Some of the Saint-Gaudens eagles and double eagles we now collect might have come from European hoar

RWB

“If one estimates that $1 million in coin left the country per week from October through December 1931, followed by $5 million per week through the first week of February, 1932, the total export to France, Switzerland, Belgium and other countries would have been $37 million. Considered as ordinary international business, this would have been a small sum; however, as coins intended specifically for hoards it was a considerable amount. When gold coins were later repatriated to the United States it is possible that many of these came from personal hoards, rather than normal trade payments as commonly assumed.”

[From Coiner to Democracy draft v11]