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Author
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Topic: Franklin Mint Apollo 14 flown coins
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mensax
Member Posts: 861
From: Virginia
Registered: Apr 2002
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posted 08-08-2005 05:15 PM
   
Apollo 14 took coins to the Moon that were made by the Franklin Mint. Upon their return from the Moon, Alan Shepard gave all his coins back to the Franklin Mint, and Edgar Mitchell gave some unknown amount of his back, and kept the rest for himself. These returned coins were melted down and added to a bigger mix and were then made into the popular mini-coins that we frequently see for sale on eBay.I recall seeing one of the original coins from Edgar Mitchell at the Astronaut Scholarship Foundation auction a couple years ago. I can't find an image of this coin... does anyone have a photo or scan? Did the Franklin Mint ever keep or sell any of these original flown coins? |
Robert Pearlman
Editor Posts: 53735
From: Houston, TX
Registered: Nov 1999
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posted 08-08-2005 07:31 PM
From the 2003 Astronaut Scholarship Foundation auction:   |
Robert Pearlman
Editor Posts: 53735
From: Houston, TX
Registered: Nov 1999
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posted 07-06-2010 04:43 AM
The following is excerpted from the Sept. 21, 1971 issue of the Numismatic: A complaint was lodged with the Federal Trade Commission on August 31 by Congresswoman Leonor K. Sullivan, chairman of the subcommittee on consumer affairs of the House Committee on Banking and Currency, over the terminology carried in an advertisement of the Franklin Mint. The grounds for the complaint is an Apollo "mini-coin" issued by the firm...In her complaint to the FTC with respect to terminology, Congresswoman Sullivan also noted that she questions "the propriety of a government agency providing the means by which a private commercial firm could have extraneous material transported to the moon for the purpose of reconstituting it later in order to offer unique numismatic pieces to its customers and soliciting new subscribers. It was on this point that there was a misunderstanding between The Franklin Mint and Apollo 14 commander Alan Shepard, which [Franklin Mint president Joseph M.] Segel attributes as follows: "It is apparent that two major contributing factors were (a) the arrangements were made through an independent representative, and (b) the agreement was principally verbal and did not cover all points." In answer to an August 3 inquiry from Congresswoman Sullivan, NASA on August 23 informed that Astronaut Shepard had delineated "three breaches of the pre-flight understanding" by the Franklin Mint. Shepard stated he was "informed specifically that they (the medals) returned to the FM would be melted, reconstituted and distributed as a bonus to existing coin collector club members at the time of the flight." The breaches listed by Shepard were that the pieces "were being peddled in New York," that the original pieces were represented as having "landing on the moon," and that they were used to "promote coin club memberships." The article goes on to report that it was a "complete surprise" to the Franklin Mint that the medals stayed in the command module,* and that it was a surprise to the astronauts that contrary to their belief they had returned 50 medals to the Mint, FM only received 24. It was later determined that a 25th specimen remained in Houston and that the other 25 were retained by the "independent representative." It is most unfortunate that the astronauts, NASA and the Franklin Mint were all cast in a bad light in this situation," Segel concluded. * It was Franklin Mint's advertising that the medals included silver that landed on the Moon that originally led to the complaint being filed with the FTC. | |
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