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Kevin Leab's Blog

20 Feb 2021

Pioneers in Numismatic Publications Pt.2

| Kevin Leab

Mr Wayte Raymond (1886-1956) ANA member#396..Just a brief history of this man....A Connecticut native and son of a brush manufacturer Mr Raymond was one of the great pioneers in Numismatic history.....In his early life he worked as a bank teller (1901-1912) and admired the old money that he handled every day and that sparked his interest in collecting coins. During his time as a bank teller he joined the ANA in 1902 becoming member #396. During his youth he also started taking out ads in The Numismatist selling English silver pennies. He continued placing ads in The Numismatist with offers of buying and selling English and United States coinage. Mr Raymonds first known fixed price list appeared in the February 1908 issue of The Numismatist. In September of 1912 he quit his position as bank teller and started The United States Coin Company and became a full time coin dealer at 200 5th Avenue, New York City. In 1917 he married Olga Osterholm and were congratulated by the ANA in the October 1917 issue of The Numismatist. It wasn't until 1935 that he began publishing price guides for US coins for collectors. He had many other price guides before these but they were all geared towards Ancient and Roman coins and US Gold coins. These "new" price guides called "Standard Premium List of United States and Early American Coins" and "Standard Price List of United States Coins"....These were very popular among collectors at that time. These books eventually became the "Standard Catalog of United States Coins" which were hardback books and released every year. He wrote many price lists, auction catalogs and books, way too many to be listed here. He hired many people to help him with his work through the years including a man by the name of Walter Breen, who he sent to the National Archives, the US Mint and the Library of Congress to do Numismatic research from the original sources...Breen wasn't paid until the project was done. In 1952, Mr Raymond was awarded the 50 year Medal from the ANA...something that all of us would love to achieve.Mr Raymond passed away in September of 1956 and is buried in Rowayton, Connecticut without fanfare and marked by a humble unkept tombstone. He will however be greatly remembered in our Numismatic community as a great pioneer of our "hobby". Thank you Mr Raymond

Comments

CentSearcher

Level 5

Whenever I need a price, I look at the redbook or some other resource. Imagine having to create a complete price guide for all US coins from scratch! Truly a remarkable man. Thanks for sharing!

Kevin Leab

Level 4

You're very welcome! It must have took a very long time to put it together.

TheNumisMaster

Level 5

Interesting! Thanks for putting this out there!

Kevin Leab

Level 4

You're welcome!

The gravestone got me wondering: Has any great collectors ever been buried with any of their prized pieces?

Kevin Leab

Level 4

Thats a good question....although I don't have an answer for you...haha

Kepi

Level 6

What a great story! Thank you for writing about this great man. ; )

Stumpy

Level 5

Thank you for passing on the history of this early period. Amazingly, I had never heard of him, excellent blog and thank you again. Later!

I. R. Bama

Level 5

And thank you, Kevin for telling us about him! I had not heard of him. We should never lose track of our history.

Kevin Leab

Level 4

Thank you guys!! I plan on, well hopefully, plan on doing a blog maybe once or twice a week....as long as time allows.

Mr. B Coins

Level 4

You have a way of making the history of our hobby come to life. As my wife would say "If you can make a numismatist sound interesting, you are a good writer." Good job. Thank you, Mr. B

Golfer

Level 5

50 years with the ANA, and numismatics. What a great career and life. Thanks for posting. Nice to hear about the great people in numismatics. He had a great story.

Longstrider

Level 6

Another giant in our hobby. I learned a lot from this. Thanks.

Mike

Level 7

Sounds like a man with a deep passion for his work with coins.. He must of known his coins very well and shared it with us all. A devotion to his work. I wish I saw his books. They must be great. The prices. The articles . Must all be fantastic.. I would of liked to meet this man and pick his brain. . Thanks for bringing this man's knowledge to us. . We do have a fifth year member with us now. Another great man. They know about coins they studied coins we never saw. Thanks again. I will remember his name..

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