Encased Postage Stamp

This encased postage stamp token was used during the American Civil War. American entrepreneur John Gault created these tokens and sold them for $0.02 each over the price of the postage stamp, with the buyer’s advertisement on the reverse. During the war, the federal government printed paper currency to help finance the war effort. People did not trust the printed currency and hoarded coinage, including copper cents. This produced a shortage of copper coinage for day-to-day transactions.

People started using postage stamps for small transactions, but the stamps did not withstand the rigors of daily commerce. Gault designed these tokens with mica covering the stamp to protect them for regular trade. Perhaps as many 750,000 pieces were made and sold, but only around 5,000 survive today.

Encased postage stamp, obverse

Encased postage stamp, reverse

British Mandate of Palestine

The PNNA and Willamette Coin Club held their annual fall coin show this weekend. It seemed well attended on Saturday. I put together a display on the Coinage of the British Mandate of Palestine. I enjoyed putting the exhibit together, but didn’t win any prizes for it. Here’s a photo of the display:

coin display

The ANA’s traveling road show displayed a famous 1913 Liberty Head nickel and a few error coins at the show. This nickel is a worth a couple of million dollars.

ANA Display

ANA Display

Fall PNNA Convention

The PNNA’s Fall 2013 convention will be held in Portland on October 5 & 6 at the DoubleTree Lloyd Center Hotel. The national ANA will exhibit the McDermott/Bebee 1913 Liberty Head “V” Nickel and a collection of famous errors.

I will also be showing my first exhibit at the show on coins from the British Mandate of Palestine. I have a type set collection of coins from this period. I will post photos after the show.

For more information about the show, see this web site: http://www.pnna.org/convention/convention_fall.html.

Well Worn 1795 Cent

This one is well worn, but it’s a beauty. I like to collect coins by type, and this is the first large cent from the early Liberty Cap series. The US Mint formed in 1792, only a few years before this early piece was made.

Obverse of 1795 large cent

Reverse of 1795 large cent