Heritage - Eric P Newman Collection

[RLC35]

It has to be a dealer's ticket accompanying the coin. mux is probably a cost code. $4 sounds like it is from the late 50s/early 60s. One for Bob possibly given we are talking around 50 years ago.

I think you are right Rob...it probably is a cost code. The letter "x" in most codes means "0", the balance would depend on the code itself. If the first word of the code is "MUSIC", then the cost of the coin would be $1.20 (pounds).

[Paulus]

It has to be a dealer's ticket accompanying the coin. mux is probably a cost code. $4 sounds like it is from the late 50s/early 60s. One for Bob possibly given we are talking around 50 years ago.

I think you are right Rob...it probably is a cost code. The letter "x" in most codes means "0", the balance would depend on the code itself. If the first word of the code is "MUSIC", then the cost of the coin would be $1.20 (pounds).

You've completely lost me there Bob, on several counts! Sounds extremely cryptic! I guess the seller doesn't want the buyer to be able to work out what he paid for it?

Edited January 30, 2014 by Paulus

[RLC35]

It has to be a dealer's ticket accompanying the coin. mux is probably a cost code. $4 sounds like it is from the late 50s/early 60s. One for Bob possibly given we are talking around 50 years ago.

I think you are right Rob...it probably is a cost code. The letter "x" in most codes means "0", the balance would depend on the code itself. If the first word of the code is "MUSIC", then the cost of the coin would be $1.20 (pounds).

You've completely lost me there Bob, on several counts! Sounds extremely cryptic! I guess the seller doesn't want the buyer to be able to work out what he paid for it?

Sorry Paulus,

Ha,Ha! Generally the seller does code the buying price of a coin, and note it somewhere on the coin holder. In this way he can know what he has in a coin when he prepares it for sale (or has an opportunity to sell it). The codIng might go something like this in a typical code....The code might be..."Music Taker", with each letter becoming a code for specific number. Thus M would be 1...U would be 2...S would be 3, right up to R which would be 0. (1-2-3-4-5-6-7-8-9-0 = M-U-S-I-C-T-A-K-E-R). You are correct in that most people will not advise the client what they have invested in a coin. Is it any clearer? In this example "MUX" would be $1.20 (pounds)...M=1...U=2...X=0 (X can be a zero, the same as the R in the above code).

Edited January 30, 2014 by RLC35

[Garrett]

Very interesting !

That would be a hell of a mark up though

[Rob]

Which takes me back to a thread I posted earlier and had no replies. What was Geoffrey Hearn's cost coding? It will help me determine what he wanted for the 1807 silver halfpenny in 1954. I know what he paid for it in the Foster sale (Oct 1953), but his sale list of the following year only has a series of letters against the lot number.

Edited January 30, 2014 by Rob

[Accumulator]

It has to be a dealer's ticket accompanying the coin. mux is probably a cost code. $4 sounds like it is from the late 50s/early 60s. One for Bob possibly given we are talking around 50 years ago.

I think you are right Rob...it probably is a cost code. The letter "x" in most codes means "0", the balance would depend on the code itself. If the first word of the code is "MUSIC", then the cost of the coin would be $1.20 (pounds).

You've completely lost me there Bob, on several counts! Sounds extremely cryptic! I guess the seller doesn't want the buyer to be able to work out what he paid for it?

Sorry Paulus,

Ha,Ha! Generally the seller does code the buying price of a coin, and note it somewhere on the coin holder. In this way he can know what he has in a coin when he prepares it for sale (or has an opportunity to sell it). The codIng might go something like this in a typical code....The code might be..."Music Taker", with each letter becoming a code for specific number. Thus M would be 1...U would be 2...S would be 3, right up to R which would be 0. (1-2-3-4-5-6-7-8-9-0 = M-U-S-I-C-T-A-K-E-R). You are correct in that most people will not advise the client what they have invested in a coin. Is it any clearer? In this example "MUX" would be $1.20 (pounds)...M=1...U=2...X=0 (X can be a zero, the same as the R in the above code).

Interesting thought Bob, I've wondered about dealers using such a system when I see apparently meaningless letters or numbers on a coin ticket at a fair. They can't expect to recall what they paid on every coin, so I suppose this provides an ease of reference. Very Bletchley Park! No doubt the dealers here could comment?

That said, I'm not convinced in this case. I feel sure its's an index card for a collection, long before the age of spreadsheets and databases. I've spent many hours in family history libraries searching through thousands of almost identical cards in wooden cabinets. If it's a private index card then there would be no sale price (the coin isn't for sale), only the buy price ($4.00). I'll drop Heritage an email and see what they have to say!

[Rob]

If not a cost code, then it would have to be the place where the coin was bought.

Every dealer uses a cost code. A 10 letter word or short phrase where every letter is different is required.

Edited January 30, 2014 by Rob

[TomGoodheart]

The fact that it says $4 suggests to me that it's more likely to note where it was obtained or a stock/collection reference.

Of course, you'd ideally need further similar tickets to compare it with to establish a pattern.

[Rob]

The fact that it says $4 suggests to me that it's more likely to note where it was obtained or a stock/collection reference.

Of course, you'd ideally need further similar tickets to compare it with to establish a pattern.

Most collectors use a numerical collection reference, but I have seen collectors' tickets with a cost code of their own showing. Owen F Parsons springs to mind along with others.

[Peckris]

It has to be a dealer's ticket accompanying the coin. mux is probably a cost code. $4 sounds like it is from the late 50s/early 60s. One for Bob possibly given we are talking around 50 years ago.

I think you are right Rob...it probably is a cost code. The letter "x" in most codes means "0", the balance would depend on the code itself. If the first word of the code is "MUSIC", then the cost of the coin would be $1.20 (pounds).

You've completely lost me there Bob, on several counts! Sounds extremely cryptic! I guess the seller doesn't want the buyer to be able to work out what he paid for it?

Sorry Paulus,

Ha,Ha! Generally the seller does code the buying price of a coin, and note it somewhere on the coin holder. In this way he can know what he has in a coin when he prepares it for sale (or has an opportunity to sell it). The codIng might go something like this in a typical code....The code might be..."Music Taker", with each letter becoming a code for specific number. Thus M would be 1...U would be 2...S would be 3, right up to R which would be 0. (1-2-3-4-5-6-7-8-9-0 = M-U-S-I-C-T-A-K-E-R). You are correct in that most people will not advise the client what they have invested in a coin. Is it any clearer? In this example "MUX" would be $1.20 (pounds)...M=1...U=2...X=0 (X can be a zero, the same as the R in the above code).

I learned this technique from the late Mr Ashley Hutchings in Uxbridge many years ago - I used to buy from him regularly (only tin-pot stuff mostly) and once asked him about the strange lettering on his flips. And so I developed my own cryptic buying code, but I can assure you - neither Mr Hutchings nor myself used an X for 0. It's way too obvious.

[RLC35]

It has to be a dealer's ticket accompanying the coin. mux is probably a cost code. $4 sounds like it is from the late 50s/early 60s. One for Bob possibly given we are talking around 50 years ago.

I think you are right Rob...it probably is a cost code. The letter "x" in most codes means "0", the balance would depend on the code itself. If the first word of the code is "MUSIC", then the cost of the coin would be $1.20 (pounds).

You've completely lost me there Bob, on several counts! Sounds extremely cryptic! I guess the seller doesn't want the buyer to be able to work out what he paid for it?

Sorry Paulus,

Ha,Ha! Generally the seller does code the buying price of a coin, and note it somewhere on the coin holder. In this way he can know what he has in a coin when he prepares it for sale (or has an opportunity to sell it). The codIng might go something like this in a typical code....The code might be..."Music Taker", with each letter becoming a code for specific number. Thus M would be 1...U would be 2...S would be 3, right up to R which would be 0. (1-2-3-4-5-6-7-8-9-0 = M-U-S-I-C-T-A-K-E-R). You are correct in that most people will not advise the client what they have invested in a coin. Is it any clearer? In this example "MUX" would be $1.20 (pounds)...M=1...U=2...X=0 (X can be a zero, the same as the R in the above code).

I learned this technique from the late Mr Ashley Hutchings in Uxbridge many years ago - I used to buy from him regularly (only tin-pot stuff mostly) and once asked him about the strange lettering on his flips. And so I developed my own cryptic buying code, but I can assure you - neither Mr Hutchings nor myself used an X for 0. It's way too obvious.

Over the years one of the most popular codes was "Grand Hotel"...you can still find some people who use this code!

[jaggy]

I just received my 1853 proof that I bought at EPN. The package contained two separate tickets; Newman's and, presumably, one from the person he bought it from. The brown coloured Newman ticket doesn't say much. No code from what I can see. The other ticket is more interesting. Here is a photo of it if anyone is interested:

Edited January 30, 2014 by jaggy

[jaggy]

The photo seems to be truncated. On the bit that is missing it says 25/.

Actually, if you click on the image it will display the whole thing.

Edited January 30, 2014 by jaggy

[Nicholas]

I win this Kings Private Road pass with boe?

[Accumulator]

I win this Kings Private Road pass with boe?

Interesting! A very similar index card to mine. I've written to Heritage, so let's see what they come up with.

[Peckris]

I win this Kings Private Road pass with boe?

But do we know who it was who was fined $2.50 for trespassing on the King's private roads??

[brg5658]

Newman is still alive, so you would hope that they could at least ask this information before he kicks the bucket! He's 102, so your time might be limited to get an answer.

[Accumulator]

I win this Kings Private Road pass with boe?

But do we know who it was who was fined $2.50 for trespassing on the King's private roads??

Boe, presumably. At least he got away with just a Fine for the misdemeanour, It could have been a far more costly Extremely Fine!

[jaggy]

I win this Kings Private Road pass with boe?

But do we know who it was who was fined $2.50 for trespassing on the King's private roads??

Boe, presumably. At least he got away with just a Fine for the misdemeanour, It could have been a far more costly Extremely Fine!

Or no longer able to circulate

[Peckris]

I win this Kings Private Road pass with boe?

But do we know who it was who was fined $2.50 for trespassing on the King's private roads??

Boe, presumably. At least he got away with just a Fine for the misdemeanour, It could have been a far more costly Extremely Fine!

Or no longer able to circulate

Didn't he die in the end?

[Garrett]

Very good humour chaps !

[Accumulator]

I win this Kings Private Road pass with boe?

But do we know who it was who was fined $2.50 for trespassing on the King's private roads??

Boe, presumably. At least he got away with just a Fine for the misdemeanour, It could have been a far more costly Extremely Fine!

Or no longer able to circulate

Didn't he die in the end?

Yes, legend has it (though I've seen no proof) that the tender karats in his field were hammered by the reign, his mule died and, despite some relief, he later suffered a business strike and his fortunes went into reverse. He's buried in a tomb somewhere, marked only by slab with a small inscription.

[Peckris]

I win this Kings Private Road pass with boe?

But do we know who it was who was fined $2.50 for trespassing on the King's private roads??

Boe, presumably. At least he got away with just a Fine for the misdemeanour, It could have been a far more costly Extremely Fine!

Or no longer able to circulate

Didn't he die in the end?

Yes, legend has it (though I've seen no proof) that the tender karats in his field were hammered by the reign, his mule died and, despite some relief, he later suffered a business strike and his fortunes went into reverse. He's buried in a tomb somewhere, marked only by slab with a small inscription.

I think you have cleaned up on all the puns there - very polished! I can't understand how I missed some of the more obverse jokes. Let's face it, my mind went blank. But I've no designs on stealing your crown, I've had a good run and it's time for a change.

[TomGoodheart]

Any more of this and I'm going to get hammered.

[declanwmagee]

Any more of this and I'm going to get hammered.

..to coin a phrase.

Enough now.