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Volume 18, Number 33, August 16, 2015
Click here to read this issue on the web
Click here to access the complete archive To comment or submit articles, reply to whomren@gmail.com WAYNE'S WORDS: THE E-SYLUM AUGUST 16, 2015New subscribers this week include: John Ostendorf, John Staffod-Langan, Terri Ventresca, and Dr. Ellen Feingold. Welcome aboard! We now have 1,857 subscribers. First, congratulations to Barbara Gregory, Editor-in-Chief of The Numismatist, who with October's issue (now in the works) will have surpassed Frank Duffield (editor from 1915 to 1942) as the longest-serving editor in the history of the American Numismatic Association's flagship publication, which began in 1888. The Numismatist continues the long tradition of numismatic research and writing with an interesting mix of topics each month, in both print and electronic form. This week we open with an update from Kolbe & Fanning on their upcoming numismatic literature sale, two new books, and word of the loss of three numismatists. Other topics include Henry Chapman's secretary, the 1795 Reeded Edge cent, robots at the Mint, numismatic particularization, alternative currencies in Greece, the Dickin medal, and the new 100 Yuan banknotes from China. To learn more about Robert Scot, Bob Vlack, chess-playing American numismatists, ANA World's Fair of Money events, numismatic mentors, Wilford Brimley, Mint Cabinet Accounts and the Staffordshire Agricultural Society, read on. Have a great week, everyone! Wayne Homren
KOLBE & FANNING SALE 139 SATURDAY, AUGUST 22, 2015
David Fanning forwarded this note about the upcoming Kolbe & Fanning numismatic literature sale. Thanks. -Editor
Kolbe & Fanning wish to remind everyone that our Sale 139, featuring selections from the libraries of Margo Russell and Raymond Hale, will be held beginning at noon eastern time on Saturday, August 22. Some highlights from the sale include:
Lots 58 and 92 Lots 84 and 85 Lots 225 and 228 Lots 253 and 315 Lots 374 and 419 The sale has been posted to Kolbe & Fanning’s custom online biding platform at auction.numislit.com, where every lot is illustrated in color and where absentee bids can be placed at any time prior to the sale. The live sale will be conducted on the same site beginning at noon eastern time this Saturday, August 22. Printed copies of the catalogue have been mailed to those on our mailing list. For the convenience of browsing and keyword searching, a PDF of the printed version has been posted on the main Kolbe & Fanning website at numislit.com. As a reminder, bidders may participate in this sale in a variety of ways. Please feel free to send us your bids in the regular mail or send us an e-mail at df@numislit.com . Give us a call or send us a fax. However, all absentee bids given to us must be received by the day before the sale. For those who prefer the experience of live bidding, please check out our live biding platform at auction.numislit.com. Register in advance of the sale and browse the lots at your leisure: all lots are illustrated in the online catalogue. Absentee bids can be placed online anytime before the lot is sold. Bids will be reduced as competition dictates and the privacy of your maximum bids is maintained. Thanking you in advance for your bids, Kolbe & Fanning NEW BOOK: THE VALUE OF MONEY
Dr. Ellen Feingold is the Curator of the National Numismatic Collection at the Smithsonian National Museum of American History. I had the
pleasure of meeting her this week at the ANA World's Fair of Money in Chicago. Her new book is the catalog accompanying the new
numismatic exhibit at the Smithsonian. It will be available for sale September 29, 2015. -Editor
The Value of Money celebrates the power of using monetary objects to explore history. This richly illustrated book features over 175 objects from the Smithsonian National Museum of American History’s National Numismatic Collection. With objects from every inhabited continent, spanning more than 2,600 years, this book showcases the National Numismatic Collection’s unique strengths, including the geographic and chronological diversity of the collection and the stunning rarities it contains. The companion volume to a major exhibition of the same name, this book examines the origins of money, new monetary technologies, the political and cultural messages money conveys, numismatic art and design, and the practice of collecting money. The Value of Money connects American history to global histories of exchange, cultural interaction and expression, political change, and innovation. Hardcover: 172 pages
For more information, or to order, see:
NEW BOOK: ROBERT SCOT - ENGRAVING LIBERTY
Author William Nyberg forwarded this press release about his new book on U.S. Mint engraver Robert Scot. Thanks! -Editor
Robert Scot was without doubt the most prolific of colonial American engravers. His patriotic symbols inspired sentiments of rebellion, unity, and liberty throughout the Revolutionary period, and on into the early 19th century. His highly-skilled engravings depicted important historical events, such as a detailed map of the Siege of Yorktown, and included the original design for the Great Seal of the United States, various medals, coins and paper currency. In addition, the first encyclopedia published in America was enhanced by his superb scientific engravings. Until now, despite his significant achievements, this friend of the Founding Fathers has largely remained unknown to both historians and the general American public. William Nyberg’s extensive research of Scot and his world now allows his story to be told for the first time. This enthralling biography justifiably places Robert Scot among the most important and influential of early American artists. “A superb work and important contribution to the study of early American numismatics. Nyberg's engaging narrative, built upon hundreds of primary sources, is equally authoritative and readable. A complete examination of Scot's engraving work, including coins, medals, paper money, seals and revenue stamps, is long overdue, and Nyberg is fully up to the task.” - Leonard Augsburger, co-author of The Secret History of the First U.S. Mint About the Author William F. Nyberg is a member of the Historical Society of Pennsylvania, the Library Company of Philadelphia, and the American Numismatic Association. He learned the lost art of silversmithing at the Pratt Fine Arts Center. He has an MBA from Seattle University, works in the aerospace industry, and is a member of the Institute of Industrial Engineers. He has previously published articles of numismatic research in the John Reich Journal. Format: 6" x 9" paperback on permanent paper, printed in the United States
Endorsements “A superb work and important contribution to the study of early American numismatics. Nyberg's engaging narrative, built upon hundreds of primary sources, is equally authoritative and readable. A complete examination of Scot's engraving work, including coins, medals, paper money, seals and revenue stamps, is long overdue, and Nyberg is fully up to the task.” - Leonard Augsburger, co-author of The Secret History of the First U.S. Mint " In this well-written and carefully researched book, William Nyberg has given life to a shadowy figure from the early years of the Philadelphia Mint. Not only was Chief Engraver Robert Scot a superb line engraver, but his efforts on our coinage have now emerged to give him a long overdue recognition. Those collectors interested in our early coinage will do well to obtain this fine reference for their library." - Robert Julian, author of Medals of the United States Mint "The wealth of new information found within this volume sheds new light, greatly enhancing the respect and admiration for the work of Robert Scot." - Steve Tompkins, author of Early United States Quarters 1796-1838
I'll look forward to this one, which Len Augsburger had high praise for, having seen the manuscript before publication. -Editor
For more information, or to order, see:
ROBERT A. VLACK, 1927 - 2015
Ray Williams submitted this obituary of author Bob Vlack. Thanks. -Editor
(1/29/27) - 8/11/15 Bob was born and raised in the South Bronx, NY during the Depression years. He moved to Connecticut, entered the military serving during WWII in the Army as a medic, entered college under the GI Bill and did his graduate studies at Northern University and MIT. Being the proverbial (and literal) "rocket scientist", Bob used his engineering skills working in ground support for the Titan Missile program. Later he was employed as a Project Engineer for Western Electric. At the age of 50, he retired from the 9:00 - 5:00 workforce and became a coin dealer. It was at this time that he served in the New Hampshire House of Representatives as a Legislator. Bob started collecting shortly after WWII and later decided to specialize in collecting and studying the coinage and paper money of our colonial times. In the 1950s, he started doing serious numismatic research and over several decades he constructed photographic plates of colonial coin images, assisting the collector in identifying die varieties. Several colonial coin die varieties are known by the Vlack numbering system, including the coinage of Machin's Mill and St. Patrick Halfpence (among others). He wrote articles in various numismatic publications, including eighteen of them in the Colonial Newsletter. His first book, Early American Coins, was published in 1965. In 2001 he published Early North American Advertising Notes and in 2004 he published The French Billon Coinage in the Americas (a C4 publication). This book won the Fred Bowman Literary Award by the Canadian Numismatic Research Society in 2005. Bob also was involved in the editing and rewriting of many numismatic books we enjoy today. In 2007, the Colonial Coin Collectors Club awarded him its Lifetime Achievement Award. Bob was active in, and a member of, many numismatic organizations. He was president of the Collectors Club of New England and La Societe Americaine. In addition to his writings, he gave educational presentations as the featured speaker for many clubs and numismatic organizations. He is survived by six children, thirteen grandchildren and 11 great-grandchildren. On a personal note, Bob was always willing to help collectors from the novice to the expert. On the bourse floor, his table was never empty - between helping customers with an inventory that had something for everyone, or assisting a researcher, or educating a collector. Bob always had a smile on his face and a welcoming demeanor. His passion for numismatics was addictive. He will be missed by many and remembered through the ages for his numismatic contributions. Ray adds: Bob has run the race and crossed his finish line. Every year we lose great numismatists who have had such an influence on our hobby. Let us appreciate those that are still with us and thank them for their contributions when we can. When I had (as C4 President) the privilege of informing Bob that he was being awarded the C4 Lifetime Achievement Award, I had to do so in a phone call as he lived in Florida at the time. I could hear the tears in his voice as he was thanking me. It has been my experience that few in our hobby make their contributions to win awards, but when an honor is bestowed, it is tremendously appreciated.
I never met Bob, but admired his expertise and enjoyed his books. I have some of his photographic attribution plates in my library. He
will indeed be missed. Thanks. -Editor
BILL ANTON HAS PASSEDRay Williams writes: I had a friend return from the ANA Convention and mention that he heard a rumor that Bill Anton had passed away. I checked and there was no obituary I could find online in New Jersey newspapers. I checked with a number of people I thought would know and received confirmation that Bill passed about two weeks ago. No one had any details. Bill had been ailing for quite a while and this is not a surprise. His name is familiar to all collectors of New Jersey Coppers. He was a significant part of the first NJ copper Symposium (April 20, 1991), authored a book with Bruce Kesse about counterfeit British Halfpence, and wrote a major NJ Copper article in the Colonial Newsletter. Others knew Bill much better than I and I hope they'll share some stories.
This is more sad news. Thanks, Ray. Can anyone provide more information? -Editor
VASILIJS MIHAILOVS, 1978-2015
Howard Daniel submitted this obituary for Vasilijs Mihailovs, and advanced collector friend of his who lived in Bangkok but passed away
in Riga, Latvia. Thanks. -Editor
Vasilijs Mihailovs was born in Riga, Latvia on May 15, 1978 and he passed away on August 11, 2015 during an medical operation in Latvia. He first came to Thailand on a UNESCO Scholarship to study at Kasetsart University. Then he went back to his home country and graduated summa cum laude from the University of Lativia with a Masters in Philippine Asian Studies in 2005. He returned to Thailand and taught at Silapakorn University from 2003 to 2011. Then he was employed at Bangkok International Associates from 2011 to 2015. Vasilijs was a specialist in Thai, Maldives, Dutch colonial and related coinage, and a Life Member of the Numismatic Association of Thailand. The owner of Bangkok International Associates is Ronachai Krisadaolarn and he is an advanced collector in Thai and neighboring country's numismatics. Ronachai and Vasilijs teamed up and wrote Siamese Coins from Funan to the Fifth Reign. It took many, many years of work to produce it. It won the International Association of Professional Numismatists (IAPN) Book of the Year and Vasilijs and Ronachai were awarded their gold medals on January 19, 2014. Their book is now the standard in the field of Thai coinage. Vasilijs will be greatly missed by numismatists in Southeast Asia and worldwide. Vasilijs (left) and Ronachai (right) are displaying their I.A.P.N. Book Prize Medals NOTES FROM E-SYLUM READERS: AUGUST 16, 2015Was Hans Schulman Responsible for 'Hogmouth'?
I believe that the "Hogmouth" sobriquet was thought up by coin dealer Hans M. F. Schulman, probably in the 1950s, as a way to get a better price for these common coins. If you do a Google search, you quickly notice that ALL of the "Hogmouth" references are to coins; none are to any conventional biography of him, much less any Austrian mentions. "Hogmouth" appears in the Wikipedia article, but only in reference to a coin. Leopold I was never called this during his lifetime.
Does anyone have more information on this? When and where was the first numismatic reference to Leopold I as "Hogmouth"?
-Editor
To read the earlier E-Sylum article, see:
More Chess-Playing American Numismatists
I was rated as high as 1892. Charlie Adkins may have made Master (2200). The best is Sid Belzburg (Canadian but has lived in NYC), a fairly good friend of Gary Kasparov. Steve Goldstein plays the game and collects chess medals. The Marshall Chess Club, when I was a member, had some medals among its memorabilia. Ralph Dubisch writes: Not sure if I qualify, as I'm more of a numis-playing chessist. I'm a FIDE Master of chess, and something of a collector/investor in coins, though I am a life member of the ANA. Eric Holcomb forwarded the E-Sylum link to me. He's a serious numismatist, club-level chess player, and businesses manager of Northwest Chess magazine, winner of the Best State Magazine award by the Chess Journalists of America in 2014 and 2015. John Dale Beety writes: Recently I saw myself mentioned by Pete Smith in The E-Sylum as a former junior chess champion. I'd like to offer a bit of confirmation and clarification. I played chess more-or-less casually until high school, when I started taking it more seriously. I was a two-time Indiana State Junior Blitz Chess Champion -- in "blitz chess" one must make all moves in five minutes or less and going over usually means a loss. I won my championships in 2001 and 2002, at ages 15 and 16, and I briefly was in the Top 20 Juniors list of the now-defunct World Blitz Chess Association. At age 17, as a college freshman, I tried a last defense of my title, but I came in third and deservedly so. That was my last chess tournament; I didn't have the time or talent to compete at the senior level and I knew it, so I retired with my happy memories of chess intact. I've attached a photo of me at age 30, wearing the medal I earned at 16. I'm also holding a coin from the Eric P. Newman collection as a token of a more enduring hobby love.
Thanks, everyone. Chess medals! There's a topic I don't think we've ever covered. Can anyone provide images of other chess
medals? -Editor
To read the earlier E-Sylum article, see:
More Double Struck Buffalo Nickels
With regard to double struck buffalo nickels like the one in the ANA sale, here are a few more and there are likely others. Error coins have always been an unappreciated area of numismatics. To read the earlier E-Sylum article, see:
More on the American Art Museum Medal Collection
George Cuhaj submitted this note on the medal collection of the Smithsonian American Art Museum. Thanks! -Editor
Two weeks ago you made note of the medals exhibit at the Smithsonian American Art Museum in Washington DC. F and 9th St. Here is a photo I took in about 2007. It is in the annex building across the street from the Spy museum, not in the building on the Mall. Luce Foundation Center, 4th Floor., in a west corner of the 19 Century building which has a central atrium area. It is a great conversion. The medals are mostly US late 19th and early 20c artists, and depict plasters, models and some final pieces. Of note are some of Paul Manship's plasters and models for early Military Medals as well as some of his other cast works. The open display is packed, and the trays at the bottom are pull out, and hold many additional medals and plasters. All with limited information on the cards. Some of the galleries are currently under renovation, says the website. So this may have all changed. To read the earlier E-Sylum article, see:
MULTIPLE ORGANIZATIONS PROVIDE AUTHOR GRANTSIn last week's item about Central States Numismatic Society author grants, CSNS Education Director Ray Lockwood wrote: "We know of no other numismatic organization that is funding numismatic research and/or publications." Society of Paper Money Collectors Treasurer Robert R. Moon writes: The Society of Paper Money Collectors (SPMC) has been in the forefront of supporting research and publications for over FORTY YEARS when, starting in the 1970's, it helped authors front the costs of publishing updated references on Obsolete Bank Notes. Over the years, about 20 new State references have been published thanks to full or partial funding from SPMC. In addition to Obsoletes, we have helped fund the publishing of several books on National Bank Notes including M. Owen Warns "The Nevada Sixteen" and Peter Huntoon's "Territorials". Also, as Treasurer of SPMC for the past ten years, I can personally say that, at the direction of our Board of Governors, I have written numerous checks for thousands of dollars to fund research of various types of paper money. Most recently, I sent a check for $5,000 to Peter Huntoon for his on-going research at the National Archives.
TAMS, C4 and other organizations also finance publications in their specialty areas. I think Ray was referring to the fact that CSNS
grants are broader, and open to any numismatic author on any topic. Sorry for the confusion. -Editor
I checked with Ray Lockwood, who writes: You are correct in stating that our grants are broad and open to any numismatic author. To read the earlier E-Sylum article, see:
MORE ON RIDDELL'S 1845 MONOGRAPH
Last week Bob Leonard pointed out text in the Concluding Remarks section of J.L. Riddell's A Monograph of the Silver Dollar, Good
and Bad describing how the book's plates were made. -Editor
Gary Beals writes: Holy Gutenberg — I got some book-learnin’ to do about book printing! Thanks Bob Leonard, you caught me asleep at the switch on that one — and I still don’t quite understand what Riddell did. Somehow he took the relief images of coins and made them simply up or down images to print. And I accidently insulted Riddell by saying he didn’t want to spend the money on line art when he was actually pioneering something quite new and valuable. My ignorance of pre-photographic printing techniques leaves me in awe of you grand folks, both numismatists and book scholars. As I work on El Numiscadero, my Spanish-English numismatic dictionary I find both the words imprenta – to print – and impronta – to make a rubbing, I think! With Bob’s observations I can see there are still some details to be worked out. George Kolbe writes: In response to Bob Leonard’s E-Sylum contribution concerning the illustrations in the 1845 Riddell "Monograph of the Silver Dollar,” I do not have an original at hand. The following footnote, which I hope is useful, follows the one sold in 2007 in Kolbe Sale 104: "John Leonard Riddell (1807–1865) was Melter and Refiner at the Branch Mint from 1838 to 1849; from 1860 to 1863 he served as Postmaster of New Orleans. The illustrations in this valuable work are most unusual. Though having the superficial appearance of rubbings they were, according to the author, made from “metal types adapted for printing, indirectly from the coins themselves, which, if they do not always make a handsome print, give a perfectly correct, and I think, satisfactory representation.” Apparently, the resulting method of printing necessitated the impression on only one side of each signature. Despite apparent widespread initial distribution of the Monograph of the Dollar, sales must have been small, judging from the number of copies still extant. It is a pity. Riddell’s charming illustrations, if appearing to be a bit crude, are amazingly accurate and are actually the most realistic depictions of coins to appear in print up to that time. His unique process surpassed medallic ruling machine illustrations and was not superseded until the use of photographic coin illustrations became feasible in the 1870s. Beyond its obvious interest to American numismatists, Riddell’s Monograph is still widely consulted by collectors of Mexican and Latin American eight reales." My recollection is that the Riddell illustrations in the reprint are of considerably lower quality than those found in the original (consistent with most reprints done before the wonders of computer imaging technology). Riddell’s text seems to suggest that the text and plates were printed in the same press run but I never entertained the possibility that two runs were done and, accordingly, never looked for any such signs. Perhaps a Big E reader fortunate enough to possess an original Riddell can provide light on the topic.
Bob also asked if someone with access to an original copy could inspect the plates for clues to their manufacture. -Editor
Dan Hamelberg writes: I'm not sure how to tell if the original Riddell was printed in two runs. I have two originals, and one reprint, and the illustrations and printing in the reprint are of lower quality than in the original. As I look over the original, the illustrations and descriptions below each are printed on one side, and appear to be consistent with each other. There are good margins around the coin illustrations, so I guess there would be a possibility of two print runs as the placement of the coin illustrations would not have to be terribly accurate to fit the page space allotted. In Riddell's "Concluding Remarks," he states that "After many trials, overcoming successive difficulties as they presented themselves, I at length succeeded in preparing metal types adapted for printing, indirectly from the coins themselves, which, if they do not always make a handsome print, give a perfectly correct, and I think, satisfactory representation." He goes on to say "....all these matters, and the details of the plan itself, I shall give an account at a future time, in a more appropriate place." I'm not sure if he ever got around to an explanation as I have never seen any such information in print. So, I cannot give a definite answer to the question of two print runs, but it would appear from the original copy that the illustrations and descriptions are fairly uniform in appearance.
Thanks, everyone. Great topic. -Editor
To read the earlier E-Sylum article, see:
HENRY CHAPMAN'S SECRETARY ELLA B. WRIGHT
A large sign in the lobby outside the entrance to the ANA World's Fair of Money this week listed several security tips for dealers.
This note from John Lupia reminds us that coin thefts have been an unfortunate part of the coin business for many years. It's an
entry from his Encyclopedic Dictionary of Numismatic Biographies for Henry Chapman's secretary Ella B. Wright -Editor
John Lupia writes: Perhaps this item may be of interest to you and our readers. A few years after Ella Wright was choked, gagged and tied up during a robbery at the Chapman's coin shop, Tom Elder reported a similar robbery at Wayte Raymond Inc., and thought the two burglaries were perpetrated by the same gang. Ella B. Wright (1877-1952) was born at Philadelphia on June 11, 1877 the daughter of John B. Wright, a Clerk of the City of Philadelphia and his wife Mary E. Early. According to the 1900 U.S. Census she lived with her parents, maternal aunt Ella E. Early, and two sisters : Mary and Alice, and worked as a typist (type writer). She began working for Henry Chapman soon after he had dissolved his partnership with his brother Samuel Hudson Chapman on August 17th 1906. She would eventually work for Henry and his wife Helen for over forty years. On January 28, 1941 Ella B. Wright was choked, gagged and tied up by three armed robbers who stole mainly Roman and Greek coins and rare stamps valued at $20,000 from the Henry Chapman Old Coin Shop. Chester Times, Tuesday, January 28, 1941 Front Page; Gazette and Bulletin, Wednesday, January 29, 1941, front Page. A few years afterwards Thomas Lindsay Elder wrote to Ella about the robbery of $10,000 at Wayte Raymond's office telling her he thought it was the same gang that robbed her (see Figs. 1 & 2). The reverse of the ... postal card with the message : "Raymond's Office entered by "duplicate keys" & $10,000 stole a few days ago. Likely same gang robbed you. You should have Ins. I carry plenty also hold up Ins. They don't cost much. T. L. Elder Pleasantville, N.Y." She ran the firm of Henry Chapman Numismatist from the time of his death on January 4, 1935 until 1948. She died on July 13, 1952 of pneumonia and arteriosclerosis. She is buried in Northwood Cemetery, Philadelphia. In the June issue (1954) of The Numismatist S. W. Freeman wrote a few lines of reminiscences about Ella giving him his start in coin collecting in the 1920’s. To read the complete article, see:
THE BOOK BAZARRETHE 1795 REEDED EDGE CENT
This Heritage auction lot features a rare and interesting coin that reappeared on the market after a 50-year absence. -Editor
A coin dealer's list in 1964 offered a 1795 Sheldon-79 Reeded Edge cent for sale. That listing prompted large cent researcher Del Bland to record the coin in his Condition Census for the variety, although the coin was unseen at that time, and has been recorded as an "untraced" specimen in every published census since that time. The Reeded Edge cent variety was discovered in 1862 when an example was described with a "Milled Edge." A second example appeared in an 1890 W. Elliot Woodward catalog, and is now part of the ANS Collection. The third example, and currently the finest known, was discovered in 1915 and grades VG8. Six others have been located since that time, and the current House of Davis McKinney specimen brings the census to 10 known examples. The 1795 S-79 Reeded Edge cent is the rarest of nearly 300 Sheldon-numbered varieties, and it is rarer than 14 of the Sheldon NC varieties. The obverse and reverse dies of the famous Reeded Edge large cent were not used for any other varieties in 1795, simplifying the authentication process. NGC has certified this piece as VG Details, Corrosion. The present example is the fourth of 10 different examples that Heritage Auctions has handled. There have been 11 different firms or individuals who have handled or owned two different specimens. Just two people, Dr. William H. Sheldon and Denis W. Loring, have owned three different examples. Heritage is the only entity to handle four different examples of the 1795 Reeded Edge cent. The purpose of the edge reeding is unknown, although past students of the series have speculated that the reeding served as an anti-counterfeiting device. About half of the original edge reeding remains visible on this example.
The lot description goes on to enumerate the ten known specimens of this coin. The edge photograph is very useful. -Editor
To read the complete lot description, see:
ROBOTS INVADE SAN FRANCISCO MINT
Coin design at the U.S. Mint has been largely made digital, with software enabling the small team of sculptor-engravers to produce a
staggering number of new designs each year to meet Congressional demands. Now computers are tackling the assembly lines. This Coin
World article by Paul Gilkes describes new robotic equipment recently installed at the San Francisco mint. -Editor
The San Francisco Mint has completed installation of a robotic loop assembly system that triples the speed of packaging Proof coins into plastic lenses for special collector sets. The system, developed by the Mint’s engineering team in conjunction with the manufacturer, Farason Corp., Coatsville, Pa., gives the San Francisco Mint the ability to fill coin lenses at the rate of 1,800 lenses per hour, versus the previous 600 per hour, a Mint official said. The system replaces a labor-intensive system installed in 1999 that required significant manual inspection of coins and plastic lenses, checking for damage that would prompt removing the coins or lens from the assembly system. The new robotically controlled digital inspection assembly inspects each coin and lens at each phase of the assembly operation. Coins and lenses can be rejected if they fail to meet quality control specifications. If defects are found, the system will shut off for the defective item’s removal, and then restart. (Each lens is composed of a top and bottom plastic enclosure and a cardboard insert with openings sized for the respective coins, which are robotically placed into them.) Once the multistep operation is complete, the finished lenses are moved by automated trolleys to the next station where they are loaded for placement into the full-color cardboard storage boxes before final shipment in delivery boxes. Don Penning, the San Francisco Mint’s industrial manager for packaging, said the digital visual detection equipment will, at every entry interval, inspect the coins and lenses for defects. A final quality control inspection is conducted at the end of the line when the finished lenses exit the assembly loop. Where the previous assembly system required three full-time operators, the new system requires only two workers to keep the system stocked with sufficient top and bottom plastic lenses, cardboard inserts, and coins. The system will shut down if any station from which coins or lenses are fed runs out. To read the complete article, see:
LOCAL COVERAGE OF THE 2015 CHICAGO ANA CONVENTION
This week's ANA convention near Chicago had some nice publicity in the local papers. Here's an excerpt from an article in the
Chicago Daily Herald. -Editor
"We'll start with the small stuff -- $5,000 and $10,000 bills," quips Donn Pearlman, a former member of the board of governors for the American Numismatic Association, which sponsors the massive coin and currency show going on through Saturday at the Donald E. Stephens Convention Center in Rosemont. Those magnificent bills only whet the appetite for the $100,000 bills. Kevin Brown, marketing manager with the Department of the Treasury's Bureau of Engraving and Printing, lifts a dozen of the bills worth $1.2 million from the glass case unlocked by Karen Smith, a marketing manager with the numismatic group. "These were only used for the Federal Reserve Banks," Brown says of the 1934 bills, which sport the likeness of President Woodrow Wilson. The largest denomination ever printed, the $100,000 bills are worth a fraction of what lurks under the glass in the next locked display case. "One billion dollars!" Brown says slowly, holding his right pinkie to his mouth in a dead-on impression of Dr. Evil from those "Austin Powers" movies, before gently cradling two $500,000,000 Treasury notes. In charge of the "Billion Dollar Showcase," Brown still lightens the mood. Collecting coins and currency should be fun, he says. "I have the best collection in the world. Whatever we've printed, I have," says Brown, who is surrounded by gobs of money at his office but generally can't bring his work home with him. "I collect the stories people have. They get people asking who's on money and why." One of the most popular items is a 1913 Liberty Head nickel worth an estimated $2.5 million, says Pearlman, who retired from his 25-year career as a newsman with WBBM-AM radio and Channel 2 TV. Milwaukee resident J.V. McDermott used to carry that nickel around in his pocket, whipping it out to win bar bets when he'd produce the documentation about its worth, Pearlman says. After McDermott's death in 1966, the coin was purchased at an auction for $46,000 and donated to the American Numismatic Association Money Museum in Colorado. The nickel shares a display with a legendary "King of U.S. Coins" 1804 silver dollar, which actually was struck in the 1850s as part of diplomatic trade mission gifts to the king of Siam and other Asian leaders. Only six are thought to exist today, and this one is insured for $4 million. Even if a thief could swipe a $100,000 bill, he wouldn't be able to use it at Wal-Mart. Still, Brown says, the World's Fair of Money has armed guards, cameras and extensive security. He is coy when it comes to details about how he got his billion-dollar display to Rosemont. "Securely," Brown says. "Very securely." To read the complete article, see:
WAYNE’S NUMISMATIC DIARY: AUGUST 16, 2015WEDNESDAY, AUGUST 12
Exhibits
No problem - I had time and ended up looking at nearly every exhibit. I was most pleased to see FOUR exhibits in the numismatic literature category. I took some photos and we'll have more on these in future issues. Titles included:
While looking at the exhibits I ran into Fred Schwan, Bryce Doxson, and Paul Hybert. I also spotted ANA Board member Ralph Ross. As much as I loved the literature exhibits, I broke into a smile when I saw one titled, "Collecting Twentieth Century Coins in the 1940s" The cases were filled with coins and their companying envelopes from Tatham Stamp & Coin Company of Springfield, Mass. They were before my time, but I fondly remember receiving coins on approval from Littleton Stamp & Coin in my preteen years. That must be what triggered my reaction. I filled out my Rodger E. Hershey People's Choice Award ballot to vote for the exhibit. I knew Rodger from my Pittsburgh days, and thought he would have been pleased with the exhibit as well. I found many quality exhibits featuring rare and interesting material. Perhaps I'll write about some in another article. But I felt my trip had already been worth it. Whitman
Ken Bressett signing a "Mega Red" Here's a shot of Dennis and Caitlyn From Dennis' Online Blog Jill Kimball, Ken Bressett, Wayne Homren When someone asked what exhibits I'd seen, I told everyone about the "Collecting in the 1940s" exhibit I'd enjoyed so much. And wouldn't you know it - Ken Bressett told us he'd once worked for the Tatham Coin Company attributing ancient coins - he'd typed up descriptions on Tatham envelopes! And Jill told us that Maynard Sundman had modeled the Littleton company after the mail order format of Tatham. Those little envelopes have had impact down to the present day. Sundman Lecture Luncheon
The food was quite good for hotel fare. Afterwards David got up and gave a short talk on the history of the lecture series, and thanked all the speakers and organizers. He also mentioned the Tatham Stamp & Coin connection. To read Dennis' complete articles, see:
PAN
When Ed asked about my recent collecting purchases, I told him about my Carnegie Hero Medals and Labor Exchange currencies. Coincidentally, later in the week the Wall Street Journal had an article about alternative currencies currently being used in Greece, and a labor exchange scheme was mentioned. See the article later in this E-Sylum issue. Examples of the new medal for Pope Francis' U.S. visit were for sale at the PAN table. It's a beautiful medal. Later I spotted someone using the Burns Library to look up some information. I interrupted him for a chat. David Consolo of Cleveland, OH was attributing some Hard Times Tokens using the Rulau book. David Consolo at the John Burns Memorial Library Some authors had donated copies of their books earlier in the day. Pat McBride sent this photo of Denis Loring donating an EAC Grading Guide. The Rittenhouse Table
Joel Orosz and Len Augsburger Joel Orosz and Len Augsburger were manning their "All Things Rittenhouse" table. The material was interesting, as was the company. Bob Julian was already there when I arrived, and later Paul Hybert stopped by. Len, Paul Hybert, Bob Julian Other folks I chatted with included Andrew Harkness, Ken and Tom Hallenbeck, and Phil Carrigan. Andrew showed me the 3rd edition of his book on Agricultural medals. Although I stepped on my foot initially by calling Ken Tom and Tom Ken, I had a great conversation with the Hallenbecks and learned something very interesting - among Ken's collections is a knife owned by the infamous Alfred Packer (you can look it up). Jeff Starck and Numismatic Mentors
I had given it some thought and decided that what these youngsters need more than another program is a mentor - someone who will take them under their wing and show them the ropes one-on-one. My first numismatic mentor was Glenn Mooney of Pittsburgh, followed by a host of great gentlemen (and ladies) of the Western Pennsylvania Numismatic Society. Ask any advanced collector or dealer in the hobby today, and I'll bet all of them have a story about a mentor who helped them along - role models to emulate. Readers: for our next E-Sylum issue, please send me stories about your own numismatic mentor. Dinner
The driver left us out in front of the restaurant. We descended steps to a private basement dining room. The food, wine, and of course the company were grand. There were jokes and stories running the gamut from hobby gossip, show experiences, research projects and great Internet bargains. Howard Berlin
We had a good conversation about past and future trips, the show, and mutual friends like Jules Reiver. A resident of Wilmington, DE, Howard lived close to Jules. We exchanged stories of our various visits to the Reiver household to shoot pool and talk numismatics. But after one drink it was time to call it a night. THURSDAY, AUGUST 13
10am: Numismatic Literary Guild Symposium
David Lisot, Steve Roach, Ron Guth, Dave Harper and I were lined up to answer questions on the topic from Charles Morgan and the audience. The event was very well attended and filmed by David Lisot. I'll look forward to watching it on Coin Week. I'm not sure we came up with any definitive answers on the future of numismatic journalism, but we indeed explored the Internet's impact. I illustrated the difference by recalling my visit to Coin World, where Beth Deisher showed me the CW printing press. It was a behemoth - a couple stories high and half a city block long. That's a huge capital investment, and that's not even counting the cost of paper, ink and pressmen to run it (or postage to ship the physical copies to readers). When I started The E-Sylum, it was just little ol' me and a laptop, and my expenses were essentially zero. That's a monumental change in the economics of the business. 11:30 am: NBS Symposium, Room 22
The main event for the convention for me and many others interested in numismatic research was our presentation on the Newman Numismatic Portal. The event was packed - standing room only. David Lisot also filmed this one, so those who couldn't be there will have a chance to view it online at some point. Len Augsburger started off with a presentation on the goals and current state of the project. John Feigenbaum went next with a presentation on the software interface. Finally, I got up to discuss the current state and end goals for automation of the acquisition of new data. Len described the NNP's relationship with Internet Archive, the nonprofit organization handling digitization. There's a press release in the works from Washington University in St Louis (WUSTL), where scanning is already underway for Eric Newman's library and other numismatic books. Len described Internet Archive as the warehouse, the back end where the hard work is being done to digitize content and create appropriate database entries for each item. The NNP web site will be the storefront, the place where researchers will go to access the digitized content. But a window into the warehouse is already publicly available at Internet Archive, and I promised to publish the address. Readers are encouraged to return to this page frequently, because new titles are constantly being added by the worker bees at WUSTL. Here's just one peek: To access the complete NNP "warehouse: at the Internet Archive, see:
1:00: NBS Board Meeting, Room 24
Why is this important? Google has announced a change in its search result ranking - web sites which are not mobile-friendly will be downgraded in favor of those which are. If we intend to stay relevant in today's tablet and SmartPhone environment, we have to keep up with the changes. Fred Weinberg
When I told Fred about our programs for Young Numismatists in Virginia, he began offering error coin after error coin from his bargain box. I left with a bag full of great error examples for our future events. These are a great way to teach newcomers about the mechanics of minting coins. 3:00 pm: John Burns Memorial Library Dedication: Booth 1959
Image provided by pat McBride I was running behind and had to rush over to the club aisle for the dedication of the John Burns Memorial Library. Sam Deep was presiding. It's a good think he brought a portable microphone - some fifty people jammed the aisle and nearby booths. Numismatic literature dealer John Burns had a lot of friends in the hobby. Sam, Pat McBride, myself and others all said a few words. Sam related how he'd run into Kerry Wetterstrom at the airport, and Kerry had said he wasn't sure John would like the idea of a free library in his name. Sam asked why, and Kerry repeated one of John's favorite phrases when a browser had browsed too long in his numismatic literature sales booth - "This ain't no library!" Larry Korchnak admitted to his own ruse to get access to John's books without being harangued to make a purchase. When John asked him to get him something from the concession stand, he said, "Why don't you take a break and get it your self - I'll watch your booth for you." John always took his time returning, leaving Larry plenty of time to browse and read. John's book business was what you might call a "lifestyle business". It enabled him to be right where he always wanted to be, there on the bourse floor of coin conventions, meeting and talking with his numismatic friends. John was at home at the shows, and his library will continue that tradition. Sam deep told me afterwards that several people chipped in to help fund the transportation of the library to other coin shows. Please consider pitching in and making a donation, too - see the PAN web site for more information: www.pancoins.oeg. 4pm: (Money Talks, Room 6) Ed Moy, "Inside the US. Mint"
I had a relaxing evening Thursday. I walked a couple blocks past the Hilton to a shopping and restaurant area that was already packed to an evening concert. People were bringing in folding chairs. I had a tasty dinner at a Mexican restaurant, then headed back to my room for a little E-Sylum work before bed. After dark I heard the loud booms of fireworks and wished I had stayed at the park to see them. They weren't visible from my room. FRIDAY, AUGUST 14
It's a good thing I called Len Augsburger to ask him to lunch. I'd printed out last week's pre-diary article to use as my schedule, and I had a typo in the time of the NBS General Meeting - 1:30, not the proper time of 11:30. Sorry if anyone else relied on that. We agreed to have lunch after the meeting and I hustled over to the show earlier than planned. One of the first folks I ran into was Allan Schein of Salt Lake City. He told me I'd won an award at Thursday night's NLG Bash, and he'd accepted it for me. I made arrangements to meet him at breakfast Friday to pick it up. Allan won an award too, for his book, Mexican Beauty: Un Peso Caballito. Allan sports a mean mustache. He lamented that people rarely said anymore, "Hey, you look like Tom Selleck". Now they more often say, "Hey, you look like Wilford Brimley". His contribution to the evening's entertainment was his rendition of "The Grades They Are A Changing" to the tune of Dylan's "The Times They Are A Changing". I'm an NLG member and was sorry to miss the Bash, but with a long dinner event Wednesday and the Banquet Friday, I needed a break to get some work done. People often ask how I manage to get The E-Sylum out each week. Well, I have to work at it, usually in short bursts in between the rest of my life. John Dannreuther
My next stop was John Dannreuther's table. After chatting about The E-Sylum a bit, he pulled out a photocopied book that made my jaw drop. The cover is hand labeled "Mint Cabinet Accounts". The title (also handwritten) is "Account of Expenditures for the Mint Cabinet from the Special Appropriation for specimens of Ores and Coins to be reserved at the Mint, also of Donations to the collection and Sundry Records". The ledger is the record of acquisitions for the U.S. Mint coin collection, now part of the National Numismatic Collection at the Smithsonian. Long known to exist, the ledger was consulted by Walter Breen and others, but had been lost for twenty some years. John feared it had been stolen. He had asked a succession of Smithsonian staff including the late Dick Doty, but none were able to locate it. Until Ellen Feingold arrived. Ever persistent, he asked her about the ledger shortly after she arrived in the position. After a diligent search through the regular book stacks (everyone had been looking in the rare book section), she came across it wedged between and behind two other books. Eureka! Bless her for relocating this Holy Grail of American numismatic research. Inside are the keys to many a researcher's questions. Bill Shamhart
My attention was drawn to a group of molds for casting lead counterfeits of U.S. coins. He also had a large selection of counterfeit Buffalo Nickels and three-cent pieces. I'd never seen counterfeits of either, and here were a dozen of each. Steve Tompkins came by to drool (he'd love to buy one of the mold but hasn't been able to agree with Bill on a price). He showed me a copy of his new book (which looks marvelous) Early United States Half Dollars, Volume I 1794-1807. It illustrates quite a few counterfeits. Dr. Ellen Feingold
11:30 am: NBS General Meeting, Room 5
This is a huge honor and I'm very grateful. The medal, which comes in a nice wooden box, was designed by Marc and his father and was struck by the Northwest Territorial Mint. These are some cellphone photos with a little glare; it's a wonderful piece. Thank you, NBS! The main event was a talk by Dr. Donald Kagin about his new book, Profit from Gold and Rare Coins Now. Don opened with a discussion of the finding and marketing on the Saddle Ridge gold coin hoard. Lastly, the club held its annual fundraising auction, ably run by Dan Friedus and Dan Hamelberg, with Marc Ricard recording results. About $3,000 was raised for the Treasury. Many thanks to all the donors and bidders. I bought one lot of numismatic pamphlets for my ephemera collection. 1:00 pm: Lunch with Joel and Len
Back over at the convention hall we ran into Dave Bowers in the lobby. Len asked for his permission to digitize and publish his Bowers and Ruddy and Bowers and Merena auction catalogs and publications in the Newman portal. He freely gave it, as he had earlier for my CoinLibrary.com project, which is now being incorporated into the Newman portal. We were ecstatic - Dave's material is a trove of numismatic information which will be quite valuable to future researchers. 3:00 pm: Colonial Coin Collectors Club, Room 44
4:00 pm: Bourse floor Ramblings
Kuenker
Doug Winter
Tony Terranova
ANA Museum Exhibit
Next, I finally had some time to review the ANA's Museum exhibit. This travelling exhibit is marvelously done, perfect for introducing numismatic rarities to the general public. Kudos to curator Doug Mudd. I missed my chance to compliment him in person even though he was right there - he was answering questions from National Numismatic Collection curator Dr. Ellen Feingold. The Curators: Douglas Mudd and Ellen Feingold Dave Wnuck
1806 Agricultural Medal. Choice Cameo Proof. Silver, Gilt. With Boulton Family Copper Shells. A large, impressive medal that looks and feels like solid gold, but was expertly gilt when made. Includes custom made copper shells that have been silver plated on their interiors. The obverse reads: Staffordshire Agricultural Society; the engraving under the exergue says: Sir Rt. Lawley Bart. President/Wm Pinge, Esqr. V. President/ Instituted 1800. The reverse reads: To Lord Talbot/For the Best/Short Wool/Two Shear/Ram/1806. Edge: Plain. Diameter = 48 mm (= 1 3/4 inches). This medal comes with a letter of provenance upon request. To read the complete item description, see:
7pm: ANA Banquet (Hyatt)
While waiting for the doors to open I enjoyed speaking with John and Nancy Wilson, Clifford Mishler, George Cuhaj, Eric Schena, Dave Schenkman and many others. I enjoyed meeting for the first time Civil War Token Society officer Susan Trask. She said, "I feel like I know you really well - I take you to bed with me every Sunday night." That was the funniest line I'd heard all week. Luckily her husband was right there and my wife doesn't read this newsletter (as far as I know, anyway). The Cult of the Biblio-Tie was a fizzle this year. I ended up being the only one wearing the book-themed tie, although it was a good conversation starter, as always. I sat at the PAN table, chatting with my old friends from the Pennsylvania Association of Numismatists, including Pat McBride, Rich and Fran Jewell, Larry Korchnak, Ed Krivoniak, Tom Uram and Tom Corey. Marylanders Bryce Doxson and Simcha Kuritsky shared the table as well. A lot of the conversation revolved around families. I told everyone about my middle son Tyler's new remote-control quad-copter with running lights and a working video camera, which he loves to fly around our cul-de-sac late in the evening. I told him that when I was his age, high-tech meant a glow-in-the-dark Frisbee. The food was actually pretty good for hotel fare. The speeches were generally short and sweet. It was great to see Tom Uram winning People's Choice for his Two Cent Piece exhibit (even without my vote) and David Schenkman accepting his nomination to the Hall of Fame. Afterward the plan was to go to Pat's hotel for a nightcap. Pat, Ed and I ended up walking across the street in the rain and mud. The smart folks (everyone else) took cabs over. We were the dumb palookas who arrived dripping wet. I still have mud on my dress shoes. But the beverage hit the spot. Luckily I only had to stagger next door to the Hilton afterwards. SATURDAY, AUGUST 15
7:30am Rittenhouse Society (Hyatt)
The breakfast was a treat, as always. Everyone took a turn introducing themselves and discussing their latest numismatic research project. It was an impressive litany of work, from article and book publishing plans, to the work Len Augsburger and I are doing with the Newman Numismatic Portal. Soon it was time to go. I went back to the Hilton to grab my luggage and head to the airport. Unfortunately my flight was later cancelled due to air traffic control problems. I ended up going back to the Hilton and taking a flight home Sunday instead. I made it home safe and sound, just in time for Sunday dinner with my family. It was a great convention. Meeting up with everyone was very enjoyable, and it was heartening to see so much interest in the Newman project. Stay tuned! NUMISMATIC PARTICULARIZATION ANYONE?
Gary Beals submitted these notes on numismatic specialization or "particularization" as it's called here. It's a pretty
comprehensive list of the various ways numismatists (and in this case, marketers) divide and subdivide the topic into finer and finer
areas. For collectors these represent different areas of study; for marketers, they often represent additional ways of squeezing money
from buyers. -Editor
John Michael Murbach of Temple City, California in the 1990s had some tart and witty Internet columns items which I have been allowed to use pieces of in my book. One in particular is about particularization which I find fascinating as someone who jumped back into numismatics after some 40 years away. I have not been able to contact him directly so if anyone knows his e-mail I would love to compliment him personally. I can be reached at Segovia.gary@Yahoo.com Particularization is a term of The Rare Art Traditions by Joseph Alsop. In any serious collecting field collectors, investors, speculators, and dealers tend create finer and finer categories. As prices go up and money flows into the market, the players create ever finer distinctions in rarity, grade, or desirability, and, therefore, in value for their objects. With coins this is done using several contrivances. For instance, U.S. numismatic particularization is: (1) Separating coins by dates and mints of issue.
To these we can add "First Strike" or "Early Strike" designations, signatures of coin designers and various Mint
officials, and all of the grading and "meta-grading" options discussed last week, such as the slab stickers proclaiming fourth
and fifth opinions of third-party graders. -Editor
To read the earlier E-Sylum article, see:
SIMILARITIES BETWEEN COREY'S AND SAGE'S COUNTERSTAMPS
Bill Groom submitted these thoughts on similarities between the letter punches used on two well-known U.S. merchant counterstamped coins.
Thanks! -Editor
I recently studied and closely compared the letters in the TRY COREY'S OINTMENT and the SAGE'S CANDY COIN counterstamps in my collection. These two counterstamps share seven common letters, Y-E-C-O-I-N-S, (cool anagram, huh?). All appear to match in both letter size and style. The letters for both issuers measure exactly 3 mm in height. I would note that only the apostrophes differ in shape, but one apostrophe may have the slightest of damage. I believe that I may have previously mentioned a similarity, and now I'm convinced ... same maker. The Sage piece is suspected to have been an issue from Buffalo, NY. For some time now, I've suspected that Dr. Medad S. Corey was the most likely issuer of the Corey's Ointment counterstamps. Dr. Corey attended medical school in Buffalo and settled with his practice about fifty miles west of that city. Coincidence? For me, a great part of the fun in collecting and studying counterstamps lies in the mystery and potential for solving a puzzle. The saga continues. To read the earlier E-Sylum articles, see:
THE BOOK BAZARREWEST POINT MINT MECHANIC SCOTT LACOURSE
On August 12, 2015 the U.S. Mint published this press release featuring a mechanic at the West Point Mint. It's an interesting look
into the inner workings of the money factories we collectors so often take for granted. These hardworking folks go into the Mint every
day to ensure that the machinery is maintained and working properly in order to create the many products that we and the collectors who
come after us will cherish. -Editor
Each department of the United States Mint supports the overall mission to serve the American people by manufacturing and distributing circulating, precious metal and collectible coins and national medals, and securing assets entrusted to the Mint. The U.S. Mint at West Point, N.Y., manufactures gold, silver and platinum numismatic and bullion coins. Maintaining and repairing the coin presses and related machines there is the responsibility of six electronic industrial controls mechanics. Their key job elements:
Scott Lacourse has worked in that job for four years, after previously performing machine repair, software upgrades, and maintenance of industrial equipment. "You get to deal with a lot of people and unusual problems that you don't see every day," he said. Lacourse said his most unusual project there has been removing and reinstalling an ejector arm for a Grabener coin press. "We normally don't remove ejector arms. This one was removed to replace some worn cushion pads on the bottom that are not easy to get to," he said. Lacourse, who enjoys skiing, hunting and camping in his off-duty time, explained why he likes working at the Mint. "Every day presents a new challenge and opportunity to learn something different. Working at the Mint has enabled me to broaden my technical and troubleshooting skills. I work with a great bunch of people and look forward to the challenges ahead," he said. The knowledgeable minds and skilled hands of electronic industrial controls mechanics keep coin presses in good working condition, ensuring all required production equipment is available when needed.
Thanks, Scott! -Editor
To read the complete article, see:
FAIRBANKS COIN CLUB STRIKES HAMMERED COINS
Dick Hanscom of Alaska Rare Coins forwarded this account of a recent meeting of the Fairbanks Coin Club where several coins were struck
as part of a program on hammered coinage. The photos are by Kaari and Walker Bouma. Thanks! -Editor
At the August 4th meeting of the Fairbanks Coin Club, President Mike Schmetzer gave a presentation on British hammered coinage. His presentation revealed how the history of England could be traced through its hammered coins, from the early 600s AD to the late 1600s when they were replaced by milled coinage. This presentation was followed by a demonstration of hand hammering coins (1 gram pure silver tokens). Club members had the opportunity to hand strike their own token. Dick Hanscom prepared the dies featuring a “long cross” and a few abbreviations of Latin terms for royalty. While not fully accurate, it reflects what might have been on a medieval coin. The long cross divides the token into quarters. Lettering is found inside each quarter as follows: ISAB / D.G. / REG. / IMP. Translated this would be Isabella (Mike’s daughter) / Dei Gratia (by grace of God) / Regina (queen) / Imperator (Empress). Also inside the quartered sections is the date 2015, arranged by clock positions 12-6-9-3. The reverse has a star in the center, with SCHMETZLANDIA around the rim. Two or three strikes with a 3# or 8# hammer resulted in their own token from Schmetzlandia. GREEKS EMBRACE ALTERNATIVE CURRENCIES
Friday's Wall Street Journal reports on the use of alternative currencies in Greece as citizens scrape by during the current
economic crisis. Here's an excerpt. -Editor
When Christos Papaioannou noticed his car needed new tires, the Greek computer engineer bought them with euros—but used an alternative currency, called TEM, to pay his mechanic for the labor. His country has avoided a catastrophic exit from the common currency, at least for now. But a small but growing number of cash-strapped Greeks, who are still grappling with strict money-withdrawal limits, have found another route in TEM and other unconventional payment systems like it. “Money is sparse right now, but people still have the same skills and knowledge they had before the crisis,” said Mr. Papaioannou, part of a cooperative that founded TEM in the port city of Volos and one of nearly 1,000 registered users of the alternate currency there. TEM—a sophisticated form of barter whose name is the Greek acronym for Local Alternative Unit—was founded in 2010 in the early months of Greece’s debt crisis with less than a dozen members. Now it includes dozens of participating local businesses that use the system to sell goods and services, including prepared food, haircuts, doctor visits, or even for renting an apartment. One of the larger and more established alternative payment systems in Greece, TEM has given Greeks living under the strain of wage cuts and tax increases a supplementary way to trade. Instead of dealing with a physical currency, members have an online account that starts at zero when they join. They can opt to take payment for goods and services in TEM, and then use those to buy products from others. On the network website, users can post ads on what they can offer and what they want. Mr. Papaioannou, for instance, accepts TEM as payment for the computer repairs he does and says he uses the alternate currency in transactions several times a week. It is a localized version of what Greece might have to turn to if a tentative bailout agreement reached this week is derailed, or ultimately fails. Before his resignation last month, former Finance Minister Yanis Varoufakis floated the idea of setting up a parallel-currency system based on IOUs in the event that Greece could no longer stay afloat using euros. Without a rescue, the idea of using IOUs is seen as the country’s most likely alternative. The number of such alternate-currency projects began swelling in Greece in 2009, according to Irene Sotiropoulou, a Greek economist. That was the year the country’s budget deficit mushroomed to 15% of gross domestic product and investor appetite for Greek bonds collapsed. Experts say TEM and other local currencies work best side-by-side with the euro, not as a replacement. “They aren’t going to overhaul the financial system,” said Leander Bindewald, a researcher at the Institute for Leadership and Sustainability at the U.K.’s University of Cumbria. “But they represent a certain kind of value that normal money just cannot give you.” Users of the alternative currencies often cite the sense of community it provides as an additional benefit, saying they like the cooperation and social interaction it provides. One notable example of alternative currencies used during a crisis was in the 1930s during the Great Depression, when the Austrian town of Wörgl decided to fight the economic downturn by printing its own money. Economists called the result a miracle: Employment boomed, while inflation remained subdued. During the economic depression that struck Argentina in 1998 and lasted till 2002, people formed barter networks and several provinces introduced their own currencies. In the wake of the 2008 financial crisis, similar projects have been introduced to Spain, Italy, Portugal, Germany and France.
The article also lists three other alternative currencies and barter systems in Greece: Ovolos, Monada, and the Athens Time Bank. The
latter is a labor exchange currency like I discussed with Ed Krivoniak at the ANA show. -Editor
To read the complete article, see:
THE BOOK BAZARRECOUNTY ADAPTS TO INTAGLIO PAPER SHORTAGE
George Petrulakis forwarded this article from his local newspaper (The Modesto Bee) with an update on how a county in California
is dealing with a shortage of paper for intaglio printing of vital records. -Editor
People in Stanislaus County are being directed to different offices to obtain birth, as well as death certificates, because of a shortage of special paper for those records. The shortage of secure paper for certified copies of vital records could create extra hassles for people in the next several months, whether it’s parents who need birth records for their children or a family settling a loved one’s estate. Clerk-Recorder Lee Lundrigan has arranged to provide a “verification of birth” at no charge to parents who need to enroll children in school. She said she spoke with county schools Superintendent Tom Changon and sent letters notifying school districts, and no one has said the record of births from the clerk-recorder’s office are not acceptable. Customers seeking birth or death certificates from the clerk-recorder will be directed to the county public health department or the California Department of Public Health. Lundrigan expects the restrictions will continue for three months until the special paper is provided by a new supplier. Some counties in California have run out of “secure bank note paper” after their sole supplier, Sekuworks LLC of Ohio, suddenly closed in July. California is among states that adopted the “intaglio” method for printing certified copies of birth, death and marriage certificates. The states use paper with printed security features to prevent counterfeiting of vital records. To read the complete article, see:
To read the earlier E-Sylum article, see:
QUERY: MAJOR CURRENT NUMISMATIC ORGANIZATIONS SOUGHT
Gary Beals is compiling a list of major current numismatic organizations, and he's seeking input to complete it. If you have comments
or corrections, contact Gary at the below address. -Editor
This list of major numismatic organizations is to appear in my book Numiscadero, the Spanish-English and English-Spanish numismatic dictionary. It is a list of major groups, because some cities are larger than certain nations. Googling any of these group names should take you to a current website. Can anyone help with additional large groups or specialized groups of numismatic associations? Are any of these now defunct? I can be reached at Segovia.gary@Yahoo.com
This list could be of use to the Numismatic Bibliomania Society as well, as we will be undertaking an update to our web site and may wish
to link to many of these sites (and ask them to link back to us). -Editor
ARCHITECT CHARLES ZELLER KLAUDER AWARD MEDALS
Here's a group of medals that caught my eye in Joe Levine's Presidential Coin & Antique Company e-mail token and medal mini sale
list #98. Joe can be reach via email at jlevine968@aol.com . -Editor
A TRIO OF AWARD MEDALS TO THE ARCHITECT, CHARLES ZELLER KLAUDER. According to Wikipedia, Charles Zeller Klauder (1872 – 1938) was an
American architect best known for his work on university buildings and campus designs, especially his Cathedral of Learning at the University of
Pittsburgh, the first educational skyscraper. For his lifelong architectural work, Klauder has received the Gold Medal, Architectural League, N.Y.
1921; Grand Prix Pan American Congress of Architects, 1927; Architectural Medal, Olympic Games, 1928. Klauder was a Fellow of the American Institute
of Architects. In 1938 he was elected into the National Academy of Design as an Associate Academician. Klauder, with Herbert C. Wise, was the author
of College Architecture in America.
A. ARCHITECTURAL LEAGUE OF NEW YORK GOLD MEDAL FOR ARCHITECTURE, 1921, 63.5mm. Gilt Bronze. Hermon MacNeil, Sc. Baxter 351. Struck by Medallic Art Company, but unmarked. Edge engraved: Charles Z. KLAUDER 1921. XF/AU. On the reverse, there is a dig in the lower right field below the second S in PERITISSIMO. Obverse with a seated figure of a muscular bare chested man resting his chin in his hand and contemplating the NYC skyline. ARCHITECTVRAL above. LEAGUE in the exergue. On the reverse is a robed standing female figure holding a palm branch. To either side of her is a two line inscription: ARCHITECTORVM/ PERITISSIMO. Similar medals also exist for Painting and Landscape Architecture and sculpture. $325.00 B. PHILADELPHIA CHAPTER AMERICAN INSTITUTE OF ARCHITECTS AWARD MEDAL, 1918. 50.5mm. Bronze. Unsigned. XF; the edge a little bit rough on top and with some dark tarnish on the reverse as shown. Obv: PHILADELPHIA CHAPTER AMERICAN INSTITUTE OF ARCHITECTS around their logo of a pair of dividers over a lamp of learning, Rx: AWARDED/ TO over scrolled inscribed: DAY & KLAUDER/ FOR/ DORMITORIES AND/ DINING HALLS/ PRINCETON UNIVERSITY/ 1918. This award was announced by the Philadelphia Chapter in a statement that read, "Architects Day and Klauder of Philadelphia were awarded the medal and diploma of the Philadelphia Chapter of the American Institute of Architects for the best example of executed work by a member at the annual exhibition of the Chapter and the T Square Club The design was the Princeton Dormitories and Dining Hall." $87.50 C. PAN-AMERICAN CONGRESS OF ARCHITECTS GRAND PRIX MEDAL, BUENOS AIRES, 1927. 59.2mm. Copper Gilt. Unsigned. XF. Several minor edge dents. Obv: III CONGRESO PANAMERICANO DE ARQVITECTOS around a sunken inner circle containing a female head representative of Architecture over a pair of dividers and a triangle. Rx: III/ EXPOSICION/ DE/ ARQVITECTVRA/ SECCION ARQVITECTOS/ a rectangular cartouche inscribed: CHARLES ZELLER KLAVDER/ BUENOS AIRES/ 1927. $97.50
As an alum of the University of Pittsburgh, I spent a lot of time in the Cathedral of Learning, an amazing building. The medieval-style
architecture was a delight. It was built during the Depression under Chancellor Frank Bowman, whose critics referred to it as
"Bowman's Erection." -Editor
THE BOOK BAZARREPIGEON DICKIN MEDAL WINNER EXHIBIT
The Dickin Medal is awarded to animals who perform special acts of heroism. Recipients have included dogs, cat, horses, and even pigeons.
One Dickin-medal-winning pigeon is named Winkie, and she has been honored with an exhibit of memorabilia of her exploits. -Editor
A lasting tribute to a pigeon which helped save lives and win a war has winged its way to the bird’s home village. Blue chequer hen Winkie became an animal Victoria Cross recipient after helping to save the stranded crew of an RAF bomber after it crashed in the icy North Sea at the height of World War II. The bird had been a carrier pigeon for the service and followed her training when she escaped from her container in the impact of the crash as the Beaufort Bomber hit the sea between Norway and Scotland on the night of February 23, 1942. She flew home, alerting her owner who contacted the RAF, which then deduced where she had flown from based on her bedraggled condition and weather conditions. The crew were saved after they were found in their rubber dingy. Her heroics earned Winkie, who was bred on Bents Farm in Whitburn, the Dickin Medal, the animal equivalent of a VC. With radio silence essential, RAF crews used tens of thousands of birds to send messages and microfilm, with the animals reliable and able to make their journeys undetected. Now, she has been given a lasting memorial in the village, with a display entitled Winkie Comes Home to Whitburn installed in Latimer’s cafe in the village. To read the complete article, see:
A NORSE-AMERICAN MEDAL NECKLACE
In a Stack's Bowers blog post written Wednesday, August 12, 2015, Frank Van Valen reminisces about his quest for an example of James
Earle Fraser's Norse-American medal. -Editor
The famous 1925 Norse-American medals are the work of James Earle Fraser of Buffalo nickel fame. As a youngster I remember the first time I ever looked into a dealer’s case and saw a 1925 Norse-American medal. It was large, octagonal, and had a really neat and appealing Viking design. Back in the 1960s the medals were not overly expensive, but another coin, probably a Liberty Seated dime, must have caught my attention that day and the Norse-American medal was forgotten. Over the years I came in contact with many of the pieces, but I never seemed to connect, as coins always came first. Several years ago when silver was lingering at about $6 to $8 an ounce, I came across the Norse-American medal featured here in a New York State coin shop. When I asked the price, the dealer threw it on his scale and quoted me melt value. I don’t remember the cost, but it weighs 35 grams and I was charged accordingly. The chain is stamped “sterling” and makes a great complement to the actual medal. Deep silver-gray with golden highlights, the thick planchet piece I own -- they come on thin planchets as well -- grades EF or so due to its use as jewelry. It sits on my royal purple velvet desktop tray at work along with numerous other exonumia items, and every now and then I flip the medal so I can enjoy each of the Viking designs -- the warrior on one side and the longboat on the other. And, as far as I’m concerned, I don’t need to own another 1925 Norse-American medal; my “desktop” model does the job just fine!
I don't care for most coin jewelry, but this one works. And while I hate to see a great coin harmed, this looks like an excellent
marriage. -Editor
To read the complete article, see:
CHINA TO ISSUE NEW, MORE SECURE 100 YUAN NOTES
China recently devalued the yuan, but it's also taking action to shore up its defenses against counterfeiting. This article describes
coming changes to the notes to improve security. -Editor
The new 100 yuan note design (front) The new 100 yuan note design (back) The People’s Bank of China is planning to issue a new 100 yuan banknote with improved anti-counterfeiting features in November, the first upgrade of the bill since 2005. While the portrait of Mao Zedong will remain, the new notes will include features to combat counterfeiting, which is rampant. The face value of seized counterfeit money on the mainland rose from 329 million yuan (HK$410.million) in 2012 to 532 million yuan last year. The central bank said on Monday the note’s design had been updated so it could be more easily identified by vending machines and automatic teller machines, which have proliferated across the country. The new note will be the third edition of the fifth series, which was introduced in 1999. The second edition was issued in 2005. Its look will stay largely the same as the second edition except for changes to the colour and design of some graphic elements. Colour-changing ink will be applied to the pattern of the number 100 in the centre of the note to make it more difficult to counterfeit. The colour will change from golden to green when the angle is adjusted. New notes will feature additional serial numbers on the right-hand side to ensure they are still identifiable even if the serial number on the left has worn off. Other new features include a security line on the right of the bill, which will change from hot pink to green when the viewing angle is adjusted, and a textured pattern across the image of the Great Hall of the People on the back of the note. To read the complete article, see:
THE FIRST MONEY-PRINTING FACTORY IN VIETNAM
This article describes the first money-printing factory in Vietnam, which is open today as a museum. -Editor
in Hoa Binh Province, tourists can visit the first money-printing plant in Vietnam, named Chi Ne, where they can see the first banknotes issued by the Vietnam Democratic Republic in 1946. To develop the first money printing plant, credit should be given to patriotic capitalist Do Dinh Thien. In the early years of independence, the country fell into difficulties when the budget was exhausted. The government decided to set up a money printing factory for the Ministry of Finance to issue banknotes of the independent Vietnam. At that time Thien spent a fortune to purchase the Hanoi-based Taupin Printing House, one of the two largest and most modern printing enterprises in Vietnam. He donated it to the government. The Ministry of Finance then moved part of the factory to Chi Ne plantation, which was also owned by Thien. The first banknotes of independent Vietnam were not beautiful and the quality was not good but the people were very enthusiastic because they represented independence, freedom and national sovereignty. On the banknotes was the portrait of President Ho Chi Minh. The first banknotes became a weapon of struggle on the economic and financial front and a way of rejecting the Indochina banknotes of the French. The banknote with the largest value was VND100, which was called the "green buffalo" banknote as it had a picture of a buffalo on it. This factory has become a relic site since 2010. To read the complete article, see:
WALL STREET JOURNAL COVERS EMPEROR NORTON I
I was delighted to sit down to breakfast on August 12, 2015 and see a Wall Street Journal article about our old friend emperor
Norton of San Francisco. The lovable 19th century eccentric issued "bonds" that are now rare and highly collectible and
featured in numismatic auctions. -Editor
Joseph Amster Channels Norton I, "Emperor of the United States and Protector of Mexico." Wearing a top hat festooned with multicolored feathers, Joseph Amster stopped in front of a Ghirardelli Chocolate Co. store on bustling Market Street and began shouting at the shop’s bemused clientele through its large glass windows. “Look at them! Ignoring me! Mocking me! They have not heard the last of me!” Mr. Amster exclaimed, the feathers quivering with his wild gesticulations. “I will issue a special proclamation demanding they bring back my sundae!” Patrons likely had no idea what he was talking about. But Mr. Amster was playing the role of this city’s most celebrated 19th-century eccentric: Norton I, the self-styled “Emperor of the United States and Protector of Mexico.” Mr. Norton’s was once a household name here. Numerous things were named after him, including Ghirardelli’s Emperor Norton Sundae. But the sundae, like Mr. Norton in general, has since faded from view. Now some San Franciscans are pushing to return the emperor to prominence. Mr. Amster, 59 years old, who conducts tours dressed as Emperor Norton, is among those trying to bring him back, to rekindle the city’s celebration of society’s oddballs and outcasts. Another admirer launched an effort to place the emperor’s sculpture in the city’s historic Portsmouth Square. Meanwhile, official-looking “Imperial Landmark” plaques dedicated to Mr. Norton have begun clandestinely appearing on various city corners. It is a uniquely San Francisco movement, boosted partly out of fears that the influx of hipsters and wealthy Silicon Valley techies, spawning artisanal pop-ups and burgeoning multimillion-dollar condos, is erasing some of the city’s odd soul. “The old-timers are attempting to reclaim something of San Francisco that appears to be going away,” said Jason Macario, of the San Francisco Museum and Historical Society. Though his gravesite reads “1819,” debate over Mr. Norton’s life begins at birth, with some historians and fans saying he was most likely born in 1818. Born in England and raised in South Africa, Joshua Abraham Norton was the archetypal San Franciscan, aficionados say, a hero who hailed from someplace else, succeeded in building a fortune here and then lost it in spectacular fashion. Mr. Norton’s downfall came from betting unsuccessfully that he could corner the market in rice. A favorite interview for reporters of the era, Emperor Norton was famous for his assertions of supreme authority over the country, calls to dissolve Congress and pledges to impose fines on anyone heard calling the city “Frisco.” Mr. Norton vanished after declaring bankruptcy in 1856. Then on Sept. 17, 1859, he walked into the offices of a local newspaper and brandished a letter proclaiming himself Emperor of the U.S. The editor printed it for fun, and San Franciscans kind of just ran with it. For about 21 years, Mr. Norton lived as emperor, with some scholars saying his persona likely inspired the Mark Twain character of the king in “Adventures of Huckleberry Finn.” Mr. Norton was known for wearing an unusual assortment of uniforms, according to local historian Peter Moylan. For special occasions, he would dress in a stained Union officer’s coat with gold epaulets, and a tall beaver hat with an ostrich plume, a cavalry sword at his hip. By the time he dropped dead on a street corner in 1880, his fame was so renowned he drew more than 10,000 mourners to his burial ceremony. Some of the emperor’s various proclamations proved prescient. He defended the rights of minorities. He ordered the formation of a league of nations to settle disputes. And yes, he mandated building a bridge between San Francisco and Oakland. “He came here to reinvent himself and the city embraced him in a way no other place in the world would have,” said Mr. Amster, who conducts his time machine tours in emperor garb for $20 a person. “It’s a story that happens here over and over again.” To read the complete article, see:
MAN BUYS SHEEP WITH COUNTERFEIT CASH
Just when you thought you'd heard every counterfeiting story, along comes someone who buys sheep with fake notes. -Editor
Abu Dhabi Police has arrested a Bangladesh national for buying two sheep from an Emirati woman with forged money. The accused MM, 41, had chosen the best types of sheep from the 65-year-old woman. In a statement, Abu Dhabi Police said the woman had been alerted by JS, Emirati, that he had sold two sheep in return for money in Dh100 notes which were found to be counterfeit. Though the woman was unable to accurately describe the suspect, she could give good description of the two sheep, one of which was 'Najdi' and the other a brown, fat 'Naimi' with large horns. The sheep's description helped the police to trace the animals. The arrested person was trying to sell the two sheep in a livestock market for Dh2,000. The sheep were returned to the victim. To read the complete article, see:
FEATURED WEB PAGE: SAGE’S CANDY COINThis week's Featured Web Page is the North Carolina Numismatic Association's page on the Sage’s Candy Coin counterstamp.One counterstamp that has piqued my interest of late is the mysterious SAGES CANDY COIN mark found on some examples of 1870’s vintage, high-denomination U.S. coins. It was once believed that this counterstamp might be the subject of a 19th century confection related promotion. The odd thing is that this mark is found on quarters, half dollars and Trade Dollars making this a truly generous promotion for that era. http://ncnaonline.org/starter.php?name=cappssage |
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