What Does $18 Million Buy These Days?

On June 8, 2021, Sotheby’s auctioned the Stuart Weitzman Collection. The auction consisted of three of the rarest items in the world, including the Farouk-Fenton 1933 Saint Gaudens Double Eagle. It is the only 1933 Double Eagle coin that anyone who can afford it can legally own.

The coin sold for $18,872,250!

Although not confirmed by Sotheby’s, the price realized suggests that it includes the buyer’s premium. Sotheby’s has not disclosed the buyer’s name.

Farouk-Fenton 1933 Saint-Gaudens $20 Double Eagle was sold by Sotheby’s for $18,872,250 in a June 2021 auction.
(Picture Credit: PCGS)

Arguably, the most famous coin in the world, the price was over the auction estimate of $10-15 million but under what the numismatic industry expected. The price is significantly more than the $7,590,020 paid in 2002 for the coin, including $20 to monetize the coin officially. The auction included the U.S. Mint’s monetization certificate.

U.S. Mint’s Certificate of Monetization for the Farouk-Fenton Double Eagle (Picture Credit: Sotheby’s)

Also included in the auction was The Inverted Jenny Plate Block sold for $4,860,000 (estimated at $5-7 million), and The British Guiana One-Cent Black on Magenta stamp that sold for $8,307,000 (estimated at $10-15 million).

Numismatists may want to save the catalog link for the sale of this coin. Sotheby’s catalog listing includes the coin’s history with an updated history of the other 1933 Double Eagle coins. The update includes the ten coins “discovered” by Joan Langbord, daughter of Israel Switt, and her family’s fight to retain ownership. Documentation from court filings adds to the story.

David Tripp wrote the original catalog description for the first Sotheby’s/Stack’s auction. In 2004, Tripp published his research in Illegal Tender. Given the new information, would it be worth updating the book?

Philly students visit Mint and Fed


As you know, I took on a project to fund a trip for the sixth grade class of Juniata Park Academy of Philadelphia so that they can visit the Philadelphia Mint and Federal Reserve Bank of Philadelphia to learn more about their money and how it plays into their everyday lives. I received a note from the DonorsChoose.org, the non-profit site the helped raise the funds, that Ms. Janas, the teacher at Juniata Park Academy, posted a note about the trip. She wrote:

Dear Scott,

We just completed our trip to the Federal Reserve and U.S. Mint on Friday. Even in the chilling temperatures, the enthusiasm was in full swing. One of the highlights of the trip was seeing all the money in both places we visited. Between coins and currency, the students were overwhelmed with how the coins originated, their artists and all the interactive activities that helped them understand how our money is made and all the safety measures that are taken to secure it. They could not believe that under the Federal Reserve Building were two vaults which each are the size of a football field.

They gave us samples of shredded currency at the Federal Reserve and we saw coins being processed in the U.S. Mint. Going through security screening was quite interesting because most of the students didn’t realize that any metal sets off the alarm and many alarms went off. It helped them understand how security works with government locations.

We will be going over our scavenger hunt that we completed at the Federal Reserve and additional information I received about the mint. Also this week one of our donors will be visiting our classroom to give us more hands on knowledge of coins. This was a great trip and we appreciate all of our donors giving us the opportunity to take this trip this year.

With gratitude,
Mrs. Janas

I am so excited for these kids and glad they got the opportunity to go to both places.

As promised, I will be visiting Juniata Park Academy. Aside from bringing pieces of my collection for them to see, I am also bringing gifts. After all, it is the holiday season! Since I will not be coming home right away, my cousin and I will be at the football game at Lincoln Financial Field (Go Big Blue!), I will report on my visit over the weekend.

UPDATE: Pictures were added to the original note at DonorsChoose.org. Go there to see them!

Save now for the 2019 Apollo 11 Commemorative Coins

Artist’s conception of the common reverse for the 2019 Apollo 11 commemorative coin program.

Every year since coming into office, President Barack Obama and his family packs up and flies to Hawaii for an end of the year vacation. Obama was born in Hawaii and still has some family on Oahu. Before leaving Washington, he will sign whatever bills are sent to him by congress. According to the White House News Feed, President Obama signed the Apollo 11 50th Anniversary Commemorative Coin Act on Friday, December 16, 2016!

Based on my posts from the last few weeks, I am sure you can tell I have a fascination with space. In fact, if there is such thing as reincarnation, I want to come back in the future to be able to travel around the universe in a manner similar to what we see in the movies. It is sad that there is no real enthusiasm for space exploration as there was when Apollo 11 landed on the moon!

In July 1969, my family lived in the Long Island suburbs of New York. The year before Apollo 11, my father bought a new, large RCA color television. Aside from learning that the beginning and end of Wizard of Oz was in black-and-white, I was able to watch the launches of the world’s largest Roman candle, the Saturn V rocket. Before Skylab and the Shuttle programs, it was a marvel of human achievement. I loved watching the liftoffs from Cape Kennedy and always wanted to go see one in person. I never did get to see a rocket launched, but I hope to some day.

This was a time when kids went outside to play, even in the summer evenings. We played a lot of baseball-related games including setting up a “field” in the street. Nobody was in the street. We were all home watching television and watching overhead shots of Mission Control in Houston. Even through the television, you could sense the tension until Neil Armstrong announced, “Houston, Tranquility Base here. TheEagle has landed.”

It wasn’t until years later when I learned more about the Cold War when I understood why it was more important for the United States to land and walk on the moon first. All I knew was it was very cool that an American was up there. It made Star Trek seem possible!

The moon walk was Monday night. Again, we were staring at the television watching the enactments as to what to expect. There were mockups of the Lunar Module and astronauts demonstrating what Armstrong was supposed to do. I remember the concentration on the “D-Ring,” the D-shaped handle that Armstrong had to pull on to open the door that had the camera. There was a question that the ring had to survive the landing and that the door could have jammed. We would have a historical moment without it being recorded on video!

“These are the first pictures ever broadcast from the moon,” was the words by whoever was on television. I remember the words but not who said them. Pulling on the D-ring worked and the world was watching. We watched as Neil Armstrong climbed down the ladder onto the surface of the moon. After a brief stop to remove the cover on the plaque that was attached to the ladder, Armstrong put both feet on the footpad of the lunar module. After a quick bounce step from the footpad to the surface of the moon, Armstrong gave his famous like, “That’s one small step for [a] man, one giant leap for mankind.”

There has been a “controversy” about whether Armstrong said “… one small step for man,” or “… one small step for a man.” Whatever is the correct version does not take away from the feat and the fact that Neil Armstrong was the first human being to set foot on Earth’s only natural satellite!

While NASA was the inspiration for many of the modern technologies we enjoy today, only Apollo 11 took it to the level of defining U.S. technology. While Skylab and the Shuttle programs were far more advanced, Apollo 11 stands as one of the 20th-century’s most amazing feats.

Needless to say, I am excited!

  • Commemorative program issued in 2019
  • Required design elements:
    • Convex in shape “to more closely resemble the faceplate of the astronaut’s helmet of the time”
    • “The Secretary shall hold a juried, compensated competition to determine the design of the common obverse of the coins minted under this Act, with such design being emblematic of the United States space program leading up to the first manned Moon landing.”
    • Winning designer to receive no less than $5,000 for their design.
    • Common reverse design “shall be a representation of a close-up of the famous ‘Buzz Aldrin on the Moon’ photograph taken July 20, 1969, showing just the visor and part of the helmet of astronaut Edwin ‘Buzz’ Aldrin, in which the visor reflects the image of the United States flag, astronaut Neil Armstrong, and the lunar lander.”
  • Mintage Limit: 50,000 $5 gold; 400,000 silver dollars; 750,000 clad half-dollar; 100,000 five-ounce silver proof dollars
  • Surcharges of $35 per $5 gold; $10 per silver dollar; $5 per half-dollar; and $50 per five-ounce bullion.
  • Payouts: 50-percent to Smithsonian Institution’s National Air and Space Museum’s “Destination Moon” exhibit; 25-percent to the Astronauts Memorial Foundation; and 25-percent to the Astronaut Scholarship Foundation.
I may not be much of an artist but I can play a little with Photoshop!

Return of the Centennial Gold Merc

The U.S. Mint announced that they will sell off the remaining Mercury Dime 2016 Centennial Gold Coin starting at 12 Noon Eastern Time on Thursday, December 15, 2016. Although the website says the price is $200, it is likely that the opening price may be $205 based on the U.S. Mint Centennial Gold Price Grid and the average price of the London Gold Fix.

Order limit will be one per household.

Coins that will be on sale are coins that were left over when the sale was closed earlier this year, orders that were not completed for many reasons including credit cards that could not be processed, and a few returns that are not “spoiled.” If you order, you will not receive coins that were damaged and return.

There are only a few thousand left. Good luck!

Royal Canadian Mint celebrates Star Trek’s 50th

Space: the final frontier.
These are the voyages of the starship Enterprise.
Its five-year mission: to explore strange new worlds,
to seek out new life and new civilizations,
to boldly go where no man has gone before.

I admit to being fascinated by space and space travel. This has to go back to my watching the Mercury and Apollo missions as a youngster. Even then, I would watch most television shows that were based on space or something about space including the comedies Lost in Space and My Favorite Martian.

During its first run, I was able to watch Star Trek during its last season. When it was picked up in syndication and played on the independent television stations or late at night, I would watch and become a bigger fan. In college, it was common to walk into the TV Lounge to see the television tuned to Star Trek, especially late at night.

When Star Trek: The Motion Picture was released in 1979, I was able to see it during my December break from college. No, it wasn’t the best of the movies, but it was Star Trek. I was a fan of Star Trek: The Next Generation and I have seen all of the movies except the most recent—which I will catch when it is available on cable!

Aside from being great stories, Star Trek has inspired generations. Look at the technology that is in use today. Cell phones were inspired by the communicators; the ship’s computer with its infinite database processing is now in supercomputers of today, like IBM’s Watson; while Majel Barrett was the voice of the first computer, we now have Siri, Cortana and Alexa on portable devices; large flat screen displays are now our television; intelligent personal assistants went from the personal digital assistant (PDA) to being integrated with our computer that can now speak to us; then there is the universal translator; tablet computers; video conferencing; even something like Transparent Aluminum (Star Trek IV: The Voyage Home) exists in something called aluminum oxynitride (ALON). And remember, Scotty gave the formula for transparent aluminum using a quaint keyboard on a Macintosh!

Yes, I am a hard-core fan. But I have never been to a convention! I never really wanted to go. I did meet William Shatner when I was working for NBC, but that is another story for another time.

The Royal Canadian Mint has produced a set of coins for Star Trek fans. As part of the series, the Royal Canadian Mint produced three half-ounce silver coins with enameled images of Spock, Uhura, and Scotty; one ounce coins with images of iconic scenes: Captain Kirk in “Trouble with Tribbles,” the evil Spock and Dr. McCoy in “Mirror, Mirror,” and the time machines image that was in “The City on the Edge of Forever” which featured a guest appearance by Joan Collins. They are nice coins even though they are enameled. However, I think they are too expensive. It’s probably because of the licensing fees.

Of course, I had to get something. I decided to buy the $20 for $20 silver coin, Star Trek: Enterprise. It is a 7.96-gram silver coin with a face value of $20 with the reverse showing an image of the U.S.S. Enterprise and the Star Trek 50th Anniversary logo. The obverse has the portrait of Queen Elizabeth II, as required for all Canadian coins. While the RCM calls the finish “specimen,” it resembles a reverse proof. Not only is this $20 in Canadian funds, which is $15.22 in US funds as I type this, but there is also free shipping!

I also decided to buy was the stamp and coin set produced jointly with the RCM and Canada Post. The set includes a nickel-plated steel 25-cent coin with an engraved center surrounded by enamel ring with six different views of the U.S.S. Enterprise (NCC-1701). The stamp features Canadian-born actor William Shatner as Captain James T. Kirk with the U.S.S. Enterprise orbiting a red-colored planet in the background. Also included is a coil stamp produced as a collectible sheet featuring the U.S.S. Enterprise and a Klingon D7-class battle cruiser from the episode Day of the Dove.

You can buy the set from the RCM for $34.95 in Canadian funds, which is $26.60 in US dollars. If you buy the stamp and coin set separately, you will pay postage. However, if you buy both coins together, the RCM picks up the postage.

Before I forget, the Royal Canadian Mint will only ship directly to addresses in Canada and the United States. Collectors in other countries will have to contact a dealer.

Apollo 11 commem bill passes Senate

On Friday, December 9, during an early evening session under suspension of the rules, the Senate passed the Apollo 11 50th Anniversary Commemorative Coin Act (H.R. 2726). Since the bill was passed in the evening, it will be engrossed.

When a bill from congress is passed it is then engrossed. Engrossing a bill is the formal printing of the bill parchment or other paper of suitable quality, signed by the Speaker of the House and the designated presiding officer of the Senate (either the Vice President, President Pro-tempore, or the Majority Leader), and then sent to the White House for the President’s signature. When the president signs the engrossed bill, it then becomes law and given a Public Law number. The Public Law number is made up of the session congress, 114 as the 114th congress, and a sequence number.

I suspect that before the end of the week, the Apollo 11 50th Anniversary Commemorative Coin Act will be the law!

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