Buying the the Lutes 1943 Bronze Cent
Tom Caldwell of Northeast Numismatics writes:
Thanks for running more on Donald Lutes Jr., the recent seller of the 1943 Bronze cent at auction. It is especially meaningful to me since Northeast
was the successful buyer at the sale. Jim Halperin, Mark Borckhart and others from Heritage congratulated me immediately after it sold.
Mint error specialist Fred Weinberg did as well saying in his opinion it sold cheap as he expected it to sell for more like $300,000 given the importance of
this being the discovery piece and the long term original provenance nature of the piece. I then awkwardly witnessed Fred trying to pay off a bet with Halperin
that it would bring in this range.
I don't know why the press referred to the buyer as an "unnamed collector" since Heritage knew Northeast was the buyer. Although I suppose
since we are currently not offering the piece for sale I guess that does make us a collector.
The mainstream press often blurs the line between collector and dealer, using the "collector" label indiscriminately. But they often rely on press
releases without bothering to follow up to get the details. Since so many buyers wish to remain anonymous, it may be standard practice to not name the buyer -
better to be cautious than to out someone accidentally.
Also, I can imagine that any dealer worth his salt would be reluctant to publicize the name of another dealer. Should someone discover another 1943 bronze
cent someday and find an old an article on the sale there would only be one dealer name listed - in this case, Heritage Auctions. Now that this E-Sylum
article exists a couple other names may appear in their search: Tom Caldwell and Northeast Numismatics. Congratulations on a great purchase. -Editor
To read the earlier E-Sylum article, see:
MORE ON DONALD J. LUTES JR. (https://www.coinbooks.org/v22/esylum_v22n06a05.html)
Spain 2 Euro Coin With "C A T" Mark
Web site visitor Calogero Saieva writes:
I'm from Agrigento, in the south of Sicily. Some days ago, I found the attached 2 euro coin. It's a 2002 coin, issued from Spain with the
portrait of King Juan Carlos. Engraved on it there are the letters C A T. Never before I saw something like it. I thought maybe C A T is concise for Catalunya?
Maybe someone would be interested on it, and can help me with this strange euro coin.
I asked Robert Hoge, who writes:
I'm afraid I've never encountered this marking. One might speculate that it could have been applied by Catalan independentistas, but who
Interesting - that was my thought as well. I've never seen one of these either. Can anyone help? -Editor
German Inflation Tokens
Don Kolkman writes:
I thought you might like to see some of the inflation results in Germany on these tokens, a milliarden is equal to our billion.
Thanks. I hadn't seen these before. -Editor
To read the earlier E-Sylum article, see:
GERMAN NOTGELD (https://www.coinbooks.org/v22/esylum_v22n06a26.html)
I didn't know him, but readers tell me dealer Jim King passed away a week or so ago. -Editor
Paul Bosco writes:
I began buying from Jim while in my early 20s. Among my great numismatic regrets was not buying all his rare Canadian Blacksmith tokens in the mid-1970s.
Jim always had rare, interesting material. Nothing seemed to be obscure, to him, in coins, medals and tokens alike. (later, he dealt a lot in Paper Money.)
Quite likely, is best area was US Colonial (including Betts medals).
There were two reasons for this: 1) he was really knowledgeable, AND he was smart; and 2) he worked the supply chains in England, where, I would say, he
cast American dealers in a very good light.
Jim was also unfailingly nice.
He was still doing shows until a couple years ago.
He and Richard Margolis, two of my models, were very close, and now they are gone, within months of each other.
Alan Weinberg writes:
Jim was in his early 80s A real gentleman of the old numismatic school like his friend and colleague Dick Margolis. They don’t make them like that
Query: Ancient Coin Source for 1917 Medal
William Todd writes:
Below is a photo of a 1917 cast iron medal by the Hungarian-born Munich medallist Elisabeth von Esseö (also spelled Essoe, as on this medal) in my
collection. The image of these fighting lions is reminiscent of an ancient (Hellenistic?) coin, but thus far my online searches have failed to discover an
original which she may have used as a source.
I would be grateful if any reader familiar with Classical numismatics could provide a photo, or link to a photo, of such an image along with relevant
A perfect challenge for E-Sylum readers, the sharpest tacks in the box. Can anyone help? -Editor
U.S. Mint Introduces New Double-Stuf Quarters
Andy Newman, Jeff Rock and Mike Dlugosz forwarded this from The Onion. Thanks! -Editor
To read the complete article, see:
U.S. Mint Introduces New Double-Stuf
QuartersDouble-Stuf Quarters (https://www.theonion.com/u-s-mint-introduces-new-double-stuf-quarters-1819592058)
Wayne Homren, Editor
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