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Dad and I in front of a plaque on Littleton's Opera Block
commemorating the site where our company began
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Celebrating the life of Maynard Sundman
My father,
Maynard Sundman, who founded Littleton Coin Company with my mother,
Fannie, more than 60 years ago, passed away on October 31, 2007,
at the age of 92. First dealing in stamps, and later in coins, Dad
leaves an enduring legacy in the collecting community for introducing
many thousands of new coin and stamp enthusiasts to the hobby. On
a personal basis, he is lovingly remembered by his family, friends
and employees for his kindness, consideration and generosity.
A
memorial service in celebration of his life was held on November
10, 2007, at Littleton's First Congregational Church, led by Pastor
Edward E. Lopeman and attended by a large gathering of my father's
friends, neighbors and family - including Dad's second wife Dorothy
and her children. I was honored, along with my brothers Rick and
Don, as well as other family members and friends, to say a few words
about this man who set a wonderful example as a father, neighbor
and employer.
The importance of trust in my father's life was noted
in remembrances. Dad earned immediate and complete trust from his
first stamp supplier and backer, the late H. E. Harris of Boston,
and was given carte blanche access to the Harris inventory with
an unlimited line of credit. Mr. Harris's trust was soon rewarded,
and before long he saluted my father's enterprise for "the
greatest rate of growth in the history of the stamp business." Dad
also believed in surrounding himself with capable people and trusting
them to do the right things for the company. Of course, he also
trusted his customers, sending out hundreds of millions of dollars
worth of stamps and coins "on approval" to collectors
nationwide, so they could select the items they wanted to purchase
in the comfort of their homes.
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A mid-1950s photo of my father at
his desk in the Opera Block
office
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My father was always reading and
learning, and he loved passing on to others what he recently had
learned or discovered. Innovation was a major key to his success,
and he was never reluctant to try new approaches and new ways to
serve collectors. His dedication to personalized service was legendary.
Our good friend Q. David Bowers, co-chairman of the prominent New
York coin dealer Stack's, commended Dad's dedication to his customers
- noting that it's one thing to be successful in business, but quite
another to be successful in the competitive collecting trade.
My
father was successful, but he lived modestly, and he viewed "success" as
simply having the means to care for family and to help others. His
quiet generosity to a great many community projects and charitable
causes has been mentioned frequently in recent accounts of his life.
Dad loved the collecting hobby and the business, and never considered
coming to the office to be a day of work. It was simply doing what
he loved to do, and he never stopped working at the office and from
his home. My family and staff will miss my father greatly, but his
life and accomplishments will always be an inspiration to us.
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The historic Berlin NH National Bank on
Post Office Square in 1892
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This very scarce $5 Brown Back note
from the Berlin National
Bank is
one of only three known to exist
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I recently found this interesting photo from 1892 showing the new building of the Berlin (NH) National Bank that opened
in 1892 on Post Office Square. By the gathered crowd in the photo,
I am guessing this was opening day. The Post Office was located
in the office to the right, leasing space from the bank. On the
2nd floor, offices were rented out, and a clubroom for the Maynesboro
Club was located on the top floor. Fellow New Hampshire numismatist
Q. David Bowers and I have been working for a number of years on
a history of paper currency in New Hampshire, and I purchased the
photo of the bank to use in that book. The $5 Brown Back note shown
is from a private collection and is very scarce. Only 3 Brown Backs
from this bank have been reported to exist, with all 14 other known
large-size
notes from this bank being the later 1902 Date Back and
Plain Back series.
In 1892, the population of Berlin was around
3,000 people and the dominant business was the Berlin Mills, a paper
company. The mill changed its name to Brown Company during World
War I, when German names like Berlin were not popular. Interestingly,
the city never changed its name. The signers of the illustrated
$5 note were the founding cashier Albert H. Eastman, and founding
president Alfred R. Evans. Berlin remained a paper mill town until
quite recently. With the sale of the mills by the Brown Company
several years ago, it is a town in transition. Berlin's population
is now less than 10,000 - down from a high of more than 30,000 when
the paper mills were at their peak. It's located about 42 miles
east of Littleton.
Collecting National Bank Notes is great fun,
and they can be collected many different ways. Some people collect
notes from their own town, county or state. Others collect notes
from towns they like the sound of, such as David City, Nebraska,
which I happen to like! If your name is Peter, you might like to
collect notes from every town that contains "Peter" in
its name, such as Petersburg, Virginia, and Peterborough, New Hampshire.
Still others collect one of every type of national issued, regardless
of geographic location. An interesting state and territory collection
can be built, given the time and budget. Many National Bank Notes
are quite scarce, with more than 100 notes in existence representing
a fairly common national bank issue. Contact our friendly Customer
Service reps if you have a hankering to collect nationals.
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My friends at Whitman
Publishing in Atlanta are working on a new book on collecting
the various editions of A Guide Book of United States Coins (referred
to in this article as the Guide Book), and which you may know as
the "Red Book." The
Guide Book is popularly called the "Red Book" due to the
color of the cover, although the earliest books were actually more
of a burgundy. In any case, the nickname "Red Book" has
stuck. This new volume about the Guide Book will be authored by
Frank J. Colletti, with a forward by Ken Bressett, editor of the
book for many years. I'm a current contributor to the Guide Book,
and Mr. Colletti contacted contributors both past and present for
our recollections. I picked my earliest recollection, dating from
the mid-1950s, a portion of which I'll share with you.
In the 1950s,
my father Maynard Sundman was frequently visited by dealers from
New York City and Boston, who would drive to New Hampshire to visit
and hopefully to sell coins. My father liked mixtures, and Littleton
often sold mixtures of tokens and medals in cigar box assortments
to our customers. We had some regular suppliers of these, as well
as U.S. and world coins. Usually mixtures were sold unsorted, but
sometimes we'd break them down by categories, and retail the better
individual coins. They would range from low-denomination base metal
foreign coins, to tokens of the world, with some U.S. tossed in
as well, principally Hard Times tokens and Civil War cents, often
damaged or well worn. Sometime around 1956 or so, accompanying my
dad one weekend to work at our then small family stamp and coin
business, I came to really appreciate the Guide Book and the importance
of reading it - or at least recalling images of its contents, if
not actual values. Being curious, I liked to rummage through the
mixtures my father had just purchased as it was really a treasure
hunt. You never knew what you would discover. Even if the values
were low, the coins and tokens were really interesting, and it was
educational to see which ones I could identify. It also was a source
of pride to an eight year old when I made a "discovery."
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My treasured (1792) Undated
Washington Born Virginia token,
and listing in 1956 Guide Book
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One
particular Saturday morning while I was plowing through a pile of
coins from one of these mixtures, I recognized a U.S. token I thought
was better - as it was listed in the Guide Book. It was a (1792)
Undated WASHINGTON BORN VIRGINIA cent in Fine condition (currently
listed on page 78 of the Guide Book.) At the time it cataloged for
$75 but in actuality would have sold for more. This was my first
good coin "find." In hindsight, this really got me excited
about coins and doubtless instilled a desire to follow in my father's
profession someday. As an eight year old, the idea of finding valuable
coins was quite exciting (and still is)! Partly as encouragement
to ensure we went to work with him, and partly so we stayed out
of our mother's hair on Saturdays, my father would pay my brother
Rick and later Don (born 1954) and I ten percent of the Guide Book
value for any better coins that we found in our searches. So the
WASHINGTON BORN
VIRGINIA cent coin represented a $7.50 "finder's
fee" to me, which was then a small fortune - representing more
than a year's supply of comic books!
Throughout the 1950s and early
1960s when silver coins still circulated, Rick and I would support
our comic book habit by finding good coins searching bag upon bag
of dimes, quarters, halves, and even silver dollars. Dad would go
to the bank and bring home the coins. After the dishes and our homework
were done, we would clear off the dining room table and go to work.
In particular, I can remember going through Mercury Head and Roosevelt
dimes. Our business always had a ready supply of dimes at hand,
because my father's advertisements featured 10 cent offers. In those
days you could really find almost all the dates of Mercury dimes
in change or in bags available at the bank. Although I never found
a 1916-D, I do remember finding quite a few 1921 and 21-D Mercs.
In 1958 the 12th edition of the Guide Book listed the 1921 at $3.00
in Good and the 1921-D at $4.50 in Good, which we valued at 3 1/2
or 4 1/2 comic books, which cost 10 cents each back then! This meant
a "finder's fee" of 30 to 45 cents for each of us if we
found those better dates - which might happen once or twice in an
evening's search of many thousands of coins, so we could buy quite
a few comic books. Not only were we happy, but Dad was happy too
as we provided him with another source of coins he could offer our
Littleton Coin mail order customers.
Over the years, as I watched
the value of the WASHINGTON BORN VIRGINIA cent increase from $75.00
to $90.00 to $120.00 etc., I always regretted selling that coin.
Many years later I decided I would buy an example for my own small
collection. Whenever I look at it today, I recall the one I found
so many years ago and its listing in the Guide Book. It brings back
many pleasant memories of working with my father "when I was
just a kid," and is a good reminder of
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Littleton Coin Co. now employs
over 350 area residents
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how big dreams often
have small beginnings. Today our firm has hundreds of thousands
of customers, and employs a full-time staff of over 350 people.
We are a respected, major employer in our town of six thousand inhabitants.
Mention Littleton, New Hampshire, to coin collectors, and they immediately
will say: "Isn't that the home of Littleton Coin Company?" The
most pleasurable thing is that my father lived to see the growth
in the business he started. I am sure he knew he was smart to pay
his three sons for their "finds," as it made both the
hobby and the business appealing and rewarding on many levels.
Today,
Littleton Coin has an outstanding numismatic library which we make
use of in both publishing our various catalogs and evaluating collections.
My early coin "finds," using knowledge gained from the
Guide Book and other sources, reinforced in me the value of having
a good coin and bank note reference library - which I have carefully
built over the years. It also has encouraged me to support those
who do research, which we're pleased to do through sponsorship of
the Maynard Sundman/Littleton Coin Co. Lecture Series - as part
of the Numismatic Theatre at the ANA's annual World's Fair of Money
held each August. In a small way, this assists in providing a platform
for those who produce top quality numismatic research for the benefit
of all collectors.
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As a result of building my numismatic library,
I also found that I enjoyed collecting old and new books and catalogs
about coins, bank notes, medals and tokens, etc. And this led to
my joining the Numismatic Bibliomania Society (NBS) many years ago.
For those of you who like numismatic books, dealer catalogs, auction
catalogs, etc. and reading all manner of stories about them, I highly
recommend the NBS. Membership is open to all who value numismatic
books, and enjoy collecting the same. Many top numismatists are
members and it is a bargain, one of most affordable things in numismatics.
The Numismatic Bibliomania Society is a non-profit organization
promoting numismatic literature. Membership includes a year's subscription
to the publication The Asylum (these book collectors have a sense
of humor!), and is only $15 per year for standard mail delivery
of The Asylum to addresses in the U.S., $20 for First Class delivery
to addresses in the U.S., and $25 elsewhere. For those without web
access, you can send your membership check to me at the address
below. Include your e-mail address if you have one, and please tell me
if you are a Littleton Coin Company customer.
David M. Sundman,
Secretary/Treasurer
Numismatic Bibliomania Society
P. O. Box 82
Littleton, NH 03561
If you have Internet access, please see the
NBS website at www.coinbooks.org for more information. A membership
application is available on the website at this address: http://www.coinbooks.org/club_nbs_member_app.html.
To join, print the application and return it with your check to
the address on the application, which is the same as above.
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Bob Gilson, collector of automatic
musical instruments, shows
Dave Bowers
and Ken Goldman a stunning piece
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I recently wrote about the American Numismatic
Association's 2007 World's Fair of Money held August 6-12 in Milwaukee. This
ANA summer convention, which moves around the country, is always
the high point of the year for me and for our numismatic staff.
This year I took an extra day prior to the show and joined dealer
and friend Q. David Bowers of Stack's and fellow dealer Ken Goldman
on a road trip. Dave had invited me to join him on a visit to see
Bob Gilson, a top collector in an entirely different field...
Over
the years, Dave and I have taken several day trips to various New
England museums, historical societies, and bank vaults. This trip
did not involve coins or bank notes. Bob is the owner of one of
the finest collections of automatic musical instruments in the world.
And for me, it was a collecting adventure like no other. The objects
Bob collects once populated theatres and dance halls around the
world from the 1850s to the early 1920s. But over time, most of
them have disappeared, and only collectors like Bob are preserving
them and restoring them for future generations to enjoy.
Unbeknown
to most coin collectors, who may be well aware of his multitudinous
coin and bank note books, Q. David Bowers also happens to be one
of the top published experts in the field of mechanical and coin
operated musical instruments. In fact, in 1972 Dave wrote and published
the definitive work on the subject, Encyclopedia of Automatic Musical
Instruments. This has been reprinted several times, and covers music
boxes, player pianos, calliopes, organs, photoplayers, and other
self-playing instruments of 1750-1940, many of them coin-operated.
Over the years I had seen several of these, thanks to our close
proximity to Clark's Trading Post in nearby North Woodstock, New
Hampshire. (See http://www.clarkstradingpost.com/attractionsMuseum.php)
The Clark family has quite a collection in daily operation during
the summer as part of their various attractions. All are great fun
to see when you come to New Hampshire to visit Littleton Coin Company!
This field trip was a really memorable experience, spending hours
visiting one of the top collectors in the field. In addition to
spending time with fine fellow travelers, it was great fun to see
a collector, albeit in a totally different field, enjoying the objects
he collects. At the end of our visit, Bob gave me an autographed
copy of The Golden Age of Automatic Musical Instruments. This is
a new 436-page hardcover book featuring hundreds of awe-inspiring
automatic musical instruments from Bob's collection, as well as
from the collections of James Krughoff and Jasper Sanfilippo. The
resulting book is a masterpiece. I really enjoyed meeting Bob, visiting
with Dave and Ken along the route, and seeing and hearing Bob's
musical marvels. Now, if only I had a large enough space to house
one of these …
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