Newcomer, Waldo (Charles) Collector (b. 9/14/1867 d. 6/29/1934)

Born in Baltimore, Maryland. He was in poor health as a child and was home schooled. Graduated withA.B. from Johns Hopkins in 1889. Married Margaret Vanderpoel October 7, 1897. They had three children.Employed as a clerk with Baltimore Storage & Lighterage, later Atlantic Transport and became secretary of thecompany in 1894. He resigned in 1901 to join the Safe Deposit & Trust Co., later treasurer of the Atlantic CoastLine Railroad.

Newcomer was president of the National Exchange Bank 1906 to 1924. In 1924 became chairman of theboard of Atlantic Exchange Bank & Trust Co. and later Baltimore Trust Co. CEO of Baltimore Trust CompanyMarch 1929 to January 1933. He was vice president of the Atlantic Coast Line Co and Northern Central Railroadand served on the board of many corporations and institutions.

He was a benefactor of many local charities and was treasurer of the Maryland School for the Blind and theMercantile Library.

The Newcomer collection suffered from a burglary in 1913. Various estimates of value were published butit was around $30,000. A burglar alarm had been installed shortly before the theft. One of the electricians, FrederickHoltz, rented a safety deposit box and paid for the box with a $50 California Territorial gold coin. The manager ofsafe deposit boxes, Stanley Walker, showed the coin to S. H. Chapman who recognized it as a coin he had sold toNewcomer. The coin was traced back to the electrician who was arrested. It was reported that about 1250 pieceswere taken. Only 151 pieces were recovered from the safe deposit box but they represented 60% of the value of thecollection. Holtz had difficulty disposing of the silver coins so he dumped $2,442 in face value into the HudsonRiver off Weehawken. At the time of his arrest Holtz was penniless and had to borrow an overcoat to protect himselfon the trip back to Baltimore.

At the 1916 ANA convention he exhibited some of his collection including private gold. He showed his1804 dollar and Gobrecht Dollars. He bought the Granberg collection and Heaton collection. In 1917 he sold about$20,000 worth of duplicates to B. Max Mehl.

His collection has been described as the greatest coin collection never to have appeared at auction. TheNewcomer collection was sold to B. Max Mehl during the Depression in October 1931 for $250,000. The collectionincluded an 1804 dollar sold to Colonel Green. He had the Trade Dollars of 1884 and 1885. He had an 1853 halfwithout rays or arrows. There were 130 different Half Eagles including an 1854-S. His $3.00 and $2.50 gold setswere complete. He had 75 varieties of Massachusetts silver coins. One of his two Brasher Doubloons sold toColonel Green. These were just part of his extensive run of private and territorial gold. He had 120 encased postagestamps. Mehl sold off the collection at fixed prices.

The Newcomer pattern collection was sold at auction by J. C. Morganthau.

He died in Honolulu and is buried at Woodlawn Cemetery in Baltimore.