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|Chester L. Krause|
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Chester Krause was born on December 16, 1923, in Helvetia, Wisconsin. As a child, he became interested in coins and stamps, and eventually amassed his own collection. His family's home was destroyed by a fire in 1940, but his coin collection managed to survive. Following the fire, the family moved to the neighboring town of Iola.
Krause graduated from Iola High School in 1941, but was drafted into the United States Army shortly after, in 1943, during the height of World War II. He was assigned to the 565th Anti-Aircraft Battalion under the allocation mechanic. His unit was eventually tasked with protecting the 3rd Army headquarters under General George S. Patton (1885–1945) at the Battle of the Bulge, and later the ports at Camp Lucky Strike and Antwerp.
Krause finished his military work in 1946 and returned to Iola, where he became employed as a carpenter. His interest in numismatics eventually led him to establish Krause Publications in 1952, and publish a newspaper entitled Numismatic News, which continues to be printed today. At some point, Krause joined the American Numismatic Association. He was appointed as a member of its Board of Governors in 2007, and then again in 2009. Krause retained his second term until his resignation from the Board in 2010.
Krause was affiliated with the National Advisory Council (NAC) of Marshfield Clinic for several years.