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From Coin World: Here's the location of that “other” 1933 double eagle
William
Posts: 43 ✭✭✭
We just published news about the location of that “other” 1933 double eagle. https://coinworld.com/news/us-coins/2018/05/extant-1933-double-eagle-already-in-Mint-custody.html
William T. Gibbs, Managing Editor, Coin World
3
Comments
Awful decision. Considering the Feds didn't seize Langbords until they sent them to them I think it would have been safe to hold onto it unless they knew you had it and came asking for it.
Interesting article. Thanks for the link. I still find it amazing that such an uproar and incredible expenditure of taxpayer dollars occur over a date on an otherwise insignificant ounce of gold. I believe it is more the 'collective ego' of a bureaucratic organization than any true legal issue. Cheers, RickO
Our government is concerned about these coins, yet does very little to stop the Chinese counterfeits.
Which one hurts the American people more?
Will be curious to see if this matches the mystery piece illustrated in one of the books about the Fenton coin.
I was unaware a coin's "heft" could be "measured."
"I'll pass. I'm looking for a heftier piece."
Capt. H -
Page 308 of "Illegal Tender"
That B&W photo could be used
to compare the coin to the 'new'
one in their possession.
for PCGS. A 49+-Year PNG Member...A full numismatist since 1972, retired in 2022
Having worked in coin shops for 25 years, we do sometimes test the "heft" of a mystery coin on the palm of your hand just to see if it is gold, but that test would not be relevant in the case of this coin.
"The unnamed buyer paid an additional $20 to allow the piece to become the only example monetized and legal to own."
Smart. Very smart.
A coin is a coin. A coin becomes money when it's MONETIZED.
The non-release and monetization has been the Government's contention from the very beginning.
Just saying, you know. It doesn't hurt to stress by repeating what we already know.
Pete
Sounds like the former owner netted nothing out of this. If it were mine and I was willing to throw it away, I would have tossed it in a Salvation Army kettle at Christmas.
I would have moved it to Canada or offshore.
Here's my dad hitting a golf ball towards it... lol. At least we got a free round of golf after turning it in
Looks like a slice to me
Pete
government propaganda retold. get the other side from the langbords.
None of the assertions are corroborated in publicly-presented documents at trial. Unless something new has been uncovered, the comments are merely guesses....no better than those of anyone.
A government in deep debt melts coins worth 7.5 million dollars. Did I read that right?
Even in the 40's and 50's they were valuable and melted?
for that matter, where is the proof that switt got them all out? perhaps more than 1 dealer traded legal tender for the 1933 coins minted for commerce.
None whatsoever.
The legal reasoning for these is the opposite of what is often used elsewhere. For example, my understanding is that the 2000P Sac/quarter mules were initially suspect and a candidate for seizure, until some were found legitimately released. Since some made it out through normal channels, there was no way to prove that some (or which ones) might have been smuggled out.
But, for the 1933 $20, the presumption was that none were legal since some may have been swapped out illicitly even though the theoretical possibility existed that some were bought/traded legally during the brief window where that was an option.
That's my understanding, anyway.
Interesting that the reports say department of justice had to clear the announcement, wonder why they were involved and under what terms the coin was turned over...
Any conditions ... Interesting question.
Interesting information !!!
Treasury Department, not Department of Justice.
In fact, article states that the Justice Department limited the disclosure of information about how this coin was turned in and that Treasury officials had to be consulted before the story was authorized for release.
JBK - your comments on the Sac/Mule are correct
for PCGS. A 49+-Year PNG Member...A full numismatist since 1972, retired in 2022
To clarify, Justice Department officials restricted what Mint officials could tell Coin World. Mint officials consulted with their bosses at Treasury, to alert them that Coin World had the story and to get Treasury approval on when the Mint could release the information.
William T. Gibbs, Managing Editor, Coin World
Any information on the conditions (if any) under which the coin was turned over?