Louis E. Eliasberg

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Louis E. Eliasberg, Sr. (1896–1976) was an American financier and numismatist. A native of Baltimore, Maryland, he is best known in the numismatic community for putting together the only complete collection of United States coins ever assembled, with attention to coins in the best possible condition.[1] Although the set was not truly "complete" by modern standards (for instance, it did not differentiate between proofs and circulation strikes, as most modern collectors and set registries do), it is still the most comprehensive U.S. numismatic collection to date.

The Eliasberg Specimen 1913 Liberty Head nickel

The Eliasberg collection did not distinguish between proofs and circulating strikes and die variations were not emphasized. There were no exceptions unless one considers the 1849 Double Eagle a coin. This is generally categorized as a pattern coin and only two were made: one is on display at the Smithsonian Institution and the other was given to then Treasury Secretary William M. Meredith but its subsequent whereabouts are unknown.[2] No one had ever accomplished this coin collecting feat before, and probably no one will ever accomplish it again.[citation needed] There were one or two coins unknown at the time of completion of his collection that were later discovered.

1933 Double Eagle.

Some of the highlights of the Eliasberg collection include a 1913 Liberty Head nickel known as the "Eliasberg Specimen". The coin was later bought by an unnamed California collector for US$5 million on April 25, 2007.[3] Another is the 1873-CC no-arrows Liberty Seated dime. This coin is also notable for being the last coin needed to complete the Eliasberg collection.[4]

He possessed at one time a 1933 $20 gold coin (one of three then known to be owned by private collectors, including King Farouk of Egypt). Upon learning that the government believed the coins had not been legally issued by the mint and was recalling them, Mr. Eliasberg voluntarily returned his coin to the government in 1952 without compensation. A trial jury in U.S. District Court determined in July 2011 that ten other 1933 double eagles claimed as property by Mrs. Joan Langbord had been obtained illegally by Israel Switt and were property of the United States government. This decision was subsequently upheld the following August but is being appealed.

A generous and knowledgeable correspondent with the coin-collecting public, which became aware of him after a LIFE magazine feature story, Eliasberg was presented with a special trophy by Numismatic Gallery Magazine in recognition of his unique achievement.[5]

He later divided his collection between his two children, who separately sold the collection in three landmark auctions.

References[edit]

  1. ^ Hall, David. "The Eliasberg Collection". PCGS - The Professional Coin Grading Service. Retrieved 14 October 2013. His goal was to assemble a complete collection of United States regular issue coins, of every date, metal, denomination, and mint mark known to collectors at the time. He accomplished this monumental feat by 1950, by purchasing the last gold coin he needed (1841 $2 1/2) in 1949 and the last silver coin he needed (1873-CC no arrows dime) in 1950.
  2. ^ http://www.coinfacts.com/double_eagles/liberty_no_motto_double_eagles/1849_double_eagle.htm
  3. ^ Eliasberg 1913 Liberty Head Nickel Sold for Record $5 Million usrarecoininvestments.com Retrieved on 2017-3-23
  4. ^ "The Top 50 U.S. Coins of All Time" by Ed Reiter December 27, 1999 http://www.pcgs.com/articles/article_view.chtml?artid=1775&universeid=313&type=1
  5. ^ May–June 1951 "Numismatic Gallery Magazine"