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Welcome to The E-Sylum: Volume 9, Number 31, July 30, 2006: an electronic publication of the Numismatic Bibliomania Society. Copyright (c) 2006, The Numismatic Bibliomania Society. WAYNE's WORDS Among our recent subscribers are Jeff Karp, Norman Carnovale, Jeremy Bostwick and Alan Roy. Welcome aboard! We now have 951 subscribers. We've got another whopper issue this week, folks. No particular reason, just a lot of things going on. First, we have information on the latest Asylum issue and news of events at the upcoming ANA convention. Guess what coins are making a trip from Ft. Knox to Denver? Next we have some follow-up information on several earlier topics, including Schimmel Food Stamp Change Newsletter, Japanese Invasion Currency references, bookplates, and the use of canaries to detect cyanide fumes at the Bureau of Engraving and printing. Die engraver Ken Douglas joins in on our discussion of engraving techniques. Under new topics, Dick Johnson reviews a History Channel program on the symbolism of the U.S. Dollar bill, I contributed a new review of an old book, David W. Lange's "The Complete Guide to Lincoln Cents", and David gives us an update on his revised Buffalo Nickel book. In numismatic literature news, the ANA librarian nabbed a book desecrator, and the culprit has confessed! To find out who it was, read on. Have a great week, everyone! Wayne Homren Numismatic Bibliomania Society LATEST ASYLUM ISSUE HITS THE STREETS The latest issue of our print journal, The Asylum (Volume XXIV, No. 1), has been hitting the mailboxes of Numismatic Bibliomania Society members. Although The E-Sylum is free to all, only members receive the printed Asylum. That distinguished-looking gentleman on the cover is not numismatic literature dealer George Kolbe, but rather Joseph Florimond Loubat, the subject of NBS President Pete Smith's cover article. Born in France in 1831, he authored on of the great works of American numismatic literature, "Medallic History of the United States of America 1776-1876" (New York, 1878). The second feature article by David Gladfelter is "Coinage on Postcards: The Cambist's Glorious Last Hurrah". This is the second part of the well-illustrated article, which began in the previous issue. Remember, these articles are ONLY available in the printed Asylum. To join NBS, see the informant at the bottom of every E-Sylum issue, which I'll repeat here: There is a membership application available on the web site at this address: club_nbs_member_app.html To join, print the application and return it with your check to the address printed on the application. Membership is only $15 to addresses in the U.S., $20 elsewhere. NBS EVENTS AT THE DENVER ANA WORLD's FAIR OF MONEY NBS President Pete Smith writes: "The August issue of Numismatist shows an incorrect time for the Numismatic Bibliomania Society Symposium. This is still scheduled for 11:30 am on Thursday, August 17. Our general meeting will be the following day at the same time. If you will be in Denver for the convention, plan to attend both NBS events." IZZY SWITT's SIEZED 1933 DOUBLE EAGLES ON DISPLAY The Associated Press reported that the "Ten recently recovered "double eagle" gold coins from 1933, among the rarest and most valuable coins in the world, will go on public display next month for the first time. The coins will be on view Aug. 16-19 at the American Numismatic Association's World's Fair of Money convention in Denver." "The Mint has said that the 10 coins going on display in Denver had been taken from the Philadelphia Mint "in an unlawful manner" in the mid-1930s. Joan Langbord found the coins among the possessions of her deceased father, longtime Philadelphia jeweler Israel Switt. Her attorney, Barry H. Berke, has previously said the Mint improperly seized the coins when his client turned them over to the Mint to have them authenticated." To read the complete article, see: Full Story RAY WILLIAMS ON THE FIRST ANS NUMISMATIC CONVERSATION On Friday Ray Williams posted a write-up to the Colonial Coins group about the "Numismatic Conversations" event held earlier this week at the American Numismatic Society in New York. He writes: "On Wednesday I spent many enjoyable hours at ANS in NYC. The first of many Numismatic Conversations was held, this one concentrating on Connecticut Coppers. This is how it functioned: An invitation was sent out to the numismatic community to attend this event in person. There were about 30 or 40 present. Robert Hoge (ANS Curator of North American Coins and Currency) had about 30 representative CT Coppers from the ANS collection for display and discussion. These coins were projected on a screen using a camera and a LCD projector. It was an enjoyable evening of sharing information and seeing many friends. One attendee brought a unique variety of CT Copper to share with us. What was occurring behind the scene is a landmark event. The video projection of the coins, and a second video of the attendees were fed to a web site. In real-time, the observers online could see what was happening at the event. There was a teleconference also in use, where through the use of a speaker phone system, several CT Copper specialists from around the country participated in the discussion. This evening was a technological experiment which worked quite well. I applaud the ANS in this effort to bring numismatics to the numismatist! With just a little fine tuning, I feel this type of forum can be implemented online for the general public in the near future. It was fun being present for the initial trial and experimenting... sort of like being an observer of the first flight at Kitty Hawk, or being present at the First NJ Copper Symposium." SCHIMMEL FOOD STAMP CHANGE NEWSLETTER Last week Rod Charleton II asked "how many issues of the Food Stamp Change Newsletter were published by Jerry F. Schimmel during the 1980's?" Duane H. Feisel was able to put Rod directly in touch with Jerry Schimmel. Duane collaborated with Jerry on "California Food Stamp Credit Tokens 1939 - 1979 Including Nevada Food Stamp Tokens", a wire bound, 8½ x 11 card covered publication. David Gladfelter adds: "Jerry Schimmel laid this periodical down in 1984 after publishing 17 issues and 3 supplements (Iowa, New Jersey and New York). He may be able to supply copies. Write to him at P. O. Box 40888, San Francisco, CA. 94140." Bob Lyall writes: "I just checked on the one copy of Food Stamp Change that I have, it is the one on the Virgin Islands tokens which I co-authored and find it is #13, so I emailed Jerry Schimmel to ask him and he tells me he published 17 issues. He thinks he has some spare copies but isn't too sure just where they are. But he could be reached at jschim40@sbcglobal.net." Ron Benice writes: "Rod may be interested in an article I wrote, Alaska Food Stamp Tokens, which appeared in the April 1988 issue of the TAMS Journal. Besides listing 313 items, it has a summary of early researchers and manufacturers, including the information on Schimmel's publication." Rod writes: "Outstanding!! I couldn't be happier. I received three replies and one was from Jerry Schimmel himself. I look forward to The E-Sylum every week and all the interesting articles and questions. More people should be using this valuable tool in my opinion. Thanks for including my question." JAPANESE INVASION MONEY REFERENCES Web site visitor Marcelo Pitta of Brazil asked about books on Japanese Invasion Money. Ken Berger writes: "Another book on Japanese Invasion Money is: Banyai, R.A.1974. Money and Banking in China and Southeast Asia During the Japanese Military Occupation, 1937 - 1945. Taipei, R.O.C.: Tai Wan Enterprises Co., Ltd. 150p. It is divided into three parts: 1) Money and Banking in China During the Japanese Military Occupation, 1937 to 1945 2) Money and Banking in Southeast Asia During the Japanese Military Occupation, 1941 to 1945 3) A Legal Analysis of Military Occupation and the Issue of Military Currency, with Relevant Cases The book also lists ten pages of references." Steve Huber writes: "Mr. Pitta may also be interested in "An Illustrated Catalogue of the Finance and Currencies of the Puppet Regimes in China under the Japanese -- Manchukuo Volume" by Wong Hon Sum. In the back, it indicates there is a volume on Malaya and Singapore as well. The book is bilingual -- Chinese and English -- with great photography and interesting side items (like matchbook covers covering the Japanese relationship with Manchuria)." MORE ON BOOKS WITH NUMISMATIC INSERTS Dennis Tucker of Whitman Publishing writes: "On the subject of books with numismatic inserts, Whitman has published two versions of Arthur Friedberg's Coins of the Bible. One features three replica coins inserted in the hard cover (a Tribute Penny, a gold daric of Persia, and a Widow's Mite). The other version has those three, plus replicas of the shekel and half shekel of Tyre, and a lepton. Later this year we'll publish Money of the American Civil War, which includes three replica coins inserted in the cover." Dave Lange writes: "When the first edition of my Buffalo Nickel book was published in 1992, I had prepared six copies in leather with two nickels each mounted in the front cover to display obverse and reverse. These were then covered with one half of a Kointain to protect them. I still have one copy, and I know of only one that has been offered for sale since being purchased by the original owner. This was Armand Champa's copy, which was sold with the rest of his library by Bowers & Merena." THE ART OF THE BOOKPLATE Mark Tomasko writes: "On the subject of bookplates, I may have suggestions as to where someone seriously interested can get a bookplate engraved and printed - contact me at mntomasko@att.net. I personally have never been interested in having my own bookplate despite my interest in engraving and acquaintance with bank note engravers because too many bookplates end up defacing the book. A small, well-done bookplate could be a nice item, however. Related to my interest in documenting bank note engraving, I have quite a few bookplates done by American Bank Note. Some are clearly "favor" items done for ABN executives or executives of clients, and in one case, for the child of an ABN officer." Allan Davisson writes: "I was set to respond to the query about bookplates and pulled down my copy of Keenan's work (ART OF THE BOOKPLATE, a great little book!) Then I went to the web sites you listed and found that you and George Kolbe had already covered all the other points I had intended to raise. (By the way, I agree absolutely with George about embossers and books. To me, it is akin to etching your name on the surface of your coins.) My own problem with a personal bookplate is sorting out the difference between pride and vanity. Some of my books have unappealing bookplates from people I do not recognize. Others once belonged to famous collectors. I have carefully removed some of the bookplates that lack both aesthetic appeal and important provenance, but not everyone is careful to use nonpermanent glue. Despite having developed some designs, I still have not decided whether to do a bookplate myself. As long as we are talking about personal marks on libraries, I am more interested in binding styles. I follow a few special design characteristics with the books I have bound for my own library. I have one leather bound book I treasure highly that was bound for me by Basil Demetriadi's binder in the style of Basil's books. Back when books were issued in publisher's boards buyers had them bound after purchase and distinctive styles were the norm. There is the specialized artistic field of book arts that could well be more evident in numismatic publication. I have a few publications on my shelves that display a style and beauty in binding that provides the double satisfaction of having a well produced reference in a particularly pleasing format. The Gulbenkian Greek volumes and the Bird and Bull Press work on booksellers' tokens are good examples. It seems to me generally that the current focus is on dust jackets rather than high quality bindings, particularly in the general book press. Dust jackets are relatively inexpensive to produce and can be attractive on their own, particularly when printed on heavy paper with folded edges at the top and bottom. But a dust jacket is not a substitute for a well bound book with sewn binding and high quality cloth. Looking through my shelves I spotted two of George Kolbe's publications, His 1999 publication of John Adams' work on Indian Peace Medals and his 2001 publication ILLUSTRIUM IMAGINES, A Leaf Book are outstanding examples of books published with fine attention to books as art as well as information." [QUICK QUIZ: Just who is Basil Demetriadi? Longtime E-Sylum readers might know - his name has popped up before. It's OK to consult the E-Sylum archive, as long as you 'fess up. -Editor] REVIEW: LANGE's COMPLETE GUIDE TO LINCOLN CENTS This week I've been taking a look at David W. Lange's "The Complete Guide to Lincoln Cents", specifically the softcovered 2005 third printing from Zyrus Press. Note that this is a third PRINTING, not a third EDITION - the latest cent covered is 1995. I checked with Dave and he writes: "Although this is the third printing for Zyrus Press, it is actually the fifth printing altogether, Bowers & Merena having done two distinctive printings. The first had a pink cover, the second a scarlet one, and the cover designs were quite different. The Zyrus printings have black covers, either matte (first) or glossy (later ones), and these have a single cover design that is radically different (and much better, in my opinion) than either of the B&M printings. There have been a few minor improvements in some of the illustrations since the first printing, but the changes do not warrant describing the later books as new editions." The publisher's summary describes the book as "... the most comprehensive book on Lincoln Cents, and the only book to cover all aspects of the Lincoln cent series with thorough listings from the first Lincoln cent of 1909 through the famous 1995 doubled-die. The book features a complete history of the Lincoln cent with research of events leading up to the production of the Lincoln cent, the engraver and mint officials who designed it, as well as a biography of Abraham Lincoln. Every date and mint is illustrated and analyzed. An individual chapter is dedicated to proof and mint issues, rare Lincoln cent errors and patterns. A chapter on counterfeit and altered coins helps collectors spot forgeries, and provides guidance on how to detect them. The text also includes chapters on how to grade and the best strategies for how to collect Lincoln cents." zyruspress.com As a bibliophile, I have a hard time simply reading any book like a normal person. Abnormal freak that I am, I gravitate toward the notes and bibliography very quickly. Where did the author GET all this stuff from? Is he making it all up? Well, if Dave's making it all up he's done a convincing job. Every chapter has a detailed set of notes documenting his sources. For example, chapter eight has 52 notes and chapter seven alone has 243! I like it already - this is my kind of book. If I want to retrace Dave's steps and review the source material, it's a snap. 1928 Mint Report? Grab it off the shelf. March 1957 Numismatist? Stand on A chair and pull down that volume. What fun! The book rewards the careful reader with a trove of important and interesting information about the series. Here's a sampling: In 1974 Mint Director Mary Brooks issued a statement regarding the cent shortage, reporting that "For every $25 worth of pennies cashed in at a bank, the Treasury and Mint are prepared to issue a Treasury Department Certificate to the individual or group responsible." [Does anyone have one of these? One is pictured on p25, courtesy of Numismatic News.] With today's highfaluting precision computer and manufacturing technology, the Mint's reported production figures are 100% accurate, right? Forget it! (this is the government, remember?) "... as a consequence of the many packaging options and an ordering period which typically extends into the early months of the following calendar year ... the published figures since the mid 1980s must not be taken too literally." (p295) The Matte Proofs of 1909-1916 - how were they made? Well, we don’t exactly know, but the available facts are neatly summarized (p295-296) The 1955 proof set packaging changeover in April or May of that year. Did you know that these sets were issued in BOTH the boxed format of 1950-1954 AND the flat-pack format? (p325) The 1964 Experimental cent, a possible prototype for the 1965 Special Mint Set. (p334) 1972 cents are a favorite of the crew of the aircraft carrier U.S.S. Abraham Lincoln, because its hull number is CVA-72. A bit far afield from numismatics, but a fun fact regardless (p250). As a nitpicky editor I have a pleasure/pain relationship with typos - I hate to see them in print, but love to pat myself on the back for finding them. I found only a very few in my reading of Dave's book. He even got things like Harry X Boosel's name right (p291). [QUIZ QUESTION: What was Harry famous for collecting, and what does the X stand for?] The early chapters of the book are just as filled with interesting facts and photos on topics such as "the Infamous General Motors Roller Press (p49-50) and pattern and experimental coins (or the lack thereof, actually): The Lincoln cent is one of a very few coin types from 1850-1916 which are not known in pattern form (p44). [Why not? Read the book to find out, silly!] The page of major hub type photos is a great reference (p53), reminding me of the day I took my first real look at a Washington Quarter in years and thought - what the HECK did they DO to his HAIR??? Old George had developed spaghetti head. The hub changes on the Lincoln Cent were much more subtle, thankfully. In summary, this is absolutely one book that ought to be on the shelf of every U.S. numismatist, and one that deserves a careful read. That goes double for those of you (ok, those of US) who thought they already knew most of this stuff. LANGE's COMPLETE GUIDE TO BUFFALO NICKELS FORTHCOMING Speaking of Dave Lange, a regular E-Sylum contributor, I checked with him on his latest book, and he writes: "I'm told that the new edition of The Complete Guide to Buffalo Nickels is supposed to arrive from the printer July 31, so I hope to have at least one copy at the ANA Convention. The new edition features more variety listings and illustrations, as well as updated certified population data and values. The history chapter has been enhanced with information and documents generously shared by Roger Burdette from the upcoming third volume of his landmark trilogy, Renaissance of American Coinage." REVIEW: HISTORY CHANNEL's SECRETS OF THE DOLLAR BILL The History Channel broadcast an hour show "Secrets of the Dollar Bill" in its Decoding the Past Series this week. I viewed this Thursday night (it was also rebroadcast Saturday July 29th as well). The current dollar bill is loaded with images. Do some of these symbols reveal secret messages? The secrets revolve around Masonic symbols. Conspiracy theorists claim this is the work of an underground secret organization of elite men that are seeking world domination at some time in the future. Masonic officials deny this, of course, but a lot of the evidence -- on the dollar bill itself -- tend to support this. The Great Seal of the United States, shown on the reverse of the dollar bill, is the source of much of this symbolism. On the obverse of the Great Seal is the eagle, our national symbol. This is shown on the right of the $1 bill. The eagle is holding 13 arrows in his talon, there are other objects 13 in number: leaves on the branch in the eagle’s other talon, bars & stripes on the shield, and stars above within the wreath. They claim 13 is a mystical number of the Masons. The number of feathers is also significant, 32 on the left, 33 on the right. Masons have 32nd degree and 33rd degree levels of study. The reverse of the Great Seal, shown on the left of the bill, has the unfinished pyramid with the all-seeing eye above and the 1776 founding date in Roman numerals below, all Masonic symbols. The film traces the origin of the Great Seal, it required three committees of our founding fathers to designed the Great Seal, each had their own artist. George Washington, Benjamin Franklin, and Paul RevereMasons allwere on the first committee. Of course they had to mention that Franklin wanted the turkey to be the national bird, not the eagle. Francis Hopkinson, of the third committee accomplished the final task. He incorporated the pyramid (since he had previously employed it with success on a $50 Connecticut colonial note!). In 1935 the design of our current dollar bill was chosen by Franklin D. Roosevelt, his VP Henry Wallace insisted the Great Seal appear on the reverse. The conspiracy theorists note both of these men were Masons as the mystery still continues. Authorities on both sides of the debate were quoted on the program: Robert Hergnimus, Paul Claussen, Ralph Epperson, Robert Mastelson, Simon Cox, Andy Burr. Brent Morris was the leading spokesman for the Masons. Most significant was the shape of the stars above the eagle in the seal. If a line is drawn through all it forms a six sided star. If this is superimposed over the reverse design five of the six points indicate a letter in the legend above and below. The letters form an anagram for the word MASON. That’s more than coincidence, it seems. Numismatic book collectors must recognize that videos and DVDs are modern versions of the printed book and should be included in their libraries. (Granted, I am prejudiced, having written a video on making medals!) The History Channel is offering this hour-long program as a DVD for $24.95. Go to their website and click on "Store." Delivery is scheduled for September first." THOMAS ELDER SALE #280 CATALOG SOUGHT W. David Perkins writes: "Does anyone have a copy of the April 1-3, 1937 Thomas Elder Sale #280 catalog? The ANA Library does not have a copy of this sale. I am looking for information on a few lots that I acquired: for example Lots 2042 & 2052. The lots that I am interested in are medals and / or So-Called Dollars. These may have been group lots. I'm also interested to learn if there was any "descriptive" introduction to this sale or these items. I can be reached via e-mail at wdperki@attglobal.net. For those who are interested, one of these items is the rare H&K 125 "Battle of Groton Heights Centennialthis one is certainly above average. The Smithsonian piece is the only one whose grade is excellent and whose surfaces are smooth. The Norweb piece was rough but sharp, while the Garrett coin was rough, showed little detail at central reverse, and exhibited a mint-made planchet cutter mark. And those are the better ones!" Full Story KENNETH DOUGLAS: DIE ENGRAVER Ken Douglas writes: "If you will permit a comment from a new subscriber, I was the engraver for those token dies for booksellers mentioned in last week's E-Sylum. I have been cutting dies for a arge number of private mints over the last 32 years. I cut those dies for Henry Morris to use for various booksellers. I don't remember the exact price I charged for those dies, but it was probably $200 each. It is interesting to learn that they are now offered for $9,800. I have always considered my dies the real works of art since I model the designs by hand, and if it is necessary to recut one of them, cannot be perfectly duplicated. For booklovers, Henry Morris of Bird and Bull Press published a book "Republic of San Sheriffe -- 100 Coronas." In it he mentioned my name and named me the Chief Engraver for the fictional country. The bookseller tokens were also mentioned in an article in The Numismatist (vol 101, no 3). It tells why and how these tokens were issued. Also Mashiko of Medialia at the Rack and Hamper Gallery, 335 West 38th Street, New York, N.Y. 10018 asked me for a simple method that she could teach her students to cut dies for their medallions. It is not complete but I am enclosing what I have already written in the hope that it will help Dick Hanscom and others." [Subscribers new and old are always welcome to chime in on our discussions. It continues to amaze me what a simple E-Sylum item can lead to, in this case a note directly from the artist who made the dies we discussed. I've forwarded his full drafts to Dick Hansom and (with Kenneth's permission) to our resident minting technology expert Dick Johnson. "The Hand-Made Struck Medal" is illustrated with some photos of the artist at work on a die in progress. See the next item for a couple excerpts. -Editor] KENNETH DOUGLAS ON THE HAND-MADE STRUCK MEDAL The following are two short excerpts from Ken Douglas' paper, "The Hand-Made Struck Medal". The first portion is about transferring the design to the die, and the second is about starting to engrave the design into the die. "When I transfer the design to the die-block I first make a pattern in clear plastic in 2D by engraving in all lettering and the design which have all been reduced to outline form and reversed. The die must be in reverse for the medal to read normally. I use a 2D pantograph to cut the design on the block. I can set the machine to the ratio I need to fit the working surface of the block. The lettering is finished this way but the 3D part of the die is modeled by hand. The method I would suggest is something I picked up years ago when I visited H. Alvin Sharp. He was a self- taught engraver in New Orleans back in the 60's and early 70's. What he did was sensitize his block with photographic emulsion, make a contact print from his drawing to fit the block, and burn it in. This could also be done by applying machinist’s layout dye to the block and just tracing or drawing the design on the block with a scribe (sharp point)." "Once the outline is established, I start with the largest burr to rough out and proceed to the smaller burrs for the detail. Being right-handed I hold the chuck in my right hand but I hold the die in my left on a flat surface. I use my left thumb-nail as a block to keep the burr from skating and as a control. Keep the burrs moving so that they will not dig a hole and use it to “scrape” the metal off the surface. A 8/0 is good for lines and making the work sharp by drawing it toward you. After this burr wears out I make a three cornered cutting tool out of it with a cut off wheel. I can use this for very fine lines such as hair or use the side to flatten an area. I use red-mounted stones for making sure smooth areas are as smooth as they should be. A little modeling clay is good for checking your work after the die is dusted with talc." OTHER CARSON CITY MINT COIN DIES Regarding our recent discussions of the recovered Carson City Mint coin dies, Fred Holabird writes: "Museum curator Bob Nylen reports that anything that could be professionally restored has pretty much been restored. Most of the dies are severely degraded, long past restoration. The Carson City dies that are cancelled and in private collections generally were dug up in the old Carson City municipal dump by bottle and token diggers, now gone. Nearly all of these were sold into the marketplace in the 1970's. Another die came from the family of one of the Mint's assayers. We were unable to ascertain just how many good, cancelled dies still exist, but I'd guess about five. There is no comparison between these dies and those dug under the old parking lot, which as Hal Dunn noted, are mostly junk." PATTERN STAR SHILLING RETURNS TO AUSTRALIA "Melbourne-based Coinworks beat off stiff competition to claim a 1920 Pattern Star shilling at a London auction, setting a new price record. The coin - one of only seven in existence - sold for £48,300 (about $150,000, with taxes) the highest price for a coin of its make. It is one of Australia's rarest coins and considered the best of three of its kind held outside museum collections." "The shilling has been paired with its natural 'partner', a 1920 Pattern Star Florin. The Florin is Australia's most valuable silver coin and was acquired by Coinworks at auction last year for more than $200,000. The coins are now the centrepiece of a private collection in Sydney." "In London, Morton and Eden London auction house director James Morton said the sale price exceeded expectation, despite the coin's "astonishing condition." "A couple of English buyers were vying for the rare, together with a "very strong American bidder," he said." To read the complete article, see: Full Story GALLIPOLI VICTORIA CROSS TO FIND HOME IN MUSEUM On July 25, the winning bidder of the recently-sold Victoria Cross medal discussed in the last E-Sylum was trying to stay anonymous. "Last night’s successful Australian bidder wishes to remain anonymous. But Bonhams said he intended to have the medals shown in the Australian War Memorial." To read the complete press release, see: Full Story But by the next day the word was out: "Media moguls are not generally bashful but Seven Network boss Kerry Stokes attempted to become the invisible man yesterday after he was confirmed as the benefactor who paid $1 million for a Gallipoli Victoria Cross. Acting in conjunction with the RSL, and as revealed in The Australian yesterday, Mr Stokes paid $1,214,500, including auctioneer's commission, to secure all the medals of World War I hero Alfred Shout at auction in Sydney on Monday night." "I've never believed that anybody should collect or have proprietary interest over somebody else's valour," Mr Stokes said. "These particular awards are part of our history, they're part of who we are, and the only appropriate place they belong is in a national museum." Major General Crews said Mr Stokes's donation to the Australian War Memorial would complete the display of all nine VCs won by Australians at Gallipoli." A majority of the 97 Victoria Crosses won by Australians since the Boer War are held by the war memorial or military museums." [The article notes that two Australian VC awardees are still alive, and that both still have their medals. -Editor] To read the complete article, see: Full Story COUNTERFEIT POLYMER BANKNOTES REPORTED IN HANOI The new polymer notes appearing around the world may be more difficult to counterfeit, but that doesn't deter counterfeiters for long: "An officer at the Hanoi Branch of the Saigon Industrial and Commercial Bank on July 26 discovered a counterfeit VND100,000 polymer bank note." Nguyen Van Toan, Deputy Head of the Vault and Issuance Department under the SBV said that counterfeit VND100,000 bank notes had been found before, in March 2006. The SBV later warned the public against the circulation of counterfeit money and posted instructions to the ways to differentiate real and counterfeit money on their website www.sbv.gov.vn The newly discovered counterfeit VND100,000 bank note was almost an exact copy of the real note. In the past, counterfeit notes were easily produced on the old style cotton paper, while the new polymer material has proven harder to emulate." "Mr Toan from SBV said that although the counterfeit notes were made with very sophisticated equipment, they can still be easily recognised. Mr Hanh from SBV’s HCM City Branch said that the counterfeit bank notes are identified by the late generation counting machines." To read the complete article, see: Full Story OXFORD ENGLISH DICTIONARY: NUMISMATICIAN Bill Murray snail-mailed me a copy of the Oxford English Dictionary entry for Numismatic - "of, pertaining or relating to, coins or coinage." The entry lists a number of variants of the word, some of which we've discussed earlier in The E-Sylum: numismatical, numismatician, numismatist, numismatography, numismatologist and numismatology. "Numismatician" was a new one on me until Bob Fritsch used it in a 2002 E-Sylum submission, quoting the Swiss National Bank: esylum_v05n46a20.html The term is still in used as I learned via a web search. Here are some examples: "A well-known numismatician in coastal Jiangsu Province, Wu Gensheng, recently donated all his 10, 000 pieces of coins to the museum of Wujiang in his hometown. " (March, 2001) Full Story "The aim of this part of the collection is only to give an overview of the legends, and it is not organised with the numismatician's point of view in mind." (June, 2006) Full Story THOUGHTS ON BRITTLE GOLD Professor of Chemistry Peter Gaspar writes: "The topic of brittle gold introduced by Dick Hanscomb in the July 9th E-Sylum is numismatically significant and has been discussed for more than a century. Unfortunately, the heat treatment recommended by Dick Johnson may fail. G. F. Ansell, in his "Royal Mint" 3rd edition, London, 1871 discusses brittle gold on pp. 49-53. He blames the brittleness on the annealing (softening by heating) before striking of gold blanks which contained antimony, arsenic, and lead impurities. Ansell claimed that such brittle gold could be converted into perfectly sound coins, so long as the blanks were not annealed. This is different from Hanscomb's brittle gold which cannot even be rolled. Ansell coined sovereigns in the London mint from brittle gold in 1859, and they can be recognized by a line he placed on the ribbon in Victoria's hair. See Major Pridmore's "The Ansell Soverign" in the Spink Numismatic Circular, November 1964, p. 258. In "The Metallurgy of Gold" by T. K. Rose and W. A. C. Newman, 7th edition, London, 1937, the most potent impurity leading to brittle gold is said to be bismuth, and bismuth-embrittled gold is not softened by heat treatment and must be refined. The brittleness of gold caused by tellurium increases with annealing, but softening occurs for other impurities. Since different samples of raw gold will differ in their impurities, the variations in rolling and blanking observed by Dick Hanscomb are consistent with what metallurgists have written about gold alloys." Ken Douglas agrees: "Dick Hanscom's problem with the gold may be a purity problem. When I was young, I worked in a jewelry company as a press operator. I carried a bar of gold around in my pocket while I was working without thinking about its value. The gold scrap was recycled many times and probably picked up impurities each time it was melted. The results were what Hanscom described. I am of the opinion that if he melts it, cleans off as much residue as possible, lets it cool, and cuts it up for a remelt a couple of times, he may get better results. This is just an opinion since I did not have a direct hand in the melting and that was almost 50 years ago. He might also cast his planchets rather than rolling them." ONLINE COIN IDENTIFICATION RESOURCES Philip Mernick writes: "Further to the enquiry in last week's E-sylum about identifying ancient coins: Someone recently showed me a Greek silver coin with a cow and calf on one side and something like thunderbolts on the other. I entered "greek coin +cow" into Google and got a site with a number of pictures of my coin (Illyria, Dyrrhachium). Well worth a try. wildwinds.com/coins/greece/ MORE ON SIMPLIFIED SPELLING Relating to the earlier topic of coin dealer Luther Tuthill and the 19th century simplified spelling movement, this week I came across a recent article on the topic: To read the complete article: Full Story MORE ON THE FRANK LAPA/RAY YABLUM MURDER CASE A couple years ago we had some discussion about numismatic author and coin dealer Frank Lapa, who was convicted of murdering his business patner Ray Yablum. For background, here are links to the articles in the E-Sylum archive: LAPA COUNTERFEITS esylum_v05n52a07.html FRANK LAPA esylum_v06n01a12.htm LAPA MURDER CASE esylum_v06n29a20.htm Web site visitor Diane (Narvel) Reed of Ridgefield, WA writes: "I was “Googling” names from my past and somehow did a search on Ray Yablum and then on Frank Lapa. Why? Because I worked with both of these men at the Chicago Coin Corporation at the time Ray disappeared. I remember very well, watching the disintegration of Frank during this time. His behavior was the very reason I quit working for Ray. Frank was a covertly angry and aggressive man. More than once I had to defend myself from unwanted advances from Frank, at one point I grabbed a pair of scissors off a shelf in the stock room to get him to back off from his advances. I finally had to tell Ray that if he left me alone in the store with Frank I would walk out and not be responsible. Ray left me alone and I resigned the next day. I was hired by a construction company immediately after I resigned and on the train going into work I read about Ray’s disappearance. I knew immediately that Frank had something to do with it. I spent the first two weeks of my new job being hounded (perhaps that is not the best word) by the FBI for information. I remember well, all the times Frank ranted in the basement offices about how he “could just kill Ray.” It was a comment most people have heard others make and never paid given much credence to it. I knew Frank was not stable. I also remember the odd calls I received at home from Frank in the short time between when I quit and when I read about Ray’s “disappearance.” It is my understanding that Ray’s body was not identified by a ring, but rather by a gold fist charm distinguished by three bands on the wrist, that he worn on a chain around his neck. When he was hit on the head with the crystal ashtray, his head slumped forward. Frank (or his ex-wife) removed the chain from Ray’s neck but the charm was captured in the folds of his neck and was found when his body was discovered. I also remember the anguish Ray’s wife, Judy, suffered because his body could/would not be released for burial for almost a year after it was discovered. If I remember correctly, he was murdered in California, but his body was discovered in Nevada and the state line issue came into play. If there are any questions I might be able to answer, please feel free to contact me. It was such an incredibly long time ago, but there is much about this that I remember like it was yesterday. Could anyone tell me when Frank was released… when he died?" [Here I am, amazed all over again by how The E-Sylum can help bring together people and information from all over. Earlier we had heard directly from a police officer who worked on the case, and now we're hearing from someone who knew and worked with both of the individuals. Can anyone help answer Diane's question? -Editor] PRINT RUNS OF NUMISMATIC LITERATURE Last week I noted Leonard Hartmann's observation on shrinking print runs in the philatelic literature field, and asked about the parallels in the numismatic publishing world. Granvyl Hulse writes: "I may be wrong in my assumption as to how books are being printed in the outside world today, but if my local publisher is an example of modern times the initial number of copies of a book printed is not necessarily the total number that will eventually be printed. My own books are first scanned into my publisher's computer for which I pay a fee depending on the time taken to scan them. Once this is done my first run is usually a very limited number to see if it sells. I am then only out the actual cost of publishing a few copies initially, and this of course depends on the number of pages and binding. If the book does not sell I am not stuck with a depleted check book, and boxes of unsold of books piled away in my attic. If it does sell I can have any number later struck to meet the demand. I am feeding a local store a book I wrote on inns and restaurants in lots of 20. As they sell out I have my publisher run off 20 more, and will continue to do this until the market dries up. Since the CD belongs to me should there be a demand in the future for the book, the CD will be sent back to the publisher for any number of desired re-prints." Morten Eske Mortensen writes: "I've already written an article on this subject back in 1999 and published it in the Swedish magazine NUMISMATISKT FORUM. The article also is online: Full Story You will see that I have collected actual numbers for print runs on recently published numismatic books. The Danish word "oplag" = "print run" the Danish word "udsolgt 19xx" means "went out-of-print in the year 19xx". "Pris" = "originally salesprice at the day of publication". "rea-pris" = "realisation price to get rid of the remainder of the print-run". "foræret" = "books were given away for free (no payment of money for the books)". I have continued collecting information on print-runs for numismatic books published since the article and some day this data will be published in a follow-up article. This information can be useful for other venturers into publishing of numismatic books - only small printings runs will be needed for ANY numismatic books (and the corresponding sales price of course will have to be of a 'high nominal' sales value to be able to cover the production costs. Otherwise you (the happy publisher) will lose his money!" [Here is a link to Morten's earlier E-Sylum article on the topic. -Editor] NUMISMATIC PRINT RUNS esylum_v05n14a13.html Paul DiMarzio writes: "When I read the article titled "SMALLER PRINT RUNS FOR NUMISMATIC BOOKS?" it reminded me of a New York Times article I recently read that pointed me to the beta site of a new service called blurb (www.blurb.com). blurb provides free software for formatting the contents of a book, which can then be published as an 8x10, full color hardcopy book with custom dustcover. Prices are pretty cheap, running from $30 for a 40-page book up to $80 for 440 pages. There are two features that make this more interesting than other self-publishing services: you can order a print run of just a single copy, and, apparently, your book can be posted for others to purchase - although it's not clear to me who gets the money. Like I mentioned this is a beta, and I haven't tried it myself, but it looks promising. This caught my eye because I have the dream of someday pulling together a book based on my collecting interests and this will let me do it - even if I'm the only one who wants that book!!! Technology may have finally enabled a truly affordable print-on-demand business model, which would be great news for the numismatic community. Small print runs would no longer be an issue and books would never truly go out of print. I suspect this might not make all the readers of The E-Sylum happy, though, because it also implies a drop in collectible books :-)" PLATINUM AND ALUMINUM PATTERN INFORMATION SOUGHT Andy Lustig writes: "I need some help understanding a couple of U.S. experimental patterns. The first is the platinum 1814 half dollar, which we know to have been struck in 1814. I consider it likely that this is really a trial piece for a platinum eagle, and the half dollar dies were used because that's all that was on hand. However, to bolster my case, it would help to know what platinum was worth in 1814. I have been unable to find the answer. Maybe one of the E-Sylum's inmates can help. The second piece is an 1855 half dollar struck in aluminum, and the question is the same. What was aluminum worth in 1855? Finally, does anyone know anything about the history of these coins that is not reported in Pollock or Judd?" QUIZ ANSWER: WHICH FOOT IS FORWARD ON THE LINCOLN STATUE? Last week Dick Johnson and I posed a quiz question, and we must have stumped everyone. Which foot is forward on the statue of Abraham Lincoln depicted on the Lincoln Cent and back of the $5 bill? "A unique piece of Americana caught up in a dispute over priceless relics shows that thoughts were mixed about which foot should be out front. The piece, a plaster study used for carving the statue, has the seated president with his left foot out, which was the Greek style. When sculptor Daniel Chester French's marble statue was carved, it was decided to put Lincoln's right foot out, the Roman way." To read the complete article, see: Full Story COLONIAL NEWSLETTER FOUNDATION ESIGS This week Jim Spilman announced the reopening of a number of online Special Interest Groups (eSIGs) sponsored by the Colonial Newsletter Foundation. Here's his list, showing the name, moderator and URL of each. Some of the Moderator positions are currently open: "(1) ColNewsLetFndn (original CNLF eSIG and includes CNLF-1 and CNLF-2) David Palmer & Clem Schettino co-Moderators CURRENTLY OFFLINE FOR REFURBISHMENT (2) Blacksmith Tokens. . . . . . . . . . . . . . . . . . . . John Lorenzo Blacksmith Tokens (3) Connecticut Coppers . . . . . . . . . . . . . . . . . . Jeff Rock Connecticut Coppers (4) Constellatio Nova . . . . . . . . . . . . . . . . . . Tony Carlotto Constellatio Nova (5) Continental Dollars . . . . . . . . . . . . . . . . . . JCSpilman Continental Dollars (6) Fugio Cents Of 1787 . . . . . . . . . . . . . . . . . . David Palmer Fugio Cents Of 1787 (7) Higley Coppers . . . . . . . . . . . . . . .. . . . . . Dan Freidus Higley Coppers (8) Machin’s (Atlee) Halfpence . . . . . . . . .. . . . . . OPEN Machin's (Atlee) Halfpence (9) Massachusetts Copper . . . . . . . . . . . . . . . . . . Mike Packard Massachusetts Copper (10) Massachusetts Silver . . . . . . . . . . . . . . . . . . OPEN Massachusetts Silver (11) New Jersey Coppers (including St.Pats.). . . . . . . . . OPEN New Jersey Coppers (12) Vermont Coppers . . . . . . . . . . . . . .. . . . . . . Tony Carlotto Vermont Coppers (13) Virginia Halfpence of 1773. . . . . . . . . . . . . . . . Roger Moore Virginia Halfpence of 1773 (14) First U.S. Mint. . . . . . . . . . . . . . . . . . . . . JCSpilman First U.S. Mint (15) Early American Numismatic History (CNLF-EANH) . . . . . . OPEN Early American Numismatic History (16) Early American Tokens & Minor Coinages (CNLF-EATMC) . . . OPEN Early American Tokens & Minor Coinages (17) Early American Printed Currency (CNLF-EAPC). . . . . . . . Lou Jordan Early American Printed Currency (18) Science & Technology (CNLF-SCITECH) . . . . . . . . . . . OPEN Science & Technology If you would like to join one or more of these CNLF/eSIGS just click on the appropriate URL and when you reach the eSIG, read the introductory material and click on "Join this Group". The Moderator will contact you by eMail. Thank you." WILSON ARTICLE ON THE JUNE ANR SALE John and Nancy Wilson wrote a nice article in the August 2006 issue of Bank Note Reporter about the paper money in last month's American Numismatic Rarities MidAmerica Sale. With permission I'll reprint some sections of the article dealing with my consignment. It's lengthy, but indulge me. Many thanks to the Wilsons for forwarding the text for The E-Sylum. Their article has a great "you are there" feel, and it accurately reflects the excitement and dynamics of good auction action. "The fabulous collection of Wayne K. Homren contained 34 Lots of Encased Postage Stamps. The collection saw strong bidding from the book, floor, phone and Internet. It is very unusual to see this many encased postage stamps in one sale. We commend Wayne for putting together such a high grade collection of encased, that had so many of the different issuers represented. Frank Van Valen called the encased portion of the sale. He had a tough job, because bidding was coming from several areas of the floor, Internet and some very determined phone bidders. With excellent descriptions, accurate grading, and all of the lots depicted in vivid color, the results from the sale of encased were very strong. Some of the lots sold for extremely high, and more than likely record prices. ANR Staff Members handling the phone bidding were kept very busy for some of the lots that the people they were representing wanted “very badly.” The Sand’s Ale .05 went for an absolutely crazy price. The ANR staff, handling the phone bidding on the back wall were kept extremely busy when the Sand’s Ale .05 in Lot 840 crossed the block. It was described as, “Encased postage. Sand’s Ale. Five cents. HB-207, EP-90 & KL #EPS 169 Rarity 8 and described as basically XF.” The Ford sale, which we attended, saw that .05 Sand’s Ale in ChXF (full silvering on back) sell for $9,200 to a phone bidder. Ironically, the Ford example sold in this same room as the Homren example. It opened at about 9:40 P.M. with a book bid of $3,100. After receiving this bid, the auctioneer looked over the room and saw several hands go up to bid. In the back of the room was a major token and medal dealer who wanted the piece for either himself or a customer. He wasn’t successful and after the sale said that the price was very high. As the bidding for this lot went over the $10,000 level, all heads in the room were turned to the back wall with the phone bidding. Up, up and away the bidding went for the three phone bidders who wanted this lot. Everyone was getting whiplash turning around and looking at the crazy phone bidders who were taking this piece to a level far surpassing what its value should have been. Finally, after what seemed like an eternity, it closed to one of the phone bidders to a round of applause from everyone in attendance. The successful phone bidder probably went into shock after they realized what price was paid for this lot. The ANR staff members handling the phone bidding probably got cauliflower ears from the phones they held to their ears1881" Medal, but stuck in copper (or bronze) and on a thick planchet, not in White Metal as listed in the Hibler & Kappen book. Another item is H&K 153, the rare "General Stark-Colonel Warner Dollar" in White Metal. Two items "not in H&K" are a Yorktown, VA Centennial Medal of October 19, 1881 struck in white metal and a neat looking 1903 City of Bridgeport "Old Home Week" medal. I have a few other items (somewhere) from this sale. Thanks." NUMISMATIC CATALOG WIKI SOUGHT [For those who aren't familiar with the term, a Wiki is a web site that enables a community of users to both view and update information very easily. The most prominent example is the Wikipedia, a free online community-created encyclopedia. Work teams at my company use Wikis to create and share project information among many users. -Editor] Any Lustig writes: "Are you aware of any Wikis for numismatic auction catalogs and their contents? If not, it seems like it's an idea whose time has come. There are many auction catalogs that I have not purchased because I didn't know enough about the contents, and many others I have regretted buying for the same reason. A Wiki listing all catalogs and a summary of their contents would be incredibly useful. And not to be a pig about it, but if the Wiki could be used as a checklist, it would save many of us that maintain our own catalog databases thousands of hours of redundant data-entry work." [Who knows, perhaps we could get a project like this off the ground, but it would take a dedicated group of volunteers to create the initial Wiki and seed the site with catalog information. Anyone game to give it a try? -Editor] NEW ZEALAND COIN SWITCH GETS UNDERWAY Martin Purdy writes: "As we have discussed previously, New Zealand changes over to its "smaller silver" coins tomorrow, 31 July. It will be interesting to watch how both the public and the shopkeepers react to the reality. One retailer insisted on charging my wife $2.00 for a $1.95 item last week "because they didn't want to get stuck with 5c pieces at the last minute"! They clearly have missed the fact that the "old" coins remain legal tender until 31 October. We are both carrying printouts from the Reserve Bank website (www.newcoins.govt.nz) as evidence in case of any arguments now. An item in the local "Dominion Post" yesterday mentioned that Wellington parking meters will not be up to the task of coping with two different sets of coins in circulation at the same time during the transitional period. Any "small" coins that are fed into meters until they are converted will simply be lost to the user, while any "large" coins that are fed into them after they are converted (i.e. still during the three-month transitional period) will likewise be wasted. Parking meters clearly did not count as "vending machines", the manufacturers and operators of which have had the past six months to get their equipment adjusted. One result of having the 10c as our smallest denomination is that our coins will henceforth be truly "decimal", as opposed to "centesimal"." CYANIDE, CANARIES, AND THE BUREAU OF ENGAVING AND PRINTING Mark Tomasko writes: "Thanks for the great work you do on The E-Sylum. I enjoyed the piece about Chris Madden. He was also profiled in the Ohio State University Alumni Magazine, May-June 2006 issue. Chris is an excellent engraver, and while the article does not mention it, he did the Treasury building on the back of the $10 bill. He, Will Fleishell and Ken Kipperman are the last people employed as bank note picture engravers in the United States (all at the BEP in DC), to my knowledge. Another talented engraver who did picture work, Richard Baratz, is now at the BEP in Texas, though not doing picture work. As to the cyanide question, potassium cyanide was used to harden steel once it had been engraved, so that it could be transferred (i.e., die to transfer roll and transfer roll to document plate). I strongly suspect that is the use of cyanide referred to. While I have not heard the canary story, it probably makes sense that there was some crude mechanism for determining if the fumes got to dangerous levels." A knowledgeable E-Sylum reader writes: "One of the problems faced by people who work with engraved steel plates is oxidation, and ultimately rust. This was particularly true during humid summers before the advent of modern HVAC equipment. Washington, DC occasionally boasts humidity levels of the sort experienced in equatorial latitudes. I suspect that engravers had to protect their work with light oil, cosmoline, or wax to prevent oxidation. After an engraving is approved for use on currency, it is transferred to a working plate. This occurs in several steps. The engraving is transferred to a 'roll', then the 'roll' is transferred to the working plate. The working plate also receives impressions from other rolls that transfer other currency elements such as counters, lettering, etc. Additional transfer processes occur when a finished currency die must be replicated in order to print multiple pieces of currency in one operation. US Currency has been printed with plates containing as few as 1 or 2 subjects, and as many as 32 subjects. I believe the procedure of transferring engravings to create working currency plates is known as 'siderography'. This process is similar to coin die production from master dies and hubs. The main difference between currency plates and coin dies is that coin dies only contain one coin obverse or reverse whereas currency plates have as many as 32 faces or backs on each plate. So where does cyanide enter the picture? Whenever a steel engraving is transferred, the receiving steel must be heated first. After the design is transferred, the receiving roll or plate must be hardened by being rapidly cooled. Hot steel is particularly vulnerable to oxidation. The chemical bath used to harden the steel must not allow oxidation to occur. In the past, the only liquid deemed appropriate for this process was potassium cyanide. This procedure was usually performed in a well ventilated area. Even in pre-OSHA days, the deleterious effects of potassium cyanide fumes were well known. As you may know, American Numismatic Rarities is having a sale in Denver next month that contains some currency production materials from the American Bank Note Company. Example of what I referred to as a 'roll', ANR calls a 'cylinder die': cylinder die Example of a finished 3 subject currency plate: 3 subject currency plate [QUICK QUIZ: Who can name another numismatically-related use of cyanide? -Editor] Bob Leuver, former head of the U.S. Bureau of Engraving and Printing and Executive Director of the American Numismatic Association writes: "The canaries were "employed" by the BEP in 1979, the year--and just before--I arrived at the Bureau. There were some interesting and humorous aspects to the fire department's response and the death of a canary while in Federal service." [Bob hopes to write a more detailed article on the topic for the Numismatist magazine, but sent us the following digest in the meantime. -Editor] 1979 BUREAU OF ENGRAVING AND PRINTING CYANIDE LEAK INCIDENT Bob Leuver writes: "I reported for duty on April 22, 1979, as BEP Assistant Director for Finance and Administration. In the early months of that year, the plate curing room on the fifth floor of the BEP Annex suffered a cyanide leak either in the valves or piping from the cyanide cylinders. Cyanide was used in a bath to cure or clean some of the plates from the Engraving Department and other allied departments, such as Siderography. The unit responsible for curing/cleaning plates was on an eight-hour day shift, five days a week. One employee of the three-man crew, opened the door to the division at about 8 AM and immediately identified the odor emanating from the room as cyanide. The Washington, D.C., fire department and its Haz-mat unit were called. The fire-department expeditiously vented the room and stopped the leak. The Research and Engineering Division determined that an automated system to identify cyanide and other chemicals was required. The R&E Division drew up plans and submitted them to the Procurement Department for bidding. Nothing in the Federal government is simple. A Federal agency cannot purchase a system off-the-shelf. The new system had to be procured under exacting procurement regulations. I was responsible for expediting the acquisition. The automated system was installed finally in 1980. In the meantime, canaries were used to detect any occurrence of a cyanide leak as an R&E Division solution to the interim problem. PRE-1933 COIN LEGISLATION ARTICLE A government publication published a lengthy article on the pending legislation on legalizing a number of questionable pre-1933 U.S. Mint issues: "Rep. Frank Lucas, R-Okla., has launched a crusade to free some the world's most valuable coins. Lucas has sponsored legislation that would mandate that any coin manufactured by the U.S. Mint before 1933 -- but not properly issued -- will no longer be declared the property of the federal government. The cutoff date in the Lucas bill has real-world implications, gaining tremendous support among numismatics." "In 2002, a 1933 Double Eagle gold coin was auctioned off for $7.6 million, ending a protracted legal battle between the Mint and a coin dealer over ownership of the coin. Both parties split the proceeds of that sale. In 2005, the Mint seized 10 Double Eagle coins from the family of a Philadelphia jeweler. Lucas argues that other coin collectors could be put in legal jeopardy, especially over rare coins such as the 1804 silver dollar and the 1913 Liberty head nickel, both of which have been bought and sold dozens of times. Lucas, who started his coin collection as a child, said the Mint has selectively targeted owners of rare U.S. coins and its efforts have clouded the rare coin market." "But the Mint opposes Lucas' efforts. During a House Financial Services Monetary Policy Subcommittee hearing last Wednesday, acting Mint Director David Lebryk testified that while he recognizes the desire of collectors for a clear title for coins and medals sold in the secondary market, courts have repeatedly held that the title of U.S. public property belongs to the federal government." "I see no reason to reward collectors who happened to have acquired coins illegally taken from the Mint," said House Financial Services Monetary Policy Subcommittee ranking member Carolyn Maloney, D-N.Y. "Courts are perfectly well-suited for this task." To read the complete article, see: Full Story [The legislation is well-meaning, but is it poking a stick into a beehive? Bringing the situation to the attention of other lawmakers could have unintended consequences. Could others introduce legislation to bring equity by explicitly banning and calling for the confiscation of other questionable coins? -Editor] PROCEEDINGS OF JULY 19TH CONGRESSIONAL COIN AND CURRENCY HEARING Directly related to both the above legislation and our recent discussions on the National Numismatic Collection is the following link (forwarded by Roger Burdette) to a page of testimony on July 19th before the Subcommittee on Domestic and International Monetary Policy, Trade and Technology. The hearing was entitled "Coin and Currency Issues Facing Congress: Can We Still Afford Money?" The presenters were: Mr. Larry Felix, Director, Bureau of Engraving and Printing, U.S. Department of the Treasury Ms. Louise Roseman, Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors of the Federal Reserve System Mr. David A. Lebryk, Acting Director, U.S. Mint Mr. Scott Johnson, Deputy Special Agent in Charge, Criminal Investigative Division, U.S. Secret Service Mr. Brent D. Glass, Director, National Museum of American History, Smithsonian Institution Mr. Q. David Bowers, Numismatic Director, American Numismatic Rarities, LLC Mr. Christopher Cipoletti, Executive Director, American Numismatic Association Mr. Fred Weinberg, Vice Chairman, Industry Council for Tangible Assets Ms. Beth Deisher, Editor, Coin World Magazine To read the full prepared statements, see: Full Story Here's one excerpt, from Dave Bowers' testimony: "Among the focal points the National Coin Collection at the Smithsonian Institution is a unique treasure, containing specimens that in many instances are rare and in some instances one of a kind. The curatorial staff comprises some of the most talented individuals in numismatics. The Smithsonian has what it needscoins, tokens, medals, and paper money that are incomparable, plus appropriate staff, as noted. What it does not have is appropriate funding. Because of this the nation is faced with having these treasures hidden from public appreciation, which the community of over one hundred million coin collectors could rightly view as being the numismatic equivalent of not being allowed to examine the Declaration of Independence or the Star Spangled Banner. I suggest that provision be made for part of the profits of the United States Mint to be given to the National Numismatic Collection in the Smithsonian, cast not as a charity or a donation, but as an intelligent business concept reinforcing the programs already in place at the Mint. The more people that are aware of the National Numismatic Collection, the more that enjoy its displays, the more that are subject to various outreaches given by it, the greater the interest will be in current Mint products. In view of the relatively small amount of money involved annually to maintain the National Numismatic Collection exhibition in a first class manner, this would seem to be one of the wisest investments that the Treasury Department and the Mint could possibly make." THOUGHTS ON A NATIONAL NUMISMATIC MUSEUM In response to Howard Daniel's call for a National Numismatic Museum last week, I noted that the "U.S. Mint HQ in D.C. was built with the first floor as a planned museum space, but that didn't happen." David Ganz writes: "There was lot of congressional opposition to the museum concept and there was some tough language in appropriation bills that expressly prohibit it." [The concept of a freestanding National Numismatic Museum has been around in various forms for several decades. I should note that my mention of the U.S. Mint HQ space is not an endorsement of a NNM under the auspices of the Mint. The Mint is after all, a manufacturing operation, and as such its management has only limited interest in its old products - their mandate is to produce the coinage needed TODAY, and a museum doesn't fit into that mission. On the other hand, it is the mandate of the Smithsonian Institution to preserve and study the artifacts of our nation's (and the world's) history, and current priorities and funding issues aside, the SI is by far a better steward of such collections. When the 1933 double eagle witch hunt began, it was only because the Smithsonian had two examples and refused to give up custody that they were not melted by the Treasury folks. The 1974 aluminum cent might not exist except for the Smithsonian's protection. Let's face it - the U.S. Mint doesn't have a stellar track record when it comes to preserving numismatic artifacts and information. Various prior administrations have overseen the destruction of coinage designs and records, the destruction of pattern coin hubs and dies, the destruction of experimental pieces with no attempt to assess their future historical value, the destruction of large numbers of operating records, refused research access to remaining documents, design models and related historical materials, and (of particular interest to bibliophiles), refused to comply with the National Records Act and transfer records with National Archives. The Mint should be allowed to have a nice little museum and gift shop in their building on 9th street. But they should never be given access to or responsibility for the NNC. In practical terms, while it would be nice to emulate the Postal Museum in Washington, DC, it would be difficult to match the financial base of the postal facility, which I understand has a stream of dedicated funding from the US Postal Service. I commend Dave Bowers' attempt to educate Congress and call for a similar stream of funding from the Mint for the NNC. -Editor] 1792 COPPER CENT STORY Denis Loring writes: "Thanks to Bob Leonard for setting the record straight on the "Gold Dust Currency" Chicago Coin Club publication. This item was given to me when I was collecting California gold and its literature. I had no idea as to its true story." Denis also made the E-Sylum last week because of the article on the 1792 copper cent he and his wife recently sold through Goldberg Coins & Collectibles Auctions. The coin was one that "walked in off the street" at the 2004 Pittsburgh ANA convention, where I was General Chairman. I never got to see coin, unfortunately. Here is a link to the catalog entry on the Goldbergs' web site: Full Story Denis adds: "The coin listed as #7 in their census, ex Stack's 1/78:476, is counterfeit, and was returned to Stack's by the buyer. #4 is appearing in the upcoming ANR sale." Here's an except from the American Numismatic Rarities catalog entry: "A rarity in all grades, the grade-population curve of Judd-2 would look like the inverse of that of Judd-1. Unlike the Silver Center cents, the bulk of which are EF with a few finer, the 1792 copper cents are nearly all in wretched conditionover a long period. The sale of this piece will long be remembered by us and everyone who attended the sale. Oh yes, the selling price was a whopping $18,400. That is stupendous for a Sand’s Ale. We were able to get the very rare Ford .10 for $7,475 a few years ago. If memory serves us right we paid probably the buyers fee for our .05 Sand’s Ale some years back. In any instance the buyer of the .05 Sand’s Ale in this sale should be commended for their tenacity in bidding for a scarce encased that is rarely available. Other highlights from the encased follow. An Aerated Bread Co. .01 HB-1, EP-1 & KL #EPS 1 Rarity 7 in XF opened at $1,000 and sold for $1,955. A Joseph L. Bates .01 HB-49, EP-6A & KL #EPS 41 Rarity 6 in XF to AU opened at $1,000 and after two phone bidders sought ownership, one of them was successful at $2,300. The F. Buhl & Co...01 HB-67, EP-8 & KL #EPS 49 Rarity 8 opened at $1,000 and was fought over by a floor bidder and the phone. The phone was successful for $1,840. A phone bidder was also successful for a .10 H. A. Cook HB-95, EP-108 & KL #EPS 76 Rarity 7 in XF. After opening at $1,800, it sold for $2,760. Another hotly contested piece seeing strong bids from the book, floor and phone was a John W. Norris .01 HB-184, EP-23 & KL #EPS 155 Rarity 8 in XF. Opening at $1,800, it was finally hammered down for $3,450. The phone ruled on the last three lots we will cover for the encased. An N. G. Taylor .03 HB-26, EP-57 & KL #EPS 186 Rarity 8 in ChXF opened at $1,800 and sold for $2,990. A Weir & Larminie .10 HB-233, EP-133 & KL #EPS 196 Rarity 5 opened at $1,500 and after another phone to phone confrontation, it was finally sold for $2,760. Finally, two phone bidders fought for an important White the Hatter .01 HB-234, EP-30 & KL #EPS 197 Rarity 7 in XF. Opening at $1,700, it was hammered down for $3,680. Many in the room were shaking their heads after the last encased sold. The prices realized for this section was excellent. Anyone who was a successful bidder probably got the pieces they went afterbuthad to pay very high prices. Only two of the encased lots didn’t sell, and many went to the phone bidders. Four phones were set up and active throughout the sale of encased. Only two of the encased didn’t sell and 12 lots went to the strong book. Nineteen lots of emergency lots from the Civil War will close out our coverage of this ANR sale. These lots were all from the Wayne K. Homren collection. Of great importance were three encased postage stamp envelopes that were used to hold stamps. This emergency issue is very scarce and in great demand from not only coin and paper money collectors, but also philatelists. A .15 Joseph Bryan 214 Fulton Street, Brooklyn listed in Drowne (AJN 1918) & KL #9-15 in XF opened at $1,100 and sold to a phone bidder for $2,300. The KL reference has a price of $725. Yes, the phone was active in this session also. The .25 J. Leach 86 Nassau St. N.Y. Drowne (AJN, 191) & KL #60-25 in ChXF opened at $830 and sold to the phone for $1,495. The KL reference has a price of $575. The phone was also successful on the Leach .30 same address as above (Drowne (AJN 1918) & KL #59-30 in ChXF. It had a different layout then the other Leach that sold in the last lot. After opening at $850, it sold for $1,725. The KL reference has a price of $650 for this envelope. All of these were purchased by Wayne from a Kevin Foley price list that was issued in 1985. We also purchased some of these envelopes from the Foley price list at that time. These are scarce items that rarely appear in auctions. Fifteen lots of emergency card board scrip from the Civil War era were highlighted by a lot containing a pair of Civil War era cardboard scrip issues by Charles A. Drach, New York City. They are listed in Rulau with no numbers assigned. Both of these pieces were graded at VF, and once light mounted. Opening at $200, they sold for $552. An amazing set of .01, .02 & .03 Mathews & Brothers, Druggists, New York City listed in Rulau went for a very strong price. Opening at $260, they sold for $414. It wasn’t mentioned but on the back of some of the issues they are semi-postally cancelled. They are available for prices that we think are lower then the price paid for this lot. A Hugh Shull Price list from 2005 has two examples for sale at about $45 each. We purchased our set years back for about $40. Bidding fever and excellent cataloging can sometimes bring outstanding prices. All of the emergency issues sold for what we think are very good prices. Not much is written on these cardboard Civil War issues, and when more is, their popularity will make these prices seem reasonable. It was an excellent sale that we enjoyed covering for Bank Note Reporter. The ANR staff is top notch, and the catalog itself is a real keeper." ANA LIBRARIAN NABS NUMISMATIC LITERATURE MUTILATOR MPCGram Editor Fred Schwan writes: "I seem to have missed the beginning of the discussion on the mutilation of coin catalogs (and, I assume, other printed numismatic pubs). I have one recent little story that I can tell. At the recent American Numismatic Association summer seminar library sale, I purchased a set of Numismatic Scrapbook magazines 1941-1945 (less 1943). I paid all of $1 per year. I then had a great time in the library going through every issue. I tore out any page that had anything to do with WWII emissions or WWII collecting. I gathered a really nice pile of good stuff. I sure hope that I get around to using the info. Anyway, I figured that this was far cheaper and MUCH easier than making photocopies of the needed pages. Along the way Wendell Wolka piped up asking about articles and stories about obsolete bank notes, so I tore some of those out for him too. Well, when I finished, I threw the carcasses in the trash and went about my business. That night a roommate told me that I was in trouble with the librarian! My trash had been found, an investigation conducted, and a guilty verdict issued! I wondered what the crime was. The next day I reported to the librarian and confessed my sin and begged to know the crime. He said that I should not have thrown the waste in the library trash. I said, oh. Well, what could I say? I have exaggerated only slightly for effect. I do not know if there is a point to this or even if it relates to the discussion, but I offer it anyway. I will give one little clue to that research project. I watched the advertisements as well as the editorial material. I was interested in such things as when the first Hawaii notes showed up in an ad and how that related to when the first news reports on the subject." [Aha! So the Great Wolka is complicit in the dastardly crime! 40 minutes with their heads in the book press! -Editor] FEATURED WEB SITE: THOMAS D. ROGERS, SCULPTOR/ENGRAVER This week's featured web site features to work of Thomas D. Rogers. >From the site's home page: "As a former United States Mint Sculptor/Engraver, among my numismatic credits are the reverses of the Golden Dollar, also called the "Sacagawea" dollar, and the Massachusetts, Maryland, and South Carolina Quarter Dollars. I was the designer of these circulating coins, and sculpted them as well as many collectable commemorative coins, Congressional and National U.S. Mint medals... Since retiring from the U.S Mint in 2001, I have resumed a freelance design and sculpture career.." www.tdrogers.com 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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