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Krause Publications

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Krause Publications
StatusActive
Founded1952 (1952)
FounderChester L. Krause
Country of originUnited States
Headquarters locationStevens Point, Wisconsin
Publication typesMagazines, books
Nonfiction topicsNumismatics, coin collecting
Owner(s)Penguin Random House
Official websitesites.prh.com/krausepublications

Krause Publications is an American publisher of hobby magazines and books. The company was started by Chester L. Krause (1923–2016) 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]

Originally founded and based in Iola, Wisconsin.,[6] it is currently based at Stevens Point, Wisconsin.

History

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In 1997, Krause acquired the non-automotive book titles of the Chilton Company.[7] In June 2002 Krause was acquired by F+W (back then F&W Publications).[8] At that time, Krause Publications was publishing 46 periodicals and had nearly 750 books in print.[9] Krause Publications was continued by F+W as an imprint.

The company moved to Stevens Point, Wisconsin in April 2018.[10]

In June 2019, the assets of F+W were sold through bankruptcy auctions. Penguin Random House acquired the book publishing assets and Krause brand.[11] The magazines were divided among different entities,[12] with Numismatic News, for example, being acquired by Active Interest Media.[13] 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.

See also

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References

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  1. ^ "Obituary for Chester L. Krause at Voie Funeral Home". www.voiefuneralhome.com. Archived from the original on January 15, 2023. Retrieved November 6, 2017.
  2. ^ McMorrow-Hernandez, Joshua (December 26, 2016). "The Coin Analyst: 2016: Year in Review". CoinWeek. Archived from the original on August 25, 2019. Retrieved August 25, 2019. 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.
  3. ^ "Krause Publications: A brief history". krause.com. Archived from the original on June 12, 2002. Retrieved September 8, 2019.
  4. ^ Scarinci, Donald (2015). Coin of the Year: Celebrating Three Decades of the Best in Coin Design and Craftsmanship. Krause Publications. Introduction. ISBN 978-1-4402-4476-6.
  5. ^ Kampmann, Ursula (December 10, 2015). "Albert Pick (1922–2015)". CoinsWeekly. Translated by Backe, Annika. MünzenWoche GmbH. Archived from the original on December 4, 2019. Retrieved September 8, 2019.
  6. ^ Hagerty, James R. (July 8, 2016). "Chester Krause Built a Big Hobby Magazine Publisher in a Tiny Wisconsin Town". Wall Street Journal. ISSN 0099-9660. Archived from the original on November 7, 2017. Retrieved November 6, 2017.
  7. ^ "History of Krause Publications, Inc. – FundingUniverse". Archived from the original on November 11, 2019. Retrieved November 11, 2019.
  8. ^ "Krause Publications Sold For $120 Million". ICv2. June 27, 2002. Archived from the original on August 25, 2019. Retrieved August 25, 2019.
  9. ^ "Krause Publications: An Overview". krause.com. Archived from the original on June 12, 2002. Retrieved September 8, 2019.
  10. ^ Harper, Dave (March 10, 2018). "Give this desk one last going over". Numismatic News. F+W. Archived from the original on August 25, 2019. Retrieved August 25, 2019.
  11. ^ Milliot, Jim; Maher, John (June 7, 2019). "PRH Acquires F+W Book Group Assets At Auction". Publishers Weekly. Archived from the original on August 21, 2019. Retrieved August 25, 2019.
  12. ^ Dool, Greg (June 17, 2019). "F+W Media Reveals Winning Bidders at Bankruptcy Auction". Folio. Access Intelligence, LLC. Archived from the original on July 15, 2019. Retrieved September 8, 2019.
  13. ^ "Active Interest Media Acquires Four F+W Groups Including Numismatics". Numismatic News. F+W. July 19, 2019. Archived from the original on September 24, 2019. Retrieved September 8, 2019.
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