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We’ll miss you, Chet

Chet Krause died over the weekend at the age of 92. I was traveling. My condolences to the family.

Chet Krause,

Chet Krause, a giant in the numismatic world, passed away June 25 at the age of 92.

It is probably appropriate that I was on the road when he passed as no individual was more responsible for opening my eyes to the wider world than was Chet.

Even though I wrote a blog in early April that he was in a bad way, like many times previously he had bounced back again and returned to his routine of going to his office on Main Street.

The last time I had coffee with him, some of the conversation of the four of us present was about how many caregivers he was going through. He always retained a sense of humor.

The numismatic world has lost a giant.

When Chet founded Numismatic News with the Oct. 13, 1952, cover date, he was simply reaching out to other coin collectors in the same position as he was.

He lived in a rural area. Iola, Wis., was small and isolated. He was a carpenter/contractor in his day job. It was difficult for him to get to the shows and shops that existed then, yet he wanted to be an active coin collector.

Chet thought there were others out there just like him who would want to communicate with each other.

How right he was.

His paper was the founding product of what turned into a major publishing house with interests in many fields.

The business was built using all of the lessons he had learned both from construction and numismatics.

The publishing business was a success. He shared it.

He always said that he did not intend to squeeze the last nickel out of any business deal. He believed when everybody prospered, including his employees, he did as well.

In 1988 he set up an Employee Stock Ownership Plan. Those of us who worked for Krause Publications became participants in this plan and indirectly, shareholders.

When the business was sold to F+W in 2002, the proceeds of the sale were distributed largely to the employees. Even before then, Chet had no financial interest in the business.

Yet the Krause name remained proudly on the numismatic division.

He did not like to be called Mr. Krause as I found out when I first addressed him as boss in 1978.

As the name of a book that was later written, he wanted to be called just plain Chet.

So Chet I called him.

I subscribed to his products as a kid, both Numismatic News and Coins Magazine. I went to work for him after college.

Through both aspects of my life in numismatics, Chet introduced me to the wider world.

Now it is time for me to pay respect as it is for others whose lives he enriched.

It is time to say thank you for a life well lived.

Thank you, Chet.

Buzz blogger Dave Harper has twice won the Numismatic Literary Guild Award for Best Blog and is editor of the weekly newspaper “Numismatic News.”

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2 Responses to We’ll miss you, Chet

  1. Don says:

    RIP Chet. Job well done. Life well lived. Many thanks. Condolences to family and friends. Thanks for everything, Donald

  2. Thai Coins says:

    Will miss my good friend. I visited Chet several times and stayed at the Olsen House. Always having a good time in Iola and got even more keen in my work as a coin dealer. In the 1980th Chet paid me a visit in Norway together the German publisher Battenberg who also published books about coins. I understood that Battenberg inspired Chet to start publishing. We visited the Royal Norwegian Mint and the Silver Mines in Kongsberg. We went to a house up to the mountains and enjoyed a goof Norwegian meal and a few bottles of wine in front of the fire place. Getting advice from two of the leading world publishers in Numismatics was very inspiring, something Chet has given collectors and dealers from all our the world from 1952. RIP my friend. Jan Olav Aamlid, House of Coins, Thailand

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