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The E-Sylum:  Volume 9, Number 17, April 23, 2006, Article 9

REMEMBERING COIN & CURRENCY: ERNIE KRAUS' FOREIGN COIN BOX

Dick Johnson writes: "I remember Ernst Kraus, mentioned by Barry
Jablon in last week's E-Sylum. On one of my many visits to the main
office of Coin & Currency near Harold Square in New York City I
stopped at Ernst Kraus' desk to chat with him. I caught him in the
middle of a numismatic chore. He rolled his chair back and threw
some coins in a box under his desk that must have held ten thousand
foreign coins!

"What are those?" I asked. "No value foreign coins," he answered.
As material came into their main office -- you could imagine how
much buying they had to do to keep three dozen coin departments in
Gimbels and other department stores supplied -- Ernst would price
coins and sets for shipment to one of their department outlets. I
guess he was in charge of all foreign coins and culled out what
would not sell.

But over the years I often wondered what happened to that box of
"no value" foreign coins.  You couldn't lift it. It would be
several hundred pounds. But by today's prices it would have been
a treasure chest."

  Wayne Homren, Editor

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