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Does nayone know what the status is of John J. Pittman's collection of moderns, including clads?
SanctionII
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About 5 years ago Cladking posted in a Pittman thread that his collection of moderns were withheld from the 1997 auction of his collection.
Does anyone know what was in his modern collection? Further, does anyone know what the current status of his modern collection is?
Does anyone know what was in his modern collection? Further, does anyone know what the current status of his modern collection is?
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I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
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It is possible that they don't exist but Pittman was quoted in a 1985
article that they did exist and he acquired them every year. He was
not specific but implied he had a choice roll set of each of the clads.
More specifically this is a May, 1985 Coinage (pg 84) article which says
he put aside choice hand picked rolls. He is quoted as saying, "Nobody's
paying attention to them. People don't bother saving them and don't
bother stocking them. Yet these are US coins as surely as silver dollars
or double eagles. And in years to come, people are bound to collect
them".
There are a few other interesting comments in this article from other
hobby notables.
I believe there is some other circumstantial evidence that such coins
exist (pittman's) but it escapes me right this minute. It might be some-
thing in Rapsus' 1992 book "The US Clad Coinage".
he remembered every coin he ever saw but this is probably a
little bit of hyperbole. He was constantly approached for opin-
ions on the authenticity or originality of rare coins. He most def-
initely had an eye for coins and for value.
Despite his minimal outlay for his coins he probably averaged
more than a 500 fold return when the collection was sold.
Edited to remove last sentence.