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The E-Sylum: Volume 24, Number 28, July 11, 2021, Article 33

LOOSE CHANGE: JULY 11, 2021

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

Nevada State Museum Carson City Exhibits

Jay Turner published an article on PCGS.com about the Nevada State Museum at the site of the Carson City Mint -Editor

Carson City Mint exhibit

To read the complete article, see:
Numismatic Destinations – Nevada State Museum: The Former Carson City Mint (https://www.pcgs.com/news/numismatic-destinations-nevada-state-museum-former-carson-city-mint)

The Silver Queen of Virginia City

Another Jay Turner article on PCGS.com discussed a visit to Virginia City, NV and the landmark Silver Queen Hotel. -Editor

The Silver Queen The Silver Queen closeup
The Silver Queen

Once a grand hotel that at one time had two bars, a café, 80 slot machines, a wedding chapel, and a hotel, the best attraction was the Silver Queen portrait. Designed by Carroll and Jerry Eaton as a tribute to Virginia City's once-great silver mining industry, the Silver Queen was originally made up of 3,261 silver dollars and 28 gold double eagles. At some point it appears that the coins were replaced, with no gold being found today, but the monument is still an impressive site. Coin collector will find it well worth the few minutes to stop in take a few photos.

Virginia City may not be a mint or museum on the radar of many numismatic lovers or collectors, however it does allow one to step back and connect to an important part of history that is directly related to the history of the United States, its monetary policy, and its coinage. It's a historical landmark that still survives today, allowing a person to be at the place where so many people made their fortunes or survived working mining. It's a nice day trip where you can enjoy a drink at the bar, some ice cream, candy, BBQ, and history.

To read the complete article, see:
Numismatic Destinations – Virginia City, Nevada (https://www.pcgs.com/news/numismatic-destinations-virginia-city-nevada)

Audio: Markowitz on Coins of the Middle Ages

The latest CoinWeek Podcast features Mike Markowitz speaking on the coins of the Middle Ages. -Editor

CoinWeek Podcast #161: Let's Get Medieval – Mike Markowitz on Coins of the Middle Ages

This Week, CoinWeek Ancients writer Mike Markowitz gets medieval. I'd say he gets medieval on that As – but Ases are Roman coins and not medieval, so I can't say that. Moving on… What is it about Medieval coins and medieval art that makes them so different than their ancient counterparts? And specifically, why are they so UGLY? Mike digs into the topic and offers some interesting insights that might have you looking at this specialty area in a new light.

To listen to the podcast, see:
CoinWeek Podcast #161: Let's Get Medieval: Mike Markowitz on Coins of the Middle Ages (https://coinweek.com/coinweek-podcast/coinweek-podcast-161-lets-get-medieval-mike-markowitz-on-coins-of-the-middle-ages/)

Kentucky Bank Notes

Kentucky Colonel Dennis Tucker published an article on CoinUpdate about banknotes from that state. -Editor

Bank of Kentucky $10 note

Kentucky's state-chartered banks from the early 1800s to the 1860s were authorized to issue their own paper money, backed by the value of their assets. More than a dozen banks had their headquarters in Louisville or opened branch offices there. This gives collectors many colorful Louisville banknotes to hunt down and marvel at. Their beautifully engraved and creative vignettes are among the most artistic in American banking history.

One such institution was the first Bank of Kentucky (sometimes called the Old Bank of Kentucky), incorporated in December 1806. The Commonwealth itself subscribed to half of this bank's capitalization of $1,000,000. Louisville was one of its main branches, opened in 1807 and given $400,000 of capital, with the rest divided among the parent bank in Frankfort and other branches in Bardstown, Danville, Glasgow, Hopkinsville, Lexington, Paris, Richmond, Russellville, Shelbyville, Springfield, Washington, and Winchester. The first Bank of Kentucky operated until the early 1820s.

To read the complete article, see:
From the Colonel's Desk: Millions of dollars from Louisville—but few to be found (http://news.coinupdate.com/from-the-colonels-desk-millions-of-dollars-from-louisville-but-few-to-be-found/)

The Tooth Fairy Index

Kavan Ratnatunga passed along this classic study of inflation. Thanks. -Editor

Tooth Fairy Index

Over time, the Tooth Fairy Index™ (TFI) shows that the value of a lost tooth is closely related to the U.S. economy. Much like Punxsutawney Phil's Groundhog Day weather prognostication, the Original Tooth Fairy Poll has generally been a good barometer of the overall direction of the economy. In fact, for 16 of the past 19 years, the trend in average giving has tracked with the movement of the S&P 500.

To read the complete article, see:
Original Tooth Fairy Poll® (https://www.deltadental.com/us/en/tooth-fairy/the-original-poll.html)



Wayne Homren, Editor

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