Chester L. Krause, Founder of Numismatic News, Dies at Age 92

June 28, 2016 By Dan Holmes Leave a Comment

Chester L. “Chet” Krause, founder of Numismatic News and Krause Publications, died on Saturday from congestive heart failure at the age of 92. A significant force in the world of numismatics who received the American Numismatic Association’s highest honors, he was also a World War II veteran and noted car collector.

Born in Waupaca County, Wisconsin on December 16, 1923, he eventually moved to nearby Iola, where he would pursue his life’s work. He launched Numismatic News in 1952 as a means of communicating with other collectors.

His work and interests are credited with leaving an indelible mark on the community in which he lived, thanks to the success of his business endeavors and his considerable philanthropic efforts. The Iola Car Show and Swap Meet, which he launched 44 years ago, still draws upwards of 120,000 people to the town annually.

Chet Krause was a lifetime member of the American Numismatic Association and went on to serve on its Board of Directors; he was inducted into the ANA’s Hall of Fame in 1990. His company Krause Publications also famously created the international Coin of the Year Awards in 1984.

You can read Numismatic News‘s tributes to its founder here and here.

Share:

BEFORE YOU COMMENT:

Coin Update is not a retail website. If you wish to buy a coin or banknote, you should contact a reputable dealer. One of our sponsors (see ads at right and top of page) may also have what you’re looking for, so be sure to check out their websites.
Per policy, we do not advise on the value, authenticity, or rarity of readers’ coins and banknotes. For this kind of assistance, you should contact a reputable dealer, preferably one who’s certified by the American Numismatic Association and/or the Professional Numismatists Guild.
Vulgar and/or abusive comments will not be tolerated. Nor will trolls.
Allegations of fraudulent or criminal activity against a named party, when said activity has not been proven in a court of law, will be removed.

U.S. Mint sales report: Week ending June 17, 2018

This U.S. Mint numismatic sales report covers the week ending June 17, 2018. The Mint’s best-selling product this week was the 2018 Voyageurs National Park Uncirculated five-ounce silver coin (18AL). Released on June 14, 2018, it sold 12,985 units. In second place is the 2018 Voyageurs National Park three-roll set (18ARJ), with 5,895 units sold, and […]

NGC signs American astronaut Clayton Anderson to autograph labels

Shuttle astronaut spent nearly half of 2007 at the International Space Station. The Numismatic Guaranty Corporation (NGC) has announced that American astronaut Clayton Anderson will individually autograph NGC certification labels. From 2007 to 2010, Anderson was a part of three space shuttle missions and two consecutive International Space Station expeditions. Anderson first rocketed to space […]

Latvia: New silver collector coin dedicated to new national park — The Garden of Destiny

The Bank of Latvia (Latvijas Banka) has announced that they will be issuing new silver collector coins on the 22nd June which are dedicated to a new project undertaken in the country that is a wider monument to all Latvians and their collective strength — The Garden of Destiny. The idea of The Garden of Destiny came […]

The CCAC and the 2020 and 2021 America the Beautiful quarters: Marsh-Billings-Rockefeller National Historical Park

Article 5 of 7 Previous: Salt River Bay National Historical Park. Next: Tallgrass Prairie National Preserve. The CCAC met by telephone in October 2017 to talk about themes and focuses for the 2020 and 2021 America the Beautiful coins. For the Marsh-Billings-Rockefeller quarter, land stewardship was the prevailing concept. The important focus for this park […]

France: UNESCO sites, Banks of the Seine gold and silver coins feature the Louvre and Pont des Arts

The Monnaie de Paris has launched (14th June) their latest series of coins which are part of an overall numismatic programme highlighting the many sites in France included on the UNESCO heritage sites list. For more than 40 years, UNESCO (the United Nations Educational, Scientific, and Cultural Organization) has compiled a list of international sites […]

1792 gold piece that jingled in George Washington’s pocket makes first public appearance since 1890

Elite collector Eric P. Newman’s favorite coin, now bound for Heritage Auctions’ ANA Platinum Night Auction with all net proceeds donated to charity Dallas, Texas (June 14, 2018) — A one-of-a-kind gold coin believed to have once been a cherished memento of U.S. President George Washington made its first public pre-auction showing since 1890 when Heritage Auctions put it on display […]

South Africa: First-ever commemorative banknotes celebrate birth centenary of Nelson Mandela

The South African Reserve Bank (SARB) announced (14th June) they will be launching their first commemorative banknote series, in celebration of the birth centenary of the country’s first post-apartheid president, Nelson Mandela. These notes will include all currently circulating denominations R10, R20, R50, R100, and R200. As part of the celebrations, the South African Mint, […]

United States Mint launches America the Beautiful Quarters Program coin honoring Voyageurs National Park quarter

International Falls, MN — The United States Mint joined the National Park Service today to launch the America the Beautiful Quarters Program coin honoring Voyageurs National Park in Minnesota. It is the third America the Beautiful Quarters coin issued in 2018 and the 43rd release in the series. This latest quarter’s reverse (tails) design depicts […]

The CCAC and the 2020 and 2021 America the Beautiful quarters: Salt River Bay National Historical Park

Article 4 of 7 Previous: Weir Farm National Historic Site. Next: Marsh-Billings-Rockefeller National Historical Park. The outstanding Salt River Bay portfolio benefited from designs with bold, singular, primary devices that immediately draw the eye—a conch shell, a turtle, a mangrove tree. I like that approach because it helps to make a coin memorable. Thinking back […]

The CCAC and the 2020 and 2021 America the Beautiful quarters: Weir Farm

Article 3 of 7 Previous: National Park of American Samoa. Next: Salt River Bay National Historical Park. Weir Farm inspired another portfolio with many beautiful works of draftsmanship. The Mint’s artists captured the themes the CCAC and Weir Farm’s liaisons discussed in a telephone meeting in October 2017, regarding the site’s connection of art with […]