Researchers at McMaster University in Hamilton have launched a research project in which nuclear radiation is used to identify changes in metal content among ancient Greek and Roman coins held in a world-class collection amassed at the university since the 1940s.

By probing the metal content of coins exchanged thousands of years ago in Mediterranean Europe, the scientists have discovered a new way to map ancient trade patterns, to retrace economic ups and downs at the dawn of Western Civilization and even to shed new light on the collapse of the Roman Empire.

“As we determine what the coins are made of, we are then able to reconstruct ancient trade routes, understand the development of economies and even determine the extent of counterfeiting,” McMaster archeologist Dr.Spencer Pope states in a project summary issued Tuesday. “This research will help us link the archeological to the historical to understand how we, as a society, got to where we are today.”

A joint project between the university’s classics department and its department of medical physics and applied radiation sciences, the ancient coin initiative involves x-ray analysis and a “proton microprobe” to determine how much silver, bronze or gold is contained in each piece of money.

“We use multiple systems to look for a number of metals — gold, copper, silver — present in the outer layer of the coins,” said radiation scientist Michael Farquharson. “Then we use the McMaster Nuclear Reactor to penetrate deeper into the coin to determine whether or not the coin was plated with a different material than it was actually made of.”

“For the Roman period, there are many crises that can be recognized in the numismatic record,” said Pope, describing one “budget crunch” during Punic Wars of the 3rd century B.C., when Rome was battling Carthage — centred in present-day Tunisia — for control of the Mediterranean world.

“We can see metal coins begin to have more base metal — junk metal — added to ‘debase’ the coins,” he noted. “As Rome and other cities fall into crises and get into economic trouble, more bronze coins appear (rather than silver), and even these are diluted by tin or lead.” So far, about 20 coins have undergone this “deep probe”. (more…)

More than 100 Orange County California bank notes from the collection of the late William (“Willie”) Pannier will be among the highlights of the pre-Long Beach Expo auction to be conducted by Ira & Larry Goldberg Coins and Collectibles in Beverly Hills, California, January 31 – February 2, 2011.

“These historic, Southern California large and small-size notes have been off the market for decades in his collection. There are several unique and serial number one examples,” said Larry Goldberg, partner with his cousin, Ira, in the auction firm.

Photo Caption: The First National Bank of Santa Ana, 1902 $10 Red Seal, PCGS Currency VG10, unique, the only known Red Seal from Orange County California, is one of the highlights of the William Pannier Collection to be offered in an auction by Ira & Larry Goldberg Coins & Collectibles, January 31 – February 2, 2011. Photo credit: Lyle Engelson for Ira & Larry Goldberg Coins & Collectibles

Pannier, who died in August at the age of 66, was the long-time owner of Fullerton Coin & Stamp Company, the oldest coin and stamp store in Orange County California. Well-known collector and real estate developer Dwight Manley worked at the shop on weekends as a teenager, and considers Pannier a beloved numismatic mentor.

Pannier began collecting silver certificate notes in the late 1960s and then became interested in Orange County currency, according to his brother David.
“We were second generation Orange County residents. Orange County was in our roots. Some of the notes were displayed at the store, but he kept the more pricey things at home. He always tried to upgrade the notes or get a lower serial number for his collection,” David Pannier recalled.

Highlights of the Orange County California bank notes in the Goldberg’s auction include:

• The First National Bank of Fullerton, 1882 $10 Value Back, graded PCGS Currency VF30, the finest of only three known Value Backs from the entire county;

• The Farmers & Merchants National Bank of Santa Ana, 1902 $20 Date Back, PCGS Currency VF20PPQ, one of only four known from the bank; (more…)

OLYMPIA, WA. November, 2010 — Lovers of classical Rome along with legions of coin collectors helped drive 2005’s “Encyclopedia of Roman Imperial Coins” to an unlikely Top Ten position in the most sought after out-of-print books in America according to Bookfinder.com the news of which was then brought to national attention in an article in the Christian Science Monitor. These fans were pleased when noted numismatist Rasiel Suarez announced the availability of the long-awaited second edition just days later.

Customers who had been on the preorder queue, many for several months, were instantly impressed with the heft and sheer beauty of the book which tips the scales at just short of ten pounds. Amazon and Facebook fan page reviews continued praise in monolothic response with the common denominator being the breathtaking scope of the information covered and the eye candy of so many thousands of rare coins reproduced in high resolution color photography; a welcome departure from the customary fuzzy gray images otherwise so prevalent in numismatic literature.

The sizzle may sell but ultimately it’s the steak that feeds. ERIC II’s content catalogues a dizzying 60,000+ coin varieties far outclassing all previous Roman reference works in this critical metric then adds current market pricing and rarity data in an innovative approach that is considerably more accurate than the vague price guides published up until now.

Besides the text dealing directly with the coinage, the author has crammed every nook and cranny with biographical and historical notes relevant to each of the reigns. Even in this capacity, where photographs are not essential, the author nevertheless spares no opportunity to include even more of them in a bid to make each of its almost 300 sections a tidy, self-contained database of all the knowledge pertinent to that domain thus earning it the encyclopedia status of its namesake title.

First printing limited to 3,000 units, $149.95. Autographed and numbered copies of ERIC II: The Encyclopedia of Roman Imperial Coins may be ordered from the publisher’s website at dirtyoldbooks.com

About the Author

Rasiel Suarez is owner and co-founder of Dirty Old Coins, LLC, a company founded in 2002 with the vision of bringing the hobby of ancient coin collecting to a broad demographic largely unaware that owning genuine ancient coins was both possible and affordable. 2005 saw the release of his first book, The Encyclopedia of Roman Imperial Coins, which broke new ground in making the subject much more accessible to those entering the hobby.

By 2007 the company had sold over one million Roman coins by way of retail-ready coin kits that taught thousands of families how to restore these ancient artifacts using the same methods museums use. His success as an author and recognized expert in the field of Roman numismatics was cemented by the release of the second edition of his Encyclopedia in the Fall of 2010. An avid traveler and photographer, Rasiel lives with his family in Olympia, Washington.