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Cafe au Lait and Beignets

After a late arrival in New Orleans, I walked the block over to the convention center to enter the bourse floor. Hall G of the Ernest N. Morial Convention Center is a big convention center hall that does not feel “full.” Sure, the National Money Show is a smaller show than others including the World’s Fair of Money, but it does allow for a different group of people to come in and learn more about numismatics.

Since my trip to the show is largely to campaign for the Board of Governors elections, I started to meet and talk with members around the floor. I had taken the opportunity talk with a few people I know and introduce myself to others.

But that does not mean I did not do some looking around.

The biggest news I learned is that the U.S. Mint is planning on issuing a reverse proof American Gold Buffalo later this year in honor of the design’s 100th anniversary. A sample can be seen at the U.S. Mint booth at the show and, of course on Pinterest. The image was taken through the glass of the case it is being display within. On Friday, I will try to take a picture of the coin with the case open.

On seeing the reverse proof American Buffalo coin I was stunned as to how beautiful it is. It has an elegance that you cannot see in a picture. The coin will be released later this year. It will give us time to put some money aside to buy at least one version. If you buy no other gold coin this year, you should save to buy this one. I guarantee that you will not be disappointed.

Although the sales of the 2013 American Eagle West Point Two-Coin Silver Set went on sale today, the U.S. Mint only had a sample at the show. All sales are being made on line or via the telephone. You can see an image on Pinterest. I will try to take a better picture when I do one of the American Buffalo gold reverse proof since both are in the same display case.

Aside from buying a new loupe because I left mine at home, I just found a few New York-related tokens including a New York City subway token where the cutout “Y” is off-center.

One of the great things about coming to an ANA show is to see people, meet new people, and just have a great time. Some of us went to the French Quarter for dinner. After dinner, we walked a few blocks to the French Market for café au lait and beignets at Café du Monde. Thus, the tradition I started as a college student in 1980 continues—every trip I have ever made to New Orleans included a visit to Café du Monde.

Friday will be some Money Talks sessions and end with a reception for Congressman Steve Scalise (R-LA). Scalise is one of the sponsors for the newly introduced H.R. 1849, the bill to update the Hobby Protection Act. The same bill that did not get a hearing during the last session.

Keep a watch on Twitter and Pinterest for reports from the show.

Coins, Currency and Cafe au Lait

Hello from New Orleans: The Crescent City; The Big Easy; NOLA; N’awlins; the self-proclaimed America’s Most Interesting City; and home of the 2013 National Money Show.

After an early start and a change in planes in Atlanta, I made to Louis Armstrong International Airport. How could you not want to go to a place where the airport is named after the great Louis Armstrong! Oh yea!

I just checked into my hotel, freshened up a bit, and giving the phone a chance to charge so I can take pictures in the convention center. While waiting, I created a board on Pinterest where I will be posting those pictures. You can also follow me on Twitter where I will tweet and even post some images.

Of course, I will write an evening wrap-up. So keep your browser pointed here for what happens in New Orleans.

Remember, Saturday is the candidates forum for those running for the American Numismatic Association Board of Governors. I will be there along with the 15 other candidates including the president and Vice President candidates that are running unapposed.

Finally, at some point I have to make it to Café du Monde in the French Market for a café au lait. Going is a personal tradition that dates back to my first trip to New Orleans in 1980.

Time to go to the convention center!

Lew Looses Lewpts

MSNBC on-air comparison of Jack Lew's autographAlthough new currency with the autograph of Secretary of the Treasury Jacob “Jack” Lew have yet to be issued, Treasury documents signed by Lew have been seen with a new autograph.

During his confirmation hearings, it was reported that Lew told Sen. Max Baucus (D-Montana) that he made to the president “to make at least one letter legible.” It looks like he has made more than one letter legible based on the image broadcast by MSNBC.

Lew is not the only Treasury Secretary to change his autograph. Timothy Geithner did the same on his appointment. When asked about his autograph, Geithner said, “Well, I think on the dollar bill I had to write something where people could read my name. That’s the rationale.”

Not every autograph on U.S. currency could be considered legible. You can see all of the autographs on small size currency (since 1928) on this page at uspapermoney.info.

I wish Lew kept his lewpts!

A mock-up of what Jack Lew's original signature would look like on a one-dollar note

A mock-up of what Jack Lew’s original signature would look like on a one-dollar note

Jack Lew autograph examples courtesy of MSNBC.
Tim Geithner autograph examples courtesy of American Public Media

The ANA needs more than a new Executive Director

Kim KiickMay Day was an eventful day for the numismatic community. On May 1, the American Numismatic Association issued a press release announcing the appointment of Kim Kiick as the ANA’s new Executive Director.

I will support Kim Kiick as the ANA’s Executive Director as a member and if I should be privileged to be elected to the Board of Governors.

My issue is not with Kim but with the Board of Governors and the way this entire situation was handled.

Since my first comment regarding the firing of Jeff Shevlin, my Inbox has been flooded with reports and allegations of improprieties on all sides regarding this situation. Unfortunately, these are allegation without evidence. Unless someone can provide tangible evidence, any comments about this would be irresponsible. If anyone has evidence, they can contact me via email or hand it to me at the National Money Show in New Orleans next week.

If the evidence points to any type impropriety, I will look for remedies on behalf of the ANA. Remedies can include bringing an ethics complaint to the Board or if employment laws were broken, I can recommend appropriate legal action.

One issue I have is the hiring of Unlimited Potential, a management consulting firm based on Colorado Springs. According to the ANA press release, Beth Papiano of Unlimited Potential will “work with the Executive Director, Board of Governors and staff to increase the effectiveness of each and to improve communications and leadership skills.” While this appears to be the right approach, the selection of Ms. Papiano is suspect.

Sources provided evidence that Ms. Papiano was involved with the 360-degree feedback review of Jeff Shevlin. According to Wikipedia, a 360-degree review “is feedback that comes from members of an employee’s immediate work circle. Most often, 360-degree feedback will include direct feedback from an employee’s subordinates, peers, and supervisor(s), as well as a self-evaluation. It can also include, in some cases, feedback from external sources, such as customers and suppliers or other interested stakeholders.” According to my sources, the report provided to the Board of Governors did not contain reviews from everyone in the primary circle because they were not interviewed. Further, the 360-degree feedback review did not include indirect feedback because as a member of the ANA Technology Committee and an interested stakeholder based on my participation with this committee, I was not interviewed.

In reviewing 360-degree feedback, a Forbes article discusses why these types of reviews fail. If my sources are true, three of the points may have lead to this situation: The 360 tool/questions are too vague; People offer comments that are personal in nature rather than constructive; and Forgetting the strengths and only focusing on weaknesses.

While the Board of Governors will not talk about their deliberations, they should be taken to task about the process. Was the proper questions used? Was the feedback filtered for personal feelings leaving only constructive comments? Why was not everyone interviewed as part of the process? Finally, what experience does Ms. Papiano have in performing these 360-degree reviews?

It appears that experience matters. In criticizing the article that appeared in Forbes, Jack Zenger and Joseph Folkman published a commentary on the blog for the Harvard Business Review that “Yes, we sigh, there are too many 360 implementations that are pathetic wastes of time, resources, and—worst of all—opportunity.” Was the review a pathetic waste of an opportunity to properly review the organization and why there have been three dismissed executive directors in the last ten years?

I am trying to find out more about Ms. Papiano since her work resulted in the firing of one executive director and involved in the coaching of the current executive director. Unfortunately, for someone who claims to be a “nationally known coach and social systems consultant,” I cannot find any reference of her work before 2011. I am still researching in what context she is “nationally known” because everything I find only goes back for three years.

The Colorado Secretary of State Office has a record for the trade name Unlimited Potential being registered on September 1, 2004. Ms. Papiano is a sole proprietor with no indication of employees even though her company website uses a lot of first-person plural statements.

Does this mean she is not qualified? I am not sure. While trying to find more information about Papiano and Unlimited Potential, I found the profile she entered at Naymz, a site for people to manage their “social reputation” online. According to this information, Papiano has owned Unlimited Potential since 2004. Prior, she was an employee for Quantum (a computer storage company), Sun Microsystem (since purchased by Oracle), and Hewlett-Packard. There is no indication that she has any experience with the management or executive consulting of non-profit organizations. In fact, her Naymz profile does not mention any experiences with non-profit companies. The first sentence of her profile says “20+ years as an organizational effectiveness manager and executive coach inside Fortune 100 companies….”

One thing that bothers me is the obvious mistake of beginning a sentence with a number. While I admit that my writing on this blog has been less than perfect, when I write something in the professional arena I make sure it is grammatically and structurally correct. Mistakes happen, but someone who is responsible for communicating results should demonstrate a better command of the language.

But does this really mean Papiano is not qualified? I continue to be not sure but the search for qualifications continue to raise questions. It is possible that with all the market bluster that she tried to generate for herself over the last few years, that she could be an effective managing consultant. Then I visited the testimonials section of her website to find unattributed quotes and “client results” also without attribution. Maybe I have been living and working in the Washington, D.C. area too long because not having a history that could be verified is not comforting. “Trust, but verify” was a phrase made famous by Ronald Reagan. I think it applies here.

Papiano may be good at what she does but she may not be the right person for the ANA to have as a management consultant at this time. I question whether Ms. Papiano may have been either careless in performing the 360-feedback review, unwittingly complicit in a targeted attempt at having Jeff Shevlin fired, or an opportunist thinking that she could manipulate the situation to get a follow-on contract with the ANA.

In letters sent to numismatic publications and a note posted on the PCGS forums, I called for a management consultant to review the ANA organization. In the letters I wrote “Rather than begin the search for an executive director, I call on the ANA Board of Governors to hire an executive consulting firm to evaluate the operations of the ANA. The firm should have no connection with anyone in the ANA and should be directed to present their findings to the new board at their first meeting during the World’s Fair of Money in August.” Unfortunately, the Board chose to move forward quickly without allowing the new board to review the situation and also chose to retain Papiano.

If elected to the Board of Governors, the first motion I will make will be to hire an executive management firm that has a verifiable background in helping non-profit organizations to review the entire ANA management structure. This management consulting firm will be asked to asses the ANA as follows:

  • Review the organizational structure of the ANA headquarters
  • Review the employment policies for those working at the ANA headquarters
  • Review the employee environment at the ANA headquarters and make recommendations for improvement
  • Review the Board of Governors’ current and past relationships with the employees at the ANA headquarters
  • Review the 360-degree feedback review of Jeff Shevlin and the process which caused his termination
  • Perform a similar review with regard to the termination of Larry Shepherd
  • Review the mentoring plan for Kim Kiick for effectiveness
  • Provide recommendations to the by-laws and/or ANA policy to provide membership with the assurance that the ANA is being properly run

As part of my motion, I will provide recommendations as to who the Board of Governors could hire. These recommendation will consist of management consulting firms that have had verifiable experience working with non-profit companies and no ties to the ANA in any manner.

Of course the Board can vote against my proposal or I could not be elected to the Board of Governors. In either case, I will continue to pursue this issue because the status quo is unacceptable.

Image of Kim Kiick courtesy of the ANA.

Summary of April 2013 Coin-Related Legislation

S. 768: Sound Money Promotion Act

Sponsor: Sen. Mike Lee (R-UT)
  • A bill to treat gold and silver coins used as legal tender in the same manner as United States currency for taxation purposes.
  • Introduced: April 18, 2013
  • Referred to the Senate Committee on Finance
Track this bill at http://www.govtrack.us/congress/bills/113/s768

H.R. 1653: Pro Football Hall of Fame Commemorative Coin Act

Sponsor: Rep. James Renacci (R-OH)
  • Introduced: April 18, 2013
  • Referred to the House Committee on Financial Services.
Track this bill at http://www.govtrack.us/congress/bills/113/hr1653

H.R. 1719: Cents and Sensibility Act

Sponsor: Rep. Steve Stivers (R-OH)
  • To amend title 31, United States Code, to save the American taxpayers money by immediately altering the metallic composition of the one-cent, five-cent, dime, and quarter dollar coins, and for other purposes.
  • Introduced: April 24, 2013
  • Referred to the House Committee on Financial Services.
Track this bill at http://www.govtrack.us/congress/bills/113/hr1719

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