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J Edgar Hoover — Part 16
Page 35
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RY NER ESR STE RANE CBM BBR A
Executives Conference Memorandum
Re: Commemorative Medal Honoring the Director
price one cost of the platinum medal. A 4" diameter gold medal would cost
$1875 and a 2 1/2" diameter gold medal would cost $390. He advised they are
prohibited from producing any gold medals for resale. He quoted the following
prices on 1000 silver medals but pointed out this would be as of 9-22-69 only,
as the price of silver fluctuates -- 2 1/2" diameter, $18.20 each; 3" diameter,
$31.40 each; and 4" diameter, $50.00 each. To purchase 1000 medals in bronze
the prices for the 2 1/2", 3" and 4" diameter would be $2.50, $3.50 and $5.50 each.
If 10,000 were obtained the prices would drop to $1.90, $2.50, and $4.25 each.
Each medal comes in a separate box. For an additional 50¢ each they are supplied
in a larger box containing a small metal stand.
To purchase 1000 medals in lated bronze, the prices for the 2 1/2",
Is; and 4” diameter would be $4.50/ 0.00 each. No quote was available on
10,000 lots.
It was pointed out to the conference that it would be possible to obtain a 4"
gold medal for presentation to the Director, however that would be the only one
obtainable under the prohibitions against producing gold medals for resale. It
was felt that there would be a heavy demand for these medals in the bronze or
gold-plated bronze and apparently the Society of Former Special Agents would
be interested in considering undertaking having this medal produced at their behest.
The majority of the conference with the exceptions of Messrs. Tolson and
DeLoach recommended that SAC Johnson be authorized to approach his contacts in the
Society of Former Special Agents to ascertain their interest in undertaking this
project should the Director approve.
Mr. Tolson did not feel any further action should be taken concem ing this
project at the present time.
Mr. DeLoach pointed out that he was absolutely in favor of commemorating
the Director's name in any way possible; that, however some projects by the very
nature of their makeup and physical attractiveness might not be financially successful
and therefore be embarrassing to the Director. He felt that a medallion produced
| and sold by the Ex-Agents Society could be a case in point.
The Society some years ago presented the Director with a large, attractive
bust. Smaller busts were sold through the Society with profits going to the sculptor
from $32.50 to $40.00. While a respectable number of busts have been sold
outside and inside the Bureau, the number has fallen short of anticipated profits
by the sculptor. This was no ‘detraction from the Director's prestige, but simply
a lack of desire for any type bust of anyone. \.
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