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William Pitt, n.d. [1863]. B.515

From Stack's May 2006 Auction, Session 1 on May 23, 2006

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Categories  •  Stack's May 2006 The John J. Ford, Jr. Collection: Part 14 The Ford Collection of Betts Medals, Part II: Medals Illustrative of Early American History Early American Medals Recognizing Persons of Importance Medallic Tributes to William Pitt

William Pitt, n.d. [1863]. B.515. Unsigned. Silver. 41.0 mm. 448.0 gns. Overstruck on a Charles II...William Pitt, n.d. [1863]. B.515. Unsigned. Silver. 41.0 mm. 448.0 gns. Overstruck on a Charles II Crown. Bust left; seven line inscription. Essentially as made. Toned. This was the piece described by Dr. Edward Groh in his letter to the American Numismatic Society dated 14 February, 1901 which reads: ''Mr. C. Wyllis Betts, in his work, American Colonial History, Illustrated by Contemporary Medals, describes a William Pitt medal (No. 515) as follows: obverse, Guilielmus Pitt, bust of Pitt to left. Reverse: inscription in ten lines, 'The man who having saved the parent, pleaded with success for her children.' Struck in silver and bronze. Two varieties of each die with slight differences in bronze. Size 26. The date given is 1766.

I have here a silver medal which answers precisely to this description, but which is an imitation, the dies of which were cut by a die-sinker of this city and medals struck from them at No. 29 Rose Street on a large screw press, operated by a German, in the year 1863.

It was about this time that the so-called copperheads, or war tokens were being issued, and on one of my visits to this establishment for specimens of these tokens I discovered a trial-piece in lead of this medal lying at the base of the press. It was hastily taken from me, but I saw at a glance its character; it was a revelation to me that a fraud was about being perpetrated on the Numismatic fraternity. For very good reasons I kept my suspicions to myself, and in an apparently unconcerned manner requested a copy, for which I offered a fair price. My offer was declined on the reasonable ground that the dies were not his property, but belonged to a gentleman who was a very good customer, for whom he did a great deal of work (probably of the same nature), who paid well for it and who wanted it done secretly.

Having made the discovery, I was determined to obtain a specimen for the purpose of proving its New York origin, as well as for comparison with the English piece. I called the following day and handed him an old, smooth-worn Crown of Charles II of England and requested him to impress the dies on the coin, which he reluctantly accepted. A few days later I received the medal, accompanied by another specimen in white metal.

No doubt, a number of these medals have found their way into the cabinets of Numismatists throughout the country, as well as in this city, who may be deluded with the belief that they possess the original English medal. With the slight varieties existing, according to Mr. Betts, it may be a difficult matter to determine which is the early and which the late production. It is possible that Mr. Betts may have been deceived with the imitation and placed it on record as a variety of the original. I shall be pleased if any member of this Society who may possess one of these medals will bring it here for comparison, as I shall present this medal to the Society for this purpose and for identification.''

Ex Wayte Raymond Estate.

Lot # 376 Session 1
Hammer Price: $5,500.00

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Click to open a larger image - William Pitt, n.d. [1863]. B.515. Unsigned. Silver. 41.0 mm. 448.0 gns. Overstruck on a Charles II... Click to open a larger image - William Pitt, n.d. [1863]. B.515. Unsigned. Silver. 41.0 mm. 448.0 gns. Overstruck on a Charles II...

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