Coin Collecting is considered the world ’ south oldest and most rewarding hobby of them all. Coins tell the floor of world from the begin of early monetary systems to nowadays ’ s economic structure. Every mint has a floor to tell, where you can hold history in your hands .
Rare coin roll up was originally known as the Hobby of Kings, because many members of Royalty have engaged in this passion, over many continents, spanning many decades. rare Coins have been collected for centuries. Coin collecting dates to ancient Rome from the first Century, and nowadays the avocation has elevated to a science that is enjoyed worldwide. There are many celebrated american collectors that have built historic U.S. coin collections since the opening of the U.S. Mint in 1792 .
While it may have once been known as the “ hobby of kings, ” today it has become the “ king of hobbies. ” In fact, due to a groundswell of new collectors in the past ten years, the U.S. Mint recently estimated the total of coin collectors in America alone to now be upwards of 140 million. The rich and celebrated have always collected coins as part of their ancestry or for investment and pleasure in the joy of owning a rare coin that no one else has. The stick to are some of the more luminary coin collectors and their rare coin collections .
Famous Private Coin Collectors
Mint Cabinet Coin Collection
In June 1838 the Mint Cabinet was begun by Adam Eckfeldt, the chief coiner at the U.S. Mint. He presented many valuable pieces which he had collected earlier. Working at the U.S. Mint since its beginnings in 1792, Eckfeldt was in the arrant status to be surrounded by the finest specimens of early neologism .
He began his personal solicitation early on, and frequently exhausted money on coins from his own funds to acquire special coins for the Mint. At the time it was a commit to keep on hired hand congressman samples of stream and late neologism, and these were incorporated equally well. He would set aside the finest U.S. coins from each class, in hopes to someday establishing a conservatory of coins. Eckfeldt put aside his “ overlord coins ” which he struck with extra caution using raw dies and polish planchets. He besides put aside concern foreign coins sent in to the mint as bullion. This collection was turned over to the Smithsonian between 1923 and 1928. Although there is no count of the objects sent over from the Mint, based on the 1914 Mint compilation, there were approximately 14,000 items .
Smithsonian Coin Collection
The Smithsonian Collection is known as the National Numismatic Collection ( NNC ) which is the home coin cabinet of the United States. The collection is separate of the Smithsonian Institution ‘s National Museum of American History, located in Washington DC. The Smithsonian ’ second NNC is one of the largest numismatic collections in the world, and the largest in North America, and includes approximately 1.6 million objects of numismatic rate. The Smithsonian now houses closely 20,000 United States coins, including Colonials, Territorial issues, patterns, and other Americana issues. The Smithsonian Collection besides contains more than 460,000 world coins .
The majority of the collection comes from two sources. First was the U.S. Mint Cabinet Collection, begun in 1838 when Adam Eckfeldt, the Chief Coiner, turned over to the Philadelphia Mint the limited coins which he and early coiners collected and had set aside over the years. The second major beginning was the fabulous Josiah Lilly collection of amber coins which was donated in 1968, this requiring an act of Congress to allow the family to take millions of dollars in tax deductions !
Josiah Lilly – 1893-1966 (73 years old)
Josiah K. Lilly, Jr., a third-generation headman executive of the Eli Lilly Pharmaceutical Company, was a collector extraordinaire. He was one of a kind, with the money to fulfill his collecting desires. His love for gold coins, postage stamps, early on editions of English and American literature, antique America guns, military history, and uniforms, surely qualified him as “ Mr. Collector ” of the mid-20th century .
At his death in 1967, his collection of gold world coins numbered 6,125 specimens. It comprised 1,227 U.S. gold coins, 1,236 Latin America coins, 3,002 european coins, and hundreds of ancient, African and Far East gold coins. It was in truth a landmark collection as it contained many “ finest known ” and respective singular specimens. There were no duplicates, as each of these coins were different. Lilly assembled his epic coin collection over a 17-year period .
The executors of the J.K. Lilly estate of the realm amply realized what a singular collection they had and sought to maintain it entire. They realized that no amount of time, campaign, or money could ever duplicate it. The Curators of the National Numismatic Collection lobbied to help obtain the “ jewel of coin collections ” for a permanent home plate in the National Numismatic Collection. In exchange for the contribution, the Lilly family was granted a tax deduction of over $ 5.5 million, a union unequalled at the fourth dimension. nowadays, if the Lilly family kept the mint collection for themselves, they would have an asset valued at more than $ 400 million today… but some things are more significant than money .
ANA Museum Coin Collection
The American Numismatic Association headquarters in Colorado, houses the ANA Money Museum which includes over 250,000 objects encompassing the history of numismatics from the earliest invention of money to modern day. The collector’s item of the museum is the Harry W. Bass Jr. coin collection. This is the most dispatch collection of US gold coins, experimental model coins and paper money. Many of the coins in this solicitation are highly rare, one-of-a-kind specimens .
The museum has a variety of exhibits which are changed sporadically. In addition to its across-the-board coin solicitation, the museum has great displays of U.S. paper money, tokens, bank drafts, and other items of historical pastime. The museum offers changing exhibits about money in history, art, archeology, bank and economics, and coin collect, and houses the largest numismatic lend library in the worldly concern .
Harry W. Bass – 1927-1998 (74 years old)
An active collector and quintessential philanthropist, Harry W. Bass Jr. was a life penis of the ANA for more than 30 years. He was awarded the Medal of Merit in 1989 and was inducted into the Association ‘s Numismatic Hall of Fame in 1998. Bass ‘ pastime in numismatics began in the mid-1960s. He joined the ANA in 1966 and spent a class studying the subject before he actively began mint collection .
soon after entering the field, he defined his goal ; to collect United States-issue gold coins from 1795 to 1933 by date and mintmark, with particular attention to die varieties of early on U.S. gold. He made many authoritative numismatic discoveries while creating the most complete collection ever assembled, including many one-of-a-kind specimens. Harry W. Bass formed one of the greatest collections of early U.S. gold types and patterns ever. Bass was an extraordinary serviceman, and his brilliant collections clearly are the finest of their kind. cardinal to the collection is a celebrated typeset of basically all known die varieties of the early ( 1795 to 1834 ) United States gold mint denominations in the finest potential circumstance. The American Numismatic Association concluded arrangements with the Harry W. Bass, Jr. Foundation of Dallas, Texas, to accept the belated numismatist ‘s “ core collection, ” on indefinite loanword and available for viewing to the populace .
Virgil M. Brand – 1862-1926 (64 years old)
Coin collector Virgil Brand was born in Chicago, where he finally worked as a bookkeeper in his father ’ s occupation, the Michael Brand Company Brewery, after the death of his father, Virgil formed the Brand Brewing company with his two brothers and a cousin. As Virgil ’ s luck grew, he developed an concern in mint collection in 1879. Brand excelled in numismatics, he became one of the most active agent rare mint buyers in America, finally amassing one of the greatest individual collections of all time. In 1907 he formed the Chicago Coin Company, and when it closed in 1915, the entire unsold inventory was transferred to Virgil Brand, who besides served as president of the united states of the Chicago Numismatic Society .
Virgil Brand added to his collection at an incredible rate without regard for duplicate, he collected multiple items of great curio. history has called him “ a numismatist ’ sulfur numismatist. ” At his death in 1926, his collection contained good over 350,000 coins, valued at $ 2 million or more at that time .
Colonel EHR Green – 1868-1936 (68 years old)
Edward Howland Robinson “ Ned ” Green, besides known as Colonel Green, who was an american businessman, and the only son of the ill-famed miser Hetty Green ( the “ Witch of Wall Street ” ). She was celebrated as a phenomenally successful businesswoman, reading the fiscal pages of the newspapers for her father ‘s benefit from the long time of six, finally amassing a luck, but never wanting to spend it. She died the richest womanhood in the world at the time. After his mother died in 1917, he inherited massive amounts of money, and he spent her money a stormily as she had hoarded it.
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green purchased multiples of many major rarities. He had an incredible collection of coins, and was known to buy entire trader inventories, as he was a much a hoarder as a collector. He owned many greatest rarities, including all five 1913 Liberty Head V Nickels, the 1804 argent dollar, and the 1787 Brasher Doubloon. At his death in 1936, his coin collection was estimated at $ 5 million, a stagger sum at the time. The massive solicitation was sold privately in the late 1930s and early 40s, in groups to major mint dealers .
Louis E. Eliasberg, Sr. – 1896-1976 (80 years old)
Louis E. Eliasberg, Sr. was an american financier and numismatist from the mid-1920s until the late 1970s. early on he set a goal to own every Federal issued U.S. coin. As a highly successful banking executive in Baltimore, he was fortunate in that many great rare coin collections came on the market in the 1940s. In 1942, the New York tauten of Stack ’ second sold the stallion John H. Clapp solicitation to Eliasberg for $ 100,000, which brought him near to achieving his goal to own every unmarried U.S. coin issue. He was able to pick up remaining rarities from such collections as F.C.C. Boyd, and others. On November 7, 1950, Eliasberg was able to achieve his goal when he purchased the last US aureate coin and eloquent dime bag missing in his collection .
Eliasberg had reached his collecting goal within a ten. He had completed a coin solicitation containing a specimen of every U.S. coin of every date, metal, denomination, and mint mark always struck which were known as of that date. The Eliasberg collection did not distinguish between proof and circulating strikes and die variations were not emphasized. No one had ever accomplished this coin collecting feat before, and probably no one will ever accomplish it again, making his the most comprehensive examination U.S. numismatic collection of all time .
Eliasberg was known as “ The King of Collectors. ” He loved sharing his collection with the numismatic community through assorted exhibitions, and he was even featured in an article in LIFE magazine on April 27, 1953. From 1950 until his end in 1976, he concentrated on keeping his collection current, adding a few better condition pieces systematically over meter. After his death, he divided his collection between his two children, who auctioned the Eliasberg collection over three sales from 1982 to 1997, realizing around $ 50 million
John Jay Pittman – 1913-1996 (83 years old)
John Jay Pittman was an ordinary work guy, who made a luck by collecting classic U.S. aureate and ash grey coins over time. John Jay was the oldest of seven Pittman children, he learned early on the rate of money, working since he was 7 years honest-to-god, and he did whatever it took to survive. early in life, after his grandma gave him a handful of coins, he was bewitched by the bait of history, people, and faraway places. His hobby for coin roll up became a lifelong passion. He realized cognition was the key to the future, read and studying became a passion. He worked his way through school, and after gradation he went to work for Kodak as a Chemical Engineer, and moved to Rochester, N.Y. in 1936, only earning $ 15,000 a year .
Pittman was of minor means, but through instinct, cognition and sheer force of will, he assembled one of the most stun collections of United States coinage always. He proved that the most successful way to rare mint investing is to “ Think like a collector ” which he did, all on a identical limited budget. Pittman focused on undervalued rare and esoteric coins, rather than trying to purchase major rarities. He avoided participating in eminent priced auctions and played the waiting game to purchase the mighty coins at the proper price. JJ Pittman learned how to double, ternary, quadruple his profit over time with rare coins. He invested less than $ 75,000 to build his collection from the 1950s to the 70s. John Jay Pittman received an excellent return on investing during his life, through the excitation and enjoyment of his mint collection, and after his end, his syndicate enjoyed a health ROI on his rare coin investment .
After his death in 1996, his class took his collection to auction. The Pittman sale was one of the most exquisite coin collections in the history of the world, yielding an astonishing 30,000 percentage hark back on investment ! Because of his prevision, his family will never have to worry about money again. His $ 75K coin collection was auctioned off between 1997 to 1999 in three populace auctions for over $ 30 million dollars ! Friends and kin watched in awe as coin connoisseurs spend record amounts. They shook their heads in unbelief, saying, “ He was mighty all this time about those dang coins ! ”
Famous U.S. Presidents Who Collected Coins
many U.S. Presidents have had a love for coins and collecting. From George Washington, who greatly desired that America have its own coinage and signed the Mint Act of 1792, to Alexander Hamilton, Secretary of the Treasury, who prepared plans for a national Mint, and Thomas Jefferson, Secretary of State at the time, did much of the initial basis to establish the United States Mint .
• President Jefferson was a numismatist who built a diverse collection from around the universe. He had an array of coins and money ranging from contemporary european issues to ancient coins .
• President John Quincy Adams was one of our nation ’ s most big mint collectors in his earned run average. His involvement was in general numismatic motivation and had interests in the evolution of currentness .
• President Roosevelt, nicknamed FDR, collected coins, and has appeared on the dime bag since 1946. As a Polio victim, he led the efforts for the March of Dimes in the eradication of poliomyelitis .
Famous Actors & Entertainers Who Collect Coins
Movie stars have constantly used gems and jewelry to build up their trope, but privately many of them collect rare coins. From previous clock time stars like Joan Crawford collected boxes that were rumored to be filled with rare coins, to current Hollywood stars like Kate Hudson and Matthew McConaughey, who got caught up in coin collect after their 2008 movie, “ Fools Gold, ” which was based around lost ancient spanish coins .
many movie stars that are intrigued by numismatics. James Earl Jones is an applaud actor known for a wide-eyed variety of movie roles, is besides a numismatist. He is featured in a film documentary about coins called “ money : history in Your Hands. ” Nicole Kidman is one of Hollywood ’ s biggest mega-stars and a mint collector. She has a fascination for ancient coins and has begun collecting them. Comedy acting leading, Jack Black, admits being a numismatist with interests from U.S. issues to ancients. Jack had an 1847 he was excited about, until a friend gave him 3 coins, one being Roman first century .
Some television Stars besides have developed a beloved for collecting rare coins. Buddy Ebsen, the actor who played Jed Clampett on The Beverly Hillbillies, was an avid coin collector. He loved the hobby and respected the history behind each of the U.S. gold coins he owned. Penny Marshall, known as Laverne on Laverne & Shirley, and a note Hollywood Director, collects coins. Her nickname was “ Penny ” because she once saved pennies to buy a sawhorse, and today, she still attends coin shows. Famous actor, John Larroquette, has besides become intrigued in coin collect. He has recently been seen at respective custom coin conventions and rare mint shows.
Music & Sports Stars Who Collect Coins
There are luminary Musicians who became avid mint collectors over the years, from previous time favorites like Hoagy Carmichael, who was one of America ‘s capital composers, and was besides one of the capital mint collectors of his time. Hoagy ‘s celebrated coin collection brought top dollar because they were some of the most beautiful known. today, even mega-stars like Paul McCartney, have a love for collecting coins. In the 1960s, the Beatles were pelted with pennies on stage, which they collected after the appearance. This started McCartney ‘s interest in collecting coins from around the world .
The sports populace has many professionals who have the money to create bang-up mint collections, like Basketball Star, Kareem Abdul-Jabbar. Besides being an NBA Legend, Kareem is known for his passion for guns, amber and glory. He started collecting sport cards as a pull the leg of and expanded his interests into rare aureate coins. even NBA Lakers Owner, Jerry Buss had been collecting coins since he was 10 years old. He said he doesn ’ metric ton “ invest ” in coins, he “ collects ” them. He purchased extreme rarities like the 1913 Liberty “ V ” nickel, 1894-S Dime, and 1804 burst silver dollar. Hockey Star, Wayne Gretzky, the king of field hockey, is himself is a member of the ‘ king of hobbies ‘. His interest stemmed from a fiscal point of view preferably than a cultural or historical curiosity. Baseball Star, Andre Dawson, a Hall of Fame inductee and world-renowned baseball musician, is besides a serious coin collector. His solicitation, considered one of the finest, was recently auctioned off for a lucrative union .