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 Friday, November 16, 2007
Gold up, Gold Rush! just published by KP
Posted by george

Krause Publications releases Gold Rush! book, edited by Arlyn Sieber with Mitchell Battino as contributing editor.Z1025.jpg

This 6x9 format, full color 272 page book takes the commonly traded modern gold value listings from the Standard Catalog of World Coins Catalogs (19th thru 20th Centuries) and packages them with selected illustrations into a concise guide for the non-collector bitten and smitten by the gold rise in the past two years.

United States, Great Britain, France, German, Austrian, Canadian, Italian issues of circulating types, as well as certain world commemoratives are featured. A handy Gold Bullion value chart is included to assist in the varitation between the price of Gold determined at publication and the current ever-changing (and of late rising) gold bullion price.

List price is 22.99 and it is number Z1025 in the Krause Books catalog, available directly from the publisher, or your favorite book dealer.

George


KP News | World Coin Stuff
11/16/2007 3:56:20 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
Vacation and Book Production
Posted by george

December tends to be my busy month, with the editing of the next edition of the Standard Catalog of World Paper Money, Modern issues in full swing. So, I tend to enjoy a bit of "down time" in November before the final push.

That is not to say I have be idle in my cube wall all summer. This week alone I have processed over 900 photos of bank notes to scan for our eventual upgrade to NumisMaster's World Paper Money section.

On the other digital project here at KP, I have been testing the NumisMaster segment for the Standard Catalog of U.S. Paper Money. It will be a live version of the catalog, color photos of note types, and should be easy to navigate for the general public to find out information and prices of currency. After that roll-out, the Modern World Paper Money will be next, with General issues and Specialized issues soon to follow in 2008.

For the first time in nearly 10 years I have agreed to go back to Astoria, NY for Turkey day. For only the second time in the thirteen years I have been in Wisconsin, I decided to take Amtrak, but this time upgrade to first class in a roomette (meals included too).

After two anoying airplane trips earlier in the year, I've been trying to stay out of the skyways.

In NYC I plan to induce my Turkeyday comma with friends, visit at least two contributors to the Standard Catalog of World Paper Money, and attend my grammer school's founding 50th Anniversary social.

So, perhaps you'll get a report from me off-site, but perhaps not.

George



11/16/2007 9:12:45 AM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
 Sunday, November 11, 2007
Some Veterans Day reflections
Posted by george

November 11th. Orignally set aside for the rememberance of WWI soilders, as it was at the 11th hour of the 11th day of the 11th month that the Armistice went into effect after it was signed earlier that morning,  as the time to end hostilities on the Western Front. It was signed in a railroad car in the French woods; which was later blown up by the German army during WWII. After World War II it became more widespread to honor servicemen from all wars, and the name was changed to Veterans Day in the US, and Rememberance day in the British Commonwealth. 

Anyhow, it is also the day after my father's death in 1993.Navy015.jpg He spent six years in the Naval Reserves. But with preperations for the wake and funeral, I found out from the funeral home that short term in the reserves does not make him a veteran in the eyes of the Goverment. No plot, no headstone, no honor guard, no flag. So, as we family decided on a closed casket, I supplied a casket flag from my collection. But the funeral home placed it on the casket the wrong way. So, after getting that fixed, I had to show the funeral home staff the proper way to display a flag on a closed casket as listed in the flag regulations. It was the early 1990s and they were just not having the experience anymore with military funerals.

In 1951, his summer cruise was on the USS Navarro APA 215, out of Norfolk, Va. where he got to load 40mm guns.  In 1952 he was on the USS Osberg, DE 538 (destroyer escort) out of Newport, RI where he was assigned to the 5-inch guns aft; and in the fall on the PC 1182 (sub chaser) out of New London, Conn. where they got to cruise down the East River (right past Astoria Park, near where dad lived at the time) into the Brooklyn Navy Yard.NavyMom.jpg

My dad's other activites in the Naval Reserve included a long trip to the Panama Canal, Panama City, Cristobal, Panama and Cartagena, Columbia in late June 1954. On that trip he brought home for his fiance (soon to be wife) a Panama 1 Balboa coin in a jewlery mount. I remember looking at that coin when I was a grammer school student, and Mom still has it.

However, the coolest photo group I have is of the reserve unit's Christmas Party on the training ship Praire State (The former Battleship USS Illinois, of the Great White Fleet fame), with my dad in uniform, my mom in a satin ball gown, and music by Burl Ives and the Bob Logan Band.NavyIves.jpg

In addition to what I rembember of my dad's stories of life aboard ship and his photo album, I have from his collection a lighter from the USS Osberg, and a water decal on metal car topper from the N.R. Surf. Div 3-79, NY.

No matter what else was in his wallet - up until the end, he always had a wedding photo and one of him working shipboard. He was proud of his time in uniform.

So, make sure you have your poppy on this week, and say thanks to a veteran.

George



11/11/2007 1:06:24 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
 Friday, November 09, 2007
Days at the Bullion counter at Deak-Perera, 1980, part two
Posted by george

Working the Bullion counter at Deak-Perera was interesting.

Our store manager was George Parola and he was assisted by an older fellow named Jack. After the numismatic division was closed, George transfered to the Foerign Exchange office which was located in the concourse of the World Trade Center, still later he moved companies and is now with a Foreign Exchange office in the Rockefeller Center complex where he is still. Jack was a veteran of the 1950s and 1960s Nassau Street Coin and stamp shops, he later went to the Stamford, Conn. office.

We had our shipping clerk, Tom, who packed the registered boxes of daily Kuggerrand and Maple Leaf sales. The post office was located on the basement level, so he did not even have to brave the weather.

Eric was another young fellow, who had studied Zoology, but seemed destined to never work in the field. Sometime in the late 1980s he was working as a floor manager at Macy's flagship 34th Street store.

There were one or two others, and some were a bit odd at best.

Then there was the public.

Being by the passport office was a great location for foreign exchange, and the street store got lots of traffic, but sometimes folks would stop into the numismatic division by error. On one of the days, it was Tiny Tim.

It was interesting to learn the rules pertaining to cash transactions, tax implications on taking possession or having stuff mailed, and remembering not to set off the alarm by removing the last bill in the cash till.

Working with the public was exciting. On one ocassion I was buying 11 ounce pieces, thus getting near to the 10,000 cash reporting limit, from a well dressed husband and wife who said they were farmers in the upper Midwest. A day later he came in again with his wife for another transaction. Finally, on a third visit, this time alone, he confessed that his wife should not know about this third sale. But he felt it was time to cash out of gold and move into something else.

Mostly we had Maple leafs, and Kuggerrands (there was not an embargo on them as yet) On a lesser scale, British Sovereigns, French 20 Francs and German 20 Mark coins, then Austrian and several others.

On several occasions we had UN diplomats visit. They got to exchange gold to cash without limit. We just needed to photocopy their diplomatic identification. This lady and her escort asked to make use of our private room, and then she started to pile out 1, 2-1/2 and 5 pahlevi coins. Those were nice to see, and when all was said and done the Shah's daughter left with a large bit of cash.

Life and times in the big city.

George



11/9/2007 11:11:16 AM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
 Tuesday, November 06, 2007
Yikes, Gold at 28 year high!
Posted by george

Okay, so gold today has gone over $825.00 an ounce, the highest since January 1980.

Boy, does that bring back memories. In 1980 I was at the ANS doing some research work on their transportation token collection when then curator of Modern Coins, Richard Doty received a call from the firm of Deak-Perera, looking for a fellow with some coin knowledge interested in working the counter of their 5th Avenue location. As I was there at the time, Doty recommeneded me, and within a week I had an interview, was getting a polygraph test, and figured out a college class schedule that was Tuesday-Thursday classes, leaving three days at the "office".

The midtown office was a first floor location opposite St. Patrick's Cathedral which did Foreign Exchange. The second floor office, just off the escalators from the lobby, was situated near the entrance to the New York Passport office. That second floor office handled the "Numismatic" trade, and Bullion.

In January it was crowded. People three and four deep at the counter. We has a front counter for gold and collector coins, and a side counter for silver, with a coin counter. The staff would be given price updates throughout the day, and we would buy or sell gold, and pay out in check or cash, up to the reporting limit of 10,000.

February, March, gold settled back. The office got quiet. April saw a two week NYC Subway Strike and a very quiet office.

By June, I was gone. Unemployed. However, I was soon back at the ANS, as a part-time photographic department clerk thru the rest of my college years.

I meet some fun people in that 5th Avenue office. Some I still see in the NYC numismatic scene, some I've never seen again, and others have gone onto their great reward. Including Mr. Nicholas Deak, who was shot in his 29 Broadway office in 1985.

What will gold do this time? I do not know, but it has brought back some fun memories for me.

George

 



11/6/2007 3:14:18 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]