Lot 3535
1974 Gerald R. Ford Official Gold Inaugural Medal. Struck in 18 K gold at the Medallic Art's Danbury, Connecticut facility. The 1¼ inch medal was issued at $395.00, 1550 were struck, and were soldout within a week. This was the first authorized official gold inaugural medal ever offered to the public. Gem Brilliant Proof in original box of issue.
Although President Ford signed the bill, which restored the rights for American citizens to own gold, within a week of his inauguration, the Treasury Department ruling were held up for clarification of the order. At a minute past midnight on December 31, 1974, the effective date of the new law, the first examples of this medal were struck. This marked the first time Americans could own gold since the ban was imposed by FDR in 1933. Estimated Value $300 - 400
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| Realized $437 |
