‘NUMISNET WORLD’

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


       Volume 23                                               Issue 4                                               April 2018


 

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 discussions about  any closely associated hobby. This 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.

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

 

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THE CASUAL COMMENT!

GOODNESS GRACIOUS! ... IT'S APRIL ALREADY!

 

"WHAT HAPPENS WHEN THE MONEY-GO-ROUND STOPS?!"

 

The World is already slowly divesting itself of paper, metal and plastic - and other physical forms of official cash money - and has started to embrace the ethereal....

 

The Fragmentation of Money.....as we know it?

 

In this modern era, the users of electronics, for financial manipulation, have just about organized themselves to step in and pull the plug on the real cash economy that we have known - and have loved - for centuries.

 

The introduction of various Crypto-currencies - with few or no physical assets to back them up - is a scary new development that appears - to those of us with long memories (that include stock-market boilovers and crashes) -  to be fraught with possibilities of financial disaster. 

We have already been coerced into a moneyless frame of mind with electronic transfers now totally accepted - but, some of us more pessimistic Luddites may be asking ourselves: 'When will these non-sustainable Bubbles burst!?

 

However, in a practical manner, we must also ask ourselves, a far less complicated question - 'what could happen if the processing power of electricity is interrupted, or completely lost, for an extended length of time?' - and our existing Loyalty Cards, Bankcards, Credit and Debit cards - as well as the plethora of other cards we are obliged to carry with us to function on a daily basis - are reduced to piece of flat plastic?

At last count, I had 14 or so such pieces of plastic or coated cardboard in my wallet - including a card for the rubbish dump - that tells the world, at all sorts of levels, who I am  - and what I can afford.!

 

It is imperative, however, we should look at this possible future problem ...!

We do have certain options that we can resurrect, in the short-term, from our past historical experiences.

We may need to ask ourselves, what is it that people will need, if the electronic money systems grinds to a halt? 

 

Can we provide a feasible answer, or will we be no different than the 000's of people in distant places, like Zimbabwe, who had to make do with a paper currency that was virtually worthless, and, being changed periodically as they tried to obtain sufficient supplies of other more stable international currencies  - e.g. US Dollars, Euros, English Pounds  etc.

What will it take to keep the economic wheels slowly turning - or else, grinding to a dead stop - if electronics fail us?

 

Will we need to create an ad hoc meld of monies, based on exchange rates, for everyday use by the  nation's public?

 

Australian Banknote Dealer's Zimbabwe note offer in recent years.

 

 

 

1.  We may have to scratch around for hoarded cash, tokens and even foreign coins - and hope it is acceptable in trade.

 

2.  We may need to exchange household, hobby and personal items of value as we are reduced to any form of barter.

 

3.  We may need to start offering our expertise, in the form of labour of some sort, in exchange for commodities.

 

4.  We may need to ask for charity from community organizations - or, beg assistance from family and friends.

 

5.  - or, we might starve!

 

 

Things like Transport, Food - including clean Water, Shelter, Warmth and Clothing - are some of the basics, however, there are other essentials - personal medical care, care of the disabled etc. as well as providing for children and older people who we may be responsible for. We may even need to consider what some domesticated animals taste like.

Some facilities, who provide professional care, would be devastated if the money supply is effected for even a short time. What happens to those dependant of that sort of care - will they be abandoned if a crunch came?

 

It is never too early to think of a 'PLAN B' - but, first, a few associated random thoughts come to mind!

 

Do not allow electronics to take over ALL aspects of our daily business. 

We are rapidly becoming slaves to electric machines!

Leave some leeway for other sorts of transactions - if the power goes off!

 

Continue to request some cash payments or remittances to keep physical money - or something similar - in local circulation - and not bow to computer-controlled businesses  who, currently, are trying to force you to fit in with THEIR programs instead of catering to you as a person.  Remember, if it wasn't for us - they wouldn't even be in business!

 

This also applies to local government to some degree!

Don't ever let them ever forget that - or, the tail will wag the dog! 

Just because we are advised that 'everyone' is supposed to be doing it, doesn't mean you always have to. 

It might be very tough to buck the machinated system in some instances  - but, sometimes, it's worth the effort to not be an electronic sheep!

 

Certain utility organizations, especially those backed by increasingly intransigent servants in some government departments,  will TELL you how it is going to be - because their computer says so - and we usually have to bear it - but, perhaps, if enough of us blow strongly enough in a politician's ear near election time - we may see a change filter through the system, and some human flexibility return to these utilities - after all, they are supposed to be ours. 

Form vocal, quasi-political pressure groups, if need be, before we are completely 'cut 'n' dried' into a society of computer-controlled serfs!  It may even create a few additional flow-on jobs - like handling real money!

 

 

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CLOSER TO HOME....!

While I was putting the previous article together for the April 1st. issue - I had cause to ponder about the momentous changes in our own Australian currency during my own lifetime.

 

As I browsed through my scans, I found the selection of Australian banknote items from the 1920 - 50's - which I know that I have shown very recently - but, which I think have stories to tell which still may interest some of our newer international readers, and, possibly remind some of our older locals of those things that once played a relatively large part in our pre-decimal numismatic hobby.

Some of these older Imperial value banknotes were always rather desirable to have in the wallet - and - even more so, in our collections, when they started to disappear in the early 1950's after the death of King George VI and the crowning of Queen Elizabeth II.

 

The present Queen's notes started to appear in 1953-4 and were restyled designs, brighter, more modern - and soon replaced the 'industrious' notes, of her late grandfather and father, that had been in circulation for many decades.

 

Most of the notes shown below are in slightly less than desirable condition - but beggars, and aspiring gatherers - on decidedly limited incomes - couldn't be choosers back then - or afford to put too much good money away in folders when, perhaps, we had a growing family of 3 kids, and a stay-at-home wife, to feed and care for.

 

KING GEORGE V -TEN SHILLINGS & ONE POUND (VARIOUS DATES)

 

KING GEORGE VI - TEN SHILLINGS, ONE POUND, FIVE POUNDS & TEN POUNDS (VARIOUS DATES)

 

QUEEN ELIZABETH II - TEN SHILLINGS, ONE POUND, FIVE POUNDS & TEN POUNDS.

(VARIOUS DATES)

 

However, it was in early 1966 - at the advent of decimal currency - that many of us first started to become aware of what was going to disappear forever, and made the effort to preserve some of it from the furnaces.

By that time, some of those older pieces of coloured paper had already become scarce through attrition - and they became scarcer still when numismatic 'wanted lists' started to appear in newspapers and the notes were being quickly withdrawn from circulation by the banking organizations... and savvy bank-tellers!.

 

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ARE YOU A COLLECTOR OR AN ACCUMULATOR?

I was once sat down by an old friend - my numismatic guru, who specialized in Tasmanian Tradesmen's tokens - and the term 'magpie' was explained to me in less than glowing terms. My old friend was not being particularly critical about me - but, he was passing on a hard fact of Life!

'The odd bird who collects anything - and who has little or no order in their collecting habits!'

 

As a writer, I am an inquisitive soul, by nature, and I fell into the 'magpie' category very easily and very early - and, as such, I must regard myself more as an accumulator - not strictly a collector - as defined by those true-blue collectors, who like to gather their appointed stuff 'by the book'.

 

I am still, unashamedly, a bit of a 'magpie' - in regard to my numismatic gathering habits ... and, it tends to spill over into other aspects of my hobby life as well. Although it doesn't necessarily mean that it has to be bright and shiny to attract my literary attention - all it has to do is catch my interest - and I'm hooked!

'X'- MARKS THE SPOT!

What is it that is often buried away like hidden treasure - to be mysterious, unknown, and often undervalued by those who stumble across it?

EXONUMIA!

 

Those of us who class ourselves as numismatists often find that we get deviated from our chosen hobby path by a mysterious offshoot that hides within the term 'exonumia'...

...it's like money and medallions - but not quite!

 

A few months ago, a 'Facebook' reader's inquiry about an item, identified as a U.S. traders' token, was brought to my attention - and my 'magpie' instincts kicked in hard!

As it happened, I did know a little about the piece of coin-like metal that had been issued back in the late 1800's, but, it still meant doing some 'homework', and, that stirred an old interest that I have since revisited. It was like re-finding that 'X' on a treasure map that hadn't yielded all its riches!

 

The traders' and various sorts of company advertising and discount tokens, production or tally chits, admittance pieces, transport tokens, local commemorative event pieces, sales tax and 'Good For' ..tokens,  Wooden Nickels etc. etc. that are/were issued in the U.S.A., in particular, are legendary - and examples are found in virtually every worthwhile gatherer's miscellaneous world 'junk' box...

 

Still often encountered at markets ....the famous Wooden 'Nickels' ..

 

However, sometimes, these peculiar little 'seeds' mainly from the U.S., mount up and can become a theme in themselves - and they can even blossom into full flower - and deserve a dedicated bed among our collectable garden!    

As I thought about this phenomena, I did a rough check and found that I actually had one or more 'exonumatic' (is there such a word?) tokens of various metals from 29 of the 50 U.S. states.

Not many, if I was a dedicated U.S. token collector - an 'exo-maniac'? - but, just enough to study, and, thoroughly justify my associate membership in the National Token Collectors Association (N.T.C.A.) over the last few years.

 

*At this point, I have decided to add a link to an article I wrote some time ago - I suggest that you take the time to read the story of the READ BROTHERS Coffeyville, Kansas token - and what inter-connected things flowed from the study - just to illustrate that some of these exonumatic items are just as worthy of perusal as more prestigious numismatic pieces we may have tucked away!. Like ripples in the pond....!

 

Refer:- http://www.vision.net.au/~pwood/july10.htm

 

The list of U.S. names of the 'token' issuers, from whom I have samples, is a bit too long and complicated to publish here - but the states that are represented in my relatively small accumulation are :-

 

ALABAMA, ALASKA, CALIFORNIA, COLORADO, FLORIDA, HAWAII, ILLINOIS, INDIANA, KANSAS, KENTUCKY, LOUISIANA, MICHIGAN, MINNESOTA, MISSOURI, NEBRASKA, NEVADA, NEW MEXICO, NEW YORK, NORTH CAROLINA, OHIO, OKLAHOMA, OREGON, SOUTH CAROLINA, SOUTH DAKOTA, TEXAS, UTAH, WASHINGTON, WISCONSIN, WYOMING.

 

Below are examples of some of the types that have found their way to me from fellow collectors.

(Illustrations are not true to scale.)

 

U.S. - various states,  City Transport Tokens

U.S. Alaska - Various cities' organization and event tokens

(Samples courtesy of Mr. Jerry Adams - N.T.C.A., and Mr. Larry Nakata -Anchorage Coin Club)

 

 

Colorado - 1/5th Cent, State Treasurer Sales Tax token.

Florida - 1978 Bradenton, 'Hernando De Soto' Celebration.

Nebraska -Walla Bros. Dept, Store. Morse Bluff. $5.00 Trade Token

Illinois - Evans Bang Tails, (H.C. Evans Slot Machine Company). Chicago c.1939.

('Winter Book' #8009 $3.50 Bimetallic Horse-racing gaming machines Token).

 

The few samples, illustrated below, represent tokens from various states in which the original version of my old English Family name - Peterwood - (now accepted as 'Petterwood' in Australia) - has been encountered in the United States - and recorded in official documentation from times long past.

Some hard research and some long, tenuous, stories in this lot!

 

VARIOUS STATE TRADE & EVENT TOKENS ...

... WITH A FAMILY CONNECTION - OF SORTS!

North Carolina, Kentucky, California (Bicentennial) and Illinois.

(Samples courtesy of Mr. Jerry Adams.- Texas)

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'ONLY THE LONELY!'

The haunting title words of the famous Roy Orbison song comes to mind when I see single notes in my accumulation. We all know the 'belles 'n' beaus'....however, as time marches on, it appears that some of my own B to F 'come-as-you-are' wallflowers, whom I have bought to the Ball, may still stay lonely ....but - who knows?! .. and, I still have a few more at home!

 

 

BAHRAIN - 1993 One Dinar (Pick #13)

BHUTAN -(1991) One Ngultrum (Pick #5)

 

CONGO - 2007 50 Francs (Pick #91)

CYPRUS - 1961 250 Mils (Pick #37)

 

CZECHOSLOVAKIA - 1964 50 Korun (Pick #90)

DENMARK - 1972 10 Kroner (Pick #48)

 

EUROPEAN ECONOMIC UNION - 2002 50 Euros (Pick #4s)

FINLAND - 1963 One Markka (Pick # 98)

 

MAIN REFERENCE

 'Standard Catalog of WORLD PAPER MONEY'

8th. Edition. Volume Two (General Issues) by Albert Pick

Colin R. Bruce II, Neil Shafer, Editors.

 

3rd. Edition. Volume Three (Modern Issues)

Colin R Bruce II, George S. Cuhaj, Editors.

 

KRAUSE PUBLICATIONS

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