Waldo C. Newcomer was born in Baltimore on September 14, 1867 and died on June 29, 1934. He was a graduate of the Johns Hopkins University in 1889. Newcomer and his wife Margaret had three children. He was employed as a clerk with the Baltimore Storage and Lighterage company and later with Atlantic Transport. Newcomer was president of the National Exchange Bank from 1906 until 1924, also serving important positions with other banks and also railroads. Part of his collection was stolen in 1913 by an electrician who had installed a burglar alarm in his home. Included in his collection were two Brasher Doubloons, a Lima Style Doubloon and a New York Style with punch on the wing.