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Building a World Class Numismatic Gold Coin Collection: The Josiah K. Lilly Collection, Pt. 18

Building a World Class Numismatic Gold Coin Collection: The Josiah K. Lilly Collection, Pt. 18

By Harvey StackFounder, Stack’s Bowers ……
CoinWeek continues to post Harvey Stack’s wonderful series of blogs on not only the building of one of the all-time greatest coin collections but also how the relationship between Josiah K. Lilly and the Stack family grew over time. This week’s entry is the final part in the series, available on the Stacksbowers.com blog. If you’re new to the series, you can start here, at Part 1. Or if you just need to catch up, here’s a link to the most recent issue, Part 17

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The National Numismatic Collection was greatly enhanced by the addition of the J.K. Lilly gold coin collection when the Smithsonian received it, making it the finest and most complete ever assembled in the world. How beneficial that this incredible cabinet resides in our national capital, available for all to see and enjoy,

When first exhibited in 1968 in a larger hall than the collection had previously been in, the Josiah K. Lilly Collection was the highlight. It was a wonder to look at — to see how many different gold coins a collector could assemble.

In the United States and abroad, there had never been such an array of gold coins of the world, as those featured in the J.K. Lilly Gold Coin Collection. Scholars and collectors, historians and government high official made it a point to visit the exhibit and marvel at its contents. The Lilly Gold Coin Collection was further enhanced by many thousands of silver, copper, and gold coins of the United States and the rest of the world, from ancient times until the present. This magnificent accumulation of money of the world showed the wealth that each country had and the coinage styles and designs each used. It was a superb display of coins and documents that illustrated the world’s financial development through the ages.

Smithsonian Institution The National Numismatic Collection remained an important exhibit for the Smithsonian through the years. About a decade ago the Smithsonian underwent an extensive renovation. As the exhibits in other parts of the Smithsonian expanded, it was decided to dismantle the numismatic exhibit, put it away in the vaults, and when the renovations were complete, take it out and redo it. As other collections of Americana became larger, the room for the coin exhibit became smaller. After numismatists made their disappointment known, the Smithsonian decided to take a medium size room and set it aside for the numismatic exhibit. To attract people to the exhibit, they made a huge entranceway, with a giant round steel bank vault door, and then decorated the numismatic exhibit with large showcases and trays. The display is extremely impressive and worth the time and effort to see.

The J.K. Lilly Collection provided many of the highlights of the exhibit, including ancient coins and world coins from a small 1/4 ducat to the largest gold coins of the emperors of Poland and Transylvania. It also brought to the Smithsonian a virtually complete set of United States gold coins, and extensive collections of pioneer, territorial, and pattern coins. It was a great accomplishment for Josiah K. Lilly to assemble his world-class gold coin collection, and the Stack family was pleased to have assisted him in this endeavor. For me, and of course my family, it was an honor and privilege to have been so closely connected with the formation of the Lilly Collection and its special place in numismatics.

I urge you to go to see this outstanding exhibit when you are in Washington D.C. and set enough time aside to appreciate how this display adds to the understanding of the history of money through the ages.


Stack's Bowers
Stack's Bowershttps://stacksbowers.com/
Stack's Bowers Galleries conducts live, internet, and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company's 90-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Joel R. Anderson Collection, The Norweb Collection, The Cardinal Collection, The Sydney F. Martin Collection, and The Battle Born Collection — to name just a few. World coin and currency collections include The Pinnacle Collection, The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Salton Collection, The Wa She Wong Collection, and The Thos. H. Law Collection. The company is headquartered in Costa Mesa, California with galleries in New York, Boston, and Philadelphia. Offices are also located in New Hampshire, Oklahoma, South Carolina, Virginia, Hong Kong, Paris, and Vancouver.

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