Thursday, July 26, 2012

United States Coin of the Week: The Metallic Birth of the Most Famous American-Related Medal to be Offered in Stack’s Bowers Galleries ANA Rarities Night Sale

By Frank Van Valen, Numismatist & Cataloger, U.S. Coins

Uniface Obverse Splasher of Libertas Americana Medal Personally Handled by Ben Franklin

According to our catalog, a simple letter to Benjamin Franklin in 1783 set the wheels rolling on what would become America’s most famous – and most popular – medal of all, the 1776-dated Libertas Americana medal:

"Paris, Jan 23, 1783

I have the honor of sending to Mr. Franklin two new proofs of the medal, noting that the head is not quite as perfect as it should be, that the serpents held by the child will be larger and better drawn; moreover the engraver put 'intans' instead of 'infans' and this spelling mistake shall be corrected.

I have the honor of reminding Mr. Franklin that he had promised what he shall have inscribed on both sides at the bottom of the medal, and this matter alone prevents its completion.

Assurances of respect, etc. Your devoted servant, Alexandre-Theodore Brongniart"

The offered piece, a “splasher,” is struck in white metal and is uniface with paper adhering to the back. Splashers are trial pieces made in soft metal to illustrate to interested parties how a product will look in its finished state. Created for no other purpose than that stated, few splashers of any type have made it through the ages except those that fell into the hands of collectors early on and were saved as a result. This writer’s favorite splashers are the 1792-dated obverse and reverse of Joseph Wright’s die trials for a quarter-dollar design that was never adopted – I had the pleasure of cataloging the Wright pieces some 20 or so years ago for a Bowers and Merena auction.

As for the Libertas Americana splasher offered in our upcoming Philadelphia ANA auction event, our cataloger gives the following history:

This piece is different, in that we cannot only pinpoint when it was produced, we can even trace precisely to whom it was sent in January 1783. Its story follows:

Brongniart, an architect, was well plugged into French artistic society of the day and he was the man who identified E.A. Gibelin and Augustin Dupre as the best choices to design and engrave Franklin's beloved Libertas Americana medal. Proof of Brongniart's role in hiring Gibelin to design the medal exists in a 1785 letter from Gibelin to Benjamin Franklin in the collection of the American Philosophical Society, translated and published by Leonard Augsburger in the MCA Advisory.

Brongniart wrote to Franklin again just over a week later, on January 31:

‘M. Brongniart has the honor of sending his respects to Mr. Franklin and begs him to let him know if he was given Friday of last week [i.e. the day after his previous letter was sent, January 24] two new proofs of the medal, and among others that of the head of Liberty.

 Mr Franklin has seemingly forgotten to send to Mr Brongniart what he wishes to have put at the bottom of the medal on each side, and this holds back the engraver who wishes to complete this work.’

That engraver, of course, was Dupre, who produced the cliché (or, in Brongniart's word, epreuve) that we presently offer. As described by Brongniart, this piece shows INTANS standing in for the misspelled INFANS. It also lacks the exergual legend referencing the victories at Saratoga and Yorktown. Further, as mentioned in the January 23 letter, the snakes are undersized; on the final version, the lower of the two snakes has an additional coil at the end of its tail and the upper snake shows a forked tongue. Other minor differences are noted, particularly that this splasher lacks DUPRE F near the exergue and that the gorgon's head on Minerva’s cuirass is not yet finished.

The physical preservation of this soft metal impression is excellent, with only minor surface wear and with most of the original paper still present on the blank back. Bright lustrous evidence of the tin beneath is visible at the reverse peripheries. The obverse is dark gray, even and appealing, with no major defects.

This piece was offered in the Ford sale with no mention of the INTANS error or its breathtaking provenance that leads directly back to Brongniart and Franklin. In a sale with few cataloging errors, this was one. It appears Ford himself also missed its significance. Today, with the benefit of having Frankin's papers for 1782 and 1783 now in print, it can be properly cataloged and connected to its unique place in history.”

As for original strikings of this famous medallic treasure from finished and issued dies, about two dozen examples are known in silver from the original dies, along with somewhat more than 100 pieces existing in copper. These are highly collectable, especially the silver pieces, with prices pushing six figures for Choice to Gem examples. We suspect the present splasher will find a home in an advanced cabinet of early American issues, perhaps even to keep company with a silver and copper original of the issue. Even if early American issues are not your usual cup of tea, it will still do you well to give this historic item a look if you have the opportunity – where else will you ever see another?

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