What happened to all the 1927-D double eagles??
Ed62
Posts: 857 ✭✭
I think maybe 180 K struck and 9 or 10 known today?? Where are the rest?
The roaring twenties were still going strong and gold was flowing into the country.
The roaring twenties were still going strong and gold was flowing into the country.
Ed
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<< <i>I think maybe 2 mm struck and 9 or 10 known today?? Where are the rest?
The roaring twenties were still going strong and gold was flowing into the country. >>
There were 180,000 minted and most of them were melted as part of the gold recall.
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
We'll use our hands and hearts and if we must we'll use our heads.
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
Best Regards,
George
<< <i>It appears, given the high grade of the surviving population, that none ever made the trip overseas to Europe or elsewhere and back in bags. I think most of the small mintage never got out of Treasury hands unless, as stated, collectors specifically asked for an example in 1932.
Best Regards,
George >>
I think you meant 1927. I can't imagine a date collector waiting 5 years.
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
There is one other scenario. I have read that there were government employees who got lists from coin dealers about better date gold coins. If they saw a better date coin on the piles they would substitute another piece and supply it to those outside sources. I doubt that many, if any, 1927-D double eagles were saved in this way, but it is a remote possibility.
The gold surrender order was absolute. Citizens were allowed to keep up to $100 face value in gold coins, or coins that were recognized as historic and valuable could be legally held. This was the incentive that got Lewis Eliasberg into coin collecting.
<< <i>The gold surrender order was absolute. Citizens were allowed to keep up to $100 face value in gold coins, or coins that were recognized as historic and valuable could be legally held. This was the incentive that got Lewis Eliasberg into coin collecting. >>
Interesting. Learned something new today.
Too many positive BST transactions with too many members to list.
told the story for years (I heard it first in
1973) that you could buy 1927-D $20
St. Gaudens at the Denver Mint for $20.50.
(same story as the '33's, but Brown's
telling was at least 30-40 years before a '33
surfaced, and it became a possible method
of how they came out of the Mint too)
That was supposedly the source of a few
of them.
As far as I know, none were ever found
in Europe.
coins. Why pay the extra 50c?
As we've learned over and over again, mintages can be deceiving....even if accurate.
``https://ebay.us/m/KxolR5
<< <i>Scrooge McDuck has the remainder of the mintage in mint sealed bags. They are at the 35 foot level in his money bin. >>
lmao, what ever works
And that was wh en I had no money.
waaahhh
<< <i>Lewis Eliasberg >>
You meant Louis Eliasberg?
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>The vast majority were ran through rollers and melted in 1937. If any more survived, it will be due to the Treasury offering them at face value before the gold recall. There could be a few more here and there... >>
Why were they run through rollers? They had $20 worth of gold in them and rolling them wouldn't diminish their value.
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
There were several successive versions of the gold surrender orders. The $100 face value exemption was an earlier one and not the final one.
FredWeinberg: << Dan Brown, a famous Denver coin dealer, told the story for years .. that you could buy 1927-D $20 St. Gaudens at the Denver Mint for $20.50.>>
Yes, this my understanding as well, $20.50 at most. I recollect that QDB provides documentation of this fact in at least one of his books and articles. I believe that the extra fifty cents relates to mail orders. Someone who visited the Denver Mint could probably have acquired one for just face value, until some point in the 1930s, and it is likely that a few people did.
I estimate that twelve or thirteen exist, probably just twelve. Also, I covered the sales of two of them so far in 2014.
The Rarest 20th Century, Regular U.S. Coins: 1927-D Saint Gaudens Double Eagles ($20 gold pieces)