CUBAN NUMISMATIC ASSOCIATION                  NEWSLETTER 2-08

IS A 501(c) 3 ORGANIZATION (see newsletter 2-07)                    APRIL 2008     

 

WWW.CUBANUMIS.COM                                             

Frank Putrow  (04)– President                                                                 

Andres Rodriguez (04) – Vice President                                                          Editor – Frank Putrow

Marysol Cayado (04) – Secretary                                                                         Fxputrow@aol.com                        Robert Freeman  (04)– Treasurer

Board of Directors  –  Richard Becker (04), Larry Casey (04), Jesus Inguanzo (08), Stan Klein (04), Emilio M. Ortiz (04) and Rudy Valentin (07).                                    Parliamentarian – Larry Casey.                         Chairman Communications Committee – Stan Klein.    Chairman Nomination Committee – Vacant.    Chairman Finance Committee - Emilio M. Ortiz.      Associate Director/Research – Enrique Cayado

 

Cuban Numismatic Association is a member of:

Florida United Numismatists (FUN) – www.funtopic.com

American Numismatic Association (ANA) – www.money.org

American Numismatic Society (ANS) – www.numismatics.org

Latin American Paper Money Society (LANSA) – www.lansa.bz  

 

NEWSLETTER CONTENTS

Page 3           QUIZ.

Page 3-4       MEMBER PROFILE.

Page 4-8       CUBAN SUGAR TOKENS (Section 3).         

Page 9-10     HISTORICAL TRIVIA – BANCO ESPANOL DE LA ISLA DE CUBA.

Page 10-11   CNA NEWSLETTER ARTICLE INDEX.

Page 12         FROM THE KITCHEN.

Page 12-13   RECENT AUCTION RESULTS OF NOTE.

Page 13-16   LETTERS TO THE EDITOR.

Page 17-18   WANT ADS.   

  

 

 

 

 

                                  CUBAN NUMISMATIC ASSOCIATION (CNA)

                HOLDS 5th ANNUAL MEMBERSHIP MEETING AT ORLANDO FUN 2008

                           SPONSORS JUNIOR NUMISMATIST ESSAY CONTEST

 

The Cuban Numismatic Association (CNA) held its 5th annual membership meeting on

January 12, 2008 in the Orlando, Florida Convention Center.There were 22 members

present. President Frank Putrow presided.

Nominations for the election of officers and 4 of the 5 directors were petitioned from the

floor. No nominations had been previously received from the membership. One

nomination was received for Director, and Jesus Inguanzo was placed on the slate.

The past director, Larry Casey, remains on the Board as Parlimentarian. The acting

secretary, Frank Putrow, cast a single vote, and the slate was approved for 2008-2009.

Rudy Valentin, director (2007-2008) gave the oath of office to the elected officers and

directors, who are:

President (2008-2009) – Frank Putrow

Vice President (2008-2009) – Andres Rodriquez

Treasurer (2008-2009) – Bob Freeman

Secretary (2008-2009) – Marysol Cayado

Directors (2008-2009 – Richard Becker, Jesus Inguanzo, Stan Klein and Emilio M.  Ortiz.

Director (2007-2008) – Rudy Valentin

Associate Director/Research – Enrique Cayado

Parlimentarian – Larry Casey,      Webmaster – Stan Klein

 

A plan to develop a coin book (Cuban Coins 1897-1961) was revealed. The prototype

should be ready for the 6th annual general meeting in January 2009.

Rudy Valentin was presented a Certificate of Excellence for his contributions to the

quarterly CNA newsletters in 2007.

 

The debut of the CNA “woodie” 5 centavo was made at the 2008 FUN, and were

available to the attendees of the general meeting. There are adequate wooden 5 centavos

left, and are available to any interested party. Please send a self-addressed envelope,

along with an additional 43c stamp, to Frank Putrow, 2175 Oak Grove Drive, Clearwater,

FL. 33764, and one will be sent.

 

A donation of 3 Cuban notes to the CNA by member G.K. Graham, with his request that

they be given to a junior member, has prompted the idea of an essay writing contest.

 

The CNA is inviting ANY JUNIOR COLLECTOR (18 or younger) to provide an essay

(100 words minimum) on “WHAT DO YOUNG COLLECTORS ENJOY ABOUT

NUMISMATICS? “ Any interested junior collector may respond by sending their essay to Frank Putrow at Fxputrow@aol.com or the above mailing address. Three winners will be selected and the Cuban notes awarded accordingly. The results will also be given to the major Numismatic media, and to Mr. G.K. Graham.

Prizes are:

First Place – Cuban 1896 10 peso note, and an once silver CNA silver

commemorative coin/medal.

            Second Place – Cuban 1897 20 centavo note, plus a circulated silver Cuban coin.

            Third Place – Cuban 1897 10 centavo note, plus a circulated silver Cuban coin.

 

All entrees will receive a 1959 100 peso REPLICA note, and a CNA “woodie” 5 centavo.

Readers are asked to motivate their junior members to participate in the CNA Essay Contest. Participants are not required to be members of the CNA.

After the general meeting, 6 donated lots were awarded as door prizes, as well as $47

cash. After the door prizes, a “Good ForThe Club” auction of 12 lots was held.

 

 

MEMBERSHIP DUES - IMPORTANT

Members are reminded that their 2008 MEMBERSHIP DUES were due, effective January 1, 2008.

If you are not current with your 2007 dues, this is a good opportunity to pay both years and become “paid up”. Members who pay their 2008 dues will receive the newly designed membership card, AND a new Cuban Five Centavo “wooden nickel”.

The regular annual membership fee of $10 ($5 Jr.) may be paid by check and mailed to Treasurer Bob Freeman at 523 N. Meridian Street, Tallahassee, FL. 32301-1281. Members who reside outside of the United States, or prefer not to mail a check, may pay, along with an extra dollar to PayPal, using the PayPal ID of Fxputrow@aol.com. The extra $1 will cover the PayPal commission. Please use the CNA membership application if any personal information has changed, such as address, email, etc., and mail it to Bob Freeman with the check.  If paying by PayPal, make the appropriate notation in the REMARKS section. IF you are not sure if you are current with your 2007 dues, please contact Frank Putrow at Fxputrow@aol.com or call 727 5317337.

If you are current with your dues –THANK YOU!!

 

 

??QUIZ??

Who were the model and the sculptor of the “lady” on the obverse of the 1897 (3) Souvenirs and the 1898 Peso?

Answer found on page 16.

 

 

MEMBER PROFILE

Since the membership of CNA is so diverse, and separated geographically, it may be feasibly impossible for our members to meet and get to know one another. This section will highlight a member, or members, in each newsletter, providing a brief background of the person(s), so the membership may know a little about the person(s). It will be 100% voluntary. The officers and board members were first to provide their background, followed by the charter, then the regular members.

 

Stephen Quintero – Charter Member.

I was born in Havana,, the capitol city of Cuba, on 7th of February, 1959. I was born only days after the take over by Fidel Castro. My father, Jorge, had worked for the telephone company in Puerto Rico and was imprisoned for being associated with an American company, and the CIA (he was not). His grandfather’s family QUINTERO Y HNOS produced Cuban cigars, and are still in business today.  My mother, Yolanda (whose family is from Pinar del Rio) and I were able to leave Cuba with the first wave of refugees in 1962. I grew up with my mother, grandmother, aunts and uncle in Miami, until my father rejoined us.

I attended Champagnat Catholic School until the tenth grade and graduated from high school at Southwest Miami Senior High. I attended Miami Dade Junior College, and then earned degrees in chemistry and biology from Florida Atlantic University in Boca Raton, Florida. I received a degree in psychology from Florida State University in Tallahassee before earning my medical degree from the University of Florida in Gainesville, Florida. I attended medical residency in Tallahassee, where I met my wife Sheila, and settled down to raise a family and practice medicine. I’m currently Assistant Professor at Florida State University College of Medicine, and director of their medical simulation facility. I volunteer medical services weekly at a local clinic for the underserved and uninsured. I have two daughters Gabrielle and Adrianna ,who  love to sail. When I’m not studying coins I spend a lot of time playing table top battle games with Bob Freeman, our CNA treasurer, and kids from the community.

 

I first developed an interest in numismatics in 1970s when my father helped me assemble a small circulated set of walking liberty half dollars. I couldn’t understand why I could not collect the coins of Cuba until later.

Fascinated by ancient cultures, I began collecting ancient Greek coins, specializing in the Phoenicians. To date, I have a modest collection of both ancient Greek, Carthaginian, and Phoenician coins. In 2004, I discovered there was to be a meeting in Orlando of folks interested in Cuban numismatics. I convinced my friend, Bob Freeman, to attend with me. After meeting Frank Putrow, and the great folks at the first club meeting, I knew this was the club for me. It is the only club at FUN I had joined after many years of attending the show. I am interested in ships, and I was able to assemble a modest collection of Cuban coins featuring ships. Again, I wondered why there are so few references on Cuban coins. I aspire to write a catalog of Cuban ship coins in the hope of inspiring others to produce other references on Cuban coins.

 

 

TOKENS OF CUBA

CUBAN SUGAR ESTATES – SECTION THREE

by Rudy Valentin, CNA Director and Charter member.

Every country in the world has had, at one time or another, the necessity to issue what we call tokens, or private unofficial coinage. There are many reasons, but all have the same purpose; to benefit an individual or entity.

Cuba was a Spanish colony which suffered the most for lack of official minor coinage. The colonists (military, as well as tobacco and sugar plantations) took advantage of this situation, and issued tokens. They paid the peasant workers with their private tokens, and in turn, the peasant worker bought their staples at the “company store”. Of course, the prices were inflated, which resulted in the company reaping double profits. In addition, tokens were issued by the government for transportation purposes.

Tokens have always been collected by the inhabitants of certain areas, but it is only recently that tokens have been popular among collectors. This is primarily due to the increasing price of coins, and published works about the various types of tokens.

Around 1960, the eminent numismatist Henry Christensen, published a series on Cuban tokens in his mail auction catalogs. This information was initially developed by Roberto Pesant, whose research in Cuban Numismatics is unsurpassed. Mr. Pesant listed the Cuban tokens in four major groups: sugar estate or plantation (centrales or ingenios), tobacco plantation, military, and transportation. It is not known if Mr. Pesant developed a separate segment for the commercial tokens, other than above.

This section is the third of four sections, which are a reproduction of the Sugar Estate Tokens of Cuba, as published by Henry Christensen in his mail auction catalog #60, dated October 22, 1976.

 

Repeating, for your convenience – the following initials are used for the Cuban Provinces:

C. = CAMAGUEY

H. = HABANA

L.V. = LAS VILLAS (SANTA CLARA)

M. = MATANZAS

O. = ORIENTE (SANTIAGO DE CUBA)

P.R. = PINAR DEL RIO

In the listings which follow, and which will be continued until completed, the estate name is given first, followed by its location and province.

SANTA BARBARA – Baro, M.

348. Fifty Cents – 29mm – Nickel.

        Obverse – TIENDA DEL / INGENIO / SANTA BARBARA.

349. Twenty Five Cents – 24mm – Nickel.

        As above except for value: 25.

350. Ten Cents – 20mm – Nickel.

        As above except for value: 10.

351. Five Cents – 18mm – Nickel.

        As above except for value: 5.

352. One Peso – 35mm – Aluminum

        Obverse -  COLONIA SANTA BARBARA BARO.

        Reverse – 1.00 VALE EN MERCANCIA.

In the early years of the 20th century, this old estate was demolished and became a plantation to the SANTA RITA estate. It became a COLONIA (plantation). The above token was issued.

 

SANTA CATALINA – Cruces, L.V.

353. Ten Cents – 27mm – Brass – Hexagonal.

        Obverse – 10 / OFICINA SANTA CATALINA.

OFICINA means “office”. See comments for token 312 of the SAN JORGE estate.    

 

SANTA CECELIA – Guantanamo, O.

354. Fifty Cents – 32mm – Brass

        Obverse – J. F. SORZANO / INGANIO STA. CECELIA / GUANTANAMO.

        Reverse – 50.

355. Twenty Cents – 27mm – Nickel.

        As above except for value: 20.

356. Ten Cents – 22mm – Nickel.

        As above except for value: 10.

357. Five Cents – 16.5 mm – Nickel.

        As above except for value: 5.

 

 SANTA GERTRUDIS – Banaguises, M.

358. Ten Cents – 22mm – Brass

        Obverse – STA / GERTRUDID / TIENDA BANAGUISES.

        Reverse – 10 CTS.

359. Five Cents – 22mm – Brass.

        As above except for value: 5.

 

SANTA INES – Santa Ana, M.

360. Ten Cents – 23mm – Brass.

        Obverse – SANTA / INGENIO INES.

        Reverse – 1 / VALE.

361. Five Cents – 19mm – Brass.

        As above except for value: 1/2.

Sometimes they are found with C.A. counterstamped on them, but the meaning is not known.

 

SANTA LEOCADIA - Cienfuegos, L.V.

362. Ten Cents – 27mm – Brass.

        Obverse – ANO / 1871 / ING*SANTA LEONCADIA (incuse).

        Reverse – 10 / CENT / LEON Y CEVALLOS (incuse).

ANO means year. The name on the Reverse is for the store owners.

363. Five Cents – 19mm – Brass.

        As above except for value: 5.

 

 

SANTA LUCIA – Gibara, O.

364. One Ration – 19.6mm – AE.

        Obverse – SUCESION / DE / RAFAEL L. SANCHEZ.

        Reverse – UNA RACION * 1882 *

The name is for the estate owner.

365. One Wage – 24mm – Brass.

        Obverse – CENTRAL SANTA LUCIA GIBARA.

        Reverse – R.L.S. / VALE POR UN JORNAL 1884.

R.L.S. is the owner, Rafael L. Sanchez.

366. One Ration – 19.5mm – Nickel.

        Obverse – CENTRAL SANTA LUCIA GIBARA.

        Reverse – As above except for value: VALE POR UNA RACION.

Ramsden claims some of these tokens (his 131) were counterfeited.

367. Half A Ration – 16mm – Nickel.

        As above except for value: MEDIA RACION.

       

SANTA LUCIA – Benjucal, H.

368. Ten Cents – 18mm – Copper.

        Obverse – .SOLAR / INGENIO STA LUCIA 1882.

        Reverse – 10 CTS.

Solar is the name of the owner of the estate.

369. Ten Cents – 22mm – Copper.

        Obverse - As above.

        Reverse – 1 / REAL / VALE

370. Five Cents – 18mm – Copper.

        As above except for value: ½ REAL.

 

SANTA MARIA – Guantanamo, O.

371. Half a Wage - 31 mm – Hard Rubber.

        Obverse – 1/2/ JORNAL.

        Reverse –  Blank.

The description is by Ramsden.

 

SANTA MARIA – San Jose de los Ramos, M.

372. Value Unknown – 28mm – Copper.

        Obverse – Y. S. M. (incuse)

        Reverse – Blank.

Y. S. M. is for Yngenio Santa Maria.

 

SANTA ROSA – Union de Reyes, M.

373. Two and a Half Cents – 18mm – Brass.

        Obverse – U. DE /  REYES / TIENDA DEL CENTRAL STA. ROSA.

        Reverse – 2 ½  / CENTAVOS  / ORO.

For ORO (Gold) see explanation in INTRODUCTION.

        

SANTA ROSA – Cimarrones, M.

374. Five Cents – 21mm – Aluminum.

        Obverse – CENTRAL SANTA ROSA * TIENDA *.

        Reverse – 5 / CINCO CENTAVOS * EN EFECTOS *.

 

SANTA SOFIA – Jovellanos, M.

375. One Peso – 29mm – Brass.

        Obverse – BUENA / SANTA SOFIA / ESPERANZA.

        Reverse – 1 / F. ALBUREZ / L.M. MOISE S. F.

The attribution of this series is doubtful. F. ALBUREZ could perhaps stand for the owner.

SANTISIMA TRINIDAD – Jovellanos, M.

377. Ten Cents – 23mm – Nickel.

        Obverse – L. P. Co. / 1876..

        Reverse – 10.

L. P. Co. is for the owners of the estate, L. Pontoni Company.

378. One Cent – 16mm – Nickel.

        As above except for value: 1.

 

SANTISIMA TRINIDAD – Sagua, L.V.

379. Fifty Cents – 34mm – Brass.

        Obverse – TIENDA /INGENIO – STMA - TRINIDAD.

        Reverse – ½  / EN EFECTOS * MEDIO PESO * ORO.

380. Ten Cents – 34mm – Brass.

As above except for value: 10 Centavo (sic).

The correct spelling is Centavos.

 

SANTISIMA TRINIDAD – Tapaste, H.

381. One Peso – 31mm – Nickel.

       Obverse –  TIENDA / STMA. TRINIDAD * 1890 *.

        Reverse – 1 / UN PESO / UN PESO * EN EFECTOS *.

382. Fifty Cents – 27mm – Nickel.

        As above except for value: 50 CINCUENTA CENTAVOS.

383. Twenty Cents – 22mm – Nickel.

        As above except for value: 20 VEINTE CENTAVOS.

384. Five Cents – 18mm – Nickel.

        As above except for value: 5 CINCO.

 

SENADO – Nuevitas, C.

385. Five Cents – 22mm – Aluminum.

        Obverse – “CENTRAL” “SENADO”.

        Reverse – 5 / BERNABE SANCHEZ ADAN.

The name on the reverse is for the name of the owner.

 

SITIO VIEJO – Sancti Spiritus (?), L.V.

The following is a plantation token.

386. Half Hour’s Work – 20mm – Nickel.

        Obverse – PAGOS / QUINCENALES / COLONIA SITIO VIEJO.

        Reverse – ½ / VALE POR MEDIA HORA DE TRABAJO.

The translation for the obverse is: PAYMENT / FORTNIGHTLY. On the reverse: WORTH A HALF HOUR’S WORK.

 

SOCORRO DE ARMAS – Macurijes, M.

387. Twenty Cents – 26mm – Nickel.

        Obverse – YNGENIO SOCORRO 1882 (incuse).

        Reverse – 20 (incuse).

General Maceo used this estate as a field hospital after the Battle of Maltiempo (1896). It was burned down by the Spaniards , in revenge, afterwards.

388. Twenty Cents – 29mm – Brass.

        Obverse – SOLO PARA OPERARIOS 1887 (incuse).

        Reverse – 20.

389. Ten Cents – 23mm – Brass.

        As above except for value: 10.

 

 

 

 

SOLEDAD, LA – Cienfuegos, L.V.

390. Value unknown – 20mm – Brass.

        Obverse – LA SOLEDAD * / 1866.

        Reverse – MANUEL L. BARILLAS *.

The attribution of the token is doubtful. The name on the Reverse might be the store owner. The estate owner was Atkins.

 

SOLEDAD, LA – Guantanamo, O.

391. Twenty Cents – 29mm – Nickel.

        Obverse – DE / CANTINA LA SOLIDAD (incuse).

        Reverse – 20 (incuse).

392. Ten Cents – 24mm – Nickel.

        As above except for value: 10.

393. Five Cents – 20mm – Nickel.

        As above except for value: 5.

The name of the estate is spelled wrongly: SOLIDAD.

 

SUIZO – Santa Clara (?), L.V.

394. Ten Cents – 18mm – Brass.

        Obverse – EL / SUIZO.

        Reverse – 10 / CENTAVOS.

395. Five Cents – 16mm – Brass.

        As above except for value: 5.

 

NEXT NEWSLETTER (03-08) – SECTION 4 of THE SUGAR ESTATE TOKENS of CUBA. This will complete the listing of the Cuban Tokens.

 

 

 

 

HISTORICAL TRIVIA, BANCO ESPAÑOL DE LA ISLA DE CUBA

 

Provided by Enrique Cayado, CNA Charter member and Associate Director/Research.

Isabel II was deposed in 1868 (First Spanish Republic). Exiled in Paris, she abdicated in 1870 in favor of her son, Alfonso XII (Francisco de Asis Fernando Pio Juan Maria de la Concepcion Gregorio Pelayo.

After the 1875 restoration of the Spanish monarchy, Alfonso XII reigned until his death in 1885, at the age of 28 years.  Maria Christina was his second wife. His first wife, Maria Mercedes, left no issue. After the death of Alfonso XII, the Monarchy was in abeyance. Maria Christina was pregnant. The future Alfonso XIII was born May 17,1886, after his father’s death. Maria Christina, known as “Doña Virtudes” and “Christa” was regent of Spain for 16 years, which was the required majority of age for Alfonso XIII.

The Banco Español de la Isla de Cuba” paper money issues are properly “private issues”.  Banco Español was a private institution, authorized by decree to act as paying agent for the Spanish expeditionary forces in Cuba. The intent of this “money” was to cover the cost of the war in phony currency.  Banco Español money, first pegged to the US dollar, then to a silver standard, was severely depreciated by 1897 (50%). It did not enjoy wide acceptability.

   

 

FROM THE KITCHEN – STUFFED LEG OF PORK

"Stuffed leg of Pork" ( Cuban Style ):

 

Ingredients:

                                                        Serves 16

 

1 8 lb. leg of pork                      juice from 2 sour oranges

6 bay leaves                             2 carrots

4 cloves garlic (crushed)            3 hard boiled eggs (sliced lengthwise)

2 tbs. paprika                           ½ pound ham slices

2 tbs. pepper                            1 cup brown sugar

2 tbs. salt                                 1 bottle malta

8 slices of bacon                        8 dried prunes

Note: Malta may have to be purchased in a specialty shop.

 

PREPARATION:

Remove bone and flatten meat so that it may be rolled. If the leg is very fatty, a small amount of fat may be removed. Score fat well and marinate leg for twelve hours in the orange juice, garlic, bay leaves, salt, pepper, and paprika. Line meat with ham slices, hard boiled eggs, prunes, bacon slices, and sliced carrots. Roll meat carefully so that the filling does not escape. Tie firmly with cord. Cover with brown sugar and ½ bottle malta and cook for one hour in a 325 degree oven. At this point, turn the meat, and cover with the remaining malta and cook for an additional hour.

Allow to cool and cut into fine slices. Serve with apple or orange sauce.

ENJOY


 

 

 

RECENT AUCTION RESULTS OF NOTE

STACKS: December 17, 2007.

Countermarked 1872-1877 on the obverse of a U.S. Seated Liberty Quarter, 1857. About Fine - $373.75

Countermarked 1872-1877 on the obverse of Mexican 4 Reales 1842 PM of Guanajuato. VF   -   230.00

Centavo 1916 NGC MS64                                                                                                             -     86.25

Centavo 1938 NGC MS64                                                                                                             -     97.75

 

STACKS: January 14, 2008.

Badge – Order of Carlos Manuel de Cespedes - 51mm                                                                 -   805.00

Medal – Colonial Era – Habana Water Works Inauguration – 64.7 X 55.7mm                            -   632.50

Bond Face (steel) – 5% Gold Bond of 1904 – 5 X 10 inches                                                        -   977.50

Bond Face (steel) – 5% $100 Interior Debt Bond of 1905 – 5 X 11 inches                                  - $747.50

Currency Portrait Vignettes (3 steel) – ABNC Imprints 1905 Ntl Bank of Cuba (never released) 2305.75

Currency Portraits Vignettes (steel) – ABNC engraving of Morro Castle                                     -2530.00

40 Centavos 1915 PCGS MS63                                                                                                      -  862.50

40 Centavos 1916 NGC MS58                                                                                                        -  862.50

40 Centavo 1920 PCGS MS63                                                                                                        -1610.00 

Peso 1898 Extra Fine                                                                                                                       -1725.00

Peso (Gold) 1915 PCGS MS67                                                                                                       -2760.00

Peso (Gold) 1916 PCGS MS64                                                                                                       -1495.00

2 Peso (Gold) 1916 PCGS MS65                                                                                                    -2530.00

4 Peso (Gold) 1916 PCGS MS64                                                                                                    -1610.00

5 Peso (Gold) 1915 NGC MS64                                                                                                      -1265.00   

10 Peso (Gold) 1916 PCGS MS64                                                                                                 - 2300.00

20 Peso (Gold) 1915 PCGS MS63                                                                                                  -5750.00                                                                                               

 

 

LETTERS TO THE EDITOR

# 1   AMG contacted the editor after finding a SHEET OF 6 UNCIRCULATED 1869 5 Pesos, and a SHEET OF UNCIRCULATED 1869 50 CENTAVOS, in an old family dictionary. She wrote:

Thank you for assisting me in the research of this family treasure. I am enclosing two photos to give you an idea of their appearance. They are dated 1869. Each sheet has the same number on cinco pesos, but the series begins with A and ends with F.  I also have a have sheet of 50 centavos dated 1869. One of the photos appears to be red but they are black and white with red numbers and seal. Learning of their value from such a resource is something I did not imagine.  Thank you for your kindness.

 

RESPONSE by Larry Casey, Charter member and Parliamentarian.

First I will say sheets?? And then just a WOW should cover!

But let me begin again from a different angle. I have seen numerous sheets of 16 of the 50 centavos, but not so many that they are not still highly desirable-especially if they are in the lovely condition of the five pesos sheet in the email. Many sheets of the 50 centavos have at least one area of wear, affecting at least several of the notes. Sheets of 9 of the one peso appear occasionally and I feel quite fortunate to have seen one!

But before this evening I knew of exactly one sheet of the five pesos that resides in an amazing collection of Cuban currency in Miami.

 

Even seeing the 50 centavos sheet for its condition, it would still be difficult to precisely value, but if similar to the five pesos sheet, each of the 16 notes value would exceed the catalog value of $50 each in extremely fine condition. First, the condition of the five pesos exceed this grade and there would be some multiplier for full sheet survival, so a 50 centavos sheet should easily exceed the $800 (low) value for the individual notes. Without the usual spot of wear a 50 centavos sheet should exceed the $1000 mark. I believe that the last one I priced, years back, was $800 and had a very bad wear area towards center bottom area.

But this method works less well for the five pesos sheet(s). The note catalogs for $125 in extremely fine, which these grade above, so 6 X $125 only comes to $750. Plus, never having seen a single one sell negates incorporating that experience, but increases its valuation. For insurance purposes it/they are irreplaceable. At auction (with strong recent Spanish interest in Cuban material), I would expect a sheet of five pesos as such to easily breach $2000 and I wouldn't be at all surprised to see them make $3000 or better!

 

For me it was a pleasure and a surprise just to see this sheet. The image could not load fast enough for me!

 

RESPONSE by Richard Becker, CNA Board member.

                  What a surprise to hear about the new sheets that the lady wrote about. I agree, almost       

                  word for word, with all that Larry wrote since we usually are on the same page with the

                  new discoveries or what is out there already. The Lyle Knight auction in June, at the   

                  International Paper Money Show in Memphis certainly would be a good place (if she   

                  intends to sell them) to offer these as there is already a fine selection of rare Cuban

                  currency consigned. I feel that a reserve on the 50 centavos sheet should be no less than   

                  the cumulative value of the 6 notes in XF (IE: $50 x 6 = $300) and let the market take   

                  the sheet to where it will. 

                  Concerning the 5 Peso sheets, they are much rarer as sheets, with one sheet in Miami

                  the only one reported. I would suggest that the owner put a double XF catalog, or $1500

                  as the reserve. Although I believe that they will fetch much interest, the reserve will still    

                  be low enough not to scare away serious bidders. If the owner has multiple sheets, she

                  should discuss with the auctioneer, the pros and cons of separating the offerings over  

                  future auctions.

                  Believe me, seeing these sheets made my day/evening. That is the fun of this hobby.        

      One never knows what will surface next. 

 

#2   ADLF contacted the editor after purchasing and receiving suspected COUNTERFEIT 1959    

       100 Peso Notes. He sent copies of the notes, with the concern that the “red” was bleeding from

         the body of the note into the scrolls around the edges, thus the suspect counterfeit concern.
        

RESPONSE by Larry Casey, Charter member and Parliamentarian.

Though not worth much now, they might have been worth counterfeiting at the time they were

on par briefly with the dollar. But with that said, everything I see as proof of counterfeiting is just a part of the note; the undertinting always "bleeds" into the overprint, and the planchettes were indeed used in this issue. I believe them to be genuine.

 

 

#3   AG contacted the editor with the question: Why do about 80% of the tokens offered on  

         Ebay have a hole in them? Are the holes made by the Cuban Government to control the

         sale or exchange of the tokens?

         

RESPONSE by Enrique Cayado, Charter member and Associate Director/Research.

                   The short answer is that the Cuban government does not deface tokens to prevent sale or  

                   exchange. There is a large numismatic community on the island of Cuba. Some are members of

                   our Cuban Numismatic Association and we correspond regularly. I am sure that any such    

                   measure would be extensively reported. The Cuban government does restrict sale, exchange,

                   and export of collectibles. 
                   A longer answer requires that you advise me of some examples of the EBay listings that you are

                   referencing. 
                  "Tokens" were extensively used throughout the Americas to facilitate commerce. Their need arises

                   from the lack of circulating coinage, particularly in the lower denominations.  In many cases, their

                   use became abusive. This was particularly true of United Fruit enterprises where pay was paid in

                   tokens and vouchers, to be exchanged in pricey company stores. Labor laws in most American

                   countries made tokens (paper and metallic) illegal as compensation during the first half of the

                   20th century.

                   A broad definition of a token includes anything used in lieu of money and includes items such as

                   casino chips, paper vouchers and some emergency coinage. Some collectors/dealers

                   occasionally refer to proclamation pieces (medallas de proclamación y jura) as tokens. These are

                   frequently holed as they were used as pendants. Many Macuquinas (cobs) are holed for the same

                   reason.

                   I believe one of the most common Cuba tokens is the "Cocina Económica", issued to refugees,

                   reconcentrados, and Spanish soldiers during the Cuba/Puerto Rico independence war with Spain.

                   I have seen some of these holed for reasons unknown.

 

#4  BW contacted the editor with the following concern: “ I purchased a specimen of the 1897 Souvenir Peso on Ebay. It has the wide date of Krause type M1, but has no Pat. 97 on the truncation of the bust. I find no listing of such a type in any of my references. Does anyone in your organization have any knowledge of this variety? I am afraid I may have been sold a fake.  Do you have any recommendation of a professional grading firm that has particular expertise in authenticating Cuban coins?                                                 

RESPONSE by the editor:                                                                                                  

I have not seen nor heard of a Type 1 1897 Souvenir without the Pat 97, which can be     found at the very base of the neck, and above SOUVENIR. If you bought it on Ebay from a dealer in China, it could very well be counterfeit. Many of the counterfeit early Cuban pesos are originating from China. Usually, the counterfeits are made of a nickel alloy and weigh less than the silver weight specified in Krause, etc. Also, they are usually a mm off in size.  If you bought it "raw", you are probably stuck with it, because the seller will argue that he sent you a valid coin, and you are trying to take advantage of him by stating that the one he sent is counterfeit. You should complain if you can, but you are probably stuck with it. My rule is that if the price is too good, it is probably a fake. If I had a $1000 "raw"coin to sell, I would get it certified so the buyer would be assured of the validity, especially across the world. I think most sellers think that way today. My experience is that PCGS and NGC, as well as some of the other respected graders, have adequate experience with Cuban coins, and they would have identified this problem.

             #5 SB writes: I am doing a talk on Cuban Coinage for the Chicago Coin Club, and I

             have a few questions:

  1. If the coins are minted  at the Havana Mint, how do they get out of the United States to be

        sold?

  1. Why do they produce so many coins with so many themes for each year since the 1980”s?

        3.    If these are non-circulating (commemoratives) coins, what coins circulate in Cuba?

 

RESPONSE by the editor:

   Good luck on your project!

  The Cuban Mint began minting their own coins in 1977. They have minted thousands of    

   varieties of the peso, 5 peso, 10 peso, 15 peso (gold), 20 peso, 30 peso, 50 peso           

   (silver and gold), 100 peso (gold), 150 peso (silver), 200 peso (gold), 300 peso (silver),              

   and 500 peso (gold and platinum). They mint these coins as a business, making a           

   profit on each piece. Why so many? Business is the answer as well as the opportunity           

   to pay homage to the Cuban hero’s from the 3 wars of independence, as well as all of           

   Castro's revolutionary comrades. They also pay homage to the history of Cuba from            

   the discovery by Columbus, to the death of the Indian, Hatuey, etc.

   One cannot find fault in their workmanship, which is excellent.

   The main question among collectors is "Can you believe the mintage figures?". I myself

   wonder if they are correct, but we will probably never know.

   A few of the gold commemorative coins have a mintage of 15?? Does that make

   sense?

         

   I believe the commemoratives got into the United States primarily via Spain, Eastern

   Europe, and Canada, for the most part. These countries do not support our embargo of

   Cuba. Before I was even aware that Cuban commemorative coins were included in the   

   embargo, I bought a few of the commemoratives from a Spanish dealer on Ebay.

   They were inspected by US Customs in JFK airport in NYC, and I was subsequently

   fined. Technically, it is illegal to import or export these commemorative coins across

  the American borders. My understanding is that it is not illegal to sell them in the

  USA, as long as they are not exported.

  NOTE: It is not illegal to export or import Cuban coins that were

               minted prior to 1961.

 

  The Cuban citizen uses special coins and paper money minted in Cuba for their citizen

   internal monetary system. The American dollar, in spite of Castro's orders, is still much

   desired in Cuba. Americans send dollars to Cuba to assist family, but the Cuban are    

   charged about 25% to convert them into Cuban currency.

   The tourists in Cuba also use a separate monetary system, called Cuban convertibles.    

   These are supposed to be used at the Cuban Government stores. These two internal

   monetary systems are not much more than the token systems.

 

 

 

CNA Website

Our webmaster, Stan Klein, needs the specific details of ANY problems that you might be having in these categories. PLEASE email your editor at Fxputrow@aol.com the specific problems you may be having at this time. I will condense and submit the problems to Stan for resolution.

In the meantime, here are some helpful hints that may improve any problems you may have.

1.      A problem is that some ISP providers, such as AOL, retain the Pages of Websites on your computer in the internet cache, to speed up transmission. If you are an AOL subscriber, “REFRESH” your explorer connection by hitting “F5” key while you are on the page that does not appear to be current. Make sure that you are using the latest version of AOL, which is 9.0

2.      Install Adobe Acrobat, including Adobe Reader 7.0. It is a free download, and available at http://www.adobe.com/products/acrobat/readstep2.html

 

NOTE: Stan has also made two enhancements on our CNA websites that are especially useful to Ebay users.

A. Access the CNA website at www.cubanumis.com, then AUCTIONS.

     There are three options to access Ebay by three categories (coins, paper, medals…).  

     Try it!

B. If you are a seller on Ebay, access AUCTIONS, and follow the instructions to place

     the special coded message in the body of your listing. An interested reader of your

     listing will have a simple access to the CNA website from your listing. For an

     example, check out Ebay item # 320062527010.  

 

 

 

ANSWER TO Quiz on page 3.

The model was Leonor Molina Adan (1870 – 1957), a Cuban living in New York City. The sculptor, was Philip Martiny (1858-1927), a sculptor-assistant of Augustus Saint Gaudens. He waived his fee to the Cuban Revolutionary Junta, as a donation to the Cuba Libre cause.

 

 

WANT ADS

For Sale

1.   Cuban NGC and PCGS certified “pre revolution centavos and pesos. Contact      

      Frank Putrow at Fxputrow@aol.com or 727 5317337.  

2.   Cuban Pacification Medal, US Army, Service Bronze Medal “1906-1909”. Both  

       medal and ribbon are in excellent condition. The obverse has the Cuban shield 

       flanked by two soldiers at an “at ease” position. Asking $149.00, plus $3.50 for  

       shipping. Also have many other “condecoration” items for sale, including  

       Military decorations, medals of honor, etc. Contact Rudy Valentin at 

       Numisrev@msn.com.   070107

     3.    Cuban VF – AU centavos (1c to 40c) for sale. 75% of Krause list. Many to

            choose from. Guaranteed satisfaction. Contact Jesus Inguanzo at

            Guardafango@yahoo.com or 305 2237200.  070107

     4.    Cuba and World Coins. Order your free list at cidcorreo@msn.com or call 305  

             9756114 (weekends). J. Crespo CNA #54.

      5.   Cuban Collectibles N Things. http://stores.ebay.com/cubancollectiblesnthings

             Free S&H to all CNA members. Sarita   070107

 

 

Wanted

       1.  Modest collector desires Cuban coins with ships highlighted on obverse. Contact 

      Bob Freeman at rafre5@hotmail.com   070707  

       2.  Modern Cuban Exchange, Visitor and minted coinage.

            Exchange: centavos (1998-2006), 5c (2003-6), 10c (2000-7), 25c (2003-6),

                50c (1995 – 2006), Peso (1999-2006), 5 Peso Che 2000-6).

            Visitor: centavos (1989a&b, 1998a&b), 5c (1982a&b), 10c (1982a&b),

                25c (1982a&b, 1989a&b), Peso (1989).

            Minted for general circulation: centavos (1982, 1998-2006), 2c (1987-2006),

                  5c (1966, 2000-6), 20c (2000-6), Peso (Marti 2000-6),

              Peso (Patria Muerte 1990-2006), 3 Peso (Che 1993, 2001-6).

              Also interested in purchasing 1995 Dual Commemorative Issue Pesos:

              45 Anniversary of Central Banking in Cuba, and 100th Anniversary of the Death

              of Jose Marti.

              Contact Angel Giannotti at agiannotti@gmail.com.  070107

   3.  A discontinued DANSCO Supreme #7240 Cuba type-set album in good            

        condition with or w/o coins. Contact G.K. Graham at bbq_n_blues@webtv.net

        070701

   4.  English version of CUBA, A COUNTRY AND ITS CURRENCY, in very good 

        condition. Please contact G. Graham at BBQ_n_Blues@webtv.net  070107 

.

   For Trade

   1. Trade your UNC. Cuban 1898  peso, 1877 Cuban Pattern, or rare early Cuban 

       silver coins for my Cuban doubles, including rare proofs to high grades. I will    

       also purchase. Contact Carl at Carlme@earthlink.net or 282 6279443.  070107

 

        Other

    1.  Selling and buying all Cuban coins, medals and tokens. George Manz Coins,

         www.georgemanzcoins.com or email George@georgemanzcoins.com in       

         Regina, Canada. Telephone 306 3522337.  070107

     2. Colin Bruce II, CNA member, is looking for reference information on Cuban  

         Military Medals, including Modern issues. Contact Colin at

         Colin.Bruce@fwpubs.com   070107

 

 

 

 

 

APPLICATIONS FOR CNA MEMBERSHIP ARE AVAILABLE AT www.cubanumis.com or by CONTACTING FRANK PUTROW AT Fxputrow@aol.com or 727-5317337.

 

IF YOU ARE CURRENT WITH YOUR CNA DUES, AND HAVE NOT RECEIVED YOUR NEW LAMINATED MEMBERSHIP CARD, AND/OR

YOUR “WOODIE” 5 CENTAVO NICKEL, PLEASE CONTACT FRANK PUTROW AT THE ABOVE INFORMATION.