Volume 19 Issue 12    Formerly published as the 'Tasmanian Numismatist' - Internet Edition' (Est. 1996)     December 2014



Edited by Graeme Petterwood. © 2014.


The contents of this independent Internet newsletter, and all prior issues - included the 'Tasmanian Numismatist - Internet Edition' - are copyrighted ©, but anything herein can be fairly used to promote the great hobby of numismatics; however, we do like to be asked by commercial interests if they wish to use any of our copy. 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 Editor of the  NumisNet World' '(Internet Edition) newsletter, is required - in writing - prior to use of that material.


All or any prices quoted in articles in this free newsletter, unless stipulated, are estimates only and they should not be considered to be an offer to sell or purchase the items mentioned or used as illustrations. Wherever possible - illustrations (*enlarged or otherwise) are from the authors' own collection - or the extensive picture library of the former 'Tasmanian Numismatist' -  Internet Edition © 1991 - 2007.  and the  'Numisnet World' - Internet Edition. © 2007 - 2013.  

Krause-Mishler (KM) Standard and Specialized World Catalogs (also including 'Pick' banknote numbers) - and McDonald and/or Renniks Australian catalogue numbers - are used where applicable.

*Please note that the photoscans of items are not always to size or scale. (Fair 'acknowledged' use of any original scan is allowed for educational purposes.)


Please, also, consider my conditional invitation, to make a literary contribution, if you feel you have something numismatically themed that may appeal to a general level of interest - and fulfils our stated editorial guidelines. As Editor, I am always prepared to look at it - and if need be - assist in additional presentation. However, please be aware that not every submission will be automatically accepted for publication. 

We regret the imposition of 'editorial control' - but previous experience has necessitated the following conditions.

If common courtesy, and normally acceptable moral standards are not upheld, or, the subject matter is considered to contain plagiarized or defamatory content, or, if it is not considered 'generic' enough for this type of newsletter, or, if the subject has already been covered in depth in earlier editions - it may be refused, held aside or selectively edited. This is, obviously, not a scientific-style journal - our object is to educate, certainly - but, hopefully, in an entertaining way for the average hobbyist collector.  - G.E.P.



Where on-line web-site Links or addresses are supplied, they are done so in good faith - however, our readers are advised, that, if a personal decision to access them is made - it is at your own risk.





A few pictorial reminders of the older and notable European nations, people and events.......


Modern Europe and Euro Paper Currency.

The map shows the major members of the EU:- Austria; Belgium; Bulgaria; Croatia; Cyprus; Czech Republic; Denmark; Estonia; Finland; France; Germany; Greece; Hungary; Ireland; Italy; Latvia; Lithuania; Luxembourg; Malta; Netherlands; Poland; Portugal; Romania; Slovakia; Spain; Sweden; United Kingdom.


When most of Europe switched from its plethora of different currencies several decades ago and embraced the Euro, the numismatic world lost some of the most expressive, artistic and historical,  mini canvasses that we could ever dare hope we might own.

The small selection of paper banknotes, featured below, are just a few from the list of great  scenic world of paper money that we have left behind, in the shadow of Time  - and we must remember that , although some 28 nations are now members of the European Economic Union, they did not all adopt the new Euro coinage and currency and some still produce their own individual pieces of monetary 'art'!


The notes, herewith, were not all contemporary to the Euro changeover - but, are included as examples of the note artists' skills - and each has a story to tell about its national identity prior to one of the momentous amalgamations in modern financial history.

I will leave the more meaningful attributions of these to you, my reader - and, hopefully, you will take the time with each - as they  relate their own fascinating stories of times and places, people and events!


AUSTRIA - 2 Kronen (1922 - KM#74) - 20 Schillings (1985 - KM#142)

FRANCE - 20 & 100 Francs (1941 - KM#92b - KM#94)

GERMANY - 10 & 20 Deutsche Marks (1993 - KM#45c - KM#46b).

IRELAND - Punt (1977 - KM#70a)

NETHERLANDS - 5, 10 & 25 Gulden ( 1973, 1969, 1971 - KM#95 - KM#91b - KM#92)

PORTUGAL - 20 Escudos (1971, 1978 - KM#173 - KM#176)

ROMANIA - One Leu (2003 - KM#117) - 500 Lei (1981 - KM#98b)


SPAIN - 25 & 100 Pesetas (1928 - KM#74a - KM#76 )

(Scans are not to scale.)

The majority of these older selected notes were traditionally pictorial in presentation - although some depict the popular abstract art themes that were in vogue in the later 1900's  All are well-worthy of a place in your collection!


KRAUSE MISHLER - 'Standard Catalog of World Paper Money' - Krause Publications (Various volumes.)




As a long-practising numismatist with over 50 years of learning experience, I have enjoyed great pleasure as I garnered the various bits 'n' pieces of metal, paper and, of late, polymer and other plastic materials that define my hobby.

However, some of my 'Tasmanian Numismatic Society' colleagues would possibly classify me as 'more of a magpie' - a 'hoarder' - one who picks up and stashes away all sorts of interesting - but peripheral - stuff.

I admit it - with some reservation  - but, also, with some sense of pride!

I am probably more of an 'exonumiac' than the usual, more acceptable, 'one-purpose' numismatic collector - or even an aimless 'magpie'!

As a writer, I have always been far too inquisitive for any one interest to hold my attention for any prolonged period - and that can be as much of a curse as it may be seen as a blessing.

I tend to suck up new information and spit out what appears mundane or superfluous - but a lot will stick!

For instance, I still have many old tokens and medallions in my own accumulation that have not been attributed after years of varying amounts of frustration - mainly because of my impatience or because I have moved on to something more pressing - contemporary - and newsworthy! However, the searching for knowledge is a journey  that I never regret!

Occasionally, something happens to draw my attention back to some of those hoarded items that I had stashed away - and, suddenly, my interest is aroused one more! This is such a brief interlude!



If I had been a stranger searching through an old safe and found a little box filled with old Silver coins, I would have, gleefully, said, "I have found a hoard!"

In my instance, it wasn't any old safe - but the back of the steel storage cabinet in my office.


I have recently been re-housing some of my more important 'exonumiac' items in new plastic coin sheets and 4Ring binders as some of my old sheets and folders were showing serious signs of exhaustion!

Having one spare binder, I decided to 'use it up' with something out of my steel lock-up storage cupboard.

As I pulled out a heap of old mismatched binders, something - obviously heavy - slid down behind the pile.

It appeared to be a cardboard playing card box - but somewhat deeper and larger.

On checking, I realized it was an old 'Hickok' container that had once housed a Western-style leather belt, with polished steel buckle - which I can still use - although on the last notch. 

I recollected that it was a sturdy little box - too good just to discard - so I had re-used it.

It was held together by two large, thick red rubber-bands that had seen better days and, which were, now, glutinously, stuck to the cardboard - so, I carefully picked it up to save spilling it open and strewing the contents throughout the unit.

I had more than a rough idea what I would find - my memory is not that bad - but I had no recollection of the detail of the stuff that I had hoarded up to 2 decades prior!

Well, I do now!


It's the culmination of a bit of a long story with a little twist ...!

A chance gossip with sellers - during a Saturday morning 'Garage Sale' back in the 1990's, in the Launceston suburb of Mayfield -  led me to being taken to check some old stuff stored in a back-garden shed.

My wife had given me instructions to get something that was going to cost about AUD$50.00 - but, I now forget what it was!

The fortuitous unearthing of a sturdy plastic bucket - over 3/4 full of assorted 'shrapnel' - including many hundreds of foreign coins of all sorts and a smattering from Oz - was part of the Luck that came my way on that day! 

The bucket - and its not recently sorted contents - were a local dealer's estate remnants from the 1980's - and, I was able to negotiate a total clearance of this 'pig-in-a-poke' for the small amount of folding money I had in my wallet at the time - about AUD$90.00   - and I also got the bucket ...!


I do remember my wife took me to task .... I never did get what she had sent me looking for - I was too broke by then! Our kitchen table was covered with these 'cheap' foreign coins - many hundreds of them - it took over 2 days just to sort them into some type of order. I found all sorts of small 'treasures'..... and it was this part of the accumulation that took my attention at that time! I have a 'fishing-tackle' box with compartments that holds a heap of duplicates and worn examples of the hoard - it's taking up space - but the better quality spares are handy at times!


The majority of the Oz Silver was pushed to one side for a proper check and a wash  - but, they ended up in the handy belt box after the grime was removed after a 'dunk' in the sink - with real soap and hot-water carefully applied with a soft toothbrush. Now, after 2 decades out of mind - they have been rough sorted once again - in a fashion - but, they still haven't had a proper grading!


The re-located hoard of old Oz circulation Silver!

It was a mixture of 156 Silver content pre-decimal Australian coins - ranging from Threepences to Florins and a 1937 Crown - plus 5 decimal 1966 Silver 50 Cents - a total of 161 pieces.


The Gross weight of each of the various alloyed coins referred to in this article:-

(16mm.) Threepences is 1.41g;  (19mm.) Sixpences 2.83g;  (23.5mm.) Shillings 5.65g;  (28.5mm.) Florins 11.31g;

(38.5mm.) Crowns 28.75g and (31.50mm.) 50 Cents 13.28g

Actual Silver weight (ASW) - net bullion weight - for each denomination group is shown below totalled in grams.


50% Silver

Threepences: 25             ASW 17.62g

Sixpences: 69                  ASW 97.64g

Shillings (12 Pence): 18  ASW 50.85g

Florins (2 Shillings): 15   ASW 84.82g


80% Silver

50 Cents: 5                       ASW 53.12g


92.5% (Sterling) Silver

Threepences: 22              ASW 28.69g

Sixpences: 3                     ASW 07.85g

Shillings (12 Pence): 1     ASW 05.23g

Florins (2 Shillings): 2      ASW 20.92g

Crown (5 Shillings): 1       ASW 17.69g


Total ASW = 384.43g  is equivalent to 12.85 Troy Ounces of Pure Silver.

The market price of Pure Silver (28th October 2014) was dropping - but it was still hovering around AUD$20.00 oz.

Est. Pure Silver value approx. AUD$257.00


1937 - 1966 selection from the 'hoard' 

(Pic. enlarged 200% to show reverses and size comparison details.)


Monarch busts 1910 - 1964



For ease of calculating the estimate of current numismatic value - I didn't spend time carefully grading all coins.

I decided, after perusal, to average the condition of the coins from the hoard as 'Very Good' - basic average circulated.

Using the lowest feasible preservation standard to arrive at a market price had to, also, be partly based on the fact of their comparative Silver content value - although, I must add, that grading was considered conservative even by my standards.

Special dates and other variations were not considered in the calculations.

No doubt, some items do need closer individual scrutiny - but, I feel, an estimate of between AUD$450 - $500 is not an unreasonable starting point at this point in time as some these denominations, in the better states of preservation, are starting to disappear at an increasing rate and buyers are being forced to take whatever they can at market driven prices!



"The Pocket Guide to AUSTRALIAN COINS & BANKNOTES" by Greg McDonald. (Various editions.)

2014 Catalogue Values (CV) in Australian Dollars for coins in a 'Very Good' state of preservation are shown as:-


50% SILVER: Threepence $1.00; Sixpence $2.00; Shilling $4.00; Florin $8.00

80% SILVER: 50 Cent $5.00

92.5 SILVER: Threepence $2.00; Sixpence $4.00; Shilling $8.00; Florin $16.00; Crown $35.00


BUYER'S MARKET:- Bear in mind that even minimum Catalogue Values are not what the commercial Market Values will bear. Any professional buyer/dealer expects to be able to make a reasonable profit if the coins are bought with resale in mind. A percentage margin must also be allowed to cover any costs involved in holding 'stock' for a period of time. Consequently, any offer to buy will usually start at a considerably lower figure than even the minimum CV indicated - so, be prepared to negotiate from Bullion Value prices unless the item is special - and to compromise, if necessary!



During the mid1940's, the Royal Australian Mint had announced that they would be ceasing the issuance of 92.5% Sterling Silver coins due to the burgeoning cost of the precious metal, and the reparations that they were obligated to make to the U.S. for 'borrowed' Silver in the early part of WWII. The production runs of 1945-6, saw the R.A.M. drop the quality of all basic Silver coinage to 50% Fine - and a lot of refined Silver bullion from our natural resources - and melted-down pre-War coinage -  was sent to the U.S. to 'balance the books'.


Half-penny =     2 to a Penny, 24 to a Shilling, 48 to a Florin, 480 to a Pound

Penny =                                    12 to a Shilling, 24 to a Florin, 240 to a Pound


Threepence =                            4 to a Shilling, 12 to a Florin, 80 to a Pound

Sixpence =                                 2 to a Shilling, 20 to a Florin, 40 to a Pound

Shilling =                                                               2 to a Florin, 20 to a Pound

Florin =                                                                                        10 to a Pound

Crown =                                                                                         4 to a Pound


In ancient times, the plural of 'Penny' was 'Pence' and these were sometimes referred to as 'Deniers' and the small letter 'd' is often shown after the numeric value of the lower value coins. 

The Copper or Bronze - Half-Penny 1/2d.; One Penny 1d.;  and in Silver alloy - Three Pence 3d.; Sixpence 6d. 

Higher value Australian Imperial coins, in round figures - were indicated with an oblique stroke and a following dash - Silver One Shilling 1/-; Florin (Two Shillings) 2/-; Crown (Five Shillings) 5/-; however, if additional Pence were to be indicated, the small 'd' would usually be dispensed with after the number - although this was optional by some writers.

For instance:- Two Shillings and Sixpence  could be shown as 2/6 or 2/6d. (and verbally as Two and Six  or Two and Sixpence) - and, even if  the amount was an odd number of loose Pence other than Threepence or Sixpence  - e.g. Two and Four  - or Two and Four-pence - it could be written as 2/4 or 2/4d.  - the Shillings denomination in the amount could be taken as explicit if need be - as mentioned these variations were optional. 

It was considered somewhat  'stilted' - by the common population -  to say - 'Two Shillings and Six Pence'.

The letter 'L' with a bar across it  'was an abbreviation of Livre (Pound) - indicating that once coinage was by weight of precious metal.  Thus, for example, an amount of Seven Pounds, Fourteen Shillings and 10 Pence would most commonly be written as £7/14/10  - and usually said as "Seven Pounds, Fourteen and Ten (pence)"





In 1867, the territory of Alaska was purchased from Russia by the United States of America - and it eventually became the 49th state of the Republic. In 1967, a number of time-sensitive series of US$1.00 tokens in various metals (39-40mm.) - were issued by various communities to celebrate the 49th State's Centennial year!

Typical 'Golden' $1.00 - from Fairbanks Chamber of Commerce.


These were not the first - nor will they be the last - medallion-sized tokens issued to celebrate the state and its people and enterprise..

In the early 1900's, the North-Western Commercial Co. issued centre-holed 5 Cent 'Good For Merchandise' 21mm. Bronze tokens


Between 1959 and 2000, the state embraced this well-established practice of token issuance with a vengeance!

All sorts of notable local events and locations were honoured with tokens of various designs and sizes - in all sorts of metals and even plastic.

The scope of these pieces of exonumia eventually presented itself as a viable and interesting potential to the international audiences.


Various Alaskan commemorative and advertising tokens .


In the latter half of the  1990's, a chance Internet encounter connected collectors in Tasmania and Alaska in an unimaginable way - and at various levels of expertise. Larry Nakata of the 'Anchorage Coin Club' (A.C.C) and this writer - from the 'Tasmanian Numismatic Society' (T. N. S.) -  formed a personal  alliance over a few circulating coinage items of mutual interest and started to exchange bit 'n' pieces and information about our clubs.

Over an extended period, a relationship gradually developed into a friendship and we arranged a 'sister club' deal to be established to enable members of both organizations to share newsletters and do a few deals at a personal level - and even be welcome if we managed to get from one end of the world to the other!


However, time is a cruel master as we all know - and when both our clubs experienced executive committee problems in the mid- 2000's - the regular  relationship was neglected for too long and was stretched to breaking-point. Hopefully, the link can be restored to full strength with a little work in the right places - after all,  most of us  still have the same interests.

I'm working on it!








There is still time ..........

Contact - Lara Gebka


44 Charles St., Launceston

Tasmania, Australia 7250

*Out-of-state 'phone callers - please add the appropriate prefix(es) to the telephone number.







JULY 2007 - DECEMBER 2014.

Full details of 'Numisnet World' - incorporating 'Tasmanian Numismatist'  (2007)

http://www.vision.net.au/~pwood/dec07.htm  - (Volume 12 - Issues 7 - 12)

For full details of 'Numisnet World' (2008)

http://www.vision.net.au/~pwood/dec08.htm  -  (Volume 13 - Issues 1 - 12)

For full details of 'Numisnet World' (2009)

http://www.vision.net.au/~pwood/dec09.htm  -  (Volume 14 - Issues 1 - 12)

For full details of 'Numisnet World' (2010)

http://www.vision.net.au/~pwood/dec10.htm  -  (Volume 15 - Issues 1 - 12)

For full details of 'Numisnet World' (2011)

http://www.vision.net.au/~pwood/jun11.htm  - (Volume 16 - Issues 1 - 6)

http://www.vision.net.au/~pwood/dec11.htm  - (Volume 16 - Issues 7 - 12)

For full details of 'Numisnet World' (2012)

http://www.vision.net.au/~pwood/june12.htm  - (Volume 17 - Issues 1 - 6)

http://www.vision.net.au/~pwood/dec12.htm   -  (Volume 17 - Issues 7 - 12)

For full details of 'Numisnet World' (2013)

http://www.vision.net.au/~pwood/june13.htm  -  (Volume 18 - Issues 1 - 6)

http://www.vision.net.au/~pwood/dec13.htm   -  (Volume 18 - Issues 7 - 12)

For full details of 'Numisnet World' (2014)

http://www.vision.net.au/~pwood/june14.htm  - (Volume 19 - Issues 1 - 6)



Issue 7. July 2014:- http://www.vision.net.au/~pwood/july14.htm

TIMETABLE TO DISASTER - It was like dominos falling! The events at Sarajevo on 28th. June 1914 lead to a great conflict on a scale of horror and tragedy that the world had never seen previously. The consequences of this conflict and the period of nervous peace that followed - within a financial context - were long-ranging and were harbingers of further international disaster within 21 years for another generation to bear.

CANCELLATION OF EVENTS - The 'Tasmanian Numismatic Society' has advised that it has -reluctantly - cancelled its series of Coin Fairs scheduled for the final half of 2014 due to circumstances beyond its control.


Issue 8. August 2014:- http://www.vision.net.au/~pwood/aug14.htm

THE GEM THAT IS INDIA! - The first of the footsteps that we will take into the mystery that still is India!

IN MEMORIAM - It has now been 9 years since this Editor's dearly loved wife, Ailsa, passed away. She is missed.


Issue 9. September 2014:- http://www.vision.net.au/~pwood/sept14.htm

THE WONDERFUL WORLD OF GAMING CHIPS - Like many of my fellow collectors, I tend to gather associated items that can be used as 'money'! Gaming Chips are, of necessity, a relatively expensive narrow-based investment so I regret that my own small accumulation is just that - small!


Issue 10. October 2014:- http://www.vision.net.au/~pwood/oct14.htm

A BLAST FROM THE PAST - A painful recollection from 2007 ... but I still have the cause of the pain safely under my nose!

INTEREST- VS - INVESTMENT - Ideally collectors want to achieve a harmonious balance between interest and potential investment. It does take a bit of doing because both groups are in the hobby for two different reasons to start with - until time mellows us all in one way or another and we tend to meld.

However, we must also bear in mind that for every investment - there is someone hovering to grab a piece of the action if possible and they are not always as scrupulous as we are. Deal with recognized dealers when acquiring expensive numismatic items is always recommended!.

A COIN FOR OCTOBER - A tiny Silver coin from the Indian Princely States of pre-WWII India is a reminder of what used to be when intrinsic value of coinage was a done deal and such a low value coin had real buying power in the sub-continent.. In 1966, the islands of the Bahamas group were granted their own definitive currency and one of the larger-sized modern Silver coins made an appearance.

LARA & the 'VIKING' -  A recent trip to Central Europe was the opportunity for the Editor's Great-niece and Great-grand-nephew to see a beautiful part of Europe, that has had its share of problems until recent times - and bring back a few numismatic goodies for this old feller!


Issue 11. November 2014:-  http://www.vision.net.au/~pwood/nov14.htm

NOTICE OF EDITORIAL INTENTION - As dual editor of the 'Tasmanian Numismatic Society's local newsletter 'Tasmanian Numismatist' for  over 20 years - as well as 'Numisnet World' -  I have had to make a decision worthy of a King Solomon. It is with the deepest angst and regret that, due to health problems, I have decided to cut my workload by stepping down from my Society role and reverting to that of mentor..


Issue 12. December 2014:-

THE ELEGANCE of EUROPEAN BANKNOTES - A pictorial reminder of the glory of old paper money, pre-Euro. We lost some interesting examples of 'art' when the individuality of nations currency was surrendered to the European Economic Union demands for a reformed monetary system.

THE MAGPIE GATHERER - WHEN IS A HOARD NOT A HOARD? - A recent rediscovery of a stash of Silver coins from over a decade ago raises the question - should I classify it as a hoard when I am the known owner, and the stuff was under lock and key even though it had been misplaced and forgotten?








The contents of this independent Internet newsletter, and all prior issues - included the 'Tasmanian Numismatist - Internet Edition' - are copyrighted ©, but anything herein can be fairly used to promote the great hobby of numismatics; however, we do like to be asked by commercial interests if they wish to use any of our copy. 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 Editor of the  NumisNet World' '(Internet Edition) newsletter, is required - in writing - prior to use of that material.


The 'NumisNet World'’ (Internet Edition) newsletter has been provided with space on this privately maintained Internet site and is currently presented free on a monthly basis with the aim of promoting the hobby of numismatics. Whilst the 'NumisNet World'' (Internet Edition) newsletter abides by the same basic guidelines originally suggested for the official 'Tasmanian Numismatist' newsletter, it is a separate, independent publication.

The ‘Tasmanian Numismatist’ newsletter is the only official newsletter of the ‘Tasmanian Numismatic Society’ and it is published periodically and distributed by post, email or hand delivered, directly to financial members of the Tasmanian Numismatic Society and selected associates and institutions.

All titles and matters pertaining to the T.N.S. are re-published with the permission of the current Executive Committee of the ‘Tasmanian Numismatic Society


Any literary contributions or relevant and constructive comments regarding numismatics are always welcome.

Please note that all opinions expressed in material published in the ''NumisNet World'' (Internet Edition) newsletter are those of the authors, and not necessarily those of the Editor. 

ALL comments in linked articles are the responsibility of the original authors.

Bearing in mind our public disclaimers, any Internet links selected by the authors of this newsletter, 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. 


Some illustrated items - including their designs and packaging -  may 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.



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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.

All information published by the ''NumisNet World'' (Internet Edition) newsletter is either publicly available, or has been voluntarily provided by writers, on request from the Editor of the ''NumisNet World'  (Internet Edition) newsletter.

While the ''NumisNet World' (Internet Edition) newsletter may hold 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'' (Internet Edition) newsletter 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.



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' (Internet Edition) newsletter 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. Deadline for any literary contributions, or amendment to copy, is 7 Days prior to the beginning of the month of publication.


The Editor,

Numisnet World - (Internet Edition). 

P.O. Box 10,

Ravenswood. 7250. Tasmania.


Internet Page: http://www.vision.net.au/~pwood/tns.html

Email: pwood@vision.net.au