Thread title change-was this token/medal illegal to own in 1964?

laurentyvan

ed to properly identify coin as a medal or token

laurentyvan

You will kick yourselves in the pants...

coindeuce

Where is the coin in question?

I see a commemorative gold medal for the N.Y. World's Fair. Not illegal to own in 1964.

johnny9434

I dont understand the question or the coin in general?

dcarr

The medal in question appears to be a souvenir piece, made of gold.
But at the time, it was illegal for US Citizens to own gold bullion or gold coins minted after 1933.

TokenTinker

Well - the medal or token has likely proved to have a higher return on investment than an original bonds issued for the fair - that and the Statue of Liberty depicted here is a poor study displaying an incorrect clasp at the wrong position on her shoulder while she's bearing an inverted book instead of a tablet.

coindeuce

<< <i>The medal in question appears to be a souvenir piece, made of gold.
But at the time, it was illegal for US Citizens to own gold bullion or gold coins minted after 1933. >>



So then in effect, it was also illegal to own gold jewelry during this time frame?

laurentyvan

Sorry, called it a coin in the re-title instead of a token.

Not being familiar with the original, where would a gold copy with errors have come from?
Was there more than one style minted?

commoncents05

<< <i>

<< <i>The medal in question appears to be a souvenir piece, made of gold.
But at the time, it was illegal for US Citizens to own gold bullion or gold coins minted after 1933. >>



So then in effect, it was also illegal to own gold jewelry during this time frame? >>



No, gold jewelry is not bullion.

I have heard that those wanting to buy/sell gold at the time would counterfeit gold coins from Pre-1933 to be able to do so.

-Paul

laurentyvan

I understand that this was probably a copy (with differences) of the original medal presumably minted to avoid
the laws against owning gold in 1964.

I don't see how it could be called jewelry though-obviously a token or medal...

How does that affect value? Is it's value strictly as bullion at this point?

Not to belabor the point, I'm just trying (perhaps clumsily) to establish an appropriate description and value as this example was donated for
the lordM eurotrip and I need to squeeze it for maximum return to reach the trip goal (so I can return to a normal life).

I wonder if those who noted the differences in this piece from the original can provide a link so we can see the original.

SaorAlba

The restrictions on gold ownership were "relaxed" a bit in 1960 or so, and you could own collectible coins like British sovereigns dated up to 1959, but nothing afterwards. One coin that got a lot of attention from US customs was the $20 issued by Canada in 1967 to commemorate the Confederation Centennial that year. The coin sold for not a lot over melt as part of a set - which resulted in more than a few Americans buying them in Canada and bringing them back. To this day you can find lots of the 1967 sets that are sans the gold coin. Curiously I have the gold coins, but not the rest of the sets - having bought them from a fellow board member last year.