Mort Goodman- A Little Numismatic History

Discussion in 'US Coins Forum' started by Evan8, Oct 21, 2023.

  1. Evan8

    Evan8 A Little Off Center

    Before I begin, I just want to say that I never knew Morton Goodman and everything I am posting here is based on what I have learned during my research.

    I recently acquired two books that were owned by Mort Goodman. The books themselves were bound by Goodman for his personal library. According to the seller, these books were later in Fred Weinberg's personal library as well, as Mr. Weinberg also knew Mort Goodman.

    Both books are signed by the authors to Mort Goodman.

    The first book is Check list and Guide to Mint Errors, Freaks and Die Imperfections of Lincoln Cents revised second edition by Emil Di Bella.

    The second book is The Numismatic Flying Eagle, Indian, and Lincoln Cent Errors by Michael Kolman Jr.

    For those that don't know who Mort Goodman was, he and a gentleman named Roy Gray counterfeited 1969 Double Die Obverse Lincoln cents. Here is the story by Jamie Hernandez from PCGS CoinFacts:
    https://www.pcgs.com/coinfacts/coin/1969-s-1c-ddo-fs-101-028-bn/37994

    The 1969-S Doubled Die Obverse cent was one of the few coins ever to appear on America’s “Most Wanted” list, not because it was such a desirable coin but because it was once considered to be counterfeit. By sheer coincidence, this absolutely real coin became tainted by another counterfeit – the 1969 Doubled Die Obverse cent.
    In 1969, Roy Gray and Morton Goodman began producing fake 1969 Doubled Die Lincoln cents and other counterfeit coins which soon came to the attention of the authorities. When the Secret Service searched Gray's residence in July 1969, they discovered rolled sheets of silver with the approximate thickness of unfinished U.S. coins as well as planchet punches for nickels, dimes, quarters and half dollars. Gray also possessed a collar for dimes, with 120 serrations (as opposed to the 118 serrations on authentic dimes). This collar was damning evidence when fake 1941 Dimes with 120 serrations were charged to Gray in his criminal proceedings.
    Gray had managed to acquire an Agietron electrical discharge machine from Alina Corporation. This electrical discharge machine was capable of producing fake coin dies through the spark erosion process. Alina Corporation employees trained Mort Goodman in the proper use of the machine.
    Once the fake 1969 Doubled Die Obverse cents were produced, Gray contacted a collector by the name of Robert Teitelbaum and asked him to market the illegal coins. One of the first fake cents sold for $100. Later, Teitelbaum sold 2900 of the fake 1969 Doubled Die Obverse cents to Sam Jowdy for $92,000 (slightly more than $30 each).
    Gray asked Teitelbaum to place 85 fake 1969 doubled die cents into circulation in Washington. Instead, Teitelbaum turned over the 85 coins to the Secret Service.
    Agent Miller from the Secret Service, using an electrical discharge machine, was successful in reproducing Gray’s fake 1969 Doubled Die obverse cents. This evidence was used against Gray and Goodman and the Secret Service began to recover as many of the fakes as possible. In the meantime, Cecil Moorhouse and Bill Hudson were credited in July 1970 with discovering the first 1969-S Doubled Die Obverse cents. As the Secret Service searched for fake 1969 Doubled Die Obverse cents, they found several authentic 1969-S Doubled Die Obverse cents. The Secret Service automatically assumed that some of these 1969-S Doubled Die cents were fake and ordered them to be destroyed, making a rare coin even rarer.
    Roy Gray and Morton Goodman were sentenced to multiple years in prison for counterfeiting U.S. coins.
    It is unclear whether or not all the fake 1969 Doubled Die Obverse cents were recovered by the Secret Service.


    Here is a Numismatic News article that also briefly discusses the counterfeit 1969 Double Die Obverse cents:
    https://www.numismaticnews.net/archive/roll-find-may-hit-100000

    I think these books are pretty neat pieces of numismatic history involving the discovery and questioning of authentic 1969 S DDO Lincoln Cents, and I am happy to add them to my own library.

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    Last edited: Oct 21, 2023
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  3. ddddd

    ddddd Member

    Those are cool pieces of history.
    And thanks for sharing the story!
     
    Tall Paul, Evan8 and lardan like this.
  4. lardan

    lardan Supporter! Supporter

    Great read, thanks.
     
    Evan8 likes this.
  5. Mr.Q

    Mr.Q Well-Known Member

    You have a win-win there for sure. Thanks for sharing your part of numismatic history.
     
    Evan8 likes this.
  6. alurid

    alurid Well-Known Member

    Way cool provenance on two numismatically historic books.
    Great story about a rare coin.
     
    Evan8 likes this.
  7. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    Very cool Evan.
    I think this should be a featured article.
     
    Evan8 likes this.
  8. Evan8

    Evan8 A Little Off Center

    I dont think so. Copy and paste from PCGS CoinFacts, so I don't think it can be featured.
     
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