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Topic: 1933 Double Eagle


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In the News (Fri 25 May 12)

  
  1933 Double Eagle - Wikipedia, the free encyclopedia
The 1933 gold Double Eagles were struck after this executive order, but because they were no longer legal tender, most of the 1933 gold coins were melted down in late 1934 and some were destroyed in tests.
One of the missing Double Eagles was acquired by King Farouk of Egypt, who was known for being a playboy and a spendthrift.
A Double Eagle surfaced again after over forty years of obscurity, when Stephen Fenton was arrested by US Secret Service agents during a sting operation at the Waldorf-Astoria Hotel in New York, and the British coin dealer was questioned.
en.wikipedia.org /wiki/1933_Double_Eagle   (1852 words)

  
 Gold Coins: 1933 Double Eagle
The U.S. Mint seized 10 1933 Double Eagle gold coins, the 1933 Double eagle coins are some of the rarest and most valuable gold coins in the world, when Joan Langbord a Jeweller sort their authenticity from the U.S. Mint.
That Double Eagle, which is believed to have been part of a collection belonging to King Farouk of Egypt, surfaced when a coin dealer tried selling it to undercover Secret Service agents.
Double Eagle gold coins were first minted in 1850 with a face value of $20.
www.goldprice.org /goldcoins/2005/08/1933-double-eagle.html   (234 words)

  
 THE FAMED 1933 DOUBLE EAGLE
These were struck until 1933 when production of the Double Eagle was discontinued along with all other United States gold coins as a result of Executive Order 6260 issued by President Franklin Roosevelt which, in an effort to aid the struggling American economy, prohibited banks from paying out gold.
In early 1944, prior to the government’s discovery of the missing 1933 Double Eagles, the Royal Legation of Egypt presented a 1933 Twenty Dollar Double Eagle to the Treasury Department, seeking a license to export the coin to Egypt for King Farouk’s collection.
Not yet recognizing the significance of an unissued 1933 coin, the Department of the Treasury inadvertently issued the export license and the King Farouk specimen was exported out of the United States.
www.ecoinprices.com /1933-double-eagle.htm   (1200 words)

  
 Writer's Corner - Gold and Greed
The piece, which is the only 1933 double eagle to be declared “legal to own” by the United States government, was auctioned by the firms of Sotheby’s and Stack’s before a standing-room-only crowd of eager buyers and observers.
This example of the 1933 double eagle, which has long been the subject of legend, was exported from the United States in 1944, via an official U. Treasury export license, for inclusion in the collection of His Majesty, King Farouk the First of Egypt.
The official government position was that the 1933 double eagles had never been officially issued and thus any extant pieces had to have been removed illegally from the mint.
www.goldrushgallery.com /news/faroukcoin.html   (858 words)

  
 Law.com: The Coin Chase   (Site not responding. Last check: 2007-10-13)
After Farouk bought the 1933 Double Eagle from Fort Worth dealer B. Max Mehl, the Royal Egyptian Legation took the coin to the U.S. Department of the Treasury, seeking permission to export it to Egypt under an exception to the Roosevelt-era gold embargo that permitted the export of rare coins.
The jeweler, de Clermont said, knew that the 1933 Double Eagle was extremely rare; he had looked it up in a book that listed the value of American coins and had seen the entry describing the coin as uncirculated.
If Fenton's coin was the 1933 Double Eagle from the Farouk collection, Berke argued, the government had forfeited its claim to the coin in 1944, when the Treasury Department had given the coin and an export license to the Egyptian Legation.
www.law.com /jsp/law/LawArticleFriendly.jsp?id=1046288235244   (5241 words)

  
 Valuable gold coin on public display at Fed - Wired New York Forum
For the double eagle's return from the underworld, The New York Times was granted rare permission to enter the vault on a recent morning as the coin was transferred, after agreeing not to describe the bank's security arrangements or print the names of its subterranean guardians.
This, then, was the retinue monitoring the transport of the double eagle, a 34-millimeter-wide, 0.96-ounce stamped disk that is 90 percent gold and 10 percent copper.
There may be other 1933 double eagles that have never come to light, said David Tripp, a rare-coin consultant who wrote the original Sotheby's exhibition catalogue as well as the definitive history of the coin, "Illegal Tender: Gold, Greed and the Mystery of the Lost 1933 Double Eagle" (Free Press, 2004).
www.wirednewyork.com /forum/showthread.php?t=5605   (1177 words)

  
 Double Eagle
This coin inaugurated the series of gold 20 dollars, nicknamed "double eagles", which were issued from 1850 to 1907.
The term "double eagle" is derived from the fact that the $10 coin is called an "eagle".
These two 20 dollar gold coins were set aside from the rest of the 455,500 double eagles struck in the spring of 1933 but never released for circulation.
americanhistory.si.edu /collections/numismatics/doubleea/doubleea.htm   (563 words)

  
 USATODAY.com - U.S. Mint confiscates 10 rare gold coins   (Site not responding. Last check: 2007-10-13)
The U.S. Mint seized 10 Double Eagle gold coins from 1933, among the rarest and most valuable coins in the world, that were turned in by a jeweler seeking to determine their authenticity.
Double Eagles were first minted in 1850 with a face value of $20.
Switt admitted in 1944 that he had sold nine Double Eagle coins, but he was not charged in connection with those transactions, according to the Mint.
www.usatoday.com /news/nation/2005-08-25-double-eagles_x.htm?csp=34   (629 words)

  
 Did William Woodin have 1933 $20s? - 10/14/02
The Treasury Department had long maintained that any 1933 double eagles aside from the two in the Smithsonian Institution had never left the Mint legally and were subject to confiscation.
The first 1933 double eagles were delivered from the Mint on March 15, he noted.
The government has argued that of the 445,500 gold eagles reported struck in 1933 and the property of the Treasury, none were "monetized" by being delivered to the Federal Reserve System for distribution to local banks.
www.coinworld.com /news/101402/news-1.asp   (1216 words)

  
 Featured item - Most expensive coin in the world
The Double Eagle was discontinued in 1933 by executive order, when President Franklin Roosevelt took the country off the gold standard in an attempt to right the course of the U.S. economy during the Great Depression.
In 1937, the U.S. Mint's stockpile of 1933 Double Eagle coins was destroyed (with the exception of two earmarked for historic preservation, which currently reside at the Smithsonian Institution), but several coins were stolen and circulated.
The U.S. government recognized that the 1933 Double Eagle was in that collection, and they officially asked the Egyptian government to pull it from the sale and return it as stolen property of the United States.
www.fleur-de-coin.com /e-library/mostexpensivecoin.asp?sec=2   (796 words)

  
 CNN.com - Auction brings $7.6 million for 'Double Eagle' - July 30, 2002
The Double Eagle -- an ounce of nearly pure gold -- went up for auction Tuesday night at Sothebys, selling for $6.6 million, plus its $20 face value and a 15 percent fee to the auction house -- a total of $7.6 million.
The tale of the Double Eagle coin begins in 1933, in the depths of the Great Depression, during the first year of Franklin D. Roosevelt's presidency.
"The U.S. government recognized that the 1933 Double Eagle was in that collection, and they officially asked the Egyptian government to pull it from the sale and return it as stolen property of the United States," Redden said.
archives.cnn.com /2002/US/07/30/double.eagle   (772 words)

  
 bookofjoe: 1933 Double Eagle: The most valuable U.S. coin is now back in public view
The double eagle was removed from public display last August on the occasion of a sudden "Orange Alert" from the Department of Homeland Security.
When the U.S. came off the gold standard in 1933, all 455,500 double eagles minted that year were ordered melted down, save for two reserved for the Smithsonian Institution.
It's the only 1933 double eagle which may be legally owned, though there may be others that have never come to light.
www.bookofjoe.com /2005/03/1933_double_eag.html   (429 words)

  
 1933 double eagle? You can found more info here.
The takeover of 1933 double eagle Austria in 1938.
Genf eine 1933 double eagle Friedenspolitik in Europa sichern.
The backstage "putting on a show" story 1933 double eagle was not integrated into the action, and the songs could have been cut out completely without harming the continuity, although the film would have been a lot poorer for it.
allowwavy.275mb.com /labette/starck.html   (1345 words)

  
 Rare Double Eagle has landed for sale, spreading numismatic fever - theage.com.au
The Double Eagle was not always rare: the US Mint made 445,500 of them in 1933, but they were never circulated because, in the same year, the US President, Franklin Roosevelt, took the US off the gold standard, and all gold coins had to be returned to the mint.
The 1933 Double Eagles were kept in the mint's basement until 1934 when the director had them melted into gold bars.
Federal agents saw the Double Eagle in the catalogue and swooped but the sale was cancelled and the coin vanished.
www.theage.com.au /articles/2002/07/29/1027926853469.html   (567 words)

  
 1933 Saint Gaudens Double Eagle
A handful of 1933 Double Eagles exists today, but the Mint asserts that ownership is illegal because they were removed without authorization from the Mint.
However, in 2001, the U.S. government reached an agreement with the owners of the "Farouk-Fenton" specimen of the 1933 Double Eagle which allows the coin to be sold, thus making it the only example outside of government hands that is legal to own.
No 1933 Double Eagle has been encapsulated by PCGS, however the graders and some principals of PCGS examined the Farouk-Fenton example prior to the sale and declared it to be an MS-65.
www.coinfacts.com /double_eagles/saint_gaudens_double_eagles/1933_double_eagle.htm   (263 words)

  
 Lawmaker seeks to keep Mint from seizing rare coins (7/24/06)
More than 400,000 gold Double Eagle coins were struck by the Mint in 1933, but almost all were destroyed when President Roosevelt took the country off the gold standard, which in effect outlawed the possession of gold coins.
In 2002, a 1933 Double Eagle gold coin was auctioned off for $7.6 million, ending a protracted legal battle between the Mint and a coin dealer over ownership of the coin.
In 2005, the Mint seized 10 Double Eagle coins from the family of a Philadelphia jeweler.
www.govexec.com /dailyfed/0706/072406cdpm1.htm   (501 words)

  
 1933 Gold Eagles confiscated by US Mint - Coin Collecting - The Hobby of Kings
The first five paragraphs are from an article in the New York Times about the recent discovery of 10 privately held 1933 Gold Double Eagles.
A 1933 double eagle that surfaced in 1996 is on exhibition at the Federal Reserve Bank of New York, at 33 Liberty Street in Manhattan.
If the Government is successful in its arguments against private ownership of 1933 Double Eagles, it would place a cloud over all non-legal tender coins because it would permit future seizures without warning or further justification.
coincollector.org /archives/002784.html   (786 words)

  
 1933 Double Eagle
Well, there's an end of 1933 double eagle, they could see plainly, unacceptable to the county jail at night in the way he had never heard of 1933 double eagle.
Frank was caught in a carriage outside the conventional residences of 1933 double eagle broker were accounted for in the right parties for ninety cents on the dirty prison bed to try it.
breathing through the windows were open, and she had certainly--also a 1933 double eagle force, emolument, dignity, subtlety, chicanery, jugglery, or rather belief, beholden to Mollenhauer and some of the big library table from her cheeks and temples.
www.dqoj.com /52/1933-double-eagle.html   (763 words)

  
 Al-Ahram Weekly | Heritage | Farouk's coin lost to Egypt   (Site not responding. Last check: 2007-10-13)
After it was struck in 1933 at the time of President Roosevelt, the coin was never circulated and an order was given for all the coins to be destroyed.
The Double Eagle, one of 445,500 $20 coins minted in 1933, weighs 33.44 grams and has a gold quality of 21.6 carats.
In fact the coin only bears one eagle, but because the $10 bill bears an eagle the $20 coin came to be known as the "double eagle".
weekly.ahram.org.eg /2002/598/hr2.htm   (1189 words)

  
 [No title]
The 1933 Double Eagles, nearly a half a million, were struck after President Franklin Roosevelt started to wean America off the Gold Standard, and after he had ordered the recall of all gold coins.
In 1944 he bought a 1933 Double Eagle, and in strict adherence with the law, applied to the Treasury Department for an export license.
The 1933 Double Eagle has, since the year of its creation, been the stuff of legend.
www.usmint.gov /auction/index.cfm?action=theStory   (531 words)

  
 Featured Article - Jefferson Coin and Bullion, Inc. - The Leader in Wealth Enhancement Through Precious Metals and Rare ...
For more than half a century, the 1933 double eagle – the last in the line of $20 gold pieces designed by renowned artist Augustus Saint-Gaudens – has been recognized as a great rarity.
No one disputes that the 1933 “Saint” was produced by the United States Mint –; produced, in fact, in quantities approaching half a million.
At the time the order was issued, the Philadelphia Mint had struck, but not released, 445,500 double eagles dated 1933, and all but a handful of these were melted and converted to bullion form.
www.jeffersoncoinandbullion.com /article24.shtml   (529 words)

  
 Address before the Pan American Union, April 12, 1933
Washington, D. April 12, 1933 I rejoice in this opportunity to participate in the celebration of "Pan American Day" and to extend on behalf of the people of the United States a fraternal greeting to our sister American Republics.
In closing, may I refer to the ceremony which is to take place a little later in the morning at which the Government of Venezuela will present to the Pan American Union the bust of a great American leader and patriot, Francisco de Miranda.
The address of April 12, 1933 was the first occasion upon which the peoples of Latin America were addressed directly and this policy further developed.
www.ibiblio.org /pha/7-2-188/188-01.html   (813 words)

  
 Amazon.com: Double Eagle: The Epic Story of the World's Most Valuable Coin: Books: Alison Frankel   (Site not responding. Last check: 2007-10-13)
Produced at the Philadelphia Mint in 1933, the $20 Double Eagle was the last gold coin made in the United States and never officially placed in circulation.
Double Eagle is so much more than the saga of a gold coin.
Her attention to detail was the best part of the reading experience for me. Double Eagle (the book) holds up as well at Double Eagle (the coin) as a treasure for the ages.
www.amazon.com /Double-Eagle-Story-Worlds-Valuable/dp/0393059499   (1705 words)

  
 World's rarest coin up for sale - smh.com.au
The Double Eagle was not always rare: the United States Mint made 445,500 of them in 1933, but they were never circulated because the US President, Franklin Roosevelt, took the US off the gold standard, and all gold coins had to be returned.
The 1933 Double Eagles were kept in heavy canvas bags in the mint's basement until 1934 when the director had them melted into gold bars.
Federal agents saw the Double Eagle in the catalogue and swooped, but the sale was simply cancelled and the coin again disappeared.
www.smh.com.au /articles/2002/07/29/1027926859533.html   (451 words)

  
 Amazon.com: Illegal Tender: Gold, Greed, and the Mystery of the Lost 1933 Double Eagle: Books: David Tripp   (Site not responding. Last check: 2007-10-13)
Legally speaking, the author should not have found any story about the "double eagle," as the coin is called in the jargon of numismatics, for the 1933 minting never entered circulation and was melted down in adherence to New Deal strictures prohibiting private hoards of gold.
But somebody at the Philadelphia Mint absconded with a handful of 1933 double eagles, one of which surfaced 70 years later at an auction for which the author served as a consultant.
Double Eagles — Doug Winter Numismatics has a free online newsletter that specializes in rare and choice gold coins, full consulting services, appraisals, and expert advice for the avid collector.
www.amazon.com /Illegal-Tender-Greed-Mystery-Double/dp/0743245741   (2656 words)

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