The Numismatic Bibliomania Society

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V26 2023 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 26, Number 18, April 30, 2023, Article 13

BUSHNELL'S COMPENDIUM CATALOG, PART TWO

Here's the second of three summaries of articles by Joel Orosz on Bushnell's Compendium Catalog, originally published in our print journal, The Asylum. While The E-Sylum is free to all, only paid members of NBS receive The Asylum. To join, see https://www.coinbooks.org/about/membership.html .

This one discusses Daniel Groux. -Editor

Groux,Daniel1856NumismaticalHistoryProspectusFrontCover GROUX: FROM COURTIER TO KITCHEN HAND
The article is about the life of Edouard Daniel Jacques Groux, who was born in 1807 in the Free and Hanseatic City of Hamburg. He was well-educated and learned the trade of pastry chef from his father after his family fell from favor with the Emperor. Groux inherited a cabinet of around five thousand coins and medals from General Jan Pieter van Suchtelen and purchased a second cabinet of 2,800 coins and medals in 1839. Groux attempted to monetize his collection in Marseille but failed. In 1841, the American Consul in Marseille advised Groux to take his collection to the United States and sell it to the government, but he entered a market with many eager sellers and only one unmotivated buyer.

GROUX: COMING TO AMERICA
The article talks about D.E. Groux, a numismatist who opened a museum in Boston in 1864 after his failed museum in Marseilles. He tried to sell his collection to Harvard College but was declined. Later, he attempted to sell his collection to the National Institute in Washington, D.C. but was rejected. He then tried to sell some of his coins to Charles Francis Adams, a notable coin collector, and also asked for a loan to redeem his pawned pieces. Adams made a series of loans, but Groux did not repay the loans by the agreed time, leaving Adams in possession of many of his coins and medals.

Groux,Daniel1854MHSDescriptiveCatalogTitle GROUX: EPHEMERAL HOPE
Daniel Groux, a collector of coins and medals, had a stroke of luck when he was paid to catalogue the numismatic collection of the Maryland Historical Society in 1851. He also made a bid to sell his collection to the US government, but despite receiving support from Senators Gwin and Soulé, he was unsuccessful. Groux attempted to sell his collection to Barnum's American Museum and even tried to sell it through a nationwide lottery, but both efforts were fruitless. Groux was then forced to turn to public auction and sold his coins and medals in a sale in February 1856.

GROUX: MESS ON THE POTOMAC
Daniel Groux was a numismatist who was humiliated in court and failed to sell his collection. He moved to Washington D.C., hoping to work as a curator at the Smithsonian, but was informed by the institution's first Secretary that he would not be employed in any position. Groux was also a convicted bigamist after his son pressed charges against him in Boston. He borrowed a large sum of money from Phoebe Tayloe, of Washington, D.C., with his collection serving as collateral. He later convinced her to attempt to recover coins he had lost to Charles Francis Adams a dozen years before. After failing to recover them, Groux moved to Philadelphia and was entangled with the law there. He was jailed but released on bail supplied by a gentleman of the city. This gentleman sought reimbursement by acquiring the two parts of Groux's collection, which were pledged to secure the loan from Tayloe. Groux had assured him that both collections were worth far more than the amount he had paid for them.

GROUX: JACKAL IN WINTER
The article discusses the life and career of Daniel Groux, a French adventurer who became known in the numismatic world for his dubious sales schemes and the disappointing sales of his collections. After a disastrous auction in 1861, Groux disappeared from the public eye until he wrote a letter to President Lincoln in 1863, asking for employment. Groux died in 1871, and his remaining collection was sold in 1874 to pay off a debt owed to Phoebe Tayloe. Despite the hype surrounding the sale, the collection was not particularly valuable, and the sale realized only a small amount of money. Overall, Groux's career in numismatics was marked by failures and disappointment.

  Bushnell-FGH-GrouxBroadsideFolded Bushnell-FGH-GrouxBroadsideFull
The Groux Broadside Sale, Folded and Open

GROUX: BROADSIDE SALE
In February 1856, Bangs, Brothers & Co held an auction of rare coins, medals and medallions in New York City, which were described in a broadside format. Charles Ira Bushnell trimmed and attached the top left half of this broadside to his Flandin's Catalogue book. Groux, the consignor, was in financial difficulty and forced to sell some of his collection. The collection was packed into 12 glazed cases with no numbered lots, and a note at the bottom of the broadside stated that the contents of the cases couldn't be divided. Bushnell recorded the prices realized, and Bowers' American Numismatics Before the Civil War provides two candidates for the purchaser of the Roman Pontiffs Medallions.

Bushnell-FGH-GrouxSaleClipping GROUX: BUSHNELL REVIEW
The article discusses a review by Charles Ira Bushnell of Groux's auction of ancient coins and medallions that took place on February 16, 1856. Bushnell's review was published the day after the auction in the New-York Daily Times. The article provides a detailed summary of Bushnell's criticisms of the auction, including descriptions of the lots sold and their respective prices, as well as his overall assessment of the collection. Bushnell was unsparing in his criticism, finding many of the pieces to be either illegible or misdescribed.

GROUX: COLOPHON
The text discusses Daniel E. Groux's numismatic career and his sale of coins and medals in February 1856. Despite Americans undervaluing his collection, the sale raised $285.85 1/2, the highest he had ever realized at auction. However, Groux was criticized for misleading descriptions, overvaluing pieces, and even counterfeiting to execute his schemes. While he believed in the educational and monetary value of his collection, his enthusiasm was not widely shared among collectors."

To read the earlier E-Sylum article, see:
BUSHNELL'S COMPENDIUM CATALOG, PART ONE (https://www.coinbooks.org/v26/esylum_v26n17a07.html)

Bell E-Sylum ad 2023-04-16 May 2023 Sale



Wayne Homren, Editor

Google
 
NBS (coinbooks.org) Web

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@gmail.com

To subscribe go to: https://my.binhost.com/lists/listinfo/esylum

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V26 2023 INDEX       E-SYLUM ARCHIVE

Copyright © 1998 - 2024 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.

NBS Home Page
Contact the NBS webmaster
coin