Volume 12, Number 05, February 1, 2009
WAYNE'S WORDS: THE E-SYLUM FEBRUARY 1, 2009Among our recent subscribers are Gene Belair, Joseph Morris, and Joseph Fuller Jr., courtesy of John and Nancy Wilson, Dan Altshuler, courtesy of Dick Johnson, Jeff Erickson, and Susan Headley. Welcome aboard! We now have 1,230 subscribers.
This week we open with an update from Editor David Yoon on the latest issue of our print journal, The Asylum. Next, we hear from numismatic literature dealers David Sklow and Bryce Brown. New books profiled this week cover topics including U.S. commemorative coins, matte proof Lincoln cents, and a reprint of a rare pamphlet on the New Orleans Mint.
We also have more information on topics discussed earlier, such as the dead rabbit medal and the Society of Bearded Numismatists. To learn about the earliest U.S. encapsulated coin, read on. Have a great week, everyone!
Numismatic Bibliomania Society
CONTENTS OF THE ASYLUM VOLUME 26, NO. 4David Yoon, Editor of our print journal The E-Sylum reports that the latest issue (vol. 26 no. 4) was sent to the printers a couple of weeks ago and should be arriving in NBS members' mailboxes shortly. David forward the contents of the issue as follows:
Looks like another great issue is on the way. Remember, while The E-Sylum is free to all, only paid members of the Numismatic Bibliomania Society receive The Asylum. If you're not yet a member, join today. Information on membership is part of every E-Sylum issue (see the Membership block to the right of the table of contents. At only $15 a year, it's a true bargain. What are you waiting for? -Editor
DAVID SKLOW-FINE NUMISMATIC BOOKS MAIL BID SALE #6 CLOSES FEBRUARY 7, 2009
David Sklow submitted this press release about his upcoming sale. -EditorDavid Sklow would like to take this opportunity to gently remind readers that his current mail bid sale of "Fine Numismatic Literature” closes February 7th. Highlights include:
For more information on the sale please see my web site: Finenumismaticbooks.com .
Bids will be accepted by:
USPS Mail @ David Sklow-Fine Numismatic Books, P.O. Box 6321, Colorado Springs, CO. 80934
Email @ email@example.com
Telephone @ (719)-302-5686
Fax @ (719)-302-4933
David forwarded images of a couple lots from the sale. -Editor
Lot 51: Hendriks, Frederick. DECIMAL COINAGE: A PLAN FOR ITS IMMEDIATE EXTENSION IN ENGLAND, IN CONNECTION WITH THE INTERNATIONAL COINAGE OF FRANCE AND OTHER COUNTRIES. Bucklersbury, England. 1866.
In this work, it is proposed to give a brief, but, it is hoped, sufficiently succinct, outline of an enquiry into some interesting questions of the day, relating to:- I- International Coinage, II- The present position of the Decimal system. Includes a brief memorandum of the Parliamentary and public history of the progress of decimalization of the pound sterling 1824-1859.
Lot 254: Dye, John S. BANKING HOUSE OF JOHN S. DYE [DELINEATOR LETTER]. New York. 1854, 8vo, 27 x 21cm. folded. Banking House of John S. Dye, No. 2 Maiden Lane – New York, Sept 4, 1854. (signed) E.B. Spinner Esq. Cashier, Dear Sir- I am making up the second number of the Delineator, which will comprise all the Banks of your State-………very respectfully, yours, John S. Dye. On the back side is written: John S. Dye, Esq. Sept 4th 1854, answered Sept 14th 1854 in Dye‘s hand. Also there is the oval blind stamp of John S. Dye, Banker, New York at top left corner.
BRYCE BROWN'S NUMISMATIC LITERATURE FIXED PRICE LIST AVAILABLEBryce Brown of Avon, CT writes:
I invite all E-Sylum readers to browse through my freshly-updated online numismatic literature price list at Numismatic Literature & Coin Auction Catalogs (home.att.net/~numismatics/wsb/html/view.cgi-home.html-.html) . Many new items have been added this week. Or, contact me via email at firstname.lastname@example.org
NEW BOOK: THE AUTHORITATIVE REFERENCE ON COMMEMORATIVE COINS, 1892-1954
Kevin Flynn forwarded this press release about his latest book, The Authoritative Reference on Commemorative Coins, 1892-1954. -EditorThe Commemorative Coin book titled “The Authoritative Reference on Commemorative Coins, 1892-1954” by Kevin Flynn is now available. This book is being published by Kyle Vick, 1570 Holcomb Road, Suite 120, Roswell, GA, 30076, and is 360 pages, 8 ½ by 11, and contains hundreds of photographs. Retail is $39.95.
The primary objective of this book is to present a detailed historical account surrounding the images used on commemorative coins struck between 1892 and 1954. These images are history frozen in time; a story told through the hands of a sculptor. They represent an important and powerful part of their lure. Understanding the background and symbolism increases the enjoyment in collecting them.
Included for each commemorative coin is a description of the design, historical facts related to the images, origin of the coin, the striking characteristics and wear points, distribution, any information regarding proofs, general comments, values, Heritage auction prices realized, certified population from PCGS and NGC.
Also included from the Annual Mint Reports for many of the commemoratives is a general description of the designs used, number of coins struck during the calendar year and fiscal years, and for some series the number of dies used is given. Also included are detailed photographs for many doubled dies and RPMs, some of which have never been presented before.
The secondary objective was to present all Mint and National Archive documents related to commemorative coins. These documents represent the facts presented by those who created our history and were responsible for making the decisions. For commemorative coins, National Archives records are primarily up through 1904 with some records up through 1920.
Some of these letters found present detailed accounts of the decisions made. For example, one letter stated that number 2 through 101 coins struck for the Columbian half dollars were struck as proofs. Another letter presented where the images of Columbus were obtained. Another letter stated that all Isabella blanks were polished. Yet another letter stated that two two-and-a-half dollar gold coins and two fifty-dollar gold coins were struck at the Philadelphia Mint and delivered to the Panama-Pacific Exposition.
These letters are important in presenting an accurate historical account of these coins. Commission of Fine Arts records started in 1910 and contain many important documents between individuals responsible for creating these commemorative coins, including the individuals or group who sponsored the coin, designer, Director of the Mint, Superintendent of the Philadelphia and Branch Mints, Chief Coiner, Secretary of the Treasury, Congressmen, Senators, members of the Commission of Fine Arts, and other important individuals. These letters tell the story of the coins and and are important in understanding the facts surrounding them.
A few articles are included, some of which give details presented by the individual who designed the coin. The John Sinnock Estate Sale from 1962 is included as it presents a few commemorative coins that were listed as proofs in the catalog. The Authorization Acts are presented for each commemorative coin to present Congress's view, limitations, and control over the commemorative coins authorized.
This book is only available in soft cover and retail list is $39.95. To order a copy, call Kyle Vick at 770-640-5055, or write to them at Kyle Vick, 1570 Holcomb Road, Suite 120, Roswell, GA, 30076. You can also order online www.stantonbooks.com.
NEW BOOK ON LINCOLN CENT MATTE PROOFS
Kevin Flynn also forwarded this information about another book in preparation. -EditorThe Lincoln Cent Matte Proof book is going to print in one week. This book will be the defining reference on Lincoln Cent Matte Proofs. This book is 8-1/2*11, 128 pages, printed in color. A special prepublication price is now being offered.
The primary purpose of this book is to present detailed die diagnostic descriptions and photographs to be used to identify and authenticate Lincoln cent matte proofs. Die states diagnostics are also included. This book contains many more photographs of diagnostics not published before and a few new die combinations which were not previously listed.
Another objective of this book was to present an analysis of the striking characteristics for Lincoln cent matte proofs. Side by side comparisons and photographs were done between matte proofs and business strikes showing the details of the primary design elements and the rims, edges, and corners.
In studying Lincoln cent matte proofs side by side against EDS business strikes of the same year, different striking characteristics were found for each year. Normally, only small differences were found on the design elements. The rims and edges were similar in width, flatness, and general appearance for most years. The primary difference on most years was the sharpness on the corners on matte proofs. For other years, the corners on the business strikes were also sharp.
A date-by-date analysis for the matte proof series is presented. Included for each year is an analysis of striking characteristics, surface characteristics, scarcity analysis, general comments, prices realized from Heritage auctions, current values, and certified population counts.
A detailed analysis is presented on all of the silver and minor proofs counts between 1909 and 1916. This includes all delivery dates for each series. This information is extremely important in determining exactly how many coins were struck. This information is also helpful in determining how proof coins were distributed, whether in minor sets, silver sets, or individually. Archive letters are also presented which show how many collectors did not get 1909 VDB proof coins and were upset and that the mint was not obliged to notify collectors of new proofs.
A special leather bound edition is being printed for those who order prepublication only. Only 50 hardcovers are being printed.
The book is 8-1/2 * 11, 128 pages, printed in color. Normal price is $90 for the hardcover and $29.95 for the softcover. Prepublication price: Leather bound $300, Hardcover $80.00, Softcover $22.95. Money Order or personal checks accepted. Add $5.00 for shipping and handling via media rate and $10.00 for first class shipping. Send a check or money order to Kevin Flynn, P.O. Box 396, Lumberton, NJ 08048. For more information, write me at email@example.com
CHICAGO COIN COMPANY NUMISMATIC LIBRARY OPEN FOR VISITORS' USE
Dick Johnson submitted this article about E-Sylum reader Bill Burd's numismatic library. -EditorWilliam A. Burd deserves a medal from his customers. And the everlasting gratitude of every numismatic book author, publisher and member of the Numismatic Bibliomania Society. He is building a numismatic library but not squirreling it away in his private back office for his exclusive use. No - he has put it right inside his coin shop where his customers can peruse any volume they desire.
"It is not a lending library," he points out, "but it is available to serious researchers looking for comprehensive information as well as to the casual collector who may want to obtain information on an elusive coin."
He started this library 13 years ago, shortly after he acquired the Daru Coin & Stamp shop in 1995. He stayed in the same location where a coin shop has been located for 40 years, renamed it the Chicago Coin Company, and now serves a community near the Chicago city line but still inside Chicago. It's two miles west of the Midway Airport in a nice neighborhood, he notes, where a lot of firemen and city employees live who must reside inside the city of Chicago.
Five years ago he added extensively to the library which now numbers over 12,000 items.That's not all books, he explained, but includes catalogs, periodicals and pamphlets. "We are always looking for old and unusual items to add to the library," he says.
While the library does not get the use from the great number of his customers, he notes it does impress numismatic scholars. "Just a few weeks ago Leonard Augsberger was in the shop, looking at the books and expressed his admiration for the collection."
I agree. What impressed this seasoned numismatic book collector are his advertisements that list his recent book acquisitions. A year ago he replaced his "institutional ads" -- you know those ads that usually say we are in the coin business but cannot list anything for sale because of quick turnover of stock. Instead Bill lists a full page with books recently added to the library. That's a useful service.
Burd's most recent ad in The Centinel, Central State's quarterly organ, for example, lists a dozen books and catalogs now available at his Archer Avenue coin shop. There is some serious literature available here. I can understand why Len Augsberger was impressed. Some new, and indeed some numismatic classics.
The ad noted the 112 auction catalogs conducted by William Elliot Woodward, there are 72 of these on hand gathered by Bill Burd over the years. Many are priced, a few are named.
"I have you to thank for one of my latest purchases" Bill told me when I called him this week. "I bought two sets of Benezits. One for the shop and one set to be donated to the ANS. I am a life member and have a fondness for the Society."
[That's Emanuel Benezit, Dictionary of Artists. Paris: Grund, 14 volumes, 20,608 pages, 170,000 artists entries. This is the first English language edition, translated from the French 14th edition with updates and additions. European artists are extensively covered, plus 735 American artists!]
"You must have read my articles in The E-Sylum," I replied. [When I bought my set I wrote about it in E-Sylum, where it took me six weeks to go through all 20,000 pages looking for American coin and medal engravers and medallists. See E-Sylum vol 10, no 49, art 9.] "That's right," Bill said.
"Do you go along with John J. Ford's maxim for coin dealers: 'an intelligent numismatist is our best customer'?" I asked. "Absolutely!" he answered.
I complimented Bill for this program, "You've got a mini ANS library right in your coin shop." "Not quite," said Bill. But it is a valuable resource for numismatic scholars closer to Chicago than ANS in New York City.
Kudos to Bill for assembling and making available such a great resource! -Editor
To read Dick Johnson's earlier E-Sylum article, see: THE BENEZIT INTERNATIONAL DIRECTORY OF WORLD ARTISTS (http://www.coinbooks.org/esylum_v10n49a09.html)
HOW MONEY IS COINED: RARE NEW ORLEANS MINT PAMPHLET TO BE REPRINTEDKerry Rodgers of New Zealand writes:
From way down in the Deep South, Greg Lambousy of the Louisiana State Museum informs me that The Center for Louisiana Studies is working on republishing an 1897 guide to the New Orleans Mint entitled, How Money is Coined. The Museum has the only complete copy of which they are aware.
Greg has written an introduction for the reprint that is expected to come out in early February. He is unsure how much it will sell for but suggests those wanting a copy keep an eye on the Center's website: http://cls.louisiana.edu/
Many thanks for passing on the word. The pamphlet is indeed rare - I've never seen one. Knowing that Dave Ginsburg has been researching the New Orleans Mint, I asked him if he was familiar with it. His comments are below. -EditorI first became aware of this pamphlet when I noticed that Greg Lambousy credited it as a source for the chapter on the history of the New Orleans Mint that he wrote for Doug Winter's Gold Coins of the New Orleans Mint: 1839-1909. (You can read Greg's chapter on Google Books at this address )
My attention was next drawn by the article in the November 10, 2008 issue of Coin World that announced that the Center for Louisiana Studies would be republishing the pamphlet. The article contained a comment from Greg that its photographs were the most valuable part of the pamphlet, which suggested to me that it was the source of the five photographs in his chapter.
I'm really looking forward to the re-publication of this pamphlet now that I've started researching the post-Civil War activities of the New Orleans Mint. I've found a couple of reports from Mint officials that suggest that the New Orleans Mint used the same four coin presses for its entire life, so I'm hoping for some good pictures of them in the pamphlet.
BOOK REVIEW: UNITED STATES PATTERN COINS 2009 10TH EDITION BY J. HEWITT JUDD
John & Nancy Wilson submitted the following review of the new Whitman publication United States Pattern Coins 2009 10th edition by J. Hewitt Judd, M.D. edited by Q. David Bowers.Obtaining information on pattern coins has certainly gotten easier with the new hardbound 2009 10th edition nited States Pattern Coins by J. Hewitt Judd, M.D. This "Official Red Book" was edited by Q. David Bowers with assistance from Research Associate Saul Teichman. This well-illustrated reference is 352 pages long and covers experimental pieces from 1792 to 2000. For the first time ever this J. Hewitt Judd classic text is illustrated in brilliant color.
Each design is shown along with a unique approach to understanding the pattern market. The grid gives the following: Judd Numbers, Metal used to strike the coin, Coin’s edge, Rarity, Number of times graded by ANACS, NGC and PCGS, Number of times sold at significant auctions since 1990, Auction house last sold, Date of the last sale, Selling price, Grade of the coin sold, and then prices you might expect to pay in three grade levels. Each line of the grid gives all the above information and each line is a different Judd number for that design. This concise grid allows the collector to compare all of the Judd numbers of that design based on the above characteristics.
Each design also has notes describing the issue as well as useful information needed to understand the pieces.
The section on die and hub trials and splashers is very comprehensive with much interesting information about each piece. Pieces not of mint origin are included in a special section so collectors can identify these pieces and learn something about them. The last section shows rarities and curiosities. Pictures and information on the Amazonian “Panorama” of 1872 are included in this section. Q. David Bowers, with help from other experts in the field, have once again brought to the numismatic hobby a “must buy” reference on America’s rarest coins, U. S. Patterns.
In summary, we feel this reference is a must for all collectors and dealers of pattern coins and those collectors who have a curiosity about numismatics in general. For information on purchasing this reference which costs 39.95 retail please contact: Whitman Books, LLC, 3103 Clairmont Road, Suite B, Atlanta, Georgia 30329, Call Center: 800-546-2995 or visit their web site at: www.whitmanbooks.com
I can second the Wilsons' recommendation for the latest edition of this classic of U.S. numismatic literature. The color images are a very welcome addition and worth the book's price alone. While it has a similar number of pages as earlier editions, the 10th edition is noticeably thicker than the 8th edition on my shelf, partly due to the use of thicker glossy paper to accommodate the photos.
One particularly interesting aspect of the book is the inclusion of images of die trial impressions on cardboard from the collection of the Library Company of Philadelphia (see Appendix A). I've said this before but it bears repeating - any serious student of U.S. numismatics MUST read this book. A familiarity and understanding of pattern issues is essential for understanding the history and evolution of U.S. coinage.
And if I were the next U.S. Mint Director, I think I would lobby Congress for changes to the laws to allow the Mint to again distribute and sell pattern coins. The greatest disappointment in the pattern book is not the fault of its authors - after 1885 the supply of patterns dried up, allowing only a scant few pages of listings of known modern patterns. The historical record of a century is nonexistent.
One recommendation I would have for future editions is to consider increasing the size of the book to allow for larger illustrations. A number of photos are reduced from actual size and to my aging eyes are difficult to see. I would prefer to have many of the images shown larger than actual size.
Congratulations to Dave, Saul and all the contributors, many of whom are E-Sylum contributors as well, including Mark Borckardt, Ken Bressett, Roger Burdette, David Cassel, John Dannreuther, George Fuld, Ron Guth, David Lange, Larry Lee, Dennis Loring, Joel Orosz, Andrew Pollack and David Tripp. -Editor
NEW BOOK: COINS: QUESTIONS AND ANSWERS FIFTH EDITION BY CLIFFORD MISHLERThe fifth edition of Coins: Questions and Answers has been released by Whitman Publishing. This small volume packs a lot of information inside, and is a great place for beginning U.S. coin collectors. Originally put together to answer Frequently Asked Questions by readers of Krause coin publications, the book covers a wide range of topics in a brief, yet interesting and informative way.
I happened to have a copy of the third edition on my bookshelf, so I pulled it out for a look. The third edition was produced by Krause Publications. The page sizes and number of pages are different, but flipping through the two together I found many sections where the text matches word-for-word.
No surprise there, but I was curious about how the book came to be published by Whitman. I was also confused by the back cover of the third edition - it pictures Carl Allenbaugh and credits him as the author. So at what point did Whitman take over as publisher, and when did Mishler become the sole editor/author - after Allenbaugh's death?
In true E-Sylum fashion I went straight to the source and asked Cliff Mishler. He writes:
The first edition was published back in the 1965/66 era. It was presented as being authored by the editors of Coins magazine, with the contributors being Ed Rochette and Al Varner, along with myself. I served as the coordinator of the project.
By the time the second edition rolled around, I believe we just indicated that it was the work of the Krause Publications editors, as Ed and Al were no longer in the mix. Again, I coordinated the project.
When it came time to generate the third edition, sometime in the early 80s as I recall, I commissioned the late Carl Allenbaugh to completely rewrite the materials.
Then, somewhere along the line I traded the title to Whitman in exchange for the Mexican Coins book by Ted Buttrey and Clyde Hubbard.
There were several printings of the fourth edition presented over the years, with me listed as author and a footnote: “Based on an Original Manuscript by Carl Allenbaugh.”
When the fifth edition was being worked up, I had requested that Whitman again incorporate on the title page an acknowledgment of the contributions that had been provided by Carl, but somewhere along the line my request got misplaced, and when I was reviewing the final pages I missed that fact.
Many thanks to Cliff for taking time to provide this summary of the book's history. -Editor
THE BOOK BAZARRE
AMERICA'S OLDEST FREE LIBRARY MAY CLOSE
This is non-numismatic, but the bibliophiles among us should find cause for concern in this article. The current economic crisis could force the closing of the oldest continuously operating free library in the U.S. -EditorDelaware County's Darby Free Library, which was founded in 1743 and is believed to be the oldest continuously operating public library in America, will be forced to close its doors at year's end if somebody doesn't write a fat check, the Daily News has learned.
"We're on the chopping block," said Susan Borders, director of the library at 10th and Main streets, near the Southwest Philly border. "We thought we may have had four years left, but after going over our finances, we only have this year."
Founded by 29 Quaker townsmen, the library received its first shipment of 45 volumes from London in November 1743, with the assistance of botanist John Bartram.
"It's older than our country," said Raymond Trent, a longtime bibliographic assistant at the University of Pennsylvania Law School who has donated books, DVDs and other reference materials to Darby's library.
Some books from its original collection - including John Milton's Paradise Lost and Paradise Regained and Sir Walter Raleigh's The History of the World - are still displayed in the two-story brick building, built by Charles Bonsall in 1872 at a cost of $8,895.54. Others are at the Library Company of Philadelphia, founded by Benjamin Franklin in 1731 as a subscription library.
"If it does not get support now, it will not survive," Borders wrote in a summary to the Darby Library Company board at last week's meeting, when the possible closure was announced.
Tax-deductible contributions can be sent to the Darby Library Company, P.O. Box 164, Darby, PA 19023.
To read the complete article, see: Darby library faces the ax/ Oldest in U.S., it's in $ pinch (http://www.philly.com/dailynews/local/20090122_Darby_library
THE ROYAL COLLECTION OF HANNOVER MAY BE SOLD
In his Numismatics and Archaeology blog on Friday, Nathan Elkins published a note from a colleague stating that the coin collection of the Kings of Hannover owned by the Deutsche Bank may soon be sold. Coming on the heels of the earlier news of the possible sale of the Hispanic Society of America collection (formerly on "permanent loan" to the American Numismatic Society), this is another potential blow to numismatic research and scholarship. -Editor
Nathan's unnamed French colleague wrote:
In 1983 the coin collection of the Kings of Hannover was bought by the Deutsche Bank, who now plans to sell it to a coin dealer. The "Niedersächsisches Münzkabinett der Deutschen Bank" is one the most important feudal collections in Germany and one of the 25 most important collections in Europe. It was managed in close cooperation with the "Landesmuseum Hannover"and became one of the important numismatic institutions in Europe. It is well known for its exhibitions and publications. The head of the coin cabinet, Dr. Reiner Cunz, is chairman of the German Numismatic Commission, vice president of the International Committee of Money and Banking Museums ICOMON, board member of the German Numismatic Society, member of the Brunswik Academy of Sciences and other academic societies.
This is truly disturbing news. Several museum collections are currently being sold off on account of the recession and have been in the news recently, stirring much controversy. These decisions are often made by administrators and businessmen who are only concerned about the bottom line and willing to cut things like art collections, academic programs, and research positions.
The sale of this important numismatic collection would be a great loss to numismatic scholarship. It should not be simply be divided up among bidders. I encourage all readers to send letters to those responsible for the decision to sell the collection and to the named German politicians. Dr. Lucia Travaini (Milan/Rome) has a page on her website, http://www.luciatravaini.it/ about the affair (click on 'Appello urgente per la collezione numismatica di Hannover,' which then takes you to a page in English with further links). You can also read her letter online.
To read the complete article, see: Disaster in Germany: The Royal Collection of Hannover for Sale!!! (http://coinarchaeology.blogspot.com/2009/01/disaster-in-germany-royal-collection-of.html)
RESEARCHING A GUIDE BOOK OF PEACE DOLLARS
Author Roger Burdette submitted these comments in response to Mike Marotta's note on his new Peace Dollar book. -Editor
Thanks to Mike Marotta for his comments concerning A Guide Book of Peace Dollars. His 1995 article was an important part of my research. As noted in the book’s introduction, background information was derived largely from my book Renaissance of American Coinage 1916-1921, and it is there that readers will find extensive source citations and a more expansive bibliography.
In researching the Peace dollar, I was fortunate to locate the mint’s original project file and de Francisci’s personal papers which included material not previously available. This permitted me to avoid second hand and speculative sources, while allowing the people and events surrounding the coin’s creation to tell their own story.
One minor comment concerning Farran Zerbe: other than his 1920 letter to the ANA convention, Mr. Zerbe played no role in design, modification or production of the Peace dollar.
As for a hard cover edition. That is a decision for Whitman Publishing LLC to make although it would be nice to have.
MORE ON THE ARMAND-DELILLE RABBIT MEDALYou can learn the most interesting facts through numismatics. Last week Ed Snible asked if anyone could locate an image of a medal awarded to Paul Felix Armand-Delille, "a French professor who accidentally killed 98% of the rabbits in Europe during the 1950s." Top that, Elmer Fudd.
Ever quick on the trigger, Gar Travis was the first to submit an image shortly after our issue was published last Sunday. Ron Haller-Williams also located this reference.
In 1952, at the age of 78, Delille
introduced myxomatosis to France and thence to Europe by inoculating two rabbit on his estate with virus derived from a type culture collection in Lausanne, an act for which he was reviled by rabbit breeders, furriers and hunters but praised by farmers and foresters.
For more information, see: Myxomatosis in France (feuilleuse.free.fr/mixo.pdf)
ON THE NATURAL DRAW OF MONEYTim Shuck writes:
The article about artist Michael Theise and his Monopoly board painting reminded me of an experience I had many years ago. I was 'volunteered' to help teach a vacation bible school class of preschoolers. Not having been around small children (this was before I was married and had children of my own), I was a bit nervous and, as it turned out, naive about how children perceive the world.
The story to be taught was about the money-changers in the temple, and I came up with the brilliant idea of making foil impressions of real coins and gluing them to the story board along with other scenery pictures. When my turn came to give the lesson, I pulled out the board and pandemonium ensued. All of the kids rushed forward to touch the money, which looked real enough to them. It took half the lesson time to get everyone back to his or her seat.
I suspect the only thing remembered was the 'money', as attractive to four and five year-olds as Theise's 'currency' apparently is to adults.
MORE ON THE SOCIETY OF BEARDED NUMISMATISTSPete Smith writes:
Someone should retell the story of the SOB Numismatists badge. My vague recollection is that the badge was not originally created for the Society. Rather it came off a wine bottle or a sommelier and was appropriated for the SOB's. This suggests that other examples of the medal exist without engraving. This is one of many stories where I have a vague memory but no source for backing.
John Regitko writes:
I spent most of the month of January in basking in the snow in Ohio and got a little behind in my e-mails. I didn’t take my laptop with me so missed out on a lot of offers from Nigerian bankers and widows who want me to help them get millions out of the country. Oh, well, they will have to learn to live without my help.
As for Jack Veffer and the S.O.B.s:
1. I was the sales manager for his book “My Two Cents Worth” as well as his accountant for Coiners Press. As a matter of fact, I still have the original artwork of the book, as well as the Coiners Press financial records. I also inherited his remainders of the book, which I gave away for club door draws, etc., so only have a few copies left.
2. I gave a few speeches over the years about the S.O.B. Numismatists and had articles published in various Canadian publications. I was invited by Bill Kamb in 2005 to speak at the Ohio State Numismatic Association Convention and chose “Putting the Fun back into the Hobby” as my main topic. One of the things I covered was the S.O.B.’s. I am attaching the summary of the speech I handed out to everyone at the banquet.
3. Also attached is a 3-page summary of the “Jack Veffer Collectibles” that I wrote about in the Ontario Numismatic Association and the Wooden Money bulletins.
4. When Jack went on vacation, I agreed to publish one of the bulletins. Instead of calling it “The Society of Bearded Numismastists, I removed all the hair (beards and top of the head) from his masthead and published “The Society of BALD Numismatists. Because those were the days before computers became popular, I will have to scan it into my computer soon.
5. If any of your readers wish copies of the two articles attached as well as other bulletins that Jack issued, have them contact me at firstname.lastname@example.org and I will be pleased to e-mail them all the articles as I recreate them in my computer.
6. The copyright of his book and articles remain with Coiners Press, of which I am the remaining executive. I intend to reproduce both the book as well as all S.O.B. bulletins on my new website as soon as I have it up and running.
Below are a few excerpts from John Regitko's History of the S.O.B. Numismatists. -Editor
It was decided that only lifetime memberships would be offered. If you had a beard, a life-time membership, including bulletins mailed to you irregularly, would be $2.00. If you did not have a beard and you were a male, associate lifetime membership would also be $2.00. If you were female, associate membership would be $2.02. For the extra 2 cents, female members would be allowed to ‘throw in their 2 cents worth’ at meetings. Since this was in the pre-politically correct days, no one objected to the fact that females had to pay more than their male counterparts.
Sheldon S. Carroll, Grover Criswell, Doug Robins, Yasha Beresiner and Robert Willey were just some of the well-known members who sported beards.
For obvious reasons, there were no female members. Women were awarded Associate Membership...if sponsored by five regular members in good standing. Ingrid Smith, Ruth McQuade and Dora de Pedery- Hunt were just three of the well-known female associate members.
Associate Membership could be awarded to men without beards under one condition. An Associate S.O.B. shall always pick up the tab when having a social drink with an S.O.B. Some of the male Associate Members were Robert Aaron, Alex Munro, William McDonald, Al Bliman, Chuck Moore, John Dewyze, Albert Kasman, Ross Irwin, Guy Lestrade, Abe Rogozinski and John Regitko.
Every cent raised through bribes and other donations was donated to the J. Douglas Ferguson Memorial Foundation, a registered non-profit numismatic organization. Jack just kept paying the bills out of his own pocket. Printing and postage sure added up.
Then Jack got the idea of putting out a 32-page bulletin, complete with heavy cover, folded and stapled. He put a pile of his own money into its creation and distribution. Just as I attempted to publish articles in the ONA Numismatist when I was their editor dealing with numismatics of Ontario, so the S.O.B. Numismatist’s S.O.B.Servations published articles about bearded people. Their “People in the News” covered members with beards. Their numismatic articles were about banknotes that contained famous people that sported beards.
Many thanks for John for compiling this history and allowing me to share parts of it with E-Sylum readers. -Editor
DO E-SYLUM READERS DESERVE A MEDAL?
Yes, you could take that headline two ways, and that's what I like about it. You people are gluttons for punishment. Actually, my wife thinks she deserves a medal for time I spend compiling this newsletter every week. But when I'm not in my office compiling it, she complains that I stink. So someday I'll give her two medals. I'll buy them with the money I save buying burritos for lunch instead of say, salmon salad.
Anyway, our discussion of Society of Bearded Numismatists medals led to my call for thoughts on a whimsical name for E-Sylum readers. -Editor
Jim Duncan of New Zealand writes:
If you are going to make an E-Sylum badge, it should surely contain a nut.
Now there's an idea - a book nut medal for book nuts. -Editor
Pete Smith writes:
I applaud your proposal to form a club for readers of the E-Sylum. My suggestion - Let's call it the Numismatic Bibliomania Society. If this catches on there might even be interest in publishing a club journal and everything.
Yeah, yeah, I know - it's been done. But not every E-Sylum subscriber is an NBS member (shame on you people!). We're kind of like an Auxiliary, but without the bake sales. -Editor
HAS EARLY ARTWORK FOR THE MORGAN DOLLAR BEEN FOUND? OTHERS THINK NOT
The E-Sylum readers have spoken. My first impression was correct. The responses from our expert readers are unanimous - the Morgan Dollar-related item discussed last week is probably a lithography printing stone. -Editor
Matt Hansen of Harrisburg, South Dakota writes:
Regarding your query in the most recent E-Sylum about "HAS EARLY ARTWORK FOR THE MORGAN DOLLAR BEEN FOUND?", the object in question appears to be a lithographic printing stone. Lithographic stones were typically a very fine-grained limestone (often from Bavaria) onto which a reverse image of the subject to be printed would be transferred using a waxy ink. These were commonly used in the 1800s Additional information on the process of stone lithography can be found at: How Stone Lithography Works (www.howstuffworks.com/stone-lithography.htm)
My guess is that the piece was created by a printer at newspaper or magazine or order to reproduce an image of the coin. This printing technique was in widespread use at the time the Morgan dollars first came out in 1878, so maybe it was someone wishing to illustrate the new coin design in some publication. We'll probably never know for sure.
George Cuhaj writes:
The large Morgan Dollar item is a lithography stone, used in the printing process. Something this size might have been used for a poster. It would still have crop marks for centering and trim.
Tom DeLorey agrees. He writes:
It appears to me to be a lithographic stone, and when I showed the image to Dennis Forgue he agreed with me.
Bill Eckberg writes:
The item is almost certainly a lithographic stone. The color, thickness, cracks, etc., all look like a litho stone and not like plaster or anything else. The enlarged image appears to show pretty clearly that the image is engraved into the surface. This was a common method for printing stock certificates, bank documents and the like back in the 19th and early 20th century. If it is a litho stone, it would have nothing to do with the production of the actual coin.
I have never actually seen how one of these engraved stones was used, but I presume it was printed like an etching or engraving on a metal plate in that ink was squeezed into the lines and transferred to wet paper, much the way our paper money is still printed.
Red Book editor Ken Bressett writes:
While it is difficult to make an assumption based only on a picture, I am pretty sure the "strange object" questioned by Mr. Matzke this week is an old lithographic printing stone. It would have produced a large picture of a Morgan dollar, probably anywhere around 1878-1925. These stones are rather common, although I have never seen one showing a coin in such a large size. Perhaps it was made to print a picture of the Morgan dollar when it was new and novel.
THE BOOK BAZARRE
THE FIRST ENCAPSULATED U.S. COIN: 1840-O HALF DIME IN GLASS
The February 2009 issue of E-Gobrecht, the Electronic Newsletter of the Liberty Seated Collectors Club (LSCC), edited by Bill Bugert has a nice article by Stephen A. Crain on A Truly ‘Original’ 1840-O Half Dime With permission, here's an excerpt about an early "encapsulated" U.S. coin. -EditorIn September of 2008, I serendipitously stumbled onto the pictured glass piece on eBay. The seller offered little information about the piece, except to say that it contained an “1840 United States half dime”. She described it as “cut glass” on a “star cut foot”.
The glass piece is 3- ¼” tall and 1-5/8” in diameter, except at the base where it expands to 1-7/8” in diameter.
Of greatest interest to a half dime collector, of course, is the 1840-O No Drapery V4 half dime contained within the knop.
It appears to be in borderline mint state condition, or what I would grade AU-58, with only the very slightest rub evident on the highest points of the design (Miss Liberty’s beasts and thigh).
There are no marks, dings or other distractions of any description, and the surfaces exhibit what must be considered truly “original” color.
The coin has been encapsulated in a totally sealed environment for nearly 170 years, subjected only to less than four cubic centimeters of air.
This is a fascinating piece of history, decidedly numismatically related, which provides us some insight into what ‘original’ surfaces must have looked like.
NUMISMATIC NEWSPAPERS AND THE U.S. POST OFFICEGinger Rapsus writes:
I live in Chicago, and I wonder if any other members have as many problems with mail delivery as I do? I subscribe to a few numismatic publications, and I have a problem with delivery. Every so often, Coin World stops coming. I stopped getting Numismatic News because I had so many problems getting it on time.
I do as much online as I can, but the issues are difficult to read. I tried to get Numismatist online, and I got the odd-numbered pages only. I probably did something wrong! Today the local Post Office called and told me the problem is not with them - they said I should tell Coin World to mail the papers on time. According to Coin World, the paper is mailed every Monday. The nice man from the Post Office said, oh, they can say one thing and do another!
If I had to choose whom to believe, it would not be a post office official. There are simply too many steps and too many places where mail can be held up for me to believe problems with delivery are the fault of the publishers. They have large print runs and a regular weekly schedule. I don't know if some of the publications stagger their mailings to different parts of the country, but whatever their schedule I'm sure it's pretty much the same week in and week out.
I've had delivery problems of my own lately. For security I don't like to have coin newspapers mailed to my home. Instead, I get them at my office. The company I work for had two offices in the building I work in. One of the offices moved 20 miles away and mail was forwarded. The other office (where I work) never had mail delivered to it directly, and the post office doesn't seem to know we exist. For about a month I got none of my numismatic newspapers (Coin World, Numismatic News, Bank Note Reporter) because third-class mail doesn't get forwarded. I called to change my address to the other office, but now my issues land twenty miles away and I only occasionally get over there to pick them up.
I guess I could try the online route, too, but I agree with Ginger that the electronic versions are less convenient, particularly if one like to peruse a paper version at lunchtime. -Editor
2,000 YEAR OLD HOARD OF GOLD COINS FOUND
Arthur Shippee forwarded this article, which was referenced in the Explorator newsletter. The BBC reports that metal detectorist found an incredible 2,000-year-old hoard of gold coins in Suffolk, England. -EditorA hoard of 825 coins that belonged to a member of the Iceni tribe before Boudicca led them against the Romans has been found in a Suffolk field.
An anonymous metal detector fan found the gold coins valued at up to £500,000 near the village of Dallinghoo.
Landowner Cliff Green said he was stunned to think the last time they had been seen before they were spread out on his table was 2,000 years ago.
Suffolk's county archaeology department dated the coins.
To read the complete article, see: Iceni coins worth £500,000 found (news.bbc.co.uk/2/hi/uk_news/england/suffolk/7838892.stm)
HMS VICTORY WRECK FOUND IN BRITISH CHANNEL; WAS HAULING FOUR TONS OF GOLD COINS
The Odyssey Marine Exploration team has hit another jackpot - the HMS Victory, a 175-foot sailing ship that sank in the English Channel on Oct. 4, 1744. Many thanks to the E-Sylum reader who forwarded this article. -EditorDeep-sea explorers who found $500 million in sunken treasure two years ago say they have discovered another prized shipwreck: A legendary British man-of-war that sank in the English Channel 264 years ago.
The wreckage of the HMS Victory, found below about 330 feet of water, may carry an even bigger jackpot. Research indicates the ship was carrying 4 tons of gold coins when it sank in storm, said Greg Stemm, co-founder of Odyssey Marine Exploration, ahead of a Monday news conference in London.
So far, two brass cannons have been recovered from the wreck, Stemm said. The Florida-based company said it is negotiating with the British government over collaborating on the project.
"This is a big one, just because of the history," Stemm said. "Very rarely do you solve an age-old mystery like this."
Thirty-one brass cannons and other evidence on the wreck allowed definitive identification of the HMS Victory, 175-foot sailing ship that was separated from its fleet and sank in the English Channel on Oct. 4, 1744, with at least 900 men aboard, the company said. The ship was the largest and, with 110 brass cannons, the most heavily armed vessel of its day. It was the inspiration for the HMS Victory famously commanded by Adm. Horatio Nelson decades later.
To read the complete article, see: Wreck of renowned British warship found in Channel (http://news.yahoo.com/s/ap/20090201/ap_on_bi_ge/shipwreck_discovery)
Arthur Shippee forwarded another news item about Odyssey Marine. Finding and recovering treasure is the easy part - defending your haul in court is a bigger hassle, I'm sure.
Peru says it is pushing forward with a legal claim in the U.S. seeking $500 million in silver coins plucked from the wreck of a Spanish galleon that sank in 1804. A public decree issued by the Foreign Ministry orders Lima's ambassador in Washington to hire attorneys to try to recover 17 tons of coins. Peru claimed the treasure in U.S. District Court in Florida last year, arguing that the coins were made from Peruvian silver and minted in Lima. Spain's government is also suing Tampa-based Odyssey Marine Exploration for the loot, which was found off Portugal in 2007. Peru was a Spanish colony at the time the ship sank.
To read the complete article, see: Peru Pushes Claim on $500M Shipwreck Treasure
WHERE TO OBTAIN ZIMBABWE HYPERINFLATION BANKNOTESLast week Granvyl Hulse asked:
I think that a $100 trillion Zimbabwe banknote would be quite a collector's item. Do you know of anyone selling them?
Above is an image of the $100 Billion note. Kerry Rogers reports that this dealer has examples of the $100 Trillion note in stock for $100, including shipping: www.worldcurrency.com
One E-Sylum reader writes:
I picked up a 100 billion note from Zimbabwe up at the NYINC show from the Educational Coin Co., for $5. They have it at their website, with quantity discounts. http://www.educationalcoin.com/detail.cfm?idnum=11255&ASSOC=B&showpic=yes
Jon Radel writes:
The really big notes of the current, 3rd ZW dollar, are still somewhat pricey, particularly the trillion dollar notes. As far as I can tell, only the 10 trillion note has actually been issued, though notes up through 100 trillion are to be phased in according to Dr. Gono, and photos have been released by the Reserve Bank of Zimbabwe.
In the January 25 E-Sylum several questions came up about the current banknotes of Zimbabwe. Between the chaos in Zimbabwe and the general reticence by central banks and their printers to discuss contractual arrangements and technical details, there are many details which are uncertain, however, some details have been documented in the press and more have been subject to what appears to be informed speculation among observers in Harare.
What is clear is that the Reserve Bank of Zimbabwe has a wholly owned subsidiary, Fidelity Printing and Refining Limited. As of July 1, 2008, as Giesecke and Devrient GmbH (G&D) pulled out of Zimbabwe, Newsweek  reported that G&D was printing about half the currency and supplying the security paper for the other half, presumably all used at Fidelity Printing, which was at that point running its equipment around the clock.
I've seen little hint as to what equipment Fidelity Printing is using for the locally produced notes. In late July 2008 there were press reports out of South Africa and elsewhere that Jura JSP, an Austrian company, was supplying the Reserve Bank with licensed software for the design of banknotes.  The presses themselves appear to be German made, or at least that was the source of the spare parts the staff feared would no longer be available as of July 2008. 
The quality of the paper used for all notes printed after the G&D paper ran out has been of lower quality, lacking watermarks and other security devices. To what extent this represents a lack of capability by the new supplier(s) and to what extent the Reserve Bank has simply decided to save money is unknown to me. Back in July 2008 the Reserve Bank announced that they were going to use a local paper supplier, though doubts were expressed given that they were already having trouble meeting current orders . Since then, I've heard speculation that the paper is being imported from China, though my correspondent in Harare was unable to give me leads on documentation on that.
Sometime soon, after more of the latest notes that are supposedly in transit to me actually arrive, I hope to analyze the actual characteristics of the notes. I'll offer my results to the editor. Meanwhile, one of the best sources for an organized listing of all the banknotes is the Wikipedia page. 
As for where to buy the $100 trillion notes? That's a bit tricky. There are several sellers on eBay who will happily take your money (quite a lot of it, as a matter of fact, you can purchase a set of the 4 trillion dollar notes for USD 110 right now, and I've heard reports of prices as high as GBP 300), but it's unclear that they'll ever be able to deliver. While the $10, 20, 50, and 100 trillion notes have all been announced, only the $10 trillion was actually released on January 16. On January 29, I confirmed with my source in Harare that the 4 banks he deals with had been given no information on the release of the other 3 notes. Given that on January 29 controls on use of foreign currency were removed , it is quite possible that the local currency will completely collapse before more notes are issued.
That said, eBay is the only source I've found for the latest notes. The normal channels for world banknotes really don't move fast enough; one of my favorite "conventional" suppliers is just now able to offer the last of the 2nd dollar notes, and that was many, many zeros ago.
As a parting thought, this quote from Dr. Gono that the Reserve Bank has been running on their home page for some time now may help clarify everything: "I am pleased to report that the invisible forces of destruction have been unmasked marking a turning point chapter when the fraudulent and speculative winds are cast into the inferno of extinction."
Anybody who knows more, do please share!
Don Cleveland forwarded an electronic newsletter from Steve Milner of the International Bank Note Society (IBNS). The Rhodesia—Zimbabwe Banknote Newsletter has just been launched - the issue is Number 1, January 2009. In it Steve writes:
Welcome to this the first newsletter for the Rhodesia—Zimbabwe banknote collectors group.
The banknote collecting “bug” hit me over 30 years ago when I lived in Rhodesia and took another quantum leap with the advent of the internet in the mid-nineties. Since then I have built up a reasonable collection and database of all the issues, date and signature varieties and so on.
I have started this newsletter after I thought that it would be a good idea to share knowledge about the banknotes and paper currency of this troubled country. I am being asked questions by collectors from all over the world on a regular basis and a newsletter would be a good medium to share that knowledge.
Hopefully the newsletter will become an educational tool for all of us to share.
For more information, or to request a copy, contact Steve Milner at email@example.com
Dick Hanscom noted that some notes are available on eBay as well. He also forwarded a link to this BBC news article and video which says that Zimbabwe is in effect abandoning its hyperinflated currency and allowing its citizens to conduct business in other currencies. -EditorZimbabweans will be allowed to conduct business in other currencies, alongside the Zimbabwe dollar, in an effort to stem the country's runaway inflation.
The announcement was made by acting Finance Minister Patrick Chinamasa.
BBC southern Africa correspondent Peter Biles says the Zimbabwean dollar has become a laughing stock. A Z$100 trillion note was recently introduced.
Until now only licensed businesses could accept foreign currencies, although it was common practice.
"In line with the prevailing practices by the general public, [the] government is therefore allowing the use of multiple foreign currencies for business transactions alongside the Zimbabwean dollar," he said.
The country is in the grip of world-record hyperinflation which has left the Zimbabwean dollar virtually worthless - 231,000,000% in July 2008, the most recent figure released.
Teachers, doctors and civil servants have gone on strike complaining that their salaries - which equal trillions of Zimbabwean dollars - are not even enough to catch the bus to work each day.
A Harare resident said even street vendors were refusing to accept Zimbabwean notes.
Last year, the Central Bank was forced to slash 10 zeros from the local unit in an effort to make the currency more manageable.
Correspondents say that although the local currency will still be printed, all prices will be set in US dollars, making the Zimbabwe dollar irrelevant.
To read the complete article, see: Zimbabwe abandons its currency (news.bbc.co.uk/2/hi/africa/7859033.stm)
ANOTHER CONCORD REVOLUTION: A BUSINESS BANS THE CENT
While Zimbabwe is abandoning its nearly worthless currency in favor of U.S. dollars, one U.S. business is abandoning the U.S. cent. Tim Shuck forwarded this item about a business making a big deal out of dropping use of the lowly cent.They say they want a revolution. Concord Teacakes, a popular bakery across from the West Concord Depot, is gearing up for a campaign of civil disobedience aimed at taking the penny out of circulation. Using a blueprint provided by customer/ blogger Al Lewis, Teacakes will round down prices in a passive- aggressive attempt to avoid having to handle the copper-coated coins.
“The beauty of it is that it starts here, in Concord, Massachusetts,” Lewis said. “Concord is the birthplace of civil disobedience, the place where Thoreau went to jail for protesting the Mexican War.”
The plan will be put into action on Thursday, Feb. 12, the 200th birthday of Abraham Lincoln, whose face is on the coin the bakers and blogger seek to eliminate.
To mark the occasion, Lewis will drop pennies on the sidewalk outside the bakery, ostensibly asking police to issue him a citation for littering, which he says would prove that federal law requires businesses to accept litter as legal tender.
Inside the store, cashiers will round down cash transactions to the nearest nickel so as not to have to pass out pennies for change. For instance, an $11.04 bill gets reduced to $11, while a check for $8.99 would become $8.95. Additionally, all pennies given as payment, the cashiers will toss into a jar designated for a charity.
“Everybody hates pennies,” said Teacakes co-owner Judy Fersch. “This will save time. It will save lugging — I end up being the one going to the bank [to pick up pennies] half the time. And it’s ridiculous. All we have to do is find a charity that will accept pennies.”
To read the complete article, see: For Teacakes, pennies make no cents (http://www.wickedlocal.com/concord/news/
CONCORD CENT REVOLUTION ADVOCATES SUGGEST MAKING A LINCOLN STATUE OF THE COINS
Dick Johnson also forwarded the Concord article, adding these thoughts and noting that some are advocating melting down collected cents to make a statue of Abraham Lincoln. -EditorDon't pull a cent out of your pocket in Concord, Massachusetts. You won't need to. A growing number of merchants there are "rounding down" the transaction price of all purchases. They are taking a small loss of one to four cents on most of their transactions just to eliminate the nuisance of handling our lowest denomination coin.
They don't have to bring rolls of pennies to their shops from the bank. They don't have to put them in their cash registers. And they don't have to hand them out for many transactions. It saves time they say.
“Being right across from the train station, we have long lines before trains leave and pennies make it worse,” said one merchant. “Further, there is a lot of lugging them from the bank, dropping them, not being able to reconcile register receipts and so on."
They blame the zinc lobby. "Mining zinc" the merchant adds. "is an environmental nightmare, and it costs the government more to make pennies than they are worth. Finally, [the Treasury has] minted thousands for every man, woman and child. Where do they all go? If they were truly worth anything they wouldn’t end up in coffee cans, vacuum cleaners or sofas. It is simply a tax, which raises no revenue.”
"Concord is ... the birthplace of civil disobedience, where Henry David Thoreau went to jail for refusing to pay poll taxes to support the Mexican War," notes the writer in the Concord News. Bill Griffin, Of Sally Anne’s Bakery in Concord Center, said he would like to have his register reprogrammed to round all prices including tax, to avoid handling pennies. “Until that happens, I still have to handle these worthless coins,” he said. “Let’s start a revolution right here in Concord to get rid of them altogether.”
The Concord News further reports: Regular West Concord shopper and Concord resident Christal Bjork reflects the sentiment of most other customers when she said, “They’re wasteful and it would be much easier not to have them. I think this is a great idea.”
This act of civil disobedience was conceived by www.ThinkOOB.com, the Think-Out-of-the-Box Web site which bills itself as “America’s Marketplace of Ideas,” as a way to draw attention to its idea for phasing out pennies, as well as to its other ideas and to its million-dollar prize for the first idea originated on the ThinkOOB site to become law.
Early this week, the protest began to spread to Concord Center as well, with Anderson’s, Sally Anne’s, The Concord Flower Shop, and Country Kitchen also on board.
“This is where Concord’s second revolution starts and ultimately the site should be commemorated with a statue of Lincoln, who himself would approve of our emancipation from the tyranny of the zinc lobby,” said Lewis. “Since this is Concord, I’d like to see an Emersonian quatrain inscribed on the statue as follows: “To the rude lobbyists who corrupted our good Congressmen to support their zinc here the embattled merchants stood and said: “We think your pennies stink.”
IS U.K. COIN GLUT AN UNINTENDED CONSEQUENCE OF A TAX CHANGE?Dick Johnson writes:
British officials lowered the Value Added Tax (VAT) last year. This set off a chain reaction. To wit: causing citizens to be required to carry more coins in their pockets, causing more wear to the pockets, causing a glut of pocket repairs by London dry cleaners, causing dry cleaners to complain to the press.
It would appear that some consumers' pockets are being worn thin by the sheer weight of coins that they now have to carry around with them.
By reducing the rate from 17.5 per cent to 15 per cent in his November Pre-Budget Report, the Chancellor caused retailers to reprice their goods, from round figures to oddly-priced sums. So a £10 jumper is now £9.79.
A £4.99 item, which would previously have called for just one penny in change from a £5 note, will now cost £4.88, increasing the demand for change.
Egin Eshref, a leading London dry cleaner who owns the Spots chain, said that he had noticed far more customers coming into his outlets asking for their half-pockets – the small coin pockets on many trousers – to be mended.
"It's very noticeable. We haven't been mending these pockets for years, but there's been a real pick up in people asking for them to be replaced or strengthened," he said.
He added that in recent years his company had almost stopped doing this type of repair because hardly any of his customers used the half-pocket, thanks to the increasing use of debit cards.
Many retailers have complained about the logistics of the new VAT rate, which has not only seen them print new price labels, but also caused them to stock more small coins in their tills.
Simon Hargraves, commercial director at Pret a Manger sandwich chain, said: "We've definitely had to stock our tills differently. It's been very confusing," he said.
A spokesman for the Royal Mint said that there were no more coins in circulation since the VAT change, but said they were "keeping an eye on the situation".
To read the complete article, see:
OHIO CREDIT UNION PROMOTION GENERATES AN AVALANCHE OF COIN DEPOSITS
An E-Sylum reader forwarded this article about a credit union in Ohio that garnered many new depositors with a campaign geared toward small change hoards. He asks: "If Akron residents have more than a quarter million dollars of change lying around, deposited through just one credit union, how much is really out there? And how many Wheat cents, silver coins and so on are there to be found?" -EditorI wrote last Sunday that the coming week was to be the Akron Saves campaign's Roll Your Change Week.
As a part of that, I pointed out that the folks at the Towpath Credit Union were part of the community effort and were offering a 10 percent match to anyone who would deposit the money into an account — up to a maximum $100 bonus.
They had no idea what was about to hit them.
Towpath officials called Wednesday to say they had already opened 50 new accounts at their two offices and estimated they'd collect $100,000 in change by the end of the week.
They shattered that prediction.
By the close of business Friday — a holiday-shortened week — they had accepted 833 deposits, including into 188 new accounts, by collecting $266,000 in coins.
Linda Lance of Akron was one of those depositors — and a big one at that.
She said her husband Wes had been saving change for probably more than 20 years. He'd fill coffee cans and stash them around the house. She'd yell at him to move his cans.
''I saw the story in the paper and thought, 'This is the perfect time.' '' she said.
So he bought her a red wagon, built a ramp and loaded everything into her SUV before he headed off to work.
It took her two wagon trips into Towpath's Akron branch.
Her husband thought perhaps he had $1,000 in change.
When the teller told Lance she was approaching $2,000, the anticipation began to grow.
Others marveled as the count continued.
''Most of them had one jar,'' Lance said. One woman decided to stay and watch. ''It was kind of like being in Vegas and playing the slot machine and having everyone watch you. It really was an adventure.''
Her final count: $4,120.18.
To read the complete article, see: Savers ring up bonanza with coins (http://www.ohio.com/business/38289474.html)
OBAMA HUCKSTERS STICKING SUCKERS WITH STICKERS
Psst - wanna buy four coin-sized stickers for $75? No? I'll throw in $2 worth of real U.S. coins. Place your order by midnight tonight - these babies are going fast. -Editor
Her collection of presidential coins is impressive and something Tanya Thomas takes great pride in. Her latest purchase, though, has left her feeling short-changed.
She paid The National Collectors' Mint a pretty penny for four Barack Obama coins, But she thought $75 was a small price to pay to add the 44th president to her collection. That is until her daughter brought them home after show and tell at school.
"The whole front comes off. It's just a sticker stuck on top of a regular quarter or regular Kennedy half dollar. It's just a Barack Obama sticker stuck on top", says Thomas.
While Thomas wasn't familiar with the National Collectors Mint out of New York, the Better Business Bureau is.
The coin dealer has an unsatisfactory record with the BBB, because there's been a pattern of complaints and the business has not taken action to correct them.
And here I am working for a living, when I could be raking in the bucks. The National Collector's Mint is really making a mint. We've discussed some of their products before, including its Freedom Tower silver dollar, made after the September 11, 2001 attack on the World Trade center towers in New York. I actually like some of their products, just not their prices. See our earlier E-Sylum article: NATIONAL COLLECTOR'S MINT COIN INCORPORATES LIGHT AND SOUND (http://www.coinbooks.org/esylum_v11n44a30.html)
To read the complete article, see: Obama coin con short-changes collector (http://www.ktbs.com/news/Obama-coin-con-short-changes-collector--24588/#)
GHOST WHISPERER HELPS DEAD NUMISMATIST FIND PEACETim Shuck writes:
A recent episode of Ghost Whisperer (a program that follows the path of a young woman who sees, talks to, and helps earthbound spirits (the dead) 'go into the light') featured a segment about a dead numismatist. The poor fellow contacted the Ghost Whisperer (named Melinda) because he had died in an accident while using a moving truck, and a rare 1943 copper cent was lost in the confusion.
After Melinda found the coin and returned it to the rightful heir, the departed numismatist's spirit was free to move on.
I found it interesting that this particular coin was part of the story. It's well-known to collectors but probably not so with the general public; this makes me think there must be a collector on the writing staff.
FEATURED WEB PAGE: IRISH MINING TOKENSThis week's Featured Web Page is on Irish mining company tokens.
The halfpenny token illustrated below was issued by the Associated Irish Mine Company for payment to their employees who were principally engaged in copper mining activities in the Vale Of Avoca in Southern Ireland. Such commercial tokens were mass-produced during the late eighteenth century by many British companies at a time when there was a shortage in circulation levels of official coin of the realm.