Franklin was born into a working-class family in Philadelphia. His father was a machinist, and his mother was a housewife. Franklin showed an early interest in art and mechanics, and he attended the Philadelphia College of Art. After graduating from college, Franklin worked as a commercial artist and a designer. In 1954, he founded his own company, the Franklin Mint, which produced high-quality replicas of coins and medals.
The Franklin Mint grew rapidly in popularity, and Franklin soon began producing a wide variety of other collectibles, including stamps, dolls, and jewelry. In 1972, the company opened its own mint in West Chester, Pennsylvania. The Franklin Mint also operated several museums, including the Franklin Institute Science Museum in Philadelphia.
Franklin was a tireless promoter of numismatics, and he helped to popularize the hobby around the world. He was also a generous philanthropist, and he donated millions of dollars to various charitable organizations. Franklin was inducted into the Numismatic Hall of Fame in 1993.
Franklin was a complex and controversial figure. He was a brilliant businessman with a keen eye for marketing, but he was also accused of being ruthless and autocratic. However, there is no doubt that he was a major force in the world of numismatics, and his legacy will continue to be felt for many years to come.
Here are some additional details about Patrick Franklin:
* He was a self-made millionaire who started his business with just $500.
* He was a pioneer in the use of television advertising to market collectibles.
* He was a prolific inventor who held over 100 patents.
* He was a patron of the arts, and he donated millions of dollars to museums and other cultural organizations.
* He was a recipient of numerous awards, including the Presidential Medal of Freedom, the highest civilian honor in the United States.
Patrick Franklin was a truly remarkable man who left a lasting mark on the world. He will be remembered as one of the most successful entrepreneurs and philanthropists of the 20th century.