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V26 2023 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 26, Number 41, October 8, 2023, Article 31

LOOSE CHANGE: OCTOBER 8, 2023

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

1926 China Tientsin Mint Pu Yi Wedding Type 20 Cents

Here's a more harmonious example of a dealer discovering a seller's treasure. -Editor

  1926 China Tientsin Mint 20 cents obverse 1926 China Tientsin Mint 20 cents reverse

Several times a week the Boston Gallery gets calls regarding world coins that people inherited from parents or grandparents acquired during travels in the past. Usually these accumulations comprise demonetized coinage often commonly traded as world poundage in the industry. There are a few instances when some silver coins are picked out of the lots. And then there was this exception.

A few weeks ago, a woman called and stated that she and her siblings inherited an accumulation of world coins and inquired if we would give her a valuation and an offer to purchase the coins. We scheduled an appointment to review her coins and give her an offer to purchase. When she came in, we found the collection to be better than the average accumulation of world coins that comes through the gallery. It contained many common silver coins circulated in different parts of the world and, hidden among them was a high-grade silver coin from China.

I informed the woman that she has a China, Year 15 (1926) Tientsin Mint Pu Yi Wedding Type 20 cents in high-quality condition and recommended she consign it to one of our signature auctions. This is a popular China type coin among collectors because it features the old emblem of China (the Twelve Symbol national emblem from 1912 to 1928) consisting of a dragon and a phoenix (or a peacock) holding sacrificial cups over an axe head on the obverse. The reverse features the value in Chinese within a wreath with the year and fractional denomination of the coin written in Chinese. The woman agreed with my recommendation of grading this coin and then selling it in one of our auctions. This coin was submitted to PCGS for grading and received a Mint State 62 designation. It is featured as lot 32433 in our October 2023 Hong Kong Auction.

To read the complete lot description, see:
CHINA. 20 Cents, Year 15 (1926). Tientsin Mint. PCGS MS-62. (https://auctions.stacksbowers.com/lots/view/3-15CTLW/china-20-cents-year-15-1926-tientsin-mint-pcgs-ms-62)

To read the complete article, see:
IT ONLY TAKES ONE… (https://stacksbowers.com/it-only-takes-one/)

Finding the Right Coin Dealer

As the previous articles show, working with a dealer is as important as ever. Andrew Crellin of Sterling & Currency published an article on the topic this week - here's the introduction from his October 2023 email newsletter. -Editor

AI-generated coin shop photo

Australia's numismatic market has changed significantly over the three decades I've been involved in it - with the advent of eBay; Gumtree and the multitude of collector pages on social media websites, many collectors have the option of never needing to talk to a rare coin dealer. It won't surprise you at all if I say that coin dealers like myself still have a role to play in numismatics in 2023 - this article explains what it is. If you're thinking that the images included in it look a little bit screwy, that's because they were created with an AI tool...

To read the complete article, see:
How to Find the Right Coin Dealer for Your Collection (https://www.sterlingcurrency.com.au/coindealer)

The Messy McDonald's Customer

A Florida man was arrested at a McDonald's for counterfeiting. -Editor

A messy McDonald's patron ended up in handcuffs after he littered the floor around his table with $100 bills, according to the Collier County Sheriff's Office.

It happened Sept. 27 at a McDonald's in Naples before restaurant staff called the cops, officials said in a news release. Naples is about 170 miles south of Tampa.

Around 1:35 p.m. (a man) ordered a meal ... and paid for it with a fake $100 bill. Recognizing the money was fake, workers returned it to (him) and took back the meal, officials said.

Detectives responded and ... found multiple counterfeit bills and washed dollar bills in (his) pockets and on the floor under his table in the restaurant.

To read the complete article, see:
Messy McDonald's customer left floor littered with $100 bills, Florida cops say (https://news.yahoo.com/messy-mcdonald-customer-left-floor-112447423.html)

Bowers on Collecting: Hobby versus Industry

Well, it sure feels like an industry today, but behind all the business and money surrounding numismatics today, at its heart is a basic collecting interest found in all of us who enjoy the hobby. Here's a recently republished Dave Bowers column on the topic, opening with a quote from Joe Boling. -Editor

"Thank you for using the word HOBBY in the title of your June 19 Coin World column, instead of INDUSTRY. I detest the use of the latter word in conjunction with numismatics."

The other day, I received a telephone call from an industrialist—he owns a factory in the Midwest—who had just entered coin collecting. The first thing he bought—and this was from a local coin shop—was a like-new 1943 zinc-coated steel cent for $4. He thought this was the greatest thing since sliced bread and was enthusiastic that such a low price could net him such a historical item. He was and is set to enjoy the hobby of coins.

  1943-d-steel-lincoln

To read the complete article, see:
Bowers on Collecting: hobby versus industry (https://news.coinupdate.com/bowers-on-collecting-hobby-versus-industry/)



Wayne Homren, Editor

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