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“Bite-Size Bits of Local, National, and Global History”
Iola in Waupaca County, Wisconsin — The American Midwest (Great Lakes)
 

Birthplace of Numismatic News

 
 
Birthplace of Numismatic News Marker image. Click for full size.
By Paul Fehrenbach, September 24, 2011
1. Birthplace of Numismatic News Marker
Side A
Inscription.
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

Birthplace of Numismatic News Marker image. Click for full size.
By Paul Fehrenbach, September 24, 2011
2. Birthplace of Numismatic News Marker
Side B
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.
 
Erected 2010 by Iola Historical Society. (Marker Number 3.)
 
Location. 44° 30.359′ N, 89° 7.725′ W. Marker is in Iola, Wisconsin, in Waupaca County. Marker is at the intersection of East Iola St. and South Jackson St.,, on the right when traveling east on East Iola St.. Touch for map. Marker is in this post office area: Iola WI 54945, United States of America.
 
Other nearby markers. At least 8 other markers are within 3 miles of this marker, measured as the crow flies. Iola’s Early History (about 500 feet away, measured in a direct line); Iola’s Dr. Loope (about 700 feet away); 1999 Father's Day Fire (approx. 0.2 miles away); The “Spud Alley” Era (approx. 0.2 miles away); Iola Veterans Memorial (approx. ¼ mile away); Iola Mills (approx. 0.3 miles away); Birthplace of the Iola Old Car Show (approx. 0.3 miles away); Norwegian Evangelical Lutheran Church of Our Redeemer (approx. 2.5 miles away). Touch for a list and map of all markers in Iola.
 
Additional keywords. Publishing
 
Categories. Industry & Commerce

 
Birthplace of Numismatic News Marker image. Click for full size.
By Paul Fehrenbach, September 24, 2011
3. Birthplace of Numismatic News Marker
Close up of first issue, located in upper left corner
Chet Krause image. Click for full size.
By Paul Fehrenbach, September 24, 2011
4. Chet Krause
from upper left corner of side B
Krause Home image. Click for full size.
By Paul Fehrenbach, September 24, 2011
5. Krause Home
Birthplace of Numismatic News Marker image. Click for full size.
By Paul Fehrenbach, September 24, 2011
6. Birthplace of Numismatic News Marker
Looking east down Iola Street
 
 
Credits. This page was last revised on June 16, 2016. This page originally submitted on September 28, 2011, by Paul Fehrenbach of Germantown, Wisconsin. This page has been viewed 340 times since then and 25 times this year. Photos:   1, 2, 3, 4, 5, 6. submitted on September 28, 2011, by Paul Fehrenbach of Germantown, Wisconsin. • Bill Pfingsten was the editor who published this page.
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