Save the Lewpty Lew

With the announced retirement of Secretary of the Treasury Timothy F. Geithner, President Barack Obama nominated his Jacob Joseph “Jack” Lew, his current Chief of Staff, to be the next Secretary.

Tim Geithner's signature as it appears on U.S. currency

Tim Geithner’s signature as it appears on U.S. currency

One of the responsibilities of the Secretary of the Treasury is to be one of the signatures on the United States’ Federal Reserve Notes. By convention, the Secretary’s signature is on the right side of the front of every note. Since the Bureau of Engraving and Printing began producing the Series 2009 Federal Reserve Notes, a signature of Tim Geithner has adorned the currency. However, we have recently learned that Geithner changed his signature to be more legible.

Should Lew be confirmed by the Senate, which is very likely, he will provide his signature to the engravers at the BEP so that it would replace Geithner’s. Based on past practices, the new Lew-Rios notes would become Series 2009A.

The Lewpty Signature of Jacob "Jack" Lew

The Lewpty Signature of Jacob “Jack” Lew

This is not Jack Lew's signature on a Hostess Cupcake

This is not Jack Lew’s signature on a Hostess Cupcake

What has been noticed is that Lew’s autograph is different from any of the past Secretaries. His signature is a series of loops that has been charitably called the “Lewpty Lew” or compared to icing decoration on the Hostess Cupcake.

After hearing how Geithner changed his signature when providing the BEP with currency samples, there are some that want Lew not to change his autograph and have the “Lewpty Lew” appear on United States currency. Between now and February 8, 2013, there is a petition on the White House website to Save the Lewpty-Lew and have Jack Lew’s autograph loops appear on U.S. currency.

If you would like for Jack Lew to add his loops to U.S. currency and not try to make it legible, you can weigh in and sign the petition on the White House website!

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

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

Credits

  • Image of Tim Geithner’s signature on currency courtesy of Wikipedia.
  • Jack Lew’s signature courtesy of Slate.
  • Hostess Cupcake image courtesy of Wikipedia.
  • Dollar Bill mock-up with Lew’s Loops courtesy of New York Magazine.

This Week’s Poll: U.S. Mint’s Last Chance Sale

This week’s poll is asking about the U.S. Mint’s Last Chance Sale, items that the U.S. Mint will stop selling on December 17. Amongst the items are the 2011 September 11 National Medal, 2012 Infantry Soldier Proof Silver Dollar, and the 2012 Star-Spangled Banner Commemorative Coins.

Will you buy these coins or medals? Did you already buy these coins or medals? Let your opinion be heard!

What Do You Think?

Nothing exists except atoms and empty space; everything else is opinion.
— Democritus

The power of the opinion. Opinions drive us to do things based on what we hear, how we feel, and process the information around us. Opinions make us different and even binds us together as a species. Opinions can have a significant effect on society, like and election. Other times, opinions can be like screaming into the wind, like complaining about the U.S. Mint.

Sometimes, expressing our opinion can be fun. I have taken the fun part of expressing our opinions in collecting and numismatics and added the ability to express your opinion privately, without anyone knowing what you think. If you look in the right column of this page, there is Poll section where I will post a weekly poll asking for your opinion on something. Anything. All related to numismatics.

The first poll is asking which is your favorite dollar coin design of the six choices listed. Pick one, click on the “Vote” button, and your opinion will be recorded.

Polls will change every week on Monday. Some polls may be about something serious or I may ask less than serious questions. Regardless of the question, it is all in fun.

You can vote once per poll. Yes, I know there is a way to “beat the system.” But if you are that passionate about a question, go ahead!

The system will keep an archive of polls which you can find on the Collectors Poll Archives page.

It were not best that we should all think alike; it is difference of opinion that makes horse races.
— Mark Twain in The Tragedy of Pudd’nhead Wilson
The Poll

What is your favorite dollar coin design?

Morgan Dollar (33%, 8 Votes)
Peace Dollar (25%, 6 Votes)
Sacagawea "Golden" Dollar (21%, 5 Votes)
Liberty Seated Dollar (13%, 3 Votes)
Eisenhower Dollar (4%, 1 Votes)
Susan B. Anthony Dollar (4%, 1 Votes)

Total Voters: 24

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Enjoy!

A Small Find From France

A 2012 one Euro cent pocket change find from France next to a 2012 Lincoln cent.

Somewhere in my travels I received a 2012 one Euro cent coin from France. It is interesting how this coin made it into change here in the United States unless someone was really not paying attention since the Euro cent coin is smaller than our Lincoln cent. Although both are copper coated, our Lincoln cent is 19.05 mm (.75 inches) in diameter while the standard Euro cent is 16.25 mm (.639 inches). The Lincoln cent is also heavier at 2.5 grams made of copper-plated zinc with 2.5-percent being copper. The Euro cent is copper-plated steel weighing in at 2.27 grams where 5.65-percent is copper.

After doing an online search, I found that this is a 2012 coin from France.

As with all Euro coins, the reverse or common side depicts the same common Euro cent design that every country in the European Union uses and has used since Euro coins and currency were issued in 2002.

Le Triomphe de la République by sculptor Aimé-Jules Dalou at Place de la Nation in Paris features Marianne, the national emblem of France.

On the reverse, or national side, the coin features Marianne, the national emblem of France and an allegorical figure of Liberty and Reason. Marianne symbolizes “Le Triomphe de la République” (Triumph of the Republic), a bronze sculpture that overlooks the Place de la Nation in Paris. Marianne embodies the desire for a sound and lasting Europe.

To the right of Marianne are the letters “R” and “F” for the République Française (French Republic). The design is surrounded by 12 stars symbolizing the the 12 nations in the European Union at the time of the design. It was designed by Fabienne Courtiade, an engraver from Monnaie de Paris (Paris Mint) whose name appears as “F COURTIADE” between the fourth and fifth star (assuming clock-like positions). This design is used on France’s one, two, and five Euro cent coins—all copper-plated steel coins.

If nothing else, I am a little ahead of the game since the coin is worth 1.3-cents at the current exchange rate. I hope you had a good Thanksgiving.

Image of the statue “The Triumph of the Republic” courtesy of Wikimedia Commons.

Coin Magic for a Saturday

It is homecoming weekend at my undergraduate alma mater. For the first time in many years, I am off to join other alumni to relive some good times from our youth in front of more than 92,000 of our closest friends. I’m sure we will find time to watch some football.

In the mean time, let me leave you with this video for a little weekend fun. Magician Rick Lax performs a trick to penetrate a clear drinking glass with a coin.

Rick Lax sent the link to me in hopes I would give him some free publicity. Since it is a cool trick and it only costs $19.95 to learn how to do it, I thought I would give him a shout out for the trick. Click here to learn more about the trick.

If you want to really have some fun, you can watch my personal Twitter stream. I might take some pictures before the game, from the field during pre-game, and provide other commentary during the game!

Keeping it Light Today

Before I begin with today’s post, to help the victims of Hurricane Sandy, I urge my readers to donate what they can to the American Red Cross. You can donate online or you can Text REDCROSS to 90999 to donate $10 to the Red Cross Disaster Relief fund. Charges will appear on your wireless bill, or be deducted from your prepaid balance.

Those of us in the D.C. metropolitan area dodged the wrath of Sandy for the most part. There are power outages, trees down, and flooding, but not to the extent north and east of here. It may take a day or two for what passes as normalcy to return to the area but we are in better shape than the coastal areas from the Delmarva Peninsula north to Connecticut and Rhode Island. I wish all of those in the effected areas well and hope their recovery goes as smoothly as possible.

Today’s post is lighter than planned. I rather than do a 2012 version of the numismatic trick or treat as I did last year, I will show off a pocket change find was not found in pocket change and not even change, per se. At our last coin club meeting someone paid for their auction lots with this Series 1953 $2 Federal Reserve Note. Although it is not in good shape and there is a tear in the bottom corner, I decided to take it as part of payment for the lots I sold.

Sec. George M. Humphrey
Thomas Edgar Stephens (1957)–Oil on canvas

Priest Pictured with a hat of money when she announced her candidacy for treasurer of California (circa 1966)

This note from the Federal Reserve Bank of Boston has a “full-house” serial number, for those into playing Liar’s Poker. It is signed by Treasurer Ivy Baker Priest and Secretary of the Treasury George M. Humphrey. Both were appointees of President Dwight D. Eisenhower.

Humphrey was the 55th Secretary of the Treasury serving during Eisenhower’s first term. It was reported that Humphrey gave up a $300,000 annual salary as president of the steel manufacturer M.A. Hanna Company to accept a Cabinet position that paid only $22,500. After retiring from government service, Humphrey returned to Hanna Company and later became chairman of National Steel Corporation.

Long time readers will remember that Priest was the mystery guest on the television game show “What’s my Line” that aired on August 29, 1954. If you forgot, you can go back and watch the video.

Aside from being a political leader in Utah and the 30th Treasurer of the United States, Priest is also the mother of Pat Priest who is better known for playing Marilyn Munster on the 1960’s sitcom “The Munsters.”

Pocket Change Find: Obverse of a Series 1953 $2 Federal Reserve Note signed by Treasurer Ivy Baker Priest and Secretary of the Treasury George M. Humphrey

Pocket Change Find: Reverse of a Series 1953 $2 Federal Reserve Note featuring image of Jefferson’s Monticello.

Portrait of Secretary George M. Humphrey courtesy of the Department of the Treasury.
Image of Ivy Baker Priest courtesy of findgrave.com.

Numismatics at an Auto Show

My dream car… in model form!

You never know when a hobby would intersect with an interest. Of course the hobby is numismatics. The interest is cars. Not just any cars, but classic cars. I have a weak spot for the muscle cars of the early 1970s and just about any car built before 1960. In fact, my dream car is a red 1959 Cadillac Eldorado Biarritz Convertible. I cannot think of any car that screams American over-the-top solid engineering and styling of Harley Earle than of that 5,000 pound beast. General Motors sold the car for $7,400 in 1959 which would be $58,845.77 in 2012 dollars. Even though the Series 62 may be a little less expensive on the current classic car market, when you are looking at cars out of your price range why not go for the top of the line!

Saturday was the 2012 Rockville Antique and Classic Car Show, a yearly show supported by 25 local and regional car clubs. When I arrived around 1 o’clock I saw a field with more than 500 antique and classic cars. Although I was not interested in some cars, there were others that were absolutely stunning. While I did not find a 1959 Cadillac, there were a few cars that I would love to own. You can see some of the cars I found and a quick video of the inside of a Volkswagen Bus visit on my page at Photobucket.†

While the 1959 Cadillac is my dream car, my nostalgic car is a 1973 Plymouth Gold Duster. While it was not my first car, it ranks one of my favorites from my early days. This Gold Duster was “sunshine yellow” with the brown snake-skin three-quarter covered vinyl top. The 225 Hemi Slant 6 engine output 145 horsepower but was more than enough for this car especially since it did not have air conditioning! My father bought it as a new car in 1973 and I “inherited” it in 1980 while in college. Unfortunately, it met its demise on a rainy road while trying to avoid hitting a dog.

To satisfy my nostalgia, I was looking at the wares of the flea market dealers in the adjacent lot when I came across a brochure for the 1973 Gold Duster. “Get Ready to Stake Your Claim” screams the headline on the front cover. Open the brochure and it tells you that “You’ve Discovered Gold Duster.” While admiring the picture that reminded me of my youth, I noticed the coin image at the bottom right corner that said:

If you cannot read the image, it says:

BLAKE & COMPANY $20.00 GOLD PIECE
This gold coin is a replica of the fame Twenty Dollar California Gold Piece, struck in about 1855, that bought sustenance during the days of the great Gold Rush.
This is a replica of only two known specimens. The originals are so rare no value has been established.
Notice the very fine detail and workmanship. The press embossed on the coin is a good representation of what a coin press looked like in the 1800’s. The milling around the edge of the coin was done to prevent shaving the coin—thereby decreasing its value. The original coins were .900 pure gold.
You can make a complete collection of famous United States coins by consulting the back page of this booklet.

Interested in what this collection can be, I turned over the brochure see a 1973 advertisement for 12 “authentic replicas” of the Chrysler-Plymouth “Old West” Coin Collection. The collection appears to be replicas of various assay tokens from the famous gold assayers of the time. For $7.75 per set (or $40.39 today), you could have ordered a full set along with a vinyl/velour folder.

Chrysler-Plymouth “Old West” Coin Collection Order Form from 1973 Plymouth Gold Duster Brochure

At the intersection of cars and numismatics I found fascinating piece of automotive advertising history with a numismatic slant. I do not know if a version of this set has survived—an Internet search yielded more copies of the brochure—but it would be interesting to find a set.

† At the time this is posted, I have not labeled the images on Photobucket. I hope to finish that sometime this week.

Make Your Own Currency Art

Now that it has been three weeks since the autumnal equinox, the kind folks at the National Weather Service has issued a freeze warning for the Washington, D.C. area almost ending most outdoor activities. Aside from finding new coats for the dogs and their human parents and looking for a good charity which to donate the old coats, it is time to look for something to do indoors.

Being a blog about numismatics, I went on a search to find something a little different that the whole family could do when I stumbled on a YouTube video teaching the watcher “How to Make an Origami Dollar Ring.” It’s fun, functional, and costs only one dollar per ring.

Interestingly, the host of the video starts with showing how to use plain paper if you do not have a U.S. one dollar note. All it takes is using ordinary paper that is cut down to 15.5 cm in length and 6 cm in width. It is better to use metric measurements so that you can cut the sheet to the right size. Another advantage of using plain paper is that you can print anything on it prior to folding.

Here is the video to teach you what to do:

If you want to make your own ring using plain paper, I created a template based on the video’s instructions. The advantage of using the templates is that you can create your own design. After I folded my own dollar, I decided to make my own design based on the theme to this blog. Here are my results:

If you want to make your own ring, I created templates with lines showing the basic folds. I am including a blank template for you to create your own design and the template I used to make the Blog ring. Click on the link for the format you want and it will automatically download the file for you.

NOTE: When you click on the link above, your browser may open the file using the appropriate application on your computer. How this works depends on the browser you use and how you have it configured.

If It’s Saturday It Must Be Fredericksburg

On Saturday I had the pleasure of attending the Virginia Numismatic Association Annual Show in Fredericksburg, Virginia. Fredericksburg is about half-way between Washington, DC and Richmond. After a late morning start, I ate a quick breakfast and climbed into the old X3 and hit the road to make my first stop to honor National Coffee Day at a nearby coffee shop.

With hot java in the accessible coffee holder, the X3 was pointed to the highway and we headed south to Fredericksburg. For the most part, it was a pleasant trip except for the last 12 miles where I found myself in what was called a usual traffic delay to the Rappahannock River. Along the way, I was able to use the new iOS 6 maps program with GPS capabilities with no issue. For those who heard the alleged “horrors” of Apple’s map program, I found that for daily use I have had no problems. I think most people who do not try to find obscure addresses (i.e., like trying to map an weird address near a park) will find that it is a quite adequate app.

Relieved of the frustration caused by I-95 traffic, I exited at Route 3 and let the GPS guide me to the Fredericksburg Expo & Conference Center. It is a nice facility with nearby hotels and a large shopping area. Travelers who might have forgotten something would not have to travel far to find a replacement.

Interestingly, the USA Fencing Virginia 2012 KickOff Classic Circuit Fencing Tournament was being held in a different part of the center. It made for a good mix of numismatists and fencers walking in the parking lot. However, it was a little disconcerting when a gentleman was walking toward me in the parking lot carrying four fencing foils!

I registered at the front door and spoke with a number of the VNA people. I met a few of their officers and talked while I wrote my name on a few raffle tickets. Each hour, the VNA raffles of something. There were books, coins, tokens, and medals in the case that showed what was part of each hour’s raffle. You do not have to be present to win, but I did have to write my name and telephone number on 11 tickets which I purchased for $10. Once done, I walked by a Stafford County police officer and entered the bourse floor.

The show was in a pretty large hall with about 50 tables. There seemed to be a slight din of activity but nothing too overwhelming. As I walked around the floor looking at the items on a number of tables, I spoke with quite a few people. There were even a few I had met at other shows like the Whitman Baltimore show. Some said that Saturday was a bit slow, especially as compared to previous years. After a while, I asked some of the Virginia-based dealers if the nice weather and the college football games, specifically the Virginia Tech-Cincinnati game that was played at FedEx Field in Landover, Maryland (home of the Washington Redskins) and the Virginia-Louisiana Tech game in Charlottesville (both Virginia schools lost).

It has been a long time since I have been to a smaller show (under 100 tables). Even with the large venue, the fewer tables and with dealers I have never met before from areas of Virginia and North Carolina, it made for a relaxing atmosphere. Many of these dealers also had a different way of handling their inventory such as currency dealers who did not have everything graded and many of their lower quality but desirable series in books in the table for collectors to browse. For the collector on a budget who wants to consider notes with character, being able to flip through a book of these notes is a great idea and, even if you are not a currency collector, a lot of fun just to look. I liked having this type of accessibility and it was refreshing.

There were not many exhibits at this show. I did capture two pictures of exhibits I thought were interesting (see my Pinterest board), but I wish there were more.

At the end of the aisles in the center was an exhibit of philately (stamps) along with pictures that were about Virginia and the its role in the Civil War and after. This exhibit has a few great, vintage pictures of General Ulysses S. Grant (before he became president) including one where his portrait is aside one of General Robert E. Lee. Unfortunately, the pictures had take did not come out well (and I forgot to try again after being distracted).

After four hours of looking and schmoozing, I went back to the X3, plugged in my iPhone, and found that the game was being streamed by CBS through their iPhone app. After a stop to make sure I supported National Coffee Day again, I plugged in the iPhone and listened to the broadcast during the drive home. I am not sure which was worse, the traffic or the lack of defense during the game!

I arrived home in time to see the fourth quarter and make sure the final score was at least in my favor. Feeling better for the win, I was able to reflect on the good time I had at the VNA Convention while having dinner with my wife.

Congratulations to the Virginia Numismatic Association for putting on a good show.

Scott’s 10 Most Desired Coins Within Reason

I was reading the article “How to follow the money in rare-coin collecting” at MarketWatch.com about the basics of collecting rare coins when I noticed that it pointed to a page withe a slideshow, “The $1 million penny and 7 more famous coins.”

The list has only one “reasonably priced” coin—that is a coin that someone with a little means could afford. It lists the an 1850 Double Eagle at $13,000. That started me to think about the potential to actually owning a few rare collector coins with value and something more align with my tastes. After thinking about this I came up with a list of my “10 Most Desired Coins Within Reason.” In this case, I defined reason as not being so rare that it could only be bought with the help of a good dealer and would not require bidding on it at a once-in-a-lifetime auction. I also set a limit of $5,000 on the price of any coin. I know this may limit the inventory to lower grade for some coins, but those lower grades could give the coin character.

Mostly in denomination and date order, here are Scott’s 10 Most Desired Coins Within Reason:

  1. 1793 Flowing Hair Chain Cent with AMERI. in Legend is basically amongst the first legal tender coins produced by the U.S. Mint. I know that there was an earlier run of half-dismes, but they were not real production runs. If I am going to produce a list like this, I am going to pick the coin I like and break one of my rules because even at its lowest grade, the coin will probably cost more than $10,000.
  2. 1909-S Indian Head Cent in Mint State Red. Even though the 1908-S was the first Indian Head cent struck in San Francisco, I am choosing the rarer of the two S-mint Indian Heads in Mint State Red. Of course, this may also break my budget but it would be no fun otherwise.
  3. 1909-S VDB Lincoln Cent may not be the most expensive Lincoln Cent (the 1914 is), but it is the first of the iconic series and part of the controversy started because of the “V.D.B” initials on the reverse. Fortunately, I already own one graded as VF-30BN by NGC.
  4. 1955 Double Die Obverse Lincoln Cent is the coin that sparked the interest in error collecting. It is remarkable to think that one coin, a mistake, created a new segment of the hobby. For me, I already own one graded AU-58BN by NGC that I really like.
  5. 1937-D 3-Legged Buffalo is a very cool coin. Aside that the Buffalo Nickel is one of my favorite coin designs, there is something intriguing about the story behind this coin. Fortunately, the one I own was graded VF-25 by NGC and the last of the ones I already own on this list.
  6. 1917 Type 1 Standing Liberty Quarter is a compromise because the 1916 would be too expensive. In order to add a type 1 design (with breast exposed), the 1917 version is more reasonably priced in higher grades.
  7. 1921 Walking Liberty Half Dollar would be the coin I would point to on this list as being my favorite design. For me, only the Saint-Gaudens Double Eagle come close to Adolph Weinman’s design. It should not surprise anyone that Weinman was one of Saint Gaudens’ students. The 1921 half dollars were almost an afterthought as the U.S. Mint was rushing to produce silver dollars and the 1921 fits the criteria to buy one in higher grades.
  8. 1878-CC Morgan Dollar in the GSA Holder because it is interestingly historic. The Morgan Dollar was authorized by the Bland-Allison Act that required the Treasury Department to buy silver from western mines and put them into circulation as silver dollars. It was passed after the Coinage Act of 1873, sometimes referred to as the “Crime of ’73,” demonetized silver and set the standard for gold as the backing of the national currency. Not only do you get the collectible from a western state near a western mine, but the GSA Holder is from the historic sales of the 1970s after the GSA started pulling coins out of storage in buildings long forgotten.
  9. 1908 Indian Head Gold Half-Eagle because if you make a list like this, there has to be some gold on it. If I am going to do a gold coin, I want the only coin whose design is incuse to the coin. Bela Pratt Lyon’s incuse Indian Head design is unique and nicely available in its first year of mintage.
  10. 1907 No Motto Saint Gaudens Double Eagle because this list cannot be complete with the other of the two most iconic designs ever made for a circulating coin. Since 1907 is the first year, this is the most affordable of the three types made that year and is more available than the high-relief versions.

Do you have a similar list? Add it to the comments below.

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