‘NUMISNET WORLD (N.S.)’
Formerly published as the 'Tasmanian Numismatist' - Internet Edition' (Est. 1996) and'Numisnet World' (Est. 2007).
Volume 22 Issue 1January 2017
Along with its limited issue predecessor, the 'Tasmanian Numismatist' (Internet Edition) - the online 'Numisnet World' newsletter edition was regularly published on a monthly basis for over two decades and had close ties with various coin clubs and associated organizations.... and, while I may still occasionally draw upon previously published information and accept comment from members of those organizations - I now intend to gently distance this news-sheet from any perceived former obligations to those great mentors to ensure total independence and, hopefully, gain some new discussion aspects.
For want of a better working title, I have opted to retain - 'Numisnet World' - mainly to give this brief periodical publication a familiar feel and continuity after the successful life of its predecessor - but have added the initials (N.S.) to signify that it will now only be produced as an Internet 'news-sheet'.
The previous publications had been provided with space on this privately maintained Internet site and we hope this arrangement will continue. However, its new format may now be convenient, for some readers, if we adapt and utilize free media Forums - such as 'Facebook' - to source those casual questions that can be quickly answered in that format as well as, in depth, in this more formal publication.
SNIPPETS, QUESTIONS & ANSWERS!
OLD STUFF...and NEW STUFF!
Compiled and Edited
Even though the use of the old title implies that this News Sheet will be mainly about numismatic items that interest our international readers - I also intend to encourage some open discussions about virtually anything decent and reasonable- particularly, in any closely associated hobby or trivia-type areas that are of mutual interest. Storylines will be interesting, hopefully, and I may even encourage a bit of gossip at times!
This 'Numisnet World (N.S.)' news-sheet may be linked to other forums - and it will be uploaded whenever it is convenient, and, the subject matter is of interest and sufficient in quantity to attract and entertain new readers - but, hopefully, not bore - old friends.
The first item for discussion is in regard to the preponderance of fakes and replica coins now flooding our markets and putting the idea of coinage, itself, in some jeopardy with a major overhaul and rethink becoming more likely.
Well! I did ask the question and make the offer to readers who had a query about coins, notes, tokens and medallions etc. Some additional ideas have now been floated on 'Facebook' and it will be interesting to see the response to the correspondence in due course!
NUMISNET WORLD (N.S.) - Over the last
few days, I have received several requests and, hopefully, I will be able to
assist in due course. Several queries were similar in basic content, so, I
will amalgamate them and give a general answer.
Note the sorts of differences that are most obvious in GB Pound fakes..
The first item, that started this ball rolling, was the plethora of fake English One Pound coins - and I asked for readers' comments.
I'm still wanting more information - but, I was not altogether surprised that other readers are reporting supposedly dud coins in their part of the world as well.... so let's get this out of the way first...
It is now a well-known fact-of-life that Chinese entrepreneurs, in particular (but there are others), are creating quality replicas of rare and scarce coins from many nations - but the U.S. is particularly hard hit - as some shrewd operators try to cash in due to the shortage of the genuine item
Many of the 'victims' are, somewhat, versed in numismatics - but are lured by the story that is told to them.
They look and see what appears to be a genuine coin - they may know the major things to be aware of - but, these are top-notch copies meant to deceive.
Unfortunately, this new manufacturing boom also attracted the fringe-dwellers, and many poorly produced replicas are also being stripped of any identification as copies and are being passed-off as genuine through the secondary market and via tourists out for a bargain
These second-rate copies usually end up in a small collection for a while and, ultimately, re-enter the general market place once again with a bigger - but, still attractive - price tag to encourage a quick sale.. .
This plethora of fakes undermines the
quality market as well; and the cheaper replicas often find their way into
small auctions and other bulk sales without too great of a scrutiny. Many
local market dealers, who snap up the 'job' lots at auctions, have no
real idea of what they are buying and selling as long as they can
'turn a dollar' .. and they will often declare the item to be genuine
to make a sale. CAVEAT EMPTOR! (Buyer beware!) .
Replica C.N. Chinese provincial coin* with a genuine 1902 Silver issue.
Note the missing leg on one symbol and slight variations on others.
*The C.N. replica was purchased at a local coin market from a reputable dealer who hadn't done his homework when he obtained it - after a serious price re-negotiation, we struck a mutually satisfactory deal. It is now relabelled as a copy in my own accumulation and is separate from the genuine coins .
The genuine - Thomas White and Son - Copper Penny Token is showing its age.
At the time of purchase, the brighter copper replica had the paperwork removed that identified it as a copy.
They were made, quite a few decades ago in 1973, as a venue gimmick - and many have resurfaced in recent years as old estates - and kitchen drawers - are being cleared. As a collector, I knew the story and had, actually, seen the packeted replicas in the White House at Westbury, Tasmania - but, my interest at that time was not great so I passed it up..
In recent years, after a broadening of collecting habits, and having a genuine White and Son example - I decided that I wanted the replica for comparison and to study - but, as the original stock had been exhausted, I was vigilant at all the local markets. When I did find one, the flea-market dealer asked a high price - that was commensurate with the real deal - but, as usual, I haggled - pointed out that it was a replica - and a little real knowledge won the day.
Already, many of these Thomas White and Son token copies are creeping into Australian collections - so, local Tradesmen Token gatherers, be aware!
After a few years of aging, poor storage - or a helping hand - it will be hard to tell the difference between it and the original token.
NUMISNET WORLD (N.S.) - People start collecting things for various reasons - and, sometimes, we get caught up in their enthusiasm and join them.
My own experience actually didn't take serious wings until 1991 when an International Coin & Banknote Fair came to our island's capital city, Hobart.
As it happened, I went, I was hooked and landed. Among my purchases were several sets of uncut pairs of Australian Uncut $10.00 notes... that is another long story.... but, it awakened a persisting interest in paper money that grew over the next 25 years.
1991 - Four uncut $10.00 paper note pairs (Hobart International Coin & Banknote Fair)
(These are illustrated in Greg McDonald's 22nd Edition "Pocket Guide to Australian Coins and Banknotes")
NUMISNET WORLD (N.S.) - Many major European nations - and, also those on the periphery - who utilized paper money, enthusiastically, in the early 20th Century, had a plethora of various sizes to worry about. Wallets and billfolds were a lot different then - and not everyone had them..
Often notes, from other parts of the world, were folded in various identifying ways, and just pocketed.
1945 Bolivia - 100 Bolivianos note with noticeable fold-marks.
We may comment about the blandness of the U.S. standard size notes of today - but, we would have been pulling our hair out in the 1900's in central Europe at that time when Russia was issuing paper money with face-values as low as One Kopek .
Notes the size of postage stamps were made - and, sometimes, even normal stamps were overprinted for use as small change.
At the other end of the scale, some paper notes were very large and elaborately adorned.
Some of these pieces are 'works-of-art' in their own right... and, no doubt, that influences some currency gatherers to include a few in their collections.
1912 - Russian 500 Rubles
NUMISNET WORLD (N.S.) - There was no, or little, conformity in regulating dimensions of similar value notes in some places
The Germans - with their typical thoroughness - came close, but, even they had their moments of money-size madness!
During the early 1920's, Germany was still paying back the Allies for the cost of WWI - the process was called 'reparation'...and it was sucking the nation dry of wealth. Within a few years, the monetary system was allowed to go into free-fall with hyper-inflation as the Great Depression swept Europe... When this note was printed, a subtle hint at the impost on Germany was hidden in the design... look carefully at the throat of the man in the portrait... what do you see ....? .. You may need to turn it sideways....!
1920 - German Reichsbanknote 10,000 Mark
NUMISNET WORLD (N.S.) - A recent correspondence about the Chinese resumption of Hong Kong, prompted a few questions about the currency changeover and how it may have altered the way that the former British controlled area was doing things, of a financial. nature, after it was declared to be the 'Special Administrative Region of the People's Republic of China' in 1997..
China now controls all the usual aspects of finance and banking - and the 'Bank of China )Hong Kong) Limited' is the main currency issuer - however, it did retain the business facade of one previous organization, "The Hong Kong and Shanghai Banking Corporation Limited" and it continues to issue notes under that title in tandem with the Bank of China notes..
The two series of notes are somewhat similar in size as well as format, and, denominations and other details are printed in identical colours - and the text is in English as well as Chinese - unlike the mainland Chinese currency..
Hong Kong $20.00 paper notes from two official issuers.
The resumption gave China an access to many international trade opportunities that had previously been denied to it - and it appears that, after a bumpy start in the late 1990's, things are working reasonably well under the special deal that Hong Kong and China constructed to ensure that it was "business as usual - but under new management" and, despite a gradual, and consistent, erosion of the negotiated rights of the Hong Kong citizens who had no option in 1997 but to accept the situation.... (Refer Wikipedia for a detailed history.)
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