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The E-Sylum: Volume 6, Number 32, August 10, 2003, Article 9 LILLY GOLD BAR PRONOUNCED A FAKE One previously-thought fake was declared genuine, and another famous numismatic item was declared fake. In what would have been front-page news in the numismatic press were it not for the hoopla over the 1913 Liberty Nickels was a presentation at the ANA convention by Bob Evans, Fred Holabird and Dave Fitch where they presented their evidence that the Justh & Hunter gold bar in the Lilly collection at the Smithsonian Institution is a modern forgery. NBS Vice-President John Adams attended the presentation and sends this report: "The subject of Western precious metal ingots has been a hot one in recent years. Some new light was shed on the subject at a Numismatic Theatre presentation at ANA 2003. The talk was appropriately entitled "The Good, The Bad and the Ugly." Three scientists who were intimately involved with the recovery of treasure from the S.S. Central America - (Bob Evans, Fred Holabird and David Fitch) - gave a well-illustrated presentation. Unfortunately, a late start foreclosed any opportunity for Q&A. The first 45 minutes of the talk were devoted to establishing the authors' mining credentials (impeccable), expertise in analytical instrumentation (considerable) and knowledge of Western history (well up the learning curve). Whereas some analytical data were discussed, most was held in reserve to be used against future perpetrators of fakes, to whom the speakers said "We will bust you". The final 15 minutes of the talk were devoted to much-awaited comments on good ingots and bad ingots. First discussed were some well known fakes, such as a series of ingots ostensibly from Wells Fargo. Then the authors turned to four ingots in the Smithsonian Collection. One of these was deemed a fake, one was considered doubtful and two (one gold ingot and one silver) were declared to be genuine. The ingot declared a fake was done so partly on historical grounds that there was evidence that the alleged maker, Parsons & Co., never made any gold bars at all. In the talk - but not in the published paper - the authors alluded to another Parsons bar which, being traceable back to ownership by a well-known California family in the 19th century, is almost certainly good. The whole subject is a complicated one. Not discussed in the one hour available were future plans, if any, to test the many remaining bars at the Smithsonian. Nor were any plans put forward to test/validate the many ingots now in collectors' hands. Thus this category of numismatics is likely to remain in limbo until future publications by the Evans group, a rumored paper being written by John Kleeberg and/or a Stacks' catalog describing the considerable volume of ingots in the John J. Ford, Jr. Collection." [Reuters and the Associated Press each carried stories on the announcement. "Scientists compared the museum piece to ingots recovered from a ship that sank off the coast of California in 1857 while carrying thousands of gold rush coins and bars, according to a study published in the August issue of Numismatist magazine. The bar, a gift from the estate of pharmaceutical tycoon Josiah Lilly, was revealed to be of modern origin. Bob Evans, the geologist who coordinated the investigation, said in a statement that Lilly had not known the bar was a forgery." http://www.reuters.com/newsArticle.jhtml?storyID=3203238 "... researchers said it's more likely the bar dates only to the 1950s. ... The scientists used new technology to study the chemistry of the ingots. Evans said they also compared the questionable Smithsonian bar to genuine ingots recovered from an 1857 shipwreck. Evans said the ingot at the Smithsonian has the words, "Justh & Hunter assayers" stamped on it. The genuine bars, he said, had only "Justh & Hunter" on it -- without the word "assayers." According to Evans, the fake ingot had a date and location of the manufacturer on it; the real ones do not have those markings. http://www.cnn.com/2003/US/South/07/31/offbeat.smithsonian.fake.ap/ Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@coinlibrary.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum | |
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