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The E-Sylum: Volume 8, Number 4, January 23, 2005, Article 23 JOHN WAYNE CONGRESSIONAL MEDAL Dick Johnson writes: "In last week#39;s news story on Mint Director Fore#39;s attack on colorized coins, I mentioned that this practice started with the goldplating of the John Wayne Congressional Medal in 1979. American coins have been plated, perhaps, since William Rogers Company brought the silverplating process to New England in 1847. This was done capriciously of course, by workers in the silverplating industry perhaps, but never with any commercial intent. I cannot recall any coin the U.S. Mint has ever plated. The U.S. Mint, to my knowledge, never had plating tanks on their premises until they started making galvano patterns of coin designs beginning in 1921. Tanks for making galvanos can also be used for electroplating and galvanos were first made at the Mint for Anthony de Francisci#39;s silver dollar model in that year. Even medals, which can easily be plated for award classes of gold and silver made from bronze by plating, was never done by the Mint. The occasion arose in 1979 when the U.S. Congress authorized a Congressional Medal for actor John Wayne. Chief Engraver Frank Gasparro prepared the obverse portrait and the 3-inch medal was struck. At that time, the public could purchase bronze medals struck from the same dies as the gold medal bestowed to John Wayne for the princely sum of $3. Two entrepeneurs in Connecticut recognized the appeal this medal could have by the public. But how could they commercialize on it? Their solution was to goldplate the 3-inch medal. While gold was hundreds of dollars an ounce at the time, the amount of the precious metal on each medal was minimal – gold can be deposited in such a thin coating that a few microns changes the entire surface the gold color. They first offered the John Wayne Medal in gold at $10 each. Their hunch was correct, orders poured in. They purchased the medals from the Mint by the thousands. Frank Gasparro was proud his design of this medal -- #666 in the Mint#39;s List Medal series -- which sold more than any other 20th century medal. The medal#39;s popularity was noted in an article in The Numismatist (vol 94, no 3, March 1981, pp 638-40). I once hired a paste-up artist who had worked in the advertising department for these two Connecticut businessmen. She told me a little of their story. As best as I can remember, they made tons of profit, but couldn#39;t continue working together and broke up somewhat harshly. My records show I sold two John Wayne medals when I was a medal dealer. But I have never seen one goldplated. They must all still be in the hands of the public." 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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