Burdette, Pete Smith and Len Augsberger also got a nod, as did George Kolbe, Dan Hamelberg and a host of others. Alison adds: "In my first manuscript draft I actually had a whole subchapter on numismatic book collecting. I went out to the John Ford literature auction that George Kolbe ran in California and interviewed him and Dan Hamelberg about the sale and collecting coin literature. I'm so taken with numismatic bibliophilia; to outsiders it seems the most arcane (okay, obscure) of pursuits, but you guys are both passionate and generous--a rare combination when it comes to collecting. My editor found the material too tangential to the story of the 1933 Double Eagle and, alas, made me cut it." [Drat! But perhaps there's a novel somewhere in the murky world of The E-Sylum. "The Feldman Code" could tell the tale of secret messages hidden in the marginalia of numismatic literature, undiscovered for centuries until a disparate band of bibliophile bloggers pieced together the mystery and solved the perplexing murders of several high-society coin collectors. The film version could star Brad Pitt as the hunky computer-geek protagonist (OK, quit the eye-rolling). Actually, the tale of the 1933 Double Eagle could well be fodder for a fine true-story film script someday. It has many dramatic moments, such as Saint-Gaudens' clash with Barber, President Roosevelt's table-pounding over the production delays, the stock market crash and Great Depression, William Woodin's sleepless juggernaut to reengineer the nation's financial system, the gold recall, the Secret Service's quest and confiscation of coins, King Farouk and his eccentricities, the sting at the Waldorf-Astoria, the auction, and the seizure of ten Izzy Switt coins and their storage at Fort Knox. Coins can be boring, and it's hard to blame the general public for that perception. But it's their stories that make them come alive, and those stories are what we bibliophiles lust after. Many thanks to Alison Frankel, her fellow author David Tripp, and everyone who helped sort out and tell the tale of these fascinating coins. -Editor] NEW BOOK EXPLORES AMERICA's GREATEST CURRENCY NOTES Chris Chapel of Whitman Publishing forwarded a release about the new book on U.S. paper money by Dave Bowers and David Sundman. Pricing information was provided by Tom Denly, owner of Denly's of Boston. Congratulations to the authors and Whitman - it sounds like a beautiful book. "Whitman Publishing announces the release of The 100 Greatest American Currency Notes, by Q. David Bowers and David M. Sundman. In this beautifully illustrated book, two of America's best-known numismatists take the reader on a personal guided tour of the paper money of colonial America, the Continental Congress, the early states, the Confederacy, old banks, and private issuers. "Each of the 100 Greatest was voted into place by leading paper currency dealers, researchers, and historians," says Whitman president Mary Counts. Inside the reader will find prized and seldom seen rarities-the unique and high-valued pieces that collectors dream about. The famous Grand Watermelon, featured on the front cover, tips the scale as the world's first million-dollar currency note. The book also explores more available and widely popular notes: pieces so beautiful or with such strange and fascinating stories that everybody wants one. The Lazy Deuce, the Tombstone Note, the Buffalo Bill, and dozens more are pictured in bold full color." "The 100 Greatest American Currency Notes is not just a price guide or a fancy picture book," says Whitman publisher Dennis Tucker. "It's a time machine that takes the reader to a hundred different points in American history. And it's a fascinating introduction to the hobby of collecting paper money." "The book is coffee-table-size, 224 pages, full color, with photographs and stories for every note. It also includes market values, price histories, field populations, census reports, quantities printed, and auction records. Retail price is $29.95. The 100 Greatest American Currency Notes will be available in February at hobby shops and bookstores nationwide." BOOK REVIEW: ENCYCLOPEDIA OF ROMAN IMPERIAL COINS Jim Barry writes: "Having recently purchased a copy of Raisiel Suarez's "Encyclopedia of Roman Imperial Coins", I find this new work takes a somewhat novel approach to the subject of collecting these coins. The large number of clear and color photographs of coin types is both visually enjoyable and welcomed. The combination of coin types that can be matched with their RIC numbers is especially helpful to the beginning and intermediate collector of Imperial coins. While no attempt is made to give prices for coins - an often useless item anyway - the rarity of various coin types gives some indication of what prices of coins are likely to be. Overall this is a likeable and user-friendly new book on the subject in spite of some errors that might have been eliminated with better proof reading. Clearly this book would make a fine addition to a collector's library." BOOK REVIEW: CLIP A BRIGHT GUINEA This week on the Yahoo discussion group for the Colonial Coin Collectors Club (C-4), Roger Moore published a nice book review, and with permission I'm republishing it here: Roger writes: "This evening I finished the very quick read â€â€śClip a Bright Guinea” by John Marsh. Mike Ringo brought the group’s attention to this book a month or so ago and on his advice I bought the book. It is a fascinating look into the coin counterfeiting culture in England under the reign of George III. In an isolated and desolate part of the Yorkshire moor a group of subsistence farmers and others joined together to defraud the government by extensively clipping and counterfeiting of coins. The group was organized by one David Hartley who would become known as “King David” for the fact that he seemed to hold total control of the local coinage and through enforcers made shop keepers participate in his clipping and counterfeiting business. The book provides an excellent accounting of how the entire saga of building the counterfeiting empire occurred and how it was dismantled â€largely due to the efforts of one Robert Parker, a local attorney. I do not want to give the story (historical) away for those not having read the book yet, but you will be interested in descriptions of “hung in chains” and the spectacle that had to be endured by wayfarers during that era when traveling into large cities where executions were carried out. It is a highly entertaining and very easy read. You will come away with a flavor of the times with its defined class structure, poverty and the ineffectual Treasury officials that lead to the counterfeiting boon. It also lets one see the bravery and dedication of a few honest and conscientious men in overcoming a community resistant to stopping the counterfeiting. A great read that will be available in the C-4 library!!!" SEVERAL COLONIAL COINAGE BOOKS IN THE WORKS The Winter 2005 issue of The C4 newsletter published by the Colonial Coin Collectors Club included minutes of the organization's General Meeting in Boston November 19, 2005. Of interest to bibliophiles is a report on the status of C4-sponsored research and publications: "Roger Siboni's opus on NJ coppers (with Jack Howes' great help) perhaps ready in 2007 and a draft of Brian Danforth's book on pre-Confederation coinage was available to view. Work continues on more than a half dozen previously mentioned research-publication projects: Fugio's, Wood's coinage, Massachusetts Coppers, St. Patrick Farthings, Sommer's Island and Lord Baltimore coinage, and Virginia coppers. Tony Carlotta is also working on a Vermont update." ART RUBINO REMEMBERED Howard A. Daniel III writes: "I was very saddened to read about Art Rubino passing away. He was one of the early sellers of my books, and he contacted me whenever he obtained a book about Southeast Asia. I cannot remember the first time we met, but it was probably in the Western USA. His setup of books and periodicals was HUGE! I could not believe how much inventory he carried to a show. After talking with him for awhile, I searched through everything and found five or six books and periodicals to purchase that had something for me well hidden inside them. Whenever I met him at another show, I would do the same thing and always find one or two items. And I often found something he had priced too low and I would tell him about it. He would thank me but rarely would he raise the price. Art will be missed and I hope his son, David, continues the business, even if it is on a website." [Like Howard, I've forgotten the details of my own first meeting with Art, but it was probably also at a west coast show such as Long Beach. I too spent a long while looking through Art's stock and managed to find several catalogs or items of ephemera to add to my library, which was already fairly advanced by that time. The only book I recall purchasing was one I'd been seeking for quite a while - Claud E. Fuller's 1949 "Confederate Currency and Stamps" I still have this copy in my library. -Editor] W. David Perkins writes: "Count me among those who knew and will miss literature dealer Art Rubino. I first met him at a local Denver coin show in the early 1990s. I had quickly visited all the dealers at the show looking for Half Cents and early U.S. Silver Dollars by die variety. As usual (and not unexpectedly) I did not have any luck locating any new coins for my specialized collection. I glanced around the floor and noted some tall bookshelves "way in the back." I wandered over to what turned out to be Art Rubino and his "mobile bookshop" as you termed it in last week's issue of The E-Sylum. After looking around I introduced myself to Art and asked if he had brought any U.S. coin auction catalogs. Art said they were in boxes under the tables. The first box I pulled out had a run of Lester Merkin sale catalogs. I quickly located two copies of Merkin's Public Auction Sale - September 18, 1968. This sale included part of the extensive Ostheimer silver dollar collection (Early U.S. Silver Dollars 1794-1803 through Peace Dollars, including Pattern Dollars and Lesher Dollars). The first copy was priced at $20.00. This was a "normal copy" with prices realized included. The next copy of the Merkin September 18, 1968 sale was a "special one," a "GEM" in numismatic terms. On the cover above the words "Auction Sale-" was written "Mrs. Ostheimer!" Arrows pointed to two of the silver dollars that were plated on the cover â€the Ostheimer 1870-S Dollar and a 1795 Bolender-3 Dollar. In the lower right quadrant of the cover was "My Estimate" written in red ink and "Realized" in blue ink. Inside on the first page was "OSTHEIMER OWN COPY ANNOTATED." Needless to say that at this point my heart was beating quite rapidly. Inside I found a three page auction settlement on Lester Merkin's stationery. The settlement had Lot #, Percent Paid for selling the Lot and Price (Realized). To the left of the Lot # field written in red ink and underlined was "Cost." The third page of the auction settlement had total of lots with a seller's fee of 20%, 15% and 10% (varied by price realized). There was a dollar total for lots not sold and lots reserved (at $25.00 each!). In pencil was noted "Baldenhofer," which turns out to be important as the Baldenhofer pedigree was not included where relevant on any of the lots for early silver dollars 1795-1803. Accompanying the auction settlement was an adding machine tape with "Cost Baldenhofer" written on it in pencil. Thus from this I was able to determine which lots were linked to W. G. Baldenhofer. As it turns out [later research by this author] M. H. Bolender acquired the W. G. Baldenhofer silver dollar collection en bloc. He sold it privately to the Ostheimers [I later acquired from Mrs. Ostheimer Bolender's bill of sale and a complete listing of the Baldenhofer silver dollar collection.] Also written in pencil on the third page of the auction settlement were the Ostheimer's capital gains tax calculations. Needless to say they did quite well on their investment. After this, I would always stop by and visit with Art when he was set up at a show that I was attending. In my experience Art was both a gentleman and a knowledgeable dealer. I always enjoyed my time with him. For those who are interested, see Stack's public auction sale of the Farish Baldenhofer Collection of U. S. Coins November 11-12, 1955. There was a small run of early U.S. silver dollars 1794-1803, lots 964-982. This appears to be a small "date / major type set" of early dollars. I'm not sure if these dollars were Baldenhofer's or the property of Stack's or another consignor. If any readers know the answer I would love to learn who consigned the early dollar lots in this sale. I asked Vicken Yegparian of Stack's this question in September 2005. He replied, "It was actually Harvey Stack who went to Columbus to pick up the "Farish Baldenhofer Collection and that Harvey did not recall whether the Silver Dollars offered in the Farish Baldenhofer Catalogue belong to the Baldenhofer Collection." BRYN-MAWR OPENS NEW EXHIBIT OF ANCIENT COINS Arthur Shippee forwarded a link from the Explorator newsletter to an item on the Bryn-Mawr College (Philadelphia) website: "A permanent exhibition of ancient coins will open on Tuesday, Feb. 28, in the Ella Riegel Memorial Museum on the third floor of Thomas Hall at Bryn Mawr. Titled "A Treasury of Knowledge: An Exhibition of the Bryn Mawr College Collection of Ancient Coins," the display is curated by Sarah Hafner, a graduate student in Greek, Latin and Classical Studies and a National Endowment for the Humanities Curatorial and Exhibitions Fellow." "Hafner began her work with the coins as a summer project, but it became a longer-term effort. "Nobody had done intensive work on this collection for years," she says, "so there was a lot to do. I've now looked at every coin in the collection. My goal was to organize them so that they could be a useful resource." "About 75 coins will be included in the display. "The collection contains examples of some of the oldest known coins," Hafner says; the oldest coin on exhibit dates from 600-550 B.C.E. Most of the coins in the exhibition are Greek or Roman." "The exhibition is open to the Tri-College community Monday through Thursday, 10 a.m. to 4 p.m., and to the general public by appointment. For more information, call (610) 526-5022." To read the complete article, see: Full Story MARDI GRAS DOUBLOONS REVIVE NEW ORLEANS, COME HELL OR HIGH WATER Last Sunday, February 19, the Cox News service reported from New Orleans: "The defiant Mardi Gras doubloon said it all yesterday: "Come Hell or High Water." It would take more than the worst natural disaster in U.S. history to stop this party. Strings of plastic beads and strains of Dixieland music filled the air. Gargantuan faces smiled down from passing floats as sidewalks turned into rivers of hands reaching up for gaudy trinkets. The crowds -- although smaller than normal -- were grateful that Mardi Gras 2006 had begun less than six months since hurricanes laid waste to their city." "The notion of having a huge party only a few miles from where whole neighborhoods are still demolished and deserted did not strike the early revelers as odd. The parades were a relief to some natives. "I was so glad to get back," said Ferdinand Grayson, 96, who was evacuated to Houston after Katrina and returned only two months ago. "And I'm so glad we're having Mardi Gras."" To read the full story, see: Full Story But are Mardi Gras Doubloons being edged out in popularity by beads? A search of news stories shows many more references to beads than doubloons as party throws in New Orleans. An Associated Press story reported: "They're throwing Mardi Gras beads again - so many strands, they're landing in tree branches and getting snagged on the trellised balconies of the French Quarter. You'll find them adorning the arms of Spanish statues. Tourists are wearing them, but these days so are contractors and the National Guard. It's hard to walk on Bourbon Street without stepping on them. You're likely to crunch them underfoot, long necklaces of plastic pearls brightening the asphalt." To read the full story, see: Full Story BANKNOTES STOLEN IN BRITAIN's LARGEST HEIST According to a Reuters article, "Detectives arrested a man aged 29 and a woman of 30 in London after a gang posing as police mounted the raid on security depot in southern England." "Six raiders snatched the manager of a security depot, took his wife and young son hostage and threatened to kill them unless he helped them get inside the compound, police said. "The Bank of England, Britain's central bank, confirmed that 25 million pounds of its money had been stolen. Assistant Chief Constable Adrian Leppard told a news conference the final figure could hit 50 million pounds. If confirmed at 50 million, it would eclipse the previous record haul of cash and valuables worth up to 40 million pounds from a safe deposit box center in Knightsbridge, central London in 1987." "Early on Wednesday, the gang spent more than an hour loading a large white lorry with cash -- a mixture of new and old bank notes -- before escaping." To read the complete story, see: Full Story WAYTE RAYMOND's COIN COLLECTOR's JOURNAL BINDINGS Last week Leon Majors asked: "Were all of the Wayte Raymond Coin Collector's Journal publisher's annual editions in blue cloth actually issued? I have editions 1-10, 12 and 14. Are the others out there? Dave Lange writes: "There is a complete, bound set of the CCJ in my office. All but three of the volumes match the other bound publications in our library and were bound at the same time as these. I believe the three odd ones to be original bindings done for Raymond. Volumes 6, 7 and 10 appear as follows: Medium-dark blue cloth, the title stamped on the cover in gold in three lines of skeletal, all caps, Roman letters, THE/COIN COLLECTOR's/JOURNAL. The title is repeated on the spine in solid, sans-serif gold, with the volume number at the top of the spine in Roman numerals and the cover dates at the bottom in Arabic numerals. If this format matches bound volumes in other libraries, then it is very likely that all such bindings are original." [My set came from the Donald Miller library, and is bound in a light library blue cloth with two or more volumes per binding. These have Miller's name in gilt on the cover. I believe Miller himself had these bound sometime in the 1960s. Does anyone else have bindings similar to those described by Dave Lange? Any volumes 11 or 13? -Editor] COLLINGTON BOOK LOCATED On January 8th Bob Fritsch asked a question about the "Collection des Hommes Illustres." Hedley Betts responded with information about a book by Jean-Pierre Collignon which "has a comprehensive list of one of the series he is interested in." Bob Fritsch writes: "My thanks to Mr. Betts for his answer. A quick search at abebooks.com found the book in Germany and I am making contact with the bookseller to negotiate the sale. What a wonderful forum this is!" [It is always gratifying to be able to help researchers find the material they seek. Many thanks to Hedley Betts and all our readers for their kind assistance. -Editor] GOOD LUCK COIN FOUND IN MEDIEVAL SHIP WRECKAGE Arthur Shippee forwarded an article referenced in The Explorator newsletter about the discovery of an early French coin in the ruins of a medieval ship: "The discovery of the 15th Century coin is being interpreted as a sign that the ship came originally from France. Experts believe the coin was new and was intended to be a good luck charm. Project leader Kate Hunter said a colleague was shaking when she found the coin. She said: "We all understood immediately how important it was." The Newport ship is the most complete surviving 15th Century vessel discovered in recent years. It was found on the banks of the river during the construction of The Riverfront arts centre. The coin, wrapped in tarred caulking, was discovered in one of the wooden timbers being studied by the city council's ship recording team." "It was in a hole cut above the ship's keel at the point where it connects to the stem-post, the timber which forms the bow." "She said: "We think it's been put in as a good luck charm. There's a long tradition in ships of putting coins under the mast or in the keel as a good luck charm." The coin has been identified by expert Edward Besly from the National Museum of Wales as a petit blanc of the Dauphin Louis de France, who became Louis X1 in 1461. Minted in the town of CrĂ©mieu between 1440 to 1456, the coin comes from DauphinĂ©, an area of south-eastern France traditionally held by the Dauphin, the eldest son of the king of France." To read the complete article, see: Full Story HOW MUSEUMS HANDLE DIES: THE SCOVILL DIE EXPERIENCE Dick Johnson writes: "Katie Jaeger’s experience related in last week’s E-Sylum at New-York Historical Society finding a box of dies in their archives, and handling these, reminds me of similar experiences with dies in museums. I have handled dies since 1966 when I was hired by Medallic Art Co. These ranged from 1/2-inch emblem dies to massive 8-inch monster open face dies capable of striking 6-inch medals. Medallic Art Company had the policy of never discarding a useable die, nor giving it to the customer (it remained in the company’s die vault in case it was later reused, which frequently occurred for award medals). The earliest MAco die I found dated back to 1909. A numbering system I devised for the archive medals was also applied to the dies, all were renumbered with this same archive number (it was punched or painted or both on the die). Thus I had my hands on many dies for the decade I worked for the firm. In my retirement I researched the tokens and medals issued by Scovill Manufacturing of Waterbury. I arrived 14 years too late, however. I learned the dies had all been dispersed. Scovill had ceased operation in 1960, ownership passed to Waterbury Companies; the Scovill dies were transferred in 1961. Some machinery was donated to the Mattatuck Museum in Waterbury, all paper records were donated to the Baker Business Library, Harvard University, Boston. Neither wanted such a large quantity of dies however. A museum consultant was called in, Bruce S. Bazelon, registrar at Pennsylvania Historical and Museum Commission, Harrisburg. Among the 15,000 dies, he determined 2,044 dies had historical significance. By November 1982 he had donated these historical dies to 18 museums, all selected by geography or topical interest. Albany Institute got all New York state dies, for example. A Pennsylvania railroad museum got all the railroad related dies. The chore for me, then, was to visit these museums to examine these dies. Most Scovill dies were button dies, of course, since Scovill was noted for button manufacturing for over 150 years. I learned a great deal from handling these dies. I learned, for example, 19th century die blanks were made by "die forgers." Before there was a specialty iron and steel industry in America, die blanks were made by brawny men who treated the iron much like blacksmiths, or more precisely, like sword makers, folding it over and over, annealing it, hammering it, heat treating it, to harden the iron (to prevent or retard "sinking" during prolonged striking). Scovill required the die forgers to sign the die blanks (since they ordered these from die forgers all over New England, I’m certain they wanted to know whose die blanks worked best, whose dies didn’t sink). "O.J. Brown" made more of these die blanks for Scovill than anyone else. He signed these on the side with a large lettered punch. At every museum â€and this is the funny part â€the curators made me wear those damn white gloves. After handling thousands of dies before (some greasy, some rusty, most dirty), I now had to treat them like jewels! I got the curators to compromise however; I only wore a white glove on my left hand to handle the dies, leaving my right hand free to record my notes. Every numismatist, every collector â€it is my earnest recommendation! â€should own a matched pair of dies. Only then will every person understand die technology, how they create our beloved coins, medals and tokens." ON MEDAL CONDITIONS Dick Johnson writes: "I must thank Ron Abler for his response to my proposed new terminology for medal conditions. In this instance, Ron, I was sincere. I would most certainly like to see a different standard of condition terms for medals, eschewing those used for coins. (The article was not tongue-in-cheek, but does point out for serious writers not to do too many humorous pieces. Would you ever take as serious anything written by Donn Pearlman, official court jester at the Numismatist?) Indeed, I had considered "mint state" for the highest degree of medal condition. Then it dawned on me -- yes, some medals are struck at mints, but many are not -- they are struck at medal plants. (The greatest arguments the officers at Medallic Art Co had was with our advertising agency. They insisted we call outselves a "mint." We were just as insistant we were NOT a mint -- a mint strikes coins -- we manufactured medals. Call us a medal maker; a plant, a shop or even an "atelier" (French term for art studio) but we did not want to be known as a mint. The reason for this was profit. How much profit could you make striking low value coins? The Franklin Mint quickly learned this by only selling low value coins in sets or in proof condition where a profit could be obtained on such low value coins. National mints can make a tiny profit because they do not pay taxes, private industry does.) Ron, I had expected the condition adjectives to be added to the four terms I suggested -- pristine, mellow, haggard, eroded -- but not quite so quickly. Your willingness to pay more for "high mellow" over "low mellow" surprised me. I did foresee catalogers using the statement for a U.S. Mint medal with a light 20th century finish struck in yellow bronze in a mellow condition, calling it ... "mellow yellow." (Congratulations Donn Pearlman, my humor does not rise to your level, your title remains intact!)" ALASKA ARCC TOKEN MANUFACTURER: PUGET SOUND STAMP WORKS? Chick Ambrass writes: "While doing some Internet research on the Alaska Rural Rehabilitation Corporation (ARRC) tokens, up popped an issue of The E-Sylum, where the tokens are mentioned. According to the Red Book, these tokens were "issued" by the U.S. government, but it does NOT state that these were struck by the U.S. mint. Has that question ever come up before? If they were not struck by the U.S. Mint, then by whom?" [The question hadn't come up before, so I passed Chick's query on to E-Sylum reader Dick Hanscom of Alaska Rare Coins. He writes: "My information (from Lew Egnew) is that they were struck by the Puget Sound Stamp Works in Seattle." The Red Book has some erroneous information. It states that all but the 1¢ denomination is the same size as the corresponding U.S. coin. This is not correct. The $5 and $10 are larger than their gold counterparts." As an example of how articles in the E-Sylum archive can be accessed, here are a group of links to several earlier articles related to the Alaskan tokens (also known as "Bingles"): ALASKAN BINGLE TOKENS esylum_v05n27a06.html BINGLES esylum_v05n28a12.html BINGLES REVISITED esylum_v05n29a15.html BINGLE, SHMINGLE esylum_v05n29a15.html BEATING BINGLES TO DEATH esylum_v05n31a12.html ARTICLE ON ALASKAN BINGLE TOKENS esylum_v08n04a20.html -Editor] OFFICIAL TOKENS OF THE U.S. GOVERNMENT? Chick Ambrass also asks: "Were the ARCC tokens the only tokens issued by the U.S. government? Hard Times and Civil War tokens were done privately, as were the various Hawaiian tokens listed in the Red Book. Another candidate could be the Palo Seco leper hospital in Panama. It was financed and run by the U.S. and was adjacent to the official canal zone, although it was not located IN the zone." [This is another interesting question (and the sort of thing that keeps The E-Sylum fun). There are probably a lot of military tokens that might fit the bill, issued by the armed forces for use in the PX and officers' canteens. But could these also be considered private issues, like the Civil War Sutler tokens, issued by private merchants who had a contract with the government? For that matter, the Alaska Rural Rehabilitation Corporation, although backed by the U.S., was also a separate entity. So is it right to say the ARCC tokens were "issued" by the U.S.? Collectors of U.S. colonial issues might argue that the Fugio Cent was a token issue, authorized by the government but produced privately. What do our readers think? Were there any official token issues of the U.S. government? -Editor] EIGHT JAPANESE CONNED IN MILLION DOLLAR BILL SWINDLE P.T. Barnum was right - there's a sucker born every minute (and the world will never run out of supply). The Taipei Times reports this week that "Eight people in southern Japan forked over ÂĄ150 million (US$1.27 million) to a man who promised huge returns involving fake US$1 million bills and then disappeared with their money, a news report said yesterday. The US Treasury does not make US$1 million bills." "The unidentified investors first heard of the US$1 million note from a 52-year-old construction material company president in early 2003, according to Asahi, citing several investors. The president told them about a ``rare'' US$1 million bill that was for sale in Chengdu, China, and invited them to pool money to buy several such notes promising a return 10 times of their investment, the report said. The investors were told that the US government printed the bills in 1928 to allow Americans in China to bring their assets back home, Asahi said. The president showed them a thousand of the US$1 million notes featuring a portrait of George Washington at a Tokyo hotel, according to Asahi. The investors were told the notes could be exchanged for smaller denominations in Hong Kong, but no exchange ever took place, it reported." "The largest US denomination ever produced was US$100,000 between 1934 and 1935, according to the Treasury." To read the full article, see: Full Story AOL PROBLEMS AND ANTI-SPAM SOFTWARE Harold Eiserloh writes: "The organization Grassfire claims AOL and YAHOO are now setting up to charge bulk e-mailers a fee, saying it is SPAM control. You might check with AOL about this. Since AOL and YAHOO have about 50% of e-mail addresses it appears to be coercion, pay or your mail doesn't get delivered. Check it out." [I had heard of this, but we have no intention of paying to deliver a free newsletter. AOL users will have to deal with AOL. SPAM control is for email from addresses unknown to the user. If The E-Sylum is in the user's address book, getting the email should be routine. The "From" address is "esylum-bounces@binhost.com" and the Reply-To address is mine "whomren@coinlibrary.com" Any reader who has anti-spam software installed on their machine or via their ISP should take a moment to ensure that these address are identified as legitimate non-spam addresses. -Editor] OLYMPIC MEDAL WEB SITES Related to our previous discussion of the medals of the 2006 Winter Olympic games, Gar Travis forwarded these links to two web sites with images of medals of games past. He writes: "Olympic medals & other stuff web site (cool site) Olympic medals Olympic medals site - with Participation feature area (though none for Winter 2006 yet): olympicmedals.info " MORE 2006 WINTER OLYMPIC MEDAL CRITICISM I missed getting this into the last issue, but better late than never. The Associated Press published an article February 15th featuring various criticisms and comments on the 2006 Winter Olympic medal design: "Some folks think it looks like a doughnut. Others see a bagel. Or a giant Life Saver, or a compact disc. An Austrian Olympian used it as an eye patch. Whatever the view, it really is an Olympic medal." "Designer Dario Quatrini says the hole represents the open space of an Italian piazza, or city square. Except the medal isn't square at all â€it's round. And when worn, Quatrini has explained, it has yet another meaning: "Circling and revealing the area near the heart and focusing attention on the athlete's vital energy and human emotions," says the Turin Olympic Committee. On Wednesday, after winning the women's downhill in San Sicario, Michaela Dorfmeister of Austria smiled broadly and held her gold medal to her cheek, then squinted through the opening as if it were a peephole." "That hole in the middle gives a sense of emptiness," she said. "The old medals gave a more concrete feeling; they gave you the sense of the accomplishment behind them." Marco Leoni didn't get it, either. A steelworker who journeyed from Varese, north of Milan, to follow ice hockey, Leoni said he wasn't so sure there was a connection between the holes and piazzas. "They're supposed to be a square? They look more like doughnuts or rings to me." Nonetheless, he wasn't put off. "I like them," he said. "They're original." Which is what every host city is dreams of while deciding what the ultimate award of sports excellence should look like. The Winter Games, unlike the Summer Olympics, allows organizers great freedom in designing the shape and size and content of medals. That, as well as creating the competitions' logos and slogans, are all done at the local level. At the 1994 Lillehammer Games in Norway, for instance, the medals contained sparagmite, a stone extracted from the ski jump site. At Nagano in 1998, Japanese organizers used lacquer. In 2002, at Salt Lake City, the medals weren't round at all, but rather had uneven edges that were supposed to look like river rocks found in Utah streams and rivers. Some critics said they resembled cow pies." "But in the end, to the athletes who win one, the issue has nothing to do with size, shape or doughnuts. Jennifer Heil of Canada won a gold medal in women's moguls on the opening day of competition. She said she likes hers just fine. "I just wanted it to be heavy, because I knew there was, like, a big hole in it, and I wasn't disappointed. "I think it's really cool." To read the complete article, see: Full Story AUTHOR's UPDATES TO AMERICAN INSTITUTE MEDAL ARTICLE Regarding Katie Jaeger's February 2006 Numismatist article, Alan V. Weinberg writes: "I avidly collect American Institute and other pre-1900 American award medals and enjoyed her article. One error stood out, though: the presentation cases holding many medals were not "celluloid" as described in the article - they were vulcanite, hard rubber, thermoplastic as these ornate "tintype" cases are formally known. All three terms are interchangeably used. Another equivalent term is "gutta percha" (sounds Hindu, huh?). So that's four long-used terms for the same fabric." At Alan's request I forwarded his note to Katie, who replied: "I was going crazy trying to determine the material from which those boxes were made! Whoever curated the collection at the NYHS called it celluloid, and I finally went with that description, even though it seemed doubtful, after reading a couple of websites on the history of plastics to see if I could figure out positively what the material was. In hand, it feels exactly like good quality plastic - smooth, hard, quite dense, and having a high sheen. I read that celluloid was first used to make billiard balls, and that is exactly how it feels, so I said to myself, well, OK. But the colors, dark red and black, are typical of vulcanite, so obviously Alan is right. Thanks for the correction! Q. David Bowers and I will have a brief discussion of presentation cases in the introduction to our book "The 100 Greatest U.S. Medals and Tokens", and I plan to illustrate two of these. I have many questions on how the molds for these were made: they sure do look die-struck, and I guess they were, if they are in fact thermoplastic - wasn't that struck in presses while heat was applied? I have seen other cases that look to have been stamped from molds, but seem to be made of painted cardboard, with a somewhat leathery feel. [Alan writes: "The cardboard, leathery feel is fiber...primarily a product starting in the early 20th century. As with thermoplastic, the dies are applied with heat and pressure." -Editor] I detected another error in my article. The copy editor rewrote some of my timeline entries to make them fit in the box, and introduced the term "uniface" to my description of the 55 mm unsigned medals of 1870. I didn't catch this in the page proofs, unfortunately. There are no uniface American Institute medals that I know of!!!! I think she assumed medals were uniface because only a new obverse die was created, but in fact, existing reverses were being used with it. There is another unclear element to what was published - the fact that Alonzo and Thaddeus Wakeman returned to their Institute posts soon after the scandal clouds dissipated. When Thaddeus died in 1848, the Institute showed him full honors. In fact, the only American Institute staffer who did not remain in his position after the scandal was Charles C. Wright, who was the source of the testimony against Dodge and the others. Probably when the bad publicity hit, the Wakemans and the other two resigned in a huff, and the Wakemans were later entreated to return (because they did all the work). I'd speculate that when Wright learned that these people were retained, he quit. Just a theory!" [Since we've recently discussed what makes material appropriate for The E-Sylum, I thought I'd add that I feel this sort of exchange is absolutely appropriate, and I’m very happy to publish it. There is only so much space in a printed publication, but there are no such limits here in cyberspace. It’s the perfect place for annotations, background, commentary and corrections to printed articles -- I wish we could do more of this. I rarely have the time to write up many of my own comments and questions, but those from readers are always welcome. The on-line availability of researchers like Katie (and eager fact-checkers like Alan and the rest of our subscribers) adds a whole new dimension to our collective numismatic knowledge. -Editor] U.S. COIN DENOMINATIONS AND RELATIVE SIZES Regarding last week's item about the "people-friendliness" of current U.S. coin designs (which spell out the denomination rather than using numerals), Howard Spindel writes: "The same Kim Salil Gokhale identified in the newspaper article "has applied to the University of Florida's Department of Clinical and Health Psychology to study for a doctorate in psychoneuroimmunology." Is it really asking a lot for a potential doctorate student to understand enough English to read a few coins? Our bills are clearly marked. The potential loss of money for someone who refuses to learn our coinage prior to using it is very small - under a dollar. Furthermore, none of us read our coins each time. We identify them by size and color. Even illiterate people can use coins after a one-time explanation." [Howard's point is well taken and perhaps proven by the fact that the topic hadn't come up long before now. Yet it is a valid observation and something to consider for future coin designs. Earlier articles have referenced defacto international standards for expressing denominations on banknotes; is there any such emerging standard for coinage? And what about the related topic of the physical size of coins? U.S. coinage is hidebound by tradition and the political clout of the vending machine industry. Have you ever tried to explain to a child why the smallest coin (the dime) is worth ten times as much as the smallest denomination (the cent)? While sorting through a jug of coins with my seven year old son last weekend, we came across a silver 1957 dime. I was seven years old myself when silver last circulated freely, and remember my grandmother showing me a new clad coin and explaining that coins would no longer be minted in silver. With coinage made of base metals, intrinsic value is no longer a determinant of size, but here we are over 40 years later still producing coins of the same relative size (and in the case of the cent and dime, the same design as well). I have little hope or expectation that anything but the designs will change any time soon, but I wonder if my son will have the same trouble explaining relative coin sizes to his own children (if coins even exist outside of museums and collections by then...) -Editor] NUMISMATIC BOOKS ON CD-ROM Larry Korchnak writes: "I read the piece about books on CD's with great interest. Perhaps resistance to their use by college students is generational as well as functional. My school district has used CD texts with great success in our elementary schools through High School. While high school students accept electronic texts without a fuss, our youngest students do the best with them. Parents love them, too, because students do not have to carry heavy texts home for multiple subjects. Furthermore, CD texts are usually accompanied by website support that links students to a myriad of other educational sources in addition to the text. And, it saved tens of thousands of dollars for other needed instructional materials. I am not sure that hard copy texts will be totally replaced, but there is certainly a place for electronic ones." [Anyone born after 1976 seems like a young whippersnapper to me, so I wouldn't have thought of today's college students as being resistant to technological change. But all changes take time to become fully accepted, and as Larry points out, acceptance is easier the younger one is when introduced. As Internet-savvy as I like to think I am, although I have several CD versions of numismatic books and catalogs I don't actively seek them out. But change is coming as sure as night follows day. The most recent example of this may be Wendell Wolka's massive book, "A History of Nineteenth Century Ohio Obsolete Bank Notes and Scrip," for which Wendell has just published an addendum on CD. See the following E-Sylum item for details. -Editor] Wendell writes: "Some thoughts first on "Why a CD?" might be in order. With a book the size of the Ohio catalog, reprinting a new edition would be financially impossible. Thus the only real options, it seemed, were to provide a print update in black and white or an "electronic" update. I went with the CD approach because: * I could provide full color illustrations (that can even be magnified up to at least 400%) at no extra cost. * Using PDF format makes the information completely searchable. * The cost of a CD is significantly less than having a printed version done * Users can print out pages that are of particular interest to them (or the whole thing for that matter). * Producing future updates will be easier and faster to do. * Any serious errors or mishaps can be corrected "on the fly" As to the future, yes, the Ohio book will fit on a single CD... if there's ever a second edition I believe it too will be on CD." CD UPDATE: WENDELL WOLKA's OHIO OBSOLETE BANK NOTES AND SCRIP [The following is taken from the Wendell's press release. His email address is PURDUENUT@aol.com -Editor] Wendell Wolka, author of the 2004 obsolete paper money catalog, A History of Nineteenth Century Ohio Obsolete Bank Notes and Scrip, advises that the 2005-06 Update is now available for sale. The update breaks new ground on several fronts. It is available as a CD (compact disc), with over 110 pages of information, 117 new or revised listings, and 118 high resolution color illustrations. A number of pages of information which simply wouldn’t fit in the original book such as printing totals, National Bank connections, and the like are also included. Using the concept of an “e book” allows a more usable and low cost alternative to a traditional hard copy update. Of course, users desiring a hard copy of specific pages can still print them out. Wendell began work on this update literally before the original catalog was off the press. He is often amazed that, even with nearly 7,000 listings in the original book, new issuers, denominations, and even an occasional new town pop up with great regularity. He estimates that he still finds one or two new notes every month and expects that trend to continue for some time. The 2005-06 Update CD may be ordered by sending a check, made payable to Wendell Wolka, for $13.95 to Wendell Wolka, PO Box 1211, Greenwood, IN 46142. The price includes shipping and handling. If you somehow missed the original book, it is still available directly from the author for $60.00 postpaid, with orders accepted at the same address shown for ordering the Update CD. Please also contact Wendell to report new discoveries, for dealer pricing on the CD, as well as for details on an option that is available if you do not have computer access. ON ELECTRONIC BOOKS AND NUMISMATIC ANNOTATIONS Michael E. Marotta writes: "Electronic books" need time to mature and develop. The ILIAD and ODYSSEY were memorized and recited. There is an upper limit to how effective that can be. Yet, as powerful as writing is, memory remains important. I am working on a degree in criminal justice and I have a class in college algebra which is calculator-based. We use the same TI-83 (or 89) boxes at Washtenaw Community College in Ann Arbor that my daughter uses in her classes at Miami-Dade. I did not buy a calculator. Unlike these kids, I had 5 1/2 years of high school algebra in four years of high school. The instructor recommended that I get a $10 button box just in case I have not memorized all the square roots between 1 and 100. We just finished a section on linear regression (fitting a line to a set of points) and the kids only know how to press buttons: they do not know the formula or where it comes from. I looked it up, learned it and understood it well enough to explain it to the instructor after class. On the test, I only got partial credit for that problem because I could not do the arithmetic fast enough by hand, and had to let the problem go before time ran out. So, there are always trade-offs. Last semester, I took a class in symbolic logic for a philosophy requirement. It was all electronic, online, including the tests. This semester, our math book had some wrong answers in the back and that cause a bit of anxiety -- but we got it straightened out. The symbolic logic e-book also had a few bugs and glitches, but being software, they were manifested as failures in the operation of the program. Those failures had consequences in the grading -- which was also electronic. This term, I am taking a class in criminal investigations and our textbook comes with a CD-ROM of supplemental materials. The CD also has the same short-comings as the e-book in symbolic logic: a "typo" causes an operations failure. Imagine a book that does not let you read page 32 until you have read page 31 -- or paragraph 2 on page 394. If print were to be as expressive as the spoken word, the result would be a typographic nightmare, IMHO (:-), with dozens of fonts and styles in play to mimic our gestures and gesticulations. No combination of (;-) (:-) (;-) waggles an eyebrow as well as I do in person. *Print* _does_ have ^many^ "advantages" over the SPOKEN word, =BUT= 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. 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