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V4 2001 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 4, Number 48, November 25, 2001, Article 10 NUMISMATIC SCRAPBOOK DEMISE Tom DeLorey writes: "Russ Rulau referred to the demise of the Numismatic Scrapbook Magazine as the "Crime of '74." It actually ceased publication with the February, 1976 issue. Cause of death? Cost accounting. Amos Press published NSM and "World Coins" using the same staff and printing equipment. World Coins was losing money, so the accountants said kill it. That, of course, shifted the entire overhead onto NSM, which under that circumstance would be losing money instead of showing a profit (for the first time in years) as it had done under Executive Editor David T. Alexander. The crazy thing was, NSM was showing a greater net profit than World Coins' net loss, but the bean counters said kill them both." Fred Reed adds: "Actually, Amos Press announced they were folding the content of NSM into Coin World by offering a Numismatic Scrapbook Section of the newspaper once a month. Jay Guren and I were named co-editors and we limped along presenting feature material in that format for a year or so before the project petered out."

Wayne Homren, Editor

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