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Letters to the Editor
- Letters to the Editor (July 19, 2016) Chet’s life touched so many in hobby and beyond On June 25, we all lost a good friend and a great numismatist: Chester L. Krause, who was born on Dec. 16, 1923. Besides being a World War ll veteran and builder, a man called “Chet” was a numismatic icon who spoke in a mild and knowledgeable ...
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Could the trend of the coin market be tracked by following the results of a weekly or monthly local coin show? It would be necessary to have all the dealers at that show share their invoices to track the transactions … Continue reading
By Richard Giedroyc Why was the Hobby Protection Act enacted? Replica coins and bank notes are not meant to deceive, but to be sold as souvenirs or examples. Too many entry-level collectors were purchasing these without understanding these replicas are … Continue reading
By Richard Giedroyc When was the original gold deposit placed in Fort Knox? The U.S. Gold Bullion Depository at Fort Knox, Ky., was built in 1936. In the first six months of 1937, there were 445,501 gold bars, weighing 157,820,192 … Continue reading
Was counterfeiting coins ever a capital offense in the United States? Benjamin Franklin used the slogan “to counterfeit is death” on Colonial paper money and he printed it for a reason. George Washington demanded David Farnsworth and John Blair, two … Continue reading
By Richard Giedroyc Worthless broken bank notes were churned out by 19th century banks. Did any of these banks issue their own coins? The closest thing we have to what I would have called “broken bank coins” are company store … Continue reading
By Richard Giedroyc Did Adolph A. Weinman have any specific reason for picking the fasces for the reverse of the Mercury dime? A direct quote from the designer: “I selected the fasces and olive branch to symbolize the strength which … Continue reading
By Richard Giedroyc How to handle a counterfeit coin at auction Reader Richard Stevenson adds his personal experience to the recent question regarding third-party certification services lack of published reports on the number of counterfeit coins encountered. According to Stevenson, … Continue reading
By Richard Giedroyc Can you explain how pennyweight fits into this weight and purity system for gold? It takes 20 pennyweight to equal one troy ounce of gold. Another way to express this is one pennyweight being equal to 24 … Continue reading
By Richard Giedroyc Daniel Carr designed several of the state quarters. I’ve heard he was responsible for the supposedly non-existent 1964 Peace dollar. Can you tell me about that dollar? Is it real? Daniel Carr designed the reverse for the … Continue reading
By Richard Giedoryc You have warned collectors to use their own grading skills when evaluating coins for purchase. Does that mean we cannot rely on third-party grading services? No. But it is important to point out that there are likely … Continue reading