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The company was started by Chet Krause upon the publication in October 1952 of the first issue of Numismatic News. They are best known for its Standard Catalog of World Coins, South Asian Coins and Papermoney, a series of numismatic catalogs commonly referred to as Krause-Mishler catalogues or simply Krause catalogues, they provide information, pricing, and Krause-Mishler (KM) numbers referring to coin rarity and value. Krause-Mishler releases a yearly catalogue of world coins with values and KM numbers. Krause-Mishler numbers are the most common way of assigning values to coins. In addition, they established the Coin of the Year Award.
Krause Publications also publishes paper money catalogs, knife collector price guides and formerly the comics industry magazine Comics Buyer's Guide.
In July 2002 Krause was acquired by F+W Media.
- Hagerty, James R. (2016-07-08). "Chester Krause Built a Big Hobby Magazine Publisher in a Tiny Wisconsin Town". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-11-06.
- "Obituary for Chester L. Krause at Voie Funeral Home". www.voiefuneralhome.com. Retrieved 2017-11-06.