The World’s Most Valuable Coin-Created By a Freemason?

1913 Liberty Head nickel sold for $4.56 million at auction in Philadelphia in 2018

Many Masons collect coins. Numismatics is a natural extension to Speculative Masonry and there is a specific niche in the hobby that specializes in collecting Masonic Mark Master Tokens as well as other Masonic material. Many prominent Masons, particularly in the United States, are or have been featured on our Coins.Currently, George Washington is on the quarter and Franklin Delano Roosevelt is on the dime. The design for this quarter was originally intended to be a Commemorative issue minted only for 1932 in order to honor the 200th anniversary of Brother Washington’s birth. Public approval for the John Flannegan’s work was so strong that the Treasury Department made the decision to go into full production and the coin has been with us with few changes (aside from the Bicentennial Issue of 1975-76) ever since.(There were no quarters produced with the 1933 date). Brother FDR’s portrait replaced the famous “Mercury” design (properly known as the “Winged” Liberty Dime) on the ten cent piece in 1946. Respect for Brother Roosevelt was at its highest in the nation following his twelve year term as President during this nation’s most critical period of depression and war. To Masons, his work promoting the Shriner’s Hospitals and philanthropic approach to infant paralysis is most pointed when his own afflictions from polio are remembered.

1913 Liberty Head nickel credit to the National Numismatic CollectionNational Museum of American History.

The history of this coin is an intriguing one and its existence and legality are often debated in the hobby despite its having been produced at the Philadelphia mint from government issued dies. Its pedigree includes many notables, including Col. Edward Howland Robinson Green who was the son of Hetty Green (the miserly “Witch of Wall Street”).

The King of Egypt, King Farouk, owned two for a short period, as did famous coin dealers B. Max Mehl and J.V. McDermott who was present at most notable coin shows in the 1960’s but never took a table. He preferred to conduct his business at the bar and would freely pass his example of the valuable coin around to customers and onlookers seemingly without a care as to who handled it or where it might get to. His trust was never ill founded as he always got the coin back at the end of the day.

It is generally agreed that five examples of the coin were struck in the Philadelphia mint (the US has three others currently in operation in Denver, San Francisco and West Point and has operated at times four others.), but there is much debate as to when and by who. R.W. Julian, noted researcher, had access to Mint documents and speculates that the coins were struck in December 1912 following the order to destroy the dies created to produce Charles Barber’s Liberty “V” design for 1913. This coin had been in production since 1883, and remained as a primary circulating coin for years following its demise in favor of James Earle Fraser’s Indian/Buffalo nickel design introduced in that year. Other researchers point to the fact that the 1913 “V” did not surface until 1920 and contend that the coins may have been produced as late as 1918. It is my contention that they were struck in December 1912, on or about the 16th, and that the delay in their introduction was due to the owner’s belief that the Statute of Limitations would expire and protect him from possible prosecution.

The coins were unknown until August 23rd, 1920 when Samuel W. Brown brought his example to the ANA (American Numismatic Association) Convention being conducted in Chicago. Prior to the show, Brown took out an add in “The Numismatist”, the organization’s newsletter offering $500 for an example “In Proof Condition If Possible.” He repeated the add in January 1920 upping the offer to $600. the October 1920 issue of the newsletter told the story: “Samuel W. Brown of North Tonawanda, N.Y. was present for a short time on Monday. He had with him a specimen of the latest great rarity in U.S. coinage-the nickel of 1913 of the Liberty Head type.It was among the exhibits the remainder of the Convention, with a label announcing that it was valued at $600,which amount Mr.Brown announced he was ready to pay for all proof specimens offered to him.” Brown seemed to know much about the coin, having stated at the convention that a “master die” for the design was produced for the 1913 Liberty nickel prior to the order being received to change to the new Indian/Buffalo design. That specimens were struck “believed to be five” in proof (a special technique in striking used just for collectible coins)and that none were placed into circulation. He then left an example of the coin in the care of Chicago Coin Club President, Alden Scott Boyer so that it can be displayed and examined by all Numismatists in attendance. Later the coin was returned to Brown after he wrote Boyer the following letter: “Dear Mr. Boyer- I would appreciate it very much if you would return the 1913 Liberty Head Nickel you have with your coins in the Masonic Temple vault in your city. I have a deal pending for the sale of this coin, and it is necessary that I have it within the next ten days. If you will, kindly send it to me express, charges collect, and estimate the value at $750. thanking you for your courtesy in this matter.” The theory is that Samuel Brown had something to do with the coins’ creation, developed a market for it with his advertisements and then sold all five that he minted. A member of the ANA since 1906, Brown was an Assistant Curator to the Mint’s Coin Cabinet from 1904-1907 and was a clerk/storekeeper at the Mint until 1913. It can be argued that he gained access to the ill fated dies himself about the time of the coins’ creation. It can also be argued that someone else produced the coins and brought them to him as he was known to be an avid collector associated with the Mint. Nothing in his job descriptions would permit access to the secured dies and there is much concern about the activities of a security guard at the Mint who was later dismissed in 1918 under unclear circumstances. After the Convention of 1920, the coins passed to the hands of various and equally colorful individuals. Col. EHR Green took as much pleasure in spending his wealthy mother’s money as she did in hoarding it. (One story is that despite her wealth when E.H.R. Green at the age of 9 injured his leg in a sledding accident, Hetty prefered to treat the injury herself then call a Doctor. Two years later, his leg was injured. This time she dressed him in rags and took him to various free clinics for treatment, rather than spend a few dollars herself). Two specimens were known to be in the possession of King Farouk of Egypt who was forced to abdicate in 1952, having gotten there through purchases via either dealer Burdette Johnson or collector Eric. P. Newman. The dealer Abe Kosoff also acquired one of the coins and later sold it to Ambassador R. Henry Norweb whose example is seen now in the Smithsonian Institution.

A final specimen was last seen in 1962 when dealer George O. Walton was killed in a highway accident on his way to a show in Wilson N.C. This example is still unaccounted for and many speculate that it was either never with his goods, scattered across the roadway, or stolen by those who attended the accident victim. Its disposition is sought avidly by the collecting community and is one of the greatest numismatic mysteries today. What role did Brown play in the rarity’s creation? That I can not say with certainty, but I know this. As per the North Tonawanda Evening News, June 19th, 1944, Brown who was 64 at the time of his death, served North Tonawanda as a Republican Mayor from 1932-1933, having moved to the city in 1913 to go “into association with Wayne Fahnestock in Frontier Chocolate Company. Later Brown was employed by Pierce-Brown, Co. retiring in 1924. ” Brown was a member and Past Master, of Sutherland Lodge No. 826 of the Free and Accepted Masons and further served as District Deputy Grand Master of Niagara Orleans District. He was further a member of Buffalo Consistory and the Ismailia temple and the Shrine Club of Tonawanda. If you are interested in learning more about the world’s most valuable coin, please join me in subscribing to rec.collecting .coins, the ANA, and further reading can be found in “Twisted Tales Sifted Fact, Fantasy and Fiction From U.S. Coin History, by Robert R. Van Ryzin, 1995 Krause Publications, Iola WI”. If you happen to have the missing example of this coin, I would gladly accept the donation. :-)

The 1946 introduction of the Roosevelt Dime did more than commemorate his Presidency. Its release coincided with the new campaign for “The March of Dimes” where school children, public charities and common citizens contributed what they could to help fight crippling childhood diseases.

John R. Sinnock’s initials appear at the base of the neck on the coin next to the date. There is some speculation that renowned african-american sculptor, Dr. Selma Burke contributed to the design and that the Mint Engraver did little to add to the portrayal. Her “Four Freedoms” plaque featured in the Recorder of Deeds office at 505 D Street N.W. in Washington, does share many of the attributes of the portrait on the dime. Her close association with the President adds credence to the argument, but it is still uncertain as to the depth of her influence on Sinnock’s final approach.

But this article is not about either coin. You probably want to know about the world’s most valuable coin and how its existence may be a result of the actions of a single Freemason. You also would probably be interested to know that there is one example out there..somewhere…still unaccounted for. It could be worth a million and a half to whoever is in possession. Currently, the highest price ever fetched at auction for a single coin was realized last May when the Eliasberg example of the 1913 Liberty Head Nickel (graded Proof-63) reached 1.45 million dollars.

By Alexandre Laurent

Alexandre Laurentl is working in the jewelry and investment gold since 2002. Alexandre graduated from The Normandy School of Business and from the University of Perpignan a Bachelor of economics in 1995.

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