Born near Iola, Wisconsin. He served as an auto mechanic in the Army during WW II 1943 to 1946. This led to his later collection of military vehicles. In the contracting business 1946 to 1952. Chairman of the board of Krause Publications since 1952. He began publication (bi-weekly) of Numismatic News in 1952. He contributed "Chit Chat from Chet" in early years, later called "Chet Chat". In October 1961 he began publication of Coin Press. NN became a weekly paper January 7, 1969. Krause Publications also publishes World Coin News and Bank Note Reporter.
Author with Virginia Culver of Guidebook of Franklin Mint Issues in 1974. Co-Author of Standard Catalog of World Coins. He served on the Assay Commission for 1961. He received the ANA Medal of Merit in 1967 and the Farran Zerbe Award from the ANA in 1977. He is pictured on the 1986 ANA convention medal. In 1989 he was elected to the ANA Hall of Fame. Received the Glenn Smedley Memorial Award in 1991. He was named Numismatist of the Year in 1999. Received the Burnett Anderson Memorial Award for Excellence in Numismatic Writing in 2009. Elected to the ANA board in 2007. He resigned in 2010. In 2014 he was inducted into the SPMC Hall of Fame.
His extensive collection of Wisconsin obsolete notes was sold at auction in 2009. Author with Arlyn G Siebert of his 2008 biography, I’m Chet.
bio: WWA 94, 04; WWMW 88 obit: CW 7/18/16
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Wisconsin Obsolete Bank Notes and Scrip. This is an in-copyright publication. "Snippet" results will appear in the Newman Portal search results.
Standard Catalog of United States Paper Money by Chester L. Krause, Robert F. Lemke and Robert E. Wilhite. This is an in-copyright publication. "Snippet" results will appear in the Newman Portal search results.