The E-Sylum v15#20 May 13, 2012

Sun May 13 20:22:49 PDT 2012

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The E-Sylum

  An electronic publication of
  The Numismatic Bibliomania Society

Volume , Number 20, May 13, 2012
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WAYNE'S WORDS: THE E-SYLUM MAY 13, 2012
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LAKE BOOKS 111TH MAIL-BID SALE CATALOG AVAILABLE
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KOLBE & FANNING HOLD 125TH SALE
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LINK FIXED: WORLD NOTGELD 1914-1947, 2ND EDITION
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JOHN COFFEE 1928 - 2012
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CENTENARIAN JIM CHARLTON ATTENDS ONTARIO CONVENTION
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QUIZ ANSWER: YOUNG NUMISMATISTS AT STACK'S
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PETE SMITH'S THREE DEGREES OF DAVE BOWERS 
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MORE ON ELECTRONIC BOOKS
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ON HIGH CONDITION VS ACTUAL USAGE
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MORE ON ANA CONVENTION TALK VIDEOS
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DEWITT SMITH COLLECTION RESEARCH; 1792 COPPER DISME QUERY
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NOTES FROM E-SYLUM READERS: MAY 13, 2012
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VERMEULE AND JACOBS AND THE BANK OF JAPAN
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MORE ON HAYM SOLOMON
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MORE ON HANS SCHULMAN
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ABEL BUELL'S 1784 MAP OF THE UNITED STATES
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QUERY: ROBERT BASHLOW INFORMATION SOUGHT
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BILL DANA'S APOLLO 17 ROBBINS MEDAL TO BE SOLD
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WAYNE'S NUMISMATIC DIARY: MAY 13, 2012
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CANADA'S NEW $20 DOLLAR BILL LEAVES A LOT TO THE IMAGINATION
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GEORGE SELGIN'S HISTORY OF THE PENNY
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QUERY: FRANKLIN PARISIAN MASONIC LODGE MEDAL INFORMATION SOUGHT
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FEATURED WEB PAGE: WORLD COIN NEWS
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Click here to read this issue on the web

To comment or submit articles, reply to 
whomren at gmail.com

WAYNE'S WORDS: THE E-SYLUM MAY 13, 2012

New subscribers this week include 
Christopher Bolton and
Holly Ponsell. 
Welcome aboard!
We have 1,554 email subscribers, plus 175 followers on Facebook.

This week we open with updates from Fred Lake, David Fanning and Scott Tappa. Other topics include young numismatists at Stack's, electronic books, Hans Schulman and Canada's new $10 banknote.

To learn more about  DeWitt Smith's  silver Getz half dollar, a theft at Gorny & Mosch in  Munich, Cornelius Vermule, Norman Jacobs and the Bank of Japan, tooth money of the "Solomon Islands" and medals that flew to the moon,, read on.  
Have a great week, everyone!

LAKE BOOKS 111TH MAIL-BID SALE CATALOG AVAILABLE

Fred Lake of Lake Books forwarded this announcement of his upcoming sale.
-Editor

Lake Books announces that its 111th mail-bid sale of numismatic literature is now available for viewing on their web site at 

http://www.lakebooks.com/current.html. The 470-lot sale features selections from the libraries of Robert H. "Bob" Yuell and David E. Litrenta. Bob Yuell was a dedicated Early Coppers fan with particular emphasis on Half Cents and Dave Litrenta is a consummate collector specializing in gold coinage and tokens/medals. Many of these books and catalogs have been inscribed by such luminaries as Bowers, Breen, Fuld and a number of other authors.

The sale has a closing date of Tuesday, June 12, 2012 at 5:00 PM (EDT) and bids may be placed by email, telephone, fax or regular mail. Don't forget that the earliest bid received wins ties, so bid early !

Lake Books
6822 22nd Ave. N.
St. Petersburg, FL 33710
727-343-8055  Fax 727-345-3750

KOLBE & FANNING HOLD 125TH SALE

David Fanning forwarded this announcement about Kolbe & Fanning's 125th numismatic literature sale.
-Editor

Kolbe & Fanning have announced their 125th mail-bid sale of important numismatic literature, which will close on Thursday, June 7. The sale features selections from the libraries of F. Gordon Frost, David J. Davis and a major coin firm, and includes significant works in virtually all areas of numismatic study.

A list of highlights would be lengthy, but some notable works offered include:

Conring’s Rare 1675 Work on Ancient Jewish Coins.

A Bound Collection of Articles by George F. Hill, from the Library of the Author, and Hill’s Own Copy of His 1927 Select Greek Coins.

An Original Set of Rizzo on Sicily.

The Outstanding 1702 Quarto Work by the Académie Royale des Médailles et des Inscriptions on the Medals of Louis XIV.

A Fine, Original Set of Dalton & Hamer.

Chaudoir’s Aperçu sur les monnaies russes.

Domanig’s Die deutsche Medaille.

Hill’s Monumental Corpus of Italian Medals of the Renaissance.

Hirsch’s Classic 1760 Bibliography.

Several Volumes of the Trésor de numismatique et de glyptique, Including Volumes on 
Medals of the French Revolution and Renaissance Medals.

A Remarkable Sammelband Compiled by George Sim.

An Original 1875 Crosby in a Nova Constellatio Binding.

The Rare Second Edition of Loubat.

One of Only Ten Copies Issued of the Deluxe Leather-Bound Edition of Logan & McCloskey on U.S. Half Dimes.

An Original Maris on New Jersey.

A Very Rare Deluxe Edition of Prime’s Classic 1861 Work.

Several Plated Chapman Sales, Including Wilson, Jewett, Brown, Groves and Beckwith.

Abner Kreisberg’s Full Leather Copy of the World’s Greatest Collection of U.S. Silver.

An Unlisted Pennypacker Sale of the Ira Reed Collection.

The Very Rare 1846 Cavaliere Campana Sale, Priced & Named

Significant Runs of the Canadian Antiquarian and Numismatic Journal.

Kolbe & Fanning are honored to be offering material in this sale from the libraries of Gordon Frost and David Davis, two long-time clients well-known to many of our colleagues here and abroad. Works from their libraries are identified as such throughout the catalogue, and we are sure their new owners will appreciate them in the same way that they were valued before.

The catalogue is available for downloading from the Kolbe & Fanning website at www.numislit.com. Those on our mailing list should receive their printed copies soon. We invite bidders to peruse the catalogue carefully and let us know of any questions they may have. The sale includes an excellent variety of works and we trust that it will generate a good deal of enthusiasm. 

David Fanning may be contacted at (614) 414-0855 or at df at numislit.com.

LINK FIXED: WORLD NOTGELD 1914-1947, 2ND EDITION

Scott Tappa of Krause Publications writes:

Our team has the notgeld product live in our store again.

Several readers had noted the broken link, which occurred just after I published a note about the new CD book in The E-Sylum a couple issues ago.  Here's the link again, and a link to the earlier E-Sylum item.  Thanks!
-Editor

For more information on the notgeld CD, see:

www.shopnumismaster.com/cdd-gd-chklst-world-notgeld-1914-47

To read the earlier E-Sylum article, see:

NEW BOOK: WORLD NOTGELD 1914-1947, 2ND EDITION

(www.coinbooks.org/esylum_v15n18a06.html)

THE BOOK BAZARRE
AUTHORS AND PUBLISHERS:  
Are your books carried by Wizard Coin Supply?
If not, contact us via
www.WizardCoinSupply.com 
with details.

JOHN COFFEE 1928 - 2012

Tuesday evening David Schenkman mentioned to me the amazing longevity of John Coffee's run as editor of the journal of the American Vecturist Association.
Pete Smith writes:

I learned that John Coffee died Tuesday evening.  After producing "The Fare Box" for over fifty years, he was not able to do the last few issues and had some help from other AVA members.

I've been away over the weekend and Pete, David Gladfelter and other members of the AVA have forwarded images and other information, but it's late and I'm unable to pull it all together for tonight's issue - I'll provide more next week.  Meanwhile, other notes and reminiscences of John Coffee are welcome.
-Editor

To read an earlier E-Sylum article, see:

FARE BOX EDITOR DR. JOHN COFFEE SIDELINED BY INJURY

(www.coinbooks.org/esylum_v15n15a05.html)

CENTENARIAN JIM CHARLTON ATTENDS ONTARIO CONVENTION

Bruce Perdue forwarded this note from Brett Irick:

Jim Charlton, an Ontario Numismatic Association founding member, attended the ONA convention last weekend.  He is in great shape for a 100 year old.  I am pictured on his left.

Charleton, author of several classic works on Canadian coins and tokens, has another birthday coming up on July 26th!
-Editor

QUIZ ANSWER: YOUNG NUMISMATISTS AT STACK'S

Last week I asked who could name all the numismatists pictured in the image accompanying Harvey Stack's article about young numismatists.
-Editor

Harold Levi writes:

Left to Right:  John J. Ford, Jr., Q. David Bowers, Harvey Stack, John Kraljevich., Vicken Yegparian, and Michael Druck (guess).

Guess again on that last one.
-Editor

David Gladfelter writes:

John Ford, Q. David Bowers, [Harvey Stack,] John Kraljevich, Vicken Yegparian and Cornelius Vermeule.

Joe Boling concurs:

In the photos of YNs, I see Bowers, Kraljevich, and Yegparian on either side of Stack. I assume the two on the ends are Ford and Vermeule.

Harvey Stack agrees as well, so there you have it.  Thanks for playing!
-Editor

To read the earlier E-Sylum article, see:

YOUNG NUMISMATISTS AT STACK'S

(www.coinbooks.org/esylum_v15n19a22.html)

PETE SMITH'S THREE DEGREES OF DAVE BOWERS 

Regarding the latest issue of our print journal, Bill Burd writes:

I received The Asylum last Friday.  Pete Smith's article "Three Degrees of Dave Bowers"  was great!  For the readers of this article the degree of interest will be directly related to their involvement with the coin industry.  Being in the business for 34 years I was able to relate to many of the personalities and companies and enjoyed the trip.

Dick Johnson submitted this analysis of the current lead article in The Asylum.  Thanks!
-Editor

Perhaps once a decade appears an article of such outstanding importance that it should be studied by every major leader in his chosen field. Such an article is Three Degrees of Dave Bowers in the current issue just received. This article encapsulates the history, the management, the major players in the numismatic field -- and the business relationships of those major players -- in 23 pages.

This article could only have been written by Pete Smith. No other person in the numismatic field has the knowledge that is so evident in this essay, with the one possible exception of Dave Bowers himself. Pete has served his apprenticeship well for the present task by compiling the biographies of 1400 numismatic luminaries in his American Numismatic Biographies, first published in 1992 (in a rare limited edition of 25 copies). Two years ago he placed his entire biographical databank, updated and modified, on the web for all to access. See: 

www.coinbooks.org/resources/index.html
.

For this article he piled fact on top of fact. For every two words there appears to be three facts. Forget literary transition and segway, this is a massive compendium of events in the lives of some of the most prominent people in numismatics, the movers and shakers. It's like Pete was adding one fact stone on top of another to build a tower of commercial numismatic structure..

As he perches on top of this summit he has the rare overview of the entire numismatic field and possesses the rare insight to perceive what is important. He has distilled a tremendous amount of shifting alliances to present the outcome of these actions for the reader to easily grasp. Thank you Pete for your magnificent work.

But what about the numismatic field? Here is my analysis based on Pete's report:

The numismatic field is vibrant and well. 

Auction sales and auction companies dominate the field, as auctions prove -- historically and contemporally -- the most effective method of marketing numismatic material. 

David Bowers, unquestioned leader of the field, was correctly chosen as the center of commercial activity for, what, four decades? We are fortunate to have a person of his intellect and integrity to be so active in our field. 

Once a coin dealer has some success in buying and selling he graduates by increasingly larger "deals." It is inevitable this leads to multi-million dollar transactions, ultimately to buying and selling existing numismatic dealerships and auction firms. It is a normal progression of scale. 

Many of the commercial numismatic entities discussed in this article were short lived. Operated for a brief time and passed on to new blood. 

Only a handful of the numismatic firms in America have been in business for half a century or more. Few of those established by returning servicemen following World War II still exist. 

Firms in the field tend to be limited to the life of a single proprietor. 

Mom-and-pop coin shops are many; substantial large-scale numismatic firms are few. 

There are several two- and three-generation numismatic firms in America, but not many. 

We have no family dynasty numismatic firms in America like existed  in England, notably Spinks and Seabys.

I literally read Pete's article three times. I learned some new insight with each reading. With all these shifting alliances, a reader needs a scorecard. Pete Smith furnished this.

One shortcoming of the article I heard was that it doesn't cover Heritage, but that's not a firm Dave Bowers was directly associated with, so it's outside the scope of the title.  But that's a fine idea for another article.  If anyone has additions, corrections or plans for a follow-on or companion article, please contact Asylum editor David Yoon.
-Editor

MORE ON ELECTRONIC BOOKS

Regarding the CD of numismatic books Bruce W. Smith mentioned, Ken Bressett writes:

I was intrigued by Bruce Smith’s article about the numismatic CD he found on eBay. But try as I may, I could not locate a place offering one for sale. Can you, or Bruce, give a source?

I checked with Bruce, and the CD can be located by doing a search for the seller used_but_good_stuff.
-Editor

Bruce adds:

I have since found an eBay seller in England who has CD's for sale with hundreds of books on ancient coins and British coins. Also has long runs of Numismatic Chronicle (Royal Numismatic Society) the first 100 volumes (1836-about 1930) for around $15. Also has long runs of other European numismatic journals.

John Sallay writes:

Dave Bowers’ excellent essay on THE USEFULNESS OF REAL (PRINTED) NUMISMATIC BOOKS mentions “the first the first truly numismatically useful reference book was published in America” – Felt’s “An Historical Account of Massachusetts Currency”, published in 1839. Copies of the original edition are indeed available for sale online priced in the $125-1,250 range, depending on condition. In my library, I have a reprint published by Burt Franklin in 1968, and one of these is also available online for $25. It’s hard to avoid noting, however, that this book can be downloaded for free on Google Books.  I don’t believe that Felt’s book is available for the Kindle yet, though.

I also wanted to pass along this attached cartoon from last week’s New Yorker…

Scott Barman writes:

I went through a sample of the books listed on this CD. They are all available for free from Google Books (books.google.com). In fact, these are not the only books that can be found on the Google Books site. If you search for "coins" and "numismatics" you can find quite a few books available as a free download. I even found the book, "Domestic and Foreign Coins Manufactured by Mints of the United States" that covers mintages through 1980 on Google Books that I have on my iPad.

If I knew there was a market to repackage publicly available books, I would have done so myself! :-)

Scott adds:

With all due respect to Mr. Bowers, there is nothing wrong with e-books for any type of book. In fact, after using an iPad for nearly a year, I prefer e-books over printed editions. Aside from the ecological benefit of saving trees, I am finding e-book references to be easier to manage, quicker to search, and more portable than a library. And with information being provided on the Internet for free, there is little to compel me to consider "dead tree editions" over the convenience of being able to carry an ample library on my iPad.

Although the Red Book remains one of the most iconic numismatic reference, I stopped buying the book in the last few years since it is not available in ebook form. Why should I invest in buying a physical book that will take up space on a shelf when that book is practically out of date when it is printed and nearly useless next year when an update is printed? Sure, it will be a nice historical reference 20 years from now. But in an ebook format, it would only require a minute amount of storage space on a hard drive rather than waste what has become precious shelf space next to those must-have computer books I needed for my career that are now obsolete.

Whitman has been slow to the ebook party evidence by my inability to purchase the Red Book in e-book format. That cannot be said of their competition. Current editions of Krause's Standard Catalogues and U.S. Coin Digest now occupy a prominent position on my iPad. After buying these books on CD-ROM, I have copies on my computer, iPad, and iPhone as a ready reference. These electronic books have served me well and will get a good test run the next time I attend a coin show. After all, it is easier to carry an iPad around a big convention center than it is to cary bulky books.

Electronic books are the future of publishing and a key to providing the next generation of collectors, numismatists, and researchers with information in manner that suits their lives. More publishers should be embracing e-books as a way to reach new markets. If not, those publishers will not only be doing their business a disservice, but it will not help the numismatic community attract and retain the next generation to carry on the work the current generation has started. After all, colleges are now moving to electronic text books and e-readers. Do you really think that this generation that is growing up on e-books for solid information will step backward into paper?

Finally, thank you for the tip regarding Joseph Felt's "An Historical Account of Massachusetts Currency."  I found a copy on Google Books and downloaded it as a PDF to be read on my iPad. The book can be found at 

books.google.com/books?id=87wrAQAAMAAJ

and looks like an interesting read.

Bruce W. Smith writes:

The Internet is a great tool but it is only a tool. In the days of print, the only tool one needed was light. But the light itself was useless without the printed page to shine on. The same is true with the Internet -- it is a search tool to find information. But it can only find information that is there to find (and only if used correctly and patiently). Despite what people in their teens and twenties today believe, not everything is on the Internet.

I have around 15,000 books in my reference library. My 20-something daughter constantly asks me why I don't get rid of the books now that I have access to the Internet. I would guess that a large number of the 3,000 books I have on Chinese history and culture are not on the Internet. And I would guess that most of my books on Chinese numismatics are not online. Someday, perhaps they will, but don't expect it any time soon. And of course, searching for information in another language presents additional problems

To read the earlier E-Sylum article, see:

A NUMISMATIC LIBRARY ON A CD

(www.coinbooks.org/esylum_v15n19a07.html)

To read the earlier E-Sylum article, see:

BOWERS ON THE USEFULNESS OF REAL (PRINTED) NUMISMATIC BOOKS

(www.coinbooks.org/esylum_v15n19a08.html)

ON HIGH CONDITION VS ACTUAL USAGE

Last week Dave Hirt asked about the relative desirability of high condition numismatic items vs. those which are worn from actual use.

Harold Levi writes:

In one of the Stack’s John J. Ford, Jr. auctions, there were two medallions made by Robert Lovett, Jr. for the Washington Light Infantry (WLI), of Charleston, South Carolina. The medals were presented to the 144 members of the WLI in November 1860.

One of the two medals had signs of having been worn by the recipient. The second medal was a high grade example that never had a suspension loop. I have strong reason to believe the second medal was Lovett’s memento of the project.

The worn medallion sold for over $600. The unworn unused medallion sold for less than $300. One medal was worn by a Confederate soldier the other was not. Obviously, in this case, historical usage was more important than condition.

With another view, Alan V. Weinberg writes:

As to the "proof"  condition of the Polk medal, I specified it descended down through President Millard Fillmore's family and was offered as such along with dozens of other Fillmore presidential ephemera so naturally it was in choice condition. Down through over a century, the choicer the Indian Peace medal, the higher the collector appeal and market value. 

See the two John J. Ford, Jr. Stack's sales of Ford's IPM's for a comparison of values between a choice and abused or worn  silver IPM.  Unless a "beat up" silver IPM can be precisely documented to a specific famous and known Indian chief - and only a handful can - the condition of an IPM  is very important to its appeal and value to any institution or collector.

Bruce W. Smith writes:

As stamp collectors know, a used stamp is often worth may times what an unused one is worth. To coin or paper money collectors, that is heresy. But there are three good reasons for this. First, many collectors simply prefer a used stamp -- something which actually went through the mail and has some connection to history. To them an unused stamp is an unblossomed flower. Second, in the late 1800's and early 1900's, stamp collecting was very popular, worldwide, but it was a new hobby with little literature. The result was that large numbers of forgeries -- even of common stamps -- were produced for sale to collectors. 

One of the biggest counterfeiters, strangely, was the Scott Stamp Company, which used its forgeries to illustrate early editions of its catalogs! Those illustrations have long since been removed, and Scott repented fully. But for collectors, a postmark provides some measure of assurance that the stamp is genuine. Of course, forged postmarks were sometimes added to forged stamps, but this required extra work, and was usually reserved for forgeries of rare stamps. 

Third, and perhaps most important, when a used stamp is worth more than an unused one, it is usually because the stamp is simply rare in used condition, but common in unused condition. This is particularly true for Chinese stamps of the 1940's. Due to the wartime and post war inflation, low denomination stamps simply could not be used for postage, but were often sold to stamp dealers for next to nothing. As the pace of inflation increased, new issues of stamps were in use for shorter and shorter periods, so that relatively few got used and even fewer survived and got into collections.

David Gladfelter writes:

Each of us must answer that question for him/herself.

I had two examples of a rare piece of New Jersey glass works scrip. One was an unsigned, never used remainder, nice and bright. It has been traded off to a fellow collector. The one you see here is the one that remains in my collection.

Another time Steve Tanenbaum and I divvied up a lot of Civil War era scrip. There were duplicate copies of Krause WI-370 SC2 and I gave Steve first pick. He chose the uncirculated remainder. I was happy with the issued note several grades lower.
Guess you could put me in the Dave Hirt camp.

Granvyl Hulse writes:

It is a matter of show or tell. I am both a collector and a historian. As a farthing collector I hunt for the best condition I can find for show, but I am also a merit badge instructor for the Boy Scouts.   I have an English shilling that was spit on for luck by a cab driver receiving his first payment of the day and a Mexican eight real covered with Chinese chop marks. These I take with me to tell the Scouts something about the interesting history of coins. Thus while I am always on the search for English farthings in top condition I am also  on the lookout for coins, that in their usage, tell  stories that will entertain.

To read the earlier E-Sylum article, see:

QUERY: WHICH IS MORE DESIRABLE: HIGH CONDITION OR ACTUAL USAGE?

(www.coinbooks.org/esylum_v15n19a12.html)

MORE ON ANA CONVENTION TALK VIDEOS

Last week Kavan Ratnatunga asked a question about videos of Numismatic Theatre talks at American Numismatic Association conventions.   I went straight to the man himself, David Lisot, who's been recording these year after year.  He had been in Buffalo for the EAC Convention, and submitted this note in response.
-Editor

Dr. Ratnatunga had forgotten that he had signed a release for the videotaping and marketing of his lecture since it had taken place so long ago. I was never able to send him a copy because he had neglected to give me his mailing address.  A copy is now on his way to him in Sri Lanka.

Regarding the ANA videos, all videos are available for free loan from the ANA Library to any ANA member. We list the videos for sale on Coinvideo.com along with all the other clubs and groups for whom we videotape. This includes; ANA, CSNS, EAC, FUN, PNG, TNA, and others. We have more than 1000 titles from taping for the last 25 years! Many of the older versions are still in the process of being digitized from their analog creation to be able to be made into DVD's.

We have thought about posting some of the titles for free on the Internet but this would not allow us to recoup our production costs. Ergo they are sold as DVD's to coin clubs and collectors. There are also several dealers who buy them for resale.

However we do have an arrangement with the website COINWeek.com in which I am a partner where some of the titles are available for free on a limited basis. The business model for all this is constantly evolving and keeping up with the technology is enough to make one's head spin!

David will be videotaping at the upcoming ANA show in Denver.
-Editor

To read the earlier E-Sylum article, see:

NOTES FROM E-SYLUM READERS: MAY 6, 2012: On ANA Convention Talk Videos

(www.coinbooks.org/esylum_v15n19a21.html)

DEWITT SMITH COLLECTION RESEARCH; 1792 COPPER DISME QUERY

Wayne Burt writes:

In the Brand material at the American Numismatic Society I found that DeWitt Smith owned a silver Getz half dollar. It was recorded under journal # 46846 with no grade. However, I located it in a paper called Rarities Box 2 page 2 where it was described as Unc Proof like with a scratch behind the head. This description matches the Robert Davis coin and fills the gap between Davis and F C C Boyd who acquired the coin in the 1940's. Ford acquired it from Boyd.

DeWitt Smith also owned the gold Washington coin from the Parmelee sale. It was recorded as journal # 46483 with a notation that it was Washington's pocket piece. This coin was sold to Wayte Raymond in 1933 who presumably sold it to Col. Green. Eric Newman acquired it from B G Johnson. This part of the pedigree was the subject of an question years ago and I am not sure if it was answered. I tried to relay the information to Eric Newman through a member of the ANS and got no reply.

I am currently working on a pedigree listing of the 1792 copper disme and would like to hear from anyone who has information on this.

I passed this note along to David Fanning, who will in turn notify George Fuld and Eric Newman.   If anyone has further questions or can help Wayne with his research on the 1792 copper disme, his email address is

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