“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.”

John Maynard Keynes


Newsletter September 3 - September 1, 2012

The Sound of MoneyElly Baltus’ Summer coin big succes

The special summer edition ‘The Sound of Money’ from the well known medal artist Elly Baltus turns out to be a real hit. With numismatics her designs are highly appreciated and many collectors grabbed their chances to add this coin to their collections.

If you would like to ant to purchase one too, you have to be quick, the emission ends in a couple of days. You can order the coin at our online teller.


Anne de VriesThis Friday: festive first minting Anne de Vries’ new coin

Young Dutch artist Anne de Vries is considered one of the most important representatives of the new art wave inspired by the new reality created by net, games, virtual reality and social media. Fresh from the Academy his work is exhibited all over the world: Berlin, London, Paris, New York, Los Angeles and Istanbul.
For Art Reserve Bank De Vries designed four reserve coins, playing with the virtual reality of money.

This Friday at 18:00 hours the artist arrives at our headoffice on the Zuidas, to mint personally mint these coins. You are invited for drinks and a snack. As usual these festivities will be cheered by the unprecedented Klaus Wunderlich organ. Possibly friends of Anne will also perform live.

After the first minting the press will work for another hour to give you the chance to acquire these ‘fresh’ coins on the spot.

Answer to DNB objections

In earlier newsletters we mentioned how the prudential surveyor of Dutch Central Bank (DNB) had undertaken a investigation into the Art Reserve Bank. In a registered letter they objected to the use of the word ‘bank’ as well as the ‘money-back’ guarantee.

On July 2nd, the supervisors have paid us a visit. In a relaxed atmosphere we commented extensively on the origin and background of the experiment. At request of DNB we put this in words in an official comment and made some proposals to clearify that we are not a financial institution and we therefore do not need to comply with regular banking regulations. 

read our comment (Dutch)

September 22nd: business visit De Beeldenaar

An afternoon specifically meant for members of the Vereniging van Penningkunst and readers of the numismatic magazine De Beeldenaar. Explaining the special monetary experiment by artists and a demonstration of the minting press.
Please contact Maja Houtman for information and signing up.

Steady rise exchange rate reserve currency

It took some time for the trading in the dealing room to get going. Nowadays there are enough advertisements with demand and offer to calculate the average trading value and thus the exchange rate. Currently the exchange rate is over 5 euro above the opening rate.

Interested in bying or selling coins of the previous series? Put an advertisement in the dealing room.


Committee recommendation:

Herman WijffelsProf.dr. H.H.F. Wijffels, former CEO of Rabobank, chairman of the Dutch Social Economic Council and administrator at the World Bank in Washington. Herman Wijffels is currently professor of 'Sustainability and Social change' at Utrecht University.

Arnold HeertjeProf.dr. A. Heertje, Emiritus professor of Political Economy at University of Amsterdam's law faculty. Meanwhile professor of History of Economics and member of the Royal Dutch Academy of Sciences (KNAW).

Rick van der PloegProf.dr. F. van der Ploeg, was State Secretary for culture and media in the Kok II cabinet. Rick van der Ploeg is now professor of Economics at Oxford University and professor Political Economy at Amsterdam School of Economics.

Coop Art Reserve Bank — Overtoom 256, 1054JA Amsterdam — T. +31 6 1226 3331 — info@kunstreservebank.nl