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<p>[QUOTE="John Wright, post: 4544039, member: 107782"]Thanks for the heads-up.</p><p>No, I don't get CoinWeek, nor do I</p><p>check that site -- but I *DID* devour</p><p>that article. I have a few FACTUAL</p><p>discrepancies to point out and I think</p><p>he should have gone beyond the REN</p><p>lawsuit and wrapped up on Breen too.</p><p><br /></p><p>1) Under "Early American Cents the author </p><p>states that the lack of an 1815-dated cent </p><p>was due to a fire at the mint. copper blanks </p><p>were bought pre-cut and ready to be impressed </p><p>into cents and half cents. At that time the </p><p>sole source of these blanks was England, which </p><p>was unavailable due to our "War of 1812" with </p><p>England. The mint ran out of copper blanks </p><p>in October of 1814. Bob Julian's excellent </p><p>detective work published in the January 1995 </p><p>issue of THE NUMISMATIST showed that there were </p><p>indeed cents struck and delivered late in 1815. </p><p>But these were from either on-hand dies dated </p><p>1814 or from newly-prepared dies dated 1816. </p><p>Bob Julian claims the latter, Bill Eckberg </p><p>makes a convincing case for the former. The </p><p>only 1815-dated US coins were a single die-pair </p><p>each of the quarter dollar, the half dollar, </p><p>and the very rare half eagle. </p><p><br /></p><p>The afore-mentioned fire occurred in January </p><p>of 1816 and destroyed the mint's rolling mills, </p><p>so no silver or gold could be minted until they </p><p>were replaced in 1817. So the total US coinage </p><p>of 1816 was ONLY cents. </p><p><br /></p><p>The REAL numismatic trick-question is "in what </p><p>year after 1792 were no US cents struck?". Since </p><p>there are no 1815-dated cents, that is the obvious </p><p>(but wrong) answer. The Director's report for 1823 </p><p>states "there having been no copper coined during </p><p>the year" -- so all 1823-dated cents were made in </p><p>1824 or later, and "1823" is the correct answer. </p><p><br /></p><p>2) Also under "Early American Cents" the author </p><p>states "No one undertook, let alone published, an </p><p>in-depth catalog of the entire large cent series </p><p>until William Herbert Sheldon, Ph.D., M.D. burst </p><p>over the numismatic horizon in 1947." In 1890 </p><p>Francis Doughty did a valient (but failed) attempt </p><p>at this, and by 1947 every year (1793-1857) had </p><p>been published in detail -- but in eight or more </p><p>separate books, each covering one-to-a-few years. </p><p>Sheldon was the first to do a good job of bringing </p><p>all pre-1815 cents under a single cover. </p><p><br /></p><p>3) under "The Sheldon Scale" the author</p><p>confuses "Grade" and "Rarity", which</p><p>are two independent items which he</p><p>states (and defines) one as the other.</p><p><br /></p><p>4) In the next paragraph he says the</p><p>original (1949) Sheldon grading scale</p><p>was 1 to 70. WRONG! "Early American</p><p>Cents" defined and listed 1 to 60 (MS).</p><p>The '65' and '70' were added in "Penny</p><p>Whimsy" (1958) to try to account for</p><p>why some MS coins consistently brought</p><p>5% more (for superb specimens) to 10%</p><p>more for (for a FANTASTIC gem) than</p><p>for 'other' MS examples of the same</p><p>variety. He also added the 'premium'</p><p>multipliers for "among the best six"</p><p>and for "finest known example". But</p><p>even those weren't enough to make his</p><p>'calculation' of value (=selling price)</p><p>work. Grades as numerical items for</p><p>calculations (or 'measurements') are</p><p>simply a misleading error.</p><p><br /></p><p>5) Under "PW and Walter Breen" the author</p><p>states that Breen's 'autobiography' in</p><p>PW is "a tissue of falsehoods". Such</p><p>a statement (though likely true) calls</p><p>for references or specific refutations</p><p>which are not given.</p><p><br /></p><p>6) Under "Allegations of Theft" the author</p><p>states that Ted Naftzger noted discrepancies</p><p>in the descriptions of the TJ Clarke coins</p><p>and the coins bought from Sheldon. The stink</p><p>actually came from Del Bland's comparison of</p><p>the pictures taken by ANS on acquisition of</p><p>the Clapp coins and the actual coins in the</p><p>vaults of the ANS, not in TJC vs WHS. Then</p><p>there were the Noyes pictures of the Naftzger</p><p>collection (after Ted purchased the Sheldon </p><p>collection), which matched some of the ANS</p><p>'missing coins'. This was the 'smoking gun'.</p><p><br /></p><p>Though the statute of limitation for the</p><p>'theft/swap' had passed, the LOCATION of</p><p>some swapped-out coins was now known for</p><p>the first time, which made the case 'live'.</p><p><br /></p><p>7) ANS is in New York. REN is in California.</p><p>Had ANS filed suit it would have been in</p><p>New York. REN (in CA) sued ANS to get the</p><p>'home court' advantage. But since REN had</p><p>a progressing case of medically-proven</p><p>Altzheimer's, most of his later replies in</p><p>court were (truthfully) "I don't remember",</p><p>which was judged as evasive and strongly</p><p>influenced the verdict.</p><p><br /></p><p>Also, near the end of the article, the author </p><p>talked about an ANA presentation in 1995, then </p><p>went on about "and later in 1993" -- oh REALLY? </p><p>Which (if either) of these dates is reality?</p><p><br /></p><p>Other than the above points, the author has done</p><p>as SUPERB, WELL-RESEARCHED, and WELL-WRITTEN job.</p><p>Thank you GOBS for sharing this with me.[/QUOTE]</p><p><br /></p>
[QUOTE="John Wright, post: 4544039, member: 107782"]Thanks for the heads-up. No, I don't get CoinWeek, nor do I check that site -- but I *DID* devour that article. I have a few FACTUAL discrepancies to point out and I think he should have gone beyond the REN lawsuit and wrapped up on Breen too. 1) Under "Early American Cents the author states that the lack of an 1815-dated cent was due to a fire at the mint. copper blanks were bought pre-cut and ready to be impressed into cents and half cents. At that time the sole source of these blanks was England, which was unavailable due to our "War of 1812" with England. The mint ran out of copper blanks in October of 1814. Bob Julian's excellent detective work published in the January 1995 issue of THE NUMISMATIST showed that there were indeed cents struck and delivered late in 1815. But these were from either on-hand dies dated 1814 or from newly-prepared dies dated 1816. Bob Julian claims the latter, Bill Eckberg makes a convincing case for the former. The only 1815-dated US coins were a single die-pair each of the quarter dollar, the half dollar, and the very rare half eagle. The afore-mentioned fire occurred in January of 1816 and destroyed the mint's rolling mills, so no silver or gold could be minted until they were replaced in 1817. So the total US coinage of 1816 was ONLY cents. The REAL numismatic trick-question is "in what year after 1792 were no US cents struck?". Since there are no 1815-dated cents, that is the obvious (but wrong) answer. The Director's report for 1823 states "there having been no copper coined during the year" -- so all 1823-dated cents were made in 1824 or later, and "1823" is the correct answer. 2) Also under "Early American Cents" the author states "No one undertook, let alone published, an in-depth catalog of the entire large cent series until William Herbert Sheldon, Ph.D., M.D. burst over the numismatic horizon in 1947." In 1890 Francis Doughty did a valient (but failed) attempt at this, and by 1947 every year (1793-1857) had been published in detail -- but in eight or more separate books, each covering one-to-a-few years. Sheldon was the first to do a good job of bringing all pre-1815 cents under a single cover. 3) under "The Sheldon Scale" the author confuses "Grade" and "Rarity", which are two independent items which he states (and defines) one as the other. 4) In the next paragraph he says the original (1949) Sheldon grading scale was 1 to 70. WRONG! "Early American Cents" defined and listed 1 to 60 (MS). The '65' and '70' were added in "Penny Whimsy" (1958) to try to account for why some MS coins consistently brought 5% more (for superb specimens) to 10% more for (for a FANTASTIC gem) than for 'other' MS examples of the same variety. He also added the 'premium' multipliers for "among the best six" and for "finest known example". But even those weren't enough to make his 'calculation' of value (=selling price) work. Grades as numerical items for calculations (or 'measurements') are simply a misleading error. 5) Under "PW and Walter Breen" the author states that Breen's 'autobiography' in PW is "a tissue of falsehoods". Such a statement (though likely true) calls for references or specific refutations which are not given. 6) Under "Allegations of Theft" the author states that Ted Naftzger noted discrepancies in the descriptions of the TJ Clarke coins and the coins bought from Sheldon. The stink actually came from Del Bland's comparison of the pictures taken by ANS on acquisition of the Clapp coins and the actual coins in the vaults of the ANS, not in TJC vs WHS. Then there were the Noyes pictures of the Naftzger collection (after Ted purchased the Sheldon collection), which matched some of the ANS 'missing coins'. This was the 'smoking gun'. Though the statute of limitation for the 'theft/swap' had passed, the LOCATION of some swapped-out coins was now known for the first time, which made the case 'live'. 7) ANS is in New York. REN is in California. Had ANS filed suit it would have been in New York. REN (in CA) sued ANS to get the 'home court' advantage. But since REN had a progressing case of medically-proven Altzheimer's, most of his later replies in court were (truthfully) "I don't remember", which was judged as evasive and strongly influenced the verdict. Also, near the end of the article, the author talked about an ANA presentation in 1995, then went on about "and later in 1993" -- oh REALLY? Which (if either) of these dates is reality? Other than the above points, the author has done as SUPERB, WELL-RESEARCHED, and WELL-WRITTEN job. Thank you GOBS for sharing this with me.[/QUOTE]
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Interesting article on the human failings of prominent numismatists.
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