News

IBNS Journal 65-2

includes articles on The Clyde Camp Roberry of 1870; Economists on Banknotes; Virtual Museum of Guatemalan Notaphily; Banknote Design & Printing 150 Years Ago; Paper Money in Spanish Provinces.

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Hall of Fame

Imagine a world without a world paper money catalogue, with no specialist paper money dealers, no shows featuring foreign paper money, and certainly no internet to instantly link collectors and dealers across the globe. That barren scene was the world of 50 years ago. But scattered across Europe, North America and Asia were men and women who were fascinated by the paper money that had become the main medium of exchange in the 20th century, replacing the coins that has been the staple of exchange for more than two millennia. Some of these early collectors were in contact with each other; others were not. However, efforts by them and others like them over the past half a century have seen the hobby of collecting world paper money grow from being a minor offshoot of coin collecting into the substantial branch of numismatics it is today.

The International Bank Note Society takes this opportunity to recognize these pioneers of the hobby. The IBNS Board determined to establish a Hall of Fame to honor these men and women. The process, it was hoped, would foster an appreciation of the historical development of the pastime we all follow with varying levels of passion.

The first selection of inductees to the Hall of Fame was made in 2010. The inaugural inductees into the IBNS Hall of Fame, in alphabetical order, are: Yasha Beresiner, Joseph Boling, Michael Crabb, Ruth Hill, Dr. Arnold Keller, King On Mao, Colin Narbeth, Dr. Albert Pick and Neil Shafer. They helped lay the foundations on which the hobby is built. As world paper money collecting is a relatively new pastime, especially when compared with coin or stamp collecting, many of the hobby’s earliest champions and benefactors are still with us. Sadly, some are not.

Several of those being honored this year were instrumental in the formation of IBNS, without which the hobby would be far poorer today. Others contributed through the spread of knowledge of banknotes to fellow collectors through books and catalogues. Some have helped build the institutional structure that underpins the hobby and enables collectors to meet and trade. All have given greatly of their time and effort and have earned the lasting gratitude of fellow collectors.

The IBNS Board has selected three individuals to join the Hall of Fame for 2011: author and broadcaster Gene Hessler, leading dealer and researcher Mel Steinberg and dealer and publisher Pam West. Together they represent major influences on our hobby in recent decades.

Following is a very brief outline of the work of the induces to the IBNS Hall of Fame. The year mentioned relates to when they were inaugurated into the IBNS Hall of Fame



Rezwan Razack (2024)

Dr. Rezwan Razack started collecting Indian Paper Money as his childhood hobby. Over the past nearly 60 years, he accomplished a specialized collection comprising of one note of each variety of Paper Money pertaining to India since inception to the present.

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Clyde Reedy (2021)

New York native Clyde Reedy was a graduate of the Massachusetts Institute of Technology, earning a degree in engineering. He later joined the United States Army, serving with the Corps of Engineers until his retirement twenty-five years later.

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Chester “Chet” Krause (2019)

Chet Krause was a pioneer in numismatics whose vision transformed the field of world paper money collecting. Best known as the founder of Krause Publications, from the beginning he demonstrated a remarkable understanding of collectors and their needs.

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William H. Stickles (2018)

William H. Stickles, (1915-2001), was charter member 97 of the IBNS. His collecting specialties were notes of Africa and memorabilia of the French Foreign Legion. He served in the US Army 1941-1969, retiring in the grade of sergeant-major. He served the IBNS as corresponding secretary 1971-1973 and as treasurer 1974-1993. In March 1993 he was installed as the Society’s third Honorary Director for Life.

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Kenneth Graeber (2018)

Born in Lawrence, Kansas, Kenneth Graeber was a pioneering numismatic author and the foremost authority on the local monetary issues of the Spanish Civil War. A commercial printer by trade, Graeber volunteered with the International Brigades during the Spanish Civil War. Serving as an ambulance driver for the Republicans from 1937 to 1938, he traveled extensively, treating the wounded and collecting small pieces of local currency ("vales") from the towns he passed through. He later served in the Merchant Marine during World War II.

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George J Sten (2017)

was without doubt a true pioneer in the study of world paper money. His single-volume Encyclopedia of World Paper Money published in 1965 was a tremendous step forward into the understanding of what it was to collect world currencies.

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Howard Daniel III (2017)

is a most notable numismatic researcher and ambassador, specializing in the the currencies of Southeast Asia.  Always willing to share his time and knowledge with anyone he has for many years focused on attracting young members into the hobby. 

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Trevor Wilkin (2016)

Trevor Wilkin from Australia has been described as “one of the most interesting, most knowledgeable and most trustworthy banknote dealers in the world.” His banknote expertise and historical perspective are refreshing and always spot on accurate.

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John Sandrock (2015)

John Sandrock (Charter Member 0026) from the United States of America was a pioneer in the hobby of paper money collecting and his devotion was stellar.

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Jimmie Lawrence (2015)

An extraordinary banknote collector from Johannesburg, South Africa, he helped found the IBNS in 1961 and served as one if its early presidents for almost a decade.

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Arthur C "Art" Matz (2014)

Charter Member of IBNS #0022-C, Art is nominated for his long work in running the Latin America Paper Money Society (LANSA), founded in 1973.

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Weldon D. "Burt" Burson (2014)

The very epitome of a world banknote collecting legend, Weldon did what no one else was capable of doing by physically handling, conserving and bringing order to the most challenging monetary union in the world, West African States.

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Dwight Musser (2012)

Dwight Musser was a pioneer working in the late 1950s and early 1960s especially with notgeld and other kinds of notes aimed at getting collectors interested.

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Gene Hessler (2011)

Gene Hessler, the author of five major books on paper money, an award winning author of more than 350 articles on numismatics and a well-known broadcaster and lecturer on the topic.

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Pam West (2011)

Pam West is a paper money dealer, publisher of award-winning books on paper money, entrepreneur and for 30 years the driving force behind the London Chapter of the IBNS.

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Joseph Boling (2010)

Joseph Boling has devoted much of his life to collecting and a large part of his retirement years to the services of numismatics as an author and an indefatigable administrator.

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Ruth Hill (2010)

Ruth Hill, or Mrs. Adolf B. Hill Jr. III as she liked her letters to be addressed, was the grand old lady of paper money collecting in North America.

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Arnold Keller (2010)

Arnold Keller can rightly be called the father of modern paper money catalogues. He was born in Germany in 1897 and began collecting paper money around the age of 14.

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Albert Pick (2010)

Albert Pick is internationally recognized as the author of the first comprehensive catalogue of world banknotes and is widely credited with establishing the modern face of banknote collecting.

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Joel Shafer (2021)

Joel joined the IBNS as a teenage “Young Numismatist” and attended the second annual International Paper Money show in Memphis in 1978. Beginning as a collector of paper money, he later became a highly respected dealer as well. For the last two decades he has helped to lead the world paper money division of Lyn Knight Currency Auctions.

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Gary Snover (2020)

Gary Snover is one of the true pioneers of world banknote collecting in the United States and a longtime pillar of the International Bank Note Society. He began a part-time banknote mail-order business in 1966 while still working as a cancer technician at the California State Hospital, and by 1978 had become a full-time dealer devoted to building great world banknote collections. More than half a century later, he remains active, bringing the same enthusiasm, warmth, and professionalism that have defined his career.

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Arnoldo Efron (2019)

Arnoldo Efron is a pioneering figure in numismatics who has dedicated over sixty years to the study and documentation of world currencies and banknotes. A native of Argentina, Efron is the founder and head of the Houston, Texas-based Monetary Research Institute and a Life Member of the International Bank Note Society.

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Carlton “Fred” Schwan (2018)

Carlton Frederick "Fred" Schwan of Port Clinton, Ohio, is widely regarded as the preeminent authority on military-related paper money and numismatics. Born and raised in Port Clinton, Fred earned a Master of Science degree from Bowling Green University in 1974 while serving on active duty in the U.S. Army (1969–1989)and retired at the rank of Major.

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Michel Becuwe (2018)

Michel Becuwe was a distinguished collector and researcher of world paper money whose influence on the study of French colonial banknotes was profound. A dedicated numismatist for half a century, he built one of the most important banknote collections in the world, with the sections devoted to the former French colonies regarded as truly exceptional.

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Michael Vort-Ronald (2017)

has written and self-published numerous books on Australian banknotes and related items. He also established the only private Banking and Currency Museum in Australia which operated from 1988 to 2008 and won ten regional tourism awards.

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Ward D. Smith (2016)

Elected to the IBNS Hall of Fame in the Pioneer Category is deceased member Ward D. Smith from California. He was a very early and eminent researcher and collector of Chinese paper money.

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Milan Alusic (2016)

Milan Alusic died in 2015 at age 90 as IBNS Secretary Emeritus and Director for Life. He was one of the last of a core group of numismatists from Racine, Wisconsin,

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Milt Blackburn (2015)

Milt Blackburn (Life Member 18) from British Columbia, Canada is best described as a true “gentleman” and has been a highly respected banknote dealer for over 30 years.

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Fred Philipson (2014)
Fred Philipson was sometimes called “a father of English paper money collecting.” Fred was with the IBNS at its inception.
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Amon G Carter Jr. (2014)
A worldwide banknote collector of legendary magnitude who was IBNS Life Member #5, Amon Carter’s continuing impact on world banknote collecting cannot be overstated.
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Peter Symes (2012)

Peter Symes has been a prolific contributor to the Journal for 10 years, in addition to editing the Journal between 2008 and 2010 and being IBNS President twice between 2005 to 2012.

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Dr. Walter Loeb (2012)

Dr. Walter Loeb was the co-founder of the IBNS and its first president, then Vice-President until his death in 1968.

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Mel Steinberg (2011)

Mel Steinberg, who passed away October 2010, was among the major world paper money dealers for more
than 30 years.

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Yasha Beresiner (2010)

A lawyer by training and a dealer in collectables by choice, Yasha was an early member of IBNS (he is Life Member No. 2), founder of the Latin American Paper Money Society, a past director of IBNS and editor of The IBNS Journal for several years in the early 1970s.

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Mike Crabb (2010)

Mike Crabb was the innovator and long-time chairman of the International Paper Money Show in Memphis, the main meeting place for the hobby in North America for more than 30 years.

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King On Mao (2010)

King On Mao, whose books published in English on Chinese paper money helped open the door to non-Chinese collectors of this vast area of world paper money, has been described as “a gentleman and a rogue.”

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Colin Narbeth (2010)

Colin Narbeth, IBNS Life Member No. 1, was the founder of the IBNS in 1961. More than 50 years ago, Colin was one of the few enthusiasts scattered around the globe who were devoted to the collection of world paper money.

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Neil Shafer (2010)

Neil Shafer has added immensely to the paper money hobby through his work in developing the Standard Catalogue of World Paper Money

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