‘NUMISNET WORLD’


Volume 14  Issue 5           Formerly published as the 'Tasmanian Numismatist' - Internet Edition'  (Est. 1996)             May 2009


'NUMISNET WORLD'

INTERNET EDITION

Edited by Graeme Petterwood. © 2009.

 

Remember - be astute when you are handed change - not all the wonders of numismatics have been discovered yet - and they don't have to be shiny and new! This edition again features an assortment of  'trivia'  that I think is of interest and I trust it will prove educational and entertaining to you as well. 

All or any prices quoted in articles in this 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 are from the authors' own collection or the extensive picture library of the former 'Tasmanian Numismatist'  local and Internet editions and the  'Numisnet World' - Internet Editions. © 1996 - 2009.

(Fair 'acknowledged' use of any scan is allowed for educational purposes.)

Please note that the photoscans of items are not always to size or scale.

 

Any comments published in this privately produced newsletter do not necessarily reflect the views of the 'Numisnet World' (Internet Edition) nor its Editor.

Bearing in mind our public disclaimers, the 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

(2)     To provide additional important information. 

These items may be subject to existing copyright.

 

PLEASE NOTE - RE-STATED DISCLAIMER: Where on-line web-site addressess are supplied, they are done so in good faith after we have checked them ourselves - however, our readers are advised that if a personal decision to access them is made - it is at your own risk.

 

Please accept my invitation to make a contribution if you feel you have something numismatically themed that may appeal to a general level of interest and fulfills our stated editorial guidelines. As Editor, I am always prepared to look at it - and if need be - assist in presentation.

However, not every submission will be automatically accepted for publication if common courtesy and acceptable moral standards are not upheld or the subject matter is not considered 'generic' enough for this type of newsletter, nor if the subject has already been covered in depth in earlier editions.

This is, obviously, not a scientific-style journal - our object is to educate, certainly - but, in an entertaining way for the average hobbiest collector. - G.E.P.

 

We trust that this issue of the 'Numisnet World' (Internet Edition) newsletter will continue to provide interesting reading.

 

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ZIMBABWEAN MONETARY CRISIS

"The Examiner" April 14th., 2009.

 

Tucked away on Page 12 of my local Tasmanian newspaper - 'The Examiner' - on April 14th., was a newsbrief of a single column:

 

Currency shift: Zimbabwe's new

coalition Government has decided to

withdraw the country's worthless currency

from circulation and rely exclusively on

other hard currencies. Economic Planning

Minister Elton Mangoma said that the Zimbabwe

dollar "will be out at least for a year".

 

1. With recent devaluations barely established I can hear the local questions already being asked.

"When the currency is officially withdrawn what do we do with the latest revalued notes we have?  Will they be frozen at a certain value - and exchanged at the RBZ for one of the acceptable currencies - and what will be the official ones?

Do we have any choices - or are we going to be hung out to dry with no recompense at all?"

 

2. It poses an interesting numismatically geared question as well.

"As a withdrawn and utterly worthless currency, will the Zimbabwean 'Zillion Zillion - or whatever' Dollar notes maintain the inflated numismatic retail prices being asked of them by dealers who jumped on the 'novelty' bandwagon - or will they rapidly gravitate downwards like those of other nations that were smitten with hyper-inflation in recent years? "

 

Recently, a very large increase in available 'stock' - accompanied by a definite 'slowdown' in sales - on eBay, in particular, may indicate a temporary saturated market -  or a pregnant price pause - to assess the direction that the Zimbabwean currency is heading in the numismatic market.. No doubt, the novelty aspect of those huge denominations will continue to be the main attraction for a while yet - but, as an investment, I would assume the flush has started to fade as the dealers and main players start to do the initial sums - and smile gently on the way to the bank.

 

This might have been the formula:

Someone, with access - and some knowledge - obviously, made available quantities of genuine - but virtually worthless locally - ZIMBABWEAN currency at waste-paper prices that caught the attention of the numismatic market. When it was apparent there was a big interest in these hyper-inflation denominations, these secondary deals were kept going as a profitable way of disposal of withdrawn currency when new notes were being printed - to milk it even further and probably line the pockets of some bureaucrats. No-one knows who might have been involved in making the decisions - but it was most probably officially sanctioned.. The situation then took on a life of its own.

 

+ Carefully stimulated market interest started to work on the back of the Zimbabwean monetary plight

+ Add dealers and traders who saw the window of business opportunity open wide!.

+ Add fairly exhorbitant retail market prices while things were 'hot'!

- Discount virtually worthless remnants @ fire-sale prices and store any balances for a second bite next year when the currency re-emerges.

 = A nice little earner for someone!

 

 

XE CURRENCY CONVERSION SITE

http://www.xe.com/ucc/convert.cgi

 

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 Handy Hints  

WAYS AROUND THOSE 'LITTLE THINGS' THAT COME TO PESTER US!

Storages clues for the new - or average - amateur collector.

by Graeme E. Petterwood.  © 2009.

('Tasmanian Numismatic Society' - Member #332)

 

Of course, I'm being facetious!  I don't mind being pestered as long as I have something interesting and unusual enough to have created such a situation. What I am refering to are those banknotes, coins, medals, medallions, tokens and other peripheral numismatic or exonumiac items that are either too small or too large to be conviently 'packaged' for easy storage in the normal manner.

All collectors will - without a doubt - need to face this problem sometime during their careers. 

At the request of a young-minded reader, who is, obviously, in the earliest processes of creating a magnificent world banknote collection, I have included a few samples to illustrate the size differences that can be encountered in older currencies and make a few  suggestions about economical ways of keeping them safe.  Also, obviously, it is not possible to show a range of world notes in entirity in a newsletter of this type - so what I have done is to select some more extreme examples from countries which are noted for these things.

Due to the size of some items it is not possible to show them all at their true magnificence - so, where I have had to opt for a reduced image, I have denoted the measurements in imperial and metric. The width of the printed format I'm using here is 12" (approx 30 cm.) which will give an idea of size.

 

A particular problem, for dedicated amateur note collectors, for instance, is often the task of buying protective plastic sleeves that can be truly utilized efficiently.  I would suggest that you even look at other areas of collectibles as well -  quite often a suitable substitute to the normal banknote 2 or 3 pocket sheet can be found within another hobby.  I prefer the top opening pockets as they don't need to be removed from the binders to access the item.

Just make sure it is pierced to fit  either the standard 2 or 4 ring binder tines and that it will fit a standard A4 folder without sticking out  far enough to be damaged - and more importantly, that the holder is made of a material that will not damage your collectible if it slowly re-acts chemically with note inks or paper. Some older vinyl or acetate-type covers that had been treated with chemical softeners are not suitable for long term use, so, if you are not sure - check with your dealer/supplier who should be aware of the properties of what he sells. 

Your own responsibility is to always check regularly on what you are using - especially if it is not standard to our hobby!

Over the last 20 years or so, I have used all sorts of coin pocket sheets; Credit Card and Charge Card holders; Football Card albums,  to store some of the small paper note items shown below - so, after ascertaining their suitability to your requirements - you should be prepared to use your imagination if you care to follow my example.  The holders are, after all,  to protect your asset - they may not be attractive - they may even be labelled to denote something else -  but that is a cross worth bearing. After all, they are just the lolly-paper!

 

This brief article is not designed to lead you by the hand to the 'water' - but to get you thinking - 'outside of the square' -  if need be - in regard to the presentation and storage of your numismatic treasures - whether they be S, M, L, XL or even XXL.

 

 

IMPERIAL RUSSIA

1912 Imperial 500 Ruble Banknote  - Approx. size 11 x 5 inches (27.5 x 13 cm.)

Truly, a large piece of paper - but it can be safely stored verically in a single pocket A4 document holder.

(Author's collection.)

 

Issued 1916 - 17 (N.D.) Russian Imperial Kopek Postage Stamp Currency -  Approx. size 15/16 x 1 3/16 ins. (2.3 x 3 cm.)

Issued 1915 - 17 (N.D.) Imperial Treasury Small Change notes - various Kopek values - Approx. size 3 3/16 x 1 3/4 ins. (8 x 4.5 cm.)

(Author's collection.)

 

These small paper notes are, currently, stored in medium-sized coin plastic pockets - or in 8 pocket business card holder plastic sheets - depending on size -  and these sheets can be placed within a standard A4 (2 or 4 ring) clip binder or a lever arch heavy-duty binder.

 

A top-opening 8 Pocket card holder used to store Russian Ruble Currency notes (1919-21)

Hand cut notes - average size 1 1/2 x 1 3/4 ins. (32 x 45 mm.)

(Author's collection.)

 

I now prefer the lever arch binders for banknote storage as they have broader spines and are easier to re-label.

Large stick-on labels and a medium-tip marking pen can be very handy when the range needs to be expanded and another binder needs to be utilized. 

Having some simple sort of 'easy-find' system is essential as your collection grows. I usually only group  2 or 3 nations in one folder  - always in strict alphabetical order. (You can buy heavy paper alphabetic insert sheets to fit these binders at any good stationary store.)

I try to commence new nations on a fresh sheet within a group, but, sometimes, when the minor sample is the only one you have it is logical to slot it in its place even it is on the same page as an item from the previous listed country. If you consider that you may wish to expand that nation's range - start a separate sheet - as normal - it may remain empty for a while but at least the space is 'reserved'.

(A - B);  (C - E);  (F - G); (H - J); (K - O); (P - R) and (S - Z) - are the labels currently being used in my own instance - and each of the lever-arch note folders comfortably hold an average of 40 plastic pocket sheets plus backings.

 

Each basic 2 or 4 clip-ring binder  A4  folder holds between 12  -  15  various-sized plastic pocket sheets and backing papers on average.

However, be cautious and don't try to be too stingy with the space, the weight factor can create a problem if a fair percentage of the coins are large.

It is far better to distribute the sheets more evenly - so, if needed - add another of these cheap clip folders to your accumulation and change the mid-sized stick-on tag spine labels. It doesn't take long to unsnap - move a couple of pages - resnap again.

Work both ways - on the previous and the next binder; it's something productive - but not mind-boggling -  to do inside on a miserable Winter's day.

 

Major nations - such as the U.S; the UK; Australia - or wherever - may have their own small group of labelled folders if the samples available were of such a number that they required lots of room to show them to best advantage and, perhaps, project a story of development over the years.

This sort of linear presentation - within storage folders - is up to the individual collector of course -  but, over the years I have endeavoured to follow the tried and tested examples set in the famous Krause Publications - "Standard Catalog of World Paper Money' or their 'Standard Catalog of World Coins' - and found it to be very successful in my instance. I use the various 'compatible' sized plastic sheets to present the notes in the issue order as shown in the Krause catalogues as this means I have a fair estimate of where a particular item may be located - simply by its catalogue number.

Whilst I have paper backing sheets to all the plastic inserts, I use them only to highlight the items and prefer not to fill in details even where spaces are provided for that purpose - for the simple reason that once it is used, and, if you then may need to move any of the items - the whole thing is out of 'whack'!

 

In these days of computers, I try to list as I go.  In theory, it is a discipline that I highly recommend - for peace of mind...................!

Currently, I use a broad-sheet 'Excel' program - which has many great sorting/sizing features and it is possible to start as many columns (up to 26 - with adjustable widths) unlimited lines (at least I haven't hit bottom yet) and as many separate 'books' as you will ever need to cover all aspects of your collection. A list like this also enables me to know what I have in a certain numbered binder - for instance: Coin Bonder #1 may start at Afghanistan and and end at Czechoslovakia. 

It doesn't take much of an effort to find a coin detail if a collector is reaonably methodical and is prepared to do the proper groundwork initially.

None of us wants to buy duplicates - unless we have a good reason -  such as wanting upgrading our existing sample. However, we all seem to end up with some. The days of throwing coins in a cardboard box should have long gone by the time you get to this point in your own collecting - whether is just for hobby enjoyment or conscious investment. However, I must admit I have a fishing tackle box, with several compartments, that makes a great  spares' container for low value base metal 'shrapnel'  for the younger kids in my family to rat through, or, a good talking-point,  if vistors turn up - and 'somehow' the conversation turns to coins.

 

 1998 copy of an Excel checklist from an old coin 'book' as an illustration of set-up. It's just a case of setting headings to suit needs.

Excel print-outs can be prepared as a checklist by selecting all or part - and they can be arranged in paginated format or as a broadsheet.

 

The various sized - often very large - notes that abounded in Europe prior to WWII  always present a problem in that they tend to protrude from the top of a standard open-topped  3 pocket banknote sleeve - and an edge is liable to be subjected to accidently creasing or soiling - so use a 2 pocket sheet instead. 

As mentioned at the start of this article - there will be times when standard packaging seems impossible and alternatives need to be sought out.

 

 

1910 German Reichsbanknotes 100 & 1000 Mark - housed in a top-opening 2 pocket sheet

Actual sizes of notes:- (100 Mark) 8 1/8" x 4"(20.5 x 10cm.) - (1000 Mark) 7 1/4" x 4 5/16" (18.5 x 11cm.) - Illustration reduced size.

(Author's collection.)

 

It notes still don't fit within the protection of the pocket - get a few suitable-sized single document sleeves from office supplies, as I did, and use them - they are usually a bit flimsy - but they will offer some more adequate protection within a A4 binder in the short term for big note 'emergencies'.

The harder vinyl, standard single pocket, page is preferable, but quality banknote sheets are not cheap - and sometimes  buying a pack of 10 can be cheaper than the same amount one at a time - so talk to your most friendly supplier/dealer, and see if you can do a deal and mix up a few sizes to make a suitable package that brings 'dollar signs' to his eyes - but still saves you a little money in the long run.  They'll keep!

Hobby departments in large stores often have bargains but, unfortunately, their pricing structure is usually rigid and - unless you can speak to a 'person-of-power' (not just a nice check-out-person) - you can rarely negotiate about prices.

However, you must remember - "When the protection is more expensive than the contents you may need to rethink the way you are storing things."

Occasionally, however, in these modern days of note conformity becoming the norm, a 'special ' item may appear for a special reason - and these may need to be catered for with a non-standard quality page - so be prepared to make a plan about the way you want to present your items and set your parameters early in your career and stick with them - if possible!  Of course, you must also allow yourself the luxery of changing your direction if something better comes along.

 

Thailand 60 Baht Commemorative bank note

Issued to celebrate the 60th birthday of King Rama IX  (1987)

Actual size - 6 1/4" x 6 1/4" (16 x 16 cm.) Stored horizontally in a single pocket holder.

(Author's collection.)

 

Prior to technology being what it is today - many notes were hand-cut from larger sheets so there is always the adventure of finding that some similar notes are not quite the same size when I need a certain space to slip them into - it is always a temptation to trim - but I prefer to get a holder that will take the largest I have and then I know the others will fit.  I know I  will end up with a few empty spaces sooner or later - but that's the way it is if you are trying to keep the storage sheets of a reasonably iniform size.

Small notes - such as stamp money - can be store in large pocket (2 x 2 ins.) coin sheets or 8 pocket card holder sheets, as mentioned. Some carded coins or medallions, that I have accumulated, fit ideally into a 'Footy' Card album such as the one illustrated below. These types of holders are also very adaptable for holding small notes of the type shown above.

However, keep like items with like items - don't add paper or vinyl notes to folders of heavy coins or tokens for the fairly obvious reasons.

 

Scanlen's Original Footy Cards Collection Album - 88 pockets

Used to 'second best' advantage as a 'safe house' for a set of Tasmanian carded 30mm. souvenir medallions (4 units per page)

(Author's collection.)

 

It goes without saying that similar storage problems can be encounted with coinage etc - and the exonumia section of our hobby is a minefield with unusual sizes and shapes always appearing to 'pester' us admitted 'magpies'.. The only thing - "is do what you have to do!"

Some years ago, I attended an Sunday general market and, by sheer chance, I spotted a gentleman selling economical - but reasonably solid -  brand new combination lock attache cases that had slight scuff marks and other minor blemishes  - so, I haggled a bit and bought a couple. (P.S. - Learn to haggle!)

I already had a good one that I used for business - but these struck me as being ideal for miscellaneous packaged items - those non-conforming numismatic objects. Since then, I have acquired another 2 cases from a similar source and, when I retired, I was presented with another  good quality case - making 6.

I still use one for business - I like to have my catalogues handy when I go 'shopping' - and an attache case helps makes any amateur look the part. of a more professional 'player' - so put it down as a 'studied investment' in 'keeping up appearances'.

The others now contain a variety of better class world 'shrapnel' that I keep handy and often use for illustrating this newsletter - as well as some of  those funny shaped bits that will not fit in any standard plastic coin pocket.. The cases stack well in a corner - and can hold a huge amount of the cheaper  'pestering' things that I like to play with. Sometimes, these oddies, provide me with hours of thorough enjoyment - numismatics doesn't always have to be about UNC. or Brilliant CHU Australian 1930 Pennies or such - sometimes a knocked-about token or foreign script coin will send me into a new direction - like the Magpie I am honoured to claim as a kindred spirit.

 

It is always handy to save bits of 'bubble-wrap' packaging that comes your way, as well - to be used to protect those items that have lost their wrappers - especially plastic containers that might be containing things like Proof Sets for instance. Scratches on packaging can cause the price of the undamaged item within to plummet as if it was the thing that had been spoiled.

SO BE AWARE - if you are buying an item at a coin fair - check the packaging as well, and haggle if the dealer wants catalogue price or top dollar.

Often items, that have nice shiny cardboard or plastic containers, are prime candidates for scratches, and, as we know - or should do - the packaging is now an essential part of the deal.  Once, the outside cardboard sleeves would have been discarded as irrelevant once the item had reached its destination, but now it is a case of -  DO NOT THROW THE PRETTY PROTECTIVE PACKAGING AWAY!!  Its purpose is still relevant - in fact , more so these days!

 

John Fitzgerald Kennedy - commemorative Presidential Inauguration Medal January 20th. 1961 (U.S. Mint)

Actual size - Diameter 3" (76mm) Rim depth 3/16" (5mm) Approx. Weight 7.5oz. (212g) -

Packed in a heavyweight chemically inert special paper envelope - and stored separately due to the mass.

(Read the WWII part of the Kennedy Story: - http://www.vision.net.au/~pwood/aug06.htm)

(Author's collection.)

 

1998-99 Large Commemorative Medallions

200th Anniversary of the Circumnavigation of Tasmania by Bass & Flinders

Standard design - H.M. Colonial Sloop 'Norfolk' reverse - Goldplated (10 only) and Silverplated (10 only) Pewter (120 only)

Special limited edition ( 80 only) - 'First Ascent of Mt. Wellington - 25th. Dec. 1798' reverse - Pewter.

Actual size - Diameter 3 1/8"(80 mm) - Rim depth 4mm. - Packaged in draw-string velvet pouches. - Illustration reduced size.

(Author's collection.)

 

With large metallic items there is always the danger of 'clashes' - metal against metal - and many metals are not the same in regard to hardness.

Whilst the 10 point Mohs Mineral Hardness Table might not upmost on an amateur collector's mind at the beginning of a his/her  career - it is handy to realize that it is a FACT of life and that Gold and Silver are down at between 2.5 - 3 on that scale and Copper is up at between 3.5 - 4 and a base metal such as Nickel (which comes from Niccolite) has a hardness of between 5 - 5.5  - and a big chunk of hard metal bashing up against another can leave a nasty bruise! Just look at the coins in your pocket.

The lastest  coinage is meant to wear very slowly - so it is a lot harder than a lot of older 'modern' coins make of Silver as well.

With many other cheap harder alloys now appearing to give our coins even greater wearing capabilities - if not intrinsic value - the danger of 'clash' damage to older precious metal coins even within the relative protection of our collections is rising ....and, it is not always the hardness that can create problems.  Unfortunately, we must also now be aware of the electrical conductivity between certain metals in coins designed for special usages in this modern era if they are allowed to remain in close proximity. It is now known that the rate of chemical reaction can be slowly, but surely, altered by even mild electrical stimulus. So this is another reason why it is important that coins of a different metal content, for instance, are not in direct contact with each other for any extended length of time. - I didn't say it would be easy!

 

DIRE WARNING!

Did I mention that numismatics becomes a 'passion' - or even an obsession - and some of our colleagues are 'magpies' who collect everything bright and shiny and all that is in-between! Unfortunately, some numismatists become so curious about all aspects of the hobby they find that they MUST delve into all the nooks and crannies. 

Obviously, accumulating all the various aspects can be extremely satisfying, but, it is something that obsession needs to be controlled if you are financially limited either by your family needs - or your friendly banker.  Food and shelter comes first .........!

By all means, I earnestly urge all new collectors to select a few basic areas that be can concentrated upon in a sensible manner -  leave the other glitzy stuff to people like me - for whom it is already too late - and who will never ever have enough money to buy all the pretty numismatic things we like - but neither will we suffer from a lack of curiosity about some of them - nor the desire to let you know what you are missing!

 

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NOT QUITE MONEY .....!

A BRIEF REVISION ABOUT SOMETHING THAT ISN"T QUITE WHAT IT MIGHT APPEARS TO BE.

by Graeme Petterwood. © 2009.

 

The more experienced amongst of our readers have probably heard the term 'Funny Money' - but what does it really mean at a numismatic collecting level? The actual term is rarely defined in any list published by the well-established pundits within our hobby - yet it is freely used and 'understood' by most of us as broadly meaning - something that looks like money but really isn't!  This area of collecting is hugely popular.

The more professional collectors of 'Funny Money' prefer to disguise the term with more legitimate sounding explanations and give it a more stately group name so that it slots into our hobby in a more dignified manner. Some of the most common names we encounter amongst 'exonumia' - which is another broad term that encompasses 'Funny Money' - are things like Wooden Coinage,  Military Gift Certificates, Transport Tokens, Tradesmens Tokens, -  as well as non-redeemable fantasy 'coins and notes' - some of which are specific and/or are accompanied with advertising, political or social messages.

 

Of late, local currency issues that have been designed to act as buffers during the current economic meltdown  - have made a comeback with some success. The resurgence of 'Funny Money' - with real contemporary value - has taken place in some states of the United States of America - and this time it is designed to actually be of economic benefit to whole communities that have been seriously disadvantaged by the global financial downturn and the loss of faith in the major financial institutions to address the problem at local levels. The online item refered to below is not the only one - if you care to search..

Refer:- http://www.usatoday.com/money/economy/2009-04-05-scrip_N.htm

This type of 'Funny Money' must be limited in quantity and produced in a style that cannot closely resemble legitimate U.S. currency and, whilst it is not officially legal tender, it can be used under certain conditions - which are paramount to its issuance - within certain designated areas and is acceptable by participating members, in lieu of official specie, until such time as specified. 

It is actually a basic form of emergency money - often known as 'notgeld' or 'gutschein' - and is very similar in purpose to that produced by cities, towns and municipalities in Germany and Austria during the inflationary period between the 1920 - 30's.

 

Each of the categories, mentioned above, can be divided up into a myriad of other sub-categories. Many of these often show a value or can be used as a 'Good For  ...'  - that is, it can be exchanged for goods or a service - just like real money. This is a type of barter system - which is as basic a concept as money itself, that uses a piece of paper, wood or metal - which has to be earned by some way - as a prepaid value towards the required object.

 

WOODEN COINAGE

- and similar items of relatively small value.

Wooden coinage is a development of primitive methods of putting a barter value on an object - such as Cowrie Shells, Exotic Feathers, Wampum,  etc. etc. - and, whilst they are classed as relatively modern, Wooden 'Nickels' have been around for quite a long time - several generation in fact - and, contrary to expectations, they are not always round like a coin - nor is the value always tied to a U.S. Five Cents Nickel value. They are now 'universal' as gimmicks.

 

  

Rectangular 'Wooden Nickels' were issued as greeting cards to numismatic friends by the late great Jerry Remick of Quebec in 2000.

(Author's collection.)

 

The 'Wooden Nickels', with a redeemable value, were originally distributed as emergency scrip during a bank failure in Tenino, Washington U.S.A.  during 1931. They were similar in appearance to the items shown above - rectangular on very thin wafers of wood - but often quite elaborately designed like a note.

They later became advertising gimmicks by businesses, prior to and during the Great Depression, as a cheap way of getting a customer to call in and redeem the 'coin' and hopefully spend a little more at the same time - but, it wasn't until the 1950's that the advertising aspect was pushed to the limit with thousands of wooden coins being issued by all sorts of traders. These days, the concept of the Wooden Nickel has moved with the technological times - and plastic, cardboard and even soft vinyl versions have been appearing to do the job in all sorts of circumstances unimagined 50 years ago.

 

A selection of 'Wooden Nickels' showing various designs, advertising and 'Good for ...' values

(Author's collection.)

 

Stiff card paper Military canteen 'Gift Certificates' (nicknamed 'pogs') for various low values.

Refer:- http://www.aafespogs.com/publications/By%20Bill%20Myers.htm

(Library scans originally provided by T.N.S. Member - Jerry Adams of Texas).

 

METALLIC

- TRANSPORT and RE-USABLE MERCHANDISE TOKENS

In a time when the motor-car was not the 'king of the road' - and, perhaps in the near future once again, the transport of people was by bus, train and ferry.

To facilitate travel by fare-paying passengers and to safeguard employees in regard to the security and costs involved in processing huge amounts of small change, a system of prepaid tokens was often adopted by transport companies.

It was also a convenience for certain businesses to have produced, on their behalf, numbers of metallic tokens which were redeemable in store for merchandise or services. At a time when actual money - e.g. legal coinage  - may have been scarce, these metallic tokens often achieved a 'life of their own' and were exchanged at community level as 'small change'  like the Tradesmen's tokens in Australia and New Zealand etc.

The use of metallic non-coin discs by technicians and other authorized persons to access telephones or other slot operated machinery or installation - prior to electronic cards, was widespread internationally.

We have told this story on numerous occasions - but, for those who wish to review the facts or haven't read the original articles, they can be found by searching our archives for more examples and further details - reference below.

 

Metal U.S. Transport tokens 'Good for One Fare' - cash values not stated - they were the equivalent of a bus, tram or ferry fare.

(Author's collection.)

 

Metallic rounds dated 2001 used as Gift Tokens.

These were produced in 'Gold' (Golden-Brass), 'Silver' (Copper-Nickel) and 'Copper' (Bronze) for Ellison Hawker Bookshop in Hobart.

As a modern version of a Tradesmen's Token - with values of $20, $10 and $5 - they were redeemable only with merchandise.

(Author's collection.)

 

Various mid 1800's Tradesmen's Bronze Halfpenny and Penny sized tokens used in Australia.

These were normally made to approximate Imperial coinage sizes and represent the same value - or purchasing power - at the issuer's place of business. When the official coinage was in sort supply they doubled as advertising and unofficial small change but were never legal tender.

The grading of tokens cannot be as strict as applied to coinage, but eye-appeal and rarity will reflect in prices realized.

(Author's collection.)

 

Australian Post-Master-General Dept. Brass Telephone technician's access tokens - now defunct.

(Library scans originally provided by T.N.S. Member - Jose-Luis Rubio of Uruguay).

 

 Italian 'Gettone' Check-piece Tokens in Brass and Nickel

 These 'official use only' coin-sized tokens would be used for telephone calls or to access metered machines by company operatives.

Now an out-dated concept with swipe-card access the norm.

(Author's collection.)

 

PAPER TOKEN CURRENCY and FANTASY ADVERTISING NOTES

- GETTING THE MESSAGE OUT THERE.

Of course, where there is metallic 'Funny Money' there is usually paper (or more modern - vinyl) currency lurking to fill the gap and keep the cost down.

I have already made mention of 'Gutscheine and Notgeld' and there are numerous published facts about the post WWI and pre-WWII era proliferation of this sort of paper currency in Europe and elsewhere in this newsletter; so I propose skipping most of it in this article - and highlight just a few of the other slightly different bits and pieces that have ended up in my exonumia accumulation.

 

Kmart CASH - in values of 5, 10, 20 and 50 Cents plus $1.00

These note had details of 'Conditions of Use' and other relative terms printed on the back - but the public often chose to ignore them.

(Author's collection.)

 

Paper token currency has been produced by major stores such as Kmart, as a promotional aid, at various times and in various forms - and, during the set period that these events are run, it also usually attains a defacto small change status between a certain socio-economic group of shoppers.

A gimmick that still works is worth repeating....! 

Sequencial numbered uncirculated sets are far more desirable than individual notes. Novelty appeal and only valuable to collectors of this type of exonumia.

 

 

Great Adventures - Cruise Currency

The various denominations of the paper uniface notes are printed in various colours for quick recognitions and each value bears different marine environment designs as an underprint. The reverses are patterned with a variety of geometric shapes and scrolls.

(Author's collection.)

 

Various values of paper Cruise Currency, in low denominations, can be obtained on selected tour ships that make visits to Australia's Great Barrier Reef and nearby resort islands and they can be used at the facilities stipulated on the notes to purchase goods or services. These notes, obtained in late October 1999, were destined to be recycled until worn out. They were originally issued and dated 1st. April 1999.

Their numismatic value is decided by their condition, their novelty appeal and any demand from collectors of this type of exonumia.

 

The Cruise Currency style of notes are a cheaper, modern development from metallic Cruise tokens that were issued on ships in Europe during the early - mid 1900's (see below). Numismatic values currently range from US$4 - $6 for basic bronze and Aluminium tokens such as these - but, in the instances where the tokens were produced by a recognised mint, the prices are determined in the same way as coinage - grading and demand play a part.

 

 c. 1947 'Boordgeld' quality Bronze tokens (coin sized) with values of 5 & 10 Dutch Cents.

Produced in the post-WWII era by the Royal Netherlands Mint for use on S.M.N. Amsterdam Shipping Line vessels.

Higher denominationtokens up to 250 Cents were produced in Aluminium in 'rounds' or 'squares'.

(Author's collection.)

 

Commemorative Souvenir Currency

(NO CASH VALUE) TWO POUNDS - Campbell Town Convict Cash - February 2004

(Author's collection.)

 

Commemorative Currency, such as the notes shown above, usually have NO CASH VALUE - and it is something which is often sold as a promotional aid to raise funds to offset costs for a special community event. It has no legal tender status whatsoever and is issued only for souvenir purposes.

However, it is interesting that numbered notes, such as these, do attain a certain collectability - but, remember, values will always depend on current interest in a past event, number of samples printed, design quality and desirability.  In other words, values can be like yo-yo's - dramatically up and down!

 

Main Reference:

'Tasmanian Numismatist - Internet Edition':-  Refer-  - http://www.vision.net.au/~pwood/dec06.htm

 

 

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GENERAL INDEX UPDATE.

'TASMANIAN NUMISMATIST - INTERNET EDITION' 1996 - June 2007

The detail of contents of the 'Tasmanian Numismatist' and 'Numisnet World' - Internet Editions can be seen at the following links. Copies of articles are usually available by email, upon request from the Editor or the original author - or, if directly accessed, subject to those copyright provisions laid down in our current terms of use.  Articles will not be posted by mail services.

 

Early issues of the 'Tasmanian Numismatist - Internet Edition', from 1995 - 1999. were permanently archived in 2000 and articles are not linked directly.

http://www.vision.net.au/~pwood/aug03.htm  - 1995, 1996 - 1997 (Volumes 1 and 2) Archived. Content detail only. (Articles can be emailed).

http://www.vision.net.au/~pwood/ept2003.htm  - 1998 - 1999 (Volumes 3 and 4) Archived. Content detail only. (Articles can be emailed).

 

By refering to the the 'Newsletter Archives' or 'Search' function located on the Home Page, you can directly access all Volumes.

http://www.vision.net.au/~pwood/tns.html  - January 2000 (Volumes 5 - to date).

In January 2006 it was decided to grant each new issue its own URL link. which would henceforth appear in the current Index for fast find:

http://www.vision.net.au/~pwood/mar07.html  - 2006 (Volume 11)

The final Index of the 'Tasmanian Numismatist - Internet Edition'

http://www.vision.net.au/~pwood/dec07.htm  - 2007 (Volume 12 - Issues 1 - 6)

 

 'NUMISNET WORLD - INTERNET EDITION' July 2007 - December 2008

Full details of initial 'Numisnet World - Internet Edition' (2007)

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

For full details of 'Numisnet World - Internet Edition' (2008)

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

 

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'NUMISNET WORLD - INTERNET EDITION' Volume 14, Jan. - to date 2009

Issue 1. January 2009:- http://www.vision.net.au/~pwood/jan09.htm

The Numbers Game - Some tattered pieces of virtually worthles paper money that have numbers that we collectors  tend to notice.

Bank Note Varieties - and other things! - At first glance, they look the same - but then those 'little differences' become noticeable and we take a second look..

The Story Behind the Story - Cowra Breakout revisited. - A war story that took place within Australia and had been archived for more than half a century..

Fake Pounds Circulating in Great Britain - "Large quantities of fake One Pound coins are making life miserable for English shoppers" - E-Sylum.

 

Issue 2. February 2009:- http://www.vision.net.au/~pwood/feb09.htm

The Nations of Africa (Part I) - An illustrated series that  features some of the 53 nations that make up Africa - the numismatically forgotten continent.

Reserve Bank of India Anomaly?. - A small sequence inconsistency amongst RBI  Five Rupee notes from 1984 that needs an explanation - or did I miss it?.

The Philippine Islands 1941 - As the Pacific war descended upon it, the Philippines Emergency Currency Committees, in different provinces and cities, churned out million of Pesos to keep their economy alive. Much of it was 'rough and ready' currency printed under difficult circumstances - but it served its purpose and heralded the end of an era!

Blast from the Past.1999 - A gentle reminder, from an elderly Anchorage Coin Club member's article, about the common sense we need when we start becoming too blasé about our our collection and the way we go about maintaining it.

Internet News and Q & A's - It's a case of getting personal with people  - if possible - about their numismatic problems and we learn of a new Platinum Ducal release from the Duchy of Avram.

 

Issue 3. March 2009:- http://www.vision.net.au/~pwood/mar09.htm

Medeival Madness - Tudor Tantrums, - a closer look at my 5 medeival coins and the mysteries and frustrations they evoked.

Another Sort of Royalty - Avram - continuing our chat with HRH Prince John, His Grace the Duke of Avram about some of his previous Ducal issues.

The Nations of Africa (Part II) - An illustrated series that features some of the nations that make up Africa - the numismatically forgotten continent.

In Memorium - Jerry Remick III - numismatist extraordinaire (1926 - 2005)

Correction - The Nations of Africa (Part I) - A reader reminds us that the 'Gregorian' solar calendar is the Christian era calendar many of us now use.

 

Issue 4. April 2009:- http://www.vision.net.au/~pwood/april09.htm

Australian Small Change - Pre-decimal Bronze Treasures 1911-1964.-  a brief overview of notable items amongst pre-decimal Australian Bronze coinage

The Nations of Africa (Part III) -  An illustrated series that features some of the nations that make up Africa - the numismatically forgotten continent.

Out of the Shadows - a little glimpse of sunshine for a numismatic lost child fromTexas that didn't grow up to be a larger-than-life article even if it is big!

The Saga of 'Porky Pig' - the battered big old red plastic pig money-box that shares a prideful place amongst  my numismatic memories.

 

Issue 5. May 2009:-

Zimbabwean Monetary Crisis - It all had to end somewhere, and it looks as if the 'wheels have fallen off' - at last. They may have run out of zeros!

Handy Hints - Special storages are sometimes neccessary - don't think that you are restricted to standard packaging - go outside the circle if need be!

Not Quite Money! - For those who came in late - another brief look at  the stuff that looks like money - but isn't quite....

 

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'NUMISNET WORLD'

(INTERNET EDITION)

 

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. 

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The ‘Tasmanian Numismatist’ newsletter is the only official newsletter of the ‘Tasmanian Numismatic Society’ and it is published periodically and distributed by post, or hand delivered, directly to members of the Tasmanian Numismatic Society and selected associates and institutions. All matters pertaining to the T.N.S. are re-published with the permission of the current Executive Committee of the ‘Tasmanian Numismatic Society.

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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.

 

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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.

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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.

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The contents of this 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 prior to use of that material.

 

The Editor,

Numisnet World - (Internet Edition). 

P.O. Box 10,

Ravenswood. 7250. Tasmania.

Australia.

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

Email: pwood@vision.net.au