Terranova donates Indian peace medal fantasies, facsimiles, forgeries to ANS

New York dealer long-fascinated with medallic copies
By , Coin World
Published : 05/23/14
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Over more than three decades, Colonial and early U.S. coin and medal specialist Anthony Terranova has accumulated fantasies, facsimiles, and forgeries of Indian peace medals. He’s received these from some who believed they had genuine numismatic items.

Genuine Indian peace medals are official government or commercial pieces presented to Native American tribal leaders as diplomatic gifts and to encourage the opening of trade. 

Terranova recently stopped acquiring such pieces, which he often purchased just to remove them from the marketplace. He has donated 55 of these pieces to the American Numismatic Society.

Differences of intent

Terranova explains that a forgery or fake is a piece that is made to deceive a buyer. He states that a facsimile is an example created to show what a genuine piece would look like and is intended to be used for educational purposes. He defines a fantasy as a totally made-up piece for which an original does not exist.

Terranova said he purchased a number of the pieces knowing they were not genuine. Terranova kept the pieces primarily as a reference file.

Terranova said he made it his business to examine confirmed genuine pieces so that he would be able to differentiate them from questionable pieces. 

Among pieces Terranova donated to the ANS is a group of facsimile Washington oval Indian peace medals made of metals other than the silver used for originals. 

He also identified a group of oval fantasy medals similar in style to the Treaty of Greenville medals. The official medals were presented to tribal leaders who participated in the Treaty of Greenville — the Aug. 3, 1795, agreement signed between tribes in the Ohio Valley and the federal government.

According to Terranova, the small-size Treaty of Greenville fantasy medals were likely produced for sale at some point in time after the signing of the treaty.

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