‘NUMISNET WORLD’

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


       Volume 22                                               Issue 8                                                      August  2017


 

SNIPPETS, QUESTIONS & ANSWERS!

OLD STUFF...and NEW STUFF!

 

Compiled and Edited

by

Graeme Petterwood.

Even though the title implies that this publication is 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 may be of mutual interest.

Storylines will be interesting, hopefully, and I may even encourage a bit of gossip at times! 

I have also dropped the designation N.S. (News Sheet) from this issue as this no longer applies.

 

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 the Society and several other groups and organizations, and, it will feature articles and issue reminders from those sources, on occasion, as a mutual service.

This new version of the 'Numisnet World' publication may also be linked to other forums for distribution - and it will be uploaded to the Internet 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.

 

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

 

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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! (Please note illustrations are not always to scale.)

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IN MEMORIUM

 

 

AILSA PEARL PETTERWOOD (nee McKENZIE)

 

5/1/1942  -  13/8/2005.

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THE INTRIGUE OF 'SHRAPNEL' COINS!

Any erstwhile collector/gatherer - worth his/her salt - will never look a gift horse of 'shrapnel' coins in the mouth... even when they know that the time spent resorting and grading them will probably be an exercise that has, probably, been done many times before - and the chance of finding 'gold among the dross' is highly unlikely!

 

Typical assorted world coins 'shrapnel' offering!

 

A few weeks ago, I was fortunate in being offered a smallish glass jar containing well in excess of 100 coins of all shapes, sizes and metallic content.

Winter in Tasmania is a bit of a beast with rain, frosts and fog, and all sorts of weather things that keep many people indoors in front of a fire ... and we sometimes get a bit bored... so the assortment offered me a little diversion!  I had taken my time in getting round to doing anything about it, as - at first glance - they looked fairly ordinary. It seemed they consisted of a few worn Australian decimals, some old European pre-Euro coins as well as Middle East and Asian cheapies....etc.

 

However, like Forest Gump said - 'Life is like a box of Chocolates' ... and a jar full of worn coinage is too! ... so, eventually, I was so bored that I tipped it out and started sorting....!

 

Firstly, the jar's content was sorted by country - then, some time was spent ridding the smaller piles of coins from those that were corroded or otherwise damaged and, perhaps, dangerously infectious to mix with the good healthy units...the pile diminished by 40 or so items - including the disposal of a dozen of the worst of a quantity of rust-affected Nickel-plated Australian Bicentennial commemorative medallions.

These had been made for press-insertion into folders that held 20 such iconic medallions with a descriptive booklet.

 

Commemorative Bi-Centennial medallion collection folder

Produced by WALLACE INTERNATIONAL PTY. LTD. Sydney, N.S.W.2000.

 

Heavily rusted Australian Bicentennial medallions - discarded!

 

Secondly, the suitable coins were sub-divided into denominations and, finally, into dates.

Duplicates were identified from my computer lists and put aside - that accounted for about another 80 coins ...but that was not the finish...!.

I then, physically, compared each duplicate coin with my own sample - usually under x10 magnification - and, wherever feasible, I upgraded. In all, I added the residue of about 30 'new' coins to my accumulation ...so, the whole exercise was worthwhile 'entertainment' over a couple of bleak Winter days!

 

"Let's have a closer look at that coin - now let's stash it!"

 

Whatever was left was carefully examined, coin by coin, and manipulated into my many decades-old Porky Pig money-box by my infant great grand-daughter - who is learning the art of handling money from me.

 

'Who ever said numismatics is boring!'

 

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SPECIALIZED WORLD PAPER MONEY ISSUES!

....according to Albert Pick.

 

- and -

 

'A LITTLE BIT OUT OF THE ORDINARY'!

.....according to Courtney L. Coffing.

 

 

Occasionally, collectors of Paper Money need to consult Krause's 'Standard Catalog of World Paper Money' - Specialized Issues (Volume One) instead of the more frequently used 'SCWPM' - General Issues (Volume Two)....and, it is always useful to build up your library from time to time with other helpful literature, about less usual things that occasionally come our way!

 

Whatever reasons that legally authorized issuers used, to justify the  production of extra series of notes outside of the normal range of circulating currency, can sometimes be obscure - even rather strange to our generation of modern gatherers - but, some of those reasons, in retrospect, are so obvious that they virtually jump up and bite us.

 

In the main, 'specialized issues' were officially made by State legislatures, or other local authorities, to provide regionally produced - and acceptable - supplies of a paper currency that was autonomous to an isolated region,  usually for a limited time-frame, as a type of 'utility' money to fill any gap in national banknote supply.

Most of these local notes are reflections of national currencies - albeit, slightly different.

Many were produced during the early decades of the 1900's by rival factions when Europe, in particular, was between major wars, but, still in turmoil with disputes and civil wars or financial depressions.

 

FROM RUSSIA WITH... LOVE?

I have a small, incomplete, accumulation of Russian script notes that fall into the category of 'specialized issues'.

During - and after - the Russian Revolution, some of the former Czarist states had split asunder - and went their different ways, for ethnic or political reasons - and, they either formed new independent countries - or, retained their allegiance to various old allies and were often swallowed back up by the victors.

 

The area known as Transcaucasia, located between the Black Sea and the Caspian Sea, had been a loose alliance of three main groups of the Armenian, Georgian and Azerbajan peoples, up until late 1917, when it separated and each group became totally independent of the Russian Czarist influence. 

By mid 1918, the old three nation-states alliance had fallen within the new Russian Federation sphere.

However, by mutual agreement, they all continued to use the existing currency of 1918 - authorized by the Transcaucasian Commissariat - until 1923, when the new RSFSR (Russian Socialist Federated Soviet Republic) currencies were introduced. In 1924, this political label was changed once more to the USSR (Union of Socialist Soviet Republics) and further slight changes occurred with the various Russian states currencies to cater for that alteration..

 

1918 Transcaucasian 'Bons' ('Good for') Ruble currency - (#S601, #S603-4)

1918 Transcaucasian 50 Rubles (#S605)

(The three main ethnic languages are shown on these regional notes)

 

 

(top)1918 South Russia 500 Rubles (#S415c)

(bottom) 1919 South Russia 5000 Rubles (#S419d)

(This series classed as (White Russian) 'Deniken' notes still bear the Romanoff crest.)

 

1919 South Russia 1000 Rubles (#S424a)

(State Treasury Notes printed in Odessa but bearing the uncrowned double-headed Eagle crest)

 

On some occasions, during the early days of the Revolution, official plates were seized by invading forces from both sides and used to print contemporary local money that had little or no validity after the peace was restored.

 

The relatively new plates of the Ukrainian People's Republic 'Safe Deposit Notes' were  officially used, in Kiev and Odessa, to print small denomination notes of 25 and 50 Karbovanez - and, in Odessa, the 50 Karbovanez was known to have reached up to 'Serial Number' AO 209 during 1918.

However, when Odessa was over-run by General Deniken's White Russian troops - loyal to the disposed Czar Nicholas -  the new plates were seized and used to make additional batches of these notes for local use by the invaders.

These notes, from 'Serial Number' AO 210, were later deemed - by the victorious Bolshevik regime who eventually drove out the loyalist army - to be false and were repudiated. (below - 'Serial Number' AO217)

It is not known how many of each 'serial number' were produced - however, it seems that these 'serial numbers' were, in all  probability, batch numbers with, possibly, a set (unknown) number of notes per batch.

 

Ukranian 50 Karbovanez AO217 (#S256b)

Printed on misappropriated plates in Odessa - 'serial numbers' over AO 209 were deemed false.

 

It was always a bit of a 'Claytons' approach - 'when it looks like real money, acts like real money - it is real money' - but, it wasn't treated the same as authorized currency - even though it may have rolled off the same presses - when the 'crunch' came.

Both legal and false notes Odessa are valued the about the same as numismatic collectables.

Many newer numismatists can get confused when they encounter these pieces of paper money that appear to have been omitted from the lists of the country of origin, according to the SCWPM (Volume Two) catalogue.

 

Places like Siberia were so far distant from Moscow after the Revolution, that special local issues of small denomination currency were always going to be considered by those administrators caught up in the civil war.

The samples shown here were issued in 1918 - 20 and they featured the Czarist Double-headed Eagle - without Crown.

 

 

(top) Undated (1919) 50 Kopeks (#S828)

(printed by the American Bank Note Company)

(bottom) 1919 25 Rubles  (#S846)

(Several printers* - supplies of these notes were produced monthly during 1919)

 

*The notes in these series were printed by the Czech Legion, after being authorized by the supreme leader in the area, 'White' Russian, Admiral Alekdandr Kolchak, who had assumed dictatorial powers as head of the Provisional Russian Government - with the aid of British troops - in mid Nov. 1918. 

Kolchak was eventually overthrown, and executed, by the victorious Bolshevik 'Red' Army on 7 Feb. 1920.

 

Overprinting of all types of 'financial' documents - such as Share Certificates and Dividend Coupons  etc. - was also a practice that was allowed to develop, by both sides, to help fill the gap in the money supply.

 

Siberian 1917 Share Certificate and Dividend Coupons (#S899, #S904)

Over-stamped by the Siberian Revolutionary Committee for use as currency in 1920.

 

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Some national cities and states, financial institutions or national businesses, such as Railroads - backed by the assets of the issuing organization or state -  were also authorized to print certain types of paper money or scrip that were redeemable in goods and services, fully or partly pay debts etc., based on the currency of the realm, within a given period of time.

 

Private printers were often used by the early, larger banks and financial businesses, to design and print notes on their behalf and these were commonly used in transactions between certain members of the public, businesses - and the banks etc. themselves.

 

Private printing - 1914 Banco Oriental de Mexico (Puebla) 5 Pesos (#S381c)

These private notes were issued with officially printed pre-paid duty stamps as part of the reverse.

 

GERMAN EMERGENCY MONEY

(top) State Ahlen (Westfalen) 20 Mark 'Notgeld' note - issued 10 October 1918

(Redeemable until 1 Feb.1919.)  Coffing #1 type.

(middle) State Cologne 5 Mark 'Gutschein' note - issued 18 Oct. 1918

(These notes were official for a designated period  - this sample appears to have a One Month limit.)  Coffing #1 type.

(bottom) State Krumbach 500,000 Mark 'Gutschein' uniface note - 11 Aug. 1923

(Poor quality paper, these inflation notes were redeemable in approx. 20 days from time of issue.) Coffing #1 type.

 

Main References:-

Krause's 'Standard Catalog of World Paper Money' - Specialized Issues (Volume One)

 

'A Guide & Checklist of WORLD NOTGELD 1914 - 1947' compiled by Courtney L. Coffing.(1988)

(Refer:-Municipal Paper #1 type)

 

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WHAT AUSTRALIAN PAPER BANKNOTE COLLECTORS SHOULD BE STRIVING FOR!

An excellent indication of the quality, grading and pricing, of our older paper banknotes that should be most sought after, can be found in:-

The Pocket Guide to

AUSTRALIAN COINS and BANKNOTES by GREG McDONALD ©

(Selection of early 'The Pocket Guide' Covers and Grading Extract printed with permission.)

 

The following excerpt from 'The Pocket Guide' refers mainly to Australian paper currency.

These excellent reference guides have been published annually for well over 2 decades

The 23rd. Edition of 'The Pocket Guide' will be available from selected newsagents and bookstores within the next few weeks. Order your latest copy (copies) from your normal supplier!

 

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GREG McDONALD PUBLISHING and NUMISMATICS Pty.Ltd.

Email:- gregmcdonaldpublishing@gmail.com

or

greg.mcdonald@iinet.net.au

 

 NW Editor Graeme Petterwood, with numismatist, author/compiler, publisher Greg McDonald.

 

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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.

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'Numisnet World'

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Email: pwood@vision.net.au