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RWB

Member: Seasoned Veteran
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Posts posted by RWB

  1. The practical ideal of mutual support of central banks was more promise than realization. One of the largest world economies had no central bank, and once one was established in 1913 it was not until the 1930s that it actually acted as more than a fancy Clearing House and money distributor.

    I feel that the real poltergeist was a combination of technological innovation and vastly uneven expansion into consumer products. This kind of economic growth could not be constrained by a simplistic approach of locking in a single standard. The reality of mass produced, durable goods - formerly a very tiny part of developed world economies - became the results of complex interconnected business processes. Upward wage and price pressure prior to WW-I were exacerbated by the war's demands, and the immense shift of gold to the US (a depreciation of gold value comparable to the California discoveries).

  2. On 8/15/2021 at 2:25 PM, VKurtB said:

    HE wasn’t present and he hasn’t seen a sheet on it in some NARA. 

    As is often the case VKurtB's ignorance and arrogance are at the forefront. I have examined all of the tags, seals, bag, and done the research that NGC clearly did not do. (The "escape clause" for a TPG as it is for VKurt'BS' is "opinion.")

    My comment: "The materials available do not support the descriptions. Ask the TPG to show you copies of all the tags, seals, etc. Then, go do some original research."

     

  3. On 4/23/2024 at 11:18 AM, David Otto said:

    @RWB I'm learning the lingo, your saying if it comes back cleaned or something it would be on the label or numbered in the cert number 

    If the coin appears to have been cleaned, the TPG it will state "Cleaned" on the label and it will not have a numeric grade. They don't give refunds, either.

    If the TPG "conserves" a coin, that is handled as a separate process. Afterward, it can be submitted for grading and the coin is supposed to be "dispassionately observed." If the surfaces appear normal, there is nothing on the label in the coin is called "straight graded."

    ["Conservation" is supposed to be removal of surface contaminants where not bonded to the coin, and chemical stabilization to prevent deterioration from anything that was present. Nothing will restore a coin to original condition.]

  4. On 3/5/2024 at 4:49 PM, Fenntucky Mike said:

    A 2nd edition of the DE book sounds more warranted and interesting than a 6th edition of the 100 greatest U.S. coins, not sure that it will have a wide enough audience though to justify publishing a 2nd edition. 

    A major update and expansion of Bower's DE book would be of value to collectors and those who buy/sell coins. However, it will require substantial work, much time, and is guaranteed not make money. A "100 Kutest Koins" book of pretty pictures and superficial text can be assembled in a few weeks, requires no research, and will be profitable.

    Which will happen first....?

  5. In newspapers the $10 reverse got more complaints than all the other designs combined. It was the first depiction of a standing eagle on a US coin and not entirely realistic. One of the things Pratt was asked to do on the Half Eagle was to adjust the bird to a more natural appearance.

    Members might like to compare an accurate American Bald Eagle illustration with those on US coins, beginning with Hughes' 1836 flying eagle, and Longacre's versions.

  6. On 4/21/2024 at 7:00 PM, olympicsos said:

    I’ve also heard in some places that there were patterns that had the striding Liberty obverse but the standing eagle reverse. 

    No such critter as a pattern or proposal.

    On 4/21/2024 at 7:00 PM, olympicsos said:

    On a side note regarding the coinage renaissance, would you consider coins which series started after 1921 including various classic commemoratives such as  the Oregon Trail, Texas or Connecticut half dollars also designed by outside artists to be part of the coinage renaissance? Or the Washington quarter which was designed by John Flanagan who was one of Saint Gaudens assistants as an extension of the coinage renaissance? This is of course a broad definition, but there was a whole tradition of outside artists started that the renaissance books don’t necessarily cover and outside artists that did work that isn’t covered.

    The 3 volumes deal only with circulating US coinage, plus a side-trip about the PPIE souvenir coins and gold $1, $3 and MCMVII $20s used as political treats.

    The quantity and quality of information is almost immeasurably beyond anything previously written on the subject.

  7. May 29, 1915.

    Superintendent U. S. Mint,

    Philadelphia, Pa.

     Sir:

    In reply to your favor of the 24th instant relative to proof sets of Cuban coins, you are hereby authorized to comply with the request of Mr. E. [Eduardo] I. Montoulieu, Technical Commissioner and representative of the Cuban Government to execute the desired number of sets of proof coins, and to place on sale the coins and sets in the mint at Philadelphia.

    Respectfully,

    [Signature] Robert W. Woolley, Director of the Mint.

    19150529PCubanproofsetssm.thumb.jpg.24f323ebee5c6508043a8f7787de4030.jpg

  8. USA_Population_Pyramid_svg.png.9469b47a7f96ca0fc583258cb55ded66.png

    Here's a simple Census Bureau population diagram as of Dec 31, 2023. Population for age 10 and under is essentially non-involved. Age 10-20 is limited new involvement; from 20 to about 40 is likely limited or intermittent involvement, and 40 to 70 would be primary acquisition & involvement. Above 70 is the deaccession phase. Several generations ago the collector population would have skewed lower largely because of collection from circulation and very low premium on added value. (That is, a coin collection represented limited loss compared to base value of the pieces. This began to change in the 1950s and was declining rapidly in the mid-1960s.)

    A situation which has not changed is strong dominance by males in all aspects of coin collecting.