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Welcome to The E-Sylum: Volume 11, Number 06, February 10, 2008: an electronic publication of the Numismatic Bibliomania Society. Copyright (c) 2008, The Numismatic Bibliomania Society. WAYNE'S WORDS: THE E-SYLUM FEBRUARY 10, 2008 Among our recent subscribers are Roger Urce, courtesy of David Klinger, and Dan Burleson. Welcome aboard! We now have 1,122 subscribers. This week we have a bevy of new books to discuss: Whitman's new edition of 'A Catalog of Modern World Coins, 1850–1964', Jeff Ambio's 'Collecting and Investing Strategies for U.S. Gold Coins', Ron Benice's 'Florida Paper Money: An Illustrated History 1817 – 1934', Bob Forrest's 'An Introduction to Religious Medals' and Doug Mudd's 'Money & Sovereignty as Expressed in Gold Coinage'. Responses from previous queries concern 'A Catalog of NENA Medals', and a publication predating the 'Brown & Dunn" grading guide using the same line drawings. Readers provide more background on dealer "Brownie' Brown and Diane Wolf, and we learn which numismatic author worked for the New York State Library (and what he got in trouble for later in his career). New queries cover topics such as coins produced in England for Queen Liliuocalani of Hawaii, Pismo Beach clam money, the obsolete bank note collection of the Philadelphia National Bank, who named the Euro, and a rare-coin-themed episode of Amos and Andy. In the news, from Florida we have a report on toll booth operators refusing "sticky" coins, and from the Houston Chronicle we have an article on a Texas Numismatic Association exhibit of the money of the Lone Star State containing my favorite quote of the week: "Not every historian is a numismatist," he said, "but every numismatist is a historian." (James Bevill). To learn what rare coin Mohamed and Fatima Ismail think they found, read on. Have a great week, everyone. Wayne Homren Numismatic Bibliomania Society HOWARD DANIEL TO MAN NBS TABLE AT PHOENIX ANA As noted earlier, Howard A. Daniel III plans to man a club table at the upcoming American Numismatic Association National Money Show in Phoenix, AZ March 7-9. He will represent the Numismatic Bibliomania Society, Numismatics International, International Bank Note Society and Philippine Collectors Forum. Howard requests that NBS members bring any surplus numismatic publications with them so he can give them to new and young collectors along with an NBS application form. NEW BOOK: 'A CATALOG OF MODERN WORLD COINS, 1850–1964', 14TH EDITION [Dennis Tucker of Whitman Publishing forwarded the following press release about the company's latest publication. -Editor] Whitman Publishing announces the release of the 14th edition of A Catalog of Modern World Coins, 1850–1964, known to generations of collectors as the “Brown Book.” The new edition is available online, and from hobby shops and bookstores nationwide. A Catalog of Modern World Coins builds on the classic text by R.S. Yeoman, father of the best-selling Guide Book of United States Coins (known to collectors as the “Red Book”). The 14th edition has been updated with new photographs and retail valuations by coin type, in up to four grade levels. Editor Arthur Friedberg and his team of experts from around the globe provide an accurate snapshot of the exciting world-coin market. “This handy volume is perfect for today’s world-coin collector,” says Whitman publisher Dennis Tucker, describing the book as “small enough to easily hold, carry, and read, but packed with photos, data, and valuations.” Who Should Read A Catalog of Modern World Coins? • Collectors looking for an accurate book on world coins • New hobbyists attracted to coins by the recent hot market • Dealers looking for a convenient type-coin guide • “OFEC” (One From Every Country) coin collectors • U.S. coin collectors looking to branch out into an interesting new field • Token and medal collectors intrigued by the connection to world coinage • Casual collectors and travelers with unidentified coins from other countries What Will Readers Find Inside? • A complete listing of coins of all countries from 1850 to the mid-1960s • Each type and date of coin grouped in chronological order • High-quality images in actual size, for quick identification • Retail values for circulated, Uncirculated, and Proof coins • Individual listings of rare and significant dates, with valuations • Bullion-value charts for all gold and silver coins • The official Y-number catalog system used to identify all world coin types [The 544 page 6" x 9" softcover book retails for $19.95. I haven't seen a copy yet, but this sounds like a great successor to the "Brown book" I knew as a young collector of world coins. -Editor] NEW BOOK: COLLECTING AND INVESTING STRATEGIES FOR U.S. GOLD COINS [Uriah Cho of Zyrus Press forwarded this press release about a new book by Jeff Ambio. I reviewed the book for The Numismatist - see the February 2008 issue, Bookmarks column, p89-90). -Editor] Pre-order the latest release from Zyrus Press, Collecting and Investing Strategies for U.S. Gold Coins, by Jeff Ambio, from now until Friday, February 15th and receive FREE SHIPPING! Call us at (888) 622-7823 or go to www.zyruspress.com. Orders will start shipping Monday, February 18th. Collecting and Investing Strategies for U.S. Gold Coins will be available at the end of February 2008 in bookstores nationwide, Amazon.com, and your local coin shop. The title is also available from Zyrus Press, PO Box 17810, Irvine, California 92623. Phone: (888) 622-7823. Web: Stay up-to-date! Visit www.zyruspress.com. E-mail: info@zyruspress.com. Publication Date: 2008 Binding / Size: Paperback / 7” x 10” Pages: 340 Photos / Illustrations: 150+ full color images Suggested Retail Price: $34.95 REVIEW: FLORIDA PAPER MONEY: AN ILLUSTRATED HISTORY 1817–1934 BY RON BENICE [Steve Whitfield submitted the following review of "Florida Paper Money: An Illustrated History 1817 – 1934" written by Ron Benice and edited by Fred Reed. It is published by McFarland Publications (www.mcfarlandpub.com, (800) 253-2187) -Editor] Ron Benice has been researching and writing about the results of his research on Florida Obsolete Notes for many years. This book is the culmination of those efforts to date. It is obviously a labor of love, as are most of these state catalogs. Expect Ron to continue looking for new Florida material and answers to questions about these issues and issuers. The book is full of historical information on the reasons behind the issues, written in an easy to read style. Anyone who collects (obsoletes) by state will appreciate this book. The detailed analysis of note varieties is excellent. As we learn more and more about this currency of the past, ever more detailed studies are then made possible. Correcting the errors of past cataloging efforts is also important and done well in this book. Anyone who has ever researched this material knows that assumptions and conclusions must be drawn since adequate documentation is rare and often conflicting. The author explains his thinking along the way on putting the book together and on his research. The book is well organized. While Florida has few known advertising notes, college currency and depression scrip issues, they are separated from the main body of listings, as they should be, since those collector categories have their own reference catalogs. The early territorial issues also have a separate section. The notes of banks and merchants, whether issued during the territorial period or after statehood, are combined in the main body. Included is extensive information about the locations of each issuer and the issuer himself. This is the meat of the book; all that historical information, which will be of interest to history buffs as well as note collectors. The book is chock full of clear, black and white illustrations of most of the notes listed. My only disappointment was that some of the dynamite Florida notes were not shown in full color. Included are many portraits of the officials who authorized or signed the notes. Vignettes are also identified where possible. The book is sized at 7 inches by 10 inches, somewhat smaller than the “sort of” standard catalog size of 8+1/2 x 11 inches. But this is no problem as the book will fit easily into any collector’s library. The book is priced at $49.95 and is well worth the price. An extensive bibliography is included for further research. I highly recommend this book. NEW BOOK: AN INTRODUCTION TO RELIGIOUS MEDALS BY BOB FORREST [David Gracey forwarded the following book announcement. If any reader is willing to write a detailed review for The E-Sylum in exchange for a review copy, contact me. -Editor] Numismatics International announces the publication of “An Introduction to Religious Medals” by Bob Forrest; 212 pages, hardbound with dust jacket. Bob has written a book that attempts to provide a basic background for some of the main types of religious medals that the collector is likely to encounter. This book is not a catalog of religious medals. Rather, its aim is to break down the field of religious medals into various recognizable types which the collector is likely to encounter. Bob has published over 180 numismatic articles since 1992. The book is available from Numismatics International for $55 plus $5 postage at elmorescott@verizon.net or NIBooks@verizon.net, or Numismatics International, PO Box 570842, Dallas, TX 75357 EBOOK REVIEW: MONEY & SOVEREIGNTY AS EXPRESSED IN GOLD COINAGE A new ebook was released a couple weeks ago: "Money & Sovereignty as Expressed in Gold Coinage" by Douglas A. Mudd and Michael Fagin. Mudd is a former collection manager for the National Numismatic Collection at the Smithsonian Institution and is currently curator of the American Numismatic Association's Edward C. Rochette Money Museum. Publisher Chris Wasshuber of Lybrary.com sent me a review copy, and here are my impressions. First, I have to admit to having relatively little experience with electronic books, but the PDF file format is familiar and convenient. Because the book is short at just 79 pages, the file loads and scrolls quickly. The Introduction notes that "the book is a general survey of the history of the designs and messages placed on gold coins. Gold coins have been selected for their beauty and for the care which was traditionally used in their design and creation. The coins chosen have been selected on the basis of the especially interesting stories behind their issuance and design from around the world and through history. The coins used are from the Western, or Greek, coinage tradition, which has become the dominant world tradition in the modern day." The opening chapters consist of The Origins of Money The Greek Tradition The Chinese Tradition The Indian Tradition Coinage as a means of Communication The Future of Money – Electronic Media The text is well written and straightforward; these chapters provide a concise but thorough overview of money and coinage from ancient times through the present. The illustrations in the opening chapters are too small for my taste, but in the main section of the book they are quite large, with an obverse and reverse image spanning an entire page. Using the standard zoom feature of the Adobe PDF file reader I was able to quickly enlarge the images over 400% with little loss of clarity. Try THAT with a printed book. In introducing the topic of communication via coinage Mudd writes: "Coins are an ideal method of disseminating messages to large audiences, particularly in the absence of any other mechanical means to reproduce messages in large numbers. Thus coinage very quickly became an instrument of State – conveying a huge variety of messages – those of economic stability and prosperity common in many non-authoritarian States, while authoritarian States used them for promotion of the ruler or ruling class in a direct and personal way." As a collector of U.S. coinage I was pleased to read that "The United States led the way in the revival of an imagery and language on coins reflecting the political ideals and aspirations of Republican forms of government. This process began with the conscious rejection of the notion of displaying the portrait of the current president, or, indeed, any living individual, on coins. Instead, it was decided to use a personification of Liberty with associated symbols of freedom adopted from those of the Ancient Roman Republic combined with the new National symbols of the United States." As something of a student of alternate currencies and electronic money, I also enjoyed the Future of Money chapter, although I felt it strayed from the theme of money as communication. The meat of the book follows these overview chapters. Each subsequent section (they're too short to warrant calling them "chapters") discusses a single coin with a page or so of text, followed by the photo page. The opening sections cover the Lydian stater of King Croesus, Persian Gold Stater, and the Gold Octodrachm of Ptolemy III, 246 - 221 BC I found the text easy to read and understand even for a dunce like me who's never collected ancient coins. I even learned about some denominations I'd never head of, like the fractions of the Roman gold solidus – the semissis (1/2 solidus) and the tremissis (1/3 solidus). Later I learned about Hawaiian pattern coins such as the 1893 Gold 20 Dala of Queen Lilliuocalani. While I very much enjoyed this section I question how it supports the theme of the book. As patterns these coins never saw circulation, and their messages were never conveyed to the public. The last coin discussed is the Gold 5 Franc Pattern of the Democratic Republic of Congo. While it's another interesting and attractive coin, it's a pattern and I question their inclusion in the book. Overall, I was pleased with the book and my main wish would be for some of the pictures to be of higher-grade coins. For example, the 1795 United States $10 Eagle was far from uncirculated. No, I don't have a better one in my collection, but maybe I'm spoiled by the parade of gorgeous specimens of early gold pictured in auction catalogs recently. I was also disappointed with the complete lack of a bibliography, footnotes/endnotes or photo credits. To me, it's not a book without them. I shared a draft of this review with the publisher and by noon the next day the authors had already addressed two of these points - the ebook now includes a bibliography and a photo credit in the copyright section. Now that's a level of service you can't get in a hardcopy book, either. By the way - all coins illustrated are from the Smithsonian Institution's National Numismatic Collection. I'll leave the final question up to our readers. The list price is $19.95 - is that a reasonable pricepoint for an electronic book when Whitman publishes a 544 page softcover book for $19.95? (see the Catalog of Modern World Coins announcement above). There are pros and cons of both formats, but I do think we'll see more and more ebooks in the future. I'll look forward to subsequent titles in the Lybrary.com series. Chris Wasshuber adds: "Lybrary.com is a publisher and retailer specializing in digital publications. This is our first 'coin ebook'. We have a lot more planned. "The link to purchase this ebook is purchase this ebook Price is $19.95. The format is a PDF which can be printed out for personal use or read on a computer." [An Internet search found a Michael Fagin who scaled the walls of Buckingham Palace in 1982 and waltzed in to the Queen's bedroom, but Chris assures me it's not the same guy. -Editor] THE 1893 PATTERN COINAGE OF QUEEN LILLIUOCALANI OF HAWAII While reviewing the new ebook "Money & Sovereignty as Expressed in Gold Coinage" by Douglas A. Mudd and Michael Fagin, I learned about Hawaiian pattern coins of 1893 such as the Gold 20 Dala of Queen Lilliuocalani. But I wondered why I couldn't recall having come across these patterns before. I checked my copies of Metcalf-Russell's "Hawaiian Money" and the Judd and Pollock books on U.S. Patterns, but couldn't find anything on them. Now Hawaii wasn't part of the United States in 1893, but I was still surprised not to see these listed even in an appendix. My assumption is that the authors didn't include these patterns because they were not made at the U.S. Mint like the 1883 coinage - they came from England. "In 1893, just before the end of the Hawaiian kingdom, several pattern coins were produced in England for Queen Liliuocalani, Kalakaua’s sister and successor to the throne. The 20 dala gold piece (equivalent to an American $20 Double Eagle) featured a fine portrait of the Queen along with a Latin inscription on the obverse (Lilliuocalani by the grace of God) modeled on European royal coinages, and, on the reverse, a design incorporating a crown above a crossed scepter and a torch above a wreath of taro leaves with the legend “Hawaiarum Regina” (Queen of Hawaii) above. The kingdom was to last until 1893, when Queen Liliuocalani was deposed and a pro-American provisional government was set up, thus ending the first native attempt to adopt European–style coinage to their own purposes." (p69) I found only one online reference to the 1893 Gold 20 Dala - it was included among Coin Universe's "Top 100 World and Ancient Coins of the Millennium", an article written by Richard Giedroyc on December 8, 1999. Full Story So can anyone tell us more about these patterns? Who made them? How many were made? Where can we read more about them? QUERY: BROWN & DUNN GRADING GUIDE ILLUSTRATIONS David Lange writes: "Some years ago I was digging around the American Numismatic Society library when I came across a beginner's guide to coin collecting published in 1953. It included the familiar line drawings seen in the Brown & Dunn grading book, as well as the first two editions of the ANA grading guide. I thought this was quite remarkable at the time, since I'd never seen any mention of this book, and I'd always assumed that the line drawings were created a few years later specifically for the B & D book. "Unfortunately, as I was researching something unrelated, I didn't take a moment to write down the name of the book or its author. I'm also a long way from New York these days, without any immediate prospect of going there to check it out. Does anyone else know of this book?" INFORMATION ON THE BROWN & DUNN GRADING GUIDE esylum_v11n05a11.html A CATALOG OF NEW ENGLAND NUMISMATIC ASSOCIATION MEDALS In response to Dick Johnson’s inquiry, Eric von Klinger writes: "Coin World has the "Catalogue of NENA Medals" by Thomas B. Ross in its library. The book was published on behalf of the New England Numismatic Association by Ross, at Enfield, Conn., copyright 1972." Joe Levine also came forth with a citation. Clifford Mishler writes: "Thomas B. Ross’ plastic comb bound “A Catalog of NENA Medals” carries a 1972 copyright, with the “Foreward . . .” dated October 1, 1972, in Enfield, Conn. My copy is of the “First Printing / October, 1972.” "That small volume was succeeded 18 years later by an October, 1990, dated loose-leaf bound compilation titled “N.E.N.A. Conference & Convention Medals including Transportation Tokens & Related Exonumia: authored by Robert R. Heath, which includes a “Foreword” by James Ford Clapp, Jr. I have a presentation that was loose-leaf updated through 1994, with a “1994 Edition” title page. I do not know if update sheets were prepared for subsequent years. "I have perhaps the most complete collection of NENA medal issues outside of New England. I began collecting them in the late 1950s, and have endeavored to keep the set current and complete since that time. It was about 50 years ago that I acquired examples of the early issues, pre-dating my introduction to the series, from the late Maury Gould when he was operating as Copley Coin in Boston." [Cliff would also like to publish his new email address. He writes: "Effective March 1, 2007, e-mail communications for me should be directed to mish@EclecticPursuitsIola.com. While my old address will remain in service for an undetermined amount of time, the new address will be my primary account going forward. -Editor] SCOTT RUBIN ON BILL 'BROWNIE' BROWN Regarding our earlier discussion of Bill "Brownie" Brown, Scott Rubin writes: "Bill Brown was a coin dealer for many years in Lambertville, NJ. His store was on Bridge St. and was only a couple of hundred yards from the Delaware River. On the other side of the River is New Hope, Pa. At the time of Bill's shop New Hope was a thriving tourist town and Lambertville was a poor small town. Now Lambertville is just as much a tourist destination as New Hope. "There are also a few well known flea markets just outside town. At one time Bill was going to open his own flea market but it never came to pass. This was after he had closed his store. "If memory is correct Bill only closed his store because the real Estate company that owned the building wanted to use his store for themselves. I used to deal with Bill Brown from the early sixties until he closed, but I do not remember when that was. I bought many fine auction catalogues from Bill. Included in one group were my pristine copies of B. Max Mehl's Dunham and Atwater sales - I believe I paid $5 each for them. "There is the story that Bill appraised a very large collection of coins in Pennsylvania once and was told he could buy the entire collection. When he arrived with a truck to pick it up he found out that the coins had all been sold and he was to only get the library. So many of the Mehl's and other 1930-1940 auction sales I bought from him came from that very unhappy deal. "Bill also held monthly auctions of coins in the firehouse in Lambertville, and I attended at least one of these in the early 1960's. Bill also held at least one sale with Norman Pullen in 1970. "One last story about Bill: shortly after closing his store I called him to see if I could buy any books he still might have. He gave me his address and said to stop by when I could. Some time shortly after the call I drove into town looking for his street. I had trouble finding it and stopped to ask someone fixing their car in front of their house. He asked me who I was looking for, when I told him Bill Brown, he said turn right and the next corner and then another right and I would find Bill's house. Not only that he finished his comments with "He's home" - such a small town was Lambertville." ROBERT LEUVER'S THOUGHTS ON DIANE WOLF [Robert Leuver is an E-Sylum regular. Former head of the Bureau of Engraving and Printing, he is also a former Executive Director of the American Numismatic Association. Regarding our earlier discussions of the late coin design change advocate Diane Wolf, Bob submitted the following recollections. -Editor] We got to know Diane at the 1989 ANA Summer Convention in Pittsburgh, where I also met Wayne Homren for the first time. Diane had a broken foot or ankle. Ruthann asked my wife Hilda to assist her. Diane, Hilda and four-year-old Mary Ellen became good friends with Diane, as Hilda pushed Diane's wheel chair from the Hyatt to the Convention Center and back. Maybe Hilda and Mary Ellen appreciated the return to the Hyatt as they would pause for an afternoon "refreshment." I toured Washington, DC, with Diane in her limo. We stopped in the offices of many senators and congressmen to attempt to get a change in the design of US coinage. At the hearing Chairman Frank Annunzio began his opening remarks somewhat as follows: "There is someone in this room who knows how difficult it is to get The Congress to address and take action regarding the change to our money." That was me he was talking about. I testified many times before the Chairman's subcommittee on the changes to U.S. currency to thwart counterfeiting. I was one of the last members of the panel to speak. I knew how committee/subcommittee meetings work. You have to get the attention of the senator(s) or congressman(men) if you want them to listen to you. I opened my remarks by stating, "Mr. Chairman, I know to whom you addressed your opening comments and I can attest to the difficulty in changing the designs on our money." Chairman Annunzio smiled, as did his chief of staff Curt Prinz, and I offered my remarks for the record and spoke for only five minutes, looking the Chairman in the eyes the whole time. I wonder in retrospect whether it was the Chairman or Curt Prinz, who was so negative regarding change. Fine attire was a hallmark of Diane Wolf. But that is what made her so effective. You remembered her. You knew who she was 75 yards away in the corridors of the Senate and House office buildings. She took members of Congress to dinner at very nice places. They did not mind being seen with a beautiful young woman. Fond memories. Diane, you died so young. Too young! CBS 60 MINUTES ON ABOLISHING THE CENT Dick Johnson writes: "Alerted by the American Numismatic Association's 'In the Loop' email, I watched the 60 Minutes program on the current status of the cent tonight (Sunday February 10th). Is this the same Morley Safer that hit up the Franklin Mint in 1983? Twenty-five years has mellowed Mr. Safer. It was a puff piece for the U.S. Mint. "He took his camera to the floor of the press room of the Philadelphia Mint to show the obligatory freshly-struck cents pouring out of a chute. And to the office of Mint Director Edmund Moy. On camera, Moy was quoted as saying in the beginning when questioned about the cent and nickel costing twice face value he stated: "It's unsustainable!" And the final quote "Get rid of the penny? Not likely!" "Between these two comments were interviews of Art Weller, a lobbyist for the zinc industry who, not surprisingly, wanted to keep striking cents of the present copper-clad zinc alloy. Jeff Gore, a biophysicist, gave a commentary on the value of lost time in all the transactions in a year's time by every American. He calculated $41 billion in lost time every year. "David Leavitt, co-author of 'Freakonomics,' gave the most intelligent reasons to abolish the cent. And didn't object to rounding up or down at each transaction. "Director Moy stated he has studied other countries which have abolished their lowest coin denomination, and this did not influence his decision to continue striking of the cent. Yes, the U.S. Mint is considering other metals, steel most likely, for cent composition. It is difficult to overcome the sentimentality Americans hold for the cent and, to quote Safer, 'the love affair with Honest Abe.' "But the answer to the problem is not attacking one denomination and one composition. "The answer is to study the entire American coinage system with a view to future needs, not for past sentimentally. It was unfortunate Morley Safer did not interview Francois Velde, senior economist at the Chicago Federal Reserve Bank and co-author of "The Big Problem of Small Change." He has done more to study the problem and came to the most intelligent decision -- rebase the existing cent! Call it a nickel and let it continue in circulation. And round off the odd cents in cash transactions." ON THINGS FOUND IN BOOKS Regarding the question about things found in old books, Nick Graver writes: "In a large Toronto book store, I once was browsing one of my specialty sections, and had the time to really look at everything. As I worked along a shelf of old, books, I got to one with no title remaining on the worn spine, the real "dog" of the section. Since I was bent on checking every book there, I had to give it a look. It obviously had not been handled in a long time. It felt strange, and automatically opened to reveal another very small booklet "inside" it. Someone had stuffed the big book back on the shelf, and trapped the small book inside its pages! "I was delighted to discover a scarce and unusual title inside another book! - a choice item, in good condition, having been out of circulation for ages. It was neatly priced, likely in the hand of someone from an earlier era. The busy checkout clerk looked at it, possibly shrugged, and rang it up with my selections. I always felt I provided the long lost little book a good home. "In a 'sentimental' twist, years later, that section of our library was acquired by Toronto's Ryerson University, and the book went back to where I had rescued it!" THINGS FOUND IN OLD BOOKS esylum_v07n26a18.html THINGS FOUND IN BOOKS esylum_v11n03a33.html ON THE REWARDS OF EXHIBITING Bob Rhue writes: "Like anyone would, I enjoyed the treat of seeing Alan Weinberg's exhibit at FUN. Like Jim Halperin, I hope Alan treats us to a viewing of his Massachusetts Silver one of these days! "Of particular interest to me was Alan's comment of how 'extremely rewarding' it was to exhibit some of the treasures he's spent so much effort & so many years searching for and acquiring. And also how unrewarding it is to have them sitting in a dark bank box year after year. "He echoes my sentiments so clearly, ones that I have Previously expressed in these pages. Yes, it does take a definite commitment of time, expense, effort, and even a level of risk to exhibit the little treasures that for some often unknown reason appeal to us, & mean so much to us individually. The rewards are well worth it: the satisfaction of sharing information & letting others view our 'spoils' in whatever area of collecting interest we have; bragging rights; camaraderie; and pride of ownership, to name a few. All of these things are much harder to enjoy when our 'items' are eternally stuck in that dark bank box. "And by the way, thanks so much Wayne, for all your efforts in compiling this most fun publication, which brings such enjoyment and connection to so many of us numismatists." ALAN WEINBERG AND THE JANUARY 2008 FUN SHOW esylum_v11n03a10.html REFERENCES ON THE DRAKE MAP MEDAL Regarding the earlier discussion of the Drake Map medal by Alan Weinberg and others, John W. Adams writes: "The best reference on the Drake Map Medal is in Milford Haven's British Naval Medals. His #2 has an excellent image and an even better historical description. The Marquess rates Drake as England's finest naval officer ever. Additional auction records in my files include: 1) J Schulman, 4/10/05, lot 18. This is the van Doorninck collection and the item is plated. 2) Samuel Freeman, 6/15/36, the Charles Jeffery collection. I can't locate my copy of the sale but my recollection is that the medal is not plated. 3) Christies, 4/4/67. The medal was sold directly to the Library of Congress at 12,200 pounds. 4) Christies 1971. This specimen was sold for the equivalent of $50,000 to a book dealer who, in turn, presented it to the Library of Congress; they now have two. "There is an additional example in private hands and thus, Alan, hope may spring eternal." MORE ON THE DRAKE MAP MEDAL AND THE MERCATOR PROJECTION esylum_v11n04a18.html QUIZ ANSWER: NEW YORK STATE LIBRARY NUMISMATIC AUTHOR JOHN HICKCOX Last week I asked "which numismatic author worked for the New York State Library?" To which George Kolbe adds "... and was found guilty of nefarious activities later in his career?" Jim Duncan had a guess but the first and only correct answer was provided by George Kolbe. The answer I had in mind was John H. Hickcox, author of 'An Historical Account of American Coinage', published in 1858. Only 200 copies of this work were produced and apparently most were distributed to historians and libraries rather than coin collecting circles. Although extremely rare the book was the first comprehensive work on American coinage and provided the foundation for information that would appear in later classic works. I consider my original copy of Hickcox a centerpiece of my numismatic library. After working in the New York State Library in Albany, by 1870 Hickcox was living in Washington D.C. and working at the Library of Congress. Hickcox is known in library circles as the creator of United States Government Publications: A Monthly Catalogue, also known as Hickcox's Monthly Catalogue. But in 1882 Hickcox's career came to an abrupt end. He was arrested for taking letters addressed to the Librarian of Congress. According to Q. David Bowers in his book 'American Numismatics Before the Civil War', his crime was 'opening mail letters and pocketing the money'. QUICK QUIZ: What OTHER numismatic title was authored by Hickcox? For more information on John H. Hickcox, see: en.wikipedia.org/wiki/John_Howard_Hickcox,_Sr. repositories.cdlib.org NEW YORK STATE LIBRARY ARCHIVIST ARRESTED FOR DOCUMENT THEFT esylum_v11n05a16.html QUERY: PHILADELPHIA NATIONAL BANK OBSOLETE BANKNOTE COLLECTION While looking for other things I came across a full-page ad in the program for the 1941 American Numismatic Association convention in Philadelphia. It stated "Delegates to the A.N.A. convention are invited to inspect our collection of old state bank notes on display at our Downtown Office, 321 Chestnut Street. The Philadelphia National Bank / Organized 1803..." Would any of our readers know what ever became of the bank's collection? QUERY: AMOS AND ANDY RARE COIN EPISODE On occasion we've discussed numismatics in fiction, including books, plays, movies and radio and TV shows. While searching for other things I came across a mention of a rare coin plot in an episode of the old Amos and Andy show. I'm not even sure if this was a radio or TV episode, but it sounds like fun. Can anyone shed more light on this? "The Kingfish swindles Andy out of a rare coin and Andy swindles it right back by use of a clever trick in a phone booth coin slot." Full Story QUERY: WILL BRITANNIA SYMBOL REMAIN ON ROYAL MINT BULLION COINS? Regarding the removal of the Britannia symbol from British coinage, Dave Lange writes: "I'm assuming that Britannia is being removed solely from the circulating coinage, as I haven't heard of any plan to discontinue the Britannia series of bullion coins. In fact, a new image of Britannia was recently announced for that series." LONG LIVE BRITANNIA: ROYAL MINT TO REMOVE CLASSIC SYMBOL FROM COINS esylum_v11n05a23.html QUERY: WHO NAMED THE EURO? Paul Horner writes: "I have a question that perhaps a reader of The E-Sylum can answer: Who named the 'Euro' and when? No, I don't have the answer. But I would like to know!" [Great question! The event wasn't so long ago that the answer would be lost in the mists of time, yet it doesn't seem to be easily found on the Internet. One source I found says the name 'euro' was chosen the European Council in Madrid in 1995, but doesn't elaborate on who first proposed the name. Can anyone shed light on this topic? -Editor Full Story ] QUERY: 1898 DENTIST PORTRAIT PLAQUE RESEARCH Is there a dentist in the house? Dick Johnson writes: "In his monumental work, 'Medicina in Nummis,' [1,146 pages with 8343 numbered items, but with liberal use of letter suffixes drive the total well over 9,000 items] Horatio Robinson Storrer cataloged numismatic items of medical interest. With that sheer volume, errors were bound to creep in. "But not all were factual errors. Some were just Horatio's inability to read tiny letters of inscription or worse yet, artist's initials. Most of these items were in his own collection (but he did add others he found in numismatic literature, so the entire blame may not rest with him.) "I have a case in point. There is an artist who did seven portrait plaques of dentists. Only one is dated 1898 (thank goodness!). Horatio attributes these to an artist named Hitchcock. But he uses three sets of initials among the seven -- GS, JS or TS. This artist was a dentist himself and he lived in Oswego, New York. "One of the seven had a Massachusetts connection, so Horatio included it in his other book, 'Numismatics of Massachusetts' [319 pages, 2317 items] -- William Thomas Green Morton Plaque. It is Storer (Mass) #1986 and Storer (Medical) #2543. "I wished to resolve the gentleman's correct initials and learn his full name (and possible dates). So I wrote to the Oswego Historical Society. They could not help. Apparently city directories did not exist for such a small New York town at that time. Since the locality lead came up blank, let's try the dentist lead. Is anyone aware of a directory of New York dentists of the 1898 period? Or does any reader have other suggestions on how to obtain this vita? Thanks." PISMO BEACH CLAM MONEY SOUGHT Web site visitor Morton Leiter writes: "During the depression, my father and some other merchants in Pismo Beach, California used clam shells as barter money during the bank closure. The ones my father issued had the Leiter's Pharmacy logo on them and his signature. I have visited the collection in the Smithsonian several years ago, and recently saw a photo of one in a coin magazine. "Since I and my son still operate Leiter's Pharmacy we would be very grateful to obtain one or two of these original clam shell pieces of barter from the original Leiter's Pharmacy. Do you have any idea how or where we could obtain these? Thank you for your courtesy, Morton Leiter; Leiter's Pharmacy; 1700 Park Ave, Ste 30; San Jose, CA 95126. (408)309-4570, email: mleiter@pacbell.net. " [These clam shells are one of the most interesting and unusual items of private scrip to come out of the Great Depression. I've read about them as well, but have never seen one in person. I imagine they are pretty rare today, and don't recall seeing one offered in a numismatic auction. It would be great to reunite one with the issuing family - can any of our readers help? -Editor] DEAD SEA SCROLL SCHOLARS ARGUE MEANING OF "BLACK" COINS Arthur Shippee forwarded this paper from the Dead Sea Discoveries (Volume 14, Number 1, 2007) by David Goldenberg titled "Babatha, Rabbi Levi and Theodosius: Black Coins in Late Antiquity". The paper discusses the controversial interpretations of the scrolls' mention of "black" coins. "In six Greek papyri recovered ... on the western shore of the Dead Sea the word “blacks” appears as an otherwise unknown term of coinage. Various monetary sums are expressed as so many “blacks,” e.g., “one black and thirty lepta” or “710 blacks of silver.” ... Bowersock conjectured that the small amount of silver in these coins would have allowed for a process of oxidation to have turned the coins black. ... Meshorer took issue with Bowersock’s explanation, arguing that the papyrus documents indicate that the “blacks” were not of low value, and anyway low quality silver would not turn. His conclusion is precisely opposite to Bowersock: the “blacks” are Roman denarii of high quality silver. " To read the complete article, see: Full Story NORWEGIAN FIND IN ICELAND ILLUSTRATES 1840S COIN CIRCULATION Regarding last week's item about the old Norwegian coin discovered in Iceland, Jurgen Sumod writes: "A Norwegian coin from 1653 cannot have been struck at Kongsberg, but in Christiania, present Oslo, as the Mint in Kongsberg at that time not yet was established. Icelandic coins are still imported, as they don't have their own Mint." NORWEGIAN FIND IN ICELAND ILLUSTRATES 1840S COIN CIRCULATION esylum_v11n05a27.html ANOTHER 1933 DOUBLE EAGLE FOUND IN CAIRO? [This report from a Russian publication (citing an Egyptian publication) seems to hint that another 1933 double eagle has turned up. I don't believe it, although the story has been making the rounds as it gets picked up by other web sites and blogs. I've not yet heard any credible source confirming the claim, although the tale of the 1933 Double Eagle to date has been one full of surprises. -Editor] CAIRO, February 4 (RIA Novosti) - A rare U.S. double eagle gold coin that could be worth up to $15 million has been found by an Egyptian couple as they cleaned out their flat, the Qatar Ar-Raya newspaper said on Monday. The precious piece of gold was discovered in an old box that had once belonged to Mohamed Ismail's grandfather while he and his wife, Fatima, were throwing old clothes and broken furniture out of a closet. Mohamed subsequently sent the coin to experts, hoping that he would get a few dollars for it. However, the tailor was shocked when the experts told him that his grandfather had left him a unique coin of historical value. Double eagle coins were first minted in 1850 and were used to settle accounts between banks and other financial institutions. Specialists believe that the double eagle found in Egypt could be part of Theodore Roosevelt's 1933 collection of coins redesigned by famed American sculptor Augustus Saint-Gaudens and given to King Farouk of Egypt as a present. To read the complete article, see: Full Story BRITISH TREASURY ACTION THREATENS SCOTLAND'S BANKNOTES [E. Tomlinson Fort forwarded this article from The Economist about a British Treasury decision that could lead to the extinction of banknotes of Scotland. -Editor] One clear sign that Scotland is another country is that its money looks different. Scottish heroes rather than Britain's queen adorn the notes issued by the three biggest Scottish banks. Sir Walter Scott, a novelist, is commemorated by the Bank of Scotland (now part of HBOS but, in 1696, the first bank in Europe to make a success of paper money) because he fought off a dastardly attempt in 1826 by Westminster to stop Scottish GBP1 notes from being issued. The power of Scott's pen is needed now, rages Alex Salmond, Scotland's nationalist first minister: the British Treasury has launched a raid on this iconic lolly. Scottish and Northern Irish banks (unlike their English rivals) are still allowed to print money, which is worth exactly the same as Bank of England cash. But a new plan would make them back their notes more fully. The Clydesdale Bank, a Scottish subsidiary of National Australia Bank, fears this means that issuing notes will no longer be worthwhile. The Treasury plan is ridiculous anyway, Mr Salmond argues, because Scottish banks are among the most stable in the world. See this article with graphics and related items at Full Story DESIGN CONTEST FOR COIN COMMEMORATING THE 10TH ANNIVERSARY OF THE EURO "To celebrate the 10-year anniversary of the launch of Economic and Monetary Union (EMU) and the creation of the euro, all euro-area countries will issue a commemorative 2-euro coin with a common design. It will be available at the beginning of 2009. A design competition between the mints of the euro area has resulted in the pre-selection by the Mint Directors of 5 designs, presented here. The final winning design will be selected exclusively by your votes via this web page. "The selection is open to all EU citizens and residents. Each person may only vote once. A prize of a set of high-value euro collector coins will go to a participant chosen at random from those who voted for the winning design. Voting will be closed on 22 February 2008." To see the five pre-selected designs and to vote click here: Full Story OKLAHOMA STATE QUARTERS RELEASED [The Muskogee Phoenix published an article this week about a local bank chosen to release the first Oklahoma state quarters. -Editor] Mildred Bruce, 79, was one in a long line of people waiting for the 11 a.m. Monday release of the Oklahoma commemorative state quarter at BancFirst. Bruce was at BancFirst’s location at York Street and Shawnee Bypass. The new quarters feature the official state bird and the state wildflower: the scissor-tailed flycatcher and the Gaillardia puchella, or Indian blanket. The 11 a.m. release was timed to coincide with an official kickoff in Oklahoma City featuring Gov. Brad Henry and United States Mint Acting Deputy Director Dan Shaver. Oklahomans have had quite a wait for their own quarter; it is 46th of the United States Mint’s popular 50 State Quarters Program. The design was selected in a statewide online vote that drew more than 148,000 votes. Shannon George, marketing officer for BancFirst, said she was pleased to see how many people turned out for the release. George said the BancFirst locations in Muskogee had $4,000 in new quarters on Monday. Customers were limited to one $10 roll of 40 quarters. The coin will be officially released to all banks on Wednesday. “People have been asking us for weeks and weeks when they would be available,” George said. “They also asked about the design; a lot of them weren’t sure what it would look like. I like the design; I think it’s perfect.” To read the complete article, see: Full Story ARTICLE COVERS TEXAS BANKNOTE HISTORY [This week the Houston Chronicle published a lengthy article in conjunction with a Texas Numismatic Association exhibit on the money of the Lone Star State. Here are a few excerpts. -Editor] A worldwide financial panic fueled by tight credit and the collapse of the real estate boom spread from country to country. Meanwhile, the president promised to veto any legislation he considered inflationary and damaging to the economy. That's the way things were 170 years ago for the fledgling Republic of Texas. "It was eerily similar to today," said Merrill Lynch vice president James Bevill, who is president of the Texas Numismatic Association. Money printed by Texas while it was an independent country will be on display in Houston starting Friday at the association's winter coin and currency show. The association also is compiling, for the Alamo, a display of Texas money that will feature examples of every surviving type of note, with currency on loan from 21 collectors. "Not every historian is a numismatist," he said, "but every numismatist is a historian." Bevill is the author of the book A Paper Trail Across Texas — The Epic Struggle for Money, Credit and Independence in the Republic of Texas, to be released in December. The republic, which had no gold or silver, never minted coins. The coins that were in use were from the United States, Mexico and other countries. Ironically, during the same period, the United States printed no paper money and only minted gold and silver coins. During the administration of President Mirabeau B. Lamar, Texas issued money called "red backs" because of the bright red-orange printing on the reverse sides. Although Texas money was officially supposed to be worth the same as U.S. money, the red backs soon were trading for as little as 2 cents on the dollar. In 1842, Texas began issuing "exchequer bills," printed in denominations ranging from 12 1/2 cents to $100. In the final days of the republic, the government started taking exchequer bills in payment of taxes and then burned them. Today the remaining exchequer bills are the most valuable Republic of Texas money, Bevill said. The last time one of the three known 50 cent bills was sold at auction, it went for $28,700, he said. In all, the Republic of Texas issued more than $4 million in paper money printed in Houston, New Orleans and New York. To read the complete article, see: Full Story HIGHER PRICES BREATHE LIFE INTO GOLD PROSPECTING INDUSTRY [This morning's Washington Post had a good article on how today's higher gold prices are encouraging more prospectors to search for the metal. -Editor] Membership in gold prospecting clubs is climbing nationwide, along with sales of pans, dredges, metal detectors and other small-scale mining equipment. A trade show recently hosted by the Gold Prospectors Association of America in Orange County, Calif., typified the trend. "I saw more people walking out with more metal detectors and sluice boxes than I can remember in a long time," said Ken Rucker, general manager of the 45,000-member association. "That $900 is really getting to people." The group has received hundreds of calls and e-mails from interested gold seekers. New memberships are increasing, and the number of membership renewals at the close of 2007 was twice as high as the year before, said Brandon Johnson, the director of operations. As a result, the association is preparing to add to its staff. The heightened interest is nowhere near that of the famous 19th-century gold rushes in California, Alaska and Canada's Yukon Territory. Those grizzled prospectors have long since been replaced by recreational gold hounds -- mostly seasonal workers and retirees. About 150 families in Alaska live off gold they have collected, state officials said. But longtime prospectors say small-scale mining is generally unpredictable, tough on the body and yields little to no profit. "If you love ditch-digging, you'll just love gold mining," said Steve Herschbach, owner of Alaska Mining and Diving, a mining-supply shop in Anchorage. Toni Logan Goodrich, who co-owns Oxford Assaying and Refining in Anchorage, said high prices are bringing a younger demographic to mining. It's a shift from 10 years ago, when she wondered whether her business of purifying and assessing gold would survive. Goodrich displayed the impressive amounts of gold unearthed by her clients. In the workshop, her husband smelted 18 pounds of gold into a brick worth $250,000. Three fistfuls of gleaming nuggets and two quarts of gold flakes sat nearby, with a total value of another $500,000. To read the complete article, see: Full Story BUY THE BOOK WAAAAAY BEFORE THE COIN Joseph D. McCarthy writes: "For years folks like Aaron Feldman and Dave Bowers have been recommending "Buy the book before the coin. Tell Dave he has been right but he didn't know why. In this case it took one hundred years after the book was written before the coin was even made. 2008 is the 100th anniversary of the publication of the book 'Anne of Green Gables', and the Royal Canadian Mint is releasing a Commemorative quarter.” [The following text is from the Royal Mint's web site. -Editor] "Cherish Anne of Green Gables with this unique gift and keepsake. In 1908, the world was captivated by Anne of Green Gables, a wonderful story by Lucy Maud Montgomery that recounts the childhood adventures of a spirited, red-haired orphan named Anne Shirley. Today, people still flock to Prince Edward Island to discover the charming sights — and with this exclusive coin from the Royal Canadian Mint, they can forever cherish its beloved character and heroine. It’s the perfect addition to your Anne of Green Gables™ collection—or the perfect gift for your favourite fan of Anne! "Details of the celebrations being planned and “all things Anne”, including the RCM’s coin, becoming available in mid-April 2008, can be found at www.anne2008.com." To visit the Royal Canadian Mint web site, see: Royal Canadian Mint TAIWAN RESIDENTS SNAP UP NEW BANKNOTES FOR CHINESE NEW YEAR GIVING [The China Post reports a run on new banknotes in Taiwan. -Editor] The upcoming Chinese New Year has prompted a rushed on freshly minted banknotes islandwide, Chinese-language media reported yesterday, amid concerns that some banks and ATMs had already been out of new bills earlier that afternoon. Taiwan-based news network TVBS claimed, however, that half of ATMs were unable to deliver cash, stressing that new NT$1,000 bills caused the machines to malfunction as they were thicker and stick together more easily. "We have handled a lot of new banknotes from the Central Bank in prevision of the Chinese New Year, but so far we haven't had any problems with the new bills," an employee from The Shanghai Commercial & Savings Bank, Ltd., told The China Post. "It's just that lots of people want to change their old bills," she added. Seven commercial banks islandwide started Jan. 31 to exchange old bank notes with newly minted paper currency to people, who wish to give out red envelopes for Chinese New Year. NT$100 notes are hot items before the Lunar New Year holidays because red is considered a lucky color in Chinese culture. The Central Bank of China (CBC) said it has made available nearly NT$400 billion for the public to exchange old NT$1,000, NT$500, and NT$100 bank notes. To read the complete article, see: Full Story FLORIDA TOLL COLLECTORS REFUSE 'STICKY' COINS [The News-Press of southwest Florida published an article this week about toll collectors who refuse to accept "pennies" and "sticky" coins. -Editor] It was hard enough for those of us who don't carry much cash to get over the bridges into Cape Coral when it only cost $1. Imagine how the cash-challenged are with the new $2 one-way toll. Take Courtney Wright of Cape Coral, for instance, who was trying to get home one recent evening only to discover she was out of money. So Wright did what any woman who carries a handbag does. She dove to the bottom and scrounged around eventually finding one dollar bill, three quarters, two nickels, a dime and five pennies. For most of us, that equals $2. But using Cape Coral bridge collector math, Wright was five cents short. Wright was told the new LeeWay policy was not to accept pennies and, furthermore, her change was "sticky." "From now on," Wright repeated what she said the toll collector told her, "pennies and sticky change would result in ... three points on my license." I found it hard to believe that LeeWay, the agency that collects tolls, was rejecting pennies and dirty money. So I called LeeWay manager Susan Hopwood to see if she could shed some light on this situation. When I told her the story about the collector not wanting to accept Wright's change, she immediately asked: "Was it sticky?" Now how did she know that? Have sticky pennies been a problem lately? In fact, they have, Hopwood said, jamming up machines and forcing collectors to touch coins they'd rather not. "Pennies are OK, but we discourage them because it takes longer to count them," Hopwood said. "But a sticky coin is different. "You don't know where a coin has been," Hopwood said of the money handed over to collectors. "Sometimes motorists take it out of their mouths and we ask them to clean it." I'm not the squeamish type but the thought of this has me reaching for hand sanitizer. I really didn't want to go there, but this begged for an explanation. "When the toll was 50 cents rather than have the money in a pocket motorcyclists would put two quarters in their mouths and then hand it to the collector. That's happened more than once," Hopwood said. To read the complete article, see: Full Story FOOL'S GOLD: TROPICAL PURSUIT OF LOVE, COINS AND NO TAN LINES [Arthus Shippee forwarded this review of the new movie "Fool's Gold" which was published February 9 in the New York Times. Its headline is "Tropical Pursuit of Love, Coins and No Tan Lines". Arthur writes: "Well, the review mentions old Spanish coins, right near the end, so I guess it applies ...". -Editor] In “Fool’s Gold” Kate Hudson and Matthew McConaughey, as golden as a pair of rotisserie chickens, squabble and cavort in a tropical paradise. How nice for them, and for those in the audience who want nothing more from a midwinter trip to the movies than to gaze upon the tawny limbs and perfect bellybuttons of the stars. Not that there isn’t a lot of other stuff going on in “Fool’s Gold,” a hectic action-romance-comedy directed by Andy Tennant from a script credited to him, John Claflin and Daniel Zelman. If only this hodgepodge offered more fun and less of the kind of frantic creative desperation that tries to pass itself off as giddy comic exuberance. For a time “Fool’s Gold” holds out a vague promise of romantic farce, since it seems possible that either Gemma or her dad, or perhaps both, might become an obstacle to Tess and Finn’s inevitable reconciliation. Instead the film stages a melodrama of father-daughter estrangement between Nigel and Gemma and abruptly shelves the dumb bimbo jokes, though not the leering camerawork aimed at Ms. Dziena. And so the prospect of fireworks between Finn and Tess is quickly dampened, and the movie turns into a dull, noisy pursuit of old Spanish coins, aided by maps and letters and enough pseudohistorical explanation to round out the next episode in the “National Treasure” franchise. To read the complete article, see: Full Story FEATURED WEB SITE: CATALOG OF FANTASY COINS This week's featured web site is a catalog of fantasy coins. "The Ultimate State of Tedivm or: “Confronting the Dire Consequences of Boredom in the Numismatic World…” A Graphic Catalogue of Coins, Private Patterns, Medallic Issues & Banknotes from Unrecognised States Micronations Alternative Communities Autonomy Movements & Fantasy Locations With an Emphasis on European issues and an extra section for the Private Pattern Antarctic Coins minted by F. Zinkann, esq." Catalog of Fantasy Coins 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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