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Welcome to The E-Sylum: Volume 10, Number 6, February 11, 2007: an electronic publication of the Numismatic Bibliomania Society. Copyright (c) 2007, The Numismatic Bibliomania Society. WAYNE'S WORDS Among our recent subscribers are Jarrett Briscoe, courtesy of your Editor, Charles Mitton and Ken Kmetz. Welcome aboard! We now have 1,062 subscribers. This week's issue opens with reviews of three numismatic books; Bob Lyall discusses the new Michael Finlay book on mining tokens, Roger Moore introduces a scarce but intriguing novel centered on a Virginia copper coin, and I take a look a new edition of Bowers' Buyer's Guide on U.S. dollar coins. Also, John Adams highlights two books of special importance to collectors of early American medals. Next, Dick Johnson puts out a call for a co-author interested in working on a book about the future of U.S. coinage. Dick also responds to questions about the proposed revaluation of the U.S. cent. Last week's mention of Karl Moulton's call for an end to printed numismatic auction catalogs generated numerous responses from readers on both sides of the issue. On a related topic, new initiatives at the Library of Congress and Princeton University continue the trend toward digitization, which in time could open up new vistas for numismatic researchers. Research questions this week involve alloys of U.S. pattern coins and ship tokens of the French cruiser Lamotte-Picquet. News items of interest (and use to future researchers) include articles on the U.S. Mint in Philadelphia, a planned redesign of Canadian banknotes, and alternative local currencies in use in Europe. And in news you probably couldn't find anywhere else, learn where to obtain notes from the loot of the infamous hijacker D.B. Cooper. E-Sylum readers are a great bunch of folks, and several are planning to run for positions on the Board of the American Numismatic Association. John Eshbach shares his platform with us, and Cliff Mishler announces his intention to run as well. I had the pleasure of dining with both gentlemen at last October's awards banquet at the Pennsylvania Association of Numismatists convention in Pittsburgh. John is a PAN stalwart, exhibit judge, tireless ANA volunteer, super numismatist, and one of my numismatic mentors - an all-around great guy. Cliff is an A-list ANA donor, known for his longtime column in Numismatic News and his leadership of Krause Publications. Other E-Sylumites mentioned earlier as Board candidates include Wendell Wolka and Joe Boling, also great numismatists, hardworking ANA volunteers and numismatic authors as well. If you're an ANA member, look for their ads, review their position statements, and contact them with any questions you have; I'll be happy to forward messages to them. Also within this issue are an online tribute to the late U.S. colonial coin dealer Mike Ringo, and a note about a web site loaded with information on bookplates, something all bibliophiles should consider for their numismatic libraries. And if you've ever wanted to own a million-dollar coin, the Royal Canadian Mint may have something for you next year. To learn more, read on. Have a great week, everyone. Wayne Homren Numismatic Bibliomania Society LAKE BOOKS SALE 87 PRICES REALIZED AVAILABLE Fred Lake of Lake Books writes: "The prices realized list for our numismatic literature sale #87 which closed on Tuesday, February 6, 2007 is now available for viewing on our web site at: lakebooks.com/archive.html#2007 REVIEW: FINLAY'S MINING AND RELATED TOKENS OF WEST CUMBERLAND Bob Lyall submitted the following review of 'The Mining and Related Tokens of West Cumberland' by Michael Finlay. "This is a very comprehensive study of the coal mining and lime works tokens from the West Cumberland area of England. Its illustrations cover all the 143 different tokens traced with very high quality colour photographs of both sides of every token. In addition, there are some 117 illustrations, again in colour, relating to the token businesses, ranging from 19th century photographs of a mine, to the impressive houses of the mine owners, the portraits of the owners and to 18th century large scale maps and sketches. "All the tokens are described in full and include a rarity rating. There is detailed history of the businesses using them and even heraldic coats of arms of the various mine owners. The tokens include several value stated pieces for the 17th century but the majority were for tallying the mining and movement of the coal from the pits to the ships that carried the coal. They often have the coat of arms of the mine’s owner or attractive depictions of coal wagons and ships used to carry the coal, often to Ireland. Many have 18th century dates on them but one of the latest has a steam engine, which, to my eye, looks to date to c1845. A few of the tokens are less easy on the eye being more of a “home made” style with just initials of the owners stamped on plain flans, but the majority would seem to have been made in a very professional environment. "Whilst most of the book is devoted to the coal businesses, some 20 pages are about the lime kilns and the tokens used in that business. There are 50 pages of biographical data about the issuers and a comprehensive bibliography; a detailed and helpful index finishes this book. "It is hard to put into words just what a superb book this is. I have never read a better produced one and, although its price is more than the average price for a numismatic book, this is not a normal book." "It was published in 2006 by Plains Books at £50 (+ postage). 196 pages, A4 size. ISBN-13; 9781872477015 and ISBN-10; 1872477011 Orders may be sent, payment (including £7 postage to USA) with order, to: Plains Books, PO Box 212, Carlisle, Cumbria, England CA5 6WA" NUMISMATICS IN FICTION: WILLIAM VEACH AND THE GOLDEN FROG Roger Moore writes: "My interest in William N. Veach began during the first few years of the Twenty First Century, when I volunteered to be the moderator for the Virginia Colonial Coin Internet Research eSIG Group developed by Jim Spilman. As I delved into the numismatic history of the Virginia coinage, I was lead to a series of newsletters devoted to this coinage, published by William Veach between August 1990 and June 1993. "The publication was called 'The Generation Newsletter', and it was readily apparent that the editor was one of the few people in the world with an in-depth appreciation and knowledge of the Virginia coinage. By hook and crook I was able to obtain a full set of these Newsletters and learned that Mr. Veach had also written a book called 'The Gold Frog', which he had distributed to the readership of his newsletter. "My curiosity was peaked as to why the readers of a Virginia coinage based newsletter would have an interest in such a novel, but my primary curiosity was “what had happened to William Veach”? He seemed to have disappeared in 1995 and no one knew where he was. Google searches, Internet investigations and telephoning all the previous subscribers of 'The Generation Newsletter' did not solve the mystery. However, having feelers out finally paid off and I was able to locate the mystery man in a peaceful Florida retirement. "It is from him that I received a signed copy of 'The Gold Frog' (I had also gotten a copy during my unsuccessful attempt to find him while calling all his previous subscribers.) I am very happy to say that we have continued to communicate and he will be a co-author on a paper that will be coming out in The Colonial Newsletter in August which discusses Virginia coinage forgeries. "Now the real reason I write this summary is for the numismatic bibliophile who is most like unfamiliar with The Gold Frog. This book is not only a fantasy novel but is also a numismatic riddle. It was written in 1991 and self-published by the author using Business Images, Inc. with a publication run of 500 copies. "The prose are unusual and the story line is reminiscent of Alice in Wonderland, but with a decidedly Virginia coinage twist. In essence, Mr. Veach provides hints throughout the book concerning a “hidden treasure”. In hunting for the treasure a Virginia coin turns up in the story line and it is actually pictured in the book. In fact, the Virginia colonial coin is the only photograph in the book. "I belatedly found out from the author that his photo has major significance. However, to elucidate this significance you need to be an astute student of the Virginia coinage series. To use the author’s own words to describe the book, 'this story is not merely a simple work of fiction, for there is that single, irrevocable thread of historic and romantic presence of an era gone by, a land with a dream, a people with a destiny and rigid standards set by men who lived “the old ways”.' "Though there will be no Pulitzer nominations for this book, it does nicely fit into the numismatic library for those with an eclectic, if not very eccentric, interest in unusual literature associated with colonial coins." [Roger has donated copies of The Golden Frog book to the American Numismatic Society (ANS) and the Colonial Coin Collectors Club (C4) libraries in Mr. Veach's name. -Editor] REVIEW: BOWERS' BUYER'S GUIDE TO SILVER DOLLARS & TRADE DOLLARS Last year (2006) Zyrus Press published the third edition of Q. David Bowers' "A Buyer's Guide to Silver Dollars and Trade Dollars of the United States." John Dannreuther edited this edition, fully updating pricing, mintage figures, population and photos. The editor and publisher did a great deal of legwork to obtain over 200 color images (one for nearly every coin) from a number of different sources, all credited in the book. Also new is a chapter on Sacagawea dollars. The book is available from the publisher at $19.95. The "Buyer's Guide" series includes titles on the "Rare Coin Market" and "United States Gold Coins." Like the newer Bowers "Red Book" series from Whitman, these "Buyer's Guides" are useful one-volume reference works handy to carry to coin shows. As the author correctly notes in his introduction, this 6x9 416-page paperback is quite modest, particularly compared to his mammoth 1993 2,000+ page two-volume encyclopedia on the topic. While not covering the topic in depth, the book does offer a very readable overview of the subject suitable for beginners and serious collectors alike. While my favorite parts are the short narratives opening each section, the meat of the book is in the coin-by-coin summaries enumerating key facts such as mintage, estimates of quantities melted, estimate surviving population, striking characteristics, known hoards and "collecting commentary" - notes on the relative availability of the coin in numismatic channels. The book is a very sweeping treatment of the subject, beginning with the 1794 Flowing Hair Dollars, covering the famous 1804 dollars in a separate chapter, then advancing forward in time through to the Susan B. Anthony and Sacagawea dollars. The final chapters cover Trade Dollars and the bullion silver "eagle" dollars. While it's unlikely that any one collector would have an interest in so many diverse coins, it's interesting to see them together between the covers of one book. A type collection of U.S. dollars would make for an interesting coin show exhibit. For more information, see the Zyrus Press web site at: More Information LIBERTY SEATED COLLECTOR'S CLUB WEB SITE AND JOURNAL INDEX Len Augsburger writes: "The Liberty Seated Collector's Club now has an online presence at lsccweb.org. NBSers in particular will be interested in the Gobrecht Journal Comprehensive Index which has been recently posted ("Resources" page). It contains 5200 entries for issues #1-#97, articles are cross referenced multiple times by each coin appearing in a given article. Bibliophiles who appear in the index as authors include Robert Julian, Q. David Bowers, Tom DeLorey, Craig Sholley, Walter Breen, Don Taxay, Andrew Pollack, David Lange, John Dannreuther, Mark Van Winkle, and many others. Long time LSCC President John McCloskey has over one thousand entries in the index. Many thanks to Dick Osburn who did the bulk of the work on the creation of the index." NOTES ON RECENT NUMISMATIC PERIODICALS The March 2007 issue of COINage Magazine has a nice article beginning on p68 titled "The Secret of the Pratt Coins - Bela Lyon Pratt's Granddaughter Reveals Much About the Man and His Coins." The granddaughter, Cynthia Kennedy Sam, wrote the article based on files of Pratt's correspondence. Exclusive to COINage, the article is illustrated with family photos. Sam is preparing a full biography on Bela Lyon Pratt. The ANA's Numismatist magazine for February, 2007 includes a very practical how-to article by Gregory G. Brunk on using the Internet for numismatic research. It's the second of two parts, but I somehow missed my January issue and haven't seen the first part yet. Great advice, very well done - I would recommend the article to any curious numismatist. MORE AMERICAN MEDALLIC NUMISMATIC LITERATURE: JEFFERSON AND VATTEMARE John Adams writes: "Here are two more suggestions for your medal Bibliography: "1) The Papers of Thomas Jefferson, edited by Julian Boyd. Volume XVI of this magnificent series has a wealth of primary material on the creation of the Comitia Americana medals, arguably the most important historical medals that this country has produced; "2) Alexandre Vattemare's Collection de monnaies et medailles de l'Amerique du Nord...This scarce volume contains a listing of U.S. medals which, for its time (1861) was amazingly complete. It is sad but true that the recipient of Vattemare's largesse, the Bibliotheque Nationale, has lost or misplaced most of the collection." 1865 MEDAL OF HONOR AWARDEE'S HEIRS MAY BE FOUND In last week's issue we noted the story out of Indianapolis about a rare Civil War Medal of Honor that had been saved from a scrap metal drive in World War II. The current owner was seeking to return it to the original family. An article published Friday in the Indianapolis Star noted that "the nationwide search that began at Brownsburg Public Library indicates that Dorothy Ann Carter Hajek, Baltimore, is the great-great-granddaughter of Medal of Honor recipient Joseph F. Carter." "Wilkins said helping solve the mystery was made even more poignant when he learned Hajek has been searching for the award for 20 years. 'I spoke with (Hajek) at length and I do think she's the right person,' Grismore said. Yet, the Indianapolis resident still wants to be cautious about turning over the medal, so she will talk to her family and ask for more information from Hajek and Smolenyak first. 'I want to know her connection (to Carter) exactly,' she said." To read the complete article, see: Full Story 1861 ABORIGINE BREASTPLATE FOUND IN AUSTRALIA The recent Ford sale of Indian Peace Medals (ahem, 'Medallic Distinctions Awarded to First Peoples') brought attention to the long-ago practice of giving medals and other ornaments to native peoples. An article published this week discusses a similar item given to friendly Aborigines in Australia in the mid 19th century. "Six years ago, on one of their desert day treks near Innamincka in South Australia's far north-east, Eric spotted what he first thought was a piece of browned tin, half buried in a dune. "Picking it up, he noticed the 20-centimetre-wide, crescent-shaped object had an inscription: "Presented by the Exploration Committee of Victoria for the Humanity shown to the Explorers Burke, Wills & King 1861." "What is now known is that the Ganzerts had stumbled on a brass breastplate that until then had been lost to history. "An ornament meant to be worn around the neck, it was one of three presented at Cooper Creek in 1863 to Aborigines who had tried to sustain Robert O'Hara Burke and William Wills and the member of their expedition who lived to tell their tale, John King. The other two breastplates have never been found. "James Bruce, managing director of Adelaide auctioneers Bonhams and Bruce, says the piece is "as significant as Ned Kelly's armour". He estimates the breastplate could sell for up to $500,000 when it is auctioned at sister company Bonhams and Goodman in Melbourne next month. "Mr Bruce has been verifying the breastplate's origins. His staff visited the State Library of Victoria to read the minutes of the Exploration Committee — mentioned in the engraving — which had bankrolled Burke and Wills in their bid to cross the continent from south to north and back. They also read the diary of King, the party's sole survivor. "The Aborigines helped King survive. On his return to Melbourne, he told the story. When Victorian anthropologist Alfred Howitt set out for Cooper Creek to retrieve Burke and Wills's bodies, he carried the three breastplates, bought from a Melbourne engraver named X. Arnaldi for £4 17s. "Mr Bruce says the item is like a king plate — a neck ornament that European settlers used to give to Aborigines that they felt they could befriend and negotiate with. "The breastplate will be auctioned in Melbourne, at Bonhams and Goodman's rooms, 540 Malvern Road, Prahran, on March 26. Viewing is on March 23, 24 and 25 from 10am to 5pm." To visit the Bonhams and Goodman's web site, see: bonhamsandgoodman.com.au To read the complete article, see: Full Story D. B. COOPER CASH STASH FOR SALE On Thanksgiving eve, 1971, the infamous "D. B. Cooper" parachuted into history with his hijacker's ransom of 10,000 U.S. twenty dollar bills. His is still the only unsolved domestic skyjacking in U.S. history. In 1980 an 8-year-old boy digging a fire pit along the north bank of the Columbia River west of Vancouver unearthed $5,800 of Cooper's loot, badly decomposed but identifiable by serial number. On the 30th anniversary of the event, I wrote an item for The E-Sylum asking, "Is anyone aware of a published list of serial numbers? Have any others been found? And what of the notes found in 1980 - are they still in an evidence locker somewhere?" ANA Museum Curator Larry Lee provided this follow-up: "There are at least five $20 bills still in the hands of the family that discovered three bundles of the notes ($5,800 face) along the Columbia River, ten years after the incident. The ANA was planning on having a display case at the New York ANA Convention this year showing the bills, but after 9/11, an exhibit on planes and hijacking in New York was inappropriate, so the idea was shelved. The $20 notes are in very, very poor shape, though their serial numbers do correspond to the FBI's list of the $200,000 provided to the mysterious Mr. Cooper." The eight-year-old boy who found the money? His name is Brian Ingram. Today I received the following note from Trixie Ingram, who had found our E-Sylum articles online. She writes: "There are more than five bills - in fact, you can see a picture of all the bills at www.dbcoopermoney.com. It is the Ingram family's plan to open the bills up to the public for sale." D. B. COOPER: WHERE IS YOUR LOOT? esylum_v04n48a07.html D. B. COOPER CONFESSION? esylum_v04n49a08.html D. B. COOPER LOOT esylum_v05n48a09.html To view the D. B. Cooper loot, see: dbcoopermoney.com/ NUMISMATIC FUTURIST WANTED Dick Johnson writes: "As a numismatist, can you recognize current trends and project how these events will effect the future, particularly in regard to the coins of the future and all the related particulars? How will coins of the future be designed? How manufactured? How collected? What is the future for circulating coins and coin collecting? How intuitive are you? Can you see into the numismatic future? "I am looking for a co-author. I have a 22-page outline of a projected book on the future of American coins. I am seeking a numismatic visionary who can add additional insight, balance to some of my own ideas, and add some of their own. I see this book could guide, perhaps, a lot of the actions of the Treasury Department, U.S. Mint, the Mint’s Engraving Department, the choice of numismatic items to be marketed by the Mint, in addition to a guide for major numismatic organizations. Perhaps even some suggestions for the U.S. Congress itself to enact creative and innovative legislation. "I am not looking for anyone studying price trends. The views to be included in this book must be more basic, more to the core of any future numismatic activity. If you lived 50 or 100 years from now, what would you recommend to those of us living now to be done to achieve the advances in the field that are sure to come about. Dream a little. Think a lot. Write it down. "Royalties from the sale of the book are to be split. Don’t worry about getting the book published. But do contemplate what you perceive will be the future of coins and collecting and what is your basis for these opinions. "Please, no employee of the Treasury Department, no member of the Citizens Coin Advisory Committee, or the previous CCCAC (although you would make an ideal candidate, perhaps). I am seeking an independent thinker and writer without any official blinders, restrictions or "group-think mentality." ("It can’t be done" should not be in our vocabulary.) "Write me a letter. As a test, tell me if you feel the cent coin will be -- or should be -- eliminated. [And if you think the cent should be eliminated, tell me when – Think like a Futurist!] Write any length, half page, or more. For the co-author I choose, we will exchange Letters of Intent, a formal contract will come later. Dick Johnson, 139 Thompson Drive, Torrington, CT 06790. Inquire by email if you wish but send the letter by hard copy. dick.johnson@snet.net" THE ART OF THE EX-LIBRIS We've had several discussions about bookplates in the past, and I recently came across a web site devoted to the art and collecting of bookplates. "The close relationship between the Ex Libris, Books and the Bibliophile has been an established tradition over the centuries since the invention of the movable type in the XVth century, by Guttenberg [1]. Without books and bibliophiles who love them, there wouldn't have been ex libris, at least till recently, as we will discuss later. "Indeed, ex libris - Latin expression meaning «from the books of…»-, or bookplates, as they are called in the English language, were born out of the need to identify the book's ownership being thus a sign or mark of ownership of books that compose one’s library. "As a mark of possession, it begun to be a manuscript inscription with the owner’s name or his owner's hand painted armorial. But after the invention of the printing press, ex libris became a small printed label, pasted into the volume’s back cover binding, bearing its owner's name and a sign of personal identification, usually an armorial device artistically executed through wood cut or wood engraving process begun to be used." To view the web site, see: jvarnoso.com/exlibris ONLINE TRIBUTE TO MIKE RINGO Alan V. Weinberg writes: "With respect to the surprising demise of a "youngish" Mike Ringo, his death brings to mind the sudden and premature cancer-related death of American colonial dealer Dave Sonderman in the 1980's. Both Mike and Dave were very similar in their approach to the historical and esoteric aspects of our hobby." Dave Wnuck writes: "I saw the tribute to Mike Ringo in the most recent issue. His untimely death shook me up. I put an article with my remembrances of Mike on our website. I wanted to educate those who didn't have the pleasure of knowing Mike to know just what the numismatic community has lost." [I've reprinted Dave's tribute below in its entirety. -Editor] "We lost a good friend and numismatic colleague this week with the passing of Mike Ringo. "Most coin collectors and dealers may have never heard of Mike. He was a quiet, low key collector / dealer from upstate New York who never sought the limelight or promoted himself. "He is perhaps best known for forming what was known as the 'Albany Collection' of Machin's Mills colonial coinage, one of the finest ever assembled, which was sold as part of the C4 auction in November, 2000. But I will remember him for much more than that. "To me he was the single most knowledgeable person when it came to practical colonial numismatics. Period. What I mean by 'practical colonial numismatics' is the knowledge that he gleaned from decades of actually looking at colonial coins. But it wasn't simply his knowledge that made him special, it was his willingness to share what he knew and help others in this hobby that made him special. "He was the best at detecting colonial fakes "There are others still with us who are skilled at detecting really deceptive counterfeits, but Mike was simply the best there was. I have a bit of an uneasy feeling right now, now that Mike is gone. One less expert out there to tell the good from the bad. "He could attribute most colonials by die variety from MEMORY "If I hadn't seen him do it, I might not have believed it. Mike could attribute colonial coins by die variety completely from memory. That ability showcased his amazing intellect and memory. Consider that there are 350 die varieties of Connecticut coppers -and that is just one colonial series. I (and most other colonial colonial coin specialists) have to rely on books and photos to do what he did in his head. His memory allowed him to discover several new die varieties of colonial coins which he wrote about in various colonial coin journals. "He shared his knowledge freely "Mike was always available to help a fellow collector or dealer, anytime, anywhere. I sent Mike many coins for his opinion, and I asked him many questions through the years. He always gave me the straight scoop, unvarnished, exactly as he saw it. Sometimes questions asked of Mike were sensitive, with different parties having vested interests in a coins authenticity, and significant financial implications based on the outcome. Mike always navigated these situations with grace, was impartial, always honest and always maintained the respect of his colleagues. "I'll remember Mike as one of the all-time greats in colonial numismatics. It would not be an overstatement to say that his contributions were as significant as some who are admittedly more famous and whose names adorn reference books and catalogs dating back to the mid 19th century. But I don't think Mike would be too troubled by that as that wasn't what was important to him. "What was important to him was doing what he loved and sharing his enjoyment with others. "Mike Ringo made a huge, positive impression on me, and I am going to miss him. To view the Mike Ringo tribute in its original form, see: Mike Ringo Tribute WHITHER THE PRINTED CATALOG? This one his a nerve - we have comments from a number of subscribers on both sides of the issue raised by Karl Moulton about the need for printed numismatic auction catalogs in the Internet age. Bob Christie writes: "I totally agree with you about not eliminating the printed auction catalog. There have been times when I've bought items that are unusual or I don't collect because I've had time to glance at every lot quickly. I wouldn't or don't have the time on the Internet." Alan V. Weinberg writes: "I agree completely with the concept that "out of sight is out of mind" when it comes to computer disks of auction contents replacing printed/mailed auction catalogues. The sumptuousness of the cataloguing and photography is what first draws the collector or dealer to be interested in an item and think "that's for me (or a client)!" "I know few serious numismatists who will search computer disks to find items of interest. "And the hand-annotated auction catalogue for an important sale (such as the Ford auctions by Stack's) are almost invaluable for pedigree and re-living the excitement of the sale years later. I still regularly refer to my extensively annotated Garrett/JHU 4 catalogues 1979-81 including such written comments as "$5,000 jumps yelled out"." Julian Leidman writes: "I agree with you, Wayne, about auction catalogues. DVD's already have been proposed by Heritage and their thoughts were to go to those eventually. Jim Halperin, co-chair of Heritage is an accomplished and published futurist, and I am sure knows what he is talking about and proposing. "My difficulties with the DVD's are that it actually takes much longer to browse a catalogue via that method than it does simply browsing thru it. It is also much more convenient to do on an airplane or even sitting at home in your easy chair. Eventually, I am almost certain the auctions will some how be presented that you can clip something on to your glasses and browse thru that like a catalogue really at your leisure. Only the future will tell." Robert Rhue writes: "I am as avid a recycler, and as respectful of our natural resources, as anyone. However, as a buyer in auctions I have to agree with the position that without a hard copy, viewing an auction catalog online is so slow and cumbersome as to be overwhelming. Perhaps some compromise can be made to where the hard glossy catalogs with the pretty colored pictures could be substituted by a catalog which uses thinner, cheaper paper. Then we potential bidders could peruse the catalog, narrow down which lots we wanted to view in full color, and bid from there. But at this point in time anyway there's no substitute for having a hard copy in order to at least be able to preview in a quick and efficient manner the entire contents of a given auction." On Karl Moulton's side of this debate is Tim L. Shuck of Ames, IA, who writes: "I, too would like to see catalogs available in DVD format. As much as I like to look through the printed versions, I've accumulated quite a few just in the last two years and space is already becoming an issue; can't image where I'm going to put everything a few years down the road. "I returned to coin collecting a few years ago, and all but a couple of my purchases have been through the web. I didn't initially realize that printed catalogs were even available, because my experience in other interests (such as photography) was not that a printed catalog was necessary; nearly anything I needed could be researched and ordered using the Internet. "In the last five years I don't think I've ordered much of anything from a printed catalog, even though I get many in the mail, because offerings duplicate what's shown on the web. There may be more catalogs today not because potential buyers demand them but because past history has become the pattern for future efforts. Understanding that some can't or won't use a desktop computer, perhaps there is never-the-less room for a different vision and a different approach. "The web is not a DVD, however, but for the data volumes typical of a numismatic offering, DVDs might be better. Web searching is often compromised by bandwidth restraints, poor search capabilities, and slow client-side server response time. Some sites are good but some are, well, not; a situation likely to remain until all buyers have high-end bandwidth and all dealers have high-end server systems. Until then, DVDs could provide very high resolution imagery, an interactive index, all the text desired, greater longevity compared to the web, and more. "If properly formatted and indexed, a DVD catalog would allow fast and efficient page-by-page browsing for those who want to do that, but also enable customized searches to find things of specific interest. It is the search capabilities that give DVDs huge advantages in my opinion, particularly for those who use catalogs for comparative research (how one company's offerings compare to another's, what the trends have been for this coin, provenance, etc.). "I think there would also be huge potential for unique marketing and promotion efforts as well. Imagine being able to watch a Stack's expert describing selected Indian Peace Medals from the John J. Ford, Jr., collection, or viewing an AV clip from a past auction where a specific rare or unique coin currently offered was previously sold. "Another advantage would be (hopefully) the ability to make available catalogs no longer in print, something that is a recent interest of mine (and yet another sales opportunity for the dealer). "For marketing reasons alone it wouldn't surprise me to learn that at least one of the major auction companies is already seriously evaluating DVD media as a viable alternative or complement to printed catalogs. Because some online dealers already hold successful auctions without creating printed versions, I don't think the transition need be that painful and that both formats can and would coexist without compromising any one dealer's marketing efforts." [There are few bigger fans of technology than me - I'm obviously all for electronic publishing. But there are limits. Every new technology can augment and improve upon the old ways of doing things, and in the case of computers and the Internet, publishing numismatic information is now far easier and cheaper than it ever has been. But be careful which technologies you choose to adopt and where, or you could be taking a big step backwards. For example, if Abraham Lincoln were giving his address at Gettysburg today, a public address system could allow more of the assembled crowd to hear his words, and video projectors could allow far more attendees to see him. Television and satellite coverage could allow him to be heard and seen around the globe. So far, so good. But here's what the address might have looked like if Abe had augmented his speech with another modern technology: -Editor] The Gettysburg Address Powerpoint presentation http://norvig.com/Gettysburg/ LIBRARY OF CONGRESS TO DIGITIZE AMERICAN BOOKS Dick Johnson writes: "The Library of Congress just announced that it has received $2 million from the Alfred P. Sloan foundation to digitize thousands of certain books in its collections. The project is titled "Digitizing American Imprints." The project will concentrate on brittle books, books of American history, U.S. genealogy and regimental histories, certain photographic books and books from six specialized collections. Some of the regional histories include memoirs, diaries and other collections from the Civil War period. See the entire press release at: Full Story PRINCETON LIBRARY JOINS GOOGLE PROJECT "Princeton University has become the 12th major library system to join Google's ambitious, sometimes-controversial project to scan the world's great literary works and make them searchable over the Web. "The Web search leader said on Monday Princeton had agreed to work with it to digitize about 1 million public domain books -- works no longer covered by copyright protections. "More details can be found at Full Story." To read the complete article, see: Full Story ON SILVERPLATING COPPER IN THE 1700S Regarding the question on silver coating a copper coin, Paul Schultz writes: "One possible method is currently called "immersion" plating. A silver salt is dissolved in water, and a piece of copper or other metal relatively more susceptible to corrosion is immersed. In what is called an exchange reaction, the silver ions are reduced to form a silver coating on the metal, while the metal substrate dissolves slightly (oxidizes) to provide the electrons for this oxidation/ reduction reaction. Thus, no electricity is needed. "Silver salts could have been created at the time by dissolving silver metal in an acid, and then neutralizing the acid with a base such as lye. However, the coating obtained this way is very thin and often poorly adherent. It would have worn off after the coin passed through only a few people's hands. Therefore, the thickness of the silver layer is important in determining how it was applied. "Less than a ten thousandth of an inch implies a chemical deposition such as immersion plating. More than 1 thousandth suggests a mechanical method, such as possibly placing a silver foil over the clean copper planchet before striking, or dipping the planchet in hot molten silver, or some other mechanical method. "Additional information can be obtained by examining the interface between the silver and copper layers, to find if they are distinct (cold bonding) or gradual (suggesting molten metal). A close technical examination of the coin is needed, and some tests might damage the coin." FLYING EAGLE CENT PATTERN COMPOSITION TESTING Rick Kay writes: "I’m SEM-EDX testing 1854 and 1855 large flying eagle patterns to determine what the variations are in metallic composition. I am also studying die characteristics in an effort to determine the timing of the production of the various Judd numbers. Finally, I am going to study the color, reflectivity and other characteristics to figure out any trends. I’ve tested over 20 so far and will be sending in another 30 or so in the next two weeks. Here are some questions I currently have: "What is the range of compositions for oroide in 1854 and 1855? "Is 90:10 thee same as 88:12 in C-N coins? "For bronze, what is a reasonable variance from 95:5? What about percentage of Sn v. Zn? "Information or leads on Mint or other records "Is there any reference in Mint or other records to oreide or oroide?" INFORMATION ON TOKENS OF THE CRUISER LAMOTTE-PICQUET SOUGHT Howard Daniel writes: "During a visit to Ho Chi Minh City (Saigon) several years ago, I noticed some brass-colored tokens in a junk box. The obverses have a unit crest-like device with an anchor in the center and Lamotte-Picquet across the top, and the reverses have 1F, 5F or 10F. Right now, I can only find these three denominations in my "black hole" but I thought there was also a 20F denomination. "During this visit, I looked at the inventory of many different dealers and shops, and I found a few more of them to purchase, but no more after that visit. "I started asking the dealers who was bringing them in and all of them told me they were non-collectors who found them in the mud south of Saigon Port where there is much construction for a new port. They appeared in the mud and their shine made the people think they were gold so they jumped in to retrieve them. "When I got home, I typed Lamotte-Picquet in an Internet search and found their was a French cruiser (croiseur in French) by that name docked in that vicinity during WWII and sunk by US Navy bombing in 1945. "When I told people about it, I got one interesting response from an old man. He said there was a ship's store on the cruiser and the crew and some dock workers could use it. When the ship was sunk, many of the crew and workers threw the tokens into the water next to the ship. Sounds good to me. "I have been researching the tokens and/or their ships store for several years and I cannot find a single reference describing them. Does a reference exist with these tokens in it? If so, please contact me at HADaniel3@msn.com." ROUNDING OFF CASH TRANSACTIONS Dick Johnson writes: "To answer David F. Fanning’s question on revaluing the cent (I still find it difficult to use the term "rebase" as in last week’s E-Sylum), I can offer two examples: "More than two years ago Israel discontinued the one-agora denomination, forcing Israelis to round off cash transactions to 5 agora multiples. This was reported here in The E-Sylum on February 20, 2005. At that time, a drug store chain in Israel (SuperPharm) rounded DOWN all prices ending in 1 to 4 agora and 6 to 9 agora to multiples of five agora (instead of UP as some might expect greedy retailers would do). The pharmacy chain publicized the new policy in their advertisements. They found this was an inexpensive way to gain a competitive edge in a retail business – albeit small -- at a very low cost. "States here in America, after introducing the sales tax in the 1930s, issued "mill" tokens (of metal, then plastic and paper) to collect the tax of a few mills on a dollar. Ultimately they turned to rounding up to a full cent (and still do!). I remember in the late 1940s as a teenager being a cashier at an A&P grocery store shortly after this. Each cash register had a pasted schedule for the sales tax charge for sales: up to, say, 15c - no charge, from 16c to 39c -one cent, or some such charge. After awhile I could remember the charge without reference to the cheat sheet, and calculated the tax in my head, entering that figure, then hitting the sales tax key. Today all sales tax is calculated by the cash register. "In the end, Dave, in my plan of abolishing both cent and nickel it would all balance out. Sales up to 4c or 5c would round down, from 5c to 9c round up to the nearest tenth of a dollar (as the dime would be the smallest coin). Two Pennsylvania professors studied the subject of rounding off cash transactions. They analyzed several hundred thousand cash transactions at convenience stores and found that in the end rounding off would have little difference. The effect to both buyer and seller would be insignificant. "The critic who stated it would be a loss to Americans of some $400 million a year was simply irrational. This would have required 40 billion transactions ending in exactly 5c where the seller always rounded up. Hogwash! "Dave asked the effect on the economy. I predict it would be a benefit because of so many efficiencies (and we will HAVE to do it sometime in the future, the earlier this is done, the earlier to effect these economonies). He also surmised the banks – with their stocks of cent coins would realize an unearned profit – correct. Best part, however, this did not come out of anyone’s pocket! "The secret would get out, says Dave, and cause problems. It’s no longer a secret, I have been writing about this since last September. I commented on this to my dentist. "The government won’t do it," he says, "they would rather take some small step." That’s why I called for dramatic action last September (published here in The E-Sylum)." ISRAELI ONE-AGORA COIN DEMONETIZED esylum_v08n08a13.html DICK JOHNSON'S DRAMATIC SOLUTION TO THE RISING COST OF CENTS esylum_v09n39a13.html HONG KONG SHOPS NOT ACCEPTING SMALL COINS Dick Johnson adds: "Another reason for revaluing small coins and rounding off is the current situation in Hong Kong. Retailers are refusing to accept 10-cent and 20-cent coins (smallest coins in circulation). The reason: banks are charging two percent for deposits of 500 of these coins (and only in 500 coin quantities). Thus retailers refuse to accept the small denomination coins. "A recent article tells of a reporter’s experience in a local bakery. He also recounts a shortage of small coins there in the 1970s." To read the complete article, see: Full Story NEW YORK TIMES LINCOLN CENT OPINION PIECE A February 11, 2007 New York Times Op-Ed piece by David Margolik is titled 'Penny Foolish'. The lengthy piece discusses the entire history of the Lincoln one-cent piece from Roosevelt's goals through the present day. Much interesting numismatic lore is covered, including some items I don't recall seeing in print before, such as poems about the coin and some accounts of the public clambering to get them when first released in 1909. "Even rain couldn’t dampen the intensified rush in Lower Manhattan, which by Friday saw crowds extending from Pine and Nassau Streets east to William Street, then around the corner to Wall Street. Banks complained that their regular customers couldn’t get through the swarms. "Some people near the front of the lines sold their spots for a dollar. The more impatient and ingenious hired women, who in a still chivalrous era were not made to wait. “Within 15 minutes there were enough girls at the door to make it look like a bargain counter sale on a busy Monday,” The Sun reported. To The Times, the scene resembled Wall Street during the panic two years earlier. "Many in what The Tribune called “the penny-mad crowd” were poor children, faces out of Jacob Riis or Lewis Hine photographs, some carrying a single battered Indian Head penny to trade in, others far more entrepreneurial. The resale rate hovered around three new pennies for a nickel, though it shot up whenever supplies ran low." "No one was more pleased with the new coins than African-Americans. A report from Middletown, N.Y., described “a furore among the colored residents, many of whom appear to think that the pennies were issued for their special benefit.” But the new coins were not always so welcome. They were too thick for vending machines and, to the horror of the telephone company, could pass for nickels. Their shininess gave thieves conniptions: a man sticking up a train in Altoona, Pa., carted off a bagful, worth $50, while leaving another bag, containing $5,000 in gold, behind." To read the complete article, see: Full Story USA TODAY ARTICLE HIGHLIGHTS NEW DOLLAR COIN EDGE-LETTERING While it doesn't get into the details some numismatists might like to see, it was gratifying to see a Wednesday, February 7, 2007 article in USA Today about the new dollar coins that discusses the edge lettering process, which hasn't been done on U.S. coins in decades. The online version of the article links to a set of eleven great color photos of the Philadelphia mint operation and personnel including sculptor-engravers Don Everhart and Joe Menna. Of particular interest (to me, anyway) are photos of the computer screens used by the staff to refine their designs, and a photo of a set of master dies and reduction hubs for the new Washington dollar. To view the Philadelphia Mint photos, see: Full Story "In most government buildings, workers and visitors have to walk through metal detectors on their way in. "While that's also the case at the Philadelphia Mint, the biggest scrutiny comes when it's time to leave the building. Highly sensitive metal detectors scan people and their items for any coins. The smallest amount of metal, even underwire in bras, can set off the buzzer, leading to additional searches." "Walking through the Mint, you'd think you were in any other factory, surrounded by machinery, forklifts and signs encouraging workers to wear safety goggles. "Except for one thing: the sound, an unmistakable jingle-jangle of millions of coins being stamped out of long sheets of metal weighing as much as 10,000 pounds each, then rolling down conveyers. It's as if every slot machine in a Las Vegas casino were paying out at the same time." "When Congress ordered the new dollar-coin program, it created several challenges. Perhaps the biggest was that the legislation required the phrases "E Pluribus Unum" and "In God We Trust," along with the year and the mint location, to appear in recessed letters on the edges, rather than the faces, of the coins. Such lettering allows for a larger portrait, draws attention to the wording and provides something different for coin collectors. "That created a headache for the engineers and others trying to figure out how to mass-produce the coins, says Richard Robidoux, plant manager at the Philadelphia Mint. Edge lettering hasn't been used on a coin since 1932, so Mint officials didn't have experience manufacturing coins with that feature and didn't own machinery that inscribes on the edges of coins. "A real challenge was coming up with a process to produce the coins quickly. 'It's one thing to make it work, it's another thing to make it work 3 million times a day,' Robidoux says. "The Mint figured out how to make it work, with an interesting twist. Because the coins are fed through an edge-lettering machine a thousand coins a minute at the end of the minting process, the lettering's placement on the edges will be different from coin to coin." To read the complete USA Today article, see: Full Story HOCKEY PLAYER A FORMER COUNTERFEITER The Boston Bruins' newest player is a former counterfeiter, according to an article published today in the Worcester, MA Telegram & Gazette: "Maybe Brandon Bochenski printed counterfeit money, but there’s nothing bogus about the 24-year-old forward’s goal-scoring skills. "And you can take that to the bank, which is more than you can say for the phony $5, $10 and $20 bills that the Bruins’ newest forward and a high school chum — both just 18 years old at the time — were caught passing after printing them on a personal computer back in Blaine, Minn., where Bochenski grew up." "'That usually comes up in any new city I go to,' said Bochenski, who pleaded guilty and got off with community service. 'We were kids and it was a mistake. Unfortunately, we had just turned 18, so it made it a little more tricky, but we were just messing around. We were young kids. You live and you learn.'" To read the complete article, see: Full Story BANK OF CANADA ANNOUNCES BANKNOTE REDESIGN The Bank of Canada is planning a major redesign of the country's banknotes. Brian Zimmer writes: "I came across the following remarks by David Longworth, Deputy Governor of the Bank of Canada to the Greater Kitchener Waterloo Chamber of Commerce Waterloo, Ontario, 6 February 2007: "'To deter counterfeiting, we do three key things. First, we take a great deal of care in designing bank notes. As I speak, my colleagues at the Bank are hard at work designing the next generation of bank notes, planned for introduction beginning in 2011...'" To read the full text of Zimmer's speech: Full Story That same day, another Bank of Canada official made a similar announcement, which was picked up by the general press: "'As I speak, my colleagues at the bank are hard at work designing the next generation of banknotes, planned for introduction beginning in 2011,' David Longworth said during a Chamber of Commerce speech in Kitchener-Waterloo, Ont., on Tuesday. "'By 2009, we aim to reduce the level of counterfeiting to fewer than 100 counterfeits detected annually per million notes in circulation,' he said. That's down from 225 per million in 2006, 326 per million in 2005 and 470 per million in 2004. "'Can we do better?' Longworth asked his audience, just before answering his own question. 'We think we can.'" To read the complete article, see: Full Story CANADA AUTHORIZES MILLION-DOLLAR GOLD COIN? The Times-Colonist of Canada reported a bizarre story this week, far too soon for April Fool's Day: "In a move some see as downright loonie, the federal cabinet has authorized the Royal Canadian Mint to produce $1 million gold coins for collectors with deep pockets. "Not to mention a wheelbarrow to get the hefty thing home." "Currently, the most expensive non-circulation coin offered by the mint is the 2007 Gold Maple Leaf, a $1,900 memento with gold content so pure its vulnerability to marks and scratches has generated negative reviews among collectors. "Mint spokesman Alex Reeves was coy about the scheme. "'All we have, by way of this order in council (cabinet) from government, is a green light to produce it. The very least I can say is it's not something that's in the cards for 2007.'" "Dennis Bevington said even if the once-bustling gold mines near Yellowknife were still at peak production, it would take a week for them to produce enough gold to make just one of the coins. "Bevington joked at the estimated 1,200 ounces (34 kilograms) of gold it would take to produce the coin if the mint establishes the same level of purity it has for the Gold Maple Leaf. "'You don't want it to roll out of your pocket when you sit down, do you?' he said." To read the complete article, see: Full Story John Regitko, editor of the Canadian Numismatic Association E-Bulletin obtained a comment from the Royal Canadian Mint Manager of Communications about the possibility of such a coin. In the latest issue of the E-Bulletin (February 9, 2007) he writes: "Alex Reeves told me that the Mint was receiving calls from the press from around the world and although work on it is indeed proceeding, they still have to conduct a feasibility study and investigate the potential market demand. “We will let the world know when we make a decision,” he added." ALTERNATIVE CURRENCIES TO THE EURO Bill Snyder forwarded this article from the International Herald Tribune. An Associated Press article on the topic appeared this week as well. "Christian Gelleri, with his straightforward manner of speech, rumpled suit and home office, hardly resembles the polished central bankers whose every breath captivates financial markets. But just as Jean-Claude Trichet, president of the European Central Bank, lays claim to the title "Mr. Euro," Gelleri can plausibly call himself "Mr. Chiemgauer." "Gelleri runs an organization that issues an alternative currency, known as the chiemgauer, that consumers in the region southeast of Munich use to buy everything from pizza to haircuts to rugs. Designed to foster the production and consumption of local products and services, the chiemgauer takes aim at the reigning central banking orthodoxy that pumping more cash into an economy accelerates inflation and eventually harms growth." "Issued by private organizations, these currencies are probably better understood as vouchers — pieces of paper that can be redeemed for goods and services at specific regional businesses that have agreed to accept them. "By having charitable organizations sell them at a profit for euros, the organizations create an incentive for people to obtain them in the first place — on top of harnessing an altruistic desire to buy locally in an era of globalization — and businesses that accept can tap into a new vein of customers. "But they also typically include a feature aimed at jarring users into spending them more quickly than they would euros. In the case of the chiemgauer, the notes lose 2 percent of their value each quarter if people do not spend them in time." "Regiogeld, a German association for alternative currencies, currently tracks 21 such types of money in circulation in Germany, Austria and Switzerland, with an additional 31 in preparation. Gerhard Rösl, an economist with the University of Applied Sciences in Regensburg, has also located similar experiments in Denmark, Italy, Scotland, Spain and Italy. "Gesell, a German émigré to Argentina and socialist activist, argued that money that sits in a bank was like dead weight on an economy, because it was accruing interest rather than being spent to fire consumption and production. Gesell proposed that money automatically depreciate over time — that is, inflation should be hard-wired into the currency — to generate an incentive to spend quickly." "Gelleri, a 33-year-old former economics teacher, contends that the statistics bear out the anecdotes. While the euro money supply turns over about seven times a year, the supply of chiemgauers does so at three times that rate. "Orthodox economists do not dispute that the chiemgauer's velocity outstrips the euro's, but they contend that people will logically draw fewer chiemgauers to protect themselves against the automatic devaluation. Rösl, the Regensburg economist, jeeringly calls the chiemgauer "schwundgeld" — "disappearing money" — to drive home his point. "Yes, people spend the money more quickly," Rösl said. "But this money is expensive, because it loses value, so people are bound to hold less of it than they would otherwise." To read the complete article, see: Full Story To read a related Associated Press article, see: Full Story ON SUBSTITUTING STAMPS IN ENCASED POSTAGE Regarding Katie Jaeger's question last week about U.S. encased postage stamp denominations, Fred Reed writes: "John Gault made 5 and 10 cent EPS to CIRCULATE. One- and three-centers were ad pieces. Above a dime they were simply curiosities or in many cases fabrications." Another subscriber writes: "The encasements are made with a brass shell which is embossed with the advertising copy. The stamp is inserted into the shell and a clear round piece of mica is placed over the stamp. Then, the brass shell is crimped to hold the mica in place. Anyone wanting to replace the stamp would simply bend the brass retainers back, remove the mica and the stamp, put the higher value stamp in place, and fold the retainers back over the mica. "I've also heard of cases in which the mica was cracked or the stamp had deteriorated. This would provide another incentive for replacement. Is it possible to determine whether an encased postage piece has been taken apart? Ancient coin experts look for evidence of 'tooling'. Can this be done with with encased postage? "I believe there was a civil law suit on this issue years ago in which John Ford claimed he was a victim of fraud. As I recall, Ford accused Len Glazer of substituting a higher denomination stamp in order to enhance the value of an encased postage item which was subsequently sold to Ford. Expert witnesses were called to give testimony during the trial. I can't remember which side prevailed. "I vaguely remember Coin World reporting this trial. Isn't Coin World available on Microfiche or Microfilm? Do you know if an index for news articles exists? I hope you hear from others about this, perhaps someone with a better memory and fact finding talent than I." [Anyone who watches CSI or any of the popular crime-scene investigation television shows knows that a criminal invariably leaves physical evidence of his deed. The problem is the time and cost involved with ferreting out that evidence. Some deeds are harder to trace than others. With encased postage stamps, there can certainly be evidence of tooling on the encasement itself. Other methods leave fewer marks, and I believe Ford discussed some of these in a Numismatist article on the subject. One method involving heating the metal allowed for the bending and restoration of the case without leaving tooling marks. -Editor] THE OED ON JAIL VS GAOL VS GOAL Dr. Kerry Rodgers writes: "I thought I could give this one a pass but I couldn’t resist it. Martin Purdy referred to the Concise Oxford. Knowing the limitations of the Concise, I opted for its Big Brother, The Oxford Dictionary of English (revised edition). Ed. Catherine Soanes and Angus Stevenson. Oxford University Press, 2005. I had got intrigued by the etymology that was being quoted and particularly the comment from David Fanning, “If the OED doesn't know, you can be sure it's a stumper.” The OED does indeed know. "Firstly, among its 13 definitions of “goal”, none makes reference to incarceration. "Secondly, it gives “jail” as an acceptable British spelling but also accepts “gaol” as an alternative. It cites the derivation of both versions from Middle English, based on Latin cavea, for a cage, with the word coming into English in two forms, jaiole from Old French and gayole from the Anglo-Norman French gaole. It is the latter usage that survives in the spelling gaol, pronounced with a hard g, as in goat. Any misspelling as goal, when referring to a jail, is just that." ANA BOARD CANDIDATE: JOHN ESHBACH A number of E-Sylum readers have thrown their hats into the ring for the upcoming American Numismatic Association Board of Governors election for the 2007-2008 term. The latest is Cliff Mishler, who this week began circulating nomination papers for the 2007 ANA ballot for a position on the board. Mishler is the retired chairman of Krause Publications, parent firm of Numismatic News. Also this week, candidate John Eshbach published his position paper. The ANA election will be conducted by mail during a roughly six-week period June 1-July 15. Winners will be sworn in Aug. 11 at the Milwaukee, WI, summer convention. Here are a few excerpts from Eshbach's position statement: * Open meetings (except for personnel, disciplinary issues and the selection of award recipients) with a free exchange of information or ideas between management, officers, employees and members of the ANA without criticism or intimidation. * Support a balanced budget without the use of restricted funds or endowments. Such restricted moneys should be used only for the purposes as directed by the donor(s). *Explore the possibilities of operating satellite exhibit halls as extensions of the ANA museum, in populated areas on the east and west coasts. * Make an aggressive effort to reduce the backlog of uncatalogued donated material to the ANA library. The present library staff consists of 1 full time and 1 part time employee. The library staff should be increased accordingly to assure all the donated materials are attributed and properly catalogued. To read John Eshbach's complete platform, see: Full Story Mishler's position paper is still in draft form, but also includes calls for open board meetings and the rescission of the confidentiality agreement that ANA board members are currently required to sign. COIN AND ARTIFACT SMUGGLING RING SMASHED David Fanning forwarded this item from the BBC news about a ring of smugglers dealing in coins and other ancient artifacts: "Spanish police have arrested 52 people and seized 300,000 archaeological artefacts they describe as 'of great historic and economic value'. Officers say the items were seized in 68 raids across Spain at 31 sites of Iberian, Roman, Visigoth and Arab cultures. "According to the police, 30 of those arrested were thieves who would use metal detectors, maps, manuals and other tools to go on treasure-collecting trips. "Around 200 officers took part in the operation, which began after an investigation uncovered a group of people smuggling historical objects from undersea sites in the Gulf of Cadiz. "The thieves would send small items such as coins through the post, said the police." To read the complete article, see: Full Story A JOKE ON A COMEDY MAN Nancy Oliver & Richard Kelly write: "We came across a funny old newspaper article that we thought might make of few of your readers laugh or smile. The headline is 'A Joke on a Comedy Man', from the Denton Journal, Denton, Maryland of July 24, 1886: "Taking dinner the other night with John T. Raymond, the king of good fellows and prince of comedians, he told a good story at his own expense, which was most heartily enjoyed. It seems that at one time Raymond was a lunatic on the question of coin collecting. He had gradually gotten together a pile of old coins that fairly made his heart glad, yet with every accession to his stock on hand came a craving for more, until his fancy became a decided craze. "Passing a broker's window one day, he chanced to spy among a pile of silver coins, a silver dollar of a certain date. Now that particular date was a rarity, and a coin of that stamp was valued at four hundred dollars. So, like a boy who sees a gooseberry tart in the baker's window, he is hollow with hunger, and has a peony lying around loose in his pocket - what's to hinder him from buying the tart? So, he strutted into the shop, and after a few idle questions, inquired carelessly if the coin was for sale. "It is," said the proprietor. "What do you want for it?" said Raymond. "Four hundred!" says the man, as pat as a whistle. "Away went Raymond, but he could find no rest. The coin must be his, but just then four hundred dollars was worth four hundred dollars to him. Next day he went back and offered one hundred. The man wouldn't look at it. Next day he offered two hundred. The man was indifferent but firm in his refusal. So the next day he added fifty to his previous offer, and said: "If you will sell me the coin now is your last chance and my highest offer. What will you do?" "The man consulted his wife and agreed to the transfer. So home went the blithe coin collector, proud of his purchase and happy as a lord. Soon after, he sent his coin to the mint and received the following letter: "'Dear Sir: - The coin you enclosed, if genuine, would be worth five hundred dollars, but as it is an altered one, it is worth no more than its face value.' John Raymond read no more, but he went out into the back yard and kicked himself unconscious. He has never added to his collection since." To read the Wikipedia entry on John T. Raymond, see: Full Story [Many thanks to Nancy and Rich for taking the time to transcribe this for us. -Editor] FEATURED WEB SITE: ODESSA MUSEUM OF NUMISMATICS This week's featured web site is the Odessa Museum of Numismatics in Ukraine. From the museum's web site: "Museum collection includes over 2,5 thousand coins and other relics belonging to different historical epochs: Antique, Medieval, to new and newest time including the period of independent development of the Ukrainian state. "The core of Museum's funds form ancient coins minted by various cities-states and Bosporus Kingdom existed in the Northern Black Sea Region for almost one thousand years. "There're many unpublished unique and rare coins making the special scientific interest. The results of Museum's research activity have been embodied in the regular periodical "Bulletin of the Odessa Museum of Numismatics ". museum.com.ua/en/o_musee/ab_mus.htm 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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