Krause Publications Explained

Status:Active
Founder:Chester L. Krause
Country:United States
Headquarters:Iola, Wisconsin
Publications:Magazines, books
Topics:Numismatics, coin collecting
Owner:Penguin Random House
Url:https://sites.prh.com/krausepublications

Krause Publications is an American publisher of hobby magazines and books. The company was started by Chester L. Krause (19232016) in 1952 and published Numismatic News.[1]

In the coin collecting community the company is best known for its Standard Catalog of World Coins, a series of coin catalogs commonly referred to as Krause-Mishler catalogs or simply Krause catalogs; they provide information, pricing, and Krause-Mishler (KM) numbers[2] referring to coin rarity and value. Krause-Mishler (named for Krause and longtime employee Clifford Mishler) numbers are the most common way of assigning values to coins. The first edition was published in 1972.[3] In addition, they established the Coin of the Year Award, first issued in 1984, for excellence in coinage design.[4]

In the paper money collecting community, the company is known for its paper money catalogs. In 1975, the first edition of the seminal Standard Catalog of World Paper Money authored by Albert Pick was published. Its numbering system, the Pick numbers, is widely used to identify banknotes.[5]

In 1997, Krause acquired the non-automotive book titles of the Chilton Company.[6] In June 2002 Krause was acquired by F+W (back then F&W Publications).[7] At that time, Krause Publications was publishing 46 periodicals and had nearly 750 books in print.[8] Krause Publications was continued by F+W as an imprint.

In June 2019, the assets of F+W were sold through bankruptcy auctions. Penguin Random House acquired the book publishing assets and Krause brand.[9] The magazines were divided among different entities,[10] with Numismatic News, for example, being acquired by Active Interest Media.[11] The 2019 edition of the Standard Catalog of World Coins included XX and XXI century editions. Penguin published the 2020 edition of the XX Century Standard Catalog of World Coins, but the XXI century edition was not released.

Originally founded and based in Iola, Wisconsin.,[12] they relocated to Stevens Point, Wisconsin in April 2018.[13]

See also

External links

Notes and References

  1. Web site: Obituary for Chester L. Krause at Voie Funeral Home. www.voiefuneralhome.com. 2017-11-06. 2023-01-15. https://web.archive.org/web/20230115103157/https://www.voiefuneralhome.com/obituary?o_id=3763168. live.
  2. McMorrow-Hernandez . Joshua . December 26, 2016 . The Coin Analyst: 2016: Year in Review . . Krause and his longtime colleague Clifford Mishler instituted the use of the now widely used Krause-Mishler numbers, shorthanded as KM numbers, to standardize the cataloging of coin issues. . 2019-08-25 . 2019-08-25 . https://web.archive.org/web/20190825203337/https://coinweek.com/featured-news/the-coin-analyst-2016-year-in-review/ . live .
  3. Web site: Krause Publications: A brief history . krause.com . https://web.archive.org/web/20020612122803/http://www.krause.com/static/history.htm . 2002-06-12 . 2019-09-08.
  4. Book: Scarinci, Donald . 2015 . Coin of the Year: Celebrating Three Decades of the Best in Coin Design and Craftsmanship . Krause Publications . Introduction . 978-1-4402-4476-6.
  5. Kampmann . Ursula . Backe . Annika . December 10, 2015 . Albert Pick (1922–2015) . CoinsWeekly . MünzenWoche GmbH . 2019-09-08 . 2019-12-04 . https://web.archive.org/web/20191204140138/https://coinsweekly.com/albert-pick-1922-2015/ . live .
  6. Web site: History of Krause Publications, Inc. – FundingUniverse. 2019-11-11. 2019-11-11. https://web.archive.org/web/20191111001557/http://www.fundinguniverse.com/company-histories/krause-publications-inc-history/. live.
  7. Krause Publications Sold For $120 Million . . June 27, 2002 . 2019-08-25 . 2019-08-25 . https://web.archive.org/web/20190825203337/https://icv2.com/articles/comics/view/1571/krause-publications-sold-for-120-million . live .
  8. Web site: Krause Publications: An Overview . krause.com . https://web.archive.org/web/20020612122709/http://www.krause.com/static/overview.htm . 2002-06-12 . 2019-09-08.
  9. Milliot . Jim . Maher . John . June 7, 2019 . PRH Acquires F+W Book Group Assets At Auction . live . . https://web.archive.org/web/20190821173039/https://www.publishersweekly.com/pw/by-topic/industry-news/industry-deals/article/80380-winner-of-f-w-book-group-auction-to-be-announced-soon.html . 2019-08-21 . 2019-08-25.
  10. Dool . Greg . June 17, 2019 . F+W Media Reveals Winning Bidders at Bankruptcy Auction . live . Folio . Access Intelligence, LLC . https://web.archive.org/web/20190715085925/https://www.foliomag.com/fw-media-announces-winning-bidders-bankruptcy-auction/ . 2019-07-15 . 2019-09-08.
  11. July 19, 2019 . Active Interest Media Acquires Four F+W Groups Including Numismatics . live . Numismatic News . . https://web.archive.org/web/20190924044333/https://www.numismaticnews.net/article/active-interest-media-acquires-four-fw-groups-including-numismatics . 2019-09-24 . 2019-09-08.
  12. News: Hagerty . James R. . July 8, 2016 . Chester Krause Built a Big Hobby Magazine Publisher in a Tiny Wisconsin Town . en-US . Wall Street Journal . live . subscription . 2017-11-06 . https://web.archive.org/web/20171107114231/https://www.wsj.com/articles/chester-krause-built-a-big-hobby-magazine-publisher-in-a-tiny-wisconsin-town-1467989682 . 2017-11-07 . 0099-9660.
  13. Harper . Dave . March 10, 2018 . Give this desk one last going over . live . Numismatic News . . https://web.archive.org/web/20190825203339/https://www.numismaticnews.net/article/give-desk-one-last-going . 2019-08-25 . 2019-08-25.

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