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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP2020年8月#3-美国钱币

Lot:2142 1825 John Quincy Adams Inaugural Medal. By Moritz Furst. Julian PR-5, Neuzil-45. Silver. Extremely F

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世界钱币

USD 12500

SBP2020年8月#3-美国钱币

2020-08-08 00:00:00

2020-08-08 03:00:00

USD 9600

SBP

成交

1825 John Quincy Adams Inaugural Medal. By Moritz Furst. Julian PR-5, Neuzil-45. Silver. Extremely Fine.50.9 mm. 838.2 grains. Deep slate toning dominates the obverse, though nuances of steel-blue and rose iridescence are detected in the fields. The reverse is a bit lighter, with more vibrant blue and rose toning and a bit of silver gray showing through. Deep gray, similar to the obverse, is seen at the rims. Traces of prooflike character remain in the fields on both sides. Sharply detailed throughout, though there is a trace of rub on the highest points and a few small rim nicks on both sides. This example appears to have a complex history, though much of it is unknown beyond the fact that it turned up in a Pennsylvania estate sale about a decade ago, with a few other medals of far less significance. Close inspection of the surface reveals areas of light porosity, mostly at the rims and near STATES on the obverse, and intermittently through the upper field on the reverse. The toning has considerably minimized the visual impact, however, and the overall aesthetic is still quite satisfying considering the overall sharpness. A small area of the edge is decorated with a series of small crosshatch marks -- another unusual and intriguing detail, but of little overall consequence.<p>According to Neil MacNeil, writing in his book, <em>The Presidents Medal,</em> the Adams inaugural was a private enterprise taken on by Furst alongside his official contract to cut dies for the Indian Peace medals. This interesting account pertaining to the Inaugural is given in the book:<p><em>"After Furst had the die cut, he sent an impression from it to the President and requested an order. He wanted Adams as a patron. I have oppend a subscription paper, for the purpose to collect subscribers, he wrote Adams, and as soon as I have obtained a sufficient number of subscribers, I shall get the Medallions coined."</em><p><em></em>Adams did indeed order 10 medals. However, he was not impressed with the work, and apparently not so much with Furst, either. Again, according to MacNeil, Adams wrote in his diary of Furst, "The man is pinchingly poor, both in purse and as an artist." Adams was charged $10 each for the silver medals he ordered, and if his description of Furst as "pinchingly poor…in purse" is accurate, it would stand to reason that Furst would not have produced other silver examples on speculation. The cost was deemed high by Adams, who had direct personal interest in the medal. Presumably others might have felt the same about the price, and would have naturally had less reason to spend for one. It might well be the case, as suggested by the rarity of the issue today, that the 10 struck for Adams were the only ones made in silver.<p>Our auction archives, covering about 15 years of sales records, include a few examples of the John Quincy Adams inaugural, but nearly all are in white metal. Only a single specimen in silver appears, that being the "Gem" from the John J. Ford, Jr. collection that realized $37,375, in 2005. Michael Hodder commented in the description of the Ford piece that this medal was "undoubtedly, extremely rare in silver," and the fact that we have seen none since suggests he was quite correct. Our (Bowers and Ruddys) sale of the fabulous Garrett Collection also included one. That medal had a prominent oxidation spot behind Adams head and still realized nearly $10,000, all the way back in 1981. Other examples are in the institutional collections of the Massachusetts Historical Society, and the American Numismatic Society. Clearly, opportunities to acquire this medal in silver are precious few and very far between.

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