Birthplace of Numismatic News

Birthplace of Numismatic News (HMW3Z)

Location: Iola, WI 54945 Waupaca County
Country: United States of America

N 44° 30.359', W 89° 7.725'

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Side A
The first issue of "Numismatic News" was born here Oct. 13, 1952. From this start over the next 50 years grew Krause Publications, a business that published 50 periodicals and hundreds of book titles.

The idea for the paper was Chester L. Krause's, who lived in this house with his parents. He was a professional carpenter by day and a coin collector at night. Because it was difficult for coin collectors to interact outside the main urban areas, Chet felt they needed a means of communication.

To fill that need, "Numismatic News" was created as a monthly trader paper. It sold for $2 a year. Collectors could run classified ads and buy and sell with each other by mail. In early 1954

Side B
after incurring a cumulative loss of about $1,342, the paper began to generate a profit. Work that had been done here on the dining room table was moved into rented office space downtown.

By 1957, Chet had to choose between his profession and publishing "Numismatic News." He chose the paper. He built a modern building to house it at the corner of Washington and Water Streets. He built his last house in 1958.

While always containing tidbits of information, "Numismatic News" took on a full-fledged newspaper approach in 1959. Tom Fruit was hired as the first professional editor.

The number of pages grew steadily and the frequency was increased to 24 times a year in 1959 and then to 26 in 1963. It became a weekly in 1969.

HM NumberHMW3Z
Marker Number3
Year Placed2010
Placed ByIola Historical Society
Marker ConditionNo reports yet
Date Added Friday, September 5th, 2014 at 5:44am PDT -07:00
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Locationbig map
UTM (WGS84 Datum)16T E 330785 N 4930277
Decimal Degrees44.50598333, -89.12875000
Degrees and Decimal MinutesN 44° 30.359', W 89° 7.725'
Degrees, Minutes and Seconds44° 30' 21.54" N, 89° 7' 43.50" W
Driving DirectionsGoogle Maps
Area Code(s)715
Closest Postal AddressAt or near 290 E Iola St, Iola WI 54945, US
Alternative Maps Google Maps, MapQuest, Bing Maps, Yahoo Maps, MSR Maps, OpenCycleMap, MyTopo Maps, OpenStreetMap

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