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A great educator and ambassador: The hobby community marks the passing of J.T. Stanton

J.T. Stanton, Mike Ellis, and Bill Fivaz pose with the Cherrypickers’ Guide at the American Numismatic Association’s summer 2006 World’s Fair of Money in Denver, Colorado. J.T. Stanton, one-half of the creative team (along with coauthor Bill Fivaz) behind the Cherrypickers’ Guide to Rare Die Varieties of United States Coins , died October 19, 2018, following a brief illness, at the age of 66. He was surrounded by his family at the time of his passing. If you asked J.T. what his initials stood for, he would reply, “Just Terrific!” (Actually, it’s Jeffery Thomas.) He was born in Macon, in the heart of Georgia, about 85 miles south of Atlanta. J.T.’s career was in retail management and printing, but the hobby community knew him best as a professional numismatist and educator who helped popularize “cherrypicking”—the art and science of closely examining what appear to be normal coins, looking for doubled dates and other die anomalies that reveal them to be rare and valuable varieties. ...

Gold, Silver Decline Monday, Oct. 29

Gold futures moved lower on Monday, marking their first loss in three sessions as the U.S. dollar firmed. Gold for December delivery declined $8.20, or 0.7%, to settle at $1,227.60 an ounce on the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Boy Scout medal features swastika

(Image courtesy coinquest.com) What can you tell me about a medal on which a Boy Scout appears mounted on a horse on one side, with a reverse swastika on the other side? These medals were issued between 1910 and 1914 by the Excelsior Shoe Company to mark the company’s association with the then-new Boy Scout movement. There are five major varieties of this medal to be collected. The hole appearing at 12 o’clock on most examples was meant to allow the medal to be fastened to the shoe.   I get it that until the use of the swastika by the German Third Reich, the swastika was a symbol of good luck. The symbol last appears on German coins of 1945. When did the symbol first appear on coins? The symbol appears on coins almost as soon as coinage was invented. It appears as a raised pattern on a gold 1/24th stater of Ionia from about 625 to 600 B.C. The symbol appears on several coins of city-states on ancient Sicily, on coins of early India, Jewish tokens, and others prior to becomin...

Bank of England Plans New £50 Banknote in Polymer

The Bank of England announced this month its plans to issue a new £50 note printed on polymer. The banknote will be the last in its polymer series, following already issued £5s and £10s and the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

A lot of lettuce for a Grand Watermelon

Stack’s Bowers demonstrated Oct. 25 that some paper money beats inflation better than any silver or gold could. A Series 1890 $1,000 Treasury Note sold for $2.04 million in Baltimore during an auction of the third part of the Joel R. Anderson Collection. That’s over 2,000 times issue price. In comparison, gold is up 59.5 times its $20.67 per ounce 1890 price. Silver is up 15.3 times from its lowest 1890 price of 95.7 cents per ounce, or 12.16 times its highest 1890 price. Of course, anybody who could have obtained a $1,000 bank note in 1890 would have been wealthy unlike the owner of a simple silver dollar or even a $20 gold piece. Nowadays, the note is so incredibly valuable not because of its face value or inflation trends but because of its rarity, which makes it the objective of well-heeled paper money collectors. This is one of only two notes known in private hands with the Rosecrans-Huston signature combination on its face. It is cataloged as Friedberg 379a. PCGS Cur...

Joel R. Anderson Collection Part III Sale Tops $8.6 Million

Stack's Bowers Galleries' Oct. 25 sale of Part III of the Joel R. Anderson Collection of United States Paper Money realized $8,619,240 in the firm's Official Auction of the Whitman Coin &... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Engraving mistake remained uncorrected

By Peter Huntoon and Doug Murray While perusing the scans of the proofs on the Smithsonian website, Doug Murray spotted an extraordinary situation. Every Series of 1882 $1,000 gold certificate proof, including the countersigned Fr.1218a variety, utilized a misspelled Thousand in the central banner; specifically, “One Thonsand Dollars.” This heretofore unrecognized mistake by the numismatic community is an out-and-out engraving error that was created when a letter engraver engraved the banner on a component die, the banner was lifted onto a component roll, and the image transferred onto the master generic full-face dies for both the countersigned and non-countersigned varieties. Full-face rolls lifted from those masters were used to lay-in the generic faces onto the six 4-subject plates that ultimately were used to print the notes, which remained current for the next 25 years. We find it extraordinary that the mistake never was corrected. Shown here a subject from the Fr.1218c proo...