Don Corrado Romano, usually called "Corrado" was a dealer in coins and stamps in his early years at 25 Harrison Avenue, Springfield, Massachusetts. For some he is known as the owner of a 1776 Continental Silver Dollar,1792 XF Silver Center Cent, he acquired in 1958, and of the 13 Silver Dollars he owned struck before 1800 is the 1794 B-1, BB-1, XF-40 Silver Dollar, he acquired in 1957, and an 1836
Gobrecht dollar.
Don Corrado Romano (1903-1984), was born the seventh of eight children on January 21, 1903, in Salerno, Italy, son of Andrea "Andrew" Romano (1863-1960), a bank president, and Raffaella Cerrato Romano (1869-1931), both natives of Salerno, Italy. His family came to America in 1915, when he was an adolescent of twelve. He had already acquired coins from his father who was a banker at an early age. They lived at 29 Locust Street, Springfield, Massachusetts. By 1918, at age 15, like Henry Chapman, Jr., before him, he was already buying and selling coins. However, in later years his ads in Numismatic Scrapbook said : "Dealer Since 1923", i.e., when he was twenty.
On 9 April 1921 his father reported him as a missing person that started a police search for his whereabouts. Springfield Republican, Saturday, 9 April, 1921, page 4
In 1924 he married an Italian immigrant, Alice E. (1909-), at Holyoke, Massachusetts. No mention of her is found afterward.
Romano busted for selling illegal fireworks and fined $15. Springfield Republican, Tuesday, 7 July, 1925, page 5
In April 1926 he and his brother-in-law Fred Fopiano incorporated F & R Candy Manufacturing Company, 939 Main Street, Springfield, Massachusetts.
From 1927 -1929 Springfield City Directories he and his wife Alice E. V., are listed as living at 935 Main Street. In 1927 he was working as an insurance agent for Boston Mutual Life Insurance Company. In 1929, he is listed as a clerk in his father's bank.
Romano busted for stealing $300 from his father nine years earlier when he ran off and was a missing person. His father dropped the charges than to see his son in prison. Springfield Republican, Friday, 5 December, 1930, page 4
From February to July 1931 he held five coin auctions under the name Romano's Coin Shop.
In the May 1932 issue of The Numismatist, Romano took issue with his competitors who claimed to work on a 10% margin. "In the last five years that I have been in the numismatic business I have found that it is impossible for any dealer to sell coins at less than 25% profit if he wants to make a legitimate profit."
"Out with the 10% dealer, unless he wants to work on a legitimate profit. I am listing for sale below, coins at less than 10% profit, or practically cost, and will keep on doing it if it takes every dollar that I have, in the hopes of getting ... a small dealer to sell at a better profit, so that we can all make a living. As soon as I see coins selling at normal prices, I will do likewise. In the meantime, while the War on low prices is on, the collector will benefit, so come on collectors, and send some orders, for coins won't be given away for very long at these prices. "
In the 1933 Springfield City Directory he is listed as a Numismatist located at 25 Harrison Street.
In 1937 he moved to Nantasket, Massachusetts.
Romano filed a motion with the Federal District Court asking for an injunction on mail fraud charges by Postmaster General James Aloysius Farley (1888-1976), who served as Postmaster 1933-1940, claiming he was innocent and a legitimate dealer since 1918. Boston Globe, Wednesday, March 9, 1938, page 19.
Apparently Romano being thwarted by Postmaster Farley from conducting business through the mail changed his company name and address probably late 1938. We find a Worthy Coin Corporation advertisement, located at 184 Summer Street, Dept. 35, Boston, Massachusetts, Popular Mechanics, Vol. 71, No. 5, May (1939) : 38A 1st Column bas de page. The creation of Worthy Coin Corporation late 1938 does not find its way into mainstream numismatic publications until the 1940's.
Don Corrado Romano, Jr. (1945-2011), was born on December 28, 1945, at Weymouth, Norfolk County, Massachusetts. Romano, Jr., followed in his father's footsteps and also became a coin dealer.
In 1943, he (Romano) openly advertised in numismatic publications under his late 1938 company name Worthy Coin Company, 23 Cornhill, Boston, Massachusetts, and published and sold coin premium catalogues.
Romano, Sr., holding his 1794 Silver Dollar purchased for $6.500. Boston Globe, Sunday, 1 December, 1957, page 75.
During the 1950s and early 1960s Romano, Sr., hoarded a few hundred or more Proof 1878
Trade dollars.
In 1968, Romano, Sr., was robbed of $110,000 in his personal coins and the Worthy Coin Shop lost $140,000 in inventory.
Romano, Jr., reporting the theft 0f $68,000. Three arrested and one at large in a coin and stamp burglary at the Romano home in Hingham, Massachusetts. The mastermind behind the heist was a competitor, coin dealer Michael R. Kirzner. The bulk of the value were coin belonging to Romano, Sr., valued at $56,720. From the Worthy Coin Shop inventory $11,280 value in coins were missing Boston Globe, Monday, 31 January, 1972, page 3, and a fuller article on page 15. The Boston Record reported the heist as having taken $91,850 in rare coins.
On January 7, 1984, two weeks before his 81st birthday Don Corrado Romano died at Hingham, Massachusetts.
On June 16, 1987, Stack's sold his coin collection comprising 1,625 lots, including : a 1776 Continental Dollar, Lot 24; and a 1792 Silver Center Cent Lot 143;
In 1988, Don Corrado Romano, Jr., had a store card made in various metals celebrating the 50th anniversary of Worthy Coin.
Oh... and he named his daughter Penny.
Posted 01/16/2019 4:55 pm
