‘NUMISNET WORLD’

  Formerly published as the 'Tasmanian Numismatist' - Internet Edition' (Est. 1996).


       Volume 22                                               Issue 6                                                    June  2017


 

SNIPPETS, QUESTIONS & ANSWERS!

OLD STUFF...and NEW STUFF!

 

Compiled and Edited

by

Graeme Petterwood.

Even though the title implies that this publication will be mainly about numismatic items that interest our international readers - I encourage and invite 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!  (Illustrations are not to scale.)

Whilst this revised publication is no longer an official auspice of the 'Tasmanian Numismatic Society' - or any other association or club - it does maintain close friendly relationships with several groups and organizations and will feature articles and issue reminders from those sources on occasion as a mutual service.

This new version of the 'Numisnet World' publication may be linked to other forums - and it will be uploaded whenever it is convenient, and when, the subject matter is of interest and sufficient in quantity to attract and entertain new readers  - but, hopefully,  not bore - old friends.

NEWSLETTER ARCHIVES:- http://www.vision.net.au/~pwood/aprilnews.html

 

**********************************************************

Q & A Reminder!

Readers are reminded that - while the 'Numisnet World' is prepared to try to find answers to any pertinent numismatic questions you may have regarding the study of money in its usual forms  - we also cover the more common types of exonumia.  Things like medals, medallions, 'funny' money - cash vouchers, local currency and tokens etc. all fall into this category - so, if you want answers - ask the questions!

Due to the current dearth of 'Questions', after several months of delving into the numismatic depths to find 'Answers', I assume we have now caught up with the Q & A backlog.  However, the 'Snippets' section of this publication still has ample things to discuss, so let us begin this issue with a brush up on a few old facts and stir some memories!

**********************************************************

A MEMORY SNIPPET!

On a damp day, in late November 1997, my late wife and I were fortunate to attend the first Tasmanian Numismatic Symposium (a meeting of like-minded people) that was held in the 'Tasmanian Museum' Coin Gallery annexe in Hobart, Tasmania. The main theme was to be about counterfeits and forged banknotes.

 

Along with the guest speaker - an expert from the Australian Federal Police - were several other invited guests who presented interesting talks about numismatics that were a little bit off the beaten track.

 

One of the invited speakers at that 1997 Symposium, was a well-known numismatist and dealer from Sydney, Mr. M.R. 'Bob' Roberts, of the 'Wynyard Coin Centre' who had brought along a selection of British Armed Forces (BAF) Special Voucher samples, from the late 1940's - early 1950's, to be distributed to attendees as mementos after his lecture. Several of our 'Tasmanian Numismatic Society' members struck up a mutually amicable, and professional, friendship with Bob that lasted for many years.

 

 

'Wynyard Coin Centre' contemporary publication 'NUMI$NEWS'

 

At the end of the Symposium, a small quantity of these BAF notes were left over and some of us were fortunate to be given a few extra pieces of some of the denominations, by this generous mentor.

During the proceedings, at the Numismatic Symposium Dinner that evening, Bob was also made a worthy recipient of the prestigious 1997 Lockwood Medal and was presented with a framed Citation. (pic with T.N.S. President Roger V. McNeice OAM).

 

 

In 2012 - at a special T.N.S. Invitation Dinner - Bob Roberts was also made a Life Member of the 'Tasmanian Numismatic Society' - and presented with the Society's Medallion and Certificate of Appreciation for his Services to the Society - and the Australian hobby in general.

Bob has recently retired from active business participation due to age and somewhat indifferent health; he has since passed the business on to more capable hands - but, the memories of his generosity and his companionship linger on! 

Thank you, Bob - for your enthusiasm over decades -  and the help you have given to so many of us who gather these little pieces of metal and paper history!

 

  

M. R. 'Bob' Roberts - T.N.S. Life Member.

...an officially appreciated and legendary gentleman of our hobby!

 

**********************************************************

Many items of military memorabilia were brought to my notice during April-May, to coincide with events in both World Wars, so, it was inevitable that some items of Allied Occupational Currencies, from the 1940's era and beyond, would also be mentioned. This provided me with the incentive to review the acquisition history of my own small (ex 'Bob' Roberts') BAF accumulation - and, a few other Occupation notes I have gathered over the years. (All samples shown are from the author's own collection.)

 

BRITISH ARMED FORCES

SPECIAL VOUCHERS 1946 - 72.

1st issue (no samples available)

This series of notes was issued in 1946 and obviously has no series indication. The smallest denomination was 3 pence and the highest was One Pound.
Later on a second edition was made to replace this one.

2nd issue (see below)

This series was issued in 1948 and has the inscription '2nd Series' to indicate that it was a new issue.

The smallest denomination was 3 pence and the highest was Five Pounds.

3rd issue (see below)

This series was issued in 1956 for use during the Suez Crisis, the smallest denomination was 3 pence and the highest was One Pound.

4th issue (see below)

This series dated from 1962 and has the inscription '4th Series'. It can be found on the top centre part of the one pound banknote. Some forms are rare.

5th issue (no samples available)

This series dating from the 1960s are rare - known only in specimen form with a few proofs.

6th issue (1972) (see below)

This series has the inscription '6th Series' printed over the banknote value number on one of the two faces.

It was released because the United Kingdom had changed over to decimal currency. There were three denominations - five pence, ten pence and fifty pence. The denominations were expressed in 'New Pence' to distinguish it from the pre-decimal pence. Two banknote printers were employed to print these notes. They were Bradbury Wilkinson and Company, and Thomas de la Rue and Company (De La Rue) - and slight colour differences are noticeable between the printings.

***************************************************************************************************

2nd; 3rd. and 4th Series One Pound notes.

Thomas de la Rue & Company Printings.

 

1948 2nd. Series Five Pounds note

Thomas de la Rue & Company Printing

1972 - 6th. Series Five and Ten New Pence

(top) Bradbury Wilkinson and (bottom) De La Rue printings

 

6th. Series Fifty New Pence (Bradbury Wilkinson)

 

MAIN REFERENCES:-

'WIKIPEDIA' and Krause's 'Standard Catalog of World Paper Money'.

 

**********************************************************

A BLAST FROM THE PAST!

A GLIMPSE at the ORIGINS

 of EURO COINAGE & CURRENCY

Adapted from an original article by Larry Nakata of 'Anchorage Coin Club' (2000)

 

The Maastricht Treaty essentially started the process of one uniform coinage and currency in Europe.

By 1997, criteria were established, in the treaty, that European countries must meet in order to become eligible for conversion of their respective currencies to the Euro. These criteria centred round the economic stability of that country - and, the decision to give up the country’s coinage and currency, in favour of the Euro, would be voluntary.

 

By 1998, eleven European countries had signed into this agreement, thus becoming the original participants in the European Economic and Monetary Union (EMU). The agreement called for these countries to give up their currencies and adopt the new Euro currency on January 1, 1999.

Since Euro bank notes and coins were not minted or printed and circulated in sufficient quantities until 2002- except for small commemorative and sample issues for educational purposes - the participating countries retained their existing currencies until that time. There would be eight different coins and seven different banknotes in the Euro currency.

 

The coins would come in 1, 2, 5, 10, 20 & 50 Euro-cent denominations.

There would also be 1 Euro and 2 Euro denomination coins minted. 

The currency would come in 5, 10, 20, 50, 100, 200, and 500 Euro banknotes.

With the banknotes and coins circulating freely by early 2002, the legal tender status of the majority of circulating national banknotes and coins ceased in July 2002.

 

The values of the participating currency units had already been established against the new Euro currency with the following conversion rates:

  • Austria        1 Euro = Austrian Schilling divided by 13.7603

  • Belgium       1 Euro = Belgian Franc divided by 40.3399

  • Finland        1 Euro = Finland’s Markka divided by 5.94573

  • France         1 Euro = French Franc divided by 6.55957

  • Germany      1 Euro = Deutsche Mark divided by 1.95583

  • Ireland        1 Euro = Irish Punt divided by 0.787564

  • Italy             1 Euro = Italian Lira divided by 1936.27

  • Luxembourg 1 Euro = Luxembourg Franc divided by 40.3399

  • Netherlands 1 Euro = Dutch Guilder divided by 2.20371

  • Portugal        1 Euro = Portuguese Escudo divided by 200.482

  • Spain             1 Euro = Spanish Peseta divided by 166.386

  • 1 Euro                      = 100 Euro-cents making the new currency a decimal standard.

A commercial sample set of the first Euro coins (Belgium) - common obverses.

Issued containing coins dated from 1990 - 2001.

                                                                                                                   

As a matter of interest, the notes originating from the printers appointed by each of the participating nations can be identified by the allocated Serial number prefixes as well as a printers letter. (Refer Krause Standard World Note Catalog Vol III for full details.)

Prefixes:- Sweden K; Finland L; Portugal M; Austria N; Netherlands P; Luxembourg R; Italy S; Ireland T; France U; Spain V; Denmark W; Germany X; Greece Y and Belgium Z.

 

Each country had set a schedule where people could still exchange for Euros after the demonetisation date but this could only be done at that country's central bank, the schedule for demonetisation and final redemption for each country was as follows:

 

Austria - The Schilling - ceased to be legal after 28/2/2002, but can still be redeemed at the central bank indefinitely.

Belgium - The Franc - ceased to be legal after 28/2/2002, notes will be redeemed indefinitely but coins would be exchanged only until 2004.

Finland - The Markka - legal until 28/2/2002, but could only be redeemed for 10 years.

France - The Franc - legal  until 17/2/2002. The notes couldl only be redeemed for 10 years, the coins for only 3 years.

Germany - The Mark - legal until 31/12/2001, which was the earliest demonetisation date, but all coins and notes can be exchanged at the central bank indefinitely.

Greece - The Drachma- legal until 28/2/2002 with a redemption time of only 10 years for notes and 2 years for coins.

Ireland - The Punt - legal till 9/2/2002, with an indefinite time for exchange at the central bank.

Italy -  the Lira - ceased to be legal tender on 28/2/ 2002, but Lira was only be redeemable for 10 years.

Luxembourg - the Franc - legal until 28/2/2002. Notes can be redeemed indefinitely, but coins could only be exchanged till the end of 2004.

Netherlands - the Guilder - ceased to be legal tender on 28/1/2002. The notes will be redeemable until 2032, the coins ceased to be legal in  2007.

Spain - the Peseta - legal until 28/2/2002, with an indefinite period of redemption for both notes and coins.

Portugal - the Escudo - legal tender till 28/2/2002. The notes redeemable for 20 years. "

 

*It is now 18 years since the the plans for the European Economic Monetary Union came off the drawing-board - and almost 15 years since the national currencies and coins finally started to disappear from the purses and pockets of European  nationals - but a certain nostalgia still remains - and, many older collectors mourn the loss of the diversity that was once European numismatics. 

 

Politically and financially, Greece is still battling as a late addition - and Great Britain has backed off from becoming a fully integrated European Economic Community member and will start the process to dissolve its financial ties later this year 2017 and withdrawing from certain open border arrangements regarding travel within the Euro Zone.

Some other nations - such as Poland and Hungary -  are also looking at their own political situations as things become more tense in Europe due to the major changes in demographic balances that have occurred due to the massive Middle Eastern illegal invasions of the last few years. It appears that Europe is still a work in progress .....

 

**********************************************************

'AUSTRALIAN PENNIES'

PROFESSIONAL

Second Edition.

by Dr. DAVID L. BRIGGS

 

A BRIEF REVIEW

by

CHRIS HEATH  &  GRAEME PETTERWOOD

 

It has been a pleasure for us to have had the opportunity to peruse the  2nd. Edition of 'Australian Pennies' ©  by esteemed  numismatist Dr. David L. Briggs.

The technical information, therein, is as precise as it can be at this point in time - and, the illustrations are phenomenal!

Much of the information had been covered in the original opus - but there are always little things - and not so little things - coming to the attention of this dedicated author.

This new 20cm x 28cm. 'Australian Pennies' 2nd. Edition of 300 pages, however, stands on its own two feet for excellence - and it is well worth its asking price.

 

Each book that Dr. Briggs has published, in recent years, presents all aspects of each of the different denomination of Australian pre-decimal coinage in depth, and, as such - they contain technical data and observations that the basic collector would probably never consider looking for.

These are a true, and desirable, bonus for any level of dedicated Australian numismatist!

 

It should be noted, however, that the number of each issue of David Briggs' prestige Australian coin catalogues is strictly limited - and, they are usually targeted towards the truly professional collectors - so, we suggest that, if you wish to lift yourself to the next level of expertise within this great hobby, but, cannot avail yourself of these magnificent books through the auspices of your own Australian numismatic organization - watch out on the secondary auction markets for recycled copies.

**********************************************************

'TASMANIAN NUMISMATIC SOCIETY'

 

NOTIFICATION

Please note that the contact address for the T.N.S. Hon. Sec. is as follows.

All information, or queries, regarding Society matters, should be forwarded direct to:-

THE SECRETARY

P.O. Box 12, CLAREMONT.

Tasmania 7011

Australia.

 Email :- misteeth@gmail.com

 

**********************************************************

FAIR USAGE & COPYRIGHT PROVISIONS.

Any literary contributions or relevant and constructive comment regarding numismatics, in particular, will always be welcome for consideration, however, this invitation is not a guarantee of discussion or publication.

As in previous versions of this publication - certain items from other sources may be subject to copyright restrictions, and, when warranted, they shall be specifically marked accordingly ©  - so, please, be fully aware that, to maintain its free access, this newer version of the publication will still need to abide by established privacy and copyright parameters suggested by our site host.

Please note that all opinions expressed in material published in this publication are those of the authors, and not necessarily those of the Editor or Compiler - and ALL comments in linked articles remain the responsibility of the original authors.

Bearing in mind our public disclaimers (see below), any Internet links selected by the authors of this news-sheet, are usually provided as a complimentary source of reference to the featured article in regard to:

(1) Illustrations - or - (2) To provide additional important information. - and this publication, and its Editor or Compiler, accept, no responsibility for their content.

The contents of this independent Internet version, and all prior associated newsletter issues - including excerpts from the 'Tasmanian Numismatist - Internet Edition' - and previous'Numisnet World' (Internet Edition) are subject to certain public usage provisions and copyright conditions ©.

 

Articles or comments submitted herein can be fairly used to promote the great hobby of numismatics; however, permission must be sought by commercial interests if they wish to use any of our copy for promotional purposes. 

This permission, however, does not extend to any article specifically marked as copyrighted © by the author of the article.

Explicit permission from the author, or the Compiler of the Numisnet World' '- and other publications mentioned herewith, is required - in writing or by electronic correspondence - prior to use of that material.

Some illustrated items - including their designs, brand names and packaging -  may also be subject to existing copyright restrictions.

In such instances, they may not be replicated or their images reproduced or republished - unless prior permission is sought from, and given by, the originator, owner or licensee of such item, design or packaging.

By publication of this provision, 'Numisnet World' has indicated that it accepts no responsibility for breaches of these protocols occasioned by readers of this Internet publication.

DISCLAIMER

All details of a commercial nature, organisations, items or individual arrangement to buy, sell or trade are provided in good faith as information only, and any consequent dealings are between the parties concerned. 

The 'Numisnet World' takes no responsibility for disagreements between parties, and also reserves the right to only feature information that it considers suitable in promoting the hobby to our readers and we also reserve the right to refuse publication of offensive material or that which we consider to be of an unsuitable nature.

PRIVACY PROTECTION

The 'Numisnet World' complies with the Privacy and Personal Information Protection Act.

Under this act, information about individuals can be stored and published only if: the information is already contained in a publicly available document or if personal information has been provided by the individual to whom the information relates, and if that individual is aware of the purposes for which the information is being collected.

While the ''Numisnet World' may hold some writers' addresses and other details for the purposes of communication and copyright protection, it will never make such addresses or details available to any member of the public without the permission of those involved.

The 'Numisnet World'' also respects the privacy of our readers. When you write to us with comments, queries or suggestions, you may provide us with personal information including your contact address or other relevant information. Your personal information will never be made available to a third party without permission.

'Numisnet World'

P.O. Box 10,

Ravenswood. 7250. Tasmania.

Australia.

Email: pwood@vision.net.au