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The Numismatic Bibliomania Society is a non-profit association devoted to the study and enjoyment of numismatic literature. For more information please see our web site at coinbooks.org

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To join, print the application and return it with your check to the address printed on the application. Print/Digital membership is $40 to addresses in the U.S., and $60 elsewhere. A digital-only membership is available for $25. For those without web access, write to:

Charles Heck, Treasurer
Numismatic Bibliomania Society
P. O. Box 2058,
Bluffton, SC
29910-2058

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To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

BUY THE BOOK BEFORE THE COIN

 

Content presented in The E-Sylum is not necessarily researched or independently fact-checked, and views expressed do not necessarily represent those of the Numismatic Bibliomania Society.

WAYNE'S WORDS: THE E-SYLUM JULY 2, 2023

Wayne Homren 2017-03-15 full We now have 8,084 subscribers.

If you're wondering why it's been a while since we published subscriber numbers, we were working through a glitch that occurred some time ago while our provider was upgrading their server. During the switchover hundreds of email addresses got dropped. It took a while, but these have now been restored. If you're receiving this today after a long absence, that's why. Welcome back!

Thank you for reading The E-Sylum. If you enjoy it, please send me the email addresses of friends you think may enjoy it as well and I'll send them a subscription. Contact me at whomren@gmail.com anytime regarding your subscription, or questions, comments or suggestions about our content.

This week we open with ANA convention updates, new numismatic literature offerings, two new books, two periodical issues, updates from the ANS, RNS, the Newman Numismatic Portal, and more.

Other topics this week include Andrea Fulvio's Illustrium imagines, Standing Liberty Quarters, exonumia dealers Christiansen and Stone, the first CAC slab, narrative relief, auction previews, a Roman military Medusa medal, Australia's first government banknotes, and the future of box breaks.

To learn more about National Commemorative Medals, Wampum belts, military money, the Clapp Family Collection, the Lhotka Prize, the World's Most Overdue Library Book, the Coin School, the Henry Medal, the Golden State Mint, Paymaster's Bills, Police Fund Notes, and the luckiest Chuck E. Cheese coin, read on. Have a great week, everyone!

Wayne Homren
Editor, The E-Sylum

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NBS BOOKBINDING DEMO: AWL

The Numismatic Bibliomania Society table at this summer's American Numismatic Association World's Fair of Money® will feature a special live bookbinding demonstration. Len Augsburger submitted this update. -Editor

Bookbinding at the ANA

Bookbinding vocabulary -awl Our book binding term of the week is awl. Everyone knows what an awl is, but how is it used in book binding? After a signature is assembled and folded in half, the binder uses the awl to punch a line of holes, typically space about an inch apart, along the fold mark. These holes will then be used for sewing the signature itself and for sewing the signatures to each other. Illustrated here is the interior of a signature, with punched holes. Our bookbinding demo at the ANA will be on Wednesday, August 9, at the NBS table.

Read more here

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ANA RAFFLE: AUTOGRAPHED CHERRYPICKERS' GUIDES

Whitman Publishing has announced a numismatic literature giveaway at this summer's ANA show. -Editor

Cherrypickers-Guide-6th-ed-volume-II_cover Whitman Publishing is launching the new sixth edition, volume II, of the Cherrypickers' Guide to Rare Die Varieties at the American Numismatic Association World's Fair of Money in Pittsburgh, August 8–12, 2023. A small quantity will be sold at the show, with a limit of one copy per customer. Ten copies will be raffled to lucky winners at the Whitman Publishing booth. After the show the new volume will be available from booksellers and retailers nationwide.

We know how frustrating it is to experience a sell-out when quantities are limited, said Whitman Publishing's Dawn Burbank. We want to make sure every collector at the ANA show has an equal chance to win the new Cherrypickers' Guide if they're not able to buy one. We're reserving ten copies to raffle during the show, two per day, Tuesday through Saturday.

The raffled books are dated and individually numbered, with bookplates autographed by author Bill Fivaz.

Read more here

SAMMUT NUMISMATIC LITERATURE JULY 2023

Kenny Sammut has added about 200 numismatic book listings on his eBay store. Here's a selection of current offerings. -Editor

  Private Gold Coinage of California National Commemorative Medals

Private Gold Coinage of California 1849-1855 by Edgar Adams

National Commemorative Medals of the United States of America by William Swoger

Read more here

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WORKMAN'S NUMISMATIC LITERATURE JULY 2, 2023

Alan Workman has also added new listings of numismatic literature. Here are some selections. -Editor

  Handbook of Biblical Numismatics Order of Bath and its Insignia

Wacks: The Handbook of Biblical Numismatics from Abraham to the Crusaders

James C. Risk: The History of the Order of Bath and its Insignia

Read more here

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NEW BOOK: ANDREA FULVIO'S ILLUSTRIUM IMAGINES

American Numismatic Society Francis D. Campbell Librarian David Hill alerted me to this new book on what is believed to be the first illustrated numismatic book, Andrea Fulvio's Illustrium imagines. Thank you! -Editor

Andrea Fulvio's Illustrium imagines and the Beginnings of Classical Archaeology

Andrea Fulvio's Illustrium imagines book cover Series: Brill's Studies on Art, Art History, and Intellectual History, Volume: 64

Author: Brian Madigan

Andrea Fulvio's Illustrium imagines and the Beginnings of Classical Archaeology is a study of the book recognized by contemporaries as the first attempt (1517) to publish artifacts from Classical Antiquity in the form of a chronology of portraits appearing on coins. By studying correspondences between the illustrated coins and genuine, ancient coins, Madigan parses Fulvio's methodology, showing how he attempted to exploit coins as historical documents. Situated within humanist literary and historical studies of ancient Rome, his numismatic project required visual artists closely to study and assimilate the conventions of ancient portraiture. The Illustrium imagines exemplifies the range and complexity of early modern responses to ancient artifacts.

Read more here

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NEW BOOK: LAKSHMI, BEARER OF RICHES

A new book has been published on the Indian Gold Coinage after the Tenth Century. -Editor

Lakshmi, Bearer of Riches book cover Lakshmi Bearer of Riches
Indian Gold Coinage after the Tenth Century

by John Deyell

IIRNS Publications LLP, 2022. Hard cover, 330 pages, well illustrated. NEW Copy.

After an absence of several hundred years, die-struck gold coins began to re-appear in North India in the eleventh century, following the introduction of punch-marked gold in South India in the tenth. All these issues had one point of unity: the figure of goddess Lakshmi, seated on a lotus (in the north) or her name, ‘Sri' (in the south). They became the dominant gold coins of most Rajput kingdoms, even being adopted by the early Turkish invaders.

This book explores the production, circulation and function of these coins, probes the question of who really minted them, and explores their economic and cultural functions in early medieval society.

A must-have book for collectors and students, this is the first major update of the gold coin listings of Living Without Silver (1990). Retaining the original catalogue numbers, it expands them to accommodate many new discoveries.

Read more here

ORIENTAL NUMISMATIC SOCIETY SUMMER 2023

The Summer 2023 issue of the Journal of the Oriental Numismatic Society has been published. Editor Dr. Paula Turner passed along this announcement. Thank you. -Editor

CONTENTS

Journal Oriental Numismatic Society Summer 2023 cover Editorial
Joe Cribb

Coins of Rustam Aq Qoyunlu countermarked in Varamin (Waramin)
Seyed Omid Mohammadi and Saeed Soleimani

Chinese influence in the former Dutch East Indies as evidenced by the use of cash-like coinage
T. D. Yih

The discovery of coins in Batu Bahara: The existence of Batu Bahara sultanate in 1745 AD?
Saparudin Barus

Qiaopi: a modern Chinese letter and remittance means of payment
Zhang Ruiqi

A find of coins and letters relating to H. W. Codrington
Barbara Mears

ONS news

Book review and notices

Read more here

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THE MEDAL SPRING 2023

Philip Attwood, editor of The Medal from the British Art Medal Society provided this information about the Spring 2023 issue. Thank you. -Editor

The Medal Spring 2023 cover THIS ISSUE of The Medal draws attention to two specific medals and two specific medallists. In doing so, it ranges from the seventeenth to the twenty- first century.

Dynastic marriages between princely houses are a recurring theme in European history, and many of them are recorded in medals. Rarely, however, can an alliance of this sort have been commemorated with a medal as intricate in its workmanship and rich in its symbolism as that devised by the German- born Sebastian Dadler for the marriage in 1642 of Prince William of Orange, the future stadtholder of the Netherlands, and Princess Mary, daughter of King Charles I of Great Britain. Using contemporary texts and Dutch prints, Gilman Parsons examines this medal in all its stunning complexity, his aim being to allow us to read the medal as it would have been understood at the time of its production.

A medal by one of France's greatest medallists, Eugène Oudiné, based on a painting by one of the country's greatest painters, Jean Auguste Dominique Ingres, is the subject of Tanya Szrajber's article. The painting, The Apotheosis of Napoleon I, no longer exists. Installed in the Hôtel de Ville, Paris's city hall, it was destroyed in 1871 during the tumultuous months of the Paris Commune. Accordingly, its appearance is known only through other works in various media in both two and three dimensions. Among these is Oudiné's medal, which itself exists in different forms. In her article Szrajber disentangles the available information to provide an account of how and when this medal came into being and thereby allowed Ingres's composition to live on in a form to which, as has previously been remarked, it was so admirable suited.

Read more here

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ANS LIBRARY ACQUIRES CLAPP FAMILY INVENTORY

In their July 2023 eNews, the ANS announced its acquisition -Editor

ANS Library Acquires Clapp Family Collection Inventory and Provenance Record

Clapp Family Collection Inventory ?Thanks to a generous gift given towards its purchase by ANS member Eric Krauss, the ANS Library has acquired a unique archival document detailing a major collection of U.S. gold and regular issue coins.

This previously unavailable bound inventory is the only complete record of the coins of J. M. Clapp (1835-1906) and his son John Clapp (1880-1940), whose collection was acquired intact by Louis Eliasberg in 1942. We are thrilled to have the opportunity to fill a gap in the provenance record by preserving this inventory and making it available for study.

Read more here

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RNS AWARDS 2022 LHOTKA MEMORIAL PRIZE

In another announcement from the July 2023 ANS eNews, the winner of the 2022 Lhotka Memorial Prize has been announced by the Royal Numismatic Society. -Editor

Yarrow Book Wins Royal Numismatic Society's Lhotka Prize

Yarrow Book Wins RNS Lhotka Prize The Roman Republic to 49 BCE: Using Coins as Sources by Prof. Liv Mariah Yarrow, Chair of Classics at Brooklyn College, has been awarded the 2022 Lhotka Memorial Prize by the Royal Numismatic Society. It is awarded to the author of the book or article in English considered most helpful to the elementary student of numismatics and published in the previous two calendar years. Yarrow's book is part of the Guides to the Coinage of the Ancient World series co-published by the ANS and Cambridge University Press with the purpose of integrating numismatic evidence—especially high-definition photos—into course materials communicating the history and archaeology of the ancient Mediterranean world.

Read more here

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HUGO JAN VAN REIJEN (1938-2023)

E-Sylum advertiser Steve submitted this note on the passing of Hugo Jan van Reijen. Thank you. -Editor

  Hugo Jan van Reijen February 2020

From right to left: Binod (Hugo's frequent travel companion, business director), Hugo van Reijen, me (Steve) & my Mom

Drs. Hugo Jan van Reijen, October 10, 1938 to June 27, 2023

When I was still dabbling in stamps, Hugo was the philatelic agent for many of the Dutch countries. Thirty years ago I went from retail numismatics to wholesale, and as he was buying up the contents of national banks, in Africa and around the world, Hugo was a great source.

Read more here

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NNP: THE 1976 LIBERTAS AMERICANA RESTRIKE

Newman Numismatic Portal Project Coordinator Len Augsburger provided the following report on the 1976 Libertas Americana medal restrike. -Editor

The 1976 Libertas Americana Restrike

The Libertas Americana medal is perhaps the most celebrated in the American series and is placed first in Whitman's 100 Greatest American Tokens and Medals. Although not approaching the number of restrikes of the Washington Before Boston medal, the Libertas has seen its share of copies. The most prominent among these was accomplished by the Paris Mint, in conjunction with First Coinvestors, Inc. in 1975. The massive 3 silver planchet, 0.925 fine, weighed 8.04 troy ounces and required at least six strikes to fully render the detail. Louis Sass, in the July 1990 Numismatist, noted a production of five trial strikes in copper, 500 pieces in silver (marketed at $250 each), and three examples in gold.

  1976 Libertas Americana Restrike

Read more here

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VIDEO: STANDING LIBERTY QUARTERS

The David Lisot Video Library on the Newman Numismatic Portal can be found at:
https://nnp.wustl.edu/library/multimediadetail/522852

We highlight one of his videos each week in The E-Sylum. Here's one from 2007 with Ray Herz speaking about Standing Liberty Quarters. -Editor

  Standing Liberty Quarters Ray Herz title card

Read more here

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PITTSBURGH ANTI-COUNTERFEITING SEMINAR

This press release describes the upcoming anti-counterfeiting seminar for law enforcement officials at the Pittsburgh ANA show. -Editor

ACEF logo To address the mass proliferation of counterfeits plaguing the U.S. marketplace, the Anti-Counterfeiting Educational Foundation (www.ACEFonline.org) in partnership with the U.S. Treasury Department and in cooperation with the American Numismatic Association will sponsor an accredited seminar for local, county, state, and federal law enforcement agencies.

Entitled, Counterfeit Coins, Precious Metals, Numismatic and Financial Crime Investigations, the eight-hour seminar will be conducted on Thursday, August 10, during the ANA 2023 Pittsburgh World's Fair of Money® in the David L. Lawrence Convention Center. Instructors for the seminar will be former Texas Police Chief Doug Davis, Director of the ACEF Anti-Counterfeiting Task Force, and Chris Hersey, Senior Special Agent in the Treasury Department's Office of the Inspector General.

Read more here

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CHRISTIANSEN AND STONE, AND OTHER WOMEN DEALERS

Phil Iversen writes:

"Regarding the articles on women in numismatics there were two ladies active on the California scene, Alva Christensen and Ethel Stone, doing business under the name Christensen and Stone, setting up at shows and having a number of mail bid sales over many years. "

Read more here

THE BOOK BAZARRE

OVER 500 NUMISMATIC TITLES: Wizard Coin Supply has over 500 numismatic titles in stock, competitively discounted, and available for immediate shipment. See our selection at www.WizardCoinSupply.com.

NOTES FROM E-SYLUM READERS: JULY 2, 2023

More on Larry Casey
E-Sylum advertiser Steve writes:

"Larry Casey was a great buddy and could be found at our office for days on end. He'd often help out at shows, and on weekends he'd hang out at the house, doing the odd construction/repair job or just talking notes or doing nothing on the lanai.

He was sweet and gentle, and I only saw him lose it once (mea culpa). Our condolences to his nephew, whom he often spoke about, also his sister and brother-in-law. He had a glimmer in his eyes and a voice that was un-mistakenly, Larry Casey."

To read the earlier E-Sylum article, see:
PASSINGS: ERWIN SCHäFFER, LARRY CASEY (https://www.coinbooks.org/v26/esylum_v26n26a13.html)

Other topics this week include the General Anthony Wayne Gold Medal, and the World's Most Overdue Library Book. -Editor

Read more here

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THE FIRST CAC SLAB OFF THE PRESS

John Feigenbaum of CDN Publishing recently visited the new CAC grading facility in Virginia Beach to report on the first official coin being slabbed there. With permission, we're republishing his Greysheet blog article here. -Editor

first official coin being slabbed at CAC grading Earlier this week I had the exclusive opportunity to witness the first official CAC slab being sealed and released for public viewing. A major thunderstorm was pounding outside but the real lightning was happening in the new CAC grading facility. Ours was the only news outlet available to attend this momentous event and I expect this moment will be an historic one in the history of numismatics, not to mention a seminal moment in the growth phase of the CAC company itself.

In slabbing its first coin in Virginia, CAC has effectively relocated its headquarters from Far Hills, NJ to Virginia Beach. The founder and president, John Albanese, personally plans to remain in New Jersey but will make a regular commute to his new southern HQ. The existing business of stickering of PCGS and NGC coins will still happen in New Jersey for an indefinite time.

Read more here

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VOCABULARY TERM: NARRATIVE RELIEF

Here's another entry from Dick Johnson's Encyclopedia of Coin and Medal Terminology. -Editor

Narrative Relief. The use of multiple figures and scenes of events in continuous sequence. Narrative relief, also called continuous relief, is much like a comic strip without panes. In medallic form narrative relief is called a register which employs multiple ground lines with the multiple designs crossing over a ground line or two.

Read more here

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THE COIN SCHOOL

E-Sylum Feature Writer and American Numismatic Biographies author Pete Smith submitted this question about The Coin School. -Editor

  The Coin School

Coin.School.Name.01 Most readers of The E-Sylum should be familiar with the American Numismatic Association Summer Seminar. It recently concluded after running during the weeks of June 17-22 and June 24-29. Some people who attend refer to it as Coin Camp.

Are any readers familiar with the Coin School? A photo shows the name Coin School on the bell tower above the door.

Read more here

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1794 CLAPP LARGE CENT RETURNED TO ANS

NBS Treasurer Chuck Heck is the author of Die States of 1794 United States Large Cents, and he recently helped repatriate a missing Clapp Collection Large Cent to the ANS. Nice work! -Editor

  Clapp Large Cent Returned to ANS

A 1794 (S-24) U.S. large cent has been returned to the American Numismatic Society (ANS) by the Husak family after they realized that the coin in the family's Liberty Cap Foundation Collection had been stolen from the ANS decades ago. The coin was originally part of the George H. Clapp Collection of U.S. large cents, one of the greatest of such collections ever created, which was donated to the American Numismatic Society in 1946.

Read more here

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STEPHEN ALBUM INTERNET AUCTION 21

Here's the announcement for the July 2023 internet auction from Stephen Album Rare Coins. -Editor

SARC Internet Sale 21 cover Stephen Album Rare Coins will hold its Internet Auction 21 on July 10-11, 2023. The auction is made up of exactly 2200 lots of Ancient, Islamic, Indian, Chinese, and World Coins.

The sale includes additional items from collections that were consigned to the firm's May 2023 Auction 46. Notable sections of interest include The Butalia Collection of Sikh Empire Coins (Part 2), some single lots and group lots of Ottoman countermarked coins from the Hans Wilski Collection, as well as a varied assortment of medieval Islamic gold coins. One additional internet auction will take place in August before the firm offers up its next premier auction in September.

Some highlights from the July sale follow:

Read more here

NUMISMATIC NUGGETS: JULY 2, 2023

Here's a selection of interesting or unusual items I came across in the marketplace this week. Tell us what you think of some of these. -Editor

1549 Edward VI Half-sovereign

1549 Edward VI  Half-sovereign

Edward VI (1547-53), Second period, January 1549 – April 1550, Half-sovereign, Tower mint, mintmark arrow (1549), uncrowned bust right, rosette stops, legend surrounds, SCVTUM FIDEI PROTEGET EVM. Rev, crowned quartered garnished shield of arms, E and R flanking either side all within inner linear beaded circle. Legend reads EDWARD VI DG AGL FRA Z HIB REX, 5.32 (S.2435; N.1908; Schneider 670 variation with rev stops). Light reddish toning complimenting the intrinsic Gold, an underlying mint bloom also visible. Portrait pleasing, with clear fields both sides. Good very fine, rare.

From the Baldwin's upcoming auction. -Editor

To read the complete lot description, see:
Edward VI (1547-53), Second period, January 1549 – April 1550, Half-sovereign, Tower mint, mintmark arrow (1549), uncrowned (https://thestrand.com/auctions/calendar/list#/lots/db133e45-ed71-4b3a-a065-07ead807c2f2)

Other topics this week include the Henry Medal, and the Golden State Mint -Editor

Read more here

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DISAPPOINTING HEIRS OF GREAT RULERS

A CoinWeek Ancient Coin Series by Mike Markowitz looks at the coins of "great and wise rulers who fathered heirs who were monsters or idiots." Interesting topic! Here's an excerpt - see the complete article online for more. -Editor

HISTORY IS LITTERED with great and wise rulers who fathered heirs who were monsters or idiots: sons who just plain turned out wrong. The coins of these rulers illustrate these stories, perhaps offering us some insight into how such good fathers raised such bad sons.

Germanicus and Caligula

  Germanicus_AE_Rome

Read more here

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ROMAN MILITARY MEDUSA MEDAL FOUND

Ed Hohertz passed along this article about the find of an interesting silver Roman military medal picturing Medusa. Thanks. -Editor

  Roman military medal picturing Medusa

A nearly 1,800-year-old silver military medal featuring the snake-covered head of Medusa has been unearthed in what was once the northern edge of the Roman Empire.

Excavators discovered the winged gorgon on June 6 at the English archaeological site of Vindolanda, a Roman auxiliary fort that was built in the late first century, a few decades before Hadrian's Wall was constructed in A.D. 122 to defend the empire against the Picts and the Scots.

Read more here

THE BOOK BAZARRE

A GUIDE BOOK OF MORGAN SILVER DOLLARS —The 7th edition of the perennial best-seller is now available, expanded to 336 pages. Q. David Bowers has updated the book with a thorough market analysis for each date and mint, coin values in multiple grades, certification data, more and larger illustrations, new image galleries, updated appendices, and more. Order your copy online at Whitman.com , or call 1-800-546-2995.

ON THE IN GOD WE TRUST MOTTO

The Collector is a website with "Daily Articles on Ancient History, Philosophy, Art & Artists by Leading Authors Trusted by Scholars, Classrooms & Enthusiasts." A recent article summarizes the history of the motto In God We Trust on coinage. Here's an excerpt - see the complete article online. -Editor

  teddy-roosevelt-in-god-we-trust

Inscriptions referencing the American belief in God began to appear on US coinage as early as colonial times. The foundation of the nation was ultimately built on the belief in God, as most of the first English to permanently settle in North America were Puritans, Anglicans, and Quakers, among other Christian denominations. When President Theodore Roosevelt was elected into office in 1904, he decided to remove the inscription In God We Trust from American coinage. He thought that putting this motto on the coins was atrocious. Roosevelt received a great deal of backlash for his rejection of the nation's motto on coinage, which led to new legislation requiring the motto to be inscribed on certain coins.

Read more here

Archives International Sale 86 cover front
 

WELSH MINING TOKENS AS PROTO-CRYPTO

Ths article frames 18th century British tokens as forerunners of cryptocurrency. -Editor

  1788 Anglesey mines token

[W]hile cryptocurrencies get a lot of attention today, in some ways they are not a revolutionary concept. Hundreds of years ago, workers in Wales were often paid with alternative currencies instead of money.

These currencies were physical tokens that represented and were linked to the value of real money. Many cryptocurrencies work in a similar way, acting as digital tokens that represent a ledger of financial assets (this is known as tokenisation).

Digital currencies are also not reliant on any central authority, such as a government or bank, to uphold or maintain their network of exchange. Again, this is similar to how physical tokens were used by Welsh mining companies.

Read more here

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TONOPAH TOWN FOUNDER (AND HIS DONKEY)

For those interested in precious metals and mining history, here's an article about the Nevada mining town of Tonopah and a silver piece commemorating its founding. -Editor

Tonopah Mining Park historical site Nevada's biggest silver deposits were discovered well over a century ago: the Comstock Lode, discovered around 1860 and then the Tonopah District discovery of the 1900s.

Nevada became a state as a result of the Comstock – the silver paid for the Civil War and the winning of the Union, said Bill Howard, executive chairman of Blackrock Silver during a June site visit. It's often said that if Comstock made Nevada, the Tonopah silver deposits were what paid for keeping Nevada a state. That's why we're called the ‘Silver State.'

Read more here

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AUSTRALIA'S EARLIEST GOVERNMENT NOTES

Andrew Crellin of Sterling & Currency published a recent blog article on Australia's earliest government-issued notes. With permission, here's an excerpt - see the complete article online. NOTE: NSW is New South Wales. -Editor

Australia Police Fund notes Over the years I've seen several of the notes issued by the NSW Colonial Police Fund - judging by the prices they realised at auction, I could see they were rare and highly prized, but I never really appreciated their importance until recently.

These notes are so early in Australia's settled history that very little has been written about them. They fall outside the scope of our standard guides to Australian coins and notes, yet they were essential to the foundation of our national economy. They are so important, they should be understood and acknowledged for what they are - the first official banknotes to be used on our continent.

The question I had about the NSW Colonial Police Fund notes was - are these the earliest known notes issued by a government body on Australia's shores? If they weren't, what was?

Read more here

LOOSE CHANGE: JULY 2, 2023

Here are some additional items in the media this week that may be of interest. -Editor

Why You Should Learn to Grade for Yourself

Last week Alan Weinberg made the case for every collector learning to grade for themselves rather than relying only on the opinions of third-party graders. Here's a Numismatic News article by Mike Thorne on "Why You Should Learn to Grade for Yourself". -Editor

In the history of the numismatic market, one of the main topics has always been coin grading. Defined as a label to describe the condition of the coin, a coin's grade is inseparably intertwined with its value. Coins of the same rarity with lower grades are worth less than coins that qualify for higher grades.

Although it's hard to believe, back before the beginning of the major grading services (ANACS, NGC, PCGS), coins at a coin show were typically found in 2x2 holders or 2x2 brown paper envelopes with the dealer's grade plainly marked on the holder. This was a grade that used adjectives to describe it such as Very Good or Very Fine or Gem Uncirculated. Sometimes pluses were added if the dealer thought the coin was particularly nice for the grade.

Some dealers applied grades that could best be described as optimistic. That is, the coin in reality might be a grade or two (or more) below the grade indicated on the holder. In addition, many coins had serious problems (cleaning, damage, whizzing) not described on the holder.

But how do you go about learning to grade? Cited in the ANA's Grading Standards for United States Coins, Ken Bressett of Red Book (Guide Book of United States Coins) fame listed four things needed to learn how to grade coins: (1) a good magnifying glass, (2) a good light, (3) a good memory, and (4) 20 years of experience. In other words, you're not going to teach yourself how to be an accurate grader overnight. You're going to have to look at coins in different grades, study and remember their characteristics, and read all you can about the grading process.

To read the complete article, see:
Why You Should Learn to Grade for Yourself (https://www.numismaticnews.net/collecting-101/why-you-should-learn-to-grade-for-yourself)

To read the earlier E-Sylum article, see:
NOTES FROM E-SYLUM READERS: JUNE 25, 2023 : How to Learn to Grade Coins (https://www.coinbooks.org/v26/esylum_v26n26a10.html)

Other topics this week include Prigozhin's Rubles, the Post-Piggy Bank World, and Dame Shirley Bassey's new coin. -Editor

Read more here

THE WORLD'S GREATEST ART THIEF

While not numismatic, this GQ story of a brazen art thief is every museum's worst nightmare. And instead of being called an art thief, Breitwieser prefers to be thought of as an art collector with an unorthodox acquisition style. -Editor

The Art Thief book cover Among the many mysteries that the author Michael Finkel hoped to untangle when he first began interviewing the world's most prolific art thief was the matter of logistics. How did Stéphane Breitwieser do it? How did he manage to slip more than 300 works of art out of museums and cathedrals all across Europe, amassing a secret collection worth as much as $2 billion? And how did he do it all during daylight hours, as museum-goers and security guards often mingled nearby?

Finkel first introduced GQ readers to Breitwieser in 2019, in his story The Secrets of the World's Greatest Art Thief. Since then, Breitwieser was arrested for stealing art once more, and when he faced trial earlier this year, Finkel was in the courtroom. Now, as his new book arrives—a full 11 years after he first began pursuing the story—Finkel discusses how he reported it, why Breitwieser is so unique among criminals, and what it feels like to visit a museum with one of history's most spectacular art thieves in tow.

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THE RISE AND FUTURE OF BOX BREAKS

Earlier this year we discussed the "box break" gambling angle in numismatics: "a new and exciting way to collect coins.... VaultBox was inspired by the thrill of opening sports and trading card packs, and the excitement of chasing the biggest hits." This ESPN article explores "the controversial rise and uncertain future of box breaks" in the sports card realm. -Editor

  breaking open boxes of sports cards
Is it gambling? Is it just good fun? Both?

On that day in 2019, box breaking was still in its toddler stages as the biggest accelerant on what has become a booming, roller-coaster, billion-dollar sports card business. At that time, box breaking was nibbling at the corners of the hobby. Four years later -- at least partially because of what is about to happen in that room with Rich Layton -- box breaking has swallowed up the hobby whole. It's such a big business that using the word "hobby" at all anymore feels a little silly.

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