|Coin Elves (Arthur Rackham)|
This all started with an early post: PACHI Sunday, 12 April 2009: 'To all you young collectors out there' taking the mickey out of the US dealers' lobby groups like Ancient Coins for Education (whatever happened to them?) and their incessant efforts to dodge certain key questions.
But then the Coin Fairies and Coin Elves took on a life of their own. The idea is that while the rest of the world sees there is a supply-demand relationship between looting and buying looted items, coin collectors and dealers especially deny there is any such collection. So I invented the fairies and elves to make the point how ridiculous that is. In this model, anything that is looted is allegedly "disappeared' by the fairies, while everything that surfaces on the market comes not from the ground, but (obviously) the secret caves of the ancient coin elves (who I imagined probably live somewhere underground near Munich) who must create them by magic. It is absolutely out of the question that any of them come from the Coin Fairies. The idea is well-illustrated by this graphic by Nigel Swift of Heritage Action.
|Looting System Theory (HA)|
Coin Elves get their own posts too: PACHI Sunday, 6 July 2014, 'More Understanding for Coin Elves Please'.