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Letter from Treasury Dept: 1933 $20 St. Gaudens
FredWeinberg
Posts: 6,045 ✭✭✭✭✭
This letter was rec'd late last week by the Executive Director
of ICTA (Industry Council for Tangible Assets) Eloise Ullman.
I thought it was important, and of interest, to all collectors:
(Attachment is very small, so I'm re-writing it)
(Please click on attachment at the very bottom of this message)
Letterhead: (Treasury Logo) Department of the Treasury
Washington, D.C. 20220
September 6th, 2011
Ms. Eloise A. Ullman
Exectuive Director
Industry Council for Tangible Assets
P.O. Box 1365
Severna Park, MD 21146-8365
Dear Mrs. Ullman:
Thank you for your letter of July 27th, 2011, addressed to the Treasury Secretary Timothy
F. Geithner, United States Mint Acting Director Richard A. Peterson, and me, in which
you requested the Department of the Treasury's position on the ten 1933 Double Eagles
that were recently the subject of litigation in the Federal District Court for the Eastern
District of Pennsylvania. These ten pieces remain the subject of pending litigation
because of the declaratory judgment claim, wghich the United States filed as a part of the
actiion, has yet to be decided by the court.
The Department of the Treasury appreciates the significance of these 1933 Double
Eagles and has no intention of melting them. It has been our consistent position since
these ten 1933 Double Eagles were authenticated as genuine on June 21, 2005, that we
regard them as national numismatic treaures, and they deserve the level of care and
protection that we accord to all of our cherished heritage assets. We are currently
exploring the possible means of making the pieces available for public display. Meanwhile,
the 1933 Double Eagles will remain secure in the United States Bullion Depository at
Fort Knox.
Thank you again for your interest in the preservation of these ten 1933 Double Eagles.
The Nation can be assured that the Department of the Treasury will properly safeguard
these important assets for the benefit of the American people.
Sincerely,
(signiture)
Rosie Rios
Treasurer of the United States
of ICTA (Industry Council for Tangible Assets) Eloise Ullman.
I thought it was important, and of interest, to all collectors:
(Attachment is very small, so I'm re-writing it)
(Please click on attachment at the very bottom of this message)
Letterhead: (Treasury Logo) Department of the Treasury
Washington, D.C. 20220
September 6th, 2011
Ms. Eloise A. Ullman
Exectuive Director
Industry Council for Tangible Assets
P.O. Box 1365
Severna Park, MD 21146-8365
Dear Mrs. Ullman:
Thank you for your letter of July 27th, 2011, addressed to the Treasury Secretary Timothy
F. Geithner, United States Mint Acting Director Richard A. Peterson, and me, in which
you requested the Department of the Treasury's position on the ten 1933 Double Eagles
that were recently the subject of litigation in the Federal District Court for the Eastern
District of Pennsylvania. These ten pieces remain the subject of pending litigation
because of the declaratory judgment claim, wghich the United States filed as a part of the
actiion, has yet to be decided by the court.
The Department of the Treasury appreciates the significance of these 1933 Double
Eagles and has no intention of melting them. It has been our consistent position since
these ten 1933 Double Eagles were authenticated as genuine on June 21, 2005, that we
regard them as national numismatic treaures, and they deserve the level of care and
protection that we accord to all of our cherished heritage assets. We are currently
exploring the possible means of making the pieces available for public display. Meanwhile,
the 1933 Double Eagles will remain secure in the United States Bullion Depository at
Fort Knox.
Thank you again for your interest in the preservation of these ten 1933 Double Eagles.
The Nation can be assured that the Department of the Treasury will properly safeguard
these important assets for the benefit of the American people.
Sincerely,
(signiture)
Rosie Rios
Treasurer of the United States
Retired Collector & Dealer in Major Mint Error Coins & Currency since the 1960's.Co-Author of Whitman's "100 Greatest U.S. Mint Error Coins", and the Error Coin Encyclopedia, Vols., III & IV. Retired Authenticator for Major Mint Errors for PCGS. A 50+ Year PNG Member.A full-time numismatist since 1972, retired in 2022.
0
Comments
That is good news.
so that it can be read by all.
(We had a hard time getting it to the size we
wanted - something about limited to 50KB).
As a member of the Board ICTA, I'm pleased
that not was the letter sent to the Treasury,
but that Eloise (our Executive Director) received
such a good response.
They still keep some patterns they make.
They could have their own museum with all of this stuff.
Not really looking for much these days but if I were, it might be a toner.
Except, of course, they'll all be in .NGC Slabs
The name is LEE!
<< <i>This means that we'll se more of these displays (from the Denver 2006 ANA Show):
It should read...
"THE MAGNIFICENT 10
The Elusive 1933 Saint-Gaudens Double Eagle
The Nation's Most LITIGATED Numismatic Specimens"
<< <i>but that Eloise (our Executive Director) received
such a good response. >>
I've found that the Mint does respond with some pretty decent letters.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
Now how about reassurance that they won't change their minds about the legality of 1913 Liberty nickels.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Just playing devil's advocate here. Don't those have to be melted by the decree from FDR? >>
I believe that collector coins ommitted from that order.
Specifically, Section 2 (b):
The name is LEE!
<< <i>Just playing devil's advocate here. Don't those have to be melted by the decree from FDR? >>
Even if that were true, who is going to enforce it?
You would have to find a prosecutor in DoJ willing to put their neck on the line for something that has already wasted way too much taxpayer $$. Not a good career move.
It's one thing when you believe the public has stolen from the government and you are trying to send a message. That part is over.
The owner of the Fenton piece might litigate to get them melted but that has two problems:
1) they would have to reveal their identity
2) the one "legal" coin may actually be worth more given the additional notoriety from the current case
the Smithsonian's collections does nobody any good. Pay off some debt or melt them.
bob
<< <i>
<< <i>Just playing devil's advocate here. Don't those have to be melted by the decree from FDR? >>
I believe that collector coins ommitted from that order.
Specifically, Section 2 (b):
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
"The Department of the Treasury appreciates the significance of these 1933 Double Eagles and has no intention of melting them. It has been our consistent position since these ten 1933 Double Eagles were authenticated as genuine on June 21, 2005, that we regard them as national numismatic treaures, and they deserve the level of care and protection that we accord to all of our cherished heritage assets.
The US Government considers them "collectibles" in the purest sense.
<< <i>Lee, how can they be collector coins if they were never issued? If they were issues than there wouldn't be a case.
<< <i>
<< <i>Just playing devil's advocate here. Don't those have to be melted by the decree from FDR? >>
I believe that collector coins ommitted from that order.
Specifically, Section 2 (b):
>>
The name is LEE!
Garrow
<< <i>I'm worried about how these coins will be preserved while under the control of the federal government. Those of you who have seen coins in our National Collection may share my concerns. There are scarce and rare coins that have been scrubbed and mishandled to a point they are a real disappointment. Let's hope these "national treasures" remain well-preserved.
Garrow >>
All 10 were graded and slabbed by NGC a couple of years back so you have nothing to worry about.
The name is LEE!
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
Practice makes perfect & nobody is perfect. So, practice being nobody.
<< <i>Honestly, big whoop. Go ahead and melt them. Coins forever out of collectors' hands to just gather dust in the Smithsonian's vaults. Blech. >>
If one were to be sold at public auction, it would just end up in Simpson's vault. What's the difference?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire