How many coins were melted down into bars to be placed in fort knox

HalfDime

How many coins were melted down into bars to be placed in fort knox

More than 120 million gold coins were melted down and converted into gold bars, many of which were placed in storage at Fort Knox following the U.S. gold recall and subsequent melting operations from 1933 onward. These coins included a wide range of denominations and issues, primarily U.S. gold coins collected by the Treasury in accordance with Executive Order 6073 and related gold policies.

The melted coins were transformed into "coin gold" bars, typically of .900 fine (or 22 karat), reflecting the original purity of the coins.

The first major deposit of these bars, totaling nearly $99 million worth, arrived at Fort Knox from the Philadelphia Mint on January 13, 1937.

Coin melting operations continued for decades, but the vast majority occurred in the years immediately after the 1933 recall, with the Office of Domestic Gold and Silver Operations overseeing the process until its closure in the 1980s.

There is no official breakdown by coin type or exact count of bars made specifically from coins, but the best available estimates from historical sources put the amount at over 120 million coins.
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There is nothing to say for all the melted gold coins but show some tears.

JWP

More than 1?

jmski52

There's gold in Fort Knox?

GoldFinger1969

I believe RWB's Saint-Gaudens book has the best guestimate for total gold coins melted down, with an emphasis on Double Eagles.

I'll double-check when I get a chance.

derryb

note that they call the confiscation a "recall."

TwoSides2aCoin

So many that we could still coin it for paying off debt, should we ever go back to abiding by the Constitution and repeal some Executive orders or Acts of a corrupt congress , over the past century. But I digress. I work for food, not money.

johnny9434

@derryb said:
note that they call the confiscation a "recall."

I quite dont recall what grandpa told em (can't reapete it it, sorry) ( grandpa had an antique store back then and the feds came in a few times looking for gold, none cause of depression.....)