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The E-Sylum: Volume 27, Number 17, April 28, 2024, Article 24

LOOSE CHANGE: APRIL 28, 2024

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

The J.N.T. Levick Collection

CoinWeek published a profile of New York City collector J.N.T. Levick. The article illustrates some of the great coins pedigreed to his collection. -Editor

  Levick Birch Cent

His collection was sold in parcels starting in 1859. Levick built a major token collection focusing on the issues of America’s eastern states, which comprised about 4,000-5,000 pieces (probably second to Groh’s 5,000+-piece collection)—owned a nearly uncirculated example of the 1792 Birch cent (Judd-3) with a plain edge. This coin was sold at Cogan’s 1859 Sale ...

Civil War Veteran; served in New York Volunteers and commissioned a Captain. Proposed publication of a monthly journal – which became the American Journal of Numismatics. Inducted into the ANA Numismatic Hall of Fame in 2018.

To read the complete article, see:
Joseph Napoleon Tricot J.N.T. Levick : Coin Collector Profile (https://coinweek.com/joseph-napoleon-tricot-j-n-t-levick-coin-collector-profile/)

Roman Household Gods on Coins

Steve Benner published a CoinWeek article on a topic I was unfamiliar with - Roman household Gods on coins. -Editor

  Roman Household Gods on Coins

Most people who are even remotely familiar with the Roman Empire can name some of the gods that they worshipped. The Olympian gods like Jupiter and Mars, etc. are well known by readers, and many of the non-Olympian gods, like Saturn, Bacchus, Janus, and Bellona, etc., are also familiar. I have written several articles about these gods, both Roman and Greek, on coins, but this article is on the gods that were worshipped in the home, the personal gods of the Roman people, and not state gods (Vesta is the exception, being both state and personal).

There were three main types of household divinity: 1) Penates, gods of the larder, 2) Lares, spirits of the familial ancestors and their territory, and 3) Genii, the spirit of the master of the household. I covered Genii in an earlier article, so I will not be covering them here. This article will cover some of the better-known Roman household gods on coins, but it is not comprehensive, especially considering that the Romans worshipped scores of gods (like Verminus, god of cattle worms).

To read the complete article, see:
Roman Household Gods on Coins (https://coinweek.com/roman-household-gods-on-coins/)

The Demise of Checks

A Numismatic News article by Rich Giedroyc examines the precipitous drop in the use of checks. -Editor

When someone uses the term ‘cashless society,’ we think of the demise of coins and bank notes. The use of physical cash has declined in recent years, but who would expect the check rather than coins and bank notes to go extinct due to the rise of cashlessness?

According to a Reserve Bank of Australia 2022 survey, transactions involving paper checks make up a mere 0.2 percent of all financial transactions. Consumer payments using checks were half of this figure. The Australian Banking Association indicated paying by check has declined by about 90 percent over the past 10 years.

At the same time, banks now spend more than $5 to process a check. The Australian Treasurer’s office said this fee will increase as the number of checks being written continues to decline.

At the same time, the Reserve Bank of Australia said, The share of bank notes used for transactional purposes is estimated to have fallen by five percentage points since early 2020, while cash use in the shadow economy has increased slightly and the proportion of bank notes that are lost has remained unchanged.

I believe it. While I still use cash for many purposes rather than credit or debit cards (which could expose your cards to unknown potential scammers), for years I've been quite happy to pay all my household bills securely online and very rarely have an occasion to write a check.

Cashiers today wouldn't know how to handle a check even if they were still accepted. They can't even handle their own business's paperwork. Last year at a local car wash the attendant was short on change and printed me a receipt stating that I was owed one dollar, and said I could cash it in next time. Next time I presented it and the attendant on duty looked at me like I was from Mars. "This is weird," he said, before calling a manager - another kid. This one acknowledged that I was indeed owed a dollar but was flummoxed on how to navigate the machine to subtract it from the total owed. He gave up and let me in free. Now I'm sure I'm known there as "that old receipt weirdo." Should have driven an antique car that day. -Editor

To read the complete article, see:
The Demise of Checks is at Hand (https://www.numismaticnews.net/paper-money/the-demise-of-checks-is-at-hand)

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Wayne Homren, Editor

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