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Lot 426
SHAW GEORGE BERNARD: (1856-1950) Irish Playwright, Nobel Prize winner for Literature, 1925. Good T.L.S., G. Bernard Shaw, three pages, 4to, Adelphi Terrace, London, 4th October 1918, to James Holden in New York. Shaw discusses the economic theories behind currency and announces `If you issue currency, whether in paper or coin, against what is called the capital value of land, which is what the Jacobins did in the French Revolution, your currency will depreciate until it is worth just whatever produce of the cultivation of the land may be actually in hand. The French assignants never fell to zero; yet nothing, not even the guillotine, could keep them at even a hundredth of their face value in gold or goods.` and further continues, in part, `There is no such thing as an inconvertible currency; and there never can be, because unless the currency is convertible into goods, nobody will touch it, and therefore it will no longer be current….Currency is a simple matter of not overdrawing your account. Paper notes are as good as gold coin if there are goods at the back of them. The danger of notes is like the danger of cheques: if they are dishonoured you cannot sell them for more than an infinitesimal fraction of their face value. If a gold coin is dishonoured in the sense that there are no goods to exchange it for, you can at least use it as metal or hold it over with the certainty that the moment there are goods in the market you will be able to exchange it for them. Thus, you see, currency based on land values is a delusion; but currency based on the produce of land is a sound proposal: in fact, all sound currencies are at root of this kind…..You can rob Peter to pay Paul; but if you rob Peter and Paul simultaneously, Paul will not get his money. Even at the present time, the British Government, trying to realise the capital value of land to a very trifling extent by death duties, finds it necessary to allow the payment to be spread over several years….In short, all the dealings are in income and not in capital values; and any scheme of currency which assumes that capital values have any present existence is bound to collapse disastrously. You will probably have currency cranks in America presently proposing to issue paper money against the Liberty Loan, and demonstrating that by doing this the war can be made to cost nothing. One American has actually written a book to advocate this "Great Plan", as he calls it. He might as well propose to feed the American nation on the fragments of the exploded shells that the Liberty Loans pay for.` A few holograph corrections. A letter of fine content. Some very light age wear, otherwise VG
Lot 70
A unique Occupation bookmark in the form of a Guernsey one Double coin mounted above a German ten Reichspfennig coin, made for Dame Sibyl Hathaway by Dr. Symons, the label attached handwritten in her hand, `Bookmark made for me Xmas 1943 Victory of Guernsey over the German mark. From Dr. Symons`.
Lot 135
Italy; Florence Republic Gold Flori 1187-1530AD, St John to obverse, Lily to reverse; Germany; Saxony, one Ducat Sophia Saxony 1616; another hammered gold coin; a hammered silver Asper of Manuel I, 1238-1263; an 1887 enamelled florin, brooch fittings; an enamelled continental coin, brooch fittings (6)
Lot 146
A George VI proof coin set 1950 in original red card box of issue from half crown to farthing some light marks and handing; a cased Festival of Britain 1951 proof set, in green card case of issue (distressed) from crown to farthing, with some light handling marks; a part George V 1927 proof set halfcrown, florin, shilling, sixpence and threepence only, in card case of issue (distressed) EF; a 1953 cased proof set crown to farthing some verdigris spots and handling marks; together with a small group of modern crowns and foreign coinage (qty)
Lot 177
A collection of American silver to include a candle stick marked STERLING and indistinct maker`s mark; three bowls of pierced and embossed designs marked STERLING only, a bon bon dish by WALLACE; a plate with pierced border by JE Cauldwell & Co and a pin dish by Gorham; together with a modern sauce boat and coin set pin tray (qty) combined weight 34oz
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