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Replies: 10 / Views: 2,072 |
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New Member
United Kingdom
13 Posts |
I'm new here (though not to numismatics). Hopefully someone can help with a query? I recently purchased a coin from Heritage's Newman sale. I appreciate that it's not a US coin, but the question is a general one and, given that the coin was most likely bought in the US, this is probably the best place to try for an answer. The coin was supplied with the following envelope:  I understand from the Heritage cataloguer that $4.00 represents the original purchase price (it must have been very many years ago!) and that "mux" is likely to be a code for the auction house or dealer from who the coin was bought. What I'd really like to know is, who or what is "mux"? Knowing this would help extend the provenance of the coin further. Any help much appreciated.
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Pillar of the Community
 United States
4592 Posts |
Interesting that yours are typewritten, mine are handwritten. You know, we should write Mr. Newman care of the foundation and ask him.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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New Member
 United Kingdom
13 Posts |
That's interesting. It would be a shame if the key to the 'code' was lost. I did look for an address for Mr Newman's Foundation but didn't find anything listed, otherwise I would have written.
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Pillar of the Community
 United States
4592 Posts |
Google for "Eric P Newman Foundation Missouri" finds http://eric-p-newman-numismatic-edu...ion-society/which lists Name: Eric P Newman Numismatic Education Society Address: 6450 CECIL AVE ST LOUIS, MO 63105-2225 Added: Their 990s for 2013/2014 will be VERY interesting reading.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
Edited by BStrauss3 02/04/2014 09:52 am
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Bedrock of the Community
United States
17884 Posts |
There is a very good chance the key is lost. The mux, most likely is not a code of who it was bought from, it is much more likely the price code of the dealer it was purchased from and it represents what THAT dealer paid for it. Every dealer/shop had their own code and they didn't normally share them with others. If you have enough examples of a given dealers price code, and you know when the coins were purchased and what the general values were at the time you might be able to work out the code but good luck with that. Or if you can come up with enough examples the code can be worked out like a jumble puzzle. A difficulty here is that some dealers will throw in "nonsense" letters that have no meaning. In a few cases we do know the codes of some well known dealers, but unless we knew that this coin came from one of those dealers that doesn't help
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Pillar of the Community
 United States
4592 Posts |
Conder, I somewhat doubt that. EPN was a collector building a collection with a specific focus on quality for the long term. Some random dealer's code would have been meaningless, while information on the source would have been important. One of my two just has a handwritten envelope (I don't have access to the image of the other at this point):  I'm planning on sending a letter this weekend. TTYL
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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New Member
 United Kingdom
13 Posts |
I've managed to talk to a gentleman who is numismatic advisor to the Eric P Newman Education Society and obtained some further interesting information. Also background which may help other purchasers of these coins. "mux" (as has been suggested) is indeed a cost code, used by a St. Louis coin dealer Burdette G Johnson to represent his buy-in price of $1. Eric P Newman paid the stated $4 for the coin, from him. A large number of EPN's coins apparently came, via Mr Johnson, from the Estate of "Colonel" E H R Green. My coin is not one of these, but the story of these coins, and the records kept, make an interesting read: B G Johnson's Ledger: http://www.coinbooks.org/esylum_v16n13a12.html "Colonel" E H R Green: http://en.wikipedia.org/wiki/Edward...binson_Green It is believed that my coin came from Armin Brand, son of a another noted collector Virgil Brand, but apparently they don't have absolute proof. Proof, though, may lie in papers held by the American Numismatic Society which are open to consultation. Here: http://numismatics.org/Archives/VmbrandbioMaybe a task for another day!
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Pillar of the Community
 United States
4592 Posts |
Really! Well, you learn something every day. Can't IMAGINE why that was important enough to keep, but cool to know. Thanks for sharing.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Bedrock of the Community
United States
17884 Posts |
Often serious numismatists will keep the envelopes that previous owners kept the coins in. In EAC it is not unusual for a purchase of an important coins to come with half a dozen envelopes of previous owners, often with lots of hand written notes and comments on them. (Unless purchased from a major auction house as most of them simply discard the old envelopes and holders.)
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Pillar of the Community
 United States
4592 Posts |
Sure, I've kept the two that came with my EPNNES lots. Guess Heritage is learning! Just was surprised that a price code was preserved.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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New Member
 United Kingdom
13 Posts |
Totally agree, Conder. I'm impressed that HA are passing on the envelope with the coin. I've bought a number of items from other houses, ex. Well-known collections, but completely lacking tickets, which must have been discarded. All the tickets I have will stay with the coins.
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Replies: 10 / Views: 2,072 |
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