Dr. James E. Talmage had had some conversation with the Presidency about making an effort to regain possession of the dies from which our Deseret gold coins are struck, he having learned some time ago that they were not in possession of Alfales Young, a son of President Brigham Young. It appears that these dies were among the personal belongings of President Brigham Young which were sold at auction to his heirs, no one else having been allowed to bid on his personal property, and Alfales bought them with some other things at a very low figure.
Dr. Talmage now represented to the Presidency in the presence of Brothers Francis M. Lyman, John Henry Smith, Heber J. Grant and George F. Richards that he had waited on Alfales Young with the following result: Alfales claims that he could legally hold these dies, he having come rightfully by them, but offered to let the museum have them for five hundred dollars. Bro[ther]. Talmage now produced the dies, which he had procured from Alfales Young on certain binding conditions. They consisted of seven sets which covered all the coins issued. It was decided to regain possession of them for the Museum by paying Alfales Young his price, namely, five hundred dollars, although it is understood by the Presidency that he could be compelled to part with them as they were not personal property of President Brigham Young, but really belonged to the Church.
[First Presidency and Quorum of the Twelve minutes]