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V21 2018 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 21, Number 41, October 14, 2018, Article 11

WORTHY COIN COMPANY START DATE

Regarding the article on Massachusetts dealer Corrado Romano of Romano's Coin Shop and the Worthy Coin Company, Michael Greenspan writes:

The bio in last week’s issue reminded me of a token issued by the Worthy Coin Corp to commemorate their 50th anniversary, 1938-1988. That seems to dispute the 1943 start date shown in the bio.

Worthy Coin Company 5oth anniversary otken obverse Worthy Coin Company 5oth anniversary otken reverse

Mike also kindly provided the below transcription of the legends. Thanks! -Editor

The obverse depicts a plugged bust of Liberty with: LIBERTY PARENT OF SCIENCE & INDUST:around. Dated 1792

The verbiage on the reverse is: THE/WORTHY/COIN/1938-1988/CELEBRATING 50 years OF/NUMISMATIC EXCELLENCE/CORRADO ROMANO/FOUNDER 1928/INC. 1938

To read the earlier E-Sylum article, see:
DON CORRADO ROMANO (1903-1984) (http://www.coinbooks.org/v21/esylum_v21n40a12.html)

I also reached out to researcher John Lupia, who wrote the original article. -Editor

John Lupia writes:

If Corrado Romano made the claim that Worthy Coin was established in 1938 it must have a basis in reality since he had no reason to make the statement otherwise. He was also a very honest person as was his son. He might have formed the Worthy Corporation for legal and financial purposes in 1938 since I did find a Worthy Coin Corporation advertisement, located at 184 Summer Street, Dept. 35, Boston, Massachusetts, Popular Mechanics, Vol. 71, No. 5, May (1939) : 38A 1st Column bas de page. I see this same ad as early as April 1939. I did not find any mention of Worthy Coin in The Numismatist in the 1930's, i.e., 1938-1939. The same with Hobbies, and Numismatic Scrapbook. Romano may have formed the corporation but still traded as Romano's Coin Shop as the FRAUDULENT cover dated July 1938 indicates.

Perhaps someone has a FPL, invoices or other materials dated to 1938 that bear the new corporate name Worthy Coin. When it emerges outside of the Popular Mechanics ads in a more substantive form is an interesting research project. He seems to have been flying under the wire to avoid conflict with Postmaster Farley by changing the company name and address. After reestablishing his business as Worthy Coin without complaints he was in the clear and became popularly known in 1940's.

To read the earlier E-Sylum article, see:
DON CORRADO ROMANO (1903-1984) (http://www.coinbooks.org/v21/esylum_v21n40a12.html)

Kolbe-Fanning E-Sylum ad 2016-10-16 Free Priority Shipping



Wayne Homren, Editor

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