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The E-Sylum: Volume 7, Number 3, January 18, 2004, Article 20 ONE IS NOT ENOUGH Alan V. Weinberg writes: "Your story about the obsessive English bibliomaniac Richard Heber's desire for three of everything in rare books he sought: one for preservation/ condition, one for personal use, one for his friends' use reminds me of a curious similar penchant on the part of our own Smithsonian's numismatic collection: In 1967 before Congressional sub-committee hearings, the two Indiana senators (Birch Bayh and another) sought to have a Congressional bill passed allowing the Josiah K. Lilly (CEO of Indiana's Lilly Pharmaceuticals and son of the founder Eli Lilly) family to donate the late Josiah's virtually complete American and foreign gold coin and ingot collection to the Smithsonian in exchange for a $5.5 million dollar estate tax credit - the modern day equivalent of perhaps $50 million dollars. Several prominent numismatic dealers and Vladimir Clain-Stefanelli, the Smithsonian's numismatic curator, testified on behalf of this tax credit / essentially taxpayer purchase of the collection. I testified against the bill before the Sub-Committee as a large % of the collection was already represented in the S.I. collection and, in essence, the taxpayer was paying $5.5 million for a bunch of expensive "duplicates" for approx. 10% of the collection still actually needed. I was successful in delaying the bill for up to a year but the Senatorial sponsorship was just too strong, coupled with Clain-Stefanelli's expressed promise to Congress , under oath, to have the S.I. divest and sell off the duplication represented in the collection. Great! That's what I'd sought. Decades passed and not a duplicate was released by the S.I. I read in the Dec '93 Maine Antique Digest that US Supreme Court Chief Justice Wm Rehnquist was head of a S. I. de-accessioning and oversight committee and wrote him of the situation and the S.I.'s sworn promise to dispose of the numismatic duplicates. Weeks later in Feb 1994 I received a detailed 2 page single-spaced typed /signed letter from the Secretary of the Smithsonian Robt McC. Adams of whom Chief Justice Rehnquist had inquired. Adams' letter specifically (and absurdly) stated that "duplicate" in the normal sense of the word was not a "duplicate " to the S.I, according to his information from numismatic curator Clain- Stefanelli. That the S.I. required two specimens for obverse and reverse display [including such absurdities as two 1927-D St Gaudens $20's and two 1822 half eagles, both represented in the Lilly Coll'n and already in the S.I.. holdings] and a third for traveling displays to other organizations. And thus no "duplication" was created with the acquisition of the Lilly Coll'n ! Today, we have absurdities like a shrinking numismatic public display at the S.I., dismissal of unneeded curatorial staff and a stripping off the walls and cases of any and all Lilly gold pioneer ingots as "questionable" (a not insignificant $ proportion of the $5.5 million collection acquisition) while not a single "duplicate" Lilly coin has ever been de-accessioned, despite curatorial promises to the contrary in 1967. It would appear that bibliomaniac Richard Heber's obsessive desire for three of every book was somehow contracted by the Smithsonian. In a follow-up note Alan added: "I still have and read this afternoon, before typing the piece, Sec'y McC.Adams' S.I. letterhead letter referring to Clain-Stefanelli, Rehnquist, et al. The letter does indeed re-define "duplicate" just as I indicated. Not Adams' understanding of "duplication" but he ascribes it to Clain-Stefanelli. I was attending George Washington University law school in DC at the time and thus had access to the hearings and indeed an invitation to testify, which I did. I recall Abe Kosoff testifying and Clain-Stefanelli but cannot specifically recall what other dealers were present although one would think one of the Stacks, at least, was there. Lilly bought much from and through them." 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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