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 Wednesday, March 26, 2008
New Color Fives hit small-town America !
Posted by george

Waupaca County already had examples of the color $5.00 bill on Monday, with tellers at the First National Bank office in the county seat of Waupaca ready to distribute examples to customers (me) who were requesting them. Those I received were from the IB block of the NYC Fed (B2), printed in Fort Worth from face plate 5, 6, and 7).Fives001.jpg

On Tuesday, I asked the tellers at the Iola branch of the Premier Bank. I received again (IB) block from (B2), and Face plate examples of 5, 6, 7, 8. However, looking at the range of serial numbers (and the abundance of zeros), I noticed that I was 1000 numbers away form a nice radar note. Sadly, the bank did not have it. So I have a note which is one (central) digit from being a nice radar.

Oh well. The bills are nice.

George

 

 



3/26/2008 10:47:45 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
Time for a road trip - CPMX Show in Rosemont, Ill this weekend.
Posted by george

This weekend I will be attending the Chicago Paper Money Exposition in Rosemont, Ill. at the Crown Plaza Hotel, 5440 North River Road, across the street from the Dinner Theater and the Stevens Convention Center.

The Show is open to the public at the regular admission rate on Friday, Saturday, and early Sunday. Early Bird entrance at a premium fee is Thursday afternoon.

Usually more than 50 United States and 10 or so World Paper Money dealers are in attendance, and a major auction will be conducted by Lyn Knight Currency Auctions.

Meetings of several clubs will also take place during Saturday.

It is a great way to start the spring show season off. I am ready for the road trip.

See you there!

George

 



3/26/2008 10:16:50 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
Numismatics and poetry, High School daze flashback
Posted by george

Each morning I get a subscription email from NPR called the Writer's Almanac. It is also played on many NPR stations at about 8:30.

Today it noted the birthdays of four important people - Robert Frost, Tennessee Williams, Joseph Campbell and A. E. Housman. The first three are generally well known, but it was the last that struck me.

Frost is known to poetry readers for the Yankee / New England viewpoint of things; his poem presented during the Kennedy inauguration, and the famous line of "a road less traveled." I have often been on those roads.

Joseph Campbell is known through the 1990s Mythology series with Bill Moyers which was presented on PBS. I knew about him earlier in the 1980s as he was a professor at Sarah Lawrence College, and my friend Michael Druck spoke about him on occasion.

Tennessee Williams wrote many classic plays, and Streetcar Named Desire is a favorite of mine. Not at first for the story, but the use of the streetcar. My first trip to New Orleans was as a teenager in the late 1970s, and I got to ride on those stalwart streetcars, as well as photograph the unrestored New Orleans Mint.

However, it was the mention of poet A. E. Housman that struck me most. It was in speach class as a sophomore in Brooklyn Technical High School that I became familiar with his work. We were assigned a project to recite a poem. I decided to choose one which had a numismatic connection, and as a collector of British type coins at the time (I exhibited coppers of George III at the NY ANA in 1976, yikes that was a traumatic experience). I fell into Houseman's "When I was one and twenty" which includes the lines: "When I was one-and-twenty / I heard a wise man say, 'Give crowns and pounds and guineas / But not your heart away. / Give pearls away and rubies / but keep your fancy free. / But I was one and twenty / no use to talk to me."

Many of those lines I could still recite today.

Written in the last part of the 19th century, I knew that crowns and pounds were coins, but the guinea did not exist as a coin after the 1820s. But it continued in use as a measure of account, usually to make expensive items sound cheaper. (The guinea is 21 shillings, the pound is 20 shillings). Thus houses, cruises and other items were rendered often in guineas rather than pounds.

I was leaning economics as well as poetry.

George



3/26/2008 9:36:10 AM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
 Monday, March 24, 2008
Tibet on our mind.
Posted by george

With one of the largest religious fest days in the Christian calendar just past, I've been drifting to another part of the word which has been in the news - Tibet.

Prior to the Chinese occupation, this independent country had a great heritage of banknote and coin production. Here is an example of a 100 Sarang note from the 1942-1959 period, and is listed at #11 in the Standard Catalog of World Paper Money, General Issues volume.

It is beautiful in its complexity, yet simple in production - Wood Block printing on hand made paper. No portraits of the Dali Lama.

The colors are quite traditional too.

Beautiful stuff from beautiful people.

Georgetibet001.jpg

 

 



3/24/2008 6:38:44 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
 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]