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Volume 19, Number 23, June 5, 2016
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 JUNE 5, 2016Please welcome our newest advertiser, Dix Noonan Webb Ltd of London, who have a sale coming up this week (June 8-9, 2016). New subscribers this week include: Eric Hodge. Welcome aboard! We now have 1,976 subscribers. On Friday the American Numismatic Society tweeted: ANS associate John Graffeo has just scanned over 100,000 pages of our auction catalogues for the Internet Archive. Wow! Thanks, John! This effort is part of the Newman Numismatic Portal project. As seen in the page counter to the right, the NNP now has over 281,000 pages of numismatic content. See two articles in this issue for the latest NNP additions. This week we open with some interesting selections from Kolbe & Fanning's upcoming sale, some new books, two reviews, and the early history of The Numismatist. Other topics this week include Kelly's Coins and Chatter, the mysterious Mrs. Marshall, NCCA monographs, Burdette Johnson, Josiah Lilly, Carling Gresham, Trade Dollar circulation, Civil War token "scrip mates", the Afghanistan Campaign medal and a frozen image of coin circulation in Pompeii. To learn more about Lucky Bucks play money, Robinson &Ballou cardboard scrip, Hall of Fame of Great Americans medals, the Photoplay Magazine Medal of Honor, the William Langmuir countermark, Military Payment Certificates, nighthawking, and transgendered Georgie, read on. Have a great week, everyone! Wayne Homren
SELECTIONS FROM Kolbe & Fanning’S SALE #142
Maria Fanning forwarded this press release describing some of the fun stuff in Kolbe & Fanning’s June 24-25, 2016 sale. Thanks! -Editor
As announced last week, Kolbe & Fanning will be holding our 142nd sale of important numismatic literature on June 24 and 25, 2016. It is a two-part sale, with a live online component to the first 380 lots, and with the second part (over 600 lots) being a traditional mail-bid sale. It’s natural, when promoting a sale, to focus on the higher-priced items: landmark rarities, exquisite bindings and so on. It occurs to
us, though, that there are a number of items in this sale that are just plain fun: and since hobbies are supposed to be enjoyable (no
matter how seriously we may take them), we thought we’d focus some attention on a few of these lots:
Lots 72 and 93 --Lot 72: a handwritten letter, signed, by Barclay V. Head, dated 1893 on British Museum notepaper. The letter cites a passage in his Historia Numorum, the first edition of which was published just six years before. --Lot 93: a copy of Frederick S. Knobloch’s very scarce 1942 catalogue of the Bishop Bonaventure F. Broderick collection of ancient coins, inscribed to the author by Bishop Broderick. Lots 142 and 176 --Lot 142: Félix Feuardent’s copy of Alphonse de Schodt’s 1879 listing of unpublished Roman coins, with handwritten inventories of additional unpublished coins from Heinrich Dressel and Ferdinande Szukits laid in. --Lot 176: the third (and best) edition of Frederick Parke Weber’s famous Aspects of Death, a macabre compendium with a surprising amount of numismatic content, by one of the doctors treating Joseph Merrick, the “Elephant Man.” Lots 180 and 231 --Lot 180: a copy of Johann Friedrich Wurm’s 1820 work on ancient metrology, with the binding’s spine backed in vellum musical manuscript and all page edges dyed blue (which, along with green edges, was a mostly 19th-century German fashion that we rather like). --Lot 231: a possibly unique two-volume independent production comprising a plate key to Marsden’s Numismata Orientalia Illustrata. Lot 286 --Lot 268: a complete run of American Numismatic Association membership cards from 1929 to 1947, all issued to M.A. Powills. Lots 284 and 293 --Lot 284: a wonderful handwritten postcard from Edward Cogan to J.N.T. Levick, reporting on prices realized at Cogan’s Mar. 1-2, 1875 auction. --Lot 293: a very large (51.5 by 40.5 by 6.5 cm) bank register of the receiving teller of the First National Bank of Helena for 1890. Lot 300 --Lot 300: a fantastic promotional piece for S.K. Harzfeld, printed on the blank verso of a National Bank Note Company sample. Lot 301 --Lot 301: a subscription form sent to Dr. George Heath, founder of the American Numismatic Association, calling on him to renew his subscription for the 1894-95 volume of the American Journal of Numismatics. Lot 351 --Lot 351: two handwritten letters from Wayte Raymond to John J. Pittman on the subject of proof coins. And that’s just in Part I of the sale. Few of the above lots will be in the running for Star of the Show as far as prices realized goes, but they all get to the heart of why we collect: because it’s interesting and intellectually stimulating and just plain fun. For more information on the sale, go to numislit.com, where a PDF of the entire catalogue can be downloaded and where you may connect to our custom online bidding platform for Part I of the sale. Printed catalogues have been mailed to established clients. Feel free to email David Fanning at df@numislit.com with any questions. We look forward to your participation. BALDWIN'S NUMISMATIC LITERATURE SELECTIONS
Baldwin's have added several new additions to their web site offerings of numismatic literature. Here are a couple of them. -Editor
Svoronos On Crète
Svoronos, J.N. Numismatique de la Crète Ancienne accompagnee de l’Histoire, la Geographie et la Mythologie de l’Ile. Macon, 1890. Complete in two parts. Quarto. (4), ix, (1), 358; 35 fine plates. Both parts handsomely bound in brown morocco and marbled boards. Spine ruled, decorated and lettered direct in gilt. Contents a trifle browned as is usual but clean and otherwise bright. The plates in a similar state and well preserved having been bound in on hinges. The last plate with a photograph of the obverse and reverse of a Hadrian bronze neatly pasted in. The standard reference for the series. Clean, bright and in a handsome contemporary binding. A very fine copy. Seldom offered. Clain-Stefanelli 2581*; Daehn 4437; Kroh 50 (four stars), ‘This study, as opposed to the BMC, attempts to be a corpus of all known types and is still utilized as such by most researchers… Very rare.’ For more information, or to order, see:
The Kress Collection Of Renaissance Bronzes And Medals
Hill, G. &Pollard, G. &Pope-Hennessey, J. Renaissance Bronzes from the Samuel H. Kress Collection. Reliefs, Plaquettes, Statuettes, Utensils and Mortars. With; Renaissance Medals from the Samuel H. Kress Collection at the National Gallery of Art based on the Catalogue of Renaissance Medals in the Gustave Dreyfus Collection. London, 1965 &1967. 4to. viii, 333, (3), 616 illustrations; x, 309, (1); 136 plates. Both volumes casebound in the original blue cloth. Minimal wear. Important references. Clain-Stefanelli 14289* For more information, or to order, see:
To read the complete article, see:
WHITMAN RELEASES NEW SEARCH &SAVE COIN BOOKS
Dennis Tucker of Whitman Publishing submitted this press release about a new product for the general public interested in beginning to
collect coins. Thanks. -Editor
Whitman Publishing announces the release of the first three volumes in a new series of combination book-albums, trademarked under the name Search &Save. Each volume consists of a 64-page book bound with a Whitman Classic Coin Album page for storing and displaying a coin collection. The Search &Save volumes are intended for beginning to intermediate hobbyists, and as a fun way to introduce newcomers to active coin collecting. The first three books cover Lincoln cents, nickels, and State quarters. Each retails for $9.95 and is available from booksellers and hobby shops nationwide, and online (including at www.Whitman.com). The Whitman Classic® Coin Album page has protective plastic slides that are inserted on each side of the page’s openings, holding coins firmly in place while allowing both obverse and reverse to be displayed. Many of the Search &Save coins can be collected from circulation. Others require some hunting at local coin shops, online, or at a coin show. “Our goal with these Search &Save books is for the reader to learn about each coin, and to enjoy the fun of building their own personalized collection,” said Whitman publisher Dennis Tucker. “When they’re done, they’ll not only have a valuable coin collection, but they’ll be able to tell each coin’s story and share them with their friends and family.” Search &Save: Abraham Lincoln Cents—From Birth to Bicentennial, and Beyond features a colorfully illustrated chapter on the life of Abraham Lincoln, along with chapters on the Wheat cent, the Memorial cent, Bicentennial cents of 2009, the Union Shield cent, and other Lincoln coins and collectibles. A final chapter describes how to collect Lincoln cents, and the book’s album page provides openings for 15 different coins of different designs and alloys. These include the series’ first year of issue (1909); the Wheat cent of 1909 to 1958; the 1943 steel cent; the “cartridge case” cents of 1944 to 1946; bronze, brass, and copper-plated zinc Lincoln Memorial cents, in circulation-strike and Proof formats; the four special designs of the 2009 bicentennial of Lincoln’s birth; and today’s Union Shield cent, minted since 2010. Search &Save: Nickels—150 Years of United States Five-Cent Coins, 1866 to 2016 and Beyond includes an introduction to America’s early silver half dimes and later nickel five-cent coins. Other chapters describe Shield nickels, Liberty Head nickels, Buffalo nickels, and Jefferson nickels, including those of the Westward Journey series honoring the Lewis and Clark exploration of the Louisiana Purchase. It explores hobby topics such as how to grade nickels. The book’s album page allows the collector to display 16 coins of different types and varieties, ranging from the earliest Shield nickels to today’s Jeffersons. Search &Save: State Quarters—Including the District of Columbia and U.S. Territories tells the stories of each of the 56 quarters minted from 1999 to 2009, with facts about each state and territory; significance of the images on the coins; and colorful illustrations of America’s people, wildlife, and landscapes. The book’s album page includes openings for 11 coins, allowing the reader to collect a favorite design from each of the years of issue. This volume is unique in that every coin studied can be easily collected from pocket change and by searching bank rolls. Additional Search &Save volumes (on dimes and quarters, half dollars, and dollar coins) will debut in November 2016. Because Whitman Publishing is the Official Supplier of the American Numismatic Association, ANA members receive 10% off the Search & Save books when purchasing directly.
Nice idea. Every product category can use an update once in a while, and this looks like a nice spin on the coin folder concept. Local
clubs should consider buying some to hand out to show visitors and the general public. -Editor
For more information, or to order, see:
NEW BOOK: CURRENCY, THE POMPEIIANS AND VESUVIUSGeorges Depeyrot writes: Lastest volume: Moneta # 193, G. Depeyrot, Currency, the Pompeiians and Vesuvius, Wetteren, 2016, 204 p., ISBN 978-94-91384-61-5 see http://www.moneta.be Moneta published in the Collection Moneta studies devoted to numismatics and monetary economy (all periods, all regions, and all languages).
Here's the book's description from the Moneta web site. -Editor
The analysis of Roman coin circulation is generally based on hoards and coin finds. They reflect two different aspects of the movement of coins. The former are the result of the careful selection of coins according to metal, date of issue, conservation; the latter are the result of haphazard losses of petty coins that nobody wanted to spend time to recover. Pompeii is a unique case. The sudden eruption of Vesuvius on October 24th, 79, stopped life in the city. At this moment (1 pm), a large part of the population was working outside the town. While the inhabitants of Herculaneum had enough time to try to escape from the city, Pompeii was quickly covered with pumice that made it impossible to return to the city or obstructed escape from the houses that the first pyroclastic flows very rapidly submerged. Pompeii is a unique opportunity to see a frozen image of coin circulation, even if the immediate looting of the ruins may have disturbed the remains. During the extensive excavations conducted in the 18th and 19th centuries a huge number of coins were found, but unfortunately they were largely mixed together or lost. However, the diaries of the excavations give many imperfect mentions of coin finds. Nevertheless a collection of all these imprecise descriptions offers a picture of the coins and the city. The main purpose of this study is to understand the reality of currency distribution. It is time to try to analyse how many coins were found and how many coins were in the hands of the population. What was the reality of the coin supply in such an Italian town? How many coins had each Pompeiian, by metal, and by regio. What was the composition of their savings? When did they segregate coins according to metal? What was the relationship between the monetary stock and prices? What was the role and the level of intervention of the bankers in comparison with the precious hoards and savings of the rich Pompeiians? Can we deduce from the coin finds the social position of the inhabitants of the various villae? MONETA 193, 204 pages 75 euros contents ISBN 978-94-91384-61-5 For more information, or to order Moneta #193, see:
Georges adds: Moneta (www.moneta.be) is now completely changing its system of communication. If you want to receive a mail informing you of new publications, of new promotions or discounts, leave your email address on http://www.moneta.be. Now there is a -20 % / -25 % discount on all the volumes see details also on the page http://www.moneta.be NEW BOOK: LUCKY BUCKS COMIC PLAY MONEY
Russ Sears submitted this announcement about his wife Jane's new book on depression-era "Lucky Bucks" play money. Thanks!
Until now I believe the 1985 Richard Clothier book on Play Money of American Children was the only published catalog on the topic.
It covered these items, but not to the depth of Jane's new book. I'm sure these ephemeral items are a challenge to collect today.
-Editor
After collecting Lucky Bucks and other "play money" since 1980, collector/author Jane Sears wrote "Lucky Bucks &Other Comic Play Money from Depression Era Newspapers 1932-43" to share with others her collection and items from collections of some of her friends. Most collectors have never heard of Lucky Bucks play money which appeared in the comics sections of newspapers in 1932 and 1933. This
231 page book tells the stories of Lucky Bucks and other similar items from the Great Depression. Printed in color, it has over 1500
illustrations including over 1000 Lucky Bucks.
Featured on the Lucky Bucks are characters from comic strips of the day. Include are Mickey Mouse, Blondie, Barney Google, Felix the Cat, Skippy, Popeye and many others. Readers are taken back in time to learn about the early days of many comic strips, the characters featured in them and how Lucky Bucks were used in commerce and as collector's items. Retail price of the book is $ 59.95. E-Sylum readers in the United States may purchase the book at a special price of $ 52.95 Orders may be sent to Jane Sears, 9323 Waltham Woods Road, Baltimore, Maryland 21234. Questions about the book may be sent to MaryJaneSears1@Gmail.com . BOOK REVIEW: ENCYCLOPEDIA OF COIN AND MEDAL TECHNOLOGY
Ken Bressett submitted this review of the draft of Dick Johnson's Encyclopedia of Coin and Medal Technology. Thanks!
-Editor
The numismatic world has recently been abuzz over the promise of a definitive new reference work covering the art and technology of coin and medal making. All too few chroniclers have attempted to explain and describe the intricacies of how the objects of our special interest are produced, much less catalog the jargon that has been held, often rather secretly, by those who ply this ancient art. I recently spent some pleasant time getting acquainted with Dick Johnson’s incredible new book project. This looks like the work of a lifetime and is bound to be an indispensable reference for every serious numismatist. I cannot say enough good things about it, even if it is still in an unfinished stage. I am convinced that when replete with illustrations and whatever else may be added, it will set a new standard for encyclopedic publications. Johnson’s Encyclopedia of Coin and Medal Technology is a hefty 8.5” x 11” tome with 671 pages (at this time) and is packed with “everything anyone would ever need to know” about the technical side of how these items are made, and what they should properly be called when we write or speak of them. The author has done an extraordinary job capturing so much information, and presenting it in a useful form. It is obviously a labor of love reflecting a lifetime of interest in his chosen field. Although medals are not my forte, I know that this reference is one that will be used frequently and be an essential addition to any home library. I felt honored and very pleased to receive an early copy of Dick’s manuscript for review and comments. I have no doubt that this work, replete with additional observations from his many friends and specialists will become a classic. To read the earlier E-Sylum articles, see:
BOOK REVIEW: THE MILLIONAIRE AND THE BARD
Jeff Reichenberger submitted this review of a non-numismatic book that may be of interest to readers. Thanks. -Editor
I have recently read an outstanding book that I think NBS members will appreciate, in spite of its non-numismatic content. The Millionaire and the Bard, Henry Folger’s Obsessive Hunt for Shakespeare’s First Folio, by Andrea Mays, is the true account of Standard Oil executive Henry Folger and his maniacal pursuit of the Shakespeare First Folio, and all things Shakespeare (Shakespeariana). The book begins with a biographical look at William Shakespeare’s life, and how, after his death, two of his colleagues decided his plays should be preserved – culminating in the publishing of the First Folio. The First Folio (published 1623) is the very birth of the writings of Shakespeare as we know them today. Mays’ book is detailed in all the things bibliophiles cherish; early book manufacturing, early book publishing, reprints, addenda, counterfeits; it describes years of lull and public indifference toward the publication, then the catch-fire excitement it ultimately ignited. Cut to almost 300 years later and one rich man who deeply desires to own all extent copies of the First Folio. Again, what is chronicled are all things prized by bibliophiles; research, cataloging, pursuit, negotiating, auctions, triumphs and failures, secrecy and intrigue. There is also the unsavory rivalries, back-biting, and jealousy. Did Henry Folger manage to collect all copies of the First Folio? I recommend you read the book to find out. For more information, or to order, see:
THE EARLY HISTORY OF THE NUMISMATIST
In his June 3, 2016 Numismatic Bookie column for Coin World, Joel Orosz examines the early history of the American
Numismatic Association's journal The Numismatist. -Editor
In 2016 the American Numismatic Association celebrates its 125th anniversary, chronicled by the ANA’s official journal, The Numismatist. But, as the Grateful Dead would sing, “what a long, strange trip it’s been” for The Numismatist: it wasn’t always the ANA’s official journal; it was owned at various times by three different private individuals; and it didn’t even begin with that name. The story starts downriver from Detroit, with Dr. George Heath, physician and mayor of Monroe, Mich. A coin collector and “vest pocket” dealer, Heath issued, in September 1888, a periodical dubbed The American Numismatist to sell his duplicates. By its second issue, in November, “American” disappeared from the masthead. A defunct numismatic magazine by that name had been published in Paterson, N.J.; perhaps Heath sought to avoid confusion, perhaps he just liked the shorter title better, but he never explained the alteration. Heath enthusiastically filled The Numismatist’s pages with readable stories. In the February 1891 issue, he asked: “Whats the matter of having an American Numismatic Association? ... Would it be practicable?” Favorable responses abounded; in the June number, he nominated a slate of officers for the association. The doctor’s choice for secretary, Charles T. Tatman, was the coin columnist for a nationally distributed youth newspaper named Plain Talk, which Heath suggested as the “official organ” of the ANA. Heath’s recommendation was never formally ratified, but Tatman reported ANA news in his column until the summer of 1892, when he left for a European vacation. He resigned, as of June 15, both as ANA secretary and as Plain Talk’s coin columnist, and The Numismatist became the ANA’s official journal by default. Heath was a hands-on editor, personally printing every issue through 1893 on his own printing press, and always publishing The Numismatist in the best interests of the ANA. Death came for the doctor June 16, 1908, and Farran Zerbe swooped in a month later to buy The Numismatist from Heath’s widow. Zerbe, of Tyrone, Pa., was also the sitting president of the ANA, and questions quickly arose about the appropriateness of his involvement in ANA politics while personally owning its official publication. A bitterly contested election in 1909 worsened the conflict. As 1910 wore on, The Numismatist had been the ANA’s journal for nearly 20 years, but never had the ANA owned or controlled it. Stepped forth W.W.C. Wilson, a Montreal numismatist, who bought the magazine from Zerbe in November 1910, and generously donated it to the ANA. Ironically, it took a Canadian to resolve the conflict of interest bedeviling the American Numismatic Association. Even more ironically, the ANA’s top award is named in Zerbe’s honor, while Wilson, the ANA’s greatest benefactor, is honored not at all in Colorado Springs, Colo. Collectors benefit from the long, strange trip of The Numismatist, for extensive runs of the magazine can be purchased relatively inexpensively: 1911 to date for about $1,000, and 1894 to date for less than $3,000. The first six volumes, personally printed by Dr. Heath, are another story: a mere dozen complete sets can be definitively traced in individual and institutional libraries, and is likely to top $30,000 on those rare occasions when offered at public auction. Fortunately, a 1963 reprint of the first six volumes goes for about $250. To read the complete article, see:
THE BOOK BAZARRENEWMAN PORTAL SCANS KELLY’S COINS AND CHATTER
The latest addition to the Newman Numismatic Portal is Kelly’s Coins and Chatter. Project Coordinator Len Augsburger provided the
following report. Thanks. -Editor
The Newman Numismatic Portal has scanned a comprehensive run of Kelly’s Coins and Chatter. The house organ of Dayton, OH dealer Jim Kelly, Coins and Chatter follows the publication model established in the 19th century by Ebenezer Mason and other dealers – coins for sale, occasional graphics to add visual appeal, all interspersed with numismatic gossip and bits of hard news. These publications presaged the general interest periodicals of the mid-20th century (Coin World and others) and demonstrated an appetite for numismatic information outside of terse coin listings. The serial numbering of Coins and Chatter is an unsolved mystery to us, and we invite readers to help fill gaps or clarify our ordering. Link to Kelly’s Coins and Chatter on NNP:
Link to all house organs on NNP:
THE MYSTERIOUS MRS. MARSHALL
Len Augsburger has a second Newman Numismatic Portal announcement this week, resulting from our visit to Dave Hirt in March. -Editor
The Mysterious Mrs. Marshall: An Early American Numismatist Listed in Attinelli, for the year 1864, “Mrs. Marshall” has long been known as a numismatic name, but her precise identity has eluded researchers. “Mrs. Marshall” has heretofore been associated with a lone catalog from 1864, and even the catalog itself raises more questions than it answers. This document recently came across the scanners at the Newman Numismatic Portal (courtesy of Dave Hirt). It lists an extensive collection of ancient, foreign, and U.S. coins, but it is unclear whether this is a fixed price list or an auction catalog. To the rescue comes John Lupia, who has provided a helpful biography of Mrs. Marshall at his Numismatic Mall site. Briefly summarizing, Francis Maria Keeler (1810-1879) married Dr. Robert S. Marshall in 1832 and the two settled in Hobart, NY. The doctor, bitten by “gold fever,” traveled to California where he died in 1850. Mrs. Marshall appears to have continued the collection, as it contained pieces struck after 1850. Dave Hirt, in 1996, noted that “Mrs. Marshall” was listed as a buyer in a priced and named copy of Bangs’ J.N.T. Levick sale (1865). This alone qualifies Mrs. Marshall as one of the earliest female numismatists in the United States, and to that we may be able the title of “coin dealer” as well, although this is less clear. While the cover of the Marshall catalog indicates “for sale,” Lupia raises the possibility that the catalog was prepared in conjunction with an exhibit at the annual Delaware County Agricultural Fair, where it is known that she regularly exhibited. Link to John Lupia’s biography of Mrs. Marshall:
Link to the Mrs. Marshall catalog on the Newman Portal:
Link to Dave Hirt’s Asylum article on Mrs. Marshall:
To read the earlier E-Sylum article, see:
NATIONAL COIN COLLECTORS ASSOCIATION MONOGRAPHSRegarding my question about monographs published by the National Coin Collectors Association (NCCA), Mark Verbeck of Lake Bluff, Illinois writes: I can supply only a incomplete answer concerning the National Coin Collectors Association. I have Monograph #3, dated June 1991. Title: LIBERTY SEATED COINAGE Subtitle: AN INTRODUCTION TO THE COLLECTING OF LIBERTY SEATED HALF DIMES, DIMES, 20-CENT PIECES, QUARTERS, HALF DOLLARS, AND DOLLARS [this also all-caps, but in smaller font] Text is numbered pp. 2--15. Back cover is blank. As you probably recall, Mr. Atkinson was based in Murphysboro, Illinois, close to Southern Illinois University in Carbondale. Pete Smith writes: NCCA (National Coin Collectors Association) offered three monographs in The U. S. Coin Collector, Issue 6, July 1991. Monograph #1 NUMISMATIC LITERATURE: A BIBLIOGRAPHY OF WORKS NECESSARY FOR THE STUDY AND COLLECTING OF U. S. COINS. (10/90) Monograph #2 EARLY SILVER COINAGE: AN INTRODUCTION TO THE COLLECTING OF FLOWING HAIR, DRAPED BUST, AND CAPPED BUST SILVER COINS. (2/91) Monograph #3 LIBERTY SEATED COINAGE: AN INTRODUCTION TO THE COLLECTING OF LIBERTY SEATED HALF DIMES, TWENTY-CENT PIECES, QUARTERS, HALF DOLLARS, AND DOLLARS. (6/91) Each was offered to members at $3.00 and to non-members at $5.00. Thanks also to Mike Paradis who located a listing in David Sklow's Literature Sale #9, Lot 91: National Coin Collectors Association. NUMISMATIC LITERATURE: A BIBLIOGRAPHY OF WORKS APPROPRIATE FOR THE STUDY AND COLLECTING OF U.S. COINS – MONOGRAPH #1. Murphysboro, IL. 1990. [18pp. no pagination], single sheets, housed in clear plastic report folder. A very useful tool for aiding collectors of U.S. coinage; listings of books include descriptions and important notes with comments; Fine. (40.00)
Ed Hohertz found records for all three monographs on the American Numismatic Society's library catalog, DONUM. -Editor
To view the ANS DONUM records, see:
Thanks, everyone! I was unable to locate any of these in my own library. -Editor
To read the earlier E-Sylum articles, see:
THE BOOK BAZARRENOTES FROM E-SYLUM READERS: JUNE 5, 2016The Norwebs: American Loyalty
Nice issue! The Norwebs were my definition of American royalty. They had the Bratenahl house, mentioned in the latest issue, also a floor (above Henry Luce, founder of Time-Life) in the River House in New York City, and their summer home in Boothbay Harbor, ME. Emery May Holden Norweb was a wonderful lady, a fine friend, ever since I was a teenager. They wore their 'nobility,' such as it was, gently and mostly privately, without a whisper of ostentation. My relationship with Emery May Holden Norweb and her son Harry (and his wife Pam), not to overlook Ambassador R. Henry Norweb, are treasures in my memories.
Great collectors are often great people as well. The Norwebs were before my time, but I know their type: interesting, interested, and
involved in the world around them. -Editor
To read the earlier E-Sylum article, see:
More on the "S S" Counterstamp
The counterstamp SS is recorded in Merchant and Privately Countermarked Coins by Gregory Brunk 2003. "p77 Ireland: This is an odd series. While nothing is known about the issuer, the SS countermarked coins are numerous. They also appear on lead counterfeits of various coins. SS (S-62) Farthing: UK (3)
SS (S-63)
p338 under the category of Regulated Gold Coins (interesting to see that defined later in the same issue of the E-Sylum!!) "These two coins may not have the same countermark. Only one was noted as being incuse. S S (Incuse) (S-64) 6400 Reis: 1749 1773"
Thanks. Bruce was unable to provide a photograph, but may be able to obtain one for us in the future. -Editor
To read the earlier E-Sylum articles, see:
1854 Gold Proof Set Connection Sought
Some weeks ago John Lupia had a very interesting post on the Kline sale of 1855. I wanted to comment at the time, but my copy of that sale catalog was not in my possession. Now I have it again. I completely agree with John that the owner of that collection is unknown. I have a suggestion that could be checked out. Lots 249-254 were described as a complete 1854 gold proof set, "beautiful, fresh from the die", which by the way sold for par, (face value). The number of these sets sold was surely very very small. Perhaps mint records would show who the purchaser was.
Interesting angle. Are initial buyers of the 1854 gold proof sets known to anyone? Thanks. -Editor
On Transgendered George
I loved the cover of the Pittsburgh City Paper. Right with the times. Who would have thought good old George was transgendered Georgie? Maybe the reason he had no children?
Well, I wondered myself what restroom George would use at Intermission. -Editor
To read the earlier E-Sylum article, see:
Anti-Semitic Bigotry
Regarding the article on Anti-Semitic Banknotes, which refers to the exhibit at the New-York Historical Society on Anti-Semitism 1919-1939, one of the propaganda messages quoted from the anti-Semitic notes: “The aversion of the German people for the Semitic people does not have its cause in the difference of religion...”, is certainly not borne out by the facts. A recently published review of the history of anti-Semitic medals clearly supports the conclusion that religious art and sacred texts play a prominent role in the propagation of anti-Semitic attitudes. See: Weiss, Benjamin, “Anti-Semitic Bigotry: A Retrospective As Chronicled by Commemorative Medals” , Artwis.com, Kunstpedia Foundation, The Netherlands, 2015.
Thanks. See below for a link to the article. -Editor
To read the complete article, see:
To read the earlier E-Sylum article, see:
THE BOOK BAZARREBURDETTE GARNER JOHNSON (1885-1947)
John Lupia submitted the following information from his Encyclopedic Dictionary of Numismatic Biographies for this
week's installment of his series. Thanks! As always, this is an excerpt with the full article and bibliography available online. This
week's subject is St. Louis dealer Burdette Johnson. -Editor
Burdette Garner Johnson (1885-1947) ... was born on January 2, 1885, son of William A. Johnson (1849-1931) and Luella Lou Conway Johnson (1859-1914) at De Soto, Missouri. While a schoolboy in St. Louis, Missouri, he was a correspondent with the Chapman Brothers buying Roman coins at age fifteen in September 1900. He is referred to by his late biographer Al Wick as self-educated and is purported to have read a book a day. After graduating elementary school he moved to his relatives in Columbus, Indiana to work for Prudential as a cashier. In September 1902 he left his position as cashier of the Prudential Office, Columbus, Indiana, to work in St. Louis for Frank Elmer Ellis (1862-1937), at St. Louis Stamp and Coin (q.v.). Johnson helped Ellis move from 1003 Pine Street to 115 North 11th Street in March 1903. In the April 1903 issue of The Numismatist, Burdette G. Johnson is listed as a new member of the ANA, Member No. 473, who specialized in ancient coins especially Roman. In 1907 he owned St. Louis Stamp &Coin with David A. Sutherland, his partner, whom he bought out in 1908. Johnson maintained Ellis' advertising practice and policy running a new and different full page ad on the inside cover of Philatelic West each month. He held 36 auction sales from 1902 to 1915. Armin Brand on behalf of the estate of Virgil Michael Brand gave consignments of coins to Johnson... In 1919 he traveled to Great Britain, France, Belgium and Holland to purchase coins. During the Depression a young girl named Mary Cruzan was abandoned by her parents. Johnson took her in and educated her treating her as his own daughter. In 1933 both Henry Chapman, who was very feeble and infirm at the time, and Burdette Johnson were hired by the Brand brothers to appraise Virgil Brand's gold coin collection. Henry Chapman was slated to appraise first and so was responsible for unwrapping the coins which was a timely process considering the double envelopes and ties Brand kept on each coin. Johnson was to confirm or reevaluate as he deemed appropriate. Apparently the feeble Chapman took too long and Johnson kept yelling to Henry Chapman asking what was taking so long. In January 1939 Spink &Son , Ltd., sent Miss M. A. Dunn of Brooklyn two coins, an 1804 and a 1805 U. S. Silver Dollar with the suggestion she show them to Burdette Johnson for authentication. Johnson considered them fakes. They were bought in November of that year by Farran Zerbe. In 1961 M. H. Bolender authenticated them as genuine. He died on February 24, 1947 on a streetcar en route to his coin shop. Mary Cruzan (1921-1996), Johnson's virtually adopted daughter inherited the residue of his U. S. Colonial coin stock including a 1782 Libertas Americana, that sold for $20,900 in 1997. The 240 lots of coins were sold posthumously in June 1997 at Christies, New York, and realized $1.1 Million USD. Fifty years after his demise Burdette G. Johnson's legacy to his daughter Mary Cruzan set a record at auction. He is buried in Valhalla Cemetery, Bel-Nor, St. Louis County, Missouri. To read the complete article, see:
BUILDING THE JOSIAH K. LILLY COLLECTION
In a series of recent blog posts, Harvey Stack wrote about his family's role in helping form the Josiah K. Lilly Collection. Here are
excerpts from the first three installments. -Editor
In the spring of 1951, a well-dressed, debonair gentleman came into our shop. He wanted to know if we had any doubloons, from Central and South America to show him. Stack's always maintained a vast and diverse inventory and we took out a few Spanish Colonial gold coins to show him. He introduced himself as Josiah K. Lilly, the chairman of his family's pharmaceutical business, Eli Lilly and Company, headquartered in Indianapolis. He explained he had a passion to learn more about the coins that gained their fame during Spanish Colonial days. The coin that was most talked about was the '”doubloon,” or 8 Escudos. My father, Morton Stack, and my uncle, Joseph B. Stack, were working at the counter that day and began showing J.K. Lilly gold doubloons that we had in stock. These included the somewhat crude early issues, known as cobs due to their somewhat irregular shape. He also examined the various portraits of Spanish kings that appeared on the later issues. Morton and Joseph advised Mr. Lilly that these coins were made and struck in various South American countries, identified by the mintmark on them, and also the assayer’s initials, which gave assurance that the fineness of the gold and weight were verified and therefore official. It was discussed how these were used in trade and also to pay the troops who occupied and ran the countries occupied by the Spanish. From Stack's stock at the time, we gathered for him 12 different pieces, some from different mints of Central and South America, a cob or two, and for the balance, pieces with the portraits of the various kings of Spain. J.K. Lilly was amazed with what we were able to show him, and he decided to purchase all 12 to start his collection. My father and uncle introduced me to him. I was the only junior Stack in Stack's at the time, as my cousin Benjamin had left to try his luck in Las Vegas, and Norman, his brother, was in military service. Later on, since J.K. Lilly liked personal deliveries to Indianapolis, I became the appointed messenger to him, whenever either senior Stack could not make the trip. We gave J.K. Lilly some books on the subject of Spanish American Coins we had, and the one of most importance at the time was the book compiled and written by Wayte Raymond called "Gold Coins of Central and South America." This book proved to be invaluable to anyone who needed information about coins issued from each country in the Spanish Colonial era. It had a detailed tabulated listing of all the known denominations and dates, from the 8 Escudos (doubloon) down to the 1 Escudo. Mr. Lilly, after scanning the book, was amazed how many different pieces were made, as well as how skillfully they were produced. He thanked us for our help and information as well as the coins we found for him, and told us we would hear further from him after he reviewed his purchases and studied the information in the books. Within a few weeks after his initial visit, we received a phone call from Mr. Lilly. He expressed his appreciation for the time and assistance we offered during his visit, and for the books and literature we provided. He let us know he was fascinated by the coins and asked us to find more for him. He wanted to expand his Doubloon collection with different dates and mintmarks, and see how many more we could assemble for him. Mr. Lilly concluded, after reviewing the Raymond reference text and tabulation, that there were close to 500 different dates and mints originally struck, and that he would be willing to expand his collection by another 75 or 100 pieces. He asked if we could do it. We, of course, said we would do our best, and also try to keep the prices within an acceptable range. He thanked us and let us know that he would be back in New York in the fall on his way to Palm Beach. Our response was to assure him that as a valued customer we would work diligently on his project to find the coins he wished to add to his collection. In the late fall of 1951 Josiah K Lilly stopped off at Stack's on his way to Palm Beach for the winter. (Mrs. Lilly liked to make the stop in New York to do her shopping and to rest from the first part of their trip). We showed him what we had assembled, close to 100 different dates and mints of the various Central and South American issues. These were not easy to assemble, for as we searched, our dealer friends thought this was a good time to raise their prices. Stack's became their own major competitor for these coins. During the summer we had sent out inquires to many dealers to get quotes and lists of what they had for sale. Of course, this information found its way to others as well and the demand made this a "hot series," so up went the price. We refused to buy at these inflated prices, for it was our obligation to our client to keep the prices in line with the general market conditions... Mr. Lilly explained to us that he wanted a single representative (dealer), as he knew if he had a few, it might add up to competition as he might end up bidding against himself. He asked us to continue locating doubloons for him, and he would see us in the spring of 1952 to review what we had accomplished. We, of course, agreed to continue our search. This was the beginning of Stack’s helping J.K. Lilly to establish his collection in the future, to become one of WORLD CLASS. This story of Stack’s part in building the J.K. Lilly Collection will continue in Part 4. To read the complete articles, see:
For more of Harvey's reminiscences, listen to his new CoinWeek podcast interview with Charles Morgan:
MYSTERY NUMISMATIST: CARLING GRESHAM
Last week Pete Smith provided this image of a mystery numismatist. Cal Wilson was the first with the correct answer: Carling Gresham, a
past editor of our print journal, The Asylum. Thanks! Pete found the photo with Carling's death notice- he passed away in 2008. -Editor
Carling Gresham, 81 of Palatka, Florida passed away January 26, 2008. Carling was born in Jacksonville, Florida. He retired from the U.S. Army after 27 years of service where he flew mustangs. Survivors are his daughters, Tanya R. Gresham of Carlsbad, Ca., Myfanwy A. Gresham-Thomas of Denver, Co., Garnet G. Gresham of Las Vegas, Nv.; grandchildren, Kalo Copenhaver, L. Nyan, Fawnell and Lauren Gresham; great grandchildren, Savana and Bo Copenhaver. Pete adds: Apparently his first name was Billie. I had not known that. Dave Alexander writes: I believe our mystery man in the recent E-Sylum is the late Carling Gresham, long ago of the Coin World staff and a notable controversialist as editor of FUN Topics, where he lambasted FUN officers with spectacular abandon. Some early issues of The Asylum featured a number of verbal assaults of somewhat less violence on early NBS members. The story of a disaffected girlfriend driving his expensive sports car far out on the sands of Daytona Beach and leaving it there to greet the incoming tide made headlines in its day, Carling was also a competent researcher, see his booklet on the Green Cross Medal issued by Scots adventurer Gregor MacGregor on Amelia Island, Florida in 1817. A veteran in the early struggle for South American independence, MacGregor led a storybook career that is little known in the U.S.
Carling clearly relished controversy, and when asked about his Asylum style he claimed he was being deliberately provocative in
order to induce people to write in and provide more copy for subsequent issues. To some extent I do that in The E-Sylum but
generally as an act of omission - I'll let some incorrect statements stand to allow those smarter than me about the topic to write in
with a more detailed and authoritative report. Either that, or my wife is right and I'm just plain stupid. So that's the story
I'm sticking to.
Can anyone tells us more about Carling? -Editor To read the complete obituary, see:
To read the earlier E-Sylum article, see:
BILL PROPOSES SAINT-GAUDENS NATIONAL ARTS PARK
This June 3, 2016 artcle by Dan Holmes on the Mint News Blog discusses proposed legislation that would designate the home of coin
designer Augustus Saint-Gaudens as a National Park. -Editor
Two bills have been introduced proposing the redesignation of the Saint-Gaudens National Historic Site in Cornish, New Hampshire to the “Saint-Gaudens National Park for the Arts.” The companion bills were submitted simultaneously on May 12 by Sen. Jeanne Shaheen (D-NH) and Rep. Frank Guinta (R-NH1). Augustus Saint-Gaudens was born in Ireland, raised in New York City, and went on to become one of America’s greatest sculptors. He created some of the nation’s best-known public statues, including Standing Lincoln (1887) in Lincoln Park in Chicago, the Sherman Memorial (1903) in Central Park, N.Y.C., and the Robert Gould Shaw Memorial (1897) on Boston Common. His sculptures are also housed in museums around the world, including the National Gallery of Art in Washington, D.C. and the Metropolitan Museum of Art in New York. Saint-Gaudens is also known to numismatists as the designer and sculptor of two of America’s most iconic coins, the 1907-1933 Gold Eagle and Double Eagle. President Theodore Roosevelt hand-picked him to design these issues as part of an initiative to elevate the quality of United States coinage. Saint-Gaudens died shortly after submitting his designs, however, and never got to see the finished issues. The identical bills (S. 2923 and H.R. 5206) are titled “The Saint-Gaudens National Park for the Arts Redesignation Act” and seek to re-conceive the site in accordance with its unique character and history. The area comprises 370 acres and houses the sculptor’s home, gardens, and studios. It was also the center of the Cornish Art Colony, one of the earliest and most vibrant communities of this type, which featured concentrations of painters, writers, architects, and musicians. GovTrack.us currently puts the bills’ odds of passage at about 23%, which is fairly high for such a recent proposal, thanks in part to cooperation between members of Congress across party lines. Notably, Saint-Gaudens employed a number of a young sculptors over the course of his career, including Adolph A. Weinman, who would go on to design the Mercury dime and Walking Liberty half dollar. Saint-Gaudens’s home received Congressional authorization to become a National Historic Site on August 31, 1964, and officially assumed that status in May 30, 1977.
Interesting idea. I've never been to Cornish, but would love to visit the Saint-Gaudens site someday. Have any of our readers been
there recent;y? What did you think? -Editor
To read the complete article, see:
ROYAL CANADIAN MINT ARTIST GLEN SCRIMSHAW
This CBC article from Saskatoon, Saskatchewan highlights local artist Glen Scrimshaw. -Editor
Glen Scrimshaw has always wanted to be a painter. As a child growing up in Big River, Sask., he remembers drawing on the walls of his family's home while his father did renovations. The self-taught artist never stopped drawing, even as he worked as a store manager all across northern Saskatchewan and Manitoba. "During some of those postings, in one town, there were 80-some people, and there was no telephone. There was a radio phone in the store. There was no television," he said. "I had lots of time on my hands, so I continued to paint and sketch." Now, 30 years later, Scrimshaw has become a household name across the province. Last year, his design of a canvasback duck made it onto a $10 collectible coin made by the Royal Canadian Mint. "That has been a pretty big highlight," he said. "My dad was a coin collector, and I spent many hours with him looking at coins, and I can just imagine what he would say if he was here." Scrimshaw is best known for his detailed nature paintings, often incorporating the northern lights or lightning into his pictures. "I love nature," he said. "Every time you look at nature, you can see something more... If you look on the shoreline of a lake, all of a sudden you might see a moose on the shore you didn't even know was there. I try to do that in my paintings as well." Scrimshaw now owns a gallery in Saskatoon and a small framing shop in his home community of Duck Lake, Sask. He thinks he'll be painting for as long as he can. "It's like breathing," he said. "If I can't paint something for a month, it's like something very important is missing out of my life." To read the complete article, see:
COINWEEK POGUE IV AUCTION ANALYSIS
Charles Morgan and Hubert Walker of CoinWeek published an article June 2, 2016 with a great recap and analysis of the offering of
the ultimate 1804 dollar, the Sultan of Muscat specimen.
As noted last week, the two highlights of the sale, the 1804 Dollar and 1822 Half Eagle failed to meet the reserve prices placed on them by the consignor. Be sure to read the complete article online - this is just an excerpt. -Editor Melissa Karstedt calling Pogue IV sale “Any interest at Seven Million Six Hundred Thousand? That is what you would have to bid.” The dollar stood just a few feet away, housed in a rectangular glass case held upright by a clear plastic stand. Untouchable, and removed from the context of a great collection, its physicality seemed to diminish with every foot that separated it from the audience. And those that had come to bid–and were cleared to bid on such a rare and expensive coin–were but a tiny fraction of that audience. It is perhaps for this reason that the lot played out like it did and perhaps also why we must adjust our understanding of how Pogue IV unfolded to take into account a perspective that analysis of the sale so far has missed. “Seven Million Six Hundred Thousand…” From where we were sitting, one could see the subtle interplay of some of the industry’s biggest coin dealers as Melissa called out the starting price. Some sat stone-faced. Others sank ever so slightly into their seats. One dealer from California mercurially furrowed his brow as if in disbelief. There was a range of reactions and emotion on the floor. It may have been too subtle for a laptop or smartphone, but what played out on the seventh floor of Sotheby’s auction house that night wasn’t quiet. Especially considering the fact that the Pogues’ reserve price had beaten back all of the industry’s elite dealers and market makers, rendering them spectators in a seven minute tug-of-war between an ultra-wealthy owner and an ultra-wealthy bidder. The Pogue IV catalog differentiated itself from the three catalogs that preceded it in one key way: price estimates were not printed at the bottom of each lot. Instead, a separate loose sheet was included, along with a mail-bid form and an envelope. The 1804 and 1822 headliners were the reason for this change in format. While building session IV around these two coins, Stack’s Bowers anticipated that the Pogue family would want to place reserves on what the family perceived to be the premier pieces of the entire collection. So the company, working against a firm deadline and the need to communicate important information to potential bidders, gave the Pogue family time to carefully consider the pricing levels that they required to part with their most treasured coins. In the interim the catalogs were dispersed and the pre-auction process got underway. Those interested in any of the non-reserved lots were provided a range of estimates as to what the final price would be. Those interested in the 1804 and the 1822 were invited to inquire for more details. Ultimately, final reserve prices were not in place until 5pm the night of the auction, which means that most people on the floor were probably unaware of them. Q. David Bowers rises to photograph the historic moment the 1804 dollar was up for bid. In the week since the Pogue IV sale took place we’ve watched and rewatched the footage of those seven minutes, taking in each frame as if it were the Zapruder film. We’ve spent years digging around auction records and looking at realized prices for coins, but for the great rarities there is no rhyme or reason to justify what people are willing to pay on any given day. The bottom line is this: nobody knows what the values of coins like these are. Only a handful of people can afford them in the first place. They are either unique or semi-unique. They have tremendous cultural and historical importance. In the colloquial sense of the word, they are priceless. Ultimately, the Pogues didn’t need to sell the coin. If you want to own the treasures of the Mack and D. Brent Pogue Collection, don’t expect a bargain and don’t expect it to be easy. To read the complete article, see:
SILVER ROUNDS FEATURE HOBO NICKEL DESIGNS
An article by Numismatic News editor Dave Harper published June 1, 2016 examines a new numismatic product trend - silver rounds
featuring hobo nickel designs. -Editor
Some collectors are pioneers. They head off in directions where the mainstream does not follow. Where most of us buy the book, buy the album and then fill it up, others don’t want to be bound by convention. Good for them. Being a pioneer means not knowing how it will all turn out. They do what they like. Personal satisfaction means more than a well traveled collecting road. A recent pioneering effort that caught my eye has to do with hobo nickels. The originals were done more than three generations ago when Buffalo nickels were in circulation and clever artists redid the design by hand. Collectors spotted these and began to collect them. The Original Hobo Nickel Society was founded in 1992 and a new generation of artists took up the craft. Amazing works have been created. The next step is apparently silver rounds that are reproductions of the works of the new hobo nickel artists. Osborne Mint is creating a series of five pieces in 2016 that shows the work of Paolo Curcio, who is known as “Mr. The.” Collectors can buy these pieces as they buy their bullion from firms like APMEX, Provident, JM Bullion, Littleton Coin Company and SilverTowne. “The Fisherman” design was the first one issued in 2016. The second was “The Train” and the third one was released yesterday called “Skulls and Scrolls.” On July 26 “Green Fair Fishbone” is due and on Sept. 27 “Jefferson Skull Scroll” will arrive. There is a one-ounce proof, a one-ounce antique finish and a five-ounce antique finish. There is a maximum of 10,000 of each available. A serial number appears on the edge. Today’s price for a one-ounce .999 fine piece is $27.05. This will change as silver fluctuates. Pioneers will be buyers. What happens next not even they know, but because they like them, they will enjoy the ride. To read the complete article, see:
TRADE DOLLARS IN OREGON 1875-1876
An article by Jim Laughlin in the June 2016 issue of The E-Gobrecht (a publication of the Liberty Seated Collectors Club) reprints
some interesting articles on the use and circulation of U.S. Trade Dollars from contemporary Oregon newspapers published in 1875 and
1876. Here's an excerpt. -Editor
As a snapshot in time, it is interesting to come across a firsthand account of trade dollars in circulation domestically. Astoria, as well as most of the Oregon country at that time was quite isolated, having no rail connections with California or with the East. While essential self-sufficient for food, it was dependent upon San Francisco, 700 miles to the south, to supply its manufactured and luxury goods needs via steamship and sailing vessels. Here in late May 1876, the Treasurer indicates “... that people generally paid their taxes this year in silver”.....and that, “...3⁄4 of all the taxes paid into the Treasury of Clatsop county, was silver and a very material proportion of that was Trade Dollars.” Of note, the Treasurer has qualified his statement by using the wording that most individuals paid their taxes in silver “this year.” Thus making a distinction that taxes in previous years were paid differently, and that meant gold coin. Legal Tender paper currency likely was not accepted by the County Government, any one holding such notes had to go to a brokerage house of bank and exchange the paper notes for gold or silver coin at a steep discount. The financial page in the same paper indicates you could get 88 cents per paper dollar. Trade dollars were expected to have been exported and used in trade with the Orient, but the law creating them had also included the provision that they were legal tender domestically in amounts up to $5. This matched the same legal tender limits that applied to the silver subsidiary coin (i.e. half, quarter, 20c, dime, and half-dime). Gold coin was legal tender in any amounts, but people could refuse to accept silver coin in amounts greater than $5. There was however a distinct difference between trade dollars and subsidiary silver coin. Subsidiary silver coin was only supposed to be obtainable from the Government by exchanging gold coin for them, whereas, anyone holding silver bullion could take that bullion to the Mint and have it converted into trade dollars, 378 grains of pure silver to a coin, and pay a nominal “minting charge,” which was required to be the actual cost the Mint expended to coin the bullion received, and walk away with a dollar coin that was legal tender up to $5. What had happened since the trade dollars were created in 1873, silver bullion prices (priced in gold coin) had declined so much, that the cost of 378 grains of silver along with the nominal minting charge to coin a single trade dollar coin, was actually less than the dollar face value that the coin would bring in domestic circulation. Thus, people that had access to silver bullion and were in the know, started taking their bullion to the Mint and having it converted into trade dollars, spending them domestically. Thus making a profit on each coin spent. Carothers in his book Fractional Currency, indicates that the tipping point occurred with the price of silver in early 1876, and by the middle of 1876, trade dollar coins were flooding retail trade in California. For more information on the Liberty Seated Collectors Club, see:
Archives International Auctions, Part XXXIII Chinese, Asian &Worldwide Banknotes, and Chinese Scripophily June 28, 2016 Click the links! Highlights include: Lot 198: American-Oriental Banking Corporation, 1919 “Shanghai Branch” Lot 245: Dah Chon Chang Money Exchange, ca.1920's "Shanghai" Lot 315: Republik Indonesia Unlisted 1948 Issue Essay Specimen Lot 451: Banco de Portugal - Azores. 1909 Issue Lot 475: Imperial Do Brazil (1882) Issue Color Trial Essay Proof Lot 700: Comite Bancario de Guatemala. 1899 Issue Lot 889: Bank of Rhodesia & Nyasaland. 1960 Issue. Lot 1006: Central Bank of Turkey. 1930 Law Issue View the Virtual Catalog Download the Catalog in PDF format ARCHIVES INTERNATIONAL AUCTIONS, LLC 1580 Lemoine Avenue, Suite #7 Fort Lee, NJ 07024 Phone: 201-944-4800 Email: info@archivesinternational.com WWW.ARCHIVESINTERNATIONAL.COM CIVIL WAR TOKEN SCRIP MATES
A long-running series in The Civil War Token Journal concerns "Scrip Mates", pairings of tokens and paper/cardboard
scrip, shellcards and the like issued by the same merchants during the U.S. Civil War. Begun by the late Sterling Rachootin, it is being
continued by David Gladfelter and edited by Susan Trask.
A few items in the Summer 2016 installment caught my eye. It covers merchants in New York state. Many thanks to Susan and David for these images. The token images were not in the article, but are instead taken from the club's update of the Fuld Civil War Token Store Cards book. -Editor Eastman National Business College, Poughkeepsie, NY
This one caught my eye because of the actual U.S. postage stamp. I'd never seen this one illustrated before the John J. Ford
collection sales. This example is from Ford Part 10 (May 26, 2005), lot 4249. -Editor
David Gladfelter writes: The Schingoethe catalog lists two varieties of the 1 cent note, one with a blank frame and one with a female allegory in the frame. It isn't listed with a stamp in the frame. A. M. Johnson, Buffalo, NY
Robinson &Ballou, Troy, NY
Here the pairing is with cardboard scrip notes, among the rarest of all Civil War numismatic items. -Editor
D. L. Wing, Albany, NY
I met Sterling Rachootin at an ANA convention back in the 1980s and thanked him for his article series. I was already a collector of U.S.
Civil War scrip and Pittsburgh Civil War tokens and hadn't begun making these connections. While I never found Scrip Mates from a
Pittsburgh issuer, I did collect several pairings including D. L. Wing, whose scrip notes are fairly common. -Editor
White the Hatter, New York City
White the Hatter Civil War token White the Hatter encased Postage stamp White, Whitman &Co. Shell card
The token image is from the tokencatalog.com, courtesy Steve Hayden. I had a White the Hatter in my encased postage stamp collection. In
this case the pairing is with a shell card from a later period.
"Scrip mates" are a challenge for the true numismatist - you have to be a generalist with interest in multiple fields to make these connections and bring the material together, be it for a collection, an exhibit or article. Looking at the tokens alone does not give the full picture of the issuer's activities and business - the group is worth more than the sum of its parts to a researcher. -Editor For information about the Civil War Token Society, send email to the Secretary, John Ostendorf, at johnoste@yahoo.com or write to him at 523 Hiwasee Rd., Waxahachie, TX. 75165. He will send you a brochure and on request, a sample journal issue. HALL OF FAME FOR GREAT AMERICANS MEDALS
On June 1, 2016 Greg Ruby published an article in his blog The Fourth Garrideb - Numismatics of Sherlock Holmes inspired by a
recent visit to the Hall of Fame of Great Americans at New York University by the cast of the CBS show Elementary. Here's an
excerpt focusing on a numismatic aspect; be sure to read the complete article online. -Editor
From the Bronx Community College’s webpage for the Hall of Fame: The principal feature of the Hall of Fame is its 630-foot open-air Colonnade, which houses the bronze portrait busts of the honorees. Designed by the celebrated architect Stanford White and financed by a gift from Mrs. Finley J. Shepard (Helen Gould) to New York University, the Hall of Fame was formally dedicated on May 30, 1901. The Colonnade was designed with niches to accommodate 102 sculptured works and currently houses the busts and commemorative plaques of 98 of the 102 honorees elected since 1900. The 98 bronze busts that line the Colonnade are original works by distinguished American sculptors. The bronze tablets recessed in the wall beneath the busts carry inscriptions of significant statements made by the men and women honored. Among the master sculptors represented here are Daniel Chester French, sculptor of the Lincoln Memorial; James Earl Fraser, whose work includes the figures of “Justice” and “Law” for the U.S. Supreme Court, and Frederick MacMonnies, whose reliefs grace Fifth Avenue’s Washington Arch.
The numismatic connection here is not only the link to coin designers such as James Earl Fraser, but the series of medals produced to
honor each inductee to the Hall. Greg's article illustrated several; here's a sampling. Do any of our readers have a complete
set? -Editor
Actor Edwin Booth
William Cullen Bryant
Oliver Wendell Holmes
Samuel Langhorne Clemens (Mark Twain)
To read the complete article, see:
For more information on the series, see this 2012 article from Dick Johnson's MedalBlog:
THE PHOTOPLAY MAGAZINE MEDAL OF HONOR
Thanks to Coin World for a June 3, 2016 article by Paul Gilkes alerting us to the Photoplay Magazine Medal of Honor being sold on
June 15, 2016 by RR Auction. I'd never seen or heard of this medal before. Here's the basic lot description. -Editor
Photoplay’s 1926 Best Picture Award for Beau Geste Extremely rare bronze Photoplay Magazine Medal of Honor, just under 3″ in diameter, engraved on the reverse: “Presented to Paramount-Famous-Lasky Corp. by Photoplay Magazine for the Production Beau Geste, the Best Photoplay of the Year 1926.” The front of the medal features the traditional symbolic dramatic masks raised in high relief. In very good condition, with overall tarnishing, a few light dings and scratches, and the initials “JE” etched to the left of the presentation engraving. Beginning in 1920, Photoplay gave out what is considered the first significant annual movie award, the Photoplay Medal of Honor. The award was voted on by readers of the magazine and the producer of the winning film was presented with a gold medallion struck by Tiffany, which was generally kept by the studio; bronze copies such as this were created in very limited amounts as individual keepsakes for some of the film’s important participants. Though Photoplay only gave the single award for best film, its intentions and standards were influential on the Academy Awards founded later in the decade. To read the lot description, see:
Earlier this year Slate magazine published a piece on the Photoplay Magazine Medal of Honor. Here's an excerpt. -Editor
Several years before the first Academy Awards ceremony took place in 1929, Photoplay magazine, one of the earliest and most successful movie fan publications, began awarding what are considered to be the first major prizes for moving pictures, the Photoplay Medal of Honor, and these were decided on by the devoted, paying public. From the contest’s inception in May 1921, the Photoplay Medal of Honor oozed lofty ambition: “PHOTOPLAY MAGAZINE has determined to permanently establish an award of merit,” said one of the magazine’s earliest full-page announcements, “a figurative winning post comparable to the dignified and greatly coveted prizes of war and art.” The Medal of Honor would be crafted of solid gold by the illustrious Tiffany and Co., and presented only to the producer (not, to be clear, the director or the distributor) “whose vision, faith, and organization made the Best Photoplay a possibility.” At the bottom of the page, loyal readers were provided with a handy short list of suggested Best Pictures of 1920—which included such frothy titles as Suds and Remodeling a Husband—and a ballot with which to cast their vote. And thus was born the precursor to the Academy Awards, a distinction that, “like Abraham Lincoln’s ideal government,” was “by, of, and for the people.” Such florid language was par for the course in the magazine, which was first published in 1911 and in its earliest days focused on story adaptations of popular movies. Starting in 1915, James R. Quirk became the editor and oversaw the magazine in its most influential period through 1932. The magazine featured full-page portraits of glamorous movie stars, such as Greta Garbo, Douglas Fairbanks, and John Gilbert, interspersed with industry gossip; brief, to-the-point moving picture reviews; puffy interviews; and the occasional reader contest. To read the complete article, see:
A gilt bronze example of a circa 1960 Photoplay medal was offered by Stack's Bowers in their March 2014 Baltimore sale (Lot 51).
-Editor
To read the complete lot description, see:
I kept looking for an example in gold and found this sale listing online. -Editor
This Tiffany &Company produced 14kt Yellow Gold Medal Token Award was given and presented to the Producer, Dore Schary, by “The American Movie Going Public” of Photoplay Magazine for Best Picture for the movie: “Battleground” in 1950. Size: 2.5 Inches in Diameter.
Very few of us can have an Oscar statuette on our mantle, but an awarded Photoplay medal in gold is a great trophy for the numismatist.
-Editor
To read the complete item description, see:
1804 WILLIAM LANGMUIR COUNTERMARK SOUGHT
Pat McBride of the Pennsylvania Association of Numismatists (PAN) forwarded this inquiry from researcher Eric Hodge who is seeking an
image of an 8 reales countermarked by Scottish merchant W Langmuir. Can anyone help? His inquiry was spurred by his searches in the
Newman Numismatic Portal. -Editor
Eric Hodge (writing to PAN): Clarion magazine Vol. 23 number 1, Mar/Apr 2006 pages 8-9 Unique Discovery. Dear Sir/Madam. I live in the UK and am an amateur numismatist specialising in UK merchant countermarked silver coins from the period 1780 to 1830. Since the death last year of Harry Manville I have tried to continue his work in this area. I have just seen the above magazine and the article refers to a countermarked 8 reales for W Langmuir of Paisley in Scotland. The article was written by Dr. Henry Stouffer and he states he has an 1804 8 reales with this countermark. If possible I would like to obtain photographs of this coin. Do you know Dr. Stouffer? Is it possible to trace him or his coin collection? Thank you for any advice or help you can give me. Yours Faithfully. Eric Hodge. Pat McBride writes: Dr. Stouffer no longer owns the 1804 piece and can’t recall where it is now. E-Sylum readers my be able to track down more information and help Eric.
So... does anyone know the present whereabouts of this coin? Or where to find an image of it? Below is the text of Stouffer's article
and its images of similar pieces. -Editor
Unique Discovery
I'm sure that many of you have been delighted to have come across a coin, medal or token that has spurred a great deal of research and investigation. In my 57 years in the hobby, I've been quite fortunate, having found the fifth known “ugly head” Washington medal, as well as several rare large cents. However, the subject of this story, concerning an eight reale piece dated 1804, had an amazing conclusion. The subject coin came into my hands about a year and a half ago. The first thing I noticed was heavy counterstamping — not only on the obverse, but also on the reverse. Our friend Charles (Carolus) the 4th was pretty much obliterated on the obverse, with the legend, “Payable by W. Langmuir” and some kind of interior design. But most interesting was a heavy grill-like counterstamp on the reverse, with the legend “Paisley Dollar Society,” with the numeral “50” centered on it. This covered about 60 percent of the reverse. The Search
Q. David Bowers
Russ Rulau
Gregory Brunk
Harrington Manville
At the right are photos of coins of this type — the upper ones showing the Langmuir/Paisley Dollar as it was issued, and below, showing it with countermarks. Now, to the amazing conclusion. I was given a listing of the known dated specimens, and recognizing that the U.S. 1804 Dollar is numismatically famous, it turns out that our specimen is the first known — and only one with the date of 1804. How about that !
Eric is a new E-Sylum subscriber and he kindly provided these images of an uncancelled Langmuir. Thanks. -Editor
To read the complete Clarion issue, see:
2016 DAMIN CONFERENCE VISITS SAN FRANCISCO
Georges Depeyrot submitted this information about the May 2016 meeting of the DAMIN program on “Depreciation of Silver : Monetary
and International Relations”, which was held in San Francisco and Virginia City where they visited the Comstock Lode. Thanks! Shown below
is speaker Dennis O'Flynn, a group of participants visiting a Virginia City silver mine, and the entrance to the Sutro Tunnel.
-Editor
From the pre-conference announcement: The goal of the 2016 meeting is to continue traditional monetary history under DAMIN, while at the same time encouraging dialogue among monetary historians, numismatists, mining historians, geologists, and other scientists (see, for example, interdisciplinary linkages encouraged by the International Big History Association). The object is to encourage broad historical analysis of diverse trade objects in relation to means of exchange, including geological concentrations of raw materials across the globe, exploration, mining (in the case of metals), monetary production (including minting), and distribution of final products to end-markets throughout the world. Envisioning monetary history broadly is important because control of raw materials conferred economic power, as did fabrication of monies, exchange of monies for other monies, and exchange of monies for non-monetary items. Equivalent linkages existed for non-metallic payment devices documented throughout history. In some cases, uneven distribution of mines across the globe induced authorities to adopt alternative means of payment, such as chocolate, cowries, rice, beans, textiles, and numerous other monetized objects. These choices influenced social, political, and trade relations, leading to diverse monetary arrangements and various paths of economic development around the world. From the post-conference Proceedings: Given emphasis upon nineteenth-century topics at this 2016 California conference, organizers decided to meet initially for two days in San Francisco, a city founded in response to California’s post-1848 Gold Rush, yet propulsion of metropolitan San Francisco to global status depended upon post-1859 Comstock Lode silver discoveries in Nevada (as emphasized in conference presentations). The conference venue shifted on Day 3 eighty miles eastward to the School of International Studies, University of the Pacific, in Stockton, a deep-water port founded at the time of the California Gold Rush. A lecture at Lake Tahoe on Day 4 focused on provision of water from the Nevada-side of the Sierra Nevada Mountains – gravity fed eastward down into the Carson Valley – then pushed up to the Comstock Lode farther eastward during the 19 th century. The venue for Day 5 was historic Virginia City, Nevada, which is sinking due to its location directly atop a vast maze of mines shafts of the Comstock Lode, world dominant source of silver for decades. (There was also a side-visit to Sutro Tunnel, designed to drain wastewater from deep within Comstock Mines westward down into the Carson Valley.) An afternoon in Old Town Sacramento, historic port-city and railroad town through which Nevada silver was exported, highlighted the return trip to San Francisco on Day 6. It is hoped that in-person views of California/Nevada geological formations, challenging transportation routes, mines, coins, and environmental legacies have helped participants to visualize integrated systems that have historically linked – and continue to link – underground activities to diverse end-market destinations over thousands of years. For more information on DAMIN, see:
KENT POLICE SEIZE MEDIEVAL COINS IN RAID
We read a lot about the legal, above-board coin finds discovered by metal-detecting hobbyists throughout England. With the opportunity to
profit legally from their work, there's less incentive to go rogue. While the majority of detectorists are responsible, law-abiding
people, there are some who want the whole prize for themselves. David Pickup forwarded this article from Kent describing police
confiscation of medieval coins in an investigation into illegal metal-detecting operations. Thanks. -Editor
Historical artefacts have been seized from a house in Sittingbourne as part of a Kent Police investigation into illegal metal-detecting. Medieval coins dating back to the 13th century were among the items found at the property in Chalkwell Road, Sittingbourne, on Wednesday 25 May 2016. The warrant was the first in Kent to be carried out under Operation Chronos – a national campaign in conjunction with Historic England to tackle the practice of ‘nighthawking’. Enquiries are ongoing and no arrests have been made at this stage. Inspector Dave Smith of Kent Police’s Rural Task Force said: ‘Nighthawking is where people go onto farmland, archaeological sites and other areas of interest to find and steal coins and other treasure for their historical and financial value. ‘This practice permanently deprives the country of our heritage and is one we are keen to tackle shoulder-to-shoulder with Historic England, whose policing and crime advisor Mark Harrison we have close ties with. ‘Kent Police has joined other forces nationally to have commenced a heritage crime investigation under Operation Chronos, which I hope demonstrates how serious we take the issue.’ The Sittingbourne warrant was one of a number of activities carried out by Kent Police and partner agencies across the county on Wednesday 25 May 2016. To read the complete article, see:
THE BOOK BAZARRETHE AFGHANISTAN CAMPAIGN MEDAL
Greg Ruby published an article highlighting the Afghanistan Campaign Medal on May 30, 2016, in his blog The Fourth Garrideb -
Numismatics of Sherlock Holmes. The discussion was triggered from a comment by Holmes' assistant Dr. Watson in the story A
Study in Scarlet (STUD). Here's an excerpt; be sure to read the complete article online.
The article was originally published in the Spring 2016 issue of The Watsonian, Volume 4, Number 1. The Watsonian is the official publication of the John H Watson Society. -Editor “The campaign brought honours and promotion to many, but for me it had nothing but misfortune and disaster.” With that comment, within the first two hundred words of STUD, we are given a strong viewpoint of Dr Watson’s regarding his participation in the Second Anglo-Afghanistan War of 1878 – 1880. That said, Dr Watson was honoured, as were all surviving troops that took part in the skirmishes of that conflict, for service to Queen and country. Dr Watson wrote that, in 1878 after getting his Doctor of Medicine from the University of London, he underwent training, at Netley, for surgeons in the army and became attached to the Fifth Northumberland Fusiliers as an Assistant Surgeon. Before he could meet up with them in India, the Second Afghan War had broken out. Assuming that Dr Watson would join his fellow troops in early 1879, there is no mention of his participation in any military actions until he “served at the fatal battle of Maiwand.” Elliott Kimball, author of Dr John H Watson At Netley, theorizes that Watson began his studies at Netley in October 1879 and finished them in March of 1880. According to Kimball, Watson was travelling on the Continent for personal reasons from June 1878 until October 1879. Utilizing these dates could justify that Watson’s first military action was at Maiwand on July 27, 1880. Watson’s service in Afghanistan makes him eligible to receive the Afghanistan Medal, a 36mm round, silver medal (some examples are known in bronze), with a 33mm wide dark green ribbon with crimson on both edges. The medal hangs from a plain suspender that has a double toe claw to hold the medal. A left-facing bust of Queen Victoria is on the obverse (or front) of the medal. The legend of VICTORIA REGINA ET IMPERATRIX is around the border of the design. This profile of Victoria was designed by Joseph Boehm. The central design of the reverse (or back) of the medal features an elephant carrying a cannon, with soldiers, marching and on horseback Below this is the dates 1878-79-80. In the upper left, above the design, is the word AFGHANISTAN. This design was done by Randolph Caldecott, an illustrator of children’s books. The medal was engraved by Leonard Wyon of the British Royal Mint. To read the complete article, see:
THE YUNNAN RATION GOLD COIN
Chris Chatigny and Kyle Ponterio of Stack’s Bowers and Ponterio published a blog article June 2, 2016 about an interesting Chinese gold
coin. -Editor
For this week’s preview of our upcoming Stack’s Bowers and Ponterio August Hong Kong Showcase Auction we have a rare and historically significant gold coin from the Yunnan region of China. Shortly after Yuan Shih-kai proclaimed himself emperor of China in December 1915, military Governor of Yunnan Tang Jiyu announced the independence of Yunnan. During the National Protection War, Tang was an important leader of the army and after the death of Yuan Shih-kai in June of 1916 Tang emerged as a dominant military leader in southern China. Due to the rapid escalation of silver prices between 1916 and 1919 Yunnan exported large quantities of tin and had to take gold in exchange. Since the cost of the campaign against Yuan Shih-kai was enormous and the existing currencies were insufficient, Tang issued two different gold coins equal to $5 and $10 of silver to pay his soldiers. Since the price of gold was comparatively higher than that of silver the weight of these pieces was slightly reduced. It is said that Tang gave up his private gold holdings in order to mint these new coins, presumably from his profits from smuggling opium into China. The significance of this coin lies in its rank amongst the rarest of circulating Chinese gold coinage. This coin features a relatively simple uniface design consisting of a vertical central legend stating: “Equivalent of Silver Dollars Five” flanked by five-pellet rosettes. This significant gold coin is sure to attract incredible attention from devotees of Chinese numismatics. To read the complete article, see:
ROYAL MINT STRIKES GOLD KICK-OFF COIN
Americans should be reminded that their version of football isn't the only world sport to employ a coin toss. -Editor
A gold coin struck by Bobby Moore's widow will decide whether England get the kick-off in their last game before Euro 2016. The Royal Mint has made a special £5 coin marking 50 years since England's 1966 World Cup win. As well as bearing the Three Lions emblem, it also features the Jules Rimet Trophy - which was famously held aloft by Moore after the 4-2 Wembley win over West Germany. A donation from each coin purchased will be made to the Bobby Moore Fund, which supports Cancer Research's pioneering research into bowel cancer. The late West Ham favourite's widow Stephanie visited the Royal Mint in south Wales this week to strike one of the coins, which will take centre stage in the official coin toss in the friendly match between England and Portugal on Thursday evening. She said: "I am delighted to have been invited to The Royal Mint to strike the official FA £5 coin to celebrate the 50th anniversary of England winning the World Cup. The Football Association's chief executive Martin Glenn said the coin was a brilliant way of marking the half century since England won the World Cup on home turf in front of 96,000 fans. He said: "It's fantastic not only just because it honours Bobby Moore, but also because it features Her Majesty the Queen, now in her 90th year, who is Patron of The FA - and who presented Bobby Moore with the Jules Rimet World Cup trophy on that famous afternoon in July 1966." The limited edition coin, which will not go into general circulation, is available in either 22 carat gold or 925 sterling silver.
The coin is officially known as the "1966 FIFA World Cup £5 Gold Proof Coin". Here are images from the Royal Mint site. -Editor
In the U.S. these coins are made by private minters - the U.S. Mint has yet to get into this business. -Editor
To read the complete article, see:
For more information, or to order, see:
To read an earlier E-Sylum article, see:
MORE CHOPMARKS ON MODERN U.S. PAPER MONEYA web site visitor writes: My name is Valerie and I am from Puerto Rico I find very interesting all that is related to chopmarks. I have been taking picture of many that I find while at work.
We've discussed these earlier. As Joe Boling wrote, "They are used so that a moneychanger does not have to study a note closely,
if it already has his chop showing that he did that before. Sure, they could be forged, but the original user would be quite likely to
detect that easily - it's not likely to be a perfect match for the stamp he has on his desk."
Valerie provided several images of chopmarks. Thanks! This is an interesting contemporary numismatic topic, and no reference work that we're aware of has yet been created. -Editor To read the earlier E-Sylum article, see:
MILITARY MONEY FROM TNE 2016 VALKENBURG FAIR
MPC Gram is an email newsletter for collectors of Military Payment Certificates and many other military collectibles. Editor Roger
Urce published a piece in the Spring 2016 issue on his recent trip to the Valkenburg fair in Amsterdam. With permission, here are some
selected notes (and accompanying text) from his article. -Editor
My first stop was with UK dealer Ian Gradon where I found a nice example of a Thai 20 baht (P41) from the so called Map Series issued under Japanese intervention. Another walk took me to Ian Marshall’s table where he had some French lottery tickets, issued to aid prisoners and their families. They are quite colorful as you see. When I returned to the table I met with British dealer Simon Narbeth who showed me a Fanning Island note. This example was complete and which had a stamp on the back which read: “FANNING ISLAND PLANTATIONS LTD”. Handwritten in red was the word “Negotiable” and it was signed by what appears to be R.G. Garrett. I do not have a whole Fanning Island note, only two different halves, and would have loved to add this one to the other two pieces. Alas, the budget got in the way again and I had to pass. Simon did permit me to photograph the note so I guess I have to be happy with the pictures. The serial number, by the way, is not recorded in SB. It is only in Valkenburg that I see Australian dealer Trevor Wilkin and he always has a nice selection of military notes. I’m not always in a position to buy some, but on this trip, two pieces came my way. The first is a 100 franc Marianne piece (Caisse Centrale de la France Libre) with no overprint. The note is identified as SB 1184 making it an issue for French Equatorial Africa. To read the complete issue, see:
STACKS-BOWERS TO AUCTION MAJOR MPC COLLECTION
The MPC Gram is an email newsletter for collectors of Military Payment Certificates and other military money. In the issue
published June 2, 2016, Fred Schwan reports on a major collection of MPC coming to auction this summer. Here's an excerpt. -Editor
At the World's Fair of Money (also known as the ANA convention) in Anaheim, Stacks-Bowers Auctions will sell a most remarkable MPC collection. The collection includes regular issue certificates, replacements, and specimens. That seems to cover every category--but it does not. It includes a category that we never before considered! Here are some highlights in each of the categories. Regular issues: Series 481 $5 apparent fourth printing. Until now collector Dick Freyser was the only one to have one of these notes. It has a serial number that exceeda that of third printings and also has the characteristics of the fourth printing. Replacements: there are many great replacements in the collection. I will tell you about two. The first is an amazing uncirculated Series 471 $5! Yes, we are talking about replacements here. Indeed, this $5 is part of a full set of Series 471 replacements! Even if you do not collect MPC by printing, you probably know that Series 521 $5 certificates from the second printing are rare. Heck, only 800,000 regular issue certificates were printed. Only a few are known in collections. Well the piece in this collection is a nice uncirculated second printing replacement--the first such reported (by printing). Specimens: If you liked the above, you will be amazed at the specimens. They are the strength of the collection. The collection includes specimens in several formats. There are a few partial sets. There are a few double sets--that is cojoined pairs of specimens. Interestingly there is only one specimen set of the classic format with which we are familiar--one specimen of each denomination in a booklet. In this case it is a Series 692 set. The collection includes two formats of specimens that have not been previously reported. The first is a set of Series 521 with zero serial numbers but no prefixes or suffixes. The other is a Series 591 set with zeros and SPECIMEN hand stamped on each note. Both of these sets are loose (not in booklets). The PCS book in this collection is of Series 701! Furthermore, it is a complete set of Series 701. Yes, it includes the fractional denominations! This would represent the first opportunity that collectors have ever had to obtain a fractional note or set for a collection, except that I deceived you. Among the specimen sets described above is a full specimen set of Series 701 complete with fractional denominations! After you get over the shock of this announcement, you will want to know whence came this collection. We do not have detailed information except that it came from a former government employee. I do not know if the person was military or civilian, but he or she received the bulk of the collection as a departing gift upon retirement. The collection was consigned to Stacks-Bowers by an heir after the death of the retiree. I do not know if more details will ever be available. The auction catalog is certain to be a beauty. It is likely that collectors will be talking about this auction and referring to this catalog for a very long time. To read the complete article, see:
MORE ON COLLECTING ZERO RUPEE NOTES
In recent issues we discussed the Zero Rupee anti-corruption notes in use by activists in India. Some have wondered how to acquire
examples of these notes for their collections. Reader Kavan Ratnatunga of Sri Lanka notes that some are for sale on the web site of
dealer Joel Anderson. Here are images and text from the site. -Editor
Zero Rupee Anti-Corruption Note 2009 India 50 Rupees Banknote Bribes, graft and corruption has been is a major issue in India. Citizens are tired of having to pay bribes to government officials in order for them to do their job. Recently a number of anti-corruption groups have been rising up throughout the country. One of these groups, called 5th Pillar, issued these Zero Rupee anti-corruption notes. The front of the note is modeled after the 50 Rupee note, which is often used for small bribes. The back provides information about the organization and its goals in Hindi and English. The idea is to embarrass government officials that ask for bribes by giving them one of these anti-corruption notes. The notes have been distributed throughout India and the program appears to be getting some positive results. It has won international acclaim and is spawning imitators in other nations with a problem with corruption. We offer both the Zero Rupee note and the real 50 Rupee note upon which it was modeled. Both feature Mahatma Gandhi.
The 50 Rupee note was sold out when i checked the site, but I've shown both images here for comparison. -Editor
For more information, or to order, see:
To read the earlier E-Sylum articles, see:
SWEDEN LEADS RACE TO CASHLESS SOCIETY
David Sundman forwarded this Guardian article about Sweden's rush toward becoming a fully cashless society. -Editor
In 1661, Stockholms Banco, the precursor to the Swedish central bank, issued Europe’s first banknotes, on thick watermarked paper bearing the bank’s seal and eight handwritten signatures. Last year – as Britain did last week – Sweden launched a new series of notes, cheery affairs featuring 20th-century Swedish cultural giants such as Astrid Lindgren, the creator of Pippi Longstocking, Greta Garbo and filmmaker Ingmar Bergman. But like its Nordic neighbours Norway, Denmark and Finland, Sweden is fast becoming an almost entirely cashless society. “I don’t use cash any more, for anything,” said Louise Henriksson, 26, a teaching assistant. “You just don’t need it. Shops don’t want it; lots of banks don’t even have it. Even for a candy bar or a paper, you use a card or phone.” Swedish buses have not taken cash for years, it is impossible to buy a ticket on the Stockholm metro with cash, retailers are legally entitled to refuse coins and notes, and street vendors – and even churches – increasingly prefer card or phone payments. According to central bank the Riksbank, cash transactions made up barely 2% of the value of all payments made in Sweden last year – a figure some see dropping to 0.5% by 2020. In shops, cash is now used for barely 20% of transactions, half the number five years ago, and way below the global average of 75%. And astonishingly, about 900 of Sweden’s 1,600 bank branches no longer keep cash on hand or take cash deposits – and many, especially in rural areas, no longer have ATMs. Circulation of Swedish krona has fallen from around 106bn in 2009 to 80bn last year. “I think, in practice, Sweden will pretty much be a cashless society within about five years,” said Niklas Arvidsson, an associate professor specialising in payment systems innovation at Stockholm’s Royal Institute of Technology (KTH). Arvidsson argues that the country’s head start in the field began in the 1960s, when banks persuaded employers and workers to use digital bank transfers for wages as a matter of course, with credit and debit cards receiving a boost in the 1990s when Sweden’s banks started charging for cheques. Cards are now the main form of payment: according to Visa, Swedes use them more than three times as often as the average European, making an average of 207 payments per card in 2015. More recently, mobile phone apps have also taken off in spectacular fashion. Even Swedish churches have adapted, displaying their phone numbers at the end of each service and asking parishioners to use Swish to drop their contribution into the virtual Sunday collection. One Stockholm church said last year only 15% of its donations were in cash; the remainder were all by phone. There are, obviously, concerns: cases of electronic fraud have more than doubled in the past decade and several critics – including the inventor of iZettle, Jacob de Greer – have asked whether an entirely electronic system in which every single payment is recorded is not a threat to privacy. For these and other social reasons, Arvidsson said, cash is not dead quite yet. “Even if, in the next few years, Swedes use almost no cash at all, going 100% cashless needs a political decision,” he said.“The idea of cash, even in Sweden, remains very strong.” To read the complete article, see:
MIRROR-FILLED BOOKSTORE SEEMS NEVER-ENDING
From the died-and-gone-to-heaven-department: Bibliophiles should enjoy this new bookstore in China designed so the spaces seem infinite.
See the complete article online - it's amazing, -Editor
A new bookstore has recently opened in Hangzhou, China, and the inside is kind of amazing to see. The store is located just above the main plaza, within the commercial center of Star Avenue, in the Binjiang District, and adjacent to Qiantang River. The bookstore, designed by XL-MUSE, has been designed so the spaces seem huge and never-ending.
To read the complete article, see:
FEATURED WEB PAGE: COINS OF THOMAS SPENCEThis week's Featured Web Page is on The Propaganda Coins of Thomas Spence and his Contemporaries, on the site of the Fitzwilliam Museum numismatic department.At various points in British history the supply of official money issued by the state has become sufficiently scant that unofficial coinage has entered circulation. This has applied especially to small-value coins, in whose manufacture there is little profit for the state and which the government does not need for its own expenditure. For the common working man, however, the absence of lesser denominations made simple transactions very difficult. For example, if he was paid fifteen silver shillings a week, but wished to buy bread worth three halfpence, his coins were each worth much more, and the shopkeeper would not easily be able to refund the difference as change. Particular periods of such change shortage were the years around the English Civil War and the French Revolutionary and Napoleonic Wars, and both generated a substantial 'token' coinage of lesser denominations to supply the want, which are now highly collectable and of great historical interest. www.fitzmuseum.cam.ac.uk/dept/coins/
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