Arms of California 14k Money Clip presented to Caspar Weinberger by President Ronald Reagan

Caspar Weinberger first met Ronald Reagan in 1966 at a San Francisco hotel, just as Reagan was contemplating a run for California governor; this encounter marked a turning point in Weinberger's career, leading to his role as Reagan's state finance director and fostering a close personal and professional bond. Their relationship was described as quite close, with Reagan even purchasing an oil painting by a Northern California artist that Weinberger admired, highlighting their shared cultural interests.

As president, Reagan appointed Weinberger as Secretary of Defense in 1981, a position he held until 1987, where he became a key architect of Reagan's aggressive military buildup during the Cold War, overseeing $2 trillion in defense spending. Their partnership was marked by mutual trust—Reagan typically heeded Weinberger's advice on defense matters, though the president occasionally mediated internal disagreements—solidifying Weinberger's status as a loyal and influential advisor in the administration.

Ronald Reagan is known to have carried a money clip; a 1980 TIME magazine profile described him as carrying little cash, usually only a few bills carefully folded into a money clip in his pocket. While no specific details about the money clip itself (such as material or engravings) are documented, this frugal habit aligned with his preference for simple, practical items like his worn-out cars.

The value of 50.4 grams of 14-carat gold, based on a spot price of $3,779 per troy ounce, is approximately $3,572.57, assuming the full spot price for the pure gold content. Actual value may vary depending on market factors.