CUBAN NUMISMATIC ASSOCIATION                  NEWSLETTER 4-08

IS A 501(c) 3 ORGANIZATION (see newsletter 2-07)                     OCTOBER 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 INDEX

Page  2          CNA YOUNG NUMISMATIST (YN) ESSAY CONTEST WINNER.

Page  3          QUIZ.

Page  3-4       FROM YOUR TREASURER

Page  5          MEMBER PROFILE.

Page  6          CUBAN COINS HOST UNUSUAL NATIVE SPECIES

Page  7-8       CNA NEWSLETTER ARTICLE INDEX.

Page  8-9       FROM THE KITCHEN.

Page  9-12     LETTERS TO THE EDITOR.

Page 14-15    WANT ADS.

 

PLAN NOW TO ATTEND THE 6th ANNUAL CNA MEETING, HELD IN CONJUNCTION WITH THE FLORIDA UNITED NUMISMATISTS (FUN) COIN SHOW HELD IN ORLANDO, FLORIDA AT THE ORANGE COUNTY CONVENTION CENTER.

COIN SHOW – JANUARY 8-11, 2009.

CNA MEETING – SATURDAY AFTERNOON, JANUARY 10th.   DETAILS TO FOLLOW. 

HURRICANES  GUSTAV, HANNA and IKE BESIEGE THE CARIBBEAN and GULFCOAST STATES.

Most of us watched in horror as three recent hurricanes assailed Louisiana, Florida, Mississippi, Alabama, and Texas. The major television networks provided excellent coverage as these storms deluged and destroyed our beautiful gulfcoast states. Limited coverage was available from Cuba, which was severely damaged by these hurricanes. Ike, the latest and most damaging, did substantial damage to the native land of many of our CNA members. Anticipating Ike, 1.23 million Cubans were evacuated to safer positions. Although the death toll (7) was surprisingly low, more than 200,000 homes were damaged, and 30,000 were totally destroyed.

It has been reported that the Cuban Government refused assistance offered by the US Government, because of preconditions of the aid.

 

CNA ESSAY CONTEST WINNER, FOR YOUNG NUMISMATISTS, IS SELECTED.

Parker Gordon, a 16 year old junior numismatist from Lipan, Texas, has been selected as the winner of the Cuban Numismatic Association Essay Contest for Young Numismatists. As the winner, Parker received a Cuban 1896 10 Peso note, an 1897 20 Centavo note, and an 1897 10 Centavo note. The preceding notes were donated by CNA member G.K. Graham, Memphis, TN., who requested that they be given to a Young Numismatist.

Parker also received a one ounce silver CNA Commemorative coin/medal, a 1959 100 Cuban peso replica, a “wooden” 5 centavo (nickel), and a complimentary 2008 membership in the CNA.

 

Parker is shown above holding the Cuban Numismatic Association Certificate of Excellence, as well as a few of the awards that he received.                                                                                                 QUIZ: HOW WILL THE CONFUSING CUBAN “ CONVERTIBLE” PESO ISSUE EVER BE  ADDRESSED ?   See Page 14.

 

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!!

Dues to the Association can be deducted on your 1040 tax form in certain circumstances.   
CNA members, who pay dues and receive the newsletter by email, are considered members making charitable donations to the club, and the Association dues are deductible on their 1040 tax form. 
Those members, who pay dues, but request that newsletters be mailed to them, should assume they get value for their donations and therefore should not consider Association dues as deductible charitable donations.

 

 

 

From Your CNA Treasurer:                                                                                                                                                                                                                                                                                                                                              As many of you know, the Cuban Numismatic Association is a recognized 501(c)(3) non profit organization. Because we are a recognized non profit organization by the United States Internal Revenue Service, we are eligible to receive charitable donations to the benefit of the donors. However, this also means we have to follow all the applicable tax laws. The Cuban Numismatic Association is nationally registered as a non profit business with the United States Internal Revenue Service, and the Association is also separately registered as a non profit business with the State of Florida. Our Association charter provides that the members run the organization, for a charitable purpose, by semi-annual elections of officers. Annual membership dues are $10.00 for regular members and $5.00 for junior members who are under the age of 18.  In a very large part, these membership dues fund our operations. Keep those dues current!                                                              

 

Every other year, the membership elects the Association’s Officers and Directors for two years. The next election is in 2010. I encourage each member to run for an Office or to be a Director.                                                            The Officers of the Association; President, Vice President, Secretary and Treasurer run the day-to-day operations with the help of the Association members. We also have volunteer members who contribute to the newsletter, publish the newsletter, answer questions about Cuban numismatics, and administer the CNA website, WWW.CUBANUMIS.COM.  Members are encouraged to write articles for the quarterly newsletter about your Cuban numismatics specialty.  

The Association has a 9-member Board of Directors who oversee the Association operations at a once-a-year meeting held in Orlando, Florida at the FUN (Florida United Numistmatists) Coin Show, which is held each year in early January. As the Association reaches financial milestones, as Treasurer, I provide the details and background relating to those milestones. 

 

On occasions, I also provide articles for publication in our CNA newsletter.

This is a short tutorial on State of Florida sales taxes.

      Even though the Association is a non profit business, it is still possible that the Association may     

      have to pay federal (U.S.) income taxes. For example, if we opened a store and we had over   

      $1,000 in income from items we sold such as t-shirts, books and coffee, we would be operating

      as a for-profit business and would have to pay federal income tax on our income for the year.    

      Since the Association operates within the allowable rules set out by the IRS, and has not

      operated as a for-profit business, no federal income taxes have ever been paid by the

      Association. However, the Association did have to register with the IRS and pay a registration

      fee to enjoy our non profit privileges.

 

      Tax might also be owed to the State of Florida. Even though the Cuban Numismatic Association

      is a non profit business operating in the State of Florida, sales taxes could still be due. Therefore

      the Association has also registered with the State of Florida.  Florida sales taxes would be due  

      based on our sales, but not our profits. In addition, sales taxes in Florida are due based upon each

      and every qualifying sale! For a non profit organization, the key to avoiding Florida sales tax is

      to avoid qualifying sales.

      Our Association would avoid paying Florida sales taxes if all the Association did was to collect

      dues and donations, and if, the only sales the Association held were two one-day sales a year. For

      the most part, that is all the Association does. We collect dues and donations in addition to

      holding an annual sale (auction) once at year at the annual meeting in Orlando. However, in

      2006, the Association had commemorative coins produced and sold these coins to its members.

      Since the sale involved goods purchased for resale, and we sold these coins throughout the year,

      the Association operated as a business with qualifying sales, and thus, owed sales taxes to the

      State of Florida.

 

      In reflection, there were 3 exclusions we could have used to avoid Florida sales taxes:

      1) We could have sold all the items only at our annual meeting, or at any other single time.

      2) We could have qualified the coins as U.S. official currency (impossible); or

      3) To qualify for bulk sales of bullion in Florida, we would have had to sell the coins in $500           

           lots.

           In 2006, the Board of Director’s decided to sell commemorative coins in a run of 200 in small  

           lots. That way, each of the members, and the Public at large could enjoy the founding of the

           Association on January 9, 2004. Unfortunately, Florida Sales Taxes were due on the

           commemorative coin/medal sales which were delivered in the State of Florida.

 

In summary: as a non profit organization, it is important to check to see if one needs to

register with the Internal Revenue Service and with the taxing authority in your State. Research the tax rules and laws carefully so taxes will be minimized. Avoiding taxes is not illegal; evading taxes that are due, is illegal. Operating funds in a small organization are hard to come by, so one must be diligent. The CNA Florida sales tax liability on the silver commemoratives totaled $217.50. In spite of this tax, the commemorative coin project did not lose money, and provided many members with

a memorial medal/coin of the CNA development.

See you at the FUN in Orlando in 2009.

Bob Freeman, Treasurer, Cuban Numismatic Association

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.

 

The CNA is privileged is have members of various ethnic, economic, political, and educational backgrounds. Among the mix are: business executives, lawyers, medical doctors, and PhD’s in religion, education, science, and government. The core of the CNA remains the “average” person, with numismatic interests, but it is interesting to know that such a variety of collectors are on our membership rolls, such as:

 

Rolando J. Piernes Alfonso – CNA Charter Member since 2004.

Rolando and his wife, Carmen V. Menedez – Piernes, have both been bestowed the titles of HONORARY CONSUL GENERAL OF THAILAND (June 1988). In their particular cases, this honor appears to be well earned. The government and political background of the Honorable Rolando J. Piernes is extraordinary.

He is an American citizen and lives in Puerto Rico (PR). He has a degree in Diplomatic and Consular Law, a MBA, and a PHD in Education. He is the past owner of a security equipment company. He is a retired Lt. Col. of the PR National Guard.

He served on the PR Consular Corps, elected Dean on two occasions, and still serves as an advisor.

He serves on numerous scientific, educational, and cultural academies, and organizations.

He is a Knight, or Knight Commander, in Orders of the Vatican, Puerto Rico, Thailand, and Venezuela.

He has received many other awards for his contributions to various countries.

He is a member of the Numismatic Association of PR, and our CNA. Needless to say, his interests include government medals and documents.

 

 

LANSA HOLDS AUCTION ON CURRENCY

LANSA (Latin American Paper Money Society) is currently holding an auction for paper money. Cuban notes are listed (#264-300). Bidders must be members of LANSA. View the notes at www.lansa.bz

Bids should be sent to Mike Morgan at morganmikejohn@yahoo.com

 

 

 

NGC is introducing a new generation of the NGC holder, incorporating their state-of-the-art EdgeView® design.  

The holder will be used for encapsulation of NGC-certified coins beginning late August 2008. The most visually significant change is the incorporation of NGC’s EdgeView® design, which suspends a coin within four prongs, allowing for clear view of the encased coin’s edge. This feature will be available for nearly all coin types 40mm and smaller.

The newest generation of NGC holder is made from the same preservation-grade materials as the holder developed by NGC to house the 200 most rare, unique and famous American coins in the Smithsonian’s National Numismatic Collection. The Smithsonian conducted rigorous materials analysis and testing to confirm the long-term safety of all of the components used in the manufacture of these holders, further verifying their inertness and stability.

Several state-of-the-art anti-counterfeiting features have been integrated into the holder’s design. These include a high-security label incorporating microprinting, UV-light responsive watermarking and an embedded holographic layer. A second hologram is fused to the back of the holder, developed with new methods that make it virtually impossible to reproduce.

“Our newest holder satisfies NGC’s combined objectives of exceptional visual display, security and long-term preservation,” comments Steve Eichenbaum, CEO of NGC. “To achieve this, we relied on technology that quite simply did not exist when the last generation of our holder was released in 2001. It is without question the most extensively tested and technologically advanced coin holder ever created.”

 

 

CUBAN COINS HOST UNUSUAL NATIVE SPECIES

The August 2008 World Coin News contained a most interesting article, written by Dennis G. Rainey, regarding three native animals of Cuba facing extinction. All three are portrayed on Cuban commemorative peso coins. The following is a brief summation of the three unique animals. The entire article can be found on pages 28-30, of Coin World News, August 2008.

 

The Cuban Solenodon or Almiiqui, commonly mistaken for a shrew or mole. It is thought that they have existed for 25 million years, but are extremely rare today. They were formerly discovered in 1861 in Cuba. When Europeans arrived in Cuba, they brought their dogs, cats, and later mongooses, to control the creatures who roamed their sugar cane fields. The solenodons were thought to be extinct in 1970, but a few have since been captured. They are 16-22 inches in length, and weigh about 2 pounds. They are dark colored, have longer front legs, and it’s saliva is said to be toxic. They only produce two litters of one each year. They live on insects and vegetation.

 

The Cuban Cocodrilo or Crocodile is unlike the American crocodile. It is usually about 10-11 feet, and the record being 16.4 feet. It’s yellow and black color pattern earned it the sometimes used common name “pearly” crocodile. It’s numbers are estimated to be between 3000 and 6000, and they are found primarily in the Zapata swamp, in SW Las Villas Province.

 

The Cuban Gar Fish or Manjuari is the rarest of all gars. They are an ancient group of fish going back 75 million years. The Cuban gar is smaller than the American gar. The scales of the gar are similar to enamel, which were used as plow blade attachments by early settlers. The Cuba gar is found in the Zapata swamp in SW Las Villas Province. Their meat is edible, but their eggs are said to be poisonous. Their numbers are very low.

Pictures of these three species, as well as many other animals, can be found in Krause’s Standard Catalog of World Coins.

 

 

CNA purges inactive members

Thirty six CNA members were recently purged from the CNA membership rolls, after multiple attempts to contact them through email, USPS mail, telephone, and certified mail. Many of these members were delinquent in membership dues for three years. A few, who were contacted, requested that they be removed for personal reasons.

Please notify Frank Putrow if there are any changes to your contact information or desire to remain a member.

 

CNA NEWSLETTER ARTICLE INDEX

ISSUE/PAGE    DESCRIPTION

4-06/8                       1870 Essai        

4-07/14                     1870 Patterns

1-04/4                       1876 5 centavo

4-07/17                     1920 Proofs

3-06/7                       1869 1000 Peso Revolutionary Bond

2-07/14                     1869 Paper Money Issues of Cuba

4-07/4                       1869 5 Peso Error Note 

3-04/3                       ABC’s – The story behind the ABC’s

4-07/16                     ABC Design

1-04/3                       America’s involvement in Cuba

2-07/12                     Auction Results of Cuban Coins

3-08/18                     Auction Results of Cuban Coins

2-08/9                       Banco Espanol De La Isla De Cuba

3-05/6                       Barber – Chief Engraver

3-05/10                     Brand Collection Auction of 1964

3-05/12                     Buyer Beware

4-05/8                       Casino Chips

1-08/9                       Chronology of the Minting of the First Cuban Coinage

3-04/2                       Cobs, Pieces of Eight and Treasure Coins

3-05/2                       Commemorative Coins

2-06/11                     Commemorative CNA Coin

3-08/12                     Counterfeit Coins and Holders

2-04/4                       Cuban Coin Adventure

3-05/8                       Cuban Coins – A bit pricey

4-08/6                        Cuban Coins Host Unusual Native Species

2-04/2                       Cuban Market

4-05/12                     Cuban Market

4-06/11                     Cuban Mint Tour

1-05/3                       Currency – Collecting Cuban Currency

1-04/5                       Cuban Numismatics – Overview

1-04/6                       EBAY – Buying and Selling

1-04/2                       Embargo, as it applies to modern collectibles

1-08/7                       First Bank Notes of the Cuban Republic

1-06/7                       First Circulating Currencies

1-05/7                       First Strike of Cuban Coins

 

                                  FROM THE KITCHEN

3-07/13                      Flan

4-06/10                      Flan Cake

4-07/20                      Mojito

4-06/10                      Paella  

4-08/8                        Pressed Cuban-Style Burger

3-08/18                      Rice Pudding

1-08/17                      Roast Pork

2-08/12                      Pork Leg (Stuffed)

1-07/11                      Sautéed Fish and Tropical Salsa with Avocado and Greens Salad

2-07/19                      Ropa Vieja (Old Rags) with black beans and rice.                                 

2-07/20                      Tres Leche Cake

4-08/10                      Arroz Con Pollo (Yellow Rice and Chicken)

 

1-04/8                        Grading

3-04/9                        Grading 101

3-07/10                      Habana Real Hacienda Seal

2-05/6                        Keys of Cuba

3-04/10                      Luster

3-06/9                        Medals – Moro Castle (1762)

1-06/8                        Monetary Conversion after Spanish America War

2-04/4                        Our Man in Cuba

2-07/8                        Population Report of NGC and PCGS certified Cuban coins.

3-08/20                      Proof – Proof Like – First Strike

2-04/11                      Relief – High and Low

3-08/10                      Sea of Gold and Silver around Cuba

1-04/6                        Souvenir Peso – 1897

2-04/6                        Souvenir Peso – 1897, and 1898 Peso

2-05/5                        Trafalgar – A rich Naval history

4-07/8                        Tokens – Sugar Estates (Section 1)

1-08/9                        Tokens – Sugar Estates (Section 2) 

2-08/4                        Tokens – Sugar Estates (Section 3)

3-08/5                        Tokens – Sugar Estates (Section 4)

2-07/5                        Tokens – Military and Post Exchanges

3-06/5                        Tokens - Tobacco Plantations

3-07/5                        Tokens - Transportation

2-06/6                        Treasurer’s Report  

4-08/3                        Treasurer’s Report

 

  

FROM THE KITCHEN – PRESSED  CUBAN-STYLE BURGER

INGREDIENTS:

1 pound ground chuck, salt and freshly ground pepper, ½ cup best quality mayonnaise, 3 cloves roasted garlic (pureed), ¼ cup Dijon mustard, 4 hamburger buns, 8 slices thinly sliced Swiss cheese, 4 slices thinly sliced smoked ham, and 2 dill pickles, sliced into ¼ inch thick slices.

PREPARATION:

Form the meat into 4 each ¼ inch thick burgers. Season the meat with salt and pepper on both sides and cook in a sauté pan over high heat to medium heat, about 2-3 minutes per side.

Combine the mayonnaise and roasted garlic in a small bowl and season with salt and pepper to taste. Spread both sides of each bun with mayonnaise and mustard.

Place a slice of cheese on bottom bun, and place the burger on top of the cheese, then top burger with a slice of ham, then another slice of cheese, and finally, the pickle slices. Place the top of the bun over the pickles and cook on a sandwich press, or wrap the burgers in foil and cook in a hot skillet over high heat with a heavy skillet placed on top of the burger to press the sandwich. Cook until the cheese has melted. The bun should be golden brown. Serves 4.   ENJOY!!!!

YELLOW RICE AND CHICKEN:

 

" Arroz con Pollo (A la Chorrera) "

Serves 6

  • 1 chicken (3 lbs.)
  • 2/3 cups olive oil
  • 1/2 onions
  • 1 sprig parsley
  • 1 green pepper
  • 2 cloves garlic
  • 4 cups chicken broth
  • 1 cup dry wine
  • 2 tbs. salt (approx.)
  • 1/2 tsp. saffron
  • 1/2 tsp. cumin
  • 1/4 tsp. pepper
  • 1 lb. rice
  • 1 can red peppers
  • 1 small can petit pois /peas
  • 1 small can asparagus

PREPARATION:

Cut chicken into eight pieces and brown in hot oil.  Remove chicken and saute the onion, parsley, garlic, green pepper in the same oil. Return the chicken to pan adding the broth, and boil until chicken begins to soften. Add the wine, salt, saffron, cumin, half the red peppers, the water from the red peppers and the petit pois. Bring water to a boil and add the rice. Cook over low heat or in a 400ºF oven for about 30 minutes. While cooking, add small portions of water, as needed, so that the rice does not dry up. When done, place on serving dish and garnish with asparagus and red pepper strips

ENJOY!!

 

                

             

 

                                                                                         

LETTERS TO THE EDITOR

# 1   AR sent the following email. 

Dear Sirs, 

For years I have found references to a Cuban $10,000 pesos note issued in 1960 portraying Ignacio Agramonte, but have never been able to find an image of it in any catalogs or numismatic publications, and I am curious to see what it looked like.  

I was hoping you would be kind enough to refer me to some website or publication that shows it or has a picture of it. Or, if by any chance you have access to the image, if you could please e-mail it to me. I would be very grateful.

 

Response by three CNA Officers:

Heya AR,

I believe that the date that you are seeking for the 10,000 pesos would be actually 1950.

Not too many of the issued notes are known, but it does occasionally comes up as a specimen or a proof pair. 

An image of a specimen is available at the website listed below. It recently had a hammer price of $9,000, so it is nearly back to being on par with the dollar, or has surpassed it, once auction fees have been added.

http:/www.LKCAWorldPaperMoney.com/ShowAuctionDetails.Asp?Auction_ID=7454

Thanks for your interest and I hope that this helps,

Larry Casey, CNA Charter member and Parliamentarian.

Hi fellows,                                                                                                                                   Larry conveyed good and correct info. While Krause reports only two known issued notes, my guess is that there are about TEN of them in existence.                                                           There are also some Uniface Color Printer's Proofs of both Obverse and Reverse, as well as a Black & White Printer's Proof mounted on Cardboard.                                                                    In addition, there are the Ignacio Agramonte Vignettes, a Series of Progressive Black & White Proofs No. 1 thru No. 5, with the name of the engraver signed "Yah NHOJ" which is the retrograde for his name "John Hay".                                                                                          Emilio M. Ortiz, CNA Director.

I might as well jump in on this also. I agree with Emilio, that all of the necessary information has been passed on. I purchased one of the specimens when they were offered several years ago at about 20% of what the present auction records indicate. There are very few known issued notes out there. About 25 years ago, when I was much less knowledgeable about the rarity of this note, I was offered a well circulated one with "teller markings" (crayon numbers) on the face. I did not buy it since I wanted perfection and decided to wait. Oh well !!!                                                   Dick Becker, CNA Director.                                                                                                                                                                                                

#2  JA sent the following email:                                                                                    Dear Mr. Putrow,                                                                                                                                I wonder if you can tell me what the following notes might be worth.                                        Thank you for your help.

2 1000 Cuban notes from series 1950
1 100 peso note series1959
1 50 peso note series 1958
1 50 peso note series 1959
1 20 peso note series 1949
2 20 peso note series 1958
1 10 peso note series 1949
1 10 peso note series 1956
8   5 peso notes series 1958
1   5 peso note series 1960

 

Response by Larry Casey, CNA Parliamentarian and Charter Member.

I must apologize for my delay. I normally handle requests sent my way more rapidly, but

the schedule has been hectic recently. I have been giving consideration to your inquiry.

 

We have a list of notes to consider for values. This is actually fairly difficult without

seeing them, or knowing their conditions. For instance, the 1000 pesos has a

catalog value of $70 in uncirculated condition, $20 in very fine and but $5 heavily circulated.

And it is the 1000 pesos which would be of the greatest value from your list, unless any

of the 1958 5 peso notes are replacements (small cross instead of a prefix letter starting

the serial number). This would be even more important with 1956 10 pesos note.

Special serial numbers like low numbers for instance can also increase the value of particular

notes beyond catalog values, as well. Most common is the 1959 100 pesos from the list and the rest are fairly available on the collectors market, and would all have catalog values between $20-$35 each in a highly collectible condition.

 

I hope that this helps. I wish that I were telling you that your retirement was solidly set but I would

certainly accept a redirect for further considerations should you notice something that may

fit in with some of my above mentioned special criteria. If nothing else, you have a fairly nice

collection of many of Cuban banknote varieties from the 1950s. 

 

#3. D sent the following email:                                                                  

Dear editor,

Can you provide me with any information on the 1834 Isabel II Proclamation; value, worth, etc.? 

 

Response by Enrique Cayado, CNA Associate Director/Research, and Charter Member.

This HABANA medal was struck in 3 metals; gold, silver and tin, and is 21mm in size. It is a Proclamation medal, I think silver, which I have often seen.  They sell for about $100 to $200. This one appears to be in better than average state of preservation. Tin and gold are not as common, and they would command a better price.

Some catalog references are:

Medina 416

Herrera 98, 45

I have not found any literature with information as to number of pieces manufactured.

 

#4. B.S. sent the following email:

Dear Sir: 

I  am  a  retired  former  collector,  former  member  of  LANSA  and  life  member  and onetime  director of IBNS. Recently, I  have  been assembling  albums  of  color images of  paper  money  of a  few  selected  countries, including  Cuba, and  I  have  a  few  questions. I have  images  of  all  these "Foreign  Exchange  Certificates," series  "A1,  B1,  B2,  C2,"  etc.  etc., all with Friedberg numbers, all without dates, all said to be from "1985". But, I can find no information about when or why (or even whether) they were issued, or circulated, or were withdrawn or recalled. It appears that they are not considered to be in the same category as the 1994 ff. Pesos Convertibles, about which I have found some information. Can you tell  me anything about these  "notes"?   

 

Response by Larry Casey, CNA Parliamentarian and Charter Member.

It is funny how many inquiries the CNA gets on the Foreign Exchange Certificates. They comprise the highest percentage of inquiries forwarded to me for reply. It is perhaps time for me to dig out my material and pen an article on them. 

From a recent EBay auction

(1985 Cuban convertible pesos. EBay (item 300230486440. End time Jun-08-08 09:45:46 PDT));

Lot of nine different bills of the 1985 Issue of Cuban Convertible Pesos.

Type A: By resident personal of the Socialist Countries in Cuba.

Type B: By tourist in exchange in the airport, hotels and banks for the foreign money, that was not permitted to circulate inside Cuba.

Type C: Cubans with special conditions and permanent resident foreigners.

Type D: Temporal resident foreign students. 

This is roughly my understanding except for perhaps the C series for Cubans with special conditions. I believe that one series was for Cubans abroad, but that didn't work so well.

I also have questions on these.

American Express Travelers checks work here and abroad, Students can even use them.

Four series couldn't possibly have been needed, and then there were two series each of the C & D series; some of which I have never seen; some of which were always listed as reported, but not confirmed in the Krause Standard Catalog of World Paper Money.

My last issue would be that the Standard Catalog lists some pictures as specimens. There was once a seller’s website that had many pictured in his listings, but none actually available. I have been offered only one by auction, that I purchased with little competition or winning fee.

I am sorry to throw out as many questions, instead of answers, but we are talking about a very confusing modern element in Cuban banking!

I hope that this helps some, but I would welcome redirect and will try to be back to you if I can find the additional information provided to me from a friend and fellow collector in Slovakia.

EDITORS NOTE: The Cuban Mint, in partnership with the Cuban Numismatic Museum, reports that a new catalog is being prepared for release in 2009. These convertible pesos should be in that information.

 

#5. M.S. sent the following email.

Excuse my English, because I am French. I have some Cuban commemorative silver coins;

10 Pesos 2005 KM #810 to KM #818. In Krause World Coins 2008, mintages was 50pcs to 150pcs only! I received yesterday new catalog 2009 and mintage is 2,000 to 5,000! Big difference!

I can't find these coins in Casa de la Moneda de Cuba. Do you know real mintage of these coins?

Thanks for your help.

 

Hello M.S,

Thank you for the email regarding the mintage of specific coins.

Since 1977, the Cuban Government has been minting their coins. Input to Krause's Catalog of World Coins was very spotty, provided primarily by a Canadian coin dealer, who has since moved to Ireland. I think that he stopped providing specifics on Cuban coins about 5 years ago.

In 2006, the Cuban Numismatic Association became a liaison for the Cuban Mint and Krause. Arrangements were made for the Cuban Mint to start sending digital images to Krause on a regular basis, thereby making updates to the Catalog of World Coins (CWC) easier. In 2007, many images and specifications were sent from the Cuban Mint to Krause, and the catalog has added/corrected considerable Cuban images, as well as specifics, including mintage quantities.

I cannot state absolutely that the 2009 mintage quantities are correct, but I can state that the Cuban Mint is very interested to make the CWC as accurate as possible.

Frank Putrow, Editor.

 

#6. W. sent the following email.

Dear Sirs,
I am a collector from Germany and I have a question. Maybe you can help me?
I would like to know what is a reasonable price for a half provisional peso from 1870 in copper in an excellent condition!
Thank you for reply!

Response by Enrique Cayado, CNA Associate Director/Research, and Charter Member.

It is a rare coin and I have not seen one come up at any recent auctions. A price below $2.5K or over $6K US would surprise me.
I advise professional third party grading (NGC/PCGS).  A grade over 64 would make it a "best coin" and significantly enhance
value.
These coins are frequently lacquered and/or show minor corrosion. A "raw" coin (not graded) would be suspect and tend to price at the lower end.

Note: The 1870 Peso grades as copper, however there is tin in the alloy.

BOOK on Cuban Casino Chips being written

Dr. Luis Alvarez, charter member of the CNA, is currently working on his lifelong goal – A book of Cuban Casino Chips. He intends to include the intrigue of the Cuban Casinos, ownership, government involvement, criminal element, etc. He will also include currency and coinage of the periods, as well as tokens, etc. Dr. Alvarez cannot state the estimated completion date, only that he is currently very engaged in this task. This could be a major contribution to the Cuban Numismatic community.  

 

OBITUARY

The CNA has members throughout the United States and in a few foreign countries. Our single most serious problem is two-way communications. As a result, members have passed away, without the CNA being aware of their death. Returned email, or delinquent dues are the usual indication, but a death usually cannot be substantiated. As a result, it is presumed that we have lost members without paying them homage. Please advise the editor if you are aware of the death of any member.

Stowell, (ret. Brig. General) Millard N. # 088. CNA member since February, 2007

Millard passed away on July 26, 2008. He was 83, and lived in Palm Harbor, FL. He was a veteran of 38 years, seeing action in WWII and Korea. He is survived by a son and three daughters.

His love of numismatics included Philippines and North America, including Cuba. He was especially proud of his extensive Philippine collection, which included the complete set of the 1903-1911 Centavos and pesos, including very rare proofs. He was an active member of the Clearwater (FL) Coin Club (CCC), and served as the advertising coordinator for the annual CCC Coin Show in January.

 

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.  

Cuba to abolish two level currency: official  

 

22 May 2008  MADRID - Cuba is to abolish its dual monetary system as the country pursues timid economic reform under new leader Raul Castro, a senior official said in an interview published Sunday. The communist Caribbean island state operates with the convertible peso, worth just under a US dollar, and the national peso, worth far less. Cubans are paid in national pesos but require convertible pesos to buy certain goods. ‘Cuba will reform its monetary system as quickly as possible,’  the head of the Cuban parliament's economic commission, Osvaldo Martinez, told the Spanish daily El Pais. ‘The government's policy is to eliminate the dual currency, which to some extent hurts the country's self-esteem, but we need a minimum quantity of monetary reserves for a normal exchange rate, prices and wages reform and greater economic efficiency,’ he said. Since succeeding his ailing brother Fidel, in February, Raul Castro has eased a number of the tight restrictions on Cuban life, including allowing citizens to own mobile phones, rent cars, stay in tourist hotels and buy modern electrical goods. Most Cubans, however, can still not afford to pay for such luxuries.   

 

 

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:                              

Paper Issue, 1995 Marti 1 Peso. Krause 114 (Specimen).                                                                       Peso coin, INTUR 1989, Krause 580.                                                                              Five Centavo coin, CUC type, 2006, Krause 575.2.                                       Twenty five Centavo coin, CUC type, 2007, Krause 577.2.   Fifty Centavo coin, CUC type, Krause 578.            All 2008 paper and coin issues; CUC type and regular business strikes.                                  Contact Angel Giannotti at agiannotti@gmail.com.  093008

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

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

         4. 1937 ABC Peso and Gold 1915 4 Peso in VF-XF condition with no problems.   

       Contact Tom Galway at tpgalway1@charter.net

.

   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.