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An Interview

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     Mr. Ron Wise is an administrative assistant at the Division of Diversity, Equity and Inclusion at Indiana University-Purdue University Indianapolis.  We found an article in a newspaper about him and had more questions than the article answered.  Mr. Wise is a paper money collector and has over 10,000 bills in his collection.  The article said that he began collecting bills in 1980 when he was 24 years old. We wondered if, like us, he was interested in coins when he was younger.  We also wondered if money collecting is a hobby that we will be interested in when we get older.
    After a search on the Internet, we were lucky enough to find Mr. Wise’s email address so that we could ask him some questions about his collection, how he stores it, and how he treats images of money on his website (a problem we had).

Our Interview

Question: We read that you started collecting cash in 1980. Did you ever collect coins or, as a child were you interested in collecting anything?

Answer: I started out collecting coins. One day when I was very young (probably 10 or 11 years old), I received an Indian Head penny in change. Up until that time, I hadn't really given any thought to coins or that they might have differences from one another. After that I started collecting pennies through 50 cent pieces. When I joined the Army, traveling with a lot of coins wasn't practical, so I disposed of my collection. While stationed in Germany, I became interested in foreign paper money. Because paper money is relatively light and compact, it was much better suited to my mobile lifestyle.

Question:  What steps did you follow to actually start your collection? We could use some advice for kids who are just starting with a limited amount of cash to fund a collection.

Answer:  Well, I started with what I could afford, which wasn't much. I also visited local coin shops and coin shows and looked in "junk" boxes for new items. Many times, coins and banknotes can be acquired from friends and family who have traveled overseas. Many people when they come back from vacations, just throw their acquired coins or banknotes into an old box and forget about them. Many people will also be more than happy to bring back coins and banknotes from their travels if you ask them.

Question: Now that you have an established collection, how do you store or display it?

Answer:  For my coin collection, there are well established companies that provide inexpensive albums. For banknotes, I started out with three holder plastic pages. I have since switched to individual plastic sleeves that I can store in Rubbermaid clothes storage boxes (I can put a lot of sleeves in the boxes, they are cheap and I can stack them). All plastic pages/holders should be archive quality when storing coins or banknotes (PVC free). PVC's will eventually release an oily residue that turns coins green and makes banknotes look like they were actually soaked in oil.

Question: We ran into a notice about publishing pictures of bank notes that said that U.S. dollars can be displayed online in black and white. We ran into the same problem with English dollars. On your website, we noticed that you specify that any digital photos of money need to be dollars that you personally own. Is that all you need to do to put them online? This is just curiosity because when we found out the rule, we deleted all of our pictures of paper money thinking it was more trouble than it was worth.

Answer:  The rule of thumb is that the images must be greater than 150% of actual size or 75% of actual size. One side only and preferably in b&w. Now that is for PRINTED materials. I had two secret service agents visit me when I was displaying U.S. currency. They informed me that because the images were digital and could be resized and/or colorized, I must remove ALL modern U.S. currency images from my website. Several foreign countries have contacted me (Canada, England, Turkey, European Union, etc.) and stated that they are the copyright holders of their banknotes and do not authorize any reproduction for the internet. My rule of thumb has always been, I just post them until I am requested to remove them. 90% of the countries do not seem to care, as long as the images aren't of extremely high quality.


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Back to Coin Collecting
This page explains what you need to start a collection.

 

Click here for a printable page

 

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U.S. Mint children's coin collecting

 

Citation divider

“Currency fits the bill as souvenir.”  Sunday Star Ledger.  22 Feb 2009.  (newspaper)

Wise, Ronald.  Email interview.  18 Mar 2009 for Smart Piggy team.  (Bank note collector)

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Logo, buttons, links, printable page, jumping pig, and citation graphics were made by team members.
Animated pig was found in Web Animation Explosion, a graphics program we own.
 

 

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