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The E-Sylum: Volume 23, Number 12, March 22, 2020, Article 15

CORONAVIRUS UPDATES: MARCH 22, 2020

Coin World, Numismatic News, CoinWeek and countless other channels will have more comprehensive and up-to-date information on numismatic event cancellations and reschedulings (such as the closing, reopening, and reclosing of the PCGS Orange County, California office). But here are some notes of interest that crossed my desk this week. -Editor

MPCFest 21 Cancelled
MPC Fest 2020 chsllrngr coin design In MPC Gram Series 21 No. 2400 (Mar 16, 2020) editor Fred Schwan writes:

"It is with great sadness that MPCFest headquarters announces that MPCFest 21 is cancelled. While this will not be a surprise to any Fester, it will nevertheless be a matter of disappointment."

MPC Gram is an email publication for collectors of Military Payment Certificates and other military numismatic items. Their annual Fest in Ohio is beloved by attendees and a great model for what other specialty groups could do for their members. Fred illustrated the planned design for the cancelled Fest's challenge coin. Very nice. -Editor

Life at the Epicenter, Kirkland Washington
Kellen Hoard writes:

"For me, this whole thing is rather surreal. In fact, my city is THE epicenter in Washington state, which makes it feel all too close. Not only is my city the place of origin, but the main street next to my house is the exact epicenter. Crazy stuff. My school is, of course, cancelled, so things at my house have been rather slow. I am still trying to be productive though, especially in regards to numismatics which had taken a sort of back burner recently to the numerous other activities in which I take part."

Banking
My local Capital One Bank writes:

"While the majority of our Capital One Bank branches will remain open, we have temporarily closed select branches. As a necessary precaution, we are temporarily closing branches that do not have glass-protected tellers or drive-through servicing. We believe these are important steps to minimize the risk of COVID-19 transmission.

"Capital One ATMs will remain open 24/7, and we will be temporarily waiving our fee for out-of-network ATMs."

Editions Gadoury, Monaco
Editions Gadoury writes:

Editions Gadoury logo "Our shop will remain closed to the public due to the current health situation and the security measures adopted by the Principality of Monaco until further notice. Our site continues to function and new online auctions will be offered periodically. Orders will be sent as soon as possible.

"Don't miss our online auction which will close on April 3rd at 16.00.

"Editions Gadoury reserves itself the right to delay or cancel any order following the needs, demands or recommendations of the Monaco Authorities."

Sotheby's reports ‘surge' in online buying
From the Antiques Trade Gazette:

nina-hamnett-reclining-man "In one of the first tests of the art market since the UK government announced tougher ‘social distancing' guidance due to the coronavirus outbreak, Sotheby's latest ‘Made in Britain' auction recorded a dramatic increase in online bidding.

"Despite understandable concerns that the market may take a major hit, the sale total and selling rate held up at this sale at least, despite the number of people in attendance in the saleroom itself being significantly reduced.

"The mixed auction of Modern and Post-War British art raised £2.11m with 237 of the 291 lots sold (81.4%). Although the total was down on the £2.48m from the equivalent sale last year, Sotheby's reported that they had nearly 10% more bidders overall.

"Online buyers hoovered up 53% of the lots sold, a 30% increase year-on-year and a remarkable figure for a category which is normally dominated by room and phone bidders."

To read the complete article, see:
Sotheby's reports ‘surge' in online buying as clients forced to bid from home (https://www.antiquestradegazette.com/news/2020/sotheby-s-reports-surge-in-online-buying-as-clients-choose-to-bid-from-home/)

Riding the Wave
In a March 19, 2020 email HLRC In the Loupe newsletter, dealer and E-Sylum supporter Harry Laibstain writes:

"We struggled to decide if we should send out our newsletter, but in the end felt it best to stay positive. Many of us will be cooped up in our homes over the next several weeks and we figured it would have entertainment value and be a pleasant distraction from the current backdrop. If you would like to discuss or purchase one of our great selections we will do our utmost to fill your order at a great price and timely manner. Currently both U.S Mail and Fed Ex are running and our building has no restrictions. If it stays that way it will be business as usual at HLRC.

"Many events all over the country have been cancelled. The Baltimore and Central States shows have been cancelled. I have been doing these shows for 40 years and this has never happened. PCGS is open but was momentarily closed then open again. Very strange indeed. Needless to say, events unfolding rapidly are creating a fluid situation.

"This is the largest social participation or non-participation event to ever occur in our country. The world and human behavior will be changed forever. People seem to have a fatalistic attitude. When I asked my daughter in New York, a current hot spot, how they are doing, she replied, "Riding the wave".

Click on those ads! Check out dealer inventories. Fill holes in your collection and look for bargains. There's always a good deal to be had if you look. -Editor

Canadian Coin shows cancelled
From Canadian Coin News:

"Following Health Canada's community-based measures to mitigate the spread of COVID-19, many show organizers are cancelling their events. In addition to public and mass gathering cancellations, these community-based approaches include avoiding crowding, school closures and workplace measures and closures.

"This is really devastating not just for everyday life but for the numismatic community as well," said Paul Johnson, long-time executive secretary of the Royal Canadian Numismatic Association (RCNA).

"It's going to affect a lot of people, including dealers and their sales. It's their livelihood. People can still buy coins through the mail, but the interactions at shows is so important. Obviously, it's very important to keep the lines of communications with dealers and other collectors open, but other than that, there's not much that can be done. We have to pull together as a group, and hopefully sometime in the future this gets sorted out. We can all see what's happening out there and it's devastating."

To read the complete article, see:
Coin shows cancelled as coronavirus panic hits Canada (https://canadiancoinnews.com/coin-shows-cancelled-as-coronavirus-panic-hits-canada/)

Virtual Hangouts: Embrace the weirdness

Clubs may want to experiment with virtual meetings. The technology is already here - we just need more people and groups to get used to it. Here's a helpful article I found in our local Washington Post. -Editor

Virtual meeting screenshot "But "talking" and "hanging out" are not the same thing. And especially if coronavirus-induced social isolation stretches on for months, as experts now say it might, just talking to friends isn't going to cut it.

"All over the world, people are already making memories across a video screen, staging virtual baking sessions, art classes, dance parties, book clubs, birthday parties and family dinners.

Embrace the weirdness of the situation
"When we try to pretend things are normal, it causes more anxiety," says Allie Nagle, a Salt Lake City based therapist, who planned a "family dinner" for 10 of her closest friends on Monday. "It's okay for this to be weird — just giggle and agree to make the best of it." Inevitably, there will be technical glitches, Nagle says, but don't let that throw everything off. Whenever someone's screen froze at the dinner, they took a beat and waited for the technology to sort itself out. By the end, they were making jokes about it. "We'd say, ‘Hey if your screen freezes, you should probably moon us,' and everyone would laugh." The key, Nagle said, was to acknowledge the "odd moments of disconnection with humor and grace."

To read the complete article, see:
8 tips for hosting the perfect virtual hangout (https://www.thelily.com/8-tips-for-hosting-the-perfect-virtual-hangout/)

David Kahn, Maryland
In his March 20, 2020 David Kahn Rare Coins Update, dealer and E-Sylum supporter David Kahn writes:

"It was only a few short weeks ago that I could not have imagined writing those words...Spring 2020 without coin shows. How times have changed.

"Yes, we're all presently in a bit of a bind, at a minimum. Yes, these are challenging times, and there are likely to be many more challenges ahead. We will all be spending a lot more time indoors, our routines completely disrupted. And, we all have plenty of things to be concerned about, foremost among them is our health and that of our families, friends and loved ones. First things first, of course.

"But we as collectors have an island. That's one of the truly great things about collecting anything...a collection provides a diversion - usually a diversion from the rigors of daily life - and that fundamental concept is even more important now. Take some of your excess indoor time to really review your collection, study it in detail, discover things you haven't seen. Would I be very appreciative if you spent some time on my website, and found something nice to add to your collection? Of course, but that's not a requirement to enjoy your hobby. Read a numismatic book. Share a line of research you're involved in with other collectors. Ask a question you've wondered about. Write something for a numismatic publication. I'm here to help in any way I can, but there are hundreds of online places and resources you can use.

"Rest assured that Melissa and I remain hard at work listing new items, and will continue to do that just as long as we can. We have lots of coins that are now stuck at PCGS (for those who may not have heard, PCGS is closed as a non-essential business...Gov. Newsom didn't consult the collecting community on that detail), but we also have a pretty good stock of coins to work with here.

"So, when will our next show be? We have no idea. We would be setting up next at Gettysburg, PA in a couple of weeks, but that isn't going to happen. Of course, later in April, we would see many of you at Central States near Chicago, but that will have to wait until next spring. We fervently hope that Baltimore in June finds us all together again. In the meantime, please do not hesitate to email or call if Melissa or we can help you in any way. We'll be very happy to hear from you."

Baldwin's, London
In a March 20, 2020 email Baldwin's writes:

Baldwin's logo "As a near 150-year-old organisation, Baldwin's has seen many challenging moments throughout its history. Witnessing the developments of Covid-19 has saddened us while at the same time has re-enforced our commitment to the two most important elements of our business, namely our colleagues and our customers.

"Over the last few weeks, we have been working continuously to ensure that we do all we can to protect everybody as much as possible while providing you with the best, most comprehensive service possible.

"The situation continues to change day by day, if not hour by hour. For the majority of this week, many of our staff have been working from home and this proportion will increase further. We have also operated a policy of staggered attendance on a team by team basis.

"Throughout this time, all areas of our business have remained open but in order to further protect both our colleagues and customers, as of today we have reluctantly closed our shop in Central London on a temporary basis. The Baldwin's team, however, remain willing and able to assist you by phone or email and distribution of our products, all of which are available online, is currently unaffected. We would love to hear from you if you are interested in buying, selling, or simply discussing the wonderful world of coin collecting. "

Harvey Stack, New York
Harvey Stack has been at home, feeling better and working on his next blog article on the history of his family firm. He writes:

"I am up to 1988 and when I did some research I almost forgot that in Oct. 1987 we had a "Black Monday" on October 19th and that did a real job on the economy. The Market dropped over 20% and there was wild selling including precious metals. It really took a full year to recover without a virus. I am concerned that we Will have a long wait to get out of this mess.

"In checking as I can from home the effects of the coin market in that period we fortunately had a drop and a quick revival as it seems that those Who collected did not sell wildly as they loved their coins and felt they still were a 'store of value'. Let's hope they feel the same with this virus we are all encountering."

Free delivery on numismatic books!

Maria, David and Sam Fanning

In a March 20, 2020 emailing, E-Sylum supporters David, Maria and Sam Fanning of Kolbe-Fanning Numismatic Booksellers write:

"To help you pass the time at home we are offering free delivery on all orders to our customers in the United States. International shipping is still determined by package weight, but shipments outside the U.S. can subtract $10 from the calculated cost. We will add the shipping cost after the order is weighed.

"Thank you for supporting our small business during this stressful time. We are taking every precaution to stay healthy so we can continue to help you remain engaged in the hobby."

To visit the Kolbe & Fanning web site, see:
https://www.numislit.com/

Ron Guth, San Diego
Dealer, researcher and E-Sylum supporter Ron Guth writes:

"All is well here in shelter-in-place California. We're still able to go outside and do the usual grocery, pharmacy, bank, exercise,and P.O. runs. Trader Joes is rationing entrance to our local store and wiping all the carts down before and after each use. The Post Office has marked their floor so that customers are distanced 5-6 feet from each other.

The beaches in San Diego and the boardwalk in Pacific Beach are less populated, but populated nonetheless. People act a little weird when they get close to each other. My wife runs infection control at the La Jolla VA and is required to go to work every day...I'm a little worried about her. Fortunately, her commute time has now dropped from 30-45 minutes each way to 13. I've been working at home since 2008, so this is no big change for me.

On the plus side, we can "see" each other on Twitter, Instagram, Facebook groups such as the Virtual Coin Show, Coin Cube Trading, Coin Dealers Helping Coin Dealers, etc.

Stay healthy everyone. This, too, shall pass."

Saul Teichman, New York
Saul Teichman writes:

"New York is pretty much shut down. Only essential services are open. It is still difficult to get paper goods, chicken, bread, pasta and sauces etc. Canned goods and certain frozen foods fly off of the shelves as well as soon as they become available.

"As I work from home, I am not impacted by the shelter in place rules and at least money is coming in. My sister works for a medical supply company so she commutes to work each day but they are out of masks and other items that people want like alcohol and gloves are hard to come by. The only good thing about this is that there is much less traffic on the roads.

"On the coin front, we will see how long it takes for this to reach a comfort point to see if the June Baltimore or even the August ANA convention shows go on. The Stack's Bowers sale seemed Ok although the three million dollar coins went a bit low in my opinion. My guess is auction activity will continue online and perhaps companies will update their inventory online more frequently or send out more inventory listings via email than they normally would.

"Everyone please keep safe during these extraordinary times."

Q. David Bowers, Wolfeboro, NH
Dave writes:

"This too will pass. As people are not going on cruises and as vacations are postponed, I see increased activity in the dynamism of rare coin auctions. The Stack's Bowers Galleries sale broke a lot of records. From what I understand here in NH, sales of automobiles and real estate are very strong. Strange times in the world. Keep safe."

Jeff Rock, San Diego
E-Sylum supporter Jeff Rock writes:

"It will definitely be interesting to see how this plays out with the future of coin shows. The Stack's Bowers sale had, as QDB pointed out, many record prices - but at least in the colonial section it had absolutely no bargains. People may have been forced to stay home, but they were staying home and bidding (likely with the money that they would have spent in person at the Whitman Baltimore show!). Perhaps auctions do not need to be tethered to a coin show - and perhaps shows themselves move online. Swipe left, add the coin to your cart, checkout with PayPal or ApplePay and your coin is shipped from some remote AmazonCoin warehouse. Brave New World, indeed!

When you think of what our parents and grandparents suffered through - the Great Depression, WWII - surely sitting at home watching TV and eating more than we should for a couple weeks or even months is not the biggest price humanity ever had to pay. Stay safe, we will get through this."

David Stone, Dallas
David Stone of Heritage writes:

"Best wishes to all in these strange times! Things in Dallas have the same post-apocalyptic appearance I hear about everywhere - empty streets, empty shelves in the super markets and many businesses closed. So far, the changes have been tolerable, with no crippling shortages and most people keeping their spirits up, despite the universal anxiety and uncertainty. Some are keeping journals to record these extraordinary times for posterity.

"Work has gone on more or less uninterrupted, since cataloging has built-in social distancing protocols and much can be accomplished remotely. Hope this finds everyone well and safe. We will get through this together."

Joel Orosz, Kalamazoo
Joel writes:

"Kalamazoo is following the rest of the nation into this strange combination of 17th century plague conditions and 21st century failed state shortages. I'm just waiting for some desperate collector to offer to trade a mint state 1794 dollar for a four-pack of toilet paper. I would take that deal now, but a few days from now, I'm not so sure.

Due to very dodgy immune system, I've been self-quarantining for ten days. Not a bad deal to be, for the good of the community, forced to hang out in my numismatic library. I do miss seeing the grandchildren, and now that my wife has total control over the grocery cart, I'm eating revoltingly healthful meals.

All privations can be borne with equanimity as long as Len Augsburger keeps running the Newman Numismatic Portal, and Wayne Homren keeps publishing The E-Sylum. If either of these twin portals of civilization should fall, it's to the barricades for all of us!"

Yet Life Goes On
John Adams writes:

"Yesterday evening at 6pm, I ordered four bottles of olive oil. At 9 pm to the minute, the door bell rang and, yes, it was the olive oil."

Half price bottles of wine to go These are Terrible, Horrible, No Good, Very Bad times, but short of widespread power or cyber outages or outright war, I suspect we'll get through this without drinking our own urine to survive. I'm doing fine with tap water and soft drinks, but one of our favorite Nummis Nova restaurants (J. Gilberts) writes: "Whether your wine stash is low or you're craving something on our list, enjoy our wine to go with half price bottles of wine (under $100) and 25% off bottles of wine $100 or more. Pairs well with carryout food." Maybe that's where where the $100 bill hoarders will be shopping. Use your 25% off to tip the remaining staff. Seriously, if you've got a paycheck, please do everything you can to support the local businesses you depend on, and especially their hard-hit workers.

I've heard from many others of you this week as well, but I'll have to stop there. I hope to keep publishing The E-Sylum for the duration. Thanks to all who have contributed, and keep your emails coming.

I had to pause this afternoon, though. I was outside walking our dog around the block, keeping my distance from other people, especially this one guy I don't think I'd ever seen before. He was an old man walking with a cane, wearing black sweatpants and a black hoodie sweatshirt, with the hood up over his head, looking for all the world like The Grim Reaper. It creeped me out, especially when he turned down our street and walked toward our house. I thought about tackling him just in case, but he shuffled on by.

I'll end with this great photo from Gary Beals. There will be quite a collection of great photos taken of normally bustling public spaces denuded of people (badminton in Times Square, anyone?). Enjoy the world virtually without the intrusion of other pesky humans. -Editor

Emptied Tourist Spots
Gary Beals of Segovia, Spain writes:

"The plaza around the Roman Aqueduct of Segovia at 6 P.M. of most any day will have a few hundred people milling about. But the Corona-Virus shut things down last Friday and it looks like that will be the situation for some weeks to come."

Roman Aqueduct of Segovia March 2020

To read the earlier E-Sylum article, see:
CORONAVIRUS COMES FOR THE COIN SHOWS (https://www.coinbooks.org/v23/esylum_v23n11a11.html)

Saville E-Sylum ad02


Wayne Homren, Editor

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To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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