The E-Sylum

Sun Jul 31 13:24:43 PDT 2011

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The E-Sylum

  An electronic publication of
  The Numismatic Bibliomania Society

Volume , Number 31, July 31, 2011
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WAYNE'S WORDS: THE E-SYLUM JULY 31, 2011

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NEW BOOK: 2012 NORTH AMERICAN COINS & PRICES

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THE BRASHER BULLETIN GOES ELECTRONIC

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ON WORLDWIDE REPLACEMENT NOTES

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THE OSBORNE COINAGE COMPANY OF CINCINNATI, OH

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QUERY: NATIONAL COIN ALBUM PATENT INFORMATION SOUGHT

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NOTES FROM E-SYLUM READERS: JULY 31, 2011

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ARTICLE HIGHLIGHTS COIN DESIGNER HEIDI WASTWEET

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QUERY: VICTOR DAVID BRENNER FOOTBALL MEDAL INFORMATION SOUGHT

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WHO MADE THAT PENNY? VICTOR DAVID BRENNER

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MORE ON CAPTAIN BLIGH'S MEDALS

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BALDWIN'S PROSPERO COLLECTION OF GREEK COINAGE SALE

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THE NUMISMATIC MUSEUM OF ATHENS

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HONG KONG BANKNOTE RECALLED DUE TO DESIGN ERROR

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**SECURENCY BANKNOTE SCANDAL AFFECTS PLANS IN THE U.K. AND U.S.<#a15>

Click here to read this issue on the web

WAYNE'S WORDS: THE E-SYLUM JULY 31, 2011

Among our new subscribers this week is

Jim Glickman.

Welcome aboard!

We have 1,442 email subscribers, plus 156 followers on Facebook, including

Kathy Lawrence.

Shorter issue this week.  I'm on vacation with my family and Bruce Perdue is sending this out for me tonight.  I'll be out all week so please be patient awaiting email replies.  Our next issue will be a first for The E-Sylum - a "Best-of" issue.  OK, reruns.  But you'll like it.  We've published some great stuff over the years.

Have a great week, everyone!

Wayne Homren

 Numismatic Bibliomania Society

NEW BOOK: 2012 NORTH AMERICAN COINS & PRICES

Krause Publications announced  new edition of North American Coins & Prices.

-Editor

The twenty-first edition of North American Coins & Prices is now available from Krause Publications.

Featuring coin listings and prices for the United States of America, Canada and Mexico, North American Coins & Prices is a handy 3-in-1 guide for coin collectors specializing in the coins of North America. It is also a great starting point for collectors looking to expand their collections into New World issues, or to expand their horizons within current North American issues.

Boasting an expanded listing of Canadian coins reaching back to 1858, this guide also contains information on Mexican coinage from 1701 to date, while the United States listings reach from early 17th and 18th century Colonial tokens and coins to date.

Recent increases in the price of precious metals worldwide have drastically affected coin prices, and almost every coin with gold or silver content experienced significant changes in value that are reflected in 2012 edition of North American Coins & Prices.

With over 47,000 listings organized by country, date and denomination, North American Coins & Prices includes many helpful picture references for the coins listed within its pages.

The 2012 edition of North American Coins & Prices is available at bookstores, and online at http://www.shopnumismaster.com/product/2012-north-american-coins-prices-x9708/us-coins.

Interested retailers should visit http://www.sellcoinbooks.com/us-coin/2012-north-american-coins-prices-20th-edition-a-guide-to-u-s-canadian-and-mexican-coins for more information.

THE BRASHER BULLETIN GOES ELECTRONIC

Lena Taylor, Assistant Editor of The Brasher Bulletin sent the following announcement to members of the Society for Private and Pioneer Numismatics with the current issue.

-Editor

Dear S.P.P.N. Members:

Recently, we have made the decision to change the format of our newsletter.  This decision was made based on production costs, as well as member feedback from the survey in February 2011.  Starting this fall, the Brasher Bulletin will become a monthly e-newsletter delivered via email.  Each issue will consist of a standout article or news item, as well as information about club news & events. This new format will allow us to stay more connected with all of you while mitigating the high cost of a printed newsletter. Additionally, this allows us to maintain a low annual membership dues fee.

Each year, we will compile all of the monthly e-newsletter issues to produce one printed volume, which will be mailed out prior to the annual meeting at the Summer ANA World’s Fair of Money.

Please send your current email address to info at kagins.com, so you will be sure not to miss our monthly articles!

Thank you for your continued support, and please enjoy this last quarterly printed issue of the Brasher Bulletin.

What do readers think of this development?  Is it inevitable that specialty publications will all go the electronic route?  I do think it is commendable that the society will also be printing a physical edition for members.  This is a reasonable compromise that will help preserve the information for future generations.    I asked Lena for more information - her response is below.

-Editor

Lena Taylor adds:

As far as the details of the decision, it was really about picking an alternative to the costly print newsletter.  We surveyed the SPPN members and asked if they would prefer a link to a website or blog, or if they would like an email with an attached PDF to print on their own, or if they would like to read the Bulletin directly from their email. The latter was the most popular choice with the membership so we went with that.

I spent considerable time researching e-newsletter services and software. We wanted something with different templates that could easily be designed for little to no cost. MailChimp.com and iContact.com were our final choices and we went with iContact.com since they have a free version (send up to 2,000 emails to up to 500 addresses each). This service is not fancy, but flexible enough that we can include one feature with announcements and we can continue our advertising program with banner ads and links to advertisers websites. 

THE BOOK BAZARRE

DAVID SKLOW - FINE NUMISMATIC BOOKS offers Mail Bid Sale No. 14 on

October 15, 2011, including:

The Private Gold reference catalogs from Donald & Art Kagin

.

www.finenumismaticbooks.com.

PH: (719) 302-5686, FAX: (719) 302-4933.  EMAIL: numismaticbooks at aol.com. USPS: Box 6321, Colorado Springs, CO. 80934. Contact me for your numismatic literature needs!

ON WORLDWIDE REPLACEMENT NOTES

Last week Dr. Ali Mehilba sought E-Sylum reader assistance for a new book on worldwide replacement notes.

-Editor

Joe Boling writes:

On the subject of worldwide replacement notes, Larry Parker published a book on same that went through at least two editions (1989, 1992), plus several lengthy fixed price lists that also served as catalogs. I donated five of his titles/lists to the ANA library about ten years ago. I'm not sure how they would have cataloged the lists, but whatever they have is available to any ANA or IBNS member to borrow.

David Klinger  writes:

Here is a pretty complete summary from Banknote Express:

www.banknoteexpress.com/replacements.html

To read the earlier E-Sylum article, see:

HELP SOUGHT FOR UPCOMING BOOK ON REPLACEMENT NOTES

(www.coinbooks.org/esylum_v14n30a04.html)

THE OSBORNE COINAGE COMPANY OF CINCINNATI, OH

John Byars writes:

I really enjoyed the weekly E-Sylum. Looks like you have the Ingle question well covered.  I would like to tell you a little more of what I have been told over time in regards to the Ingle ledger, as it is interesting.

The ledger that Jack Siles originally got, came from the Osborne Coinage Company, Cincinnati, OH. It is a "customer" ledger and covers the Ingle and Insurance Credit System customers, order numbers, and locations the tokens went to. Jack lives there and was volunteering on the local Bloodmobile late 2002 or early 2003, when it went to the company on a blood drive.  He met the owner and was offered a tour at a later date.

The company is very high security as they then and now make casino chips, so he was very lucky to get in.  He saw many things on his visit and he was able to visit the older buildings.  They trace their lineage way back with the various companies buying out each other. Evidently the company "stock" moved along to each new company.

They have dies that go back before the civil war and even a large Presidential Washington or Lincoln die.   Also loose tokens are in with the merchant token dies.  This is according to what an employee told me. They showed Jack a stack of old dusty ledgers, and he said one was a Murdock ledger. He came to the Ingle / ICS ledger and they let him copy it.  He did the A, B, & Cs by hand before finally getting to a machine.  After Jack got his copy, I called Osborne to try and see if I could get a copy. They told me in "no uncertain terms" that they did not have any old token ledgers. Other ledgers that I know of and hope they still have, covered the red and blue OPA tokens, all the various cutouts used on tokens, Osborne Register Co., and I believe ISC. 

I sure wouldn't want to make any waves at Osborne, but if I was there in Cincinnati, I sure would try to make some friends.  Those ledgers, walls of cubby holes of dies and tokens - INGLES, ICS, etc., are things you dream of getting into. I hope they won't be hounded by folks wanting to get inside now, but like I said, if I was there I would sure diplomatically try myself.  They even have a bunch of the old token cash register parts, or did at least 10 years ago. 

I am told that about 40 - 50 years ago a collector doing coal script listings got in there and had a great time. Maybe somebody well known, such as David Schenkman can someday get in there for his mining company research. From what I am told it will be after the top man retires, if he hasn't by now, as the young folks will be easier to deal with.

I did ID some Ingles for Steve Tanenbaum in Jan 2008, but I only make an offer if asked to do so.  No strings attached - I enjoy the identifying part. 

Thanks for the great background.  Sounds like fertile ground for a polite but persistent numismatic researcher!

-Editor

To read the earlier E-Sylum article, see:

MORE ON INGLE SYSTEM SCRIP

(www.coinbooks.org/esylum_v14n30a17.html)

QUERY: NATIONAL COIN ALBUM PATENT INFORMATION SOUGHT

David Lange submitted the following question for readers - can anyone help?

-Editor

I've hit a roadblock in my research into coin albums, and I'm appealing to readers who may be able to assist.

M. L. Beistle's 1929 patent number 1,719,962 on what later became the Wayte Raymond National Coin Album is easy to locate at the U. S. Patent Office's website, www.uspto.gov., but the site is complex enough that I was not able to determine whether this patent was ever renewed or reassigned to another party. Perhaps an E-Sylum reader can determine this and provide me with some answers.

THE BOOK BAZARRE

OVER 500 NUMISMATIC TITLES: 

Wizard Coin Supply has over 300 numismatic titles in stock,

competitively discounted, and available for immediate shipment. 

See our selection at

www.WizardCoinSupply.com .

NOTES FROM E-SYLUM READERS: JULY 31, 2011

 Theophilus Bradbury;s Hallmarks

Regarding the hallmarks of silversmith Theophilus Bradbury, Mike Packard writes:

I agree that the punches on the silver piece are slightly different from the punches Bradbury used on the silver pieces I've seen.  However, that does not mean that Bradbury did not create the punches on the coin.  They might have been early (or possibly late) efforts,  I'd need to see many more pieces of Bradbury's silver to ensure he did not use more than one pair of punches.  To my eye, the punches on his silver utensil are more refined than those on the coin. 

To read the earlier E-Sylum article, see:

MORE ON THE HALLMARKS OF THEOPHILUS BRADBURY

(www.coinbooks.org/esylum_v14n30a12.html)

Trillion-Dollar Coins Proposed

Len Augsburger writes:

Let me be the first of many to mention this for The E-Sylum.

We are having a debt-ceiling crisis because Congress has given the president contradictory commands; it has ordered the president to spend money, and it has forbidden him to borrow enough money to obey its orders.

Are there other ways for the president to raise money besides borrowing?

Sovereign governments such as the United States can print new money. However, there's a statutory limit to the amount of paper currency that can be in circulation at any one time.

Ironically, there's no similar limit on the amount of coinage. A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. So some commentators have suggested that the Treasury create two $1 trillion coins, deposit them in its account in the Federal Reserve and write checks on the proceeds.

To read the complete article, see:

3 ways Obama could bypass Congress

(www.cnn.com/2011/OPINION/07/28/balkin.obama.options/)

Len was indeed the first to report this.  Thanks!  David Klinger and Loren Gatch also chimed in.

-Editor

ARTICLE HIGHLIGHTS COIN DESIGNER HEIDI WASTWEET

The Seattle Times published a great article interviewing coin designer Heidi Wastweet.  As she laments in the article, U.S. coin artists like her are

"treated like little worker bees down in the basement."  

At least during their lifetimes.  But coins live on and on, and someday future collectors will come to appreciate the accomplishments of today's "worker bees".    These local newspaper articles publish some of the best information we'll ever have on many of the designers of our coins and medals. 

-Editor

In the rundown basement of Seattle's former Immigration and Customs Enforcement building is the studio of Heidi Wastweet, a 42-year-old sculptor who believes coins are exchangeable art.

Foot-long circular plaster casts of coins, etched with the faces of historic American heroes, are propped against a corner. Translucent paper tracings of portraits lie scattered on a worktable. Wastweet's prized commissions — a currency coin for the Darfur region of Sudan, the Dean's Award for the University of Washington law school, a replica of the 1964 peace dollar — glint from a wooden shelf.

Wastweet is a Seattle sculptor and medallic artist, but one of her passions is to design money — coins, specifically. Wastweet began designing coins when she was 18 at a private mint in Idaho, then switched to a different mint based in Las Vegas before going freelance. Since the late 80s, Wastweet has created more than 1,000 coins, medals and tokens.

Coins have defined the majority of Wastweet's past, and now she gets to design the future of the United States' coins. Wastweet was appointed in March last year to the Citizens Coinage Advisory Committee, an unpaid 11-member panel that reviews the work of the U.S. Mint and advises the Treasury about what designs make it onto the billions of coins circulated throughout America each day.

Coins may be viewed as chump change, says Wastweet, but the image on a penny, nickel or quarter can influence the way we and the world view America.

"What's the one thing that every single tourist from all around the world touches when they come to the United States?" asked Wastweet. "It's our coins. If we have mediocre artwork on our coins, that leaves an impression on those visitors of a mediocre country, because art is the ultimate sign of a civilization. When a civilization is advanced enough to support its arts, it's at its height."

Wastweet thinks that the U.S. is behind the times — behind Canada, the European Union and Britain — when it comes to our coins. We're stuck in a rut of antiquated classical designs, says Wastweet, and there's been little coinage innovation because America doesn't view its currency as a work of art.

"In France, the sculptors at the mint are treated like rock stars," she said. "They're celebrities. But here they're treated like little worker bees down in the basement."

The U.S. Mint has 15 coin artists in its Artistic Infusion Program, a citizen-based stable of artists, and seven in-house sculptors. They are taking assignments to design about 50 new coins this year, said Wastweet.

Wastweet's vision is for America to create coins suitable for the current time, while still reflecting our historic past. But is the time for coins gone, as more and more people switch to credit cards and debit cards in a digitized world?

Not anytime soon, says Wastweet.

"There will always be a place for cash as long as there are illegal drug deals, garage sales and people on Craigslist buying things on a one-to-one basis," she said. "We'll always have coins."

To read the complete article, see:

Seattle sculptor wants to mold U.S. coin making into an art form

(seattletimes.nwsource.com/html/localnews/2015719508_coins25m.html)

I was blown away by the quality of some of the work I saw on Wastweet's web site.   Check it out!

-Editor

To visit Wastweet's web site, see:

www.wastweetstudio.com

Knowing that Roger Burdette worked with Heidi on the citizen's Coinage Advisory Committee, I asked him for some comments.  Thanks!

-Editor

Roger Burdette adds:

Sculptor Heidi Wastweet is one of America’s most perceptive and talented artists working in medallic art. I have had the pleasure of knowing her since 2001 and have enjoyed the depth of commitment and clarity of depiction in her private and commissioned work. She treats every commission as new and fresh, bringing both creative and practical insight to the result.

I was very pleased to have her join the CCAC early last year and the Committee has benefited greatly from her professional talent and judgment. Heidi was, along with me and two other CCAC members, part of a subcommittee that conducted a comprehensive investigation of the US Mint’s coinage design process. The subcommittee’s recommendations, published in January 2011, presented the first coherent plan for improvement of the artistic quality of America’s coins and medals since the gold coin redesign commission issued to sculptor Augustus Saint-Gaudens in 1905.

Heidi is also a medallic artist who understands the mechanics and limitations of coinage, both on the small scale of commemoratives and the mass production required for commerce. She is open minded and willing to listen to others, yet firm in her knowledge of creative art and all its nuances.

I have nothing but praise for Heidi Wastweet’s work and for her contributions to the CCAC.

QUERY: VICTOR DAVID BRENNER FOOTBALL MEDAL INFORMATION SOUGHT

In celebration of the deal allowing the upcoming (U.S.) national football League season to occur,

Jonathan Brecher offers this question about an interesting football-themed medal.

-Editor

In celebration of a season saved this week... I thought I'd share pictures of this medal and ask if anyone had more information about it.

This is a rather small (35 mm) silver medal produced by Victor D. Brenner. It is cataloged as Smedley 15... and that's about all I know. Most of Brenner's medals are works of portraiture. This one, clearly, isn't. This medal shows a highly detailed football game, with at least 16 players represented (I'm having a hard time counting heads, even with the medal in front of me), including one of the players nearly upside down in the scrum, plus a referee waving a flag in the middle.

After some digging, I finally found another auction appearance for this one, in the July, 1993, Presidential sale, where a white metal specimen was sold as lot 334. Unfortunately, that listing only had a description of the medal itself, with nothing of the history behind it. (It also suggests that they could find only one other modern auction appearance to that date, of an electrotype in the 1978 NASCA Irwin Stoff Sale, which I don't have.)

Could anyone share some history of why Brenner produced this medal that is so atypical of his other works?

WHO MADE THAT PENNY? VICTOR DAVID BRENNER

Speaking of Victor Brenner, here's a New York Times blog item sent in by Arthur Shippee.

-Editor

The penny is a neglected coin. Frequently orphaned on the street. Mercilessly taunted for its mediocrity. In an age of trillion-dollar debt and billion-dollar bank bailouts, America’s lowest common denomination seems to bear little value as an individual monetary unit. Yet the copper-toned coin bearing Lincoln’s profile still holds a unique place in our national identity. Phrases like Benjamin Franklin’s “A penny saved is a penny earned” and the actual artifact itself (shown above is a photographic penny spectrum by the designer Bob Dinetz,) are as American is it gets. The same cannot be said of the origins of its designer.

The head face of the Lincoln cent, first minted in 1909, was designed by Victor David Brenner.

The item goes on to quote an entry about Brenner from the  “Littleton’s Collectors Guide to Lincoln Head Cents”, but the real fun is in the comments.

-Editor

Larry Eisenberg of

New York City wrote:

Victor Brenner deserves hearty cheers,

His Lincoln cent lasted for years,

Though I don't have many

I cherish the Penny,

Though badmouthed, it still perseveres.

To read the complete article, see:

Who Made That Penny?

(6thfloor.blogs.nytimes.com/2011/07/26/who-made-that-penny/)

MORE ON CAPTAIN BLIGH'S MEDALS

Dick Johnson forwarded this article from The Telegraph with more information on the medals of Captain Bligh which are coming up for auction.  Thanks!

-Editor

Two gold medals earned by Captain William Bligh during his exploits at sea during the late 1700s are to be auctioned in Australia and are expected to fetch more than AU$250,000 (£165,000).

Captain Bligh, who is best known for being ousted from his post aboard the HMS Bounty by a mutinous crew, won the medals during his long and distinguished career in the Royal Navy.

The medals themselves, which have been handed down by Capt Bligh's descendants for generations, have been described as "extremely rare", but it is their association with the renowned seafarer that lends them special value.

Capt Bligh was on a mission to bring back breadfruit, which the British empire hoped it could cultivate to feed to slaves in the West Indies, in 1789 when the famous mutiny took place and he and a group of his men were set adrift in a 22ft launch without navigation equipment in the middle of the Pacific Ocean.

In a remarkable feat of endurance, the celebrated British seaman and his crew spent 47 days at sea, catching fish and seabirds and drinking rainwater to survive while navigating thousands of nautical miles by memory.

After eventually making land in West Timor, Capt Bligh returned to Britain, where he was subject to a Court Martial over the loss of the Bounty. He later returned to seafaring and went on to be appointed Governor of New South Wales in Australia.

He won the first medal, estimated to be worth AU$50,000 (£30,000) from The Society for the Encouragement of Arts, Manufactures and Commerce when he finally completed his original mission and succeeded in bringing breadfruit back from Tahiti in 1794.

The other medal, named the Naval Gold Medal 1795, was awarded in recognition of his actions during the successful 1797 Battle of Camperdown against the Dutch, in which the British fleet captured 11 Dutch vessels without losing any of their own.

To read the complete article, see:

Rare Captain Bligh medals to be auctioned in Australia

(www.telegraph.co.uk/news/worldnews/australiaandthepacific/australia/8659234/Rare-Captain-Bligh-medals-to-be-auctioned-in-Australia.html)

Jim Duncan of New Zealand adds:

The Captain Bligh small naval gold medal awarded to Captain William Bligh for his part in the Battle of Camperdown, October 1797, sold in Noble's latest auction for A$216,000 +.   TheSociety of Arts gold medal given to Bligh for taking a bread fruit tree to the West Indies in 1794 went for A$116,000 +, and pieces of silver cutlery engraved W-E-B (William and Elizabeth Bligh) went for A$5,100 = .

The WW2 Victoria Cross to Aussie Ted Kenna, won in New Guinea in 1945, sold for A$1,002,000 +.  

 This was all on Thursday 28 July.

Anna Bligh, the current Premier of the State of Queensland, is a direct descendant.

BALDWIN'S PROSPERO COLLECTION OF GREEK COINAGE SALE

Caroline Newton of Baldwin's forwarded a press release about the

Prospero Collection of ancient Greek coinage.  Below is a short excerpt.   She writes: "This multi-million pound collection is the most important and comprehensive collection since the Bunker Hunt sale of 1990-1991 and will be sold as part of the New York Sale XXVII-XXVIII in January 2012. "

-Editor

Baldwin’s are delighted to announce the sale of one of the finest and most desirable collections of ancient Greek coins to be offered at public auction in the last two decades. The multi-million pound Prospero Collection contains over 600 coins from the Archaic, Classical and Hellenistic Greek periods and includes some of the rarest and most historically important examples of Greek coinage. Offering a unique window into a world of epic history and a wonderland of Greek mythology, this collection is sure to inspire collectors from all walks of the art and antiques world.

The collection was formed over several decades by a collector with a passion for the arts and a discerning taste for outstanding examples of the most beautiful and famous ancient Greek coins. Like the character of Prospero in Shakespeare’s The Tempest, an underlying preoccupation for the magical and mythical can be seen throughout the collection. It has not been added to in the past 20 years and remains complete and untouched, with many of the coins having pedigrees dating back to collections dispersed in the early 20th century.

The artistic beauty of ancient Greek coins has never been equalled by any other civilization and The Prospero Collection contains masterpieces from the 6th – 3rd century BC, all of the very highest Archaic and Classical artistry, created by the most famous artists and engravers of the time. Greek gods and goddesses bustle with each other and compete with mythical creatures and Greek heroes to be represented on these sublime miniature works of art. Within the collection the coins of ancient Sicily, particularly those produced at Syracuse, represent the very pinnacle of the die-engravers art.

There are examples of the Dekadrachm of Syracuse, among the largest and most famous of all ancient Greek coins, including a signed example, struck from the very first pair of dies engraved by the artist Kimon. The famous ‘Demareteion’ Dekadrachm, considered to be one of the most beautiful creations of fifth century B.C. numismatic art, is also represented. The artist who created this coin is considered to be one of the greatest master-engravers of the Archaic and Classical periods.

I was impressed with the photography of the coins in their storage trays, so I included large images here. What a wonderful sight!

-Editor

For more information, see:

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