Denver Mint 1966 - curious statement
dcarr
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I came across this vintage document in a stamp collection I purchased last year.
It contains a statement that was surprising to me. See the last paragraph.
I suspect that the provision for allowing gold purchases by the public was for licensed jewelers, dentists, etc.
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Comments
I agree that this is very cool and agree that the last paragraph is perplexing.
In honor of the memory of Cpl. Michael E. Thompson
There were exceptions for jewelers, for example, so that scenario is presumably one that is referenced.
The comment about selling to the mint is interesting but I guess totally understandable. Since gold was not available for the general public to buy, I guess sales of gold were also limited to authorized parties. So, gold scrap that jewelers might generate could be sold to the Treasury.
I went on a school field trip to the Denver Mint in the spring of 1965 when I was in third grade. I remember seeing the display of gold bars displayed in an open safe behind plexiglass.
My first ANA Summer Seminar was in 1976, and when we took our class trip to the Denver Mint we saw that pile of gold behind that heavy sheet of plexiglass.
Reposting this little bauble from the thread about the 1944 gold regulations. My birth year collection, which at one point contained a 1950-dated 49.04 ounce gold bar from the U.S. Assay Office in New York. About the size of a pack of cigarettes, though rather heavier.
Roger Burdette provided this update:
That $14,000 purchase back then would be worth at least $2.5 million today.