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 Friday, January 18, 2008
Hola Chihuahua
Posted by colin
Let us go back to the days of Pancho Villa and the Mexican Revolution. Joe Zaffern of Southfield, Michigan, submitted this advertising bank note printed for the Bank of the State of Chihuahua by the American Bank Note Company, New York. Supposedly these were released by revolutionary forces with only one printed signature, which I find very unusual, but that is the information found in the current Standard Catalog of World Paper Money specialized edition.  The nice feature about this note is that it was used for advertising "LA INTERNACIONAL" wine and liquor store located in the city of Juarez and run by Habanero Ripoll. The simple phone number 206 might give a clue to the era of issue. Juarez is located in the State of Chihuahua across the Rio Grande from El Paso, Texas. Thanks to the U.S. Army in 1963 I was sent to Fort Bliss in El Paso for technical training for about a year. Thus, most of my off-duty time was spent in Jaurez searching for coins and checking out the low-end hosterias and tabernas. Local brews were about 12 cents a bottle, tequila and coke with a slice of lime was 15 cents, while a litre of tequila gold might have cost you about $1.25.
1/18/2008 9:52:25 AM (Eastern Standard Time, UTC-05:00)
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 Friday, December 21, 2007
Chinese “Bank” Note Printing 101
Posted by colin
 Lately I have noticed the occasional listing of older wooden blocks used for printing "bank" notes in the Peoples Republic of China in auctions and pricelists. Actually not banknotes for circulation but those "Hell" or "Ghost" notes printed to be burned at funerals so the deceased will have spending money in the here after world. Modern types of these notes can usually be found in certain shops in most any Chinatown here in the states. Not too long ago Bob Reis ( reisbiz@earthlink.net) listed such an item and out of curiosity I ordered it. Much to my pleasure it has a steam locomotive as the central vignette. Reis puts out many price lists covering the "soup to nuts" area of numismatics . Looking at this printer's block more carefully it is hand carved into a hunk of a small log with the natural outer curve being under one's hand and a large character "Shang" is carved in it. It measures 4 7/16" x 5 7/16" x 1 13/16" thick with finger indents carved into each side. Being very well stained with red ink it has had some use but I have never encountered an actual note printed from it.. Another point of  interest is that it has two different "bank" titles at top center. The upper note is for 1 Yuan with 1's in all four corners and Chinese characters for 1 yuan in guiloches at left and right of the locomotive. Below the locomotive is the date 1975 in Chinese and Western numerals. The lower note is also for 1 Yuan but one guiloche has been replaced with 5 stars encircled which refers to the Peoples Republic of China but below this is" VI / YUAN" which is obviously an error done by the carver of this wooden plate. Having taken linoleum block printing in 7th or 8th grade I decided to become an apprentice printer once again. My first stop was at the local art store where I purchased a tube of red ink and a roller. Then I stopped at a friend's print shop here in Iola and we not only tried the ink I had purchased but even tried some of the inks that he normally uses but without any luck. The type of ink that the Chinese printer used with this wooden block remains a mystery to me.
12/21/2007 9:08:59 AM (Eastern Standard Time, UTC-05:00)
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 Tuesday, December 18, 2007
Unusual Advertisement From Mexico
Posted by colin
 The countermarking of coins with business advertisements is usually considered a thing of the past done more in the 18th - 19th centuries. I had won this particular lot in a local Kurt Krueger auction here in Iola 15 years ago and it recently turned up while I was searching for some other items. The host coin is a "Una Onza Troy" Balance Scale silver bullion coin struck at the Mexico City Mint in 1949. The countermarking is cleverly placed in the four fields surrounding the coin screw press and reads "GENERAL - POPO / 25 ANOS / 1924 with a comical looking figure at lower right. I was told some years ago that this translates to the 25th Anniversary of General Tire in Mexico City. 
12/18/2007 5:14:36 PM (Eastern Standard Time, UTC-05:00)
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 Wednesday, December 12, 2007
Unknown Jeweler’s (?) Countermark
Posted by colin
  Amongst my various accumulations I've had this rather mysterious or unidentified countermarked 8 reales for about 40 years now just hoping someday it might be identified. The countermark is very well done with raised letters "J.J." in a scalloped indent. The host coin was struck in 1800 at the Lima Mint with initials I. J. and appears to be sea salvaged or perhaps grave dug. The black crud on it is impossible to remove as I tried various non-silver cleaners so I'm guessing it is in fact oxidized silver.
12/12/2007 5:37:28 PM (Eastern Standard Time, UTC-05:00)
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 Tuesday, December 11, 2007
Fiscal Remnants of the Romanov Rule
Posted by colin
 I recently purchased a group of 15 pieces of the Russian Imperial 5-1/2% obligations or Internal Loan dated 1916 with a value of 1000 Roubles, which was quite a sum of money back then. The interesting part is that they were issued by the Bank of Commerce and Trust Company located in Memphis, Tenn., and were still in the original bank packet or folder. These obligations were to mature in 1926 while the coupons would still be redeemable until 1936. Notice only one coupon was clipped and possibly redeemed from all 15 obligations. Czar Nicholas II was forced to abdicate and the lengthy rule of the Romanov family ended in March 1917. This was mainly due to years of injustice and the mounting financial pressures of World War I. A provisional government known as the White Russians replaced the Czar. Increasing heavy losses at the front and the fear of a German military advance on Moscow had almost eliminated any support for the war and heavily taxed the provisional government's authority.  As the Red Russians started to take over control, the Germans secretly transported Vladimir Lenin from exile in Switzerland into Russia in a sealed train. Lenin was to lead the Bolshevik uprising. The following spring, the new Communist regime signed a treaty with Germany ending Russia's involvement in World War I. On July 17, 1918, the Czar along with his wife, children and servants were executed near Ekaterinburg.
12/11/2007 5:38:02 PM (Eastern Standard Time, UTC-05:00)
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 Monday, December 10, 2007
Posted by colin
 Almost 50 years ago while working as a design draftsman at Columbus McKinnon Chain Corporation located in Tonawanda, N.Y., I spent most of my lunch hours going to the local banks and picking up rolls of coins to search through with one of the office managers, Raymond Huckles. Each day we would do one denomination. Of course this is way back in the "good old days" of circulating silver coinage. I think my favorites were Buffalo nickels and Mercury dimes. Can you imagine being greatly disappointed after opening a BU mint wrapped roll of Morgans dated 1921 or Peace dollars dated 1922? Well at the time I certainly was. Back to the banks they went. Semi-key dates occasionally appeared and they were checked to see if they upgraded either of our collections with the lower grade  specimen going back into the roll. We would press them in the inexpensive blue albums produced by Whitman in Racine, WI. These albums were found in various local stores such as the "five and dimes.” A few years ago a very good friend, Istvan Hegedus, who lives in Hungary asked me if I could help him out with his USA coin collection. He included his want list by date and mint no less. Looking it over I noticed how weak his JFK holdings were so off I went to the local Iola bank returning with $100.00 worth of JFKs in rolls. Much to my amazement it did not take too many trips to other local area banks to start filling in most of the gaps with coins in pretty much AU – Unc. condition. I found one silver and three silver clad JFKs before I felt that over 50 different dates and mints should complete this task for my friend, Istvan.  Well one never gets over the fun of the search in coin collecting and half dollars are probably the only easy denomination to put together an AU - Unc. set of circulation strikes. I gave a call to an area dealer friend, Fritz Voecks at Fox Valley Coin, and asked if he had a used Whitman Classic JFK album kicking around and a week or so later it arrived in the mail. The first thing I did was re-label the dates eliminating the "S" mint proofs in the copper-nickel clad series. This gives one the "P" and "D" side-by-side two dates across. So far I have accumulated over 40 different dates and mints in AU - Unc. condition and found two silver clad in XF condition dated 1967. The latest date I found was a slightly circulated example dated 2001 so my collection so far stops in 2000, but you can be sure the hunt will co  ntinue on. The nice condition duplicates are being sent to my "horse trading" friend Juozas Minikevicius over in Lithuania where they are rather popular, while the well circulated examples are all being spent here and there, giving them another brief period of freedom from a bank vault. It is very amusing to hear a young cashier look at them and say: "Oh, these are half dollars aren't they?" Their cash register drawer usually has rolls of dimes or quarters in the half dollar compartment or start with the quarters at the side.
While I was going through 20 rolls of Kennedy halves from one of the local banks, a co-worker went to the other branch bank in town for some Kennedy halves for a gift. Much to her surprise she found a Walking Liberty half dated 1940. Rather well-worn and with a large "ED" scratched in the obverse field it still has a melt value of about $7.00 or so. So why not try your luck at small town branch banks? One never knows what might be waiting for you.  
12/10/2007 10:02:23 AM (Eastern Standard Time, UTC-05:00)
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 Monday, November 05, 2007
Railroad Stocks and Bonds – Part I
Posted by colin
 I grew up in North Tonawanda, N.Y., located where the Erie Barge Canal joins the Niagara River in Western New York. "NT" was noted for being one of the largest lumber industries and ports on the Great Lakes and was referred to as "The Lumber City." The lumber industry also attracted various railroads such as the New york Central, Erie and Lehigh Valley which ran through Buffalo, N.Y., on into Niagara Falls, N.Y., and then across the border into Niagara Falls, Ontario, Canada. Being just a kid in the 1950s, I witnessed the demise of the powerful steam locomotives giving way to the new diesel locomotives being built by such firms as ALCO, Baldwin and Fairbanks Morse, which all have been out of the railroad locomotive building business for decades.  A postwar Christmas gift of a Lionel train set really put railroading into my blood and now I collect (or accumulate) HO model trains and various railroadania such as kerosene lanterns of all types. A rather interesting but somewhat obscure field of numismatics is collecting stocks and bonds of "fallen flags" or railroad companies of yesteryear. When properly framed, certain examples make wonderful additions to one's office or den walls. Many colorful examples with exquisite engravings are very inexpensive, while at the upper end we find those with actual signatures of the railroad barons of days gone by rather costly. The example I am illustrating is from the Atlantic & St. Lawrence Railroad Company which was chartered in Maine on Feb. 10, 1845. Printed in black, the central vignette is of a mid 19th century wood-burning "American" steam locomotive with a wheel arrangement of 4-4-0. Printed by the Continental Bank Note Company, this is actually a very early type of certificate that was continually issued prior to World War II. Being denominated in 100 pounds sterling, these were floated in England and this one was issued to "The English Association of American Bond + Share Holders, Limited" on April 1, 1938, or as we call it, "April Fool's Day". A separate sheet still has 25 coupons remaining of the original issue of 40 coupons when it was handstamped "CANCELLED".  For reference purposes, I have a recent copy of Terry Cox's "Collectable Stocks and Bonds from North American Railroads - Guide with Prices, Second Edition" which is one large comprehensive catalog. Just paging through it, the names of "fallen flags" or railroads gone by the wayside or having been absorbed by ConRail or other larger railroads bring back many memories. Cox can be contacted at: tcox@coxrail.com.
11/5/2007 12:42:46 PM (Eastern Standard Time, UTC-05:00)
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 Thursday, November 01, 2007
Ganesha, Hinduism’s favorite representation of God
Posted by colin
 Way back in the late 1960’s through early 1970’s I was dealing in foreign coins and paper money, specializing in the Asiatic areas. As coins of British India and the Indian Princely States were a favorite, including the many varieties of temple tokens, I became rather familiar with their various gods and goddesses. My favorite is Ganesha, sometimes referred to as Ganapati, who is the best-known, beloved representation of God and most worshipped divinity in India. It is widely believed that, “wherever Ganesha is, there will be success and propriety.” He is quoted as “the Lord of Obstacles,” or Vignesha. He is considered to be the eldest son of Shiva and Parvati. How he ended up with an elephant’s head is indeed a very interesting story that can easily be searched through various sites. Not too long ago I was given a bronze fantasy ½ Anna token purporting to be an issue of the British East India Company dated 1839. Measuring 32mm with reeded edge, it weighs 12.81 grams and obviously was struck for  religious and perhaps the tourist trade. Following shortly after, a contact in India sent me an actual bronze coin weighing 3.4 grams and measuring 16.4 x 15.5mm. The obverse depicts Ganesha seated facing, while the reverse has a lattice design that is rather common to certain areas of India, but I have been unable to pin down the origin or era of issue.   
  Recently while trying to locate another coin in my “accumulation,” I ran across a modern silver bullion piece portraying Ganesha seated, measuring 23.85mm and weighing 4.95 grams. This piece is very typical of the gold and silver bullion struck for jewelry, gifts and storing wealth in modern-day India. Naturally, a very nice premium is included in the price as these are usually struck in 0.999 fineness.
I have expanded the bullion issues under India-Republic in the forthcoming 5th edition of Unusual World Coins to give a broader sampling of their very attractive and rather interesting bullion pieces.
Printed on one side at the top. The full sheet measures 205 x 342 mm.A few decades ago there was quite the influx of various large revenue stamped fiscal papers coming into the world paper money arena from India and Pakistan including COURT FEE and hundis printed not only for the British Colonial Offices but many for the Indian Princely States. Some were merely crude hand or block printings while others were very professional engraved printings featuring Queen Victoria, Kings Edward VII and George V and the various rajas of the states. A more unusual Court Fee paper I have is for 40 RUPEES from Kurundwad (Kurundvad, Kuruntwad) Senior Branch featuring Ganesha at center. Kurundwad Senior is a small town located on the banks of the Panchganga River in Kolhapur District. Coin collectors would recognize this area as the old British Bombay Presidency. The current raja is Shrimant Bhalchandrarao II Chintamanrao Patwardhan. There also exists a Kurundwad Junior Branch.
11/1/2007 9:20:31 AM (Eastern Daylight Time, UTC-04:00)
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 Tuesday, October 30, 2007
Elusive French Colony in North America – Part II
Posted by colin
 I had never thought that my blogs would reach out in a way that helps certain pieces come together, but now I know differently. The other day, George Cuhaj, editor of the Standard Catalog of World Paper Money series was preparing the last of an interesting collection he has on loan for color scanning. He called over to me and mentioned that he had read my blog on St. Pierre & Miquelon and was wondering if I would be interested in adding a note or two to my collection because the notes he had already scanned would eventually be for sale.  Well, I hadn’t really thought much about adding to my two notes, but when he showed me these three examples I thought to myself, “why not?” The obscurity of these islands and their issues of paper money presented quite a challenge indeed, despite the fact that these three examples were being offered to me at full catalog – ouch! But with years of experience behind me, I know very well when something exceptional or elusive is offered to you to enhance your collection – DO NOT HESITATE!! (That’s why banks give out loans – if actually needed.)  The 5 Francs notes belong in the ND(1950-1960) series, along with the 10 and 20 Francs illustrated previously. An early sailing ship is portrayed at left, while Louis Antoine de Bougainville is at right. On the back, it appears to be a well-dressed Polynesian woman leaning on a basket of fruits, local residence at right with palm trees and volcanoes in the background. Now we not only have African motifs, but Polynesian also. The next two notes are very interesting as they were originally printed for “La Reunion,” another French colony, and were revalued in 1960 to reflect  the monetary reform of 1 Nouveau Franc = 50 old francs. A stunning portrait of Belain d’Esnambuc at left and an early sailing ship at right. On the back side is a woman facing 3/4 right holding a shaft at left with a hut in the background with native art at the extreme left and right. The watermark appears to be a female head. As for varieties, the first has five digits at the top and three digits in the panel at lower left. The second variety has nine digits above and five digits in the panel at lower left.  
10/30/2007 10:13:21 AM (Eastern Daylight Time, UTC-04:00)
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Posted by colin
 Watching a couple of ghoulish movies on TV this past weekend reminded me of a very unusual token in my collection that came out of an old estate. As editor of Unusual World Coins, which also includes some token issues, I’m always looking for more possible entries, but this token certainly does not fall into the UWC arena. What I have here is a cemetery token struck in brass, 4.40 grams, 25.63mm with plain edge. The obverse legend is CALVARY CEMETERY around the inscription, DEPOSIT/15/CENTS. The reverse inscription reads: DEPOSIT WILL BE REFUNDED UPON RETURN  OF BASKET OR TROWEL Calvary Cemetery is located at 301 Chicago Ave. in Evanston, Illinois. Happy Halloween!   
10/30/2007 9:39:14 AM (Eastern Daylight Time, UTC-04:00)
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 Wednesday, October 10, 2007
Response
Posted by colin
The following e-mail and image were sent from Dennis Moseley-Williams in response to the blog, "What is it?"
 Hello, I was sent an interesting link to Mr. Bruce's blog - where he showed a specific coin, and asked if anyone knew what it was. I do. The coin is a medal from Keewaydin Canoe Camp - an American camp that operates in Canada - and has since 1893. In 1911 we had a camper named W. Patton. I have attached a photo of the plaque that hangs at camp to this day. Somehow that medal, that W. Patton would have won as a young boy, found its way to Mr. Bruce. This coin/medal has a lot of alumni talking - fun that it turned up. http://temagami.keewaydin.org/Dennis Moseley-Williams
10/10/2007 11:27:08 AM (Eastern Daylight Time, UTC-04:00)
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 Tuesday, October 02, 2007
Elusive French Colony in North America
Posted by colin
 How many friends and relatives do you have that have actually visited Saint Pierre and Miquelon? They are small islands located about 10 miles off the south coast of Newfoundland. It was originally claimed by the French in 1604 and later captured by the British in 1702 and held until 1763, at which time they were returned to the French. They passed back and forth between these two powers on six more occasions until they were finally awarded to France by the Treaty of Paris in 1814. Cod fishing is the major industry for this little island of 93 square miles.   Only two coins were issued in 1948 with denominations of one and two Francs, both struck in aluminum at the Paris Mint. Adding two essais and two pieforts, one would have a complete collection of six coins with a total catalog value of $377 in brilliant uncirculated condition. Maybe some day in the near future the editors of the North American Coins & Prices here at Krause Publications might just find a little space and include these few coins.  But if you collect paper money, putting together a complete set is virtually impossible as the first issue was a 27 and 54 Francs issued between 1890 and 1895, followed by another 27 Francs issued in 1897. A local Chamber de Commerce issue denominated from 0.05 Franc through 2 Francs was issued in 1920 to alleviate a French coin shortage resulting from World War I. World War II is where it really gets interesting as notes printed for French Equatorial Africa with special  serial number ranges were released there in 1941, 1944 and 1947. I am illustrating two notes of the ND (1950-1960) release to give examples of the excellent vignettes and quality multi-colored printing. The 10 Franc note has a wonderful rendition of Colbert at left with early sailing ships in the background at right on the face. The back displays jungle fruits with an African partially covered canoe, which was a family residence.  The face of the 20 Francs has L.E. Gentil at right with an African village scene at left. The back illustrates two African native males with a waterfront village scene in the background. A total of 35 notes are listed in the Standard Catalog of World Paper Money series and the notes that are available can be rather costly, but where else can you find any notes issued with African motifs for somewhere in North America? 
10/2/2007 10:05:56 AM (Eastern Daylight Time, UTC-04:00)
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