|
Welcome to The E-Sylum: Volume 10, Number 27, July 8, 2007: an electronic publication of the Numismatic Bibliomania Society. Copyright (c) 2007, The Numismatic Bibliomania Society. WAYNE'S WORDS: THE E-SYLUM 8 JULY, 2007 Among our recent subscribers are Brett D. Irick, courtesy of John Nebel, Rickie Rose, Dan Burleson, David Kahn, John P Andrew, Anthony Portner and Julian Brook. Welcome aboard! We now have 1,150 subscribers. This week we open with news on the disposition of John J. Pittman's numismatic library. Dick Johnson reviews the recent History Detectives segment on Continental currency and contributes a number of items related to the Lincoln Cent, including an extraordinary photo in Popular Science magazine. Bill Snyder presents a mystery box for storing U.S. half dollars, and Alan Weinberg reviews the recent Presidential Coin & Antique Co. medals auction in Baltimore. In response to earlier queries, David Gladfelter provides background on Wayte Raymond's Standard Catalogs, and we learn about the origin of the POW/MIA stamp on U.S. paper money. In a new research query, Roger Burdette seeks information on William Ashbrook of the 1908 Assay Commission. My London Diary this week includes a visit to the London Numismatic Club, dinner with Coin World London correspondent John Andrews, and visits to the Savoy Hotel and le Tour de France. Next weekend I'm traveling back to the U.S. to visit my family. Please send any submissions early in the week to ensure they make it into the next issue. To learn how to explode a post-1982 Lincoln cent, and where to find Euro notes falling from the sky, read on. Have a great week, everyone. Wayne Homren Numismatic Bibliomania Society KOLBE TO SELL SELECTIONS FROM THE JOHN J. PITTMAN LIBRARY George Kolbe writes: "We are pleased to announce that important works from the Numismatic Library of the late John Jay Pittman will form a part of our fall 2007 auction sale. Many rare American numismatic works will be featured in the sale, among them a dozen plated Chapman brother catalogues, other 19th and early 20th century auction catalogues featuring photographic plates, classic works on American coins, and extremely rare ephemeral publications. "Also featured in the sale, from various other consignors, are rare and important works covering the numismatic spectrum, including an example of the first illustrated numismatic book, published in 1517. Catalogues may be ordered by sending $15.00 to George Frederick Kolbe, P. O. Drawer 3100, Crestline, CA 92325. The catalogue will also be accessible at our web site: www.numislit.com." LANGE COIN BOARDS BOOK In our June 17th issue we reported that David Lange's book 'Coin Collecting Boards of the 1930s & 1940s: A Complete History, Catalog and Value Guide.' had been completed. This week Dave writes: "I've found a printer, and the book is a go. The price is $39.95 plus $5 for shipping, and I'm now taking orders for delivery in mid-August. "Interested persons can view sample pages at my website. They will also find complete ordering information there." To visit Dave Lange's Coin Collecting Boards web site, see: Dave Lange's Coin Collecting Boards DAVID LANGE'S COIN COLLECTING BOARDS BOOK COMPLETED esylum_v10n24a04.html For more information, see the publisher's web site at: More Info CHICHESTER 2007: CURRENCIES IN CRISIS Yesterday (Saturday 7 July 2007) was the Summer Meeting of the British and Royal Numismatic Societies, held in Chichester and titled "Currencies in Crisis". I wasn't aware of the conference in time for later week's newsletter, but it's worth noting. Perhaps one of our readers can give us a report next week. The following description is from the British Numismatic Society web site: "This year’s will be a day of lectures examining the origins and impact of crises that have affected British and world currencies. From major debasements to abortive reforms, from the aftermath of wars to the decline of empires, currencies have suffered and failed and been rejuvenated. The changing fortunes of monetary systems have themselves also visited periods of economic and social disruption on the countries and regions within which they operated. "The lectures will span numismatics from the Roman world to the twentieth century. The speakers are Paul Cavill of Merton College Oxford (16th-century debasement), Kevin Clancy (17th and 18th centuries) and Graham Dyer (20th-century currency) of The Royal Mint; Professor Edmund King of the University of Sheffield (English coinage 1138-1153), Barbara Mears of Spink (early colonial Indian coinage), and Sam Moorhead (Roman currency) and Helen Wang (Tang dynasty coinage) of The British Museum." For more information on Chichester 2007, see: More Info FUN SHOW EVENTS AND THE SUNKEN TREASURE LITERATURE CLUB One event we're not late in reporting is next week's Summer FUN show. Cindy Wibker of Florida United Numismatists writes: "This is just a quick reminder to all bibliophiles that the first-ever Summer FUN show is next week, July 12-14, in West Palm Beach, Florida. We (FUN) hope to see many of you there! The list of dealers and schedule of events is on our website. "There are four educational seminars, two on Thursday and two on Friday. None of the topics are directly literature-related, but there is a club meeting of the Sunken Treasure Literature Club on Friday from 3:00-5:00 PM." [Here are a couple of the seminars that might be of interest to E-Sylum readers. -Editor] Thursday July 12 2:30 PM: Educational Seminar. “EARLY AMERICAN COPPERS,” by CHUCK HECK. Charles “Chuck” Heck is a recognized expert on the early copper coinage of the United States. He is a frequent lecturer on this subject at club meetings and coin shows across America. Chuck’s program will provide in-depth analysis of early U.S. Large Cents, Half Cents and Colonial coinage. Friday July 13 2:30 PM: Educational Seminar. “COINS OF THE SOUTHERN CONFEDERACY,” by ROBERT LeNEVE. Palm Beach Coin Club member Bob LeNeve is a serious student of the Southern Confederacy – its history, traditions and its coinage. In this program, Bob will give a short background on the events leading up to the Civil War, the shutting down of the southern mints and a detailed look at the regular coinage and restrikes of the Confederacy. To visit the FUN web site, see: funtopics.com To view the Summer FUN show schedule, see: coinshow_events_S.html [A web search reveals that there is an online bibliography of over 950 "Sunken Treasure & Underwater Archaeology Books plus Shipwreck Auction Catalogs, National Geographic Shipwreck Articles & Shipwreck Coin Books" from the collection of Dave Crooks. -Editor] To view Dave Crooks' Sunken Treasure Bibliography, see: Dave Crooks' Sunken Treasure Bibliography REVIEW: HISTORY DETECTIVES TV SHOW NUMISMATIC SEGMENTS Dick Johnson writes: "I caught the TV show History Detectives segment on the Continental currency this week. It was pretty much what I expected. It did feature interviews with two numismatic personalities, Glenn Jorde, chief authenticator of the Paper Money Guaranty authentication service and Bob Hoge, curator at American Numismatic Society. "E-Syluminiaries will recognize the scene in the ANS library with their mobile bookcases. (I have mentioned these in E-Sylum before, and have nightmares of being crushed by these someday). Most all the statements were accurate, save for one segment at the end, kind of a summary of coin collecting. They had to tell the story of the bare breast design of Harmon McNeil's 1916 type I quarter, but their misstatement was that all these were 'recalled.' They weren't, of course. "It was followed by a segment on short-snorters, also of interest to currency collectors. If you missed the show here is a transcription of the audio portion (with Bob Hoge's name misspelled): Full Story [Actually, I think that link is broken. Here's a link to the page for the episode. -Editor] Full Story ANS LIBRARY MOVE STATUS REPORT esylum_v07n21a06.html WAYTE RAYMOND STANDARD CATALOGUE INFORMATION Regarding Ron Pope's question last week on the Wayte Raymond Standard Catalogs, David Gladfelter writes: "See entry #867 in Charles Davis's 'American Numismatic Literature' for information on this series of catalogs. "The 1935 edition (published in 1934) was the first, and it continued annually through the 1945 edition (published in 1944) except for 1943 when only a 16-page supplement was published. The 1946 edition was the first numbered one, the 11th, and thereafter this catalog was published irregularly through the final 18th edition of 1957, of which Olga E. Raymond, Wayte's widow, was the editor. In that edition only, the substantial contributions of John J. Ford, Jr., and Walter H. Breen were recognized, although the 1938 edition and all subsequent to it did list names of the contributors. "The contents of the catalogs, as well as the titles, varied somewhat from year to year. The 1940, 1941 and 1942 editions had extensive merchant token supplements and for that reason are desired by token collectors. Others included listings of colonial, obsolete and confederate paper money. "None of the editions are particularly rare, but a precursor, titled 'United States Coins & Currency' and consisting of five separate WR publications bound together, is quite scarce. This precursor was advertised for sale at $2.50 on the inside front cover of the first five issues of Raymond's 'Coin Collectors Journal' in 1934. The separate publications included are 'The United States Copper Coins' (1931), 'Silver Coins of the United States Mints' (1933), 'United States Gold Coins of the Philadelphia and Branch Mints' (1933), 'Private Gold Coins Struck in the United States, 1830-1861' (1931) and 'United States Notes, 1861-1923' (1933). "As you can see, Raymond's topical catalogs as well as the 'Standard Catalog' had quite an influence on the development of the coin hobby in the U.S. in the early to mid 20th century. Raymond also influenced the collecting of world coins, publishing five editions of 'Coins of the World -- Twentieth Century Issues' through 1955 and two of 'Coins of the World -- Nineteenth Century Issues' through 1953, in a similar format. "For the specialist, interleaved copies of these catalogs, as well as fancy bindings can be had. Plain brown paper dust jackets were provided for the early issues, and illustrated ones for the last few. "Now for a trivia question: What rather prominent mistake can be found in each and every edition of the 'Standard Catalog of United States Coins' from the first through the 18th?" [I was stumped on this one. Can some eagle-eyed reader give us an answer? -Editor] WAYTE RAYMOND STANDARD CATALOGUE INFORMATION SOUGHT esylum_v10n26a06.html MYSTERY HALF DOLLAR BOX INFORMATION SOUGHT Bill Snyder writes: "I am wondering about this small, dove-tailed wooden box. It is marked '$250$ HALVES' on all four sides and on the sliding lid. Here are links to three images of the box: Box Image 1 Box Image 2 Box Image 3 The Dimensions are: interior - 6 1/4 x 6 1/4 x 1 7/8", exterior - 6 7/8 x 6 7/8 x 2 9/16". You can lay a five-by-five pattern of fifty cent pieces in the bottom of the box and have about 1/4" left over each way. The box easily accommodates stacks of twenty coins. So, who made it, when, and for whom?" Bill adds: "Per my Red Book, all U.S. Half Dollars (Seated Liberty to Kennedy) have the same diameter specification (30.6 mm). Unfortunately, the lid on this particular box in so warped that it will not slide completely into place." REFERENCES ON BRITISH COUNTERFEITING OF U.S. COLONIAL PAPER MONEY In an earlier E-Sylum I recalled reading of some British efforts to counterfeit notes of the revolting colonies and wondered if the Brits were more successful than the Nazis in wartime counterfeiting. Bob Neale writes: "You may be in the perfect place to look up an article by Eric Newman in Brit. Numis. J. 29 (1959) pp 174-87: "The successful British counterfeiting of American paper money during the American revolution." I cannot access this for free. I don't know that the article specifically addresses the amount of counterfeiting that took place on a ship in New York harbor, but I'll bet it is interesting. "Jason Goodwin also has a relevant quote in his book, Greenback, on p 134, and Richard Doty seems to agree in his book 'America's Money America's Story', p 49." [Many thanks - I'll start tracking down some of these resources. -Editor] MORE ON THE LAURA GARDIN FRASER BETTER BABIES MEDAL Last week helpful E-Sylum readers responded to Lynn Tice's question on Laura Gardin Fraser's Better Babies medal with an avalanche of information. Dick Johnson noted that these were produced by Medallic Art Co. and were so marked on the edge. But Joe Levine's cataloging indicated that they were also marked by Crowell Publishing company. To learn which version Lynn has, I asked her to take a look for us. This week, from the foothills of the Blue Ridge, Lynn writes: "Many thanks to you and your readers for the information and research. Our medal is edgemarked with a copyright Crowell Pub. Co. 1913. Not a glimpse of Medallic Art Company on the edge or elsewhere. My eagle eye husband confirms this with a loupe. It's about 2" wide. "My dad's brother Alfred was born Sept. 2, 1915, died Feb. 12, 1918. His picture hung in our grandmother's parlor and we have a lock of his hair. When we think of state fairs, beauty contests, etc, we tend to think of ribbons being awarded, not medals. Your interest in an old family mystery has been making the rounds of our family emails." LAURA GARDIN FRASER BETTER BABIES MEDAL INFORMATION SOUGHT esylum_v10n25a16.html LAURA GARDIN FRASER BETTER BABIES MEDAL esylum_v10n26a07.html REVIEW: PRESIDENTIAL COIN & ANTIQUE CO. 77TH AUCTION Speaking of Joe Levine, Alan V. Weinberg writes: "Joe Levine of Clifton VA conducted his 77th Presidential Coin & Antique Co. medals and tokens auction in Baltimore June 30 in connection with the Baltimore coin show recently acquired by Whitman Publishing Co. of Atlanta. "This token, medal and political ephemera auction is now an annual affair as Joe is now semi-retired. His catalogues, going back to the early 70's, are notable for not only very rare material but the historical background emphasized with each lot. Like Q. David Bowers, Joe has always rightfully felt that an educated and informed client is a stronger bidder, a long term collector and potential future consignor. "While PCAC was unlisted in the show's roster of bourse dealers and Joe's booth was ignominiously isolated in a dark, extreme rear corner of the huge convention hall bourse room (while centrally located booths were unoccupied and unassigned), Joe's booth had a multiple-lamped exhibition table away from the main bourse floor's maddening crowd and bourse noise. So there was some benefit to the isolation. "There was some eye-opening action Saturday night at the PCAC auction in a quiet room on the 3rd floor of the convention center. The sale featured a collection of American Agricultural and Mechanical Society medals. This was the finest and largest collection of these often aesthetically pleasing award medals ever sold at auction. Thus, the catalogue will serve as a reference work on the subject until someone produces a more comprehensive study. "Aside from a decidedly strong bid book (mail, emailed and telephoned absentee bids), there were some fierce floor battles between some determined dealer/collectors and collectors on the floor. No bidder collusion here although two of the main bidders were close friends and sat across from each other. New price levels were set as some medals soared over $1,000 apiece. "The sale also featured the collection of Henry Clay political and historical medals and tokens of the late Pittsburgh coin dealer and collector Charles Litman, an unrivaled assemblage of over 100 pieces. Several pieces soared over $2,000 each. "But the highlight of the sale was the finest known Augustus Saint- Gaudens 1905 Theodore Roosevelt bronze inaugural medal with accompanying letter that sold for $44,850 to a prominent New York City numismatist, a world's record price for this official medal, 1 of only 125 struck by Tiffany & Co. It might well have gone higher but for the tactical error of the underbidder admittedly not realizing that his "cut bid" was his final bid. This was also a new world's record for any non-gold inaugural medal. "Shortly afterward, the even rarer but less famous silver Warren Harding inaugural medal sold for $40,825 to the aforementioned floor bidder who was so disappointed in losing the Roosevelt medal. This is the 2nd high world's record price for a non-gold inaugural medal. Inaugural medals have been a specialty of PCAC for decades and the field is what it is today largely because of Joe Levine's input. "Throughout the auction, there was humorous banter both from the auction podium manned by Joe himself and from the audience members which led to a relaxed and entertaining three hours." [I have a copy of the catalog with me here in London. Of additional interest to bibliophiles are lots 365 and 367, two different examples of the 1909 Lincoln Centennial medal and Book. The book in lot 367 is titled "The Lincoln Tribute Book". Joe notes that "This is the second and scarcest of the two books of the period with medals bound in." -Editor] POW/MIA STAMP MYSTERY SOLVED Last week I referenced a blog entry by David Kranz of Numismatic News asking about a POW*MIA stamp he'd encountered on U.S. paper money. Curious, I did a web search and emailed Sjana Bauer, Founder and President of POW/MIA Freedom Fighters. He writes: "The logo itself is a public domain graphic. The wording itself says, 'You are not Forgotten"' or 'Let Us Not Forget', or something similar to that will be found on the graphic. "Many POW/MIA organizations and members and the general public continue to use this logo and fly the POW/MIA Flag, which itself is flown as mandated by Federal law on certain days throughout the year, in memory of those men and women that were left behind and are waiting to return home for burial. "For the families of these men and women, they are simply waiting for the government to give the answers as to what happened to their loved ones. No one expects unrecoverable remains to be returned, but there are questions yet to be answered and it is time for the families and the public to be told the truth. It is time for the men and women that can come home, to come home. It is time for the remains that are available to be returned to American soil, to be returned and buried here. "Why is the logo showing up on American money? To make sure the American people don't forget!" To visit the POW/MIA Freedom Fighters web site, see: powmiaff.org POW-MIA LOGO STAMP INFORMATION SOUGHT esylum_v10n26a18.html WILLIAM ASHBROOK 1909 FIXED PRICE LIST AND CATALOG SOUGHT Roger Burdette writes: "I am searching for the following items for research and hope someone can direct me to copies. Many thanks. 1. Fixed price list dated February 1909 issued by William Ashbrook, Johnstown, Ohio. 2. Auction catalog Ohio State Numismatic Association, October 28-29, 1909. Auctioneer was Ray Patton. 745 lots. "There will be an article in Coin World (written by Jeff Reichenberger and myself) in a month or so that lists most of the original owners of the 1907 $10 with normal rim and periods - only 50 survived melting. Jeff examined all of Ashbrook's 40-year-long personal diary and discovered quite a trove of numismatic information. "William Ashbrook acquired more than 1/5 of the total available during the 1908 Assay Commission meeting. He also had a huge run of gold proof sets bought from a Delaware estate. The private sale and auction were of duplicate pieces from his collection. I'd like to know more about what he sold in 1909 so I can try to trace a couple of the pieces or proof sets to institutional or possibly private owners." BOSTON GLOBE ON THE JACOB PERKINS NEWBURYPORT BUILDING As Karl Moulton noted on July 24, media descriptions of the Jacob Perkins Newburyport, MA building as a former 'mint' are incorrect. In a lengthy article this week, the Boston Globe gets it right. "Commonly referred to as the "Mint Building" -- a misnomer because it was paper currency, not coins, that it produced -- the structure is adjacent to the Caleb Cushing House Museum, the Federalist building that serves as the society's headquarters and features rooms furnished in the style of the early to mid-1800s." "At age 12, Perkins apprenticed with a goldsmith. Later he was employed to make dies for the production of the copper coin used in Massachusetts. "In 1795, he invented a machine for manufacturing nails. He followed that in 1804 with the discovery of a new technique for making steel engraving plates for printing currency. The discovery was significant because it allowed for more detail to be included on the paper notes, which made them less susceptible to counterfeiting. "At first, Perkins and his brother sold the plates to banks. But after opening the Mint Building, they began to print the currency. The Mint Building, where the printing took place, is believed to have been part of a complex whose other buildings are now gone. "Mack said the new museum would display artifacts from Jacob Perkins's life, some of which it has already accumulated over the years, and from the early currency printing industry." To read the complete article, see: Full Story KARL MOULTON ON THE JACOB PERKINS BUILDING esylum_v10n25a20.html CORRECTION: COLORADO STATE UNIVERSITY LOCATION A headline in last week's issue was incorrect, as Dick Johnson pointed out. Colorado State University is in Fort Collins, not Denver. PRE-1982 CENTS MASQUERADE AS QUARTERS IN DENVER PARKING METERS esylum_v10n26a22.html LEN AUGSBURGER ON CHRISTIAN GOBRECHT'S WOODCUTS [With permission I'm reprinting from the July 2007 issue of The E-Gobrecht (Volume 3, Issue 7, Whole Number 28) the following article on "Christian Gobrecht’s woodcuts" by Len Augsburger. See the original article for illustrations. -Editor] I recently purchased, via abebooks.com, an old volume that contains woodcuts executed by Christian Gobrecht while he lived in Baltimore. "A Key to French Conversation and French Idiom," published by Warner & Hanna in Baltimore in 1812, is a primer to the French language, with numerous woodcuts illustrating the text. Many are unsigned, but probably most are the work of Gobrecht. The engraver cleverly hid his signature within the base of the cuts, some indicating "G", others "Gobrecht". Three of these images were rendered in the Hanover Numismatic Society series of medals from 1966-1981 honoring Christian Gobrecht and are illustrated here, scanned from the 1812 volume. Some of these woodcuts apparently originated in an earlier volume, "The Baltimore Spelling Book : Containing Easy Lessons in Spelling & Reading, Ornamented with Elegant Cuts", this also published by Warner & Hanna in Baltimore, and thought to have been published in 1811. This volume was referenced at the Maryland Historical Society. Warner and Hanna published anumber of other books, and it is quite possible that Gobrecht woodcuts could be located in these as well." POPULAR SCIENCE MAGAZINE: HOW TO EXPLODE A LINCOLN CENT Dick Johnson writes: "There is a photograph in the July 2007 Popular Science magazine that is worth the cost of the entire magazine. It shows a 1999 Lincoln cent. What's so special about that? Let me tell you! "It is an 'exploded' view of the thin copper shells -- obverse and reverse -- that covers the zinc core of the struck cent. I have never seen the zinc core of a Lincoln cent before, nor the shells separated from a cent. "There is a simple technology for doing this columnist Theodore Gray explains in his column, 'Gray Matter,' this month. 'Turn your cheapest coins inside out,' he states, 'using some hardware store chemistry.' "The copper shells are formed by dissolving away the zinc core. This is done by carefully grinding away the smallest amount from the edge until the zinc is exposed. Then place this cent in hydrochloric acid -- that's muriatic acid you can get in the hardware store (for cleaning concrete). "After the zinc is completely dissolved the shells remain but will be extremely thin -- like foil -- but if done properly will exhibit the intact surface of the cent. "To get the zinc core you have to dissolve the copper away with cyanide and Gray does not recommend anyone do this because cyanide is so poisonous. [See the link below for previous E-Sylum discussion about the numismatic uses (and misuses) of cyanide. -Editor] "Popular Science hired a professional chemist to do this. Likewise we don't recommend any collector try this as well. "Take a peak at this web site, view the photo and the YouTube video and see if you don't agree with me. Amazing!" [It's a wonderful photo that ought to find its way into future numismatic books on the cent. It would be interesting to see if a similar process can be applied to split the layers of higher denomination clad coinage such as the U.S. dimes and quarters. On the downside, the existence of this recipe for the manipulation of coins will undoubtedly lead to the marketing of coin components in the guise of mint errors. Be aware! Here are a couple excerpts from the article. -Editor] "Looking for something more interesting to do with that jar of pennies than just cash it in? One word: acid. "In most years before 1982, American pennies were 95 percent copper. Then the price of copper went up until you could get $100 worth of pennies at the bank, melt them down, and sell the metal for more than $100. So the government started using a core of cheap zinc with only a thin plating of copper. "The fact that pennies are made of two different metals opens up the interesting possibility of separating them. "... these two methods let me prepare this real-life exploded view—proving that what the U.S. Mint has joined together, an Icelandic chemist and an American teenager may put asunder." To read the complete article, see: Full Story QUIZ ANSWER: NUMISMATIC USES OF CYANIDE esylum_v09n32a14.html WAYNE'S LONDON DIARY 8 JULY, 2007 Regarding my stay in London, Roger Burdette writes: "When do you begin spelling words with extra letters and taking the 'lift' to your hotel room? I replied that "I’m already taking the tube and the lift every day, and using colourful phrases!" Roger's retort was: "Bilmey, let's hope you don't come down with 'pub elbow' from lifting all those pints. That would put the cotter in the hill! If you're driving, be sure to stay off the vergis - driving there could land you in gaol for a fortnight." Well, I haven't driven in London and don't plan to. And I doubt I'm in danger of getting pub elbow - this week brought some late nights in the office. We even put in a full day and then some on the Fourth of July, which strangely, the Brits don't seem to celebrate. Work keeps getting in the way of fun, but I try. Although I missed the first half, on Tuesday I made it to the meeting of the London Numismatic Society. I wasn't the only late arrival. Outside the Warburg Institute on Woburn Square I met David Dell, a well-dressed older gentleman who introduced himself as a 50-year member of the club. I learned that he collected the short cross coinage. But we were both locked out of the building. David reached through the bushes and tapped on the meeting room window, which was conveniently on the first floor just off the lobby. It's the same room where the British Numismatic Society meets. After an officer of the club had some cross words with the building guard who had left his post with the door locked inside and out, we were let inside. Harry Mernick was finishing up his presentation on "The Royal Mint Centenary Medal Series, 1986-1999". Counting myself, there were seventeen attendees. Beautifully illustrated with images projected from his computer, Harry's talk was quite interesting. Examples of all the medals were laid out for viewing on the table at the front of the room. The series commemorates important British events. Mintages were 5,000 in bronze, 2,500 in silver and 25 in gold. The series was discontinued after 1999 for lack of public interest. It's a shame, for many of the medals are quite well executed. Harry suggested that the problem could be due to the availability of so many commemorative coins in circulation and the high prices charged by the Mint for the medals. He noted that the Royal Mint is testing the waters with a new series, priced at 1,495 GBP for a set of six silver medals. One attractive medal honored the Llantrisant Longbowmen. The Welsh archers changed the course of warfare forever when their technological advances ended the reign of Knights on horseback which had dominated battlefields since the later years of the Roman Empire. At 100 yards their bodkin-tipped arrows could pierce not only chain mail, but plate armour. In a famous battle in 1346, "the French sent in wave after wave of cavalry, hoping to overwhelm the English line. It held. Each time the longbowmen made terrible slaughter from the protection of their ditches and caltrops. As supplies of arrows ran shot, they sallied out in groups to drag arrows out of dead and living, horses and men; and took prisoners for later ransom. "By midnight, Philip's brother, Charles II of Alençon and his allies, King John of Bohemia and the Count of Flanders, Louis II of Nevers, as well as 1,500 other knights and esquires were dead." [Taken from the web site listed below. -Editor] How events from 1346 ended up commemorated on a modern Centenary medal I don't know, but I deserved to be confused for arriving late. It was an elegant medal regardless. I learned more than just the story of the archers - I finally learned how to pronounce the name of the town of Llantrisant, Wales. Harry explained that it means the "Land of Three Saints" - Llan/Tri/Sant. QUIZ QUIZ: What is Llantrisant's numismatic connection? Harry's vocabulary also includes the word "penultimate", which I remember is also a favorite of numismatic author Q. David Bowers. Harry used the term correctly, but many of us misunderstand. So what does it mean? Other medals in the series are proper centenary medals, commemorating events occurring 100 years earlier. The 1994 Tower Bridge medal commemorates the 1894 opening of the iconic London landmark. A majestic composition with extraordinary detail, the medal is a delight. If you're in London and looking for a souvenir, pass up the trinkets and get something like this. I also enjoyed the beautiful art deco-style design of the 1997 Women's Institute medal, commemorating the founding of the organization in 1897 (in Canada, actually). In the question-and-answer session following Harry's talk, Frances Simmons spoke about the Royal Mint's efforts to attract new engravers, and another member noted that the remains of John Harrison (a renowned clockmaker commemorated on one of the medals) are interred near Royal Mintmaster Isaac Newton in Westminster Abbey. Following the meeting I was delighted to be invited to dinner at a usual post-meeting haunt. Our party included Phil and Harry Mernick, David Powell, Anthony Portner, and Robert H. Thompson, who edits a bibliography of the British Numismatic Journal. We walked down Tavistock Place past a nice a pretty public square, eventually stepping into a little Indian restaurant. Starters and a round of cold Cobra beers was served. Conversation was a delight, and covered topics in and out of the numismatic realm. I noted that the pound coin seems to be the real workhorse, with most examples I've seen being well worn. Phil Mernick said that apparently 1% or more of all pound coins in circulation are actually counterfeits. Apparently the high face value and worn condition of most of the genuine coins makes it ripe for fakery. Phil told us about some of the diagnostics, which are mainly on the edge. He pronounced the two coins I drew from my pocket as genuine. I looked at them through a borrowed loupe to view the details. When I asked Phil why the words "One Pound" were backwards, he politely informed me that I was looking at the coin upside down. OK, no more Cobras for me tonight. We exited the restaurant after a great meal and walked toward the Russell Square tube station. On July 7, 2005 a train traveling to Russell Square from the next station (King's Cross's St. Pancras) was violated with the explosion of a terrorist's bomb, killing 26 people. Built in 1906, the station has many interesting original architectural features, including mosaic tile signage. Harry pointed out to me the blast doors, large heavy safe-like doors used to seal the tunnels against Nazi bombs in WWII. Life goes on. We boarded a train and said our goodnights as we exited at our stops. By Thursday the pace of work cooled down a bit and I was lucky to be able to go through with my planned dinner with John Andrew. Numismatists in the U.S. know him as the London correspondent of Coin World. We met about 6 pm in the lobby of my building. I had my laptop open to check a phone number and offered to show him the draft of this week's issue. It's not necessarily a pretty sight - like software and sausages, one is better off not knowing how it is made. The draft is a very long conglomeration of unedited and unformatted text. Since Monday morning I'd been plopping in emails from subscribers and the entire text of newspaper articles from the web. To keep things straight every item is separated by a draft headline in the same format as the finished product. If you think the final issues are big, you should see a draft. But disk space is cheap, so everything under the sun gets thrown in to the pot. I was shocked, shocked! to learn that John was not already a subscriber. Sacrebleu! But we remedied that quickly and walked down Shaftesbury Avenue in the London drizzle to Bali Bali, an Indonesian/Malaysian/Thai restaurant. We had a wonderful dinner, sharing tales of our collecting experiences. John has over 30 years experience in banking and has published over twenty books on topics ranging from personal finance to Faberge, and has contributed to all of the major U.K. newspapers including The Daily Telegraph, The Guardian, The Times, The Independent, The Financial Times and The Scotsman. He has written extensively on numismatics in numerous countries and is Consultant Editor of the U.K.'s Coin News. He has a healthy numismatic library and offered to make me a copy of the item Bob Neale recommended - Eric Newman's 1959 article in the British Numismatic Journal on "The successful British counterfeiting of American paper money during the American revolution." Two thousand miles away and I'm still trodding in Eric's footprints on the numismatic landscape. John doesn't actually collect coins anymore, just books and information. He decided to stop collecting when he began writing about numismatics professionally. His collecting passion is post-WWII British silver and gold. Not coins, but tableware and decorative pieces. A few years ago he sold a collection of Faberge pieces he'd assembled over the years, including elegant gold cigarette and match cases set with precious stones. The collection included a number of pieces in their original presentation boxes including gifts from the Tsar of Russia. Walking into a London jewelry exhibit recently he spotted a piece on loan from comedienne Joan Rivers and exclaimed "That's my brooch!" A good friend of John's is Gerald Hoberman, known numismatically for his beautiful 1981 Spink publication, "The Art of Coins and Their Photography". Hoberman has published scores of books of photographs. John wrote the text for one on London which he showed me at dinner. The photographs of London landmarks and quintessential sights (local pubs, cheesemongers etc) were stunning. A number of shots of palaces, parks and gardens were taken from the air, offering a heavenly perspective. Having spent time around London I could really appreciate the book's charms - it's highly recommended for non-numismatic reading. Our conversation lasted throughout our long dinner which included appetizers and dessert. We talked about Stephen Fenton (who lives near John) and the 1933 Double Eagles, and my collection of J.S.G. Boggs material. At John's request, back at my hotel I emailed him citations for some of the books on the topics. It was a delightful evening and I look forward to visiting him again before my time in London is done. Together we'll work on a piece about The E-Sylum for Coin News. Friday morning I had to be up bright and early for a breakfast meeting with Tom Patterson, CEO of my company, Command Information. Tom is a pioneer in Internet security and formed the company to jumpstart commercial use of the next generation of the Internet (IPv6). He had with him a new T-Mobile phone which can switch from the standard cell phone network to faster Wi-Fi connections. The phone uses IPv6, as does the new iPhone from Apple. The meeting was at the Savoy Hotel. Hopping into a cab at 7am, we passed preparations for the Tour de France in Hyde Park and Trafalgar Square. Once at the hotel we were greeted by a chatty top-hatted doorman. The lobby of the Savoy is huge, topped by a large decorative plaster border unlike any I've ever seen before. The restaurant was equally immense and framed in marble. Our table was at the window, overlooking the Thames. I chose the buffet. It was an absolute delight to the eye - the food was presented meticulously. There were three kids of marinated smoked salmon, dozens of types of sliced fruit, and usual breakfast fare of eggs, sausage, bacon, etc. The waitress poured glasses of fresh orange- mango juice. It was a far cry from my usual breakfast of cereal and O.J. from a supermarket-brand carton. After work on Friday a colleague and I walked the few blocks down Charing Cross Road to Trafalgar Square where the opening ceremonies of the Tour de France were being held. No cars could get near - the streets were closed. It was fun to walk down the center of Charing Cross Road, normally jammed with traffic. Police were out in force, but I saw no one being stopped or searched. Together with throngs of people we strolled right past the security barriers. The square was packed with thousands of people on temporary bleachers and chairs. From my spot on Charing Cross I could see the stage through the trees. The head of operations for the Tour introduced himself and then the crowd was treated to a history of the bicycle as people pushed or rode antique bicycles across the stage. One of the earliest was an example of the classic Victorian style with no gears and one huge wheel in the front. A large video screen made it easier to see the action on the stage, but where I stood it was all very noisy and difficult to hear, as people squeezed past us holding conversations and vendors hawked T-shirts from a truck behind. We watched a man climb atop a bus shelter to take a photo - after he was in place someone handed him up a backpack and a camera with a huge zoom lens. I didn't stay long and walked back toward my tube stop. I don't mind crowds, but my nervous family wants me to stay away from them. That's easier said than done in Central London. I stopped for a haircut and then walked to my tube stop at Oxford Street. Had the weather been better I would have walked all the way home, and that would have made for a much more pleasant journey. The sidewalk at Oxford Street was jammed with people, and officials were turning people away from the entrance to the underground. I assume it was because of the traffic generated by the Tour; this entrance was now an exit only - I would have to cross two streets to get into the station. Crossing those streets took a while - there were mobs of people. Finally I reached the train platform and it was also quite crowded. A train arrived soon but was already jammed with passengers. Two people got off, three people squeezed in, and off the train went with me and hundreds of others still stranded on the platform. Somehow I managed to get on the next train which was equally packed nutztobuttz with people. What was that about avoiding crowds? When I reached my stop at the Queensway station I squeezed off the train. The Central Line is deep underground at that point and to get to street level riders have to take a lift (elevator) or brave the stairs. I chose the stairs. Normally I'm the only one but tonight there were dozens of people hoofing it up the 123 steps. No, I didn't count them, but there's a sign to warn the faint of heart. It was a relief to reach the street and breathe the cool evening air. While the rest of London was out and about Friday night, I was quite content to have the hotel laundry facility to myself to take care of the weekly washing. While waiting I read some email and popped a few more submissions into this week's E-Sylum draft. Saturday morning brought a strange sight to my windows - blue skies and sunshine. It had been at least a fortnight since we had such a nice day. I faced the day with mixed emotions, though. It was the anniversary of the London bombings which killed 52 people on the London transportation system. Checking email at breakfast I got a note from ANS Executive Director Ute Wartenberg Kagan who was traveling in Berlin. She writes: "Two years ago on July 7 I was in London and just about to enter Edgeware Road, one of the stations where a bomb went off on a train. Later I heard that one of my numismatic colleagues from the British Museum was on one of the trains, but was unharmed. But in London people expect this sort of thing, I am sure you noticed." Although I had been invited to attend, I decided not to go to the 'Currencies in Crisis' conference in Chichester. I also passed up a chance to visit Wimbledon for the playoffs. It had been a long week and I wanted to complete my E-Sylum chores at a leisurely pace and take a few casual walks in the warm sun. I opened the windows wide to let in the fresh cool air. After having some lunch I went for a long walk in Hyde Park, home base of the London leg of the Tour de France bicycle race. Hundreds of trucks and buses were parked three deep along one long road. I soon came across the People's Village, basically a peddler's fair piggybacking on the Tour. There were booths selling T-shirts, all manner of food and drink and traditional French products. I saw a few of the racers whiz by to the cheers of the crowd. This was only the prologue race - the official race starts Sunday and goes on and on. One rider described it as "the only sporting event in the world where you need a haircut halfway through." On Sunday I worked some more on The E-Sylum in the morning and after lunch set out on another journey. My cross-town destination was Sotheby's, to view lots in their 12 July sale of English Literature and History. It was a quiet afternoon. I checked my backpack in the cloakroom and entered the book room for lot viewing. There were only three others viewing lots. I filled out a lot viewing sheet, but was never asked for identification. Viewers are not allowed to copy or transcribe any part of the documents in their notes, but the staff was quite helpful and I had free reign to handle the items. I was particularly interested in just one lot, and only for viewing since it would be too expensive to buy. Here's the lot description (estimate 2,000-3,000 GBP): "Newton, Sir Isaac. Collection of documents relating to the Royal Mint including a receipt for plate taken from three ships, subscribed ("recd the plate above mentioned ... by me") and signed by Newton as master of the mint, 1 page, folio, 28 May 1703, endorsed on verso, tear resulting in loss of half of signature, professionally restored. "[together with:] a group of 16 documents relating to the Royal Mint including: letters to and from various correspondents, some being copies, on such subjects as the use of an iron screw press "that may be used for forginge or Counterfeiting the current monies and coyne of this Kingdom", the discharge of goods seized from a pirate by the Hull mint, building work at the Chester mint, and a patent held by Sir Talbot Clarke for the smelting and refining of copper; receipts including sums received in taxes by various county receivers, the costs of assaying and transporting plate brought from Vigo, and the salaries of officials at the Exeter mint; in total 22 pages, various sizes and locations, 2 December 1682 to 23 December 1712, professionally restored and strengthened, waterstaining (17)" That the document is missing part of Newton's signature is a shame. Only "Isaac" remains. An interesting group, particularly the pirate item. I recall the spelling as "Pyrate". They're not for me at that price level, but I hope they find a good home. While I was there I took a peek at a few other items. Lot 15 is a very nice large autographed photographic portrait of inventor Thomas Edison, suitable for framing. Lot 44 is a two-volume, first edition set of Adam Smith's 1776 treatise, "An Inquiry into the Nature and Causes of the Wealth of Nations." It was a treat to hold the first edition of this landmark work. Chapter IV is titled "Of the Origin and Use of Money". Lot 92 is a two-volume first edition of Charles Dickens' "Sketches by 'Boz'" with sixteen wood-engraved plates by George Cruikshank, known numismatically for his famous "hanging" satire note. Lot 105 is an 1849 edition of Mary Wollstonecraft Shelley's "Frankenstein: or The Modern Prometheus". Not all of the lots were centuries old. Lot 282 is a 1997 first edition of J.K. Rowling's first Harry Potter book, "Harry Potter and the Philosopher's Stone", estimated at 1,000—1,500 GBP. The book carried a marking from the Portsmouth City Council Library Service and a date of 8/97. The original cover price was 10.99 GBP. My neighboring lot viewer questioned why the book didn't been marked as a discard, since "a lot of these get nicked from public libraries." Leaving Sotheby's I continued walking down Bond Street, London's upscale shopping district comparable to LA's Rodeo Drive or New York's Fifth Avenue. Since it was a Sunday the shops were closed. I turned left on Piccadilly and wandered into the Royal Academy of Arts. Situated on a beautiful plaza together with the Astrological and Geological Societies and the Society of Antiquaries, the setting is similar to the American Numismatic Society's former home on Audubon terrace, only in a civilized neighborhood. I had seen my fill of Impressionist Paintings and passed on the summer exhibit, "Impressionists by the Sea". I was disappointed that the library was closed - I would have liked to ask the librarians about works pertaining to coin designers. Established in 1768, the Academy's library is the oldest institutional library in the U.K. I walked through the public galleries viewing paintings and some interesting artifacts such as Sir Joshua Reynolds' palette. Making use of my E-Sylum vocabulary, I recognized the word "Tondo" in the exhibit guide, and made my way upstairs to view what the Academy considers its greatest treasure - the marble sculpture the Toddei Tondo: The Virgin and Child with the Infant St. John by Michelangelo (1503-1504). Leaving the Royal Academy I walked through Mayfair past Shephard's Market and other landmarks, making my way into Hyde Park near Apsley House at Hyde Park Corner. The park was still full with the Tour de France, and I climbed up a temporary staircase and bridge to cross over the racecourse on Serpentine Drive. Stopping to buy some water (1.65 GBP for a 500ml bottle), I continued along the far side of Serpentine Lake, past the Diana Memorial Fountain and Round Lake back to my Bayswater neighborhood. It was about a three mile walk in all - time to rest my weary feet. To visit John Andrew's web site, see: johnpandrew.com To read more on the Llantrisant Longbowmen, see: Full Story To view images of counterfeit British one-pound coins, see: Images of Counterfeit Pounds To learn some diagnostics of fake one-pound coins, see: Full Story Full Story To view Sotheby's lot description: Full Story LONDON POLICE DOG AWARDED MEDAL FOR BRAVERY London newspapers reported on Tuesday that "Heroic hound Jake the cocker spaniel is to be honoured today for his bravery after the 7/7 London bombings. "Handler PC Bob Crawford and two-year-old Met police dog Jake (full name Hubble Keck) formed part of the emergency services response after the attacks. "They were sent to Tavistock Square and later Kings Cross. "At Tavistock Square, injured people were in need of urgent medical attention but the bus was believed to contain a further suspect device. "Jake and PC Crawford searched a safe route to the device ensuring that it was safe for paramedics to reach the passengers. "They then searched an area close to the bus so a make-shift field hospital could be set up. "Afterwards they set about searching a mile long route underground from Russell Square tube station to Kings Cross to ensure people could be rescued safely. "Today, Jake will be given the animal equivalent of the George Cross by HRH Princess Alexandra at St James's Palace." To read the complete article, see: Full Story [We've discussed previously in The E-Sylum about medals awarded in Britain to animals. A related article published last year notes that Bamse, the canine mascot of the Norwegian Forces during WWII received a postumous PDSA Gold Medal (the 'animals' 'George Cross') for saving the lives of two crew members of his ship. The PDSA Gold medal (called the equivalent of the George Cross) seems to be different than the Dickin medal (called the equivalent of the Victoria Cross). Can anyone confirm this? -Editor] To read about Bamse, the life-saving Norwegian dog, see Full Story DICKIN MEDAL: THE VICTORIA CROSS FOR ANIMALS esylum_v07n48a15.html SPY PIGEON'S MEDAL FETCHES £39,200 esylum_v07n49a05.html FAKE COINS ABOUND IN CHINA Britain isn't the only country plagued with counterfeit coins. A Friday article in China Daily notes that "Fake coins can now be found in several Chinese cities. Many convenience stores, snack bars, and newspaper stands are buying them and giving them as change to customers, who then spend them in other places, according to Nanfang Weekend. "Two employees of a fake coin retailer in Guangzhou, capital of southern Guangdong Province, who gave their names as B Zai and A Wei, told the paper that many local convenient stores and snack bars buy from them. "Their boss buys fake coins, valued at 1 yuan each, from a wholesaler and sells them to shops at 35 fen. "Retailers stick posters on walls and lampposts, and also advertise on the Internet. "'Most coin identification machines cannot detect them from genuine ones,' he said." "'Coins are simple to copy as they do not have anti-counterfeit safeguards,' he said. "In the first eight months of last year, Hubei Province confiscated more than 10.52 million counterfeit coins with 1 yuan face value." To read the complete article, see: Full Story STILL MORE ON THE TYPOGRAPHIC SYMBOL FOR COIN REVERSE For a while now we've been following Ed Snible's quest to learn more about the typographic symbol for coin reverse with limited success. In his July 1 blog Ed speculates on why use of the symbol died out. He writes: "The )( symbol is a new obsession of Wayne Homren, who reports in today's e-Sylum that he has contracted the Gutenberg Museum in Mainz, Germany, The Type Museum here in London, the International Printing Museum near Los Angeles, the Museum of Printing in North Andover, MA; the JAARS Museum of the Alphabet in Waxhaw, NC; and the St. Brides Printing Library in London. "No useful replies yet. "In a June 3 comment here, Dr. Robert J. O’Hara pointed to an 18th century list of alchemical symbols, Medicinisch-Chymisch- und Alchemistisches Oraculum (1755), which includes both )( and ?. Both symbols abbreviate words beginning with RE (Realgar and Recipe). If one needed to abbreviate “reverse” down to a single character to save space it makes sense to use a symbol which had already served that purpose. )( was such a symbol, but would numismatic readers in the 18th century have understood it? "The earliest numismatic use that I know of is from 1758, in a book published in Vienna, Prague, and Triest by Ioannis Thomae Trattner. However, I just haved looked. I don't have any 17th or 18th century books, and Google has scanned only a few. I would be curious to find earlier citations of the symbol. It would be interesting if the symbol started with publishers known for printing alchemical works. I have before never considered a connection between numismatics and alchemy. "It is interesting that the symbol died out. It was used by Eckhel, who is the father of numismatics as a science. It seems logical that authors would want to make the works look more like Eckhel's, so why did the symbol die out? Possibly type setters didn't have the symbol, but perhaps even in the 19th century no one knew the name of the symbol or its exact meaning?" To read Ed's original July 1 blog entry, see: Full Story TYPOGRAPHIC SYMBOL FOR COIN REVERSE esylum_v10n23a17.html TYPOGRAPHIC SYMBOL FOR COIN REVERSE HAS E-SYLUM READERS STUMPED esylum_v10n24a14.html NOTES ON THE TYPOGRAPHIC SYMBOL FOR COIN REVERSE esylum_v10n25a21.html [Ed raised a very interesting question, which could be destined to remain a numismatic mystery. Thanks to Karl Moulton we have some additional background on the symbol's use in the U.S., but little proof of where it came from originally, what it was called or why it died out. Perhaps someday an answer will turn up. Meanwhile, researchers should keep an eye on Ed's blog for his regular updates on numismatic literature being added to Google Book search. The latest include three titles in the BMC Greek series: Vol. 16 Ionia, by Head, 1892. Vol. 17 Troas, Aeolis and Lesbos, by Wroth, 1894. Vol. 19 Lycia, Pamphylia and Pisidia, by Hill, 1897 -Editor] STEPPING THE MAST COIN CUSTOM TAKES TO THE SKIES Dick Johnson writes: "If you are an aircraft mechanic raise your hand. I don't see many hands raised among E-Sylum readers. This story is about a 75-year-old (best guess) custom with Lincoln cents. Even though I have collected and written about Lincoln cents for almost an equal time (68 of those 75 years) this story is new to me. "The custom is to place a Lincoln cent -- which automatically becomes a 'lucky penny' and extending that luck to every thing it touches -- on the engine of an airplane. Specifically, one kind of aircraft engine, Pratt & Whitney engines, which are manufactured here in Connecticut. "It seems the mechanics who make these engines place a Lincoln cent of the current year on every one made. When an engine is restored or overhauled at some later date, the mechanic has the option of retaining the original cent bearing the date of manufacture, or, use one of the current year. "A contributing writer for Aircraft Maintenance Technology magazine, Giacinto Bradly Koontz, wrote an article, published this week, where the writer wanted to track down the origin of this curious custom and how long this has been going on. Learning the answer wasn't easy. "The best guess would be the 1930s, since the 'engine pennies' were found on one type of engine, R1340 WASP, which was first manufactured in 1940. One mechanic the author interviewed listed two other engines in which the custom could have started. "An aircraft owner stated he picked up the custom from a crop duster, who wouldn't think of flying without a penny on his own P&W. 'It's just one of those things some of us do, but probably don't know why.' He speculated it could be placed there to signify the last overhaul, like a date stamp. Other mechanics said they did it because their fathers and grandfathers did. The custom continues today. Fly safely!" [The lengthy article relates the custom to the ancient shipbuilding custom of placing a coin under the mast in a ceremony called Stepping the Mast. We've written about this in previous E-Sylums. -Editor] To read the complete article, see: Full Story NAVAL COIN CUSTOM IN THE NEWS: STEPPING THE SHIP'S MAST esylum_v10n11a26.html UPCOMING JAEGER ARTICLE ON STEPPING THE MAST esylum_v10n12a19.html ON ELIMINATING THE CENT Tim Shuck writes: "Dick Johnson’s comments on why we no longer need the cent are persuasive, and I agree that ‘deficit’ minting of coins needs to end. However, if rounding to ten cents is implemented he might want to reconsider removing cents and nickels from circulation, either physically or by revaluation. [Revaluation has been one of the options proposed. -Editor] "Under such a scenario, if I use quarters to pay for a purchase ending in 20 cents (using one quarter), 60 or 70 cents (using three quarters), how would I get the five cents in change back? Forced use of dimes would be an inconvenience that, along with political (and practical) issues related to revaluation, will make elimination of the nickel a non-starter in my opinion. And we might need those cents as well to make up five cents in change. "I could suggest, tongue halfway in cheek, that if cents and nickels go, the quarter also needs to be replaced with a new 20 cent piece; history in the making and a host of new collecting possibilities. If that happened all circulating coins would then be an even multiple of the lowest denomination coin, which is needed to avoid the five-cents- in-change problem. This seems too obvious; am I missing something here?" ABOLITION OF CANADIAN CENT PROPOSED Dick Johnson writes: "Canada is getting serious about abolishing the cent denomination. Last week the national bank issued a statement endorsing its demise. This week a member of parliament, Pat Martin, is drafting a bill to accomplish just that. The $30 million is the amount the Canadian Mint would save annually by abolishing the penny, says a study by the Library of Parliament, whose facts Mr. Martin is using to bolster his argument that the penny should no longer "nickel and dime Canadians." "Canada is not facing the problem, as does the United States, that of the U.S. cents costing more for its metal composition than its face value, since Canadian cents are made of steel. The Royal Canadian Mint manufactures steel cents for 0.7 cents each, which means a penny is still actually worth something, but not much. The problem with pennies is that Canadians lose them, throw them away or store them in buckets by the millions. Last year the mint stamped out 815 million pennies. At 2.35 grams each, they are in weight as they are in value -- pretty much nothing. But together, they weigh almost two million kilograms. Moving all those coins from the mint to banks alone costs about $33 million. "By abolishing the cent Canadians would have to do some rounding off. Not all prices, just the final tally. An editorial in the Winnipeg Free Press noted this has already been done in Australia, New Zealand, France and Spain. We could add Finland to that list." To read the Winnipeg Free Press editorial, see: Full Story LOBBYIST HIRED FOR ZINC BLANK MANUFACTURER Dick Johnson writes: "Congress can expect a lot of pressure from a lobbyist hired this week by Jarden Zinc Products. They manufacture the copper-coated zinc blanks the U.S. Mint purchases to strike into Lincoln cents. "Since the cent's existence is vulnerable -- because the market price of its two metal components is waverying above the coin's face value and the importance of the cent to the American economy is declining -- this poses a tremendous loss of business to this company should the coin be abolished. "In addition to the U.S. Mint, Jarden supplies zinc coin blanks to the Royal Canadian Mint as well as other countries. Canada has advanced further in their plans to abolish their cent coin; their national bank recently endorsed the cent's elimination. U.S. Mint officials are mute on the subject. "Jarden Zinc Products is a subsidary of Jarden Corp, headquartered in Rye, New York. Their zinc processing plants are located in Tennessee and elsewhere." To read the original Associated Press report, see: Full Story THE TOKENS OF THOMAS CHURCH [Last week's discussion of the Canadian Numismatic Bibliography illustrates the vast number of topics under that umbrella. One interesting Canadian item that I learned about from my friend Larry Dziubek are the privately-made tokens of Thomas Church. He gave a presentation on the topic at a local Pittsburgh club meeting one month, based on a Canadian Numismatic Journal article by Fred Bowman. Larry gave me permission to republish the text of his presentation for the benefit of E-Sylum readers. -Editor] Thomas Church was born in 1843 in Ireland. His father was an artist that painted murals, some of which are in the Canadian Parliament. The family lived in Ottawa since 1851 and Tom got in his career field as a lumberman by 1860. He eventually became the manager of the mill. He lost his left hand in an industrial accident a few months before the entire lumber yard and town was destroyed by fire in 1900. Mr. Church had no children by his first two marriages, but had seven with Margaret Spratt his third wife. In his mid-thirties he became a serious collector of Canadian coins and tokens. He began to experiment in cutting his own dies in the 1880’s. Many of the dies had the style of early Canadian tokens found in the Breton series. He built a forge and workshop near his home and began to cut and harden steel dies. This hobby and his love for growing roses seemed to consume all of his spare time. Some of the talent needed for this task was inherited from his father, the artist. Although his first attempts were on the crude side, the quality of his workmanship continually improved until it was near the level of a professional die cutter. Most of his early issues were in soft metals that were melted, and used later to make bullets. A few strikes were done over existing coins or tokens. Some small mintages were due to the short life of inferior dies when striking harder metals. Later Thomas began to roll sheets of different metals for his planchets. These were not always made in a uniform thickness and add to the variety and weight of his products. His personal amusement and recreation turned into a minor business. He made milk check tokens for C. W. Barrett of Leitrium, Ontario, the brother-in-law of his second wife. These were the only issues struck in quantity. He also made several personal tokens for himself, as well as some for the Central Canada Exhibition in 1896. He made tokens for Louis Laurin who owned and operated a general store and was also a serious collector. When a fire destroyed Laurin’s collection in 1899 he began to specialize in collecting Communion Tokens. Early articles (1903) on the subject of Thomas Church listed only twenty eight varieties in all metals, using some twenty of his dies. Now the thinking is that there are some fifty-five combinations or mulings from fifty-eight different dies. There would be another fifty-two varieties if you counted all the pieces struck in various metals. Many of these would be LEAD strikes that were only intended to be “die trials” that got into some early collections. Leading Canadian collectors of the day such as F.R.E. Campeau, R.W. McLachlan, Joseph Leroux, and F.X. Paquet had standing orders to purchase Church issues as soon as they were made. After the great fire of April 1900 that destroyed all of Ottawa and Church’s home on Victoria Island, he never resumed any efforts to make tokens. He died on March 7, 1917 at age 74. The most definitive report on Church’s output was the October 1959 Fred Bowman article in The Canadian Numismatic Journal. CALIFORNIA'S 'PENNY KING' AND THE MYTH OF THE MILLION DOLLAR PENNY Dick Johnson writes: "This is one of the strangest stories I ever read. And it is one of several on 'pennies' this week. A man in California gives a dollar bill to strangers for every cent they have. But that's not all. The stories he tells are stranger yet! "Freelance author Alex S. Gabor tells of the gentleman who calls himself the 'Penny King.' He states he was cheated out of a $70-million dollar company 34 years ago and for the last 15 years he has been giving away his dollar-for-cent exchanges. "He states there is a million-dollar penny out there somewhere and he hopes to find it. His son found a trunk of cents he cashed in for $4,000 so he has been quite active in this rater strange preocupation. The rest of his statements range from unusual to unbelievable so you will have to read the author's own words. He calls it 'The Myth of the Million Dollar Penny.' "The article was published in the American Chronicle this week. Go read for yourself." [Here are a couple short excerpts from this wacky article. -Editor] "There are many articles on the subject of this mythological penny that could fetch over a million dollars. Supposedly the United States Mint made only one of these pennies and it somehow managed to slip out of the garbage bin and into circulation through some former government employee’s deliberate attempts to cash in on what could now only be deemed a tiny diamond in a global haystack. "“The Penny King” likes to tell the story of how he once put up a golden penny for auction on eBay with a minimum bid of $1 million and someone successfully bid and won. "He was all set to cash in his spray painted gold penny and buy hundreds of thousands more and make a global business of it when the person who won the auction backed out thinking it was altogether a joke. To read the complete article, see: Full Story WHY DO PEOPLE LOVE TO THROW COINS INTO FOUNTAINS? A June 30 New York Times article addressed another age-old coin custom, throwing coins into a fountain. "Dionysos, standing there in his sandals with his arm over that woman, knows. He spends his days watching everyone in the room and everything they do. "He knows it cannot be Aphrodite, on his right. She has no arms. "He knows it cannot be Hercules, also on his right. No arms on him, either. "So who is dropping all the coins in the fountain in the Metropolitan Museum of Art’s new Greek and Roman galleries? "Not David Mendez, though he knows more about coins in fountains than anyone else at the Met. That is because he takes the coins out, once a week, every week, using an old wiper blade and napkin-size pieces of thin white cloth. "The Met says that the fountain, in the Leon Levy and Shelby White Court, was not planned as a receptacle for discarded dimes, pennies and quarters, not to mention euros, Mexican pesos and Taiwanese dollars. “The fountain was designed to recreate the ambience of a Roman court,” said Harold Holzer, a spokesman for the Met, “but you know, it’s inevitable. From Trevi to Dendur, water attracts coins.” To read the complete article, see: Full Story MONEY FALLS FROM THE SKY IN GERMANY According to a Reuters report, "A German motorist surprised by euro notes swirling in the air around her car hit the brakes and collected a "substantial amount of money" before turning it over to police, authorities in Worms said on Thursday. "A police spokesman in the small western town said the 24-year-old woman saw the money flying through the air in her rear view mirror late on Wednesday. She pulled over and tried to collect all the notes, unsuccessfully. "When police went with her to the scene they could not find any more cash. "A spokesman at Worms city hall said police were withholding details on the exact sum and location of the find in the hope of learning more about the money's origin." To read the complete article, see: Full Story 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. |
|