The Fall 2025 issue of The Clarion from the Pennsylvania Association of Numismatists (PAN) has been published, as the group readies itself for their upcoming fall show. I expect to attend, and hope to see many E-Sylum readers there as well.
-Editor
Table of Contents
President's Message
Editor's Desk
Using a great design again, and again—the Buffalo nickel
by Mark Benvenuto
The Libertas Americana medal
by Malcolm Johnson
The ICE Man—Accumulator?
by Rob Throckmorton
A quick guide to Civil War coinage
by Matt Campbell
Counterstamps: Window into the past
by Greg Bennick
The great gold heist of 1933: A lesson in power and pretext
by Blaine Schiff
Fall Show schedule
The 1930 Buffalo nickel—good value?
by Andy Wedding
The commoditization of coins
by Matt Campbell
PAN KidZone flyer and auction lots
PAN News
PAN Member Club News
Here are editor Matt Campbell's notes on the issue.
-Editor
From the Editor's Desk
With the fall issue of The Clarion,
I'll have been editor for two years.
This issue, with the most articles
from many talented writers, is the
best yet. Everyone who contributes to the magazine had extra
motivation, as The Clarion was
recognized by the American Numismatic Association at the 2025 World's Fair of Money
with the 2024 Barbara J Gregory Outstanding Regional
Publication award. The Clarion took first place, building
on awards received during Richard Jewell's editorship
(see page 38). The ANA considers publications on a variety of factors, and we always strive to present informative,
inspiring, and useful articles to get that simmering passion
for numismatics boiling. I hope reading The Clarion gives
you ideas and motivation, and arms you with the information to assemble a fine collection affordably. That's an
edifying combination. Thanks to 2024's contributors: Harry Waterson, Mark Benvenuto, Brett Irick, Pat McBride,
Malcolm Johnson, Michael Hicks, Paul and Loretta
Schultz, Greg Magee, Scott Schechter, and Patrick Hipple.
In this issue, PAN member Rob Throckmorton contributes "The ICE Man—Accumulator?" In this enjoyable piece,
he distinguishes between a thoughtfully assembled collection and a hodgepodge accumulation of stuff. Both are virtuous in their own way, and Rob is always refreshing—he
should be dubbed "The Joyful Collector." On the opposite
end, I explore numismatic Big Business in "The commoditization of coins." Ultimately, our beloved classic coins are
too unique to be widgetized for investment funds.
Longtime contributor Mark Benvenuto writes about
James Earle Fraser and the iconic Buffalo nickel design in
"Using a great design again, and again—the Buffalo nick
el." It's wonderful to see the designs of classic coins be resurrected on modern gold or silver coins, where the artists'
designs can be rendered in a proof strike. Andy Wedding
from GreatCollections coincidentally picks out a Buffalo in
"The 1930 Buffalo nickel—good value?" He highlights a
superb sample with a strike from an early die state and
contrasts it with another example from a later die state.
In a similar vein to Mark's piece about the various incarnations of the Buffalo nickel design, Malcolm Johnson explores an iconic piece in "The Libertas Americana medal."
While few collectors can obtain an original strike, Malcolm
shows us there's opportunity to include this design in our
collections through restrikes.
I also kicked off a practical series with "A quick guide to
Civil War Coinage." People often like to collect coins from
certain historical events, and this article simply lays out
the dates to look for to assemble a set most affordably and
bypass tougher dates. In a future issue, I'll look at 1812.
PAN life member and assistant bourse chairman Blaine
Schiff shows us while the singer may change, the tune
stays the same in "The great gold heist of 1933: A lesson in
power and pretext." And, Greg Bennick writes about
counterstamped coins, an ingenious method of free advertising, in "Counterstamps: Window to the past." He will
be a guest lecturer at the PAN show Friday, October 17.
A theme that emerged across numerous articles this issue concerns strike of circulation coins. The US Mint has
always been a factory with production targets to meet. Often, the Mint used worn dies, or struck coins with less
pressure to extend the life of dies, creating coins with
mushy detail. Three walking liberty halves are shown below to illustrate the point. The 1937 proof captures all of
the glory of Weinman's design and the 1938-D (center) at
MS67+ is an incredible business strike. The 1919-D, MS-64
CAC, was described by Stack's Bowers as a "severe strike
rarity." Coins of that issue exhibit flat strikes, and there
are less than 20 coins in MS-65 and MS-66 between NGC and PCGS. With grading, there's always more to learn!
Congratulations to Matt and PAN on their First Place Barbara J Gregory Outstanding Regional Publication award.
I'm a proud Life Member and Past President of PAN, and have watched with pride and awe as the group just keeps on getting better and better with each passing year. Their shows are top in the nation. See the article elsewhere in this issue for a schedule of educational speakers.
-Editor
For more information on the Pennsylvania Association of Numismatists (PAN), see:
https://pancoins.org/
Wayne Homren, Editor
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