Free Updates

Let us tell you when new posts are added!

Email:

Navigation

Categories

Search

Archives

<March 2008>
SunMonTueWedThuFriSat
2425262728291
2345678
9101112131415
16171819202122
23242526272829
303112345

More Links


 Friday, March 14, 2008
New color $5 Federal Reserve Notes had first spend March 13th
Posted by george

The new color $5 Federal Reserve Notes, featuring a larger portrait of Lincoln, a circle of stars, along with two different 5 watermarks and a large purple 5 on the back have been released March 13th.

The first spend event was at the gift shop at the recently restored cottage that Abraham Lincoln used as a "summer" White House on the grounds of the Armed Forces Retirement Home in northwest Washington DC.

The new bills will eventually work their way into the banking system, and you should be seeing some soon.

George



3/14/2008 9:19:09 AM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
 Wednesday, March 12, 2008
Courtesy Signatures, be careful out there.
Posted by george

The term courtesy signature for banknote collectors has a special connotation. It is a bank note that has the real signature of the Secretary of the Treasury or the Treasurer of the United States, on the note above their printed signatures.

I’m sure folks have been doing it for a long time. They are known with some Secretary of the Treasury officials going back to the beginning of federal currency in the 1860s. (Actually some of the early notes have real signatures anyhow).

 

Often the officials had an opportunity to purchase the low serial numbers, and would then autograph them and present them to friends. This probably started in a major way with the introduction of the Large Size Federal Reserve Notes in 1917.Withrow001.jpg

 

But what I’m showing today are two examples of the signature of Mary Ellen Withrow, Treasurer on the 1993-1999 series Federal Reserve notes.

 

When one has a real signature, the person signing never can really sign twice. There are subtle difference in the flourishes and the length of the signature.

 

Politicians since the late 1950s have had access to a machine called the autopen. It produces a signature on any document. It follows a template. Thus at the start and stop of words, there is often a larger dot of ink than that formed when writing by hand. In addition, there is often waviness in the strokes of tall letters and descending letters like t’s, l’s and g’s or y’s.

 

If you write by mail, most often these days you will get an autopen, especially if it is from the Secretary of the Treasury. It is always best to get them in person, and thus you should also have nice new bills handy, with a pen of your choice!

 

Know what a real signature looks like, be careful out there.

 

George



3/12/2008 9:34:26 AM (Eastern Daylight Time, UTC-04:00)  #  Comments [1]
 Monday, March 10, 2008
ANS Selling More Stuff - Duplicate Books this time, so they do not have to move them again!
Posted by george

The American Numismatic Society is selling duplicate (and in some cases triplicate) library books so they do not have to move them again. The material is at the current location of 140 William St.

Here are the details and links to avilability lists:

The dates and times of the sale are as follows:
Saturday 8 March 10am-4pm
Wednesday 12 March 10am-4pm
Thursday 13 March 10am-4pm
Friday 14 March 10am-4pm
Monday 17 March 10am-4pm
Tuesday 18 March 10am-4pm

Visitors to the sale will also have the opportunity to purchase any remaining journals and auction catalogues from the lists currently posted
on the ANS website (see updated links below).


Two lists of duplicate sales catalogues have been created. One contains details of sales catalogues produced by US-based dealers, the other of those dealers based outside the US. A list of journals is also posted. While we have made every effort to ensure that the lists are accurate at time of issue, this has been a substantial task and we ask for patience with any errors that may emerge. Likewise, we will do our best to maintain an accurate list of available volumes on the website, but there will inevitably be cases where sales listed are no longer available. We apologize in advance, and suggest that if there is something you really want, then you send in your order early.


Orders should be addressed  by email only to orders@numismatics.org , as should any enquiries.


Prices. There is one price for all catalogues: $2 per volume, with a minimum order value of $20. Shipping will be added at cost.


Payment is accepted by check or credit card.


Please bear in mind when ordering that you are not just acquiring books for your own library; you are also contributing to the future of that of
the ANS.

List of U.S. based catalogues - in pdf format (updated 2.26.08)

 

List of non-U.S. based catalogues - in pdf format (updated 2.26.08)

 

List of Journals - pdf format (updated 2.29.08)



3/10/2008 6:03:03 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
1666 Company buys 1880 Company, Spink buys Smythe
Posted by george

hERE IS THE OFFICIAL PRESS STATEMENT:

SPINK ACQUIRES  SMYTHE , NEW YORK ’S OLDEST DEALER AND AUCTIONEER IN COINS, PAPER MONEY, ANTIQUE STOCKS AND BONDS AND AUTOGRAPHS

    Buys    

London, England - March 7, 2008 - Spink, the world’s leading auctioneers of Coins, Stamps, Medals and Banknotes, Bonds and Share Certificates, based in London and established 1666, has agreed to acquire R.M. Smythe & Company,  specialists in Antique Stocks and Bonds, Banknotes, Coins, and Autographs,  based in New York City and established in 1880. Both Spink and Smythe are known around the globe for their illustrious histories, impeccable reputations and unparalleled expertise. The merging of these two companies is the next logical step in line with Spink’s strategy for the future and will create the first truly global, fully integrated, collectables house.
 
Spink is pleased to announce that John Herzog, owner of R.M. Smythe & Company since 1967, will become a shareholder in Spink. Mr. Herzog will act as Chairman Emeritus of Spink  USA and will participate in the development of the combined entity which is valued in excess of $100million by this deal. Mr. Herzog stated, “I could not think of a better company to acquire Smythe. My wife, Diana, and I have been at Smythe’s helm for 40 years, and have tremendously enjoyed building the business and working with clients and collectors. I look ahead with great excitement to the opportunities presented by this joining of forces.”
 
Since their founding in 1880, R.M.. Smythe and Company has developed into one of the world's premier auction houses, specializing in Antique Stocks and Bonds, Banknotes, Coins, Autographs and Photographs. In 2007 Smythe hosted six major auctions setting record prices for currency, coins, stocks, bonds and autographs.
 
To Spink this deal brings with it an even more prominent position in the American market following the recent acquisition of Shreves Philatelic Galleries. In America , as is already the case in Europe , Spink will continue to operate as a strong competitor in the world of collectables with a “boutique” approach to the business. In 2007 Spink was already number one globally for stamp auctions. In 2008, Spink  USA will strive for the same prestigious position in all categories in which they deal and auction. The acquisition of Smythe brings them closer to realizing this goal.
 
Olivier D. Stocker, Chairman and CEO of Spink, stated “This acquisition is really a powerful match. It instantly creates a leadership position for Spink in Banknotes, Bonds and Shares and Worldwide Coins. We believe it is the perfect strategic move to better service our clients and continue to obtain the best results for them.”
 
 
So there you have it for numismatic news from the weekend!
 
George
 


3/10/2008 5:56:18 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
 Sunday, March 09, 2008
A ten-year memoriam for Robert S. Archer
Posted by george

For the twenty years during which I was active in the numismatic scene of New York City, fall of 1973 thru summer 1994, there was a core group of active dealers, collectors, convention workers and club members who would have contact with each other sometimes weekly, but at most semi-monthly.

There was also some movement between the between certain firms by the staff members.

One of these folks was Robert S. Archer, and I was reminded that this month is the tenth anniversary of his death.

Bob's collecting speciality were early 20th century proof and specimen issues of the British Commonwealth. Many of these were struck at the Heaton Mint. They are beautiful coins. They were sold in a Sprink sale.

His professional career took him first from a life as a Madison Avenue advertising account executive to the Numismatic Director of Spink & Son, USA Inc. which opened with a boutique office on the 19th floor of 445 Park Avenue. They held sales in special locations for the time - The Plaza Hotel and the Waldorf-Astoria. At the Waldorf sale, they also intrduced the book Art of Coins and their Photogrpahy, with a reception that not only included finger food, but a string quartet.

Upon leaving Spink, he would spend time at the numismatic department of William Doyle Galleries, mostly dealing with estate collections, then Sotheby's, and finally, Stacks / Coin Galleries where I got to work with him for four years before my re-location to Wisconsin.

When I got to be his co-worker, he was recovering from a divorce, and had a wonderful daughter, who would eventually attend Harvard.

Bob had trouble controlling his diabeties, and after a long a steady decline, he had one health issue heaped upon another. Toward the end he was having a most difficult time and was mostly confined to a wheel chair.

Be careful out there.

George



3/9/2008 7:55:49 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
 Wednesday, March 05, 2008
Smythe Sale of World and U.S. Bank Notes!
Posted by george

R.M. Smythe will be holding a World and U.S. Paper Money sale in their NY Offices Thursday March 20th.

A total of 889 lots will be offered. Catalogs can be had by calling 212-943-1880, or the listings are viewable and bidable from their website at

www.smytheonline.com . It is sale #278.

The sale starts with 279 lots of World Paper Money, including many specialized runs of British Commonwealth nations in very nice condition. A highlight is a selection of Siam examples of S101, 102, 103, 104 all as specimens, and a wonderful example of S127r2 as a cancelled note. In addition a Thomas de la Rue Bank of Thailand presentation book from the 1953 series is offered.

The U.S. Section includes a nice offering of Large Size and Small size issues, with a nice run of star notes, Fractional Currency, National Bank Notes, Colonial Currency, Obsolete notes and some errors.

For the first time the World note section, and part of the US notes in the sale are illustrated in color.

George

 



3/5/2008 8:53:52 AM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
 Saturday, March 01, 2008
Russian Oil Derricks - Not, it is a Svanetian tower!
Posted by george

In my position as editor of the Standard Catalog of World Paper Money series, we get lots of emails to confirm identifications and correct or enhance listings.
 
One of these recent emails is from Mike Woodcock who is an American living and working in Tbilisi, Georgia.Rus-S635.jpg
 
He writes to inform us that our identification of Russia, Tran scaucasian S635  75,000,000 Rubles as presented in the Specialized Issues catalog, as having "Oil derrick on back." is wrong. However, for one who is familiar with American Stocks and Bonds of the 19th Century Pennsylvania era, they are very close.
 
Mike informs us with a current photo that " these tall structures are Svanetian towers only found in the Northern part of  Georgia in Ushguli Village.JPGSvaneti Province.  They were used as defensive bastions hundreds of years ago and today are used primarily for storage and as stables for livestock. The image I have included is of the towers from the town of Mistia in Svaneti that I took.
 
Welcomed information like this only enhances our catalogs, Thanks Mike!
 
George


3/1/2008 12:12:28 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
 Wednesday, February 27, 2008
Artist Johnny Swing make use of coins in his furniture series
Posted by george

At the opening of the Museum of American Finance, I had the opportunity to speak with featured artist Johnny Swing.1-13-2008-059.jpg

Mr. Swing makes couches, chairs, tables, bowls from circulating clad or other base metal coinage.

Mostly nickels and quarters.

He welds the coins together, and supports them on bars, which then attach to other bars forming the main support and structural design.

They are sold at prices far exceeding face value. As an artist I appreciated the innovative technique and the comfortable form of the finished product.



2/27/2008 7:22:48 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
Serbian and Yugoslav Paper Money reference by Stojanovic
Posted by george

Zeljko Stojanovic recently released his Standard Reference Guide to Serbian and Yugoslav Paper Money book.serb001.jpg

It is wonderful !

Presented in a handy 5-1/2 x 8 size, the 278 pages include full color reduced size illustrations of bank notes, and listings presented in Yugoslav, German and English. Prices in multiple conditions are also included.

Each note is accorded its own catalog page, or more, if detailed variety information warrents. Note from 1876 to present are included, and are referenced to the Standard Catalog of World Paper Money catalog numbers.

Books are available directly from the author, and are priced at 35 Euro, or $50.00 USD plus postage. Contact Zeljko Stojanovic at: catalogpmserbia@yahoo.com 



2/27/2008 7:06:53 PM (Eastern Standard Time, UTC-05:00)  #  Comments [1]
 Tuesday, February 19, 2008
Stack's Feb. 26-27 Sale offers goodies.
Posted by george

Often called the currency of fame, the portrait medal is a special item. Not many of us have one to present to friends. Today is primary day in Wisconsin. Politics have been on my mind of late, I've even received (electronic) phone calls from most of the remaining candidates, their husbands or past governors for support.

However, when all is said and done, and the November election is over, this fall a bi-partisan inaugural committee will select a sculptor to honor the inauguration of the next president.FDR1933.jpg

For Franklin Roosevelt's first term, Paul Manship was selected. For another Manship work, might I recommend the Prometheus statue at Rockefeller Center in NYC, just past the ice skating rink, and under their Christmas tree.

The medal is a beautiful high relief portrait. The series of inaugural medals by this committee are only about 110 years old. It is a very nice set.

Stack's Rare Coins, in NYC is offering this medal, as well a many others from 1897 thru 1960. Check out the firms website at

www.stacks.com .

George



2/19/2008 4:13:53 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
 Tuesday, February 12, 2008
An anniversary - 40 years in Scouting, 32 since Eagle
Posted by george

Lincoln's Birthday.

It is an interesting association / reminder date for me. 32 years ago on February 12th, I sat for my board of review held by members of our boy scout troop's committee and a representative from our district for the rank of Eagle Scout in the Boy Scouts of America. Yes, and they saw fit to approve the application too!

It was in the meeting rooms of the Astoria Presbyterian Church on 33rd street, next door to where I lived. Troop 90 was sponsored by the church since 1928.

Scouting was good for me. The program kept me off the streets while growing up. Scouting got me out of the city for weekend trips to the country. Events got me comfortable with alergies. The advancement program expanded my horizons. The merit badge program re-enforced things I liked to do - stamp collecting, coin collecting and railroading were my first three merit badges, followed eventually by printing, computers and photography. All topics which have become connected with my profession. (I have often said that if you look at a fellows merit badge sash you could see what he was to become in life.)

Being in a troop taught me a bit about group dynamics, personalities, different opinions and religious beliefs. ovalhat-bwr.jpg

I was involved in the program since a cub scout, so at 16 when I became Eagle,  I was in the scout uniform for half my life. It was a big thing to have completed the advancement levels.

It has been a foundation to give back. I followed the example of the scoutmaster at the time, Joseph Chavatel. He earned his Eagle Award in the troop in 1964, and when he returned from service in Vietnam got involved in the troop as scoutmaster for 7 years. When his job took him to Washington DC, after a short interium, I took over the troop as scoutmaster which I did for 15 years until moving out to Wisconsin. Sadly after the short service of the scoutmaster after me, and 70 years in Astoria the troop closed.

However, I still see the program as a positive, and have remained active on a Venture Crew committee here in Central Wisconsin.

I've even gotten to write a book - the Standard Price Guide of U.S. Scouting Collectibles, which is still availale (autographed) from the author at a discounted $15.00 postpaid.

Do I disagree with some of the policies of the movement? Yes. (Can you say the three Gs) But as Michael Bloomberg reminded us in attendance during a Greater New York Council Eagle Scout Dinner some years ago (before becoming mayor of NYC) it is better to remain in the movement and try to affect change from within than leave the movement and try to do it from the outside as a non-member.



2/12/2008 12:54:47 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
 Monday, February 11, 2008
eBay community Feb. 18-25 strike! Sellers of the world unite!
Posted by george

eBay Strike !

 

Well it certainly was news to me, but now it has gotten my attention.

 

I’ve been active on the internet auction site for just over ten years now. I’ve both sold items globally, and bought things locally - the stuff that we crowd into our lives for comfort or profit – and have had the opportunity to have some great email exchanges about experiences.

 

However, while reading a CNN story over the weekend, it alerted me to the strike. Then I went out to YouTube, and there was a very informative video. They I got to read on the eBay site the listing of all the fee changes to go into effect February 20th.

 

Yikes. A shot across the bow.

 

At times this winter I have had over 50 items listed each week. Now I have one, and next week, it goes away for a week.

 

George



2/11/2008 9:31:30 AM (Eastern Standard Time, UTC-05:00)  #  Comments [1]