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The E-Sylum: Volume 24, Number 15, April 11, 2021, Article 30

LOOSE CHANGE: APRIL 11, 2021

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

First Virtual ONA Convention

Canadian Coin News reports that the Ontario Numismatic Association will hold a numismatic symposium online. -Editor

Ontario Numismatic Association symposium sign The Ontario Numismatic Association (ONA) will host its first virtual convention on April 9-11, the same dates as the since-cancelled in-person gathering originally slated for Burlington.

The decision to move the three-day convention to a digital format came in mid-January, when ONA officials met to discuss the ongoing COVID-19 pandemic, which has now forced the provincial association to cancel two of its yearly conventions. This April's virtual convention – the first hosted by a major Canadian numismatic organization – will feature most aspects of a typical in-person convention other than the bourse, exhibits and social functions.

To read the complete article, see:
First virtual ONA Convention free, open to everyone (https://canadiancoinnews.com/first-virtual-ona-convention-free-open-to-everyone/)

Counterfeit Elephant Token

Jack Young published a piece in CoinWeek on struck counterfeits of Elephant tokens. -Editor

struck counterfeit Elephant token

One of the examples I reviewed in-hand was a counterfeit "Hodder 2-B" elephant token "discovered" by my friend, fellow EAC'er and early copper specialist Kevin Vinton. Kevin told me there were several others like it with many in TPG genuine holders, sold through different auction venues, but he asked that I hold off on any further discussion while he continued his research.

After a couple of months passed I became curious and Kevin and I spoke and decided to post the topic in our counterfeit-focused Facebook group ("Dark Side") and start the discussion. Kevin included images of several like examples and we developed comparison images to genuine ones with the differences or "tells" to aid in the attribution of others "out there"

Jack's research on a piece in a recent national auction led back to earlier work by Eric P. Newman. -Editor

I posted this example and comparison images as a continuing discussion in my group and another friend stated it reminded him of an article in The Numismatist written by Eric P. Newman back in the 1960s. I immediately went to the website of the portal in his name (Newman Numismatic Portal) and started my search. The results were quick and the article was available there, entitled "AN ELEPHANT TOKEN NEVER FORGETS – FORGERY";

To read the complete article, see:
An Update on the (Counterfeit) Elephant in the Room (https://coinweek.com/recent-articles-video/an-update-on-the-counterfeit-elephant-in-the-room/)

Coins Returned to the Archaeological Museum of Sibari

The large coin pictured in this article in Italian reminds me of the Buffalo Nickel. Found via The Explorator newsletter. To subscribe to Explorator, send a blank email message to: explorator+subscribe@groups.io. -Editor

coins returned to the archaeological museum of Sibari

To read the complete article, see:
Tornano al museo archeologico di Sibari 665 monete del V-III secolo a.C. (https://www.agi.it/cultura/news/2021-04-04/archeologia-tornano-sibari-monete-quinto-secolo-avanti-cristo-12036739/)

The China-Led Digital Payment Revolution

Jim Contursi passed along this article from the South China Morning Post on the obsolescence of coins and currency. Thanks. -Editor

Using  digital yuan at a self check-out counter The ease with which I was able to accomplish a day's business and shopping without any banknotes or jangling change shows how our basic exchange economy is changing. In the last few years, this occurred in China through WeChat and Alipay, but elsewhere the pandemic has dramatically shortened the life of analogue cash by encouraging the use of non-cash payments. Much of Europe and Britain has leapfrogged Hong Kong by removing the need to use cash at all, even in the smallest outlet.

Many of the world's central banks, who authorise the issuance of cash as notes and coins, are actively looking at digitising national currencies, with the People's Bank of China leading the charge. It does not really matter who is first, apart from bragging rights, but it is leading a process whereby banknotes and worn-out pockets will disappear.

Alongside digitising their currency, some central banks are investigating a form of individual bank account provided at birth to handle government transactions, such as pensions and welfare payments throughout an individual's life.

To read the complete article, see:
How China-led digital payment revolution is making bills, coins and some currencies obsolete (https://www.scmp.com/comment/opinion/article/3128615/how-china-led-digital-payment-revolution-making-bills-coins-and)



Wayne Homren, Editor

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