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Update- Looks great framed! Really cool pickup at the ANA courtesy of Fred Weinberg

cmerlo1cmerlo1 Posts: 7,943 ✭✭✭✭✭
edited August 19, 2021 4:20PM in U.S. Coin Forum

I found myself at Fred's table last week marvelling at the errors he had. Also in his case was this strip of webbing from steel cent production in 1943. Along with webbing was the envelope and letter that accompanied it from numismatist Gary Young from Oakland, who had purchased some of the scrap webbing and sold it to collectors. The webbing is stamped with the number 236, and the envelope and letter are as well. I remember posts here about this, and since then I've wanted a piece of the scrap webbing. The price was right, so I bought it, and it will be getting framed with the letter and envelope soon (I'll post a photo when it's done). Thank you, Fred, it was great doing business with you!

You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.

Comments

  • remumcremumc Posts: 1,274 ✭✭✭

    Wow, that's way cool!

    Regards,

    Wayne

    www.waynedriskillminiatures.com
  • Steven59Steven59 Posts: 9,868 ✭✭✭✭✭

    Nice piece of Lincoln cent history.

    "When they can't find anything wrong with you, they create it!"

  • LakesammmanLakesammman Posts: 17,443 ✭✭✭✭✭

    Nice pickup - and update on the history of recycling! :D

    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • NumisOxideNumisOxide Posts: 10,997 ✭✭✭✭✭

    Very cool steel cent webbing!

  • JBKJBK Posts: 16,240 ✭✭✭✭✭

    Great item.

    I was particularly interested in a couple things in the letter.

    First, the letter days that when production of steel cents ended the scrap and blank planchets were dumped into the Pacific ocean since they supposedly had no scrap value. I find this odd since during the ear there were scrap drives if all kinds, including metals.

    Second, the letter describes the SF Assay Office refining gold to licensed jewelry manufacturers. They were one if the few entities that could own gold bullion between 1933 and the mid 1970s.

  • oih82w8oih82w8 Posts: 12,511 ✭✭✭✭✭
    edited August 17, 2021 4:57AM

    @JBK said:
    Great item.

    I was particularly interested in a couple things in the letter.

    First, the letter days that when production of steel cents ended the scrap and blank planchets were dumped into the Pacific ocean since they supposedly had no scrap value. I find this odd since during the ear there were scrap drives if all kinds, including metals.

    Second, the letter describes the SF Assay Office refining gold to licensed jewelry manufacturers. They were one if the few entities that could own gold bullion between 1933 and the mid 1970s.

    How long was the Statute of Limitations.on "dumping into the ocean? Does anyone know of remnants still in the ocean, or has someone salvaged some of it?

    Cool piece of history none the less! I remember someone who had a rather lengthy strip of Zinc Plated Steel, but this one is certainly more manageable and documentation to attest to it!

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

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  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Nice piece of numismatic history. Surprised about the scrap operation... seems the steel would have been reclaimed for the war effort or manufacturing operations of some sort. Cheers, RickO

  • sellitstoresellitstore Posts: 3,053 ✭✭✭✭✭

    Probably no Statute of Limitation for ocean dumping at the time and probably not for the U.S. Govt.

    Zinc is very reactive, probably little or none left at ocean bottom today. Even if still there, insufficient value to justify salvage.

    If you want a treasure hunt, better chance of recovering a Stella from a California landfill. ;)

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • JBKJBK Posts: 16,240 ✭✭✭✭✭

    @oih82w8 said:

    @JBK said:
    Great item.

    I was particularly interested in a couple things in the letter.

    First, the letter days that when production of steel cents ended the scrap and blank planchets were dumped into the Pacific ocean since they supposedly had no scrap value. I find this odd since during the ear there were scrap drives if all kinds, including metals.

    Second, the letter describes the SF Assay Office refining gold to licensed jewelry manufacturers. They were one if the few entities that could own gold bullion between 1933 and the mid 1970s.

    How long was the Statute of Limitations.on "dumping into the ocean? Does anyone know of remnants still in the ocean, or has someone salvaged some of it?

    Cool piece of history none the less! I remember someone who had a rather lengthy strip of Zinc Plated Steel, but this one is certainly more manageable and documentation to attest to it!

    Steel in salt water....I imagine its just a pile of rust by now, unless coral decided to use it as a framework.

    I was wondering if steel cents got the zinc plating after striking or if the strip was plated, meaning exposed edges. I guess the zinc was used on the strip?

    I always thought it was ironic that during WWII zinc was used to protect the steel cent, but now the copper plating serves to protect the unstable zinc core.

    I guess times were simpler back then. :)

  • FredWeinbergFredWeinberg Posts: 5,913 ✭✭✭✭✭

    Sellitstore - I resemble that last sentence !

    Retired Collector & Dealer in Major Mint Error Coins & Currency since the 1960's.Co-Author of Whitman's "100 Greatest U.S. Mint Error Coins", and the Error Coin Encyclopedia, Vols., III & IV. Retired Authenticator for Major Mint Errors for PCGS. A 50+ Year PNG Member.A full-time numismatist since 1972, retired in 2022.
  • shortnockshortnock Posts: 427 ✭✭✭

    Fine acquisition. Will frame up nicely for your Merlo Cave.

  • air4mdcair4mdc Posts: 938 ✭✭✭✭✭

    What a great read....and a great find from Fred. Thank you for sharing. I had the fond pleasure of wishing Fred well in retirement, in person last week. I’m hoping to secure one of his pieces in the upcoming Heritage auctions. I have been a big fan of error coins since a child searching his paper route money.
    Where did the years go?

  • bolivarshagnastybolivarshagnasty Posts: 7,352 ✭✭✭✭✭

    That is a great display!

  • happycollectinghappycollecting Posts: 264 ✭✭✭✭

    Nice display.

  • FlatwoodsFlatwoods Posts: 4,246 ✭✭✭✭✭

    Very cool piece!
    I need to frame a couple things.

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    Very nice!

  • gumby1234gumby1234 Posts: 5,663 ✭✭✭✭✭

    Probably cost more to frame it than to buy it. Looks nice.
    Ok i keep hearing about how @FredWeinberg threw away a $4 gold Stella. Does anybody want to share the whole story on that?

    Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM

  • cmerlo1cmerlo1 Posts: 7,943 ✭✭✭✭✭
    edited August 19, 2021 6:13PM

    @gumby1234 said:
    Probably cost more to frame it than to buy it. Looks nice.
    Ok i keep hearing about how @FredWeinberg threw away a $4 gold Stella. Does anybody want to share the whole story on that?

    I do my own framing. A good mat cutter costs about as much as one custom framing job, and mine has paid for itself many, many times over. The only issue is that I'm running out of wall space.

    I buy my frames at Goodwill. They usually have some terrible artwork in them, but they're top quality and what's in them is easily removed. Mat board can be had at Hobby Lobby. Total cost for this display was under $20.

    You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
  • That's a hell of a historical display! Congrats!

  • thebeavthebeav Posts: 3,874 ✭✭✭✭✭

    That's a beautiful job.
    What a great educational tool for the non-numismatist !
    You're sure to have years of discussion about it and surrounding history.

  • gumby1234gumby1234 Posts: 5,663 ✭✭✭✭✭

    Well frames and the matting is usually expensive.

    Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM

  • Steven59Steven59 Posts: 9,868 ✭✭✭✭✭

    You did a fantastic job. Looks like it should be hanging in a museum!

    "When they can't find anything wrong with you, they create it!"

  • KliaoKliao Posts: 5,642 ✭✭✭✭✭

    Really neat piece and fantastic display. Congrats!

    Collector
    87 Positive BST transactions buying and selling with 53 members and counting!
    instagram.com/klnumismatics

  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭

    @gumby1234 said:
    Probably cost more to frame it than to buy it. Looks nice.
    Ok i keep hearing about how @FredWeinberg threw away a $4 gold Stella. Does anybody want to share the whole story on that?

    I think the coin was in a box or envelope that inadvertently got thrown away. I'm sure Mr. Weinberg loves being reminded of it every time it gets reposted here, although I think he said he's at peace with it now.

  • gumby1234gumby1234 Posts: 5,663 ✭✭✭✭✭

    @Coinjunkie Thanks, I was wondering because in the last month or so I had heard mention of it at least 5 times.

    Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM

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