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Welcome to The E-Sylum: Volume 9, Number 19, May 7, 2006: an electronic publication of the Numismatic Bibliomania Society. Copyright (c) 2006, The Numismatic Bibliomania Society. WAYNE's WORDS Among our recent subscribers are Jorg Lueke, Shirley Dyess and Scott Travers. Welcome aboard! We now have 885 subscribers. The hour is late and I'll let this issue speak for itself. Readers will find a number of articles relating to numismatic literature and research, including some book reviews and a fantastic web resource. In the numismatic reminiscences area, we have a new report from Barry Jablon, this time on the hubbub over the 1960 Small Date Lincoln Cent. Just one other item to mention - the May 15 issue of Coin World has (yet another) great article by Nancy Oliver and Richard Kelly, this time revealing a newly-discovered newspaper clipping that identifies San Francisco mint employee Frank C. Berdan as the source of two specimens of the 1894-S dime. Referring to this discovery in her editorial column in that same issue, editor Beth Deisher remarks on how "The teaming of "old" and "new" technologies is playing an important role in numismatic research today and is helping us "discover" what was once known but what subsequently became lost to the collecting public for many years." Bravo! Wayne Homren Numismatic Bibliomania Society LAKE BOOKS MAIL BID SALE #84 CLOSES MAY 9TH Fred Lake writes: "Lake Books mail-bid sale of numismatic literature closes on Tuesday, May 9, 2006 at 5:00 PM. Bidders may contact Fred Lake by telephone, email, or fax until that time with bids or requests for information regarding the sale. Lake Books (727) 343-8055 FAX:(727) 345-3750 lakebooks.com" ANA LIBRARIAN NANCY GREEN RETIRES Bill Rosenblum writes: "Nancy Green, the longtime librarian of the American Numismatic Association and one of the truly good people at the headquarters, retired last Friday. Nancy was a lover of books and would go the extra mile for me (and I'm sure many others) in finding that elusive book or article that may have been titled in a different way than I had thought. She advised me that although she was no longer with the ANA, she had become a coin "nerd" and would make appearances at local clubs and shows. I'm not sure how many E-Sylum readers had contact with her but this reader will certainly miss her." [Nancy: you will certainly be missed! Good luck and good wishes on your retirement! -Editor] PRADIER NUMISMATIC LITERATURE WEB SITE DEBUTS Stephen Pradier writes: "Since moving to Middle Tennessee last April, I have found myself with quite a bit of time on my hands. It recently dawned on me that in my move from my home of 33 years in Northern Virginia to my new home here in Murfreesboro, Tennessee, that I brought along with me over 200 book boxes of books, all of which I placed in there very own secluded room for safe keeping. At any rate, with the time I have, I have decided to create a web Site and devote it to Numismatic Literature. At this point it is Pretty much a work in progress. I would like this site to be just one more in the field of Numismatic Literature and hope that it will attract a lot more people to the Numismatic Literature community. I am in the process of setting up a News & Misc page. Cal Wilson gave me permission to post his Repository newsletters as he no longer maintains his site. The web address is pradiernumislit.com " [A new web site on numismatic literature is always welcome. Stephen's only getting started, but he's already got a nice collection of links to literature dealers, publishers and associations (including, of course, the Numismatic Bibliomania Society. -Editor] BOWERS, PAPER MONEY ISSUED BY BANKS IN THE UNITED STATES 1782-1866 Whitman Publishing forwarded the press release for their newest title. Here are some excerpts: "Whitman Publishing announces the forthcoming release of one of the most comprehensive, fact-filled, and interesting books on American paper money ever produced: Paper Money Issued by Banks in the United States 1782-1866, with the subtitle, The Engraving, Printing, and Circulation of Bank Notes with Aspects of Collecting Obsolete Currency. The author is Q. David Bowers... The book will include a foreword by Eric P. Newman, patriarch of paper money research and collecting. The book will be an estimated 500 to 600 pages in length, large 8 ½ by 11 inches in format, full color throughout, printed on high quality paper, and hardbound with a decorative cover as well as a book jacket. It is anticipated that these books will be available for distribution by autumn. The cover price is $69.95. In addition, a limited number of leather bound copies will be produced for those who wish to have a very special volume for their library, these for $99.95. The book is arranged in 20 chapters, each of which is extensively illustrated... The contributors to the new book constitute a veritable Who’s Who in American Paper Money, providing hundreds of images of individual notes, vignettes, full sheets, and more. Never before has so much information and so many illustrations been combined in a single volume. Bowers, who has been studying the subject and keeping notes for several decades, draws primarily upon original bank documents, contemporary newspapers, state bank commission reports, and other contemporary information, bringing to light many interesting, indeed remarkable facts never before presented in a numismatic publication." "Concluding the book is a color gallery, “Treasures of the American Bank Note Company Archives,” illustrating and describing many of the bank note plates, vignettes, and other items that were sold in 2005 by the American Bank Note Company to John Albanese and Steve Blum, with many of the important items going to American Numismatic Rarities. The book, the work of years of research by Dave Bowers, would probably still be in the compilation stage were it not for the planned offering of American Note Bank Note Company plates and other items on the market, beginning later this year. This precipitated a drawing together of information, resulting in the book here announced." [I'm looking forward to seeing Dave's latest work. The book will be available through numismatic literature dealers later this year. For more information, see the Whitman web site: whitmanbooks.com -Editor] ANXIOUSLY AWAITED BOOKS: SO-CALLED DOLLARS, CHERRYPICKER's GUIDE Steve Pellegrini writes: "Last week in Coin World there was an article about the currently very hot 'so-Called-Dollar' series of U.S. commemorative medals. In the article the writer mentions that a new book about the series is in the works. Has there ever been a numismatic book which more needed to be written? The standard reference by Hibler and Kappen, as great as it is, came out in 1963 and is oh so woefully incomplete and out of date. I only hope this work won't be years making its debut. Speaking of delayed book debuts, has anybody heard any news that's new regarding Volume 2 of Fivaz and Stanton's 'Cherrypickers Guide To Rare Die Varities'? The last I heard the briars and brambles of tangled red tape that was holding up the book had recently been unwound and the book could be expected any day now. That update, also reported in Coin World, appeared many months ago. Still no book. My little vested interest in this book concerns one of the longest held group of coins in my collection. This is a run of Washington Quarter die varities. Some of these varieties were unlisted in the old 'Cherrypickers Guide' and will hopefully have made the grade in the new edition. I wait anxiously." FLORENCE SCHOOK 1917-2006 John and Nancy Wilson write: "We were informed of the passing of Past ANA President Florence Schook at the age of 88. Florence also served as President of the Central States Numismatic Society and Michigan State Numismatic Society. She served for many years on all three of these boards and advanced many educational programs, especially YN (Young Numismatists). Florence also had a great impact on the numismatic direction of these important organizations. We will always remember Florence for her tireless work while serving on the boards of the above three organizations. Nancy served with Florence on the ANA Board, and I served with her on the CSNS Board. This dynamic and hard working numismatist was the recipient of all the major awards of the aforementioned organizations. Florence will be greatly missed by her thousands of friends from all over the U. S., and World. She will be forever in our thoughts and memories. MSNS Exhibit Chairman Frank Passic provided information that at www.findagrave.com you can view a photo of Florence Schook, which was provided by Coin World and Beth Deisher." [Here's a shortcut to the Schook page: Schook page -Editor] David Ganz writes: "I knew Florence for many years and served with her for 10 years on the ANA Board. Although I was long out of the YN program when she became active (in the mid-1970's), we worked well together for the YN cause particularly in raising funds for YN projects. The Young Numismatist publication that I edited from about 1970 to 1976 pre-dates her but she was very supportive when others were not in moving it to the mainstream Numismatist publication. She influenced a number of today's hobby leaders including Scott Travers and Dwight Manley. She was a good friend with whom I enjoyed talking and exchanging holiday cards since our mutual retirement from the ANA Board." Scott Travers writes: "Florence Schook was one of the earliest and perhaps most important influences on my development as a collector, dealer and author. I first met Florence at a YN meeting and competition when I was 13. She immediately took me under her wing. Over the next few years she helped me to achieve my potential, culminating in 1978 when I was named “Outstanding Young Numismatist” by ANA. Florence created a platform that allowed me to develop skills as a numismatist, writer, speaker and exhibitor. She was an out-of-the-box thinker who encouraged independent expression. All of this training served as the foundation for success in later years in all of these areas. Even after completing my period as a YN, I continued to depend on Florence for excellent advice and guidanceand regarded her as a good friend. Florence Schook will be sorely missed." BOOK REVIEW: MILLION DOLLAR NICKELS A few months ago I ordered a copy of "Million Dollar Nickels: Mysteries of the Illicit Liberty Head Nickels Revealed", by Paul Montgomery, Mark Borckardt, and Ray Knight. I've been reading it off and on as time allows, and thought I'd write a short review. Published in 2005, the book chronicles the story of the famed nickels, culminating in the 2003 re-discovery of the long-lost fifth nickel owned by the family of George O. Walton. The book is a wonderful one-volume compendium of information on the coins, but it's not a mere reference book - it reads like a novel. I would recommend it to numismatists and interested non-collectors alike. Not unlike the tale of the famed 1933 Double Eagle, the story is replete with mysteries, shady characters, questionable stories, big money and big surprises. As a bibliophile I was delighted to see how well the authors documented their research. The book includes a six-page index and eight-page bibliography. In addition, there is a list of references following each chapter. Throughout the book appear illustrations of original source materials such as letters, telegrams, receipts, checks and handwritten notes by the likes of Eric Newman. Portraits of Newman and Burdette Johnson (who once owned all five of the nickels) are included, along with other owners including King Farouk, George Walton, Aubrey Bebee, J. V. McDermott, Dr. Conway Bolt, Louis Eliasberg, Dwight Manley, Reed Hawn, Abe Kosoff, Edwin Hydeman, Fred Olsen, James Kelly and others. The book even includes a photo of the elusive Samuel W. Brown, who introduced the coins to the hobby. It's hard to pick favorite chapters since I found something of interest in every one, but here are a few that stand out. Chapter 5, "The Mysterious Mr. Brown" sheds light on the man at the center of the coins' origin. Chapter Six, "The Set Period" covers the early days when the five known coins traded together as a set. The chapter includes a photo of the original black leather case that housed the nickels when Newman and Johnson acquired them from the Col. Green estate. Chapter 9, "The Clockwork Miracle" is a great behind-the-scenes account of the famous million-dollar offer for the missing fifth nickel and the pandemonium that broke out once the story hit the wires and the phones began ringing. In short, this one's a real keeper - one of the few numismatic books that make easy cover-to-cover reading. Many thanks to the authors for pulling together the threads of the tale into a great reference. As a kid, "The Fantastic 1804 Dollar" was the book that really fired my imagination about numismatic history and research. "Million Dollar Nickels" is a book that could do the same for a new generation of numismatists - every school library should have a copy. Published by Zyrus Press under license from Bowers and Merena Galleries, Inc., the book is 6" x 9" hardbound with a pictorial dust jacket, 369 pages, including over 100 black & white photos and color plates of the five specimens. For more information, see the publisher's web site: zyruspress.com [I should add that one thing I haven't been able to learn from the book is the answer to our recent question of who exhibited a 1913 Liberty Nickel at the 1957 American Numismatic Association convention. But that's a minor point, and perhaps something which could be addressed in a future edition. QUIZ QUESTION: The famous black leather case contained not just the five 1913 Liberty Nickels, but three other coins. What were they, and where are they now? -Editor] 1794 DOLLAR PEDIGREE INFORMATION SOUGHT W. David Perkins writes: "I would like to learn the buyer's name for a 1794 Silver Dollar, Lot 608 in New Netherlands Coin Company, Inc. Forty-Eighth Catalog of Rare Coins sale, November 21, 1956, page 30. This coin is plated in the sale catalog. This specimen, per the sale catalog, was pedigreed to the Chapman Earle sale in 1912, where it is also plated both obverse and reverse. The cataloger also notes that it was obtained by Mr. Clarke from Ira Reed. According to the unpublished Jack Collins 1794 Dollar manuscript, this specimen is ex. A. Bridgman (Chapman Bros., November 27-289, 1891:689 at $110.00). The manuscript states the coin went to "Kagins," thus one of the Kagin brothers (Art and / or Paul) may have acquired it in this sale. I would also like to learn if anyone has this specimen today, or knows where it is. Or if anyone has seen or heard of it since it was sold in this sale in 1956. At one time it had a "planchet defect (or damage) through the R in LIBERTY, extending from the border almost to the hair, where it curves left; adjustment marks between the third and fourth stars. Reverse with a serious edge dent above TE STATES; nick or scratch below the dentils above ME." It is possible this planchet defect was repaired after the 1956 auction sale." [Dave has offered to provide photos of this specimen to help identify it. Contact me at whomren@coinlibrary.com and I'll forward your request. -Editor] THE GREAT SILVER MELTMAKE THAT THE ‘BIG’ SILVER MELT The last two issues of E-Sylum have contained fascinating articles on the Silver Melt of 1980. It inspired me to reach for the book in my library on this Great Silver Melt. But it wasn’t there. I could see it in my mind. I know what it contained. It was a maroon paperback with silver lettering on the cover. (Must be in those three skids of books in the basement, as yet unpacked.) So I went on Abebooks.com to learn about it. I didn’t remember the author, but the name was "The Great Silver Melt." Zero hits. I finally found it. The title was incorrect. It was "The BIG Silver Melt"! The author was Henry A. Merton. Published 1983 by Macmillan. This book chronicled the events of the silver price run up and the unsuccessful attempt by the Hunt Brothers to corner silver. Of course there were some dramatic events after the book was published, like the auction sale of the Hunt’s notable ancient coin collection (and the ultimate sale of so much of their assets). I hope this book is the source of the story I have repeated often. The Hunts took possession of tons and tons of silver and wanted to get it to Europe. How? They flew their ranch hands (read gun-toting cowboys) to New York. Picked up the silver at a refinery in New Jersey. Drove it to Kennedy International with the ranch hands riding shotgun over all that silver. They oversaw it loaded onto a plane, climbed aboard and flew it off to Belgium, I believe. The shotgun delivery protected the other end, as well. Merton’s book is excellent; recommend for E-Sylum readers. There are five copies available on Abebooks. I’m looking forward to when Hollywood makes this book into a film. Can I play the part of Bunker Hunt? I promise I’ll put on some weight and practice my Texas drawl!" [I told Dick that I, too had a copy of Merton's book, but I lied. When I checked my library, what I thought was the Merton book was another small paperback titled "The Great Change Robbery: The Numismatic Nightmare" by Charles Diggins (1965). It doesn't begin "It was the best of times; it was the worst of times" -- that's another Charles Diggins. This one does include the phrase "Coin collectors are not stupid, greedy little people who try to bankrupt the economy." Turns out my book isn't about the 1980 silver runnup, but the one in the early 1960s that led to the removal of silver from circulating U.S. coinage. -Editor] MORE ON THE GREAT BIG SILVER MELT OF 1980 Tom DeLorey writes: "I asked my colleague, Dennis Forgue, who was working at this location when it was still Rarcoa back in 1980, what he thinks happened to the huge amounts of silver bought in here back then. He says that it was almost impossible to resell "junk silver" at the inflated levels, as the vast majority of people were selling silver and buying gold. At most they resold 5% of what was brought in, to speculators who thought it would run up some more. The rest was shipped to refiners in Europe, as the refiners in America were way backed up melting silver coins. Another consideration, raised by my colleague Bob Greenstein, is that dealers were throwing everything into bags to be melted back then, including common Proofs and Barber halves, and we never see bags like that being resold today, just common stuff that people sat on back then waiting for the top to come again. The spiked bags got melted." CORNELL's MAKING OF AMERICA WEB SITE Dave Ginsburg writes: "I may be the last person on the planet to have discovered this, but while doing some research on the Internet, I stumbled across the "Making of America" collection, which is a joint project of Cornell University and the University of Michigan to host a digitized collection of 19th century books and journals. You can reach it by going to http:cdl.library.cornell.edu for Cornell's digital collection and then scrolling down the page to the link. (The homepage for the Making of America collection has a link to the University of Michigan's collection). I found the collection when I was searching for an article in the January 1852 issue of The Democratic Review concerning the Mint (and why foreign gold coins were being exported instead of being recoined into American coins). From there I discovered that the collection was searchable. A simple boolean search (in Advanced Search) combining "United", "States" and "Mint" and limiting the time frame to 1815 to 1870 gave me over 500 hits! The first two were for articles in Harper's Monthly Magazine, which led me to a 13-page article on the New York Assay Office in the November 1861 issue. This article was the first part of a three-part series. The second was a 13-page article on the Philadelphia Mint in the December 1861 issue, while the third was a 20-page article on the American Bank Note Company in the February 1862 issue. Each article is profusely illustrated and minutely examines the working methods of each subject. I've only taken a brief look at the University of Michigan's collection, but I saw that they have DeBow's Review. The articles (at least the ones I've read) are in .gif format, so it's easy to copy each page and paste them into a Word document, which allows easy printing and electronic storage. What a great resource!" [We first discussed this web site in The E-Sylum back on April 30, 2000, but I'm sure Dave isn't the only researcher unaware of this resource. It's high time we revisited this site. Here's a link to the original article. -Editor] CORNELL's MAKING OF AMERICA WEB SITE esylum_v03n18a03.html Board member Larry Mitchell writes: "Among the best resources for ancillary coverage of 19th century American numismatic topics are the monographs and journals currently being digitized as part of Cornell University's MAKING OF AMERICA project. The almost 1,000,000 pages digitized to date are a treasure trove of information for numismatists. COLLECTORS URGED TO WRITE CONGRESS ABOUT THE LINCOLN CENT Regarding Dick Johnson's suggestions for the 2009 Lincoln cents, Howard Spindel writes: "I agree with Dick's comments that having versions of the 2009 cent in precious metals would be something special. When U.S. Mint personnel were in Portland for release of the Oregon quarter, I asked Gloria Eskridge (Associate Director, Sales and Marketing) why the annual silver proof sets couldn't include silver versions of the nickel and the cent, as it has always seemed strange to me that those coins remain in base metals in a *silver* proof set. Her answer was that the US Mint can not decide on its own the metallic content of any coin - it requires Congressional legislation. So, if anyone wants silver or gold 2009 cents, write your Congressman!" PERKINS BUILDING QUERY: DID IT MINT OR JUST PRINT? Regarding the Jacob Perkins building in Newburyport, MA, Dick Hanscom writes: "Just a minor correction. It is not the Newburyport Historical Society - it is the Historical Society of Old Newbury (in Newburyport, which used to be part of Newbury). Its building is the Cushing House Museum. And here's a question someone might be able to answer. We know the building was used as a workshop to print bank notes, but the local press refers to it as a "Mint". Is there anything to indicate that this building ever served as a mint - that is, to strike coins or medals. I know Perkins engraved some of the dies for the Mass. coinage, the Washington funeral medal and the "Born Virginia," but were they actually struck there?" [I was wondering that myself, but should know better than to assume any local historical society can get numismatic details straight. Can anyone help? -Editor] O. P. EKLUND, JOSEPH BARNET AND THE SECRET SERVICE GOLD FILES Len Augsberger writes: "While looking through the Secret Service gold investigation files in the National Archives, I came across a letter from 1941 regarding the activities of O.P. Eklund and Joseph Barnet, both American Numismatic Association officials at the time. It seems that Eklund managed to purchase, through an intermediary, one thousand dollars in gold coins at face value from a mentally ill elderly woman who was afraid she might get into trouble with the government for having them. The coins were then flipped to Barnet for a six hundred dollar profit, about the same value represented by the bullion in the coins. The U.S. attorney declined to prosecute, feeling that it was a legitimate numismatic transaction. The conclusion is curious given the facts of the case, especially since the coins were not sold at a premium to melt values. If anyone would like to pursue this further I would be happy to furnish a copy of the letter (written to Frank Wilson, chief of the Secret Service) in return for a self-addressed stamped envelope, just contact me at leonard_augsburger@hotmail.com." [I think this investigation was mentioned in one of the books on the 1933 Double Eagle, but I'm not sure and haven't checked the indexes. -Editor] NOTES ON THE DOUBLE-EDGED SWORD OF LIBRARY RESEARCH Regarding the "double-edged sword of library research" one reader writes: " I recall a similar debacle in the field of fine arts. Please understand this is all from memory. I may not have all the facts straight. Here's how I remember it: At some point during the 1990's, the art world became aware of a scam that had taken place primarily in Europe. A forger or a confederate of a forger would pretend to be a researcher and would obtain access to archives used by art historians and authenticators. These archives contain, among other things, detailed descriptions of very valuable paintings whose current location is unknown. As you might expect, with the dislocation of art treasures that resulted from the looting and destruction that occurred during the Second World War, there are many art works which were formerly in European collections that are now considered lost. The forger and his researcher accomplice would focus on a particular piece of art that might be forged. All pertinent details for this painting would be retrieved from the archive. The forger would then spend many months creating a painting that might fool the art establishment. The forger would attempt to mimic the style of the original artist, all the while being consistent with the information obtained from the archive. When the painting was consigned to a gallery or an auction, someone was hired to research it's provenance. As you might expect, the same archive that was referenced by the forger and his partner was now accessed by the authenticator. Since the forgery was tailored to match these records, the authenticator's report typically confirmed that the painting was genuine. As I recall, by the time this scam was discovered, several very expensive works that were later revealed to be forgeries had been sold at major galleries and/or auction houses. This was one of the biggest scandals in the art world during the 1990's." Fred Holabird writes: "Comments made recently regarding library research, particularly those made by the Editor on Hoffman (the famous Utah documents forger), are extremely important. Just like everything else, one has to know how to use their tools, and many researchers don't know how to use these tools properly. Library research is a critically important tool in understanding and unraveling certain parts of history. But it isn't the answer all the time. Just because there is a directory listing for a specific business does not mean an article in question is real or fake. It simply means that there is evidence to support that such a thing could be real. Too often a direct bridge is made in the association of certain aspects of historical research and authenticity. For example, we recently examined an old (circa 1625) oil painting in a private collection. The "original" was reported in a European museum. Upon further detailed research in original archival material, it was found undeniably that the artist had painted this portrait at least 4 times for other "sponsors." Did this mean that the painting in question was real, but was a copy by the same artist? No. It meant that it could be. In this case, we let science be our guide, and dated the canvas using the latest C14 methodology at an outside lab, and found the canvas to date to the early 1800's. The original, and the original copies, were painted in about 1625. This example is a nineteenth century copy. In ingots, we have had the same thing happen. A clever (or humorously artistic) person picked a mine name and made an ingot for it. I used several examples in one of my articles, particularly a group from Colorado, such as "the so-and-so Mining Co," Typically, as pointed out by many, including Kleeberg and Buttrey, some of these bad mining company dore bars have silly things punched in them such as "999 fine". Few mining companies that I am aware of have refined bullion historically, until modern times (generally 1970's onward, with exceptions). The research here showed the maker had quite an imagination, using the wrong metal produced (silver rather than gold), placing a high fineness on the ingot (.999), etc. The worst of these, by far, are the silver Wells Fargo bars that show up on ebay regularly, and seem to sell for hundreds of dollars each. In another case (three, actually), the original ingot punch for Harris, now in a museum collection, was used to create at least three different silver ingots in modern times. The modern ingot "artist" failed to follow the industry protocols, and marked the ingots incorrectly. To me at least, they are bad fakes. But to the market, they might appear genuine. Others of similar "construction" certainly exist. One very important part of our current work is developing a detailed database using ICP 50-60 element, with multi-metal isotopes from original high grade (native metal) ore specimens from specific site localities. In this manner, we have directly compared specific gold and silver specimens from specific mines to assayer bars from nearby districts. This important work has already produced excellent results, but is far from complete. Inherent problems exist, such as the certainty of a specific native gold or silver specimen actually coming from the mine on the specimen label. To safeguard against this, specimens have been acquired from mine owners, working geologists who collected on site, and a few select museums who have older collections with verified material. The initial findings from this database are that significant differences exist on an atomic level between major mining districts that are separated on the earth's crust by significant distances. In example, most Colorado placer gold from the 1860's districts differs significantly from most Mother Lode California placer gold. The same holds true for Georgia. We have yet to test southern California gold regions, or Oregon, Washington, and Montana regions. There is a long way to go, and the testing is relatively inexpensive, but we lack a funding mechanism for the thousands of samples that need to be run to build the quality of data base needed." NEW ZEALAND MINT A PRIVATE COMPANY Regarding last week's mention of the New Zealand Mint, Martin Purdy writes: "I occasionally get enquiries from overseas about this entity - it might pay to note that it is a private company that is doing well for itself, having scored a few overseas contracts, but is not an "official" NZ government entity. The name makes me a little uneasy for that reason!" THE 1960 SMALL DATE LINCOLN CENT INSANITY Barry Jablon writes: "My five year career of working for the Friedbergs in Philly and Baltimore was not limited to sales and making purchases. We spent a lot of time talking to people about coins and trying to get them into the hobby. I loved the interaction with the customers. However, there was a period of time, I think it was about two or three weeks, which really tried all of our patience. After forty-eight years, I do not recall exactly what month it was. But, shortly after the 1960 pennies were issued by the mint, television news shows and newspaper articles were filled with news about "Small Date" cents being worth from .50 to $1.00 each. The problem was that to most people, all of their 1960 cents had small dates. They either didn't want to understand what a Small Date cent was or they already had all of the money spent which Gimbel's was going to pay them for their bags of pennies. >From the first thing in the morning until the store closed at night, the counter was lined with people wanting to sell their pennies. When Mr. Kraus and I would go for dinner at the store cafeteria, they would come to our table with their pennies. Merchants in the neighborhood knew we were the coin guys and they would bring their pennies to us for our examination. I'm not making any of this up, I was even questioned about small date values while I was at the urinal in the Gimbel's Men's Room. Mr. Kraus, who had little patience for what he called the "hole filling American collectors" used to stay in the stock room when he saw people coming to the counter with bags of pennies. I usually got the job of telling people we were not interested in their pennies and watching them get angry and tell me off. Mr. Kraus blamed local coin dealer Harry Forman for the "Small Date" insanity. I don't know if this is true or not. I do know that this period was about the only time I ever wanted out of the coin business." LEGISLATION TO PUNISH FRAUDULENT MEDAL OF HONOR CLAIMS Arthur Shippee noted the following Associated Press story from Monday's New York Times regarding stepped-up efforts to protect the integrity of the Medal of Honor and other U.S. military medals. "A proliferation of people who falsely claim to have won military medals is prompting calls for tougher laws to punish the impostors. The Congressional Medal of Honor Foundation reports that there are 113 living recipients of the award, the nation's highest military honor, but an F.B.I. agent who tracks the fakes says impostors outnumber the real winners." "Anyone convicted of fraudulently wearing the Medal of Honor could face up to a year in prison and a $100,000 fine. But there is no similar penalty for wearing other medals. The Congressional Medal of Honor Foundation and other veterans groups are looking to change that, enlisting the help of Representative John Salazar, Democrat of Colorado. Mr. Salazar is sponsoring legislation that would penalize distributors of phony medals and those who pretend to be decorated veterans." "Mr. Cottone said he recovered two fake Medals of Honor at a New Jersey gun show. Both were made by HLI Lordship Industries, a former government contractor for the medal. The company, based in Hauppauge, N.Y., was fined $80,000 in 1996 and placed on probation after admitting that 300 fakes were sold in the early 1990's for $75 each." To read the complete story, see: Full Story UNIQUE, SEMI-UNIQUE, QUASI-UNIQUE, WANNABE-UNIQUE AND REALLY, REALLY U-NEEK Bob Leonard writes: "I'm sure I won't be the only one to comment on this item from some journalist at FOX News: "Manning put the rarest and most unique items in the U.N. archive up for auction once again..." Some people have criticized numismatic catalogers for using the term "semi-unique," for pieces of which only two are known. But now it seems we have several degrees of "uniqueness," most unique, slightly unique, only a little bit unique, rarest, merely rare, etc. Where will it stop?" [So far, Bob's comment is unique. And this issue of The E-Sylum is too, being the only one issued this week. -Editor] QUIZ ANSWER: ARCHER HUNTINGTON's WEALTH One reader writes: "In response to the question posed in last week's E-Sylum, I don't actually know the source of the Huntington's wealth, but I would guess that Huntington may have been a descendant or other relation of C.P. Huntington. As I recall, C.P. was the founder of the Southern Pacific Railroad, and a pillar of 19th century California society. I believe there is a magnificent library in Pasadena which was founded and funded by this family. It contains numerous treasures, such as a Gutenberg Bible." Rich Jewell writes: "Archer M. Huntington's wealth came from railroads, steamship lines and shipbuilding. David T. Alexander has an excellent article the June issue of Coinage magazine regarding Archer Huntington's life, his interest in numismatics, things Hispanic and much, much more." [Jeff Reichenberger pointed out this article as well. Archer Huntington (1870-1955), was the adopted child of Collis Huntington, a founder of Southern Pacific. As C.P.'s only heir, Archer inherited a massive fortune. Here's a link to Huntington's biography on the ANS website: HuntingtonBio.htm The ANS biography refers to C.P. as Archer's stepfather - Archer's mother was C.P.'s second wife. But was there a biological connection? One researcher writes: "The identity of Archer's father is controversial. Based on what evidence I've found, so far, he appears to be the love child of Arabella and C.P. HUNTINGTON, a product of his 15-year affair with Arabella while he was still married to his first wife (and she to her first husband). After the death of C.P.'s first wife, C.P. married Arabella and adopted her (now teenage) son. Before C.P. and Arabella were married, she maintained that Archer's father was her first husband, John WORSHAM. But was Archer really John's son?" Full Story Regardless, we numismatists can be very thankful for Archer's inheritance, generosity and good taste. -Editor] POST OFFICE MULLS "FOREVER STAMP" ISSUE The Associated Press published an article on Wednesday about the U.S. Postal Service's proposed "forever stamp". "How about this for a hedge against inflationa postage stamp that stays valid for mailing a letter no matter how much rates may go up. The Postal Service's governing board is considering issuing the "forever" stamp and seeking an increase of 3 cents in the first-class rate probably to take effect in the spring of 2007." "The forever stamp would help soften the blow of a rate increase by allowing customers to stock up. As originally proposed it would sell for the first class rate and, once purchased, the special stamp would remain valid for whatever the first-class rate is when it is used, regardless of future increases." To read the complete article, see: Full Story [Sure, the U.S. Postal Service will never go out of business. It'll always be there, like Social Security. And what happens when counterfeiters learn how to make cost-effective perfect copies of the old "forever" stamps when new technology arrives on the scene? -Editor] WASHINGTON STATE CHOOSES LEAPING SALMON DESIGN FOR QUARTER "Gov. Chris Gregoire stuck with the people's choice for the flip side of Washington state's commemorative quarter on Thursday, but the selection left the state's famed apple growers feeling a bit bruised. Gregoire unveiled an oversized version of the design - a lively looking salmon leaping in front of a conifer-trimmed Mount Rainier - to a chorus of "Ohhhhhh" and applause from students at Olympia's Centennial Elementary School. The first-term Democrat said she felt the image, also the favorite in an online opinion poll, was the best showcase for two of the state's most notable symbols. It also incorporates "The Evergreen State" as a slogan. "I think it's important that we have something natural. We are really a state that thinks much of our natural heritage," Gregoire said." "Symbolic issues aside, the winning choice also avoided being too "busy," a fate that has befallen some other state quarters that tried to cram too many symbols onto a small surface, Gregoire said." "The leaping salmon design won the second round of voting with 45 percent of the tally, while about 40 percent favored the images of apples, Mount Rainier and a salmon within an outline of the state. The third choice was an Indian-style drawing of a killer whale." To read the complete story, see: Full Story VIETNAM ISSUES POLYMER NOTES "The State Bank of Vietnam (SBV) will issue VND20,000 polymer notes into circulation from May 17, 2006. The existing cotton VND20,000 notes will continue to circulate concurrently. The polymer VND20,000 note is 136mm x 65mm, and the dominant colour remains dark blue. The words Cong hoa xa hoi chu nghia Viet nam (Socialist Republic of Vietnam) appear on one side of the note, alongside the national coat of arms, a portrait of President Ho Chi Minh, and the nominal value of the note (VND20,000 in both numerals and in words)." "Nguyen Chi Thanh, Head of the Vault and Treasury Department under the SBV said that the central bank submitted to the Government the plan to issue polymer notes with the face value of VND10,000 and VND20,000 in April. The plan was approved by the Government in decision No 647 dated April 24." "Mr Thanh revealed that the central bank will introduce the set of Vietnamese currencies (including polymer and coins) in the near future. SBV will no longer issue notes of value less than VND10,000, as these denominations will be replaced by coins." To read the complete article (and view images of the notes) see: Full Story [I checked with our Vietnam expert, Howard Daniel, and he writes: "You might add that the back design has the Japanese Bridge in Hoi An, and that the 10,000 Dong polymer note was not issued because too many were printed for the lunar new year (Tet) and not enough were withdrawn from the banks as gifts to children. So it will be issued later in the year. There are also 200,000 and 1,000,000 Dong polymer notes to be issued in the next year or so." VIETNAM PRESENTS COIN BOOK TO DIGNITARIES "The Vietnamese government will present a book on the country’s ancient coins as a souvenir to leaders attending the APEC Summit in Hanoi next November. Kho Bau Tien Co Dai Viet (The Ancient Coins of Great Viet) is about a collection of old coins dating back 1,000 years. Described as the most precious in Vietnam, it includes coins made during the time of King Dinh (968-980), later by the Tien Le, Ly, Tran, Le, Ho, Le So, and Mac kings, and up to the last dynasty, the Nguyen, which reigned from 1802 to 1945. The collection includes priceless coins found nowhere else, like the Dai Tri Nguyen Bao and Dai Tri Thong Bao cast during the reign of King Tran Du Tong (1358-1369), and Chieu Dao Nguyen Bao and Chieu Bao Vuong Nha cast by Tran Ich Tac who was a puppet ruler under the Chinese Nguyen invaders in the 8th century. The coin collection was catalogued by the Museum of Vietnamese History with assistance from experts from the Guangxi Ancient Coins Museum in China." To read the complete article, see: Full Story Howard Daniel adds: "This must be the reference I bought during my last trip that was done by the National Museum in Hanoi and a Museum in South China. It is oversized and would be an impressive book to give to a non-numismatist -- only 700 were printed." NEWSPAPER SOLICITS HAWAII STATE QUARTER DESIGNS A Sunday April 30 article in the Honolulu Star-Bulletin features winners of the paper's design competition for Hawaii's new state quarter. "The public has spoken in this latest round of Star-Bulletin State Quarter contests, and the clear favorite was -- drumroll, or maybe the sound of a slot machine making ka-ching -- Kaneohe artist Wayne Takazono's rendition of the King Kamehameha statue, gesturing across a splash of islands. Simple, clean, appropriate, elegant, recognizable." "I worked up sketches for lots of designs and actually drew up a dozen or so before settling on King Kamehameha," said Takazono. "All sorts of Hawaii icons, like Diamond Head, hula girls, nene, surfing. I read up and asked opinions. Iolani Palace, for example, sounds good, but as a design, it's boring." In the end he went with gut instinct. "The representation of Kamehameha in the statue is an icon of Hawaii. It's not only a natural, it has real power, a reference that people can accept on the obverse side of a coin from Washington." To read the complete article, see: Full Story ANOTHER ALMOND DELIGHT FAN SURFACES Gene Hessler writes: "I, too, have an empty Almond Delight cereal box. I was the coordinator of that program and selected the notes that were included. In addition to my fee, I was given at least 12 sets of unfolded notes, and some sheets which I gave to friends and relatives." [I didn't know Gene was involved with the program, but the company made a superb choice. It was a great selection of reprinted notes. -Editor] FEATURED WEB PAGE: HAWAII AND ITS COINAGE This week's featured web page is an article by James C. Johnston Jr. from the October 2004 issue of the Journal of Antiques and Collectibles on "Hawaii and It’s Coinage" It's not so much about the coinage but the author's quest to build a type collection of Hawaiian coinage as a youth. "Hawaii has always been an exciting place in my imagination. When I was a pre-teen, I was collecting coins, stamps, and old books. In those days, there seemed to be rare stuff all over the place. I would dig through piles of old books and came up with treasure after treasure for 10¢. By the time I was 12, I often could spend as much as $5 or $10 for a coin, stamps, or a book. For me, the trio was a natural to collect. I found A New Voyage, Round the World In the Years 1768, 1769, 1770, and 1771 Undertaken by Order of His Present Majesty, Performed by James Cook, In the Ship Endeavour. The title goes on, but the really rare thing about this book is not only the subject matter, but the fact that it was printed in New York by James Rivington in 1774. Books printed in America before the Revolution are rare, and this subject was very popular." Featured Web Site 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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