Author Topic: 1933 US $20 Double Eagle Gold coins  (Read 3645 times)

Dread_Pirate_Mel

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1933 US $20 Double Eagle Gold coins
« on: August 29, 2011, 01:33:05 PM »
Worth a cool $7.6 million.  Only 13 exist, according to this story, and only one in private hands:

http://www.msnbc.msn.com/id/44288821/ns/business-us_business/

Lesson: Don't hand over stolen coins to the US Government for "authentication."

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Re: 1933 US $20 Double Eagle Gold coins
« Reply #1 on: August 29, 2011, 02:45:09 PM »
Mel.. this is an old story.. well known in the coin hobby

for the uninitiated, the coins were never legal tender because they were not legally released by the Federal Mint. Most likely, a managerial employee pocketed a few and was able to get them out of the building before the entire stash was melted down. Possession of them is illegal and the old coin dealer knew that which is why he never announced his ownership of them while he was alive.

There is an old law: stolen property cannot be sold because you cannot authoritatively transfer ownership in something that doesn't belong to you.

ergo, the Government is the proper owner of the gold, and he who has the gold makes the rules.

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Juli

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Re: 1933 US $20 Double Eagle Gold coins
« Reply #2 on: August 29, 2011, 02:54:44 PM »
That's very interesting. I am a coin collector and love reading stories like this. I knew about the one 1933 coin that was auctioned but I didn't realize there were others and what had happened. Thanks for posting this story.

~ Juli

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Re: 1933 US $20 Double Eagle Gold coins
« Reply #3 on: August 29, 2011, 03:28:45 PM »
I collected coins when I was young Juli and I still have some. However, I always thought it was a boring hobby and the coins supplied more fun when they were dropped into a video or pinball machine

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