coins – Inherited Values

Pawn Stars Casting (An Exclusive Interview)

Of all the TV shows about antiques and collectibles, we’re still huge fans of History’s show Pawn Stars. So we were thrilled to receive a casting call announcement from the show — and turn it into an exclusive interview with the show’s Casting Director, Martin Hardy!

How does the casting process work?

We are always looking for real sellers of unique, new items and encourage anyone who is interested in selling or pawning an item to contacts us through our casting email: pawnstarstvshow@leftfieldpictures.com. We get hundreds of submissions daily from potential sellers who are looking to sell their items on the show. Our casting department works very hard identifying rare and unique items that we have not shot with before but that also tell an interesting historical story.

Once we receive a great item that we feel is right for the show, we generally notify the seller to grab some more key information about it. Then we present it to the guys at the Gold &Silver Pawn shop to see if it is something that they would be interested in purchasing. Once we get the go ahead from Gold and Silver, we tell the seller their item has been approved and we schedule a date for them to come in.

Is there any compensation for being on the show? Do you pay for transportation, lodging?

Because we use real sellers of real items, we don’t provide any compensation for being on the show. Each seller has the opportunity of making a deal and being compensated for the purchase of their item.

We know that not everyone on the show sells their item; but does a person have to at least be willing to sell? Or can they just want to show off their item, get an appraisal, find out more information, (just meet the Pawn Stars!) etc.

At this time we are only able to cast sellers who are serious about selling their item. Of course they need to be comfortable with terms of the deal they reach with the shop, but we always hope they make a sale. We do not offer any appraisals for anyone who does not appear on the show with that item.

Are there any categories that you are more interested in than others?

At the moment we are really interested in anything that is rare and unique (books, autographed originals, artwork, historical documents and coins etc.)

Should a person get on the show, how much of a time commitment does it require?

Depending on the item, the filming of scenes generally last anywhere from 3-4 hours.

If you have something you think is rather rare and special — or wonder if it is, why not contact Martin and casting team? They’ll tell you if it makes the Pawn Stars grade. And we’ll all learn a little something along the way. More information is in the casting flyer below (click to see a larger version). You can contact them at pawnstarstvshow@leftfieldpictures.com (and you can mention Inherited Values sent ya!)

The Beard Tax

We’re at the height of Movember, a charitable movement raising money for men’s health issues like prostate cancer by encouraging men to grow their facial hair while people donate money in amounts appropriate to the growth accomplished. Sort of like Jump Rope For Heart, but with less panting and leg cramps. Beards have been used to raise money in the past as well, but in a much different way.

Peter the Great ascended to the tsarist throne of the Russian Empire in 1682, at only ten years old, and by the time he turned twenty he had seen Europe’s cultural and scientific growth and wished the same for Russia. From a purely superficial stance, one of Peter’s goals was to adopt the dress and style of 17th century Europe.

Until Peter’s modernization push, a thick, bushy Russian beard was a sign of status; when Peter shaved off his beard in the style of au courant European culture, he passed a resolution that encouraged everyone else to follow in kind.

A beard tax was instituted in 1705: men who wished to keep their beard could pay a tax, otherwise men would have to shave. Men who paid the tax were given a proof-of-payment token to show they had made their payment.

Members of the Boyards received silver beard tax tokens and the lower classes received copper tokens. A counterstrike indicated if additional years had been paid. On one side depicted the double-headed eagle of Russia and the words “payment received”, and the reverse showed a nose, mustache and beard with the words ” The beard is an unnecessary burden”.

The tokens are quite rare today and sell for thousands of dollars each. As one might expect, people interested in keeping their beards without paying the taxes made for a flourishing counterfeit beard token market, so fakes are somewhat common. Then, in later years, the Russian mints began producing “novodel” replica beard tax tokens, which are “official” as they came from the mint but are not original nor from the correct era. If you’d just like the pleasure of carrying one around in your pocket to prove your beardiness, you can buy pewter replicas here.

Soapy Money: Coupon Check Trade Tokens

Last week Wifey and I were hanging out at our local antique mall when a woman came in wanting to sell a Tupperware full of bits and baubles. Among the jewelry and silverware was a small jewelry-sized baggie full of tokens. Although I’m no help when it comes to jewelry, Wifey was glad I was around to evaluate the tokens. As you may have noticed, money and money-like things are one of the things I collect. The baggie held some generic arcade tokens, a nice Sioux City transit token that went into my collection, a few southeast Asia Playboy Club tokens went into Wifey’s collection, but the rest were a variety of trade tokens.

Today, some retailers have gotten all high-tech by distributing deals by texts and the internet, but even paper coupons are barely more than a hundred years old. Coca-Cola is considered the creator of the modern coupon, offering free drinks in hopes of hooking a lifelong customer, and once it proved effective for Coke other products followed suit.

Soap, of all types and uses, was a commonplace product that was just growing in demand in the early 20th century — regular washing and bathing was an uncommon experience until Victorian times — and each new entry into the market needed to elbow its way into people’s kitchens and washrooms. The reason people still watch ‘soap operas’ hails back to one of the most successful soap marketing methods, making Procter and Gamble one of the more successful television production companies today. Coupons for free products, like Coca-Cola’s successful plan, became one of the soap industry’s more successful efforts to get their products into the hands of customers.

The soap coupon tokens I have are also rooted in an earlier type of token: the trade token. Trade tokens were issued by a business, municipality, organization, or other group as a sort of fiat currency. Regular customers could earn a trade token through repeat patronage, or as an encouragement to shop at an institution. They were often marked with the business’ name, and a value in money or product. These were truly tokens, not just coupons, made of metal and sized to be similar to other currencies of the time. People carried them around in their changepurse and used them as currency when applicable. Quite often they were good for fifty or twenty-five cents — a couple dollars in today’s money — at a general store or specialty shop, but you can easily compare a saloon providing trade tokens good for one drink to Coca-Cola’s coupon plan. Trade tokens lasted through the end of the nineteenth century, but slowly faded out at the beginning of the twentieth century.

Coupon tokens did survive in some corners well into the twentieth century, particularly if you remember Sambo’s coffee tokens or Country Kitchen coins. Those soap companies, who offered all sorts of freebies and offers in many different forms, found the greatest value in making coin-shaped coupon tokens. One benefit the soap companies found was that the metal tokens could be easily included in the packages of soaps, which often lived in wet places, without running the risk of damage that a paper coupon might encounter. The tokens also found their way into customers’ hands via mail, and their portability and resilience made them easily pocketable and carried about.

The Palmolive company and James S Kirk Co were the biggest producers of these coupon tokens, mostly during the 1920s. The tokens were often called “coupon checks”, because they had an actual monetary value to the retailer that accepted the coin. Retailers were welcome to accept the tokens if they chose, and could get a banner to show off their participation, but a review of old newspaper ads showed that the attempt to redeem tokens was so common that retailers who didn’t participate said so in their ads, to avoid having to refuse the tokens in the checkout line.

These coupon tokens were mostly aluminum, and some bronze, and they came in a variety of shapes and formats. Some were circles, like their money counterparts, but soap tokens could also be square, rectangle, octagonal, or oblong ovals. Most were on the large side, an inch or more in diameter, and many even had a hole in the middle. The wide variety of shapes and sizes makes for a collection as varied and interesting as any foreign coin collection, and the tokens are surprisingly common. This makes soap coupon tokens a cheap introduction into the art of exonumia, from an antique and unique perspective, without breaking the bank.

Wire Money of Earth and Elsewhere

All I know of A Game of Thrones is that the series, which I cannot watch due to a lack of HBO and/or time to devote, looks totally awesome. As with most stories with a devoted set of followers, the replica-makers come up with some pretty amazing stuff. A small mint has produced a set of Game of Thrones money, and I was particularly taken by the Dothraki Puli. This is a “chain” of coins, minted from a single strip of precious metal and designed to be left together as one piece of money, or cut off smaller denominations as needed. I was surprised to see the note from the maker, which says these coins were based on a Russian coin style that was used for nearly a millennium.

The common method for minting a coin is to start with a planchet or flan. This is a disk of the right size and weight for the intended coin, punched from a rolled-flat sheet of precious metals or cast from a blank mold. The disk is then placed between two dies, and are pressed or pounded to leave an impression of the obverse and reverse on each side of the blank. This tends to be more accurate for creating uniform size and weight of coins, although sometimes in the past the coins were cast with their fronts and reverses from the start, but that varied and depended on the material. Bronze, for instance, was a bit too hard for die striking and were cast entirely.

Beginning around 980AD, minters in Russia came upon a novel method of minting coins. They found that it was easier to control the uniformity of thickness and quality by starting with a wire of the precious metal, then cut it into lengths of the right weight, and then strike the coin from those wire chunks. Although the wire was flattened before the die striking, it gave the ‘wire money’ a unique look, oblong with obvious blunt ends were the wire had been cut off. This unique shape earned these coins the name ‘fish scales’ in the Russian language. The simplicity of the process kept it in use until the 17th century and the introduction of modern minting processes, and the last of these coins were made in the early 1700s.

You’ll note that this is quite a bit different than the fanciful Game of Thrones coins above, which retained their wire-like form. Actual minters and financiers would realize a large flaw in the Thrones money quite readily if it were ever used in practice. The weight of a coin in precious metals is something that requires uniformity to ensure that the coin can be trusted to be an accurate payment. “Reeded” edges on coins are designed to foil coin-shavers, people who cut off small amounts off the edges of coins to collect the precious metal and then spend the now-smaller coins at face value. Now, take a look at the Game of Thrones coins. If you were to pull out your string of wire money, you could snip off the requested denomination slightly smaller than needed, and hope that the merchant doesn’t check the weight. Then, you take the extra-long end you just made, and trim it off a little smaller than it should be, too. Do that enough, you get to keep a bunch of the copper or silver while shortchanging the people you do business with. Even the ‘pieces of eight’ were not commonly actually cut into eight pieces, at least not in common money dealings. I suppose, on far-off Westeros, they may have a different way of dealing with these fancy currency, but here on Earth we’re less trusting of hand-cut coins. Although the Shire Post website doesn’t currently have any of their wire coins for sale, real antique Russian wire coins are actually quite plentiful, and can be purchased many places for just a few dollars each.