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R. TETTENHORST 
P. O. Box 14020 
Saint Louis, Missouri 63178 


May 18, 1993 


Mr. Lanny Reinhardt 
23 Elizabeth Street 
Paterson, NJ 07503 


Dear Lanny; 

Thanks very much for sending me the envelope and for the 1808 pressings. I 
will take the pressings to the safe deposit box to compare them with my coins. 

I would be interested in your reaction to the O'Rourke book. Are you going 
to the EAC meeting at the ANA in Baltimore? I am hoping to be there, since 
I have a daughter who lives in Washington, D.C. 


Sincerely 



R. Tettenhorst 


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R. TETTENHORST 
P. O. Box 14020 
Saint Louis, Missouri 63178 


April 10, 1995 


Mr. Lanny Reinhardt 
23 Elizabeth Street 
Paterson, NJ 07503 


Dear Lanny; 

I spent a very pleasant half hour comparing the pressing of your 1808 C2 with 
several of mine. This is clearly a different die state. I have two earlier 
ones and two later ones. I think the sequence is as follows: 

- My coin A (08.2.2). This is a rather rough coin which came from Roger Cohen's 

fixed price list many years ago. It has the 'TY' cud and a slight bulge 
over the right hand edge of 'E' where the crack on your coin develops later. 
However, this does not extend to the rim, although there may be a fine line 
crack there. The coin is too rough to be certain. There is no trace of 

the crack from 'B' to the rim although, again, roughness might obscure a 
very fine line. 

My coin B (08.2.7, ex-Weber). This has the cud and the crack from 'B' to 
the rim. However, the state over 'E' appears to be only the same as in 

coin A. The fine line crack to the rim is clearer than on the preceeding 

coin, but it is not nearly as heavy as on yours. 

Your coin comes next. It has about the same amount of wear as my coin B, 
although frankly I like the color of mine better! 

- My coins C and D, which have the second cud over 'BE.' One of these is 

Lot 251 from Roger Cohen's sale and the other, which I acquired earlier, 

is identical in die state to Roger's, as far as I can tell. 

One puzzling observation--none of my coins show as heavy a crack through the 

tops of 'BERT' as your pressing shows. Even the coins with two cuds show 
somewhat thinner cracks from 'E' to 'T.' There appears to be slight doubling 
on a portion of both sides of your pressing. If this is not in the coin but 
resulted from a slight shift in the process of making the pressing, it could 
also explain the heavier line at 'BERT.' Breen's State IV matches your Cl. 

He speculates that it was struck after the C2's, which would, of course, explain 
why it is more rusted than some of the early C2's. That explanation would 
make my C2 one of the later ones. 

I hope all of this is helpful to you. It certainly was fun for me. I will 

see you in Cincinnati. 

Sincerely, 

R. Tettenhorst 


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R. TETTENHORST 
P. O. Box 14020 
Saint Louis, Missouri 63178 


July 20, 1993 


Mr. Lanny Reinhardt 
23 Elizabeth Street 
Paterson, NJ 07503 


Dear Lanny; 

Thanks for your note. It doesn't matter that it was late. I am sometimes 
equally slow in answering corr^ondence, even without any accidental misfiling. 

With respect to Edison Brothers, I am enclosing an investment analysis from 
Alex, Brown & Sons. Their analyst. Bob Buchanan, has followed EBS very closely 
for years. Until sales turned very soft in February, their firm was aggressively 
recommending the purchase of this stock, even in the mid 40's. However, sales 
continue to be very disappointing, and the current analysis reflects that 
reality. It seems to me that the bullishness which you heard on CNBC may be 
justified in the longer term. However, the timing of the end of this year 
is among the most optimistic forecasts I have heard. It depends on when we 
see signs of a strong turnaround in sales. There has not been any hint of 
that yet. The Alex, Brown analysis is probably typical of what the informed 
security analysts are saying at this time. 

Thanks for the comments on P. J. O'Rourke. See you at ANA. I plan to get 
in late in the evening of the 28th, and will be staying at the Marriott on 
Eutaw Street. 


Sincerely, 


R. Tettenhorst 


mb 


Enclosure