Rating  - Standard Catalog of World Coins, 1701-1800. 4th Official Edition
I recently received my copy of the new 4th edition of the Krause-Mishler (KM) 18th century catalog. Here are my impressions of the book, with some emphasis on the changes from the 3rd edition. The photographs are definitely much better than in the last edition. Unfortunately, that may be the only improvement over the last edition I can think of.
Some countries have been moved around - Vietnam is under "V" instead of "A" for Annam, Salzburg is back where it started under Austrian states, early Burma coins are no longer listed under Myanmar, and there's a new listing called "Central Asia" for Bukhara (formerly listed under Uzbekistan) and Janid Khanate (new?). Within several countries, the coins are no longer listed in the same order, and early Austrian coins have new KM numbers yet again. The editors have spent a lot of time on the notes for each listing, with more information about what's on the coin, including legends.
There are a few more photos than in the last edition (18,000 instead of 17,900, according to the book covers). For some reason, maybe to save space, several photos from the previous edition have been deleted. On two successive pages, 29 of the 35 photos in the previous edition for Courland, Crimea, and Curacao were deleted. Space did seem to be at a premium, with one country's listings beginning immediately after the last one ends, even if it's in the middle of a column.
It always seemed odd to me that KM had separate catalog numbers for the different mints under France. Now they've done the same thing for Iran. The Korea section is much shorter, reorganized, and easier to use. The last edition had separate listings and catalog numbers for Series 1, Series 2, Series 3, etc. Now they've combined these into one listing with a note "Series 1-10." I guess that's another good thing.
I hoped I would find many price corrections, because it has been 5 years since the 3rd edition was published. The market has been very strong in many European countries, and the euro is worth about 50% more than it was 5 years ago. However, the vast majority of coin prices are exactly the same as they were in the 3rd edition. Half the book is devoted to Germany, India, and Italy, and those countries' listings are virtually unchanged. My one-per-country collection includes 85 German state coins from the 18th century. The prices of 4 of them went up, very slightly (why those 4?). The largest change was in the opposite direction: my Nassau-Weilburg 4 kreuzer (VF) went down from $45 to $35, and Schön lists the coin at 120 euros. And prices in Italy are way up.
The only relatively large section with extensive price changes was the Swiss cantons, where someone adjusted many of the values to reflect those in the new HMZ Swiss catalog. I noticed that in some cases where HMZ did not price certain coins in higher grades, the KM values for the higher grades were not changed. That created situations where the higher grade is said to be worth less than a lower grade. For example, the catalog shows many of the Chur KM-263 bluzgers with higher values in VF than in XF. The catalog says the Reichenau-Tamins 2 kreuzer is worth $4,750 in VF but only $1,600 in XF.
Here are the other countries I saw with the most price increases: Denmark - many values up; Dominica - very few types, but the prices are higher; Ethiopia-Harrar - prices twice what they were; Great Britain - prices up only slightly, despite large increases in the British catalogs; Ireland - mostly up; Luxembourg - many prices up; Malta - prices generally higher; Portugal - prices higher, as they should be; Sierra Leone Company - prices up quite a bit. The common penny went up from $20 to $100 in fine, $50 to $200 in VF, and $80 to $400 in XF; early US coins - prices up. The values for most Russian coins didn't change, but I noticed that some of the large rubles were way up. The KM-149 1714 ruble in XF increased from $3,500 to $70,000.
For several countries, prices for the first type went up, but none of the others did. It's almost as if someone changed the first prices to indicate the country needed to be changed, but nobody finished the job. I realize the incredible amount of work it would take to really update a catalog of this magnitude, and I know KM does not have the staff to keep up with it. They may be putting more of their resources into numismaster, the online listing - at least one of my coins that's missing from the catalog is listed there. I would have thought that numismaster updates should find their way into the printed catalog. Nearly all of the 18th century coins in my collection that were missing from the previous edition are still missing from the current edition.
Under Netherlands, just about all the coins are now priced in uncirculated. And for the silver Batavian Republic coins, there are also values for BU. I can't imagine that there would be too many of those available to buy. Under Netherlands East Indies, there are no longer separate listings for Holland, Gelderland, Overyssel, and other provinces. These coins are all listed under United East India Company, with descriptions like "crowned Holland arms" or "crowned Gelderland arms" for the provincial coins.
I noticed quite a few mistakes in the catalog - probably the biggest one I found was a listing under Hejaz/Mecca of all the Hejaz coins from KM's 20th century catalog. I wonder how that happened. Another odd one is the photo for a Peru a gold 8 escudos (KM-82.1) - the photo is a 1951 Mauritius rupee.
If you collection 18th century coins and do not have a catalog, you should definitely have this book. It's by far the best comprehensive 18th century catalog available. But if you already have the 3rd edition, about the only good reason I can think of that you'd need to buy the new one would be that your old one is falling apart, like mine was. Or, if you're a dealer you might want to check out the countries I mentioned where the prices are up. The book is $47.25 with free shipping from Amazon.
Rating  - Standard Catalog of World Coins 1701-1800
It's a complete and very informative book about world coins. I used it everyday as a price reference and getting the right description of old coins.
Rating - My Kind of History Book
My collection of 18th century coins is virtually non-existent and their value is so low that this catalog cost me much more than they are all worth. But I did not buy it to see how rich I am or how wisely I invested my money. I treat this book as a very special history book. I read it every now and then, starting from a state I have never heard of to discover some new information from the past. This is the imperfect but only source to dig into the history of minute Italian, German or Indian states which often had nothing but minting rights which they excercised profusely. About sovereigns who believed themselves mighty enough to have their profiles struck on multiple thalers only to disappear from annals of History within just a few years. About political plans, expectations and pretences of which we can't remember anymore but they were all detailed on coins.
Coin-collecting is not a way of investing money (it well may be though in most cases it is rather by luck than wise planning), it is a life-time of studies. You have to invest your time, and coins will start speaking to you. Half-worn faces will become flesh and blood individuals from the past. Strange letters will mean their might and their dreams. You will probably never have too many of these coins (even if you have the money, actually) but this is the kind of book which can give you knowledge. And knowledge, in time, may turn into wisdom.
Rating - Simply 18th century coins of the world for the world !
Certainly this is the book for 18th century coins, unless you are mainly interested in one country like the UK or France -- in that case you would find more information more attractively laid out, along with other centuries, elsewhere, usually more cheaply too. But for its coverage of the world, including hugely complicated countries like Gemany, Italy and India, it is unbeatable. This 3rd edition is an improvement over earlier editions, because more pictures (especially of the smaller coins) and more obscurities have been included.
For users in countries which do not speak English, the conversions such as VF = TTB = BB =MBC are very useful !
The book is not difficult for foreigners to use.
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