16 June 2025

Jules Feiffer, Part 1


[Back in early June, my friend and generous contributor to Rick On Theater, Kirk Woodward, e-mailed me with a heads-up about two potential articles I might want to repost on the blog.  He wrote that “in the Spring 2025 issue [of The Dramatist] there are two interviews with the late [cartoonist and playwright] Jules Feiffer, both treasures as far as I'm concerned.” 

[His evaluation was right on, and so, I’m going to run both of them, back to back, while I finish my report on the live telecast of Broadway’s Good Night, and Good Luck from a week ago from last Saturday.  (I couldn’t finish it for today, but I hope to have it ready for the 24th.)

[The Dramatist is the official journal of the Dramatists Guild of America, the professional organization of playwrights, composers, lyricists, and librettists—of which Kirk is a member.  (The professional association for writers in film, television, radio, and online media, is the Writers Guild of America.)  The Feiffer interviews, dated 1 March 2025, ran in the Spring 2025 issue of The Dramatist (vol. 27, no. 2), under the heading “Tributes.”] 

CONVERSATION WITH JULES FEIFFER
by Christopher Durang and Jules Feiffer 

Jules Feiffer was the subject of a Dramatists Guild “Conversation With” session moderated by Christopher Durang under the auspices of the Guild’s Projects Committee (Gretchen Cryer [b. 1935; playwright, lyricist, and actress] and Terrence McNally [1938-2020; playwright, librettist, and screenwriter] co-chairs, Sandra Schreiber director of special projects). The transcript of this conversation, edited with the approval of the participants, originally appeared in the Winter 1987 edition of The Dramatists Guild Quarterly [the predecessor, until 1998, of The Dramatist] and is excerpted below.

Christopher Durang: I thought the first question I would ask is about your work as a cartoonist. I am curious about how you got started.

Jules Feiffer: My mother saved everything I ever did, back to my scrawls when I was four years old. There was no question from the start that the scrawls were anything but cartoons. So it’s hard to say what started me off. I seem to have always done cartooning.

Durang: When did you start making a living at cartoons?

Feiffer: Not at four. As a kid, I was able to make a quasi-living as an assistant to some cartoonists, but when I started out on my own in the early 50s, trying to sell my own work, it developed quickly that this work was blatantly uncommercial, and I really couldn’t sell it anywhere. For years, I thought my ambitions were strictly to be a syndicated strip cartoonist, meaning that I would do a daily, which would involve six daily strips plus a Sunday page of an adventure or a humor strip. My heroes at the time—and I’m talking about the late 40s and early 50s—were people like Al Capp (“Li’l Abner”), Milton Caniff (“Terry and the Pirates”), and the man I worked for, Will Eisner, who did a story strip called “The Spirit.” I wanted to be as good or better than these gentlemen.

[Capp (1909-79) drew the satirical comic strip L’il Abner that appeared in multiple newspapers in the United States, Canada, and Europe for 43 years, 1934-77. It featured a fictional clan of hillbillies living in the impoverished fictional mountain village of Dogpatch, USA, and was immensely popular.  Capp won many comic-book industry awards and honors, and his creation spawned hundreds of verbal expressions that became part of standard American speech.  L’il Abner inspired dozens of songs, movies, and other comic strips.  In 1956, a successful musical comedy adaptation of the strip, titled Li'l Abner, opened on Broadway at the St. James Theatre and ran for 693 performances, followed by a nationwide tour and was adapted into motion picture in 1959.

[Caniff (1907-88) created Terry and the Pirates, an action-adventure comic strip, which ran from 1934 to 1973.  In 1946, Caniff won the first Cartoonist of the Year Award from the National Cartoonists Society for his work on the strip.

[Eisner (1917-2005; cartoonist, writer, and entrepreneur) created The Spirit, his fictional masked crimefighter in 1940; the strip ran until 1952.  Eisner was a pioneer of American comic books and is credited with the establishment of the graphic novel as a literary genre.]

Then I got drafted [1951] during the Korean War [1950-53], discovered the U.S. Army and so discovered rage, hate, fascism, and all those other complicated ideas that a life in the Bronx with my mother [Rhoda Davis Feiffer (1889-1974)] and David Feiffer [1888-1963] had left me unaware of. This gave me a real enemy to strike out against, as opposed to my parents and high school teachers and girls who wouldn’t date me. I found that a mild liberal vision turned into a hotly radical and lifelong jaundiced vision of the state’s authority and language as used by the state. I began to do work illustrating this new vision.

The first was a rather narcissistic story called Monroe [sic; see note below] about a four-year-old boy who is drafted into the army by mistake and finds that nobody will understand that he’s only four. The form I chose was a traditional children’s book, but the story of what happens to Monroe in the army is horrendous. The people in the animation business I took it to had a hard time dealing with the anti-military politics. This was at a time when McCarthyism [also known as the Second Red Scare, 1947-59] was officially over, but the resultant suppression and fear were still very much hallmarks of society. In fact, the blacklist in the entertainment industry didn’t end until some years later, so the entertainment industry wasn’t likely to take to anything with a message such as this.

[The story of the four-year-old army draftee seems actually to have been entitled Munro, mistranscribed above. It was written in 1953, but not published until 1957 in Passionella and Other Stories. (It’s also in Feiffer’s Children [Andrews, McMeel & Parker, 1986].)  The story was made into an animated film called Munro by Gene Deitch (1924-2020) in 1961.

[The Hollywood Blacklist, when actors, writers, and other artists who were tainted with the label “communist,” deservedly or not, were denied work and even jailed or threatened with jail, started in 1946, reached its height in 1952-56, and petered out between 1960 and 1965. Some of the career damage that was done by the blacklisters that was remediable—restoration of screen credits, for instance—was only corrected in the 21st century.]

The publishers I took it to also had problems with it. They had a hard time reconciling the innocence of the form with the bleakness of the satire. They also didn’t know how to market it. They explained to me over and over that unfortunately I was not William Steig [1907-2003] (who was famous) or James Thurber [1894-1961] (who was famous) or Saul Steinberg [1914-99] or Robert Osborne [sic: Robert Osborn (1904-94)] (who were famous), therefore nobody would buy since nobody had heard of me, even though they thought the work was very good. I understood instantly the necessity of becoming famous in order to sell my work. The Village Voice had started just about a year earlier [1955]. The Voice had a pitiable circulation at the time, maybe several thousand, but the[re] were several thousand book editors. I got the cynical notion (I was 27, fully time enough to grow cynical) that the very editors who turned me down because I wasn’t known and commercial enough were among the small number of people who read the Voice, so if they saw my work there they would think, “Oh, this man’s in print. I guess he’s commercial.” So I went to The Voice, and we cut a stiff deal. They would publish anything I wrote and drew as long as I didn’t ask to be paid. It was the best deal I had yet been offered in my career, and I grabbed it. And it worked just as I had fantasized it would. An editor said, “Oh boy, this guy is good, he’s in The Voice,” and accepted the same stuff his company had turned down when I had come to their offices as an unpublished cartoonist. Eventually, a book of cartoons from The Voice was published under the title Sick, Sick, Sick [McGraw-Hill, 1958]. It became a best seller, and from that point on, the satire I had wanted to do but couldn’t, I now could do because it was marketable.

[nb: I added two commas in the last sentence above to make it more easily readable. I hope it helps.

[Feiffer drew for the Voice from 1956 to 1997. His strips at first carried the title Sick Sick Sick, then Feiffer’s Fables, and finally simply Feiffer. His work then began to appear in the London Observer and Playboy magazine. His cartoons were syndicated nationally in 1959. In 1997, the New York Times commissioned Feiffer to create its first Op-Ed page comic strip, which ran monthly until 2000. After Sick, Sick, Sick, more collections followed.]

Durang: How and when did you decide to become a playwright?

Feiffer:  When I was a kid, the two fields I thought I’d want to enter (had I the hubris) were literature and theatre. But I didn’t believe for a minute that I could be a “real” writer, and so I pretty much gave up those notions. Over the years, I piddled around with attempts at TV plays, particularly during the alleged golden age of television—the years of Playhouse 90 and the Philco [Television] Playhouse [television anthology drama series that ran 1956-60 and 1948-55, respectively]—but the stuff was really quite bad, and I never got very far. I didn’t really think about theatre seriously until the choice was, in a sense, removed from me.

I had written a novel in the early 60s called Harry, the Rat with Women [McGraw-Hill, 1963] just to prove that I could write a novel. It took two hard years, and I managed to get out 180 pages. But I’m someone who really wants to get pleasure out of his work, and there wasn’t a single moment’s pleasure in writing that book.

I had pretty much decided that fiction was not for me, and then John F. Kennedy [1917-63; 35th President of the United States: 1961-63] was assassinated [22 November 1963]. I found myself thrown into a fit of gloom as to what this meant in terms of what America had become, but I saw no way of encapsulating these feelings into cartoons of six or eight panels. There was just too much on my mind and too much I wanted to say, so I started to write my second novel. In it I was going to tell all the things I felt about the country as a result of the Kennedy assassination. But I was also going to try to prove that I was a much better and more proficient writer than I was in the first novel. 

I got stalled on the book and, in desperation, got myself admitted into the wonderful writers’ community upstate in Saratoga, New York, called Yaddo. I took all four hundred pages I had written up with me. I read them in one night and one day, then I went to town and bought a bottle of Scotch and finished that and then tried to figure out what to do. I was supposed to stay there for three more weeks to work on my book, but the book was terrible. But I couldn’t just go home. It would have been too humiliating. My friends had given me a party before I left. If I’d come back early, they would have laughed at me. So, since I was supposed to be up there anyway, I thought I’d take the time to look at my original notes for the book. It seemed to me that it was still a good idea and that the material I had written had had nothing to do with that idea. So I decided to start it again, only this time as a play.

The reason I had avoided doing anything in regard to theatre up to that point was that it seemed to me that any play I really liked—any play about difficult subjects or themes—closed very fast, and the hits were plays that I didn’t like. So I thought that if l ever wrote a play I liked, it would probably only run a week like the other plays I liked. Who wanted to put all that work into something that would only run a week? 

But, as I say, it wasn’t working. So, being desperate to do something with this material, I ignored all the reasons for not doing it as a play and began dramatizing. And, in 24 hours, I discovered that I was a playwright. The form—creating characters, putting them into action and writing dialogue—came naturally to me, and writing it was a lark from beginning to end. Even the things that didn’t work were fun. It was fun to go back and find out why they didn’t work. Even writing the grimmest stuff in the play, which I called Little Murders, was a joy. And writing scenes of people doing awful things to each other was a joy. I never stopped having a very, very good time, and, three and a half weeks later, I had a first draft. I realized that whatever happened to the play, whatever fate it met, I was addicted. I was a playwright. As a footnote, the play opened on Broadway and it closed in a week.

[Little Murders was supposed to début at the Yale Repertory Theatre in October 1966, but an imminent Broadway staging preempted that launch. The play started previews at Broadway’s Broadhurst Theatre on 10 April 1967 and opened on 25 April. The première closed on 29 April after 16 previews and 7 regular performances.

[Sir Peter Hall, Artistic Director of the Royal Shakespeare Company, had put Feiffer’s début play into the RSC’s season at the Aldwych Theatre, its London house, where it ran successfully from 3 July through 9 December 1967.  The play was soon revived Off-Broadway with Alan Arkin (1934-2023; actor, filmmaker, and musician) as director at Circle in the Square Theatre (downtown) in Greenwich Village from 5 January to 30 November 1969. (Arkin also made his directorial film début when he helmed the movie adaptation of Little Murders in 1971.)

[Little Murders was revived again Off-Broadway by Second Stage on 6 May 1987 with John Tillinger (b. 1938), who updated the play a little, directing. The show ran on the Upper West Side, the neighborhood in which it’s set, until 7 June.]

Durang: Some years later Little Murders was revived off-Broadway, directed by Alan Arkin, and was quite a success. This opens the question of how different productions can affect a play. 

Feiffer: I don’t think the success of the off-Broadway version was simply a matter of the quality of the production, although that certainly had something—perhaps a lot—to do with it. It also had to do with different times. I structured Little Murders to look and sound in many ways like a darkened version of a traditional Broadway comedy. You had this kooky family and their upright daughter who stands for all truth and strength and energy and all the basic verities of apple pie. She’s the darling of the family, and she brings home this guy who is some kind of weirdo radical extremist who stands for none of the things the family does. What we’ve learned from years of Broadway theatre is that this nut can get off wonderful lines and do terrific takeoffs on and insults of the family. The audience loves this as long as, according to tradition, by the climax of the play he admits that he’s wrong about everything, the family forgives him, he discovers the error of his ways and goes into business with the father. Or he reveals that he was just kidding. But the sense in the traditional scenario is, “None of this is serious, folks.” None of this titillation, none of the leg-pulling of the audience, none of the nose-tweaking—none of this is for real.

I planned the structure of the play to go by those rules. Then, just as the fadeout is about to come and the hero, Alfred, admits he was wrong about everything and he doesn’t want to live in the world that he believes in, he’d much rather live in the world that the heroine Patsy believes in, and she rises from the fallen and says, “I hope this is a lesson to you,” and they hug and kiss and the family comes on to look proudly on what is obviously the end of the play—just at that moment, from a window across the street, a sniper fires a bullet and blows her head off and the 1960s begin.

From that point on, the play investigates how these theatrical figures that we’ve known all of our lives will deal with a world that has changed on them, a world which is no longer a safe society but contains Vietnam and Lee Harvey Oswald [1939-63; assassin of JFK] and Jack Ruby [1911-67; nightclub owner who murdered Oswald on 24 November 1963]. To me, the play never was particularly about urban violence. Urban violence was a metaphor for American violence in the world, for the rules breaking down everywhere in Western society. This odd period encompassing no more than fifteen years of our lives saw all the icons crumble. Belief in the family fell apart, belief in organized religion fell apart, belief in liberal social orthodoxy fell apart, and belief not in the promise but in the fulfillment of the American dream fell apart. The belief that this was a just society, the belief that the President did what was best, that Congress was more or less honest, all of that came unglued. The play took a look at what this did to our psyches. How this crumbling of faith left us almost nothing but a sense of chaos and how violence filled the vacuum.

Durang: So you think that by the time the off-Broadway production happened, that dark view was more acceptable?

Feiffer: I think that when the play was first done in the spring of 1967, what I was saying was news. At any rate, it was news to the critics. Vietnam hadn’t appeared on the theatre pages yet, so they didn’t know about it. Audiences, however, certainly responded. The first production was dreadful, and only intermittently did the play come through. Even so, on any given night, particularly in previews, the audiences hooked into it. There was a lot of talk going on around about it, and I had this odd sensation of watching what I knew was a sure flop and at the same time feeling rising excitement because this flop was being responded to. People were responding to something coming of the stage that reflected what they felt going on in their own lives, and in the world they lived in, but which they hadn’t seen dealt with before. This wasn’t unlike the response my cartoons had received at the beginning. This was terribly exciting. About two and a half years later, when Alan Arkin’s infinitely better (and as far as I was concerned brilliant) production of the play was done downtown at Circle in the Square, it was a great success and ran a long time. But I felt that a lot of the threat of the play had dissipated simply because the audience had caught up to a lot of what was going on onstage. For me, the fun of theatre is not to be even with the audience but to pull their strings, to set them up one way and then turn around and do something else, lead them down a path where they hadn’t been before, not to make them aware of what they already know.

[U.S. involvement in Vietnam began in the early 1950s and intensified when the French withdrew in 1954. U.S. forces weren’t officially engaged in combat however, being officially labeled “advisers” to South Vietnamese troops. On 7 August 1964, Congress passed the Gulf of Tonkin Resolution in response to reported attacks by North Vietnamese naval forces on U.S. ships in international waters, thus giving President Lyndon B. Johnson (1908-73; 36th President of the United States: 1963-69) authority to use military forces against the Democratic Republic of Vietnam. This began the U.S. war in Southeast Asia that continued until the withdrawal of U.S. combat forces in 1973 and the final retreat from Saigon in 1975.

[U.S. involvement in Vietnam became a major concern to the American public primarily after the Tet Offensive from 30 January to 20 March 1968. The increase in troops in Vietnam and the concomitant escalation of inductions made this event a subject of intensified news coverage at home.]

That’s one of the things that bothers me, by the way, about the anti-nuke plays. Generally they cover what the audience already knows. They reinforce the values the audience has brought into the theatre. This may be good politics, but I don’t find it very interesting theatre.

Durang: You’ve mentioned the family a few times in relation to Little Murders, and it made me want to jump ahead and ask you a bit about Grown Ups.

[Grown Ups premièred at Robert Brustein’s American Repertory Theater at Harvard University on 24 May 1981, directed by John Madden (b. 1949).  It played at the Lyceum Theatre in New York City’s Theatre District from 27 November 1981, when it started previews, through opening on 10 December, to closing on 20 February 1982, for 15 previews and 83 regular performances. It was nominated for 1982 Drama Desk Awards for Outstanding New Play and Outstanding Featured Actress in a Play (Cheryl Giannini), but won neither. It was later revived by the American Jewish Theater at its Susan Bloch Theater in Manhattan’s Chelsea neighborhood from 12 January to 10 February 1991.]

Feiffer:  The family in Little Murders turned out to be—though not deliberately—a trial family for Grown Ups. For reasons I haven’t looked into, as I’ve continued writing plays I’ve moved progressively away from political and social statements toward plays more concerned with personal relationships. Whether this has to do with times changing and becoming less overtly political, moving from the 60s through the 70s and into the 80s and my passively going with that, I don’t know.

Specifically with Grown Ups, my mother had died in February of 1973 [sic; her gravestone says “Feb 18 1974”]. I knew that I could handle that because I’d spent eighty-five years in psychotherapy talking about my mother and working out all of our problems. Except that the day that she was buried, I couldn’t go to the funeral because I had a fever of 104 and no voice. Something had gone wrong. Since I couldn’t get a refund on my psychotherapy, I decided that this needed looking into in some other way . . . [.] So maybe I’d better write a family play. 

There was a problem: I am cursed with instant boredom and immediately move into naptime when I touch on anything directly autobiographical. When I start telling people about something that’s really happened, I lose interest instantly because I know the ending. I see no point in telling it. So I had to create characters who were related to me and my family but weren’t simply photographs of paste-ups of those people.

The parents in Grown Ups I made as close to my parents as I could. In the first draft of the play, I had a hard time recreating their voices. When I finished it, I realized that they were the conventional Jewish parents of modern-day novels and plays. They weren’t my parents. So I went through my files and was fortunate enough to discover letters that my parents had written to me from the 40s and 50s. I rediscovered their voices. I remembered again how they talked, how they sounded, and I started jotting down notes. Then I rewrote the play with the real parents.

After I revised the script, I put it all on tape to hear what it sounded like. It was chilling. I shuddered with the realization that I had raised Dave and Rhoda Feiffer from the dead. It was scary and wonderful and moving, but the one thing it wasn’t was a play. It was just an act of memory. So I had to go back like a playwright and do the difficult job of cutting all the stuff that was nice writing as I wrote it but turned out not to be so nice when it was all put together. So I did that and then decided, for personal reasons, that it was simply too potent a piece of work to put on the stage at that particular time. My first child was seven or eight years old then, and I really didn’t like the idea of her seeing this onstage until she was older. So I waited seven years. Then Robert Brustein [1927-2023] went to Harvard to start the American Rep [1979]. He had read it before and liked it, and he brought it up again. We had a reading of the play in my apartment, he came up with the idea of getting John Madden to direct it, and the play was launched.

Q: Mr. Feiffer, do you feel that economics defeated your Broadway production of Grown Ups? If you had it to do over again, would you opt for an off-Broadway production first?

Feiffer: If I had it to do over again, I wouldn’t have written any plays. As I say, this makes sense only as an obsession. Beyond that, there’s no sense at all. I keep swearing that I would never do another Broadway play, and I stick to that until I write a play and somebody says, “O.K., we’ll put this on Broadway.” 

I can’t complain about the review [Grown Ups] received from Frank Rich in the New York Times [“‘Grown Ups’ By Feiffer at Lyceum,” 11 December 1981], but the power of the Times did not seem to go all that far with this play. My assumption is that if it had been done off-Broadway, it would have done better. The question is would the cast have been as good? I don’t know. I’ve seen off-Broadway plays with wonderful companies, of course. But if you get a wonderful company off Broadway, you’re more likely to lose them when the agents and producers and movie and TV people come around and discover them and take them away for their projects.

Q: Grown Ups was also done on television [Showtime, premièring on 25 November 1985]. Did you find that the change from stage to TV — moving from a public medium to a private one — required you to do any appreciable rewrites?

Feiffer:  No. I insisted that John Madden direct it again, and we put together a completely different company of actors—Jean Stapleton, Martin Balsam, Charles Grodin, Mary Lou Renner, and a Canadian actress named Patty Campanero. We had three weeks of rehearsal and shot it in something like six days. I was just bowled over by the work Madden and his company did. I had nothing to do with the production. I just dropped in now and again. I had a bit more to do with how it was edited—“This works,” “This doesn’t,” “Can we tighten this”—which was easy enough. But what happens to the play on TV is that it becomes much less a public event, one that you can laugh at with a bunch of other people in the theatre. Watching it at home on TV, in the middle of your own family situation, it seems to be much more personally threatening. The laughs go. They come back with a large audience. I showed the TV version at the New School [university in New York’s Greenwich Village] once, and with a group of over 50 people it was a laugh riot. But in a room of five or six people, maybe you’ll get an ironic groan from them out of the entire two acts. If you ask me which I prefer, I think I love it both ways. I would hate to miss the laughs in the theatre, but I don’t miss them on TV.

The laughs I get are out of an ironic disposition toward social situations. I’m very bad at making up jokes. I was never a big gag cartoonist. My focus is more along the lines of dealing with two people in a relationship wanting different things and how they do or do not deal with that. How they do or do not deal with that may come out funny, but it’s not because they’re joking. It’s because they’re not joking. It’s because the characters have no sense of humor about the situation they’re in, no distance. So the laugh comes not out of a joke but out of thwarted objectives or outright lies which the characters may not catch but the audience does.

Q: Can I ask you about screen writing, with particular reference to your work with Robert Altman [1925-2006; film director, screenwriter, and producer] and Mike Nichols [1931-2014; film/theatre director and comedian]?

Feiffer:  Altman has a better visual sense than just about any other American filmmaker. He can take anything and make it visually credible, and so I was sure he could take the [E. C.] Segar [1894-1938; cartoonist who created Popeye in 1929] characters that I had in my Popeye script [1980 musical comedy film directed by Altman and written by Feiffer]—the Popeye of 1936, 1937, 1938—and make that world real. That is what he did, exactly. He cast almost impeccably. He had a town built that housed cartoon characters as if they were people out of a documentary. He created a reality on the screen that made almost anything possible. And he shot maybe 45 or 50 percent of the script I had written. This was something of a record for him. I mean, when you work with Altman, you know from the start what the rules are going to be, so I had no real complaints. I knew what I was going to be getting into. We had our disagreements, our fights, but unlike some other industry people I’ve had fights with, he behaved like a gent. He showed extraordinary generosity during the shooting of the film.

I did have problems with the film. Like any bigoted writer, I think if he had shot every line I had put into the script, it would be a better film. On the other hand, I think in many ways it is pretty good. I know that it has been very successful in video stores and that kids love it. People talk to me about it a lot, now even more than when it came out. So it seems to have a shelf life, which pleases me. That’s the story on Altman.

With Nichols, it’s another story. As I said before, I wrote Carnal Knowledge [1971 comedy-drama film directed by Nichols and written by Feiffer] originally as a play, and I sent it to Nichols. I had originally sent Little Murders to Nichols, and I’d never heard from him about it. So I was surprised when, within 24 hours, he called up to tell me he loved the play but he thought it wasn’t a play but a movie, that we could shoot it just as it was written (which turned out to be grossly untrue); also that the role of the lawyer from the Bronx could only be played by a young actor who was in a new movie I should see called Easy Rider [1969 road drama film written by Peter Fonda (who also starred and produced; 1940-2019), Dennis Hopper (who also starred and directed; 1936-2010), and Terry Southern (1924-95; novelist, essayist, screenwriter, and university lecturer)]. Jack Nicholson [b. 1937]. So I went to see Easy Rider and thought, “This is weird.” And Nichols said that the other part could only be played by Art Garfunkel [b. 1941; pop singer, actor, and poet; best known half of the folk rock duo Simon & Garfunkel], who had never acted in a movie until something Nichols was then finishing called Catch-22 [1970 satirical comedy war film]. I thought that was weird, too. And then he suggested Candice Bergen [b. 1946], who I didn’t think could do it. And Ann-Margret [Olsson (b. 1941); Swedish-American actress and singer], to whom I objected strongly.

It generally went that way. I had learned a bit about casting from the Broadway version of Little Murders. I was directly involved in several awful mistakes in casting on that, so when Arkin was going to do Little Murders, the one demand I made was that he not consult me on casting, and he didn’t. Every time I heard that so-and-so was going to be cast in a particular part, I said, “That’s awful. That’s a terrible mistake.” And his choices turned out to be perfectly right. So, when Carnal Knowledge was being cast, every time I thought Nichols was making a mistake, I figured I still had a bad sense of casting (I am much better at casting my friends’ plays than my own). I didn’t quite stay out of it, but I made leaps of faith with Mike that paid off.

As far as script changes went, it really was a matter of taking stage dialogue—which sounds fine in the theatre but sounds weird on film—and finding new ways of saying the same things or finding visual metaphors. A lot of the time, material which would have been fine onstage is redundant in film because, say, a closeup of someone’s eye shifting will get across what onstage might have required explanation. It was about this sort of thing that Mike was particularly knowledgeable.

There’s one scene in Carnal Knowledge in which the character played by Nicholson and the character played by Ann-Margret are in the bedroom, and Nicholson says the most awful things in the world to this woman. He curses her up and down, verbally and morally numbs her. The night before we were supposed to shoot this scene, Mike said, “Let’s go for a drive.” So we did, and he said, “I don’t know about this scene. I don’t know whether audiences will accept it. It may be too strong. I just don’t know. I’m really worried about it.” He didn’t ask me to defend it, and I didn’t. I just didn’t. By then we had been into the movie long enough so that I felt I didn’t have to argue about it or say, “This is crazy. What do you mean?” At the end of the drive, he said, “No, we have to do it. We have to shoot it because this is what would happen.” He understood from his own point of view that the logic of the story he was telling made the scene absolutely necessary, so, despite his concern about the audience reaction, he went in and shot it.

Durang:  One of my favorite scenes in Carnal Knowledge is the one in which Nicholson shows slides of the women he’s been involved with, talks about each of them and is absolutely beastly about each one. I was curious, was that in the play as well?

Feiffer: Yes, and it was even longer.

Q: I wonder what your thoughts are on being a hyphenated artist, someone who’s successful as both a cartoonist and a playwright.

Feiffer: When I embarked on my theatrical career, I knew that, because of the subject matter that interested me, it would be perilous. But I was able to enter it with total abandon because I had flop insurance in that I was already a successful cartoonist. If you have success and only use it to conserve what you’ve got, then you become a kind of prisoner to it, and that stops you from progressing in your work. It seemed to me that if I wasn’t able to use my success as a tradeoff against commercial failure in the theatre and getting lumps from the critics, then there was no point to that success. This was what I had in mind when I started, and it helped me launch myself into work that I had been afraid to do before because I’d been afraid of failure. Having a cartoon that comes out in front of an audience once a week guarantees that you can recover from a play that gets terrible reviews—though I must say, it takes longer periods of time for me to recover these days. I’m not as resilient as I used to be.

[Jules Feiffer (1929-2025) was a cartoonist, playwright, screenwriter, and once the most widely-read satirist in the country.  The author of over 35 books, plays, and screenplays, Feiffer established his career in the 1950s as a staff cartoonist for The Village Voice.  His wit and diversity of talent earned him an Academy Award for his animated short film Munro (1961), the 1986 Pulitzer Prize for Editorial Cartooning, a place in the Comic Book Hall of Fame, and the Dramatists Guild’s own Lifetime Achievement Award in 2023. He joined the Dramatists Guild in 1966 and was elected to the Guild’s Council in 1970.

[Christopher Durang’s (1949-2024) plays include Turning Off the Morning News (2018), Why Torture Is Wrong And The People Who Love Them (2009), Vanya and Sonya and Masha and Spike (2012; Tony Award for Best Play; recipient of the Dramatists Guild’s Hull-Warriner Award), A History of the American Film (musical; 1978; Tony nomination), Sister Mary Ignatius Explains It All For You (1979), Baby with the Bathwater (1983), Laughing Wild (1987), Betty’s Summer Vacation (1999), Mrs. Bob Cratchit’s Wild Christmas Binge (musical; 2002), Miss Witherspoon (2005; Pulitzer Prize finalist), The Marriage of Bette and Boo (1985; Hull-Warriner Award), Sex and Longing (1996), and a musical, Adrift in Macao (2007), with music by Peter Melnick (b. 1958).  Together with Marsha Norman (b. 1947; playwright, screenwriter, and novelist), he directed the Lila Acheson Wallace American Playwrights Program at the Juilliard School from 1984 to 2016.  He joined the Dramatists Guild in 1978, was elected to Council in 1981, and received the Guild’s Lifetime Achievement Award in 2024. 

[A previous post from this same source, “‘In Conversation: Lynn Nottage & Paula Vogel’" by Tari Stratton, was posted on ROT on 7 October 2017.  The second Jules Feiffer interview from The Dramatist, "The Next Part of the Puzzle: Jules Feiffer interviewed by Jeffrey Sweet,” will be posted here on Thursday, 19 June.  Please come back to Rick On Theater to read more from playwright-cartoonist Feiffer.]


11 June 2025

1933 Double Eagle: The World's Most Valuable Coin (Part 3)

 

[This installment will conclude my series “1933 Double Eagle: The World’s Most Valuable Coin.”  We pick up the story still in the 21st century’s second decade and bring it up to the beginning of the third decade, the last coverage I could find.  As I think you’ll find, though, the fabulous gold piece has enough mojo for many more chapters; just as Dashiell Hammett’s black bird went on to a mysterious future after the book and the movie ended, I imagine the 1933 Double Eagle will have a long, if hidden life. 

[As usual, I suggest that readers return to June 5 and 8 to read Parts 1 and 2 of this series before moving on to Part 3 below.  The story begins there and I’ve included many details referred to here more completely in the earlier installments.] 

FAMILY LOSES COINS WORTH MILLIONS IN DISPUTE WITH U.S.
by Peter Loftus

[This follow-up report by Peter Loftus on the Langbord family’s claim of ownership of 10 Double Eagles ran in the Wall Street Journal of 20 July 2011 (Sec. A [news], on page 7, labeled “U.S. News.”).  It was posted on the WSJ website on 21 July.

[(A word about the digital posting of this and the following Wall Street Journal article: the links provided above and below lead to a site that’s only accessible to subscribers.  I tried to access the online articles through the Wayback Machine from the Internet Archive, but I was unsuccessful. 

[(Readers who aren’t WSJ subscribers can get both a digital version and a PDF of the articles through Proquest, which is available on many library databases.  Many libraries also provide a WSJ database as well.  Note that many library databases are accessible from home if you have a library card.)]

PHILADELPHIA—A jury concluded that the U.S. Mint may keep 10 rare gold coins it confiscated from the heirs of a Depression-era coin dealer who obtained them under mysterious circumstances more than 70 years ago.

The jury said Wednesday that the government had proven its case that the coins—known as 1933 Double Eagles and worth millions of dollars—should be forfeited by the family.

During the 10-day civil trial in federal court, the government argued the late Philadelphia coin dealer, Israel Switt [1895-1990], obtained the Double Eagles illegally in the 1930s in cooperation with a cashier at the Philadelphia arm of the Mint.

His daughter and two grandsons—Joan [b. 1930], Roy [b. ca. 1952] and David [1955-2023] Langbord—argued there was no evidence the coins were stolen, and that they should get them back.

“We get to keep them,” said Assistant U.S. Attorney [for the Eastern District of Pennsylvania] Jacqueline Romero [b. 1970/71] after the verdict. “This was government property that was stolen.”

The case remains subject to further proceedings in which a federal judge may decide the ultimate ownership of the coins.

Joan Langbord found the 10 coins in a family safe-deposit box in 2003 [nb: this assertion will be disputed] and turned them over to the Mint to be authenticated. The Mint confirmed the coins were real, but then kept what it said was U.S. property.

The jury found the government was correct in seizing the coins because they were products of a crime—either stolen or having left the Mint illegally and were concealed.

Barry Berke, an attorney for the Langbords, declined to comment. Roy and David Langbord both declined to comment; Joan Langbord couldn’t immediately be reached.

The coins in question, which had a face value of $20 apiece, were minted in 1933. But they were part of a batch that wasn’t supposed to circulate because President Franklin D. Roosevelt [1882-1945] ordered the Mint to stop releasing most forms of gold as part of his efforts to combat the Great Depression [1929-39].

But some coins got out, including one that sold at a Sotheby’s auction in 2002 for $7.6 million [see Parts 1 and 2].

The government said historical records showed no 1933 Double Eagles were supposed to be authorized for release to the public.

The family argued that a “window of opportunity” in the days after FDR took office made it unclear whether coins should go out[, and so it was possible the Mint cashier legitimately exchanged the ’33 Double Eagles for older coins brought in by members of the public. – nb: these words are not in the print edition].

[Peter Loftus is a reporter for the Wall Street Journal in Philadelphia, covering the pharmaceutical and medical-device industries, among other subjects.  Before joining the Journal in 2013, he was a reporter for Dow Jones Newswires since 1997.  He previously worked as a courthouse reporter at the Reporter newspaper in Lansdale, Pennsylvania.  Loftus graduated from Indiana’s University of Notre Dame with a bachelor’s degree in English and history.]

*  *  *  *
RARE GOLD COINS BELONG TO MINT, JUDGE DECIDES
by Peter Loftus 

[What turned out to be the last word on the Langbord’s claim to their stash of Double Eagles (there’s a coda appended below, but it doesn’t change the last court’s decision) was reported in the Wall Street Journal on 6 September 2012 (Sec. A [news], on page 3, labeled “U.S. News.”).  It was posted on the WSJ website on 9 September (see note above concerning this link).]

PHILADELPHIA—A federal judge ruled that the U.S. Mint may keep 10 rare gold coins seized from the heirs of a Philadelphia coin dealer who obtained them decades ago under uncertain circumstances.

U.S. District Judge [of the U.S. District Court for the Eastern District of Pennsylvania] Legrome D. Davis [b. 1952] said in an Aug. 29 opinion that the 1933 “Double Eagle” coins—which have a face value of $20 apiece but are now worth millions of dollars—”remain the property of the United States” and “were not lawfully removed” from the U.S. Mint in Philadelphia.

The ruling could clear the way for the Mint to decide where to store or possibly display the coins, which have been kept at the U.S. Bullion Depository at Fort Knox, Ky., since being confiscated several years ago.

The Mint is assessing the best way to securely exhibit the coins and expects to announce plans in the near future, a spokesman said.

The ruling is another setback for Joan Switt Langbord and her two sons, Roy and David Langbord, who had claimed ownership of the coins after Ms. Langbord said she discovered them in a family safe-deposit box in 2003.

The family said the coins were left behind by Ms. Langbord’s late father, Israel Switt, a coin dealer and operator of a jewelry and antique shop. The government disputed the family’s ownership and confiscated the coins.

The disputed coins are among the rarest and most valuable in the world. In coin vernacular, which dubs a $10 coin an “Eagle,” they were known as Double Eagles. They feature a soaring eagle and liberty figure resembling a Greek goddess etched on opposite sides, and were designed by sculptor Augustus Saint-Gaudens [1848-1907] in the early 1900s at the behest of President Theodore Roosevelt [1858-1919], who wanted American coins to be more beautiful. More than 445,000 Double Eagles were minted in 1933, but they weren’t supposed to be circulated because then-President Franklin D. Roosevelt banned the payout of gold coins to combat a financial crisis.

Most of the 1933 Double Eagles were melted into gold bars, but some escaped destruction and have surfaced over the years. One sold at a Sotheby’s auction in 2002 for $7.6 million.

The Justice Department argued that a cashier at the Philadelphia Mint in the 1930s was the likely source of coins that left the Mint illicitly, and they somehow got into the hands of Mr. Switt, who died in 1990. In the 1940s, the Secret Service hunted down several stray Double Eagles and concluded that Mr. Switt had sold them, according to court documents.

The Langbords said the government had no proof the coins were obtained illegally. Their attorney argued there was a legal window of opportunity in 1933 during which some coins may have legitimately left the Mint.

Following a civil trial in U.S. District Court in Philadelphia, a jury concluded in July 2011 the U.S. proved its case that the coins should be forfeited by the Langbord family. However, final resolution of the case has remained on hold while the judge weighed legal motions filed by both sides.

The family had asked the judge to overturn the verdict, saying there was insufficient evidence the coins were stolen or embezzled. The government asked for a judgment that the coins weren’t lawfully removed from the Mint.

Judge Davis, who was nominated by former President George W. Bush [b. 1946; 43rd President of the United States: 2001-09], sided with the government, writing in a 54-page memorandum accompanying his Aug. 29 opinion: “Given the evidence, a reasonable jury could find that the ‘33 Double Eagles were knowingly stolen or embezzled from the Mint.” The government is “the true owner of the stolen coins [Langbord v. USA, Declaratory Judgment, 29 August 2012].”

“We are pleased with Judge Davis’s well-reasoned and thoughtful opinion,” Zane David Memeger [b. 1964], U.S. Attorney for the Eastern District of Pennsylvania, said in a statement.

The Langbord family plans to appeal the decision, their attorney said. “This is a case that raises many novel legal questions including the limits on the government’s power to confiscate property,” said the lawyer, Barry H. Berke.

[The Langbords disputed Judge Davis’s findings and in November 2013 appealed to the United States Court of Appeals for the Third Circuit.  They argued their case on multiple levels, and in April 2015, a three-judge panel ordered the Government to return the coins to the family of Israel Switt.

[The Government, however, petitioned the Appeals Court for a rehearing in front of all 13 of the Appellate Court judges.  This request, though rare, was granted. The full Court of Appeals reversed the earlier panel’s decision.

[Although the decision of the Third Circuit Court of Appeals seemed to uphold the Government’s long-held position of ownership definitively, on 28 October 2016, the Langbord family appealed to the Supreme Court of the United States.  On 17 April 2017, SCOTUS decided not to take the Langbord appeal.

[After 11 years, finality came to the litigation concerning the 1933 Double Eagles, and the Government’s long-held claims of ownership were confirmed.  

[The 10 Langbord coins are currently being held at Fort Knox by the U.S. Mint and are treated as “heritage assets.”  The Mint has stated that the coins won’t be melted and are being preserved.  They may be used for educational purposes and public exhibits in the future.

[(“Heritage assets” refer to the coins’ significance beyond their monetary value.  They’re items that hold historical, artistic, scientific, or cultural significance and are maintained for their contribution to knowledge and culture.)

[But that wasn’t the end of the story . . . .]

*  *  *  *
A COIN SO RARE IT SHOULDN’T EXIST IS OUT OF THE VAULT
by James Barron 

[James Barron’s report on the return of the 1933 Double Eagle to public display was published in the New York Times on 13 August 2013 (Sec. A [news]) in a column called “City Room” on a page labeled “New York.”  It was also posted on the Times website as “A Coin Is Historic, Priceless and No Longer in a Vault” on 12 August.]

For 10 months, the world’s most valuable coin sat wrapped in plastic on a folding chair in a little cagelike compartment behind a bright blue door at the Federal Reserve Bank of New York. It was only a step or two away from billions of dollars’ worth of neatly stacked bars of gold bullion.

On Monday, a man in a dark suit stashed the coin in his briefcase and coolly walked out of the Fed’s heavily guarded limestone-and-sandstone building, a couple of blocks from the New York Stock Exchange in Lower Manhattan. He nodded politely to the guards on the front steps of the Fed. They did not stop him.

The man with the briefcase, David N. Redden [1949-2024], an auction-house executive [Vice Chairman of Sotheby’s], was not pulling off a heist. He was taking the coin on a 6.7-mile ride to the New-York Historical Society on Central Park West.

“It’s history,” Louise Mirrer [b. ca. 1952], the president of the historical society, said of the coin after Mr. Redden had turned it over to curators who fitted it into a display case. “We have lots of priceless objects, but it’s always exciting to have the most valuable anything.”

The coin is valuable — Mr. Redden auctioned it at Sotheby’s for $7,590,020 in 2002 [see Part 1], at the time the highest price any coin has ever sold for — because it should not exist. That is why it has inspired four books, a documentary for the Smithsonian Channel and an episode of the cable-television drama “The Closer.”

[Four books, both fiction and nonfiction (there are certainly more) are: David Tripp, Illegal Tender: Gold, Greed, and the Mystery of the Lost 1933 Double Eagle (Free Press, 2004); James Twining, The Double Eagle (HarperTorch, 2006); Alison Frankel, Double Eagle: The Epic Story of the World’s Most Valuable Coin (W. W. Norton, 2007); and Steven P. Gower, The Secrets of the Majestic Meridian (US Books Publisher, 2024); the documentary is: “Why This 1933 Double Eagle Coin Will be Worth Millions,” Smithsonian Channel (YouTube), 20 May 2013; the TV series episode is: “Fool’s Gold,” The Closer (Season 7, Episode 17; 16 July 2012) on TNT.]

Known to coin collectors as a double eagle because it was worth twice as much as a $10 eagle gold piece, it was struck in 1933, the year in which President Franklin D. Roosevelt took the United States off the gold standard. He also ordered that year’s run of $20 pieces destroyed, except for two that were earmarked for the Smithsonian Institution.

The double eagle that Mr. Redden put in his briefcase somehow escaped that fate. It apparently made its way to Egypt and back, and was seized by the Secret Service in a sting operation at the Waldorf-Astoria hotel in 1996 [all in Part 1].

Compared to all that, the trip to the historical society was somewhat short on drama. The crowd-pleasing chaos of “Die Hard With a Vengeance,” a [1995] Bruce Willis movie with a bad guy who broke into the Fed underground after a subway crash and made off with lots of gold in a dump truck? No. Mr. Redden made off with a tiny amount of gold — the double eagle is only 34 millimeters wide and weighs just under an ounce — in a black sports-utility vehicle with an armed former police officer at the wheel and another in the front passenger seat.

“For collectors,” he said as the S.U.V. barreled up the West Side Highway, “it’s almost a mystical experience to look at it.” He said this while looking at an almost identical double eagle, one from 1923 that did not have to be destroyed because it had been in circulation. He carries that coin with him everywhere, the way other people carry their cellphones. (He has one of those, too.)

Some coin experts consider the 1933 double eagle the Mona Lisa of coins. Steve Roach [b. ca. 1981], the editor of Coin World magazine, suggested a slightly different description: “The Hope Diamond of American numismatics.” It is the only 1933 double eagle that someone can own legally. On one side of the coin is Liberty, “her hair whipping in the wind,” in the words of David Tripp [b. 1951], who wrote about the double eagle [see note about books above]. On the other side is an eagle patterned after the image on pennies issued a couple of years before the Civil War.

“There are few coins that can capture the public’s imagination in the way that this coin can,” Mr. Roach said. “It’s a unique combination of beauty, desirability and mystery. It’s so rare, but it has such an interesting back story.”

One element of the back story, he said, is the current owner, who has never been identified [coming below]. “It’s one of the wonderful mysteries of coin collecting, who bought that coin,” Mr. Roach said.

Mr. Redden described the owner as “a fabulous collector who was completely captivated by the story of the coin,” but not a coin collector.

“After he bought it, he said, ‘I don’t want to take it home, I don’t want to put it in a bank vault — what should I do with it?’” Mr. Redden recalled. “I said the Fed is planning a show [see Part 2]. It was the star of that show for years.”

But last fall, the Fed sent the coin off to the vault. “The owner is interested in letting the public see it,” Mr. Redden said. The historical society beckoned, and the two security men followed Mr. Redden from the S.U.V. through the society’s back door. They watched as exhibition designers polished its case and tested the alarm, just in case.

“I don’t know what the threat level on this particular item is, because if they steal it, who’s going to buy it?” one of the security men, Louis Guiliano [b. ca. 1962], said. “If you can’t fence the coin, it’s not valuable. It’s only valuable if you can get someone to pay you.”

[James Barron is a Metro reporter and columnist for the New York Times.  He’s the author of the books Piano: The Making of a Steinway Concert Grand (Times Books, 2006) and The One-Cent Magenta (Algonquin Books, 2017), and the editor of The New York Times Book of New York (Black Dog & Leventhal; distributed by Workman Pub. Co., 2009).]

*  *  *  *
A COLLECTOR DECIDES IT’S TIME TO PART WITH HIS TREASURES
by James Barron 

[At long last, the name of the winner of the 2002 auction of the 1933 Double Eagle has been revealed.  This James Barron report ran in the New York Times on 11 March 2021 (Sec. C [“Arts”]) and was also posted on the paper’s website as “He Owns World Famous Stamps and a Prized Coin. Now He’s Selling” on 10 March.”  (The online version of Barron’s article includes illustrations from the print edition: the “treasures” auctioned, including the 1933 Double Eagle.]

On the day in 1918 when the Postal Service [then the Post Office Department (until 1971); a Cabinet department from 1872] began selling stamps with an image of a newfangled airplane, a 29-year-old stockbroker’s clerk and stamp collector went out on his lunch hour to buy some. He emerged from the nearest post office with a single sheet of 100.

Soon federal agents were hunting for him and demanding them back.

The airplane on the stamps was — uh-oh — upside down. The clerk had stumbled across one of the most celebrated stamp mistakes in history, the famously misprinted Inverted Jenny.

A block of four stamps from that single sheet — the only one known to exist — will go on display, by appointment, at Sotheby’s in Manhattan on Thursday in preparation for an auction June 8 [2021].

The quartet, known to collectors as the “plate block,” is one of three rarities owned by Stuart Weitzman [b. 1942; shoe designer, philatelist, and founder of the eponymous shoe company], the designer and entrepreneur known for creating strappy gladiator sandals, thigh-high boots and other shoes that have been worn by everyone from Kate Moss [b. 1974; English model] in his advertisements to Kate Middleton [Catherine, Princess of Wales; b. 1982; wife of William, Prince of Wales, heir apparent to the British throne] in paparazzi photos.

The other two items in the auction are also marketed with superlatives. Weitzman is selling the world’s most valuable single stamp, the 1856 One-Cent Magenta from British Guiana [British colony on the northern coast of South America, until 1966, when it became the independent nation of Guyana], which he bought in 2014, and one of the world’s most valuable coins, a $20 U.S. gold piece that was minted in 1933 and is known as a double eagle. Weitzman paid $7.6 million for it in 2002, at the time the highest price any coin had ever sold for.

[It’s noteworthy that James Barron, the author of this report, wrote a book entitled The One-Cent Magenta about this very stamp in 2017 (see brief author’s biography above).  It tells the stories of those who have bought, owned, and sold “the most valuable stamp in the world” (including Stuart Weitzman). It may or may not be coincidental.]

Weitzman, 79, said that owning the three items had fulfilled a boyhood dream of collecting that began as a rookie with stamps and coins. As an adult, he said several years ago, he focused on pursuing one-of-kind items with lasting value. Now, though, he said, it was time to plan ahead.

“No one takes a U-Haul to the cemetery,” he said. “We have to figure out what to do with all this stuff.”

“The reason I’m doing the selling is my children don’t want to inherit these items,” added Weitzman, who sold his company to the luxury fashion house Coach in 2015 for $574 million [$774.5 million today]. “They say, ‘It’s great to do with them what you did, but we don’t want to have to worry about them, fuss with them, protect them, figure out what to do with them.’”

The money from selling the three items — as much as $37 million [$43.7 million today], based on Sotheby’s presale estimates [the actual auction price will be reported in the last article in this post] — will go to charitable ventures, including the Weitzman Family Foundation.

[The Weitzman Family Foundation is a private, grantmaking foundation that funds charitable organizations and causes. It financially supports organizations involved in left-leaning advocacy on issues like environmentalism, criminal justice, health care, housing, voting, immigration, media, and the arts.]

Richard Austin, head of books and manuscripts at Sotheby’s, said it was “very difficult not to use hyperbole” in describing any one of the three. “For one person to accumulate all these treasures is unusual,” he said. “It’s a childhood collecting fantasy that he was able to make come true. I don’t even know if Stuart appreciates how unusual this is.”

Robert G. Rose [b. ca. 1943], chairman of the nonprofit Philatelic Foundation, which authenticates stamps, was similarly impressed. “You’re talking about two of the most iconic pieces in all of Stamp World, all of philately,” he said. “And of course there’s the coin. It’s one of a kind as well.”

Sotheby’s expects to sell the Inverted Jenny plate block for $5 million to $7 million [$5.9-8.3 million] in 2025] and the double eagle for $10 million to $15 million [$11.8-23.6 million].

Weitzman’s identity as the owner of the double eagle is being revealed here for the first time. Sotheby’s never revealed the buyer after the 2002 sale, and even internally some Sotheby’s employees referred to the purchaser simply as “Mr. Big.” There was speculation that the owner was Bill Gates [b. 1955; businessman and philanthropist; co-founder of Microsoft in 1975] or Steve Jobs [1955-2011; businessman, inventor, and investor; co-founder of Apple Inc. in 1976]. The coin was on display at the New-York Historical Society from 2013 until last month, but the museum merely labeled it “Property of a Private Collector.”

The double eagle is unique: No other double eagles can be privately owned. The 445,500 that were made were supposed to be melted down. But 20, including Weitzman’s, were stolen from the mint. Some ended up in the hands of a Philadelphia jeweler and coin dealer who sold nine of them in the 1940s. In 2004, when his daughter discovered 10 others in his safe deposit box, the government challenged her claim of ownership, and won. The 10 were taken to Fort Knox, leaving Weitzman’s double eagle the only one from 1933 that can legally be sold.

The One-Cent Magenta is also unique — apparently the others printed with it were discarded — and is considered by some collectors to be the “Mona Lisa” of stamps. In the 1920s, it was owned by a textile entrepreneur who was said to have outbid King George V [1865-1936; King of the United Kingdom and the British Dominions, and Emperor of India: 1910-36] when he bought it for $32,250 [$603.1 million in 2025].

Weitzman purchased it from the estate of a later owner, John E. du Pont [1938-2010; philanthropist and convicted murderer], an heir to the du Pont chemical fortune who had acquired it in 1980, before he went to prison for the murder of Olympic wrestler and coach Dave Schultz [1959-1996; Olympic and World champion wrestler]. The killing served as the basis for the 2014 film “Foxcatcher.”

[DuPont shot Schultz to death on 26 January 1996 and he was arrested two days later after a stand-off with police at his Pennsylvania farm estate, Foxcatcher. On 25 February 1997, he was convicted of third-degree murder, but determined to be mentally ill, but not insane. He was sentenced to 13 to 30 years' incarceration.  He was transferred to prison on 15 May 1997 and died in prison at the age of 72 on 9 December 2010, from chronic obstructive pulmonary disease (COPD).]

Like the One-Cent Magenta’s past owners, Weitzman left his mark, a stiletto heel, on the back of the tiny stamp. Among stamp collectors, it is not unusual for the owners of great rarities to put their initials or a symbol on [the] backs of the stamps. Purists cringe, but many philatelists say that doing so — carefully, and tinily — does not damage a stamp or detract from its value.

As for the Inverted Jennies, there is only one plate block, the corner of the original sheet with the number identifying the plate used on each page of stamps at the Bureau of Printing and Engraving. The sheet of 100 was broken up by Col. Edward H.R. Green [1868-1936; businessman and politician], a fanatical collector whose mother was the stingy financier [Henrietta “Hetty” Green; 1834-1916; “the richest woman in America” during the Gilded Age] known as the “Witch of Wall Street.” The other 96 stamps on the sheet have been sold one by one, but the four adjacent to the plate number have remained intact.

Green was the third owner of the sheet. For the first owner — William T. Robey [ca. 1889-1949], the stockbroker’s clerk — it was the lucky find of a lifetime. He paid $24 [$508 today], the face value of the 100 stamps, when he went to a Washington post office on the day they went on sale.

Robey soon turned a profit of $14,976 [$317.2 million in 2025], selling the sheet of 100 stamps for $15,000 [$317.7 million today], enough to buy a new car, which he is said to have driven through the wall of the garage that came with his new house. The dealer who purchased them promptly turned a profit of $5,000 [$105.9 million] by marking up the price $20,000 [$423.6 million] for Green. The plate block has changed hands several times since then, most recently when Weitzman acquired it in 2014.

For years, Weitzman kept quiet about his collecting, not wanting the publicity. In 2012, 10 years after he had bought the double eagle, it was the centerpiece of a display at the Federal Reserve in Lower Manhattan. David Tripp, the special consultant to Sotheby’s on coins, did not know who owned the coin when, at the opening of the exhibit, he was approached by David N. Redden, the Sotheby’s executive who had handled the auction in 2002. Redden had two people in tow.

“David said, ‘I’ve got a friend here with his daughter. His name is Stuart. Tell him about the coin,’” Tripp recalled.

Tripp, unsuspecting, went on to describe the particulars of the coin to the man who owned it.

“Years later,” Tripp said, “when David told me Stuart Weitzman was the owner, Stuart Weitzman the great designer of shoes, I clicked on Google and said, ‘I’ve met that guy before.’”

*  *  *  *
THE WORLD’S MOST VALUABLE COIN
SELLS AT AUCTION FOR $18.9 MILLION
by Nora McGreevy
 

[The online Smithsonian Magazine of 11 June 2021 contained extensive coverage by Nora McGreevy of the auction of some treasures of now-former owner of the famous 1933 Double Eagle once owned by Egypt’s King Farouk.  This was the latest news report pertaining to the storied gold coin I found on the ‘Net.

[Somehow, I doubt it’s the end of the saga, though.  You’ve heard of a bad penny.  This is about a badass gold piece.]

Three collectibles, including a 1993 gold “Double Eagle” and the world’s rarest stamp, fetched more than $30 million at Sotheby’s

Three small collector’s items, each small enough to hold in the palm of one’s hand, broke records on Tuesday [8 June 2021] when they sold for more than $30 million [$35.4 million today] in New York City.

Luxury shoe designer Stuart Weitzman auctioned off the rare objects, dubbed the “Three Treasures,” at Sotheby’s, reports James Barron [b. 1955] for the New York Times. The trio included a shiny gold coin, a set of famously misprinted stamps and a small scrap of magenta paper popularly called “the world’s rarest stamp.”

Of the three, the 1933 “Double Eagle” stole the show, becoming the world’s most valuable coin by selling for a whopping $18.9 million [$22.3 million in 2025]. (The buyer did not want to be identified. [I checked: his name is still unrevealed as of this posting.]) Per a statement, Weitzman purchased the gold $20 coin for $7.59 million [$13.5 million today] in 2002; this time around, it was estimated to fetch between $10 and $15 million.

The Double Eagle coin was the last gold currency struck in the United States, reports Reuters. The newly sold specimen’s value stems from its status as the only legally privately owned 1933 Double Eagle known to survive today.

President Theodore Roosevelt commissioned the coin in the early 1900s from the country’s then-preeminent sculptor, Augustus Saint-Gaudens. [nb: This statement is slightly misleading. The first Double Eagle was authorized in 1849 by President James K. Polk (1795-1849; 11th President of the United States: 1845-49); see my note about the 1907 design in Part 2.] Battling terminal cancer at the time, the artist took up the assignment cautiously.

“I have long wished to do what little I could to improve the shameful condition of our money, but now that I have the opportunity I approach it with fear and trembling,” wrote Saint-Gaudens to a scholar and collector in 1905, according to the Sotheby’s listing.

The Double Eagle’s final design is widely lauded as one of the most beautiful of all time. First minted in 1907, the coin features an image of Lady Liberty striding forward on its obverse and an eagle in flight on its reverse. As Owen Edwards reported for Smithsonian magazine in 2008, the sculptor based the figure of Liberty on Harriette Eugenia Anderson [1873-1938], a well-known model of African American descent from South Carolina.

In 1933, President Franklin Roosevelt moved the country off the gold standard in hopes of bolstering an economy ravaged by the Great Depression. The following year, the U.S. Mint’s director ordered the melting of all 1933 Double Eagles, which had been struck but never issued. Two specimens were given to the Smithsonian Institution, which now houses the coins in the National Museum of American History’s collections.

Despite the Mint’s best efforts, a handful of the rare coins escaped destruction and ended up in private hands. A tangled web of lawsuits and criminal investigations ensued, but the government eventually recovered the stolen coins—aside from this one. Due to a legal battle between the U.S. Treasury and the coin’s previous owner, the record-breaking Double Eagle is the only of its kind that a private person can lawfully own, notes Oscar Holland [b. ca. 1988] for CNN.

Outside of the Double Eagle, the Sotheby’s sale also sought to make stamp collecting history. But as Neda Ulaby [b. 1970] reports for NPR, the auction’s two stamp lots failed to break previous records.

Carrying an estimate of $10 to $15 million, the 1856 British Guiana One-Cent Magenta sold for the still-hefty figure of $8.3 million [$9.8 million in 2025]. (Weitzman purchased the stamp in 2014 for $9.48 million [$11.2 million].) According to Alex Palmer of Smithsonian, the unassuming pink paper is the only known specimen of its kind and has long represented a kind of Holy Grail for stamp collecting enthusiasts.

Shaped like octagons, these small stamps were issued by a local newspaper in the South American colony of British Guiana (now Guyana) during a stamp shortage. Most collectors assumed that the one-off stamps were lost to time, but in 1873, Vernon Vaughan, a 12-year-old Scottish boy and budding stamp enthusiast, discovered a specimen among his uncle’s papers. He sold it for six shillings—the equivalent of about $11 today [and $13 in 2025].

The One-Cent Magenta’s notoriety grew when it came into the possession of famed stamp collector Count Philippe la Renotière von Ferrary [1850-1917] in 1878. The stamp’s list of wealthy, well-known owners has only lengthened over the decades.

Also on Tuesday, American billionaire and philanthropist David Rubenstein [b. 1949; lawyer, businessman, and philanthropist] made the winning bid for a 1918 24-cent “Inverted Jenny” plate block, a quartet of misprinted U.S. Postal Service [sic; Post Office Department] stamps that number among the most famous in the nation’s history. The design features a blue Curtiss JN-4 “Jenny” biplane, which was mistakenly printed upside down, as Edwards Park reported for Smithsonian in 1996.

Rubenstein purchased the “Jennies” for $4.86 million [$5.7 million today]—just under its estimate of $5 to $7 million [$5.9-8.3 million]. Despite fetching less than anticipated, the block remains the second-most valuable philatelic (stamp-related) object ever sold, after the One-Cent Magenta, according to Sotheby’s.

In a post-sale statement, Weitzman says that uniting these three rare items in one collection was a “childhood dream.” All proceeds will go to his family foundation and other charitable causes.

“I started coin collecting to pass the time in a full leg cast at the age of 12, and later became interested in stamps when my older brother left behind the stamp book he’d started when he went to college,” the designer adds. “Today truly marked the culmination of a life’s work.”

[Nora McGreevy is a former daily correspondent for Smithsonian.  She’s also a freelance journalist based in Chicago whose work has appeared in WiredWashingtonian, the Boston GlobeSouth Bend Tribune, the New York Times, and more. 

[As I noted at the end of Part 1. a lengthy account of the whole story of the Double Eagles is online in “The Ultimate Coin: The 1933 Double Eagle” on the Sotheby’s website.  It’s loaded with additional details, so it’s very long (with footnotes).  You’ll need to scroll down a bit to find the story.]


08 June 2025

1933 Double Eagle: The World's Most Valuable Coin (Part 2)

 

[The second installment of “1933 Double Eagle” moves the story ahead to the Sotheby’s auction of the sole gold coin of that run that was legal tender—and we’ll see how much it sold for in 2002.  (Its latest valuation will be revealed in Part 3.  Wait for it!) 

[The story of the Double Eagle up to its resurfacing in 1996 and its sale at auction in 2002 is told in Part 1 of this series.  I recommend going back to 5 June for the beginning of this saga before delving into the continuation below.  (People and facts identified only sketchily here are given in more detail in Part 1.)

[Also below are snippets of the DE story in the ‘00 decade and into the 2010s, along with some of the repercussions of the coin’s resurfacing in 1996.  Read along—and remember, if you can, that this isn’t a Dashiell Hammett mystery!] 

PAGING SAM SPADE:
A GOLD COIN FETCHES $7.6 MILLION AT AUCTION
by Glenn Collins 

[Glenn Collins’s “Paging Sam Spade” ran in the New York Times of 31 July 2002 (Sec. B [“The Metro Section”]).  As you’ll note, Collins’s byline appears on the majority of the Times coverage of the return of the 1933 DE; there are two more of his reports below.]

The 1933 double eagle, a $20 gold piece with a mysterious history that involves a president, a king and a Secret Service sting operation, was auctioned last night [30 July 2002] for a record price for a coin, $7.59 million [$7.9 million in 2025], nearly double the previous record.

The anonymous buyer [identity revealed in Part 3], believed to be an individual collector who lives in the United States, made the winning bid in a fiercely contested nine-minute auction at Sotheby’s in Manhattan. Eight bidders were joined by 500 coin collectors and dealers in an auction-house audience seemingly devoid of celebrity bidders, while an additional 534 observers followed the bidding on eBay.

As auction houses prepare for their fall seasons in an uncertain economy, the sale price “suggests that the marketplace for important items is enormously strong,” said David Redden [1949-2024], a vice chairman at Sotheby’s, who was the auctioneer.

“This is an astonishing new record for a coin,” he said.

In an unprecedented move, the auction proceeds were split by the United States Mint and a London coin dealer, Stephen Fenton [b. ca. 1952], who had won that right in court after having been arrested by Secret Service agents for trying to sell the coin in the Waldorf-Astoria Hotel in Manhattan in 1996.

Henrietta Holsman Fore [b. 1948], the director of the United States Mint, who witnessed the sale, said that “the moneys we receive will go toward helping to pay down the debt and to fight the war on terrorism.”

Mr. Fenton commented that the double eagle had been on “a long historic journey, with a very satisfying ending.” [The history of the 1933 double eagle didn’t actually end in 2002, as readers will see below and in Part 3.]

He added, “I am thrilled with the price.” The previous numismatic record holder was an 1804 United States silver dollar, which sold for $4.14 million in 1999 [$7.9 million in 2025].

Sotheby’s partner in the one-lot auction was Stack’s Rare Coins, with which it shared the customary 15 percent commission. “I have never seen as much interest in the sale of any coin in my 30 years in the business,” said Lawrence R. Stack [b. ca. 1952], the company’s managing director.

“This is the Mona Lisa of coins,” said Beth Deisher [b. 1946], editor of Coin World, the largest weekly coin publication, with a circulation of 85,000. “It is unique. Forbidden fruit.”

Collectors’ Web sites have seethed with speculation about the sale price, and enthusiasts even organized betting pools.

Last night, Mr. Redden took the podium for nine minutes before the gavel came down, recognizing bidders in the audience and on the telephone. The tension in the crowd was broken with a burst of applause after the $5 million mark, and a louder explosion at $6 million [$8.9 and10.7 million today].

The rumor in the crowd had been that “anything under $6 million would be a bargain,” said Ute Wartenberg [b. 1963], executive director of the American Numismatic Society in Manhattan. Most bidders dropped out after that price. The gavel sounded at $6.6 million [$11.7 million in 2025] after a Sotheby’s senior vice president, Selby Kiffer, made the final bid for the anonymous buyer on the telephone. The sale price of $6.6 million, when added to the commission, totaled $7.59 million [$13.5 million today].

The auction attendance was swelled by coin collectors who had gathered on the eve of the American Numismatic Association Convention [31 July-4 August 2002], the largest coin show of the year, expected to draw more than 10,000 people to the Marriott Marquis Hotel today. “So the auction was almost like the ribbon-cutting ceremony for the convention,” Mr. Stack said.

Ms. Fore of the mint said the high price for the coin was reached “because it is one of a kind, it is beautiful and it has a great story.”

The coin was the only 1933 double eagle that has ever been legally offered for sale, and its Maltese Falconesque history [see note in Part 1] only recently came to light, thanks to documents unearthed during the five-year legal battle over its ownership.

In 1792, it was deemed that all gold and silver United States coins would bear the depiction of an eagle [Coinage Act of April 2, 1792], but gold pieces were issued only after the [California] Gold Rush [1848-55] boom, in 1850. They were called double eagles because their face value was twice that of the original $10 gold piece [see note below].

Following the suggestion of President Theodore Roosevelt [1858-1919], the sculptor Augustus Saint-Gaudens [1848-1907] redesigned the coin in 1907 in high-relief, forever after giving the coins the designation “saints.”

But in 1933 President Franklin D. Roosevelt [1882-1945] took the United States off the gold standard, and ordered all the 1933 saints already manufactured destroyed, save for two reserved for the Smithsonian Institution. They were never declared legal currency.

But presumably after being stolen by a mint employee, nine double eagles surfaced during the mid-1940’s and 1950’s. They were seized by the Secret Service and melted down. But before these coins came to light, the royal legation of Egypt turned up with one at the Department of the Treasury, and somehow got an official to issue an export license for the coin to enhance the collection of King Farouk [1920-65; reigned: 1936-52]. By the time that blunder was discovered, the coin had left the United States.

In 1954, after the king was deposed [1952], his coins were sold at auction and the double eagle vanished. It went underground until it came to Mr. Fenton in 1995. His arrest in Manhattan, after attempting to sell the coin for $1.5 million [$3.1 million in 2025], led to a court battle over whether — thanks to the Treasury’s mistaken export permission in 1944 — the coin could be legally owned.

The double eagle came close to being melted down many times. The coin once again escaped destruction when it was moved from the Treasury Department vault in 7 World Trade Center eight months before the building collapsed after the Sept. 11 terrorist attacks.

Ms. Deisher said the only comparable episode of coin frenzy in recent memory was the 1999 auction, for $4.14 million, of an 1804 silver dollar, the finest of only 15 known to exist. “But the double eagle is fascinating because of all the history and the intrigue,” Ms. Deisher said. “And it is unprecedented that the United States government is vouching for its authenticity.”

The mint studied the coin microscopically and matched it with one of the original dies used to strike it, and certified its genuineness.

The record price was seen as a gift by coin collectors. “Many people believe that our great coin rarities are vastly undervalued in comparison to old master paintings,” Ms. Deisher said.

In a ceremony after the sale, Ms. Fore of the mint declared the coin the only 1933 double eagle ever to be legally issued by the United States Government. This “monetized” the coin, making it legal tender. The buyer will receive a certificate of transfer stating just that, but only after paying the auction price and a fee of $20 for the face value of the coin.

That made the sale price actually $7,590,020.

*  *  *  *
ON VIEW FOR PUBLIC COVETING
by Glenn Collins 

[This Collins report from the middle of the decade appeared in the New York Times of 10 January 2005 (Sec. B [“The Metro Section”]).  “On View” is an account of the period the coin was displayed after the sale in 2002—though the identity of the owner, the person who bought it 30 months earlier, was still unknown.  (That identification is coming up in Part 3.)]

Out of the Vault, the World’s Most Expensive Coin Is Back on Display at the Federal Reserve

Until last week, the world’s most expensive coin was hidden in the world’s most valuable gold vault.

That is to say, in the brilliantly lighted blue-and-white stronghold of E Level, the deepest sanctuary of the Federal Reserve Bank of New York, the city’s bank of banks.

The coin was locked in a compartment at bedrock, 80 feet below Liberty Street in Lower Manhattan, surrounded by $90 billion worth of gold bars — some 550,000 of them — from 60 foreign institutions. That is more gold than at Fort Knox, and indeed, more than in any other repository.

This exceedingly rare United States $20 gold piece, the $7.59 million 1933 double eagle, will be placed on public display today in the ground-floor exhibition space of the Fed’s massive iron-barred neo-Florentine fortress of a building at 33 Liberty Street.

For more than a year the double eagle had been on view there in a free exhibition [16 January 2002-28 September 2012], “Drachmas, Doubloons and Dollars: The History of Money.” But in August the coin was spirited to the subbasement after a sudden Orange Alert from the Department of Homeland Security, which warned of “casing and surveillance activities” against major United States financial institutions.

For the double eagle’s return from the underworld, The New York Times was granted rare permission to enter the vault on a recent morning as the coin was transferred, after agreeing not to describe the bank’s security arrangements or print the names of its subterranean guardians.

Among those present were: three federal officers with automatic weapons. The archivist of the bank. A senior vice president of the bank. The head of the American Numismatic Society. The coin owner’s representative. The coin’s historian. A vault keeper. An auditor. A custodian. And yes, the two carpenters who actually did the work.

This, then, was the retinue monitoring the transport of the double eagle, a 34-millimeter-wide, 0.96-ounce stamped disk that is 90 percent gold and 10 percent copper. The length of the journey was but five floors: from the vault to the street-level exhibition space.

The coin-storage compartment — itself guarded by multiple locks — was adorned with a fragile paper seal, “just as I left it on Aug. 2,” said Rosemary Lazenby, the bank’s archivist. “Afterward, we kept it down here for the Republican convention [RNC, 30 August-2 September 2004, New York City], and then there was the election [2 November 2004].”

The doors swung open. The coin winked smartly in the light, along with 11 other rare specimens from the exhibition that had been mounted on a plexiglass display panel. Immediately there were inspections by Ms. Lazenby, the auditors and David Redden, a vice chairman of Sotheby’s, the auction house where the coin was sold for a record price on July 30, 2002 [see above and Part 1. He represents the coin’s still-anonymous owner whenever it is moved.

Also scrutinizing the treasures was Ute Wartenberg Kagan, executive director of the American Numismatic Society, which is the co-sponsor of the exhibition, along with the Federal Reserve.

Two carpenters, Cosimo Marolla [b. 1940] and Joseph Palus, lifted the coin into a shiny rubber-wheeled steel cart and began trundling it along the dented vault floor. (The dents are from gold bars that were inadvertently dropped by vault wranglers in the decades since the building was completed in 1924. These days, handlers wear steel-toed shoes plus $500 [ca. $820 today] magnesium shoe covers to protect feet from accidentally plummeting 27-pound ingots.)

Soon, then, members of the coin posse began watching the double eagle (and each other) as it was transported in the vault elevator up to the bank’s exhibition level.

There, Mr. Marolla and Mr. Palus buffed the inch-thick mounting panel with Precision Glass Cleaner, and hoisted the coins into the hyper-secure centerpiece vitrine in the exhibition room. The total value of the 12 rare coins within — estimated from $15 million to $25 million [$24.6-40.9 million today] — makes it, said Dr. Wartenberg Kagan, “without doubt the most valuable coin case in the world.”

An hour and a half after the vault seal was broken, the coin was reinstalled, to be displayed indefinitely. “It’s good to see it returned to its home,” Ms. Lazenby said of the double eagle, which is on long-term loan to the Fed. The $7.59 million price of the double eagle, which included a 15 percent commission to the auctioneers, “is the record for a United States coin,” said Beth Deisher, editor of Coin World, the largest weekly coin publication, in a telephone interview from her office in Ohio.

But the double eagle is on display not only because of its record price — twice the previous record for any coin — but also for its Maltese Falconesque history.

The coin’s story only recently came to light thanks to documents unearthed during a five-year legal battle over its ownership. At the suggestion of President Theodore Roosevelt, the sculptor Augustus Saint-Gaudens designed the coin, called a double eagle because its face value was twice that of a $10 gold piece bearing the depiction of an eagle. It was first minted in 1907.

[The Saint-Gaudens double eagle, of which the 1933 coinage was one exemplar, was first issued in 1907. An earlier double eagle design by James B. Longacre (1794-1869; portraitist and engraver), called the Liberty Head, however, was minted in 1849. The eagle, half eagle, and quarter eagle, with face values of $10, $5, and $2.50, were circulated from, respectively, 1795-1933, 1795-1929, and 1796-1929.

[For the sake of comparison, in 1933, though it was never released onto the market, the DE would have had the buying power of $492 today; the first double eagle would buy $831 worth of today’s goods. The other coins’ purchasing powers, in the years of their initial issuance, would currently be equivalent to $254, $127, and $61.]

When the United States came off the gold standard in 1933, all the double eagles manufactured that year were ordered destroyed [all other, previously legal tender gold coins had to be surrendered], save for two reserved for the Smithsonian Institution [on display at the National Museum of American History in the National Numismatic Collection]. None were declared legal currency.

But presumably after being stolen by a mint employee, one of the 1933 coins was believed to have been conveyed to the legendary coin collection of King Farouk of Egypt — legally, thanks to a United States Treasury export license that had been mistakenly granted. Ultimately a 1933 double eagle came into the possession of a London dealer, who was arrested by Secret Service agents in a sting operation while trying to sell the coin in Manhattan in 1996 [see above and Part 1].

A bitter court battle — over whether the coin could be legally owned, thanks to the Treasury’s export-license blunder — was at last resolved in a compromise when the mint declared the coin to be the only 1933 double eagle ever to be legally issued by the United States [25 January 2001]. The proceeds from its auction were then split between the dealer [Fenton] and the government.

There may be other 1933 double eagles that have never come to light, said David Tripp [b. 1951], a rare-coin consultant who wrote the original Sotheby’s exhibition catalogue as well as the definitive history of the coin, “Illegal Tender: Gold, Greed and the Mystery of the Lost 1933 Double Eagle” (Free Press, 2004). But the one on display at the Federal Reserve “is the only one that is legal to own,” said Mr. Tripp, who was present at the bank during the unsealing.

Coin-collecting gossips have ceaselessly speculated about the identity of the double eagle owner, nicknamed Mr. Big by auction buffs.

“We know of no one in the coin world that the owner has talked with,” said Ms. Deisher. “We have put out teasers to the owner that we’d love to interview him or her, but we haven’t been contacted.”

By permitting the coin to be publicly displayed, Ms. Deisher said, “clearly the owner is generous and thoughtful, and has a sense of history and wants to share it with the public.” But it is also smart of the owner to entrust the coin’s security to the full might of the federal government, she said. The closest anyone has come to making off with gold from the New York Fed were the fictional villains in the 1995 action film “Die Hard With a Vengeance.” They were, naturally, foiled by Bruce Willis.

“If the double eagle is the Mona Lisa of coins,” Ms. Deisher added, “then the analogy is public display in the Louvre. That keeps the painting before the public eye, and helps give it the value that it has.”

*  *  *  *
IN THIS CASE, ALL THAT GLITTERS IS GOLD.
JUST DON’T CALL THEM COINS
by Glenn Collins
 

[Collins’s follow-up report on the on-going tale of the 1933 Double Eagle coin ran in the New York Times on 12 August 2005 (Sec. B [“The Metro Section”]).  The article was also posted on the Times website as “They’re Gold, but Don’t Call Them Coins.”]

The United States Mint announced yesterday [11 August 2005] that it had recovered 10 more of its fabled 1933 double eagle $20 gold pieces and stored them in Fort Knox. But the family that sought to authenticate them at the Mint claims that the government had no right to take them.

Beth Deisher, the editor of Coin World, said that “it has been rumored for years that more of these coins were being held by private citizens.” The Mint’s announcement on its Web site caused a sensation in coin circles yesterday.

A 1933 double eagle that surfaced in 1996 is on exhibition at the Federal Reserve Bank of New York, at 33 Liberty Street in Manhattan. The Treasury declared it a coin as part of a legal settlement, and in 2002 it was sold at Sotheby’s for $7.59 million — the most ever publicly paid for a coin. The anonymous buyer has lent it for display.

“We are pleased that these 10 double eagles have been recovered,” David Lebryk, the Mint’s acting director, said in the statement. “These double eagles were never lawfully issued, but instead, were taken from the United States Mint at Philadelphia in an unlawful manner more than 70 years ago. They are, and always have been, public property belonging to the United States.”

The Mint said that the Treasury would not declare them legal coins, or auction them. They came to light last September when, the Mint said, the government was approached by a lawyer for the family of a Philadelphia jeweler.

The lawyer, Barry H. Berke of Manhattan, said the gold pieces were “voluntarily” revealed to the government by Joan Langbord [b. 1930; salesperson in her father’s jewelry store, I. Switt], the daughter of the jeweler, Israel Switt [1895-1990; Philadelphia jeweler and coin collector], who died in the early 1980’s [sic]. He added: “The Mint has responded to their good-faith efforts to amicably resolve any issues relating to their coins by seeking to keep the coins. The Langbord family fully expects that their coins will be returned to them so they can be freely traded like every other numismatic treasure with a colorful history. I expect that if they are not returned there will be litigation.”

When the United States came off the gold standard in 1933, President Franklin D. Roosevelt ordered the destruction of all but two of the pieces — called double eagles because they were twice the value of a $10 eagle gold piece. But some left the Mint under murky circumstances that are still debated; any that have turned up have been claimed by the Secret Service. Mr. Berke said that the government had never established that the pieces were stolen.

In 2002, “the Mint guaranteed that no other double eagles would be monetized, and that none other could be sold,” said Ute Wartenberg Kagan, executive director of the American Numismatic Society, so this discovery would not lower the value of the Sotheby’s coin.

“This notoriety might tend to increase the value of the coin,” said David Tripp, the author of “Illegal Tender: Gold, Greed and the Mystery of the Lost 1933 Double Eagle.”

Of the possibility of a lawsuit, Dr. Wartenberg Kagan said: “The family has to come up with an argument about why United States law doesn’t apply in this case, since the government holds that these coins cannot be legally owned.”

*  *  *  *
FAMILY BATTLES U.S. OVER 10 COINS WORTH MILLIONS
by John Schwartz 

[John Schwartz’s continuation of the Langdorne family’s double eagle story was reported in the New York Times of 9 July 2011 (Sec. A [news]), on a page entitled “National”).  It was also posted on the Times website on 8 July.]

PHILADELPHIA — Who owns 10 exceedingly rare American gold coins from 1933?

Is it the family of a local gold dealer who died 21 years ago? Or is it the United States government, which produced a half million of the coins before melting all of them — well, almost all of them — down?

Family members, who say they found the coins in a safe deposit box in 2003, argue they are the rightful owners of the exquisite “double eagle” $20 coins, each now worth millions of dollars. The government argues that the coins, never officially released, belong to the United States, and not the heirs of Israel Switt, the gold dealer.

And so to court.

In a case that began on Thursday [7 July 2011, jurors are getting an unusual lesson in Depression-era history, and will ultimately decide whether Mr. Switt was merely “colorful,” as a lawyer for the family described him, or a thief.

Each side explained in opening arguments that, for all of the history and complexities of 1930s Mint procedures and records to come, the case is quite simple. They disagreed, however, about what the simple point of the case was.

Assistant United States Attorney Jacqueline Romero [b. 1970/71], presenting the government’s case, told jurors, “You are going to hear a remarkable and intriguing story about gold coins that were stolen from the U.S. Mint.”

“Israel Switt was somehow involved” in the theft, she said, probably with the help of a corrupt cashier at the Philadelphia Mint. The government had linked Mr. Switt to every double eagle that had emerged over the decades, she said, including 10 tracked down in the 1940s and one sold with the agreement of the government by a dealer, Stephen Fenton, in 2002 for $7.6 million. That sale was based on a government mistake, she said; these coins would not get the same dispensation.

The government will prove, she pledged, that the heirs knew that the goods were not legitimately theirs, and so the jury should return the coins “to their rightful owner, the people of the United States of America.”

Barry Berke, a lawyer arguing on behalf of Mr. Switt’s heirs, the Langbord family, told the jury that the case was, simply, about power and government overreach. Washington should not be able to seize property from citizens “unless it can prove it is entitled to — and not just powerful enough to take it,” he said.

He called the government’s case an attempt to “rewrite history,” and promised to present alternate explanations for treasured coins coming legitimately into the Langbords’ hands: the mint commonly exchanged coins for gold, he said, and the cashier of the mint kept an “open bag” of 1933 double eagles near his desk.

How did the coins get out? Gloriously designed by Augustus Saint-Gaudens, the 1933 double eagles were never officially distributed. President Franklin D. Roosevelt, trying to stop a bank panic and to stem hoarding, issued an executive order that made owning large amounts of gold bullion and coins illegal. So while nearly a half million were made, all but two, sent to the Smithsonian, were supposed to have been reduced to bullion.

But in 2004, Joan Langbord, Mr. Switt’s daughter, and her sons [Roy (b. ca. 1952), an entertainment lawyer in New York City, and David Langbord (1955-2023), owner of Computer Discounters in Virginia Beach, Virginia] contacted the United States Mint to say they had discovered the 10 coins tucked away in a safe deposit box, within a folded Wanamaker’s department store bag, and asked for help in authenticating them. Instead, the government seized the double eagles — an eagle was a $10 piece, a half eagle a $5 — saying that since they had never been circulated, they must have been stolen. The Langbords sued to get them back.

In 2009, Judge Legrome D. Davis [b. 1952] of Federal District Court, said that the government could not simply assume the coins were government property, and would have the burden of proving the facts in court. While the government has the burden of proof, this is not a criminal case in which guilt must be established beyond a reasonable doubt. It must convince jurors only that a preponderance of the evidence supports its case.

In a tough pair of detailed orders issued just before trial, Judge Davis stated flatly that some of the evidence could allow jurors to infer that the coins were stolen and that the family knew it and concealed them. He noted somewhat acerbically in a footnote that the safe deposit box in which Ms. Langbord “claims to have discovered” the coins had been opened by her in 2002, “the day before the Fenton coin was sold at auction.” [The 2002 auction was held on 30 July; see Part 1.]

Even if the jury decides in favor of the Langbords, Judge Davis could still declare the government the rightful owner. That possibility worries coin collectors, said Armen Vartian, a lawyer who filed briefs in the case on behalf of the Professional Numismatics Guild [association of rare coin dealers]. “The government cannot just go around saying, ‘You have this. We think it’s ours. Give it back,’” he said. Having looked at the evidence against the Langbords, he said, “At best, it’s inconclusive,” and added, “You would think that the government has better things to do.”

In the courtroom, jury selection took much of the first day. The process, as usual, was grindingly slow, but had its moments. Judge Davis, a large man with a sonorous voice who tips back so far in his chair that sometimes only his head is visible over the desk, asked a potential juror whether the fact that her husband collected coins would influence her. Did she share his hobby?

“I don’t collect coins,” she said. “I spend them.”

She was seated.

[John Schwartz is a former science writer for the New York Times, who focused on climate change.  In two decades at the Times, beginning in 2000, Schwartz covered law, technology, the space program, infrastructure, and more.  His work also appeared occasionally in the Times Book Review, “Science Times,” and the “Arts” section.  He also wrote a humor column for the business section’s mutual funds quarterly.

 [With Part 2 of “1933 Double Eagle: The World’s Most Valuable Coin,” we’ve taken the saga into the 21st century’s second decade.  (It started in the fourth decade of the 20th century, though I only picked it up in 2002.)  Part 3, which will be out on Wednesday, 11 June, will pick up a couple of years later and move into the third decade.  Please log onto Rick On Theater then and see where the DE’s journey ends . . . for now.]