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Good historical write up on rise and fall of the Franklin Mint

bidaskbidask Posts: 14,028 ✭✭✭✭✭
in World & Ancient Coins Forum

https://coinweek.com/education/the-rise-and-fall-of-the-franklin-mint/

I manage money. I earn money. I save money .
I give away money. I collect money.
I don’t love money . I do love the Lord God.




Comments

  • pmacpmac Posts: 3,189 ✭✭✭

    I have many of my mother's FM medals, waiting for their dreamed of rise in value. They sponsored trips and cruises that she went on. Somehow she also got on one of their executive's Christmas mailing list. I have around ten of their Christmas card medals. I suppose I inherited her collecting genes but hopefully they are focused on the real "stuff".

    Paul
  • pruebaspruebas Posts: 4,650 ✭✭✭✭✭

    One probably had to BUY those Christmas medals. I remember that was the case for Pobjoy, a similar outfit.

  • KkathylKkathyl Posts: 3,762 ✭✭✭✭✭

    interesting read. Many still carry the same thoughts about Moderns of today.

    Best place to buy !
    Bronze Associate member

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    the Franklin Mint cemented relations with the numismatic community by hiring a number of numismatic luminaries for its growing staff.

    Charles Hoskins, the Director of INSAB (first TPGS) and the former Director of ANACS while it was in DC, was one of these numismatists.

  • bidaskbidask Posts: 14,028 ✭✭✭✭✭

    @Kkathyl said:
    interesting read. Many still carry the same thoughts about Moderns of today.

    I'm warming up to buying selected legal tender coins of the world that were struck at the Franklin mint even if they were non-circulating .

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    There are a lot of attractive, very low mintage gold coins around that they struck. One day, who knows what they may be worth as numismatic items rather than traded as bullion at melt +.

  • KkathylKkathyl Posts: 3,762 ✭✭✭✭✭

    @bidask I have a James Garfield Limited Edition Sterling Silver Proof Metal it is pretty cool looking. it is from a 1967 production.

    Best place to buy !
    Bronze Associate member

  • ElmhurstElmhurst Posts: 795 ✭✭✭

    I remember in the early 80's, only the 70 and 71 Christmas ingots had any collector value, everything else was bullion. 60 Minutes did a show on this.

  • bidaskbidask Posts: 14,028 ✭✭✭✭✭

    @Kkathyl said:
    @bidask I have a James Garfield Limited Edition Sterling Silver Proof Metal it is pretty cool looking. it is from a 1967 production.

    I'm sure it is cool looking but I have no interest in it thank you .

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • jgennjgenn Posts: 761 ✭✭✭✭✭

    Ok interesting article but it failed to mention the sale of El Cazador shipwreck artifacts.

    Amazing 8s * Silver Dollars of '60 * My World Crown Affair
  • JBKJBK Posts: 16,414 ✭✭✭✭✭
    edited June 27, 2018 10:51AM

    @Insider2 said:
    the Franklin Mint cemented relations with the numismatic community by hiring a number of numismatic luminaries for its growing staff.

    Charles Hoskins, the Director of INSAB (first TPGS) and the former Director of ANACS while it was in DC, was one of these numismatists.

    And U.S. Mint engravers/sculptors as well (or at least one, anyway). Gilroy Roberts was brought on as a FM employee. Many, many years ago I got an autographed photo from him when he worked at the FM.

  • 291fifth291fifth Posts: 24,689 ✭✭✭✭✭

    I wonder how many complete Franklin Mint silver medal sets still exist? Almost 40 years of melting (starting with the 1979 silver price run-up) has probably taken a fearsome toll!

    All glory is fleeting.
  • 7Jaguars7Jaguars Posts: 7,741 ✭✭✭✭✭

    Dan Everhart, just retired from the US Mint was another engraver.

    Actually some of the gold has done VERY well. The 1982 Panama Unc. 100B (mintage 26) sold for 3600 USD with lots of bidders & the Belize 1982 and 1983 100D go for about 1k when sold - if you can find one. I just posted what a Papua Proof set with no COA or box sold for a couple of days ago with MULTIPLE bidders - $1025+!
    I am glad I got some of these a while back when much cheaper.

    The early to mid and even late 70s issues remain at basically bullion except for a couple of the scarcer varieties of matte unc. from 1975-77.

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • bidaskbidask Posts: 14,028 ✭✭✭✭✭

    @7Jaguars said:
    Dan Everhart, just retired from the US Mint was another engraver.

    Actually some of the gold has done VERY well. The 1982 Panama Unc. 100B (mintage 26) sold for 3600 USD with lots of bidders & the Belize 1982 and 1983 100D go for about 1k when sold - if you can find one. I just posted what a Papua Proof set with no COA or box sold for a couple of days ago with MULTIPLE bidders - $1025+!
    I am glad I got some of these a while back when much cheaper.

    The early to mid and even late 70s issues remain at basically bullion except for a couple of the scarcer varieties of matte unc. from 1975-77.

    So it's the mintage that make these Franklin coins scarce or not?

    I have a 1985 Balboa .

    What is that one worth ? :)

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • 7Jaguars7Jaguars Posts: 7,741 ✭✭✭✭✭

    Well IMO it is supply-demand curves in action. So a more popular country will have more demand.

    You have a 1985FM Proof balboa?
    Those were issued only in sets with examples available from broken up proof sets. I am unaware of uncirculated 1985 Specimen Coins.

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • bidaskbidask Posts: 14,028 ✭✭✭✭✭

    @7Jaguars said:
    Well IMO it is supply-demand curves in action. So a more popular country will have more demand.

    You have a 1985FM Proof balboa?
    Those were issued only in sets with examples available from broken up proof sets. I am unaware of uncirculated 1985 Specimen Coins.

    It's a 20 balboa

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • pruebaspruebas Posts: 4,650 ✭✭✭✭✭

    Everything old is new again. The FM issues are gaining legitimacy and value.

    I seem to recall the Richard Stuart FM issues didn’t do too badly. The mid-70s stuff is less valuable than the mid-80s stuff (perhaps due to the 79-80 melt).

    All of it sells well for me though!

  • 7Jaguars7Jaguars Posts: 7,741 ✭✭✭✭✭

    The 20B has some demand, people like those designs and seem to support the price.
    Yes, a couple of his big gold pieces went for 7k or more. The one that stuck in my head was the specimen unc. 1982 100B (mintage 26) for 3600!

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • WildIdeaWildIdea Posts: 1,877 ✭✭✭✭✭

    I read the article but didn’t pick up where the dies are now. Anybody know?

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