Thursday, January 22, 2015

Recognize This Founding Father...?

How would you like to bet that no one ever expected ths man's signature to be worth much?

While many names that are on the Declaration of Independence are familiar to us today, I'd be willing to bet many of us have never even heard of this man. I know I hadn't until I found this article over at KnowledgeNuts.

The Most Expensive Autograph You’ve Never Heard Of
By Nolan Moore on Tuesday, January 13, 2015



Chances are pretty good you’ve never heard of Button Gwinnett. While he signed the Declaration of Independence, he never achieved the legendary status of men like Benjamin Franklin. However, despite his obscure spot in history, Button Gwinnett’s autograph is worth more than any other signature with the possible exception of William Shakespeare.

All right, it’s pop quiz time. How many of America’s Founding Fathers can you name? Everybody knows the big dogs like Washington, Franklin, and Jefferson, and who can forget guys like John Adams, James Madison, and Alexander Hamilton? But have you ever heard of Button Gwinnett? If you check out the Declaration of Independence, you’ll see his impressive scrawl all the way to the left. Admittedly, he’s one of the more obscure Founders, but even so, Gwinnett’s signature is more expensive than any autograph by George Washington or Benjamin Franklin.

Gwinnett was born in Gloucestershire in 1735, making him one of only two signatories of the Declaration born in England. In 1765, he sailed to Georgia where he started an import/export business. After that little venture fell apart, he leased St. Catherines Island, tried his hand at farming, and struggled with debt throughout his life. Eventually, he represented Georgia at the Second Continental Congress, signed the Declaration of Independence, and got himself killed in a duel in 1777.

So why is his signature second in value only to Shakespeare’s? Because it’s so incredibly rare. By the 1800s, the Gwinnett family line had totally disappeared, and there was no one around to care for Gwinnett’s possessions. Button also had the misfortune to live in Savannah, Georgia, a city that was ransacked in both the Revolutionary and Civil Wars. Plus, Button died at 42, cutting his letter-writing career kind of short. Add all those factors together, and it’s a perfect recipe for missing historical documents.

In total, there are only 51 Button Gwinnett signatures known to man, most of which are IOUs. Forty-one of these autographs are in libraries and museums, and that’s a problem for autograph collectors, especially people interested in gathering the signatures of all 56 signatories of the Declaration of Independence. Since there are only 10 autographs in the world you could possibly buy, the demand is incredibly high. The most recent Button Gwinnett signature was sold in New York for a staggering $722,500.

To put things into perspective, let’s look at a few other famous autographs. A Dallas newspaper signed by John F. Kennedy on the day of his assassination was valued at $39,000. A photo signed by all four Beatles was priced at $43,758. A contract signed by Jimi Hendrix is worth $200,000, and a baseball signed by the legendary Babe Ruth was valued at $388,375.

Granted, a George Washington autograph once sold for $9.8 million, but that’s because it was attached to a leather-bound book containing Washington’s personal copy of the Constitution and Bill of Rights, complete with annotations. The average Washington autograph, on the other hand, is chicken feed next to a Button Gwinnett IOU. While his accomplishments were dwarfed by many of his contemporaries, the name of Button Gwinnett has become more special, more unique, and more valuable than any other Founding Father, simply because he didn’t write as many letters.

Don't you just love the surprises we get when we study history? Who would have ever guessed a signature of a man most of us have never heard of would be so expensive? Certainly not I!

Coffee out on the patio again today. Temps back in the 70s once more!

12 comments:

Gorges Smythe said...

People put importance on strange things.

HermitJim said...

Hey Gorges...
That they do, my friend. That they do!

Thanks for the visit today!

Chickenmom said...

Made me look up stuff again Mr. Hermit! If anyone is interest in more info:
http://www.ushistory.org/declaration/signers/index.htm
You keep me busy!

Mamahen said...

Once again a piece of history, I didn't know, that,I didn't know :))

linda m said...

I never heard of the guy, so this is knew to me. Can't say that I would pay anything for any persons autograph. Supposed to get up to 30 degrees today. Heat wave!!!

Momlady said...

He is why there is a Gwinnett County in Georgia.

JO said...

I don't know if anyone caught the dates of his birth and the date he sailed to America but something just does't jive here. Of course it is still interesting

Temps down by 10 degrees here today. Coffee sounds good on your patio

HermitJim said...

Hey Phyllis...
You know that you love the hunt! Just trying to keep you busy!

Thanks for stopping by today!



Hey Mamahen...
Glad to help you learn some new trivia stuff.

Thanks for coming over today!



Hey Linda M...
Not many of us actually ever heard of the guy.

Man, you sure you can handle that hot weather?

Thanks for stopping by today!



Hey Momlady...
At least he got a county named after him. That's something.

Thanks for the visit today!



Hey Jo...
I went online and found out his correct birth year and I changed it. Thanks for pointing it out.

Guess I should proof-read a little better!

Thanks, sweetie, for dropping by today!

Dizzy-Dick said...

My signature is only worth the amount that the check I signed was made out for. . .

Judy said...

Wasn't Georgia a penal colony with most of them being debtors? And isn't that where Australia came in at after we declared independence?

Rob said...

Collecting those signatures is a spendy hobby!

Sixbears said...

Never heard of him, but it's a good story.

Enjoying some warm days.