The issuance of the export license and the subsequent departure of the coin from United States territory did not end the federal governments inquiry into the coin, however. The first ten dollar gold coins were issued by the United States in 1795 and were known as the Liberty Cap ten dollar coins. Boyd was one of Macallisters better customers and drove a harder bargain than Berenstein did. Not Sell or Share My Personal Information, A massive replica of the coin that sold for a record $7,590,000, Considered by many to be the most beautiful coin ever created by the U.S. Mint, Expands Augustus Saint-Gaudens' unforgettable design to twice the original size. Boyd also showed the coin off at the 1939 ANA Convention, which was held in his hometown of New York City. Thinking back to my early days at Stacks when I was being taught and developed an understanding about our Rare Coin Business, I got to know, serve and work with most of the famous of the past, which includes but not limited to B.Max Mehl, Abe Kosoff, Col. Flanagan, The N.Y. Times writer for the weekly N.Y. Times Coin page, Ernest A. Kehr (whose article brought about the full investigation of the 1933); Col E.H.R. Commissions with even better terms. Liberty Head 20 Gold Coin 1850-1907. Face Value $20 USD Mintage 445,500 Now one of the rarest coins of all time, the 1933 Saint-Gaudens double eagle is also one of the most valuable. A court ruled otherwise.). So the MINT lawyers prevailed with their theories. Fenton and Parrino, through their legal counsel, set out to prove the coin was the one that the Treasury granted an export license to on behalf of King Farouk. In 1930, a wealthy American could buy an electric washing machine for about $75, though the purchase of one would have probably been facilitated by paper money backed by either silver or gold coin. Williams told Secret Service Special Agent Ralph W. Robuck in an April 6, 1944 interview, that he had paid Mehl $1,000 for his coin. When agents interviewed Clarke, the 60-year-old collector shared his receipt. Gold Bars and Silver Bars. New York publisher F.C.C. On February 27, 1944, satisfied with the results of their investigation, the Treasury Department issued Export License TGL-11-170, authorized by Treasury Secretary Henry C. Morgenthau, Jr. Weinman said Kosoff made the claim in his presentation, but the records indicate that it was actually Macallister. Boyd bought his 1933 double eagle from James Macallister. The remainder of the mintage (444,500 pieces) were placed in the Cashiers Working Vault downstairs for storage. This turned out not to be the case, although Williams did buy one. Look forward to interesting news and special offers, and use our personal discounts to discover new collection topics and fine rarities. Often used in jewelry and industrial products, platinum is a rare precious metal that is always in high demand. To maximize our 1933 double eagle copy's value, we've limited the minting to only 9,999 complete collections worldwide be sure to order yours while they're still available! The Secret Service was given this morsel of information by Ira Reed, with later corroboration coming from its mention on a list of coins from a collection that Bell planned to sell to B. Max Mehl in 1943. The coins high $20 denomination precluded its daily use by most Americans. In 1933, the Gold Confiscation Act called for that entire year's $20 gold coin mintage to be melted down. Great Article: In my view if the FED Reserve had their way ALL US Coins with Gold/Silver (Libertys, St Gaudens, Flowing Hair, Morgans, Peace Dollars) would be immediately confiscated from all Americans and melted down. As you reported and wrote Swift was a known jeweler and numismatist in the Philadelphia Area who always helped dealers out, I guess because of his connections to some cashier at the Philadelphia Mint. The United States Dollar remains a strong currency today and is one of the primary currencies used in most international transactions. You will be billed only for the items you decide to keep. Not Sell or Share My Personal Information, A faithful replica of Saint-Gaudens' gold masterpiece, Considered the most beautiful coin ever created by the U.S. Mint, A solid 14k gold replica of the coin worth $7,590,000. I and many others understand what true currency is!!! Henry Norweb and his wife Emey May Norweb, & Steve Fenton. Berenstein assumed Clarke would be at the Stacks March 25, 1944 sale, but apparently, this wasnt the case as investigators did not interview him until April. This query compelled officials at the Treasury and the Secret Service to initiate an internal review of the official disposition of all 1933 double eagles struck. President Herbert Hoovers approach to the crisis greatly contributed to his drubbing by Democratic challenger Franklin Delano Roosevelt in the 1932 presidential election. Although each of these coins carried the standard $20 denomination, none of the coins of this issue had officially been monetized or authorized for release. The coin was sold in its raw form, sans encapsulation, and was described as Gem Brilliant Uncirculated. At this time, the Mint accounted for 480 gold double eagles in the cashiers vault and 445,500 in its Working Vault. According to Macallister, Abe Kosoff bought the coin from Switt and sold it to Williams. A jeweler from Cairo had been tasked, it was said, by the family of a colonel close to General Gamal Abdel Nasser, second President of Egypt after the overthrow of Farouk, with the responsibility of selling parts of the estate. ", "I started coin collecting to pass the time in a full leg cast at the age of 12, and later became interested in stamps when my older brother left behind the stamp book he'd started when he went to college. 1933 $20 Saint Gaudens Gold Double Eagle. Gold Coins Conceivably, a 1933 double eagle could come to market once every couple of years. Although you'll likely never be fortunate enough to get your hands on a genuine 1933 Double Eagle, you can have the next best thing. The same lot, if offered today, would sell for millions of dollars. Franklin Mint SILVER Proof The Genius of Leonardo da Vinci from the Franklin Mint 92.5 % Silver Proof $39.95 or Best Offer Seller: Rossiburger52 . Belote informed the Treasury that the U.S. Mint had sent the Smithsonian two examples for the collection but he was personally unaware that the coin was never officially issued. After Farouk was removed from power, the coin disappeared until 1996 when it was seized by federal agents and stored away in a vault in the World Trade Center. Then in 1944, a specimen, possibly pilfered by a government employee, was inadvertently approved for export to the fabulous collection of King Farouk of Egypt. Macallister had purchased the example from Switt for $550 on December 6, 1937. At auction, a gem uncirculated 1933 Indian Head gold eagle sold for $718,750 in 2004. Nine of these coins were mutilated and melted down in the tests and the remaining 437 were placed back under lock and key in the Cashiers Vault. Twenty-five years later, as America found itself in the grip of the Great Depression, President Franklin D. Roosevelt, made private ownership of gold illegal and all 1933 double eagles were ordered to be melted down into plain gold bars. The 1933 edition of the "Double Eagle" never entered circulation, and nearly all of them were returned to the US government and melted down. But it certainly seems plausible, unlike some of those other fish tales. ". Of course, you don't have to be a dedicated collector to enjoy the variety of Are coins not your thing? By ordering a product at the discounted price, you will have the privilege of receiving future issues in the collection through our FREE in-home approval service. After weeks of haggling, Parrino pushed the number up to $1.5 million. In August 2004, attorney Barry Berke, reached out to the United States Mint Office of Legal Counsel to inform them that his new clients had in their possession 10 double eagles from 1933 and that he would like to discuss the matter. Since the sale, the owner of the coin and its whereabouts are not publicly known. At least in my 42 years of banking. Again, I do not believe this information was allowed to be introduced during the trial. The man on the phone: What's it like making history's highest auction bid? Green, naturally my father Morton, and uncle Joseph B. CoinWeek: Rare Coin, Currency, and Bullion News for Collectors, Behind the Scenes of the James A. Stack 1933 Double Eagle Gold Coin, Supreme Court Refuses to Hear Langbord-Switt 1933 Double Eagle Case, From the Brink to the Dark Side: Early American Copper Struck Counterfeits & Damaged Source Coins, Central States Numismatic Society Cancels April 2021 Convention, Lesser Known History of the US Mint in Saudi Gold and Other Tales, Bitcoins and Physical Cryptocurrency in Stacks Bowers Auction. He was sure that it was the Farouk coin, given the origin of the rest of the material he and Clermont had been dealing in from the Egyptian, but he had little in the way of documentation to establish provenance. 14,73 EUR . Much credit is due to numismatists David Tripp and David T. Alexander for their work on the subject in the early 2000s. 1933 liberty gold coin copy value. 1849 & 1933, National Collector's MINT 3 Coin Set Gold Plated .999 Silver 1907 1933 Copy, 1933 GOLD Double Eagle Lady Liberty Proof Gold Coin Total Of 2 Coins, 1933 Gold Plated Liberty Double Eagle Copy #HU1129 by National Collector's Mint. Barnard, F.B. Bell, whose real name was Jake Shapiro, was a Chicago area collector and sometimes coin dealer who had built an impressive collection of U.S. coins, including a number of rarities beyond the notorious 1933 double eagle. Why Choose Zion Metals - 1933 Liberty Gold Coin Copy Value. Judge Marjorie Rendell wrote that the government was obligated to bring a judicial civil forfeiture proceeding or return the property. Fenton sought the help of a handful of American dealers he knew and ultimately earned the cooperation of St. Louis dealer Jay Parrino. Liberty Gold $1 (2) Liberty Gold $10 (14) Liberty Gold $2.50 (10) Liberty Gold $20 (38) Liberty Gold $5 (3) Saint-Gaudens Gold $20 (39) Type 2 Indian Princess Gold $1 (1) Type 2 Liberty Gold $1 (1) Type 3 Indian Princess Gold $1 (7) With these 20 dollar gold coins investors get the advantage of super-low premiums along with its beauty and quality. Posted On April 27, 2022 . For price indications, refer to our Daily Quotes Price Page. The obverse features a full-length image of Liberty, facing forward with an olive branch in her extended left hand and a raised torch in her extended right. Royal Mint Launches First Coin in Myths and Legends Collection, Numismatic Crime Counterfeit Notes Sold Over Facebook, 1776 Continental Dollar Offered by David Lawrence Rare Coins, Grade This 1936-S Cincinnati Commemorative Silver Half Dollar, First King Charles III Coin From Pobjoy Celebrating the Accession, Dakota 1875 $5 Bank Note in Stacks Bowers Spring Auction. No further action is required on your part. These copy's of the 1933 Double Eagle have no numismatic collectible value, most sell for $5.00 or less at coin shows. The Berenstein coin was also melted down in August 1956. Coin Value Us St Gaudens Gold Piece Copy Counterfeit 1933 It is coins like this that contribute to the imagination and deep thoughts that make collectors truly well informed and develop their knowledge of numismatics. Question: Were all those 1933 Saints going to be exchanged for $20 in bills or coin before they were released had FDRs orders not gone into effect ? As the Farouk coins kept trickling in, Clermont asked the jeweler if he had seen a 1933 double eagle among the coins being disposed of by the family. In his letters, the president poured forth his ideas for how Americas coinage should rival those of the ancient Greeks. On August 4, Mint Director Nellie Tayloe Ross gave the order to all Mint branches to begin the process of melting down all of the gold coins on hand. Mint Director Henrietta Holsman Fore signed a Certificate of Monetization, which turned the object into a piece of legal tender. If you do not wish to preview future issues in the collection, please select the Individual Item Only tab above. Do you have any questions or concerns? COINS had ever been monetized or needed to be monetized. (original founders of Stacks in 1933) Max Bernstein, James MacAllister, Smith & Son, F.C.C. Our commitment to quality also heightens our 1933 gold double eagle proof copy's value. If any turned out to be rare dates or even current dates the cashier would exchange them for common date coins of the same denomination, so the cash draw was always correct. The date in Arabic numerals is near the bottom on the right; a monogram of the designers initials ASG is below the date. If you pay by credit card, future shipments will not be charged until 25 days after the invoice date. Still, stories exist. The agents left Berensteins offices and headed back to Stacks. Source: Red Book. The preliminary findings of their investigation, conducted in the days leading up to the sale, led to the governments determination that no coins from the issue were ever authorized for release. So Williams went elsewhere to get his fix. Its like winning the Super Bowl when your teams owner has bribed 5 or 6 of the refs. Out in the open, anyone trying to find a buyer for a 1933 double eagle would have found the coin to be radioactive. I have 5 of these so Pictures are showing each one I have. Its likely that Groendyke had no idea what Moore was up to regarding his coin or the plot to snare Parrino. He focused much of his collecting on Massachusetts colonials, early copper, and U.S. gold and silver coins. Bell, like Boyd and Reed, were at Stacks on March 25 to take in the third session of the Colonel Flanagan sale when approached by agents. Hopefully hes not the guy who turned it in voluntarily. The coin showed up with a letter, unannounced, made out to the Superintendent of the United States Mint. 1,526 visitors Inspection Note: Please inspect items prior to placing a bid. Ted was a big deal in early copper circles and had impeccable taste in coins. Save my name, email, and website in this browser for the next time I comment. Although Roosevelt had hoped that the sculptor would reenvision the entirety of American coinage, only two designs were finished and put into production, and both required adjustments before they were suitable for commercial coinage. The 1933 double eagle (United States 20-dollar gold coin) is a coin which currently holds the record for the. (The buyer did not want to be identified.) Franklin Delano Roosevelt, the fifth cousin of the former president Theodore Roosevelt, took 472 electoral votes and ran on the promise of a New Deal for Americans and a big government plan to end the countrys financial woes. Assuming that Kosoffs recollection of the conversation was accurately described and that Switt was being forthright about the actual number of coins that he had at one time in his possession, then the number of coins that might be squirreled away in secret collections equaled as many as five. Toll-free Customer Service1-877-807-MINT (6468) Hours of Operation:8AM to 7PM ETMonday through Fridayand 10AM to 6PM on Saturday. Well list this coin at the end of this run-down as a rumored coin. Many old coins were made from precious metals like gold, copper and silver and as such they are always worth the weight of the metal contained within. The Treasure of the SS Central America ranged from large gold ingots of various sizes to newly-minted 20 gold pieces freshly struck in San Francisco and every other denomination of coinage . Various stories circulated among the involved dealers and collectors that gave the coins some space from their actual source and provided enough murkiness to insinuate that even if the coins werent officially released they could have been accidentally released. Macallister, in a later interview with the Secret Service, admitted to purchasing five 1933 double eagles from Switt in early 1937. The coin illustrated here is the latter of the two coins. To be able to use American Mint in full range, we recommend activating Javascript in your browser. To be able to use American Mint in full range, we recommend activating Javascript in your browser. He sprang into action, seeking clarity from the United States Treasury Department concerning Stacks claims about the coins purported rarity. This was sufficient proof that the coins were sourced from the same cache of unreleased double eagles kept in the Cashiers Vault and smuggled out of the Mint in 1937. B. Max Mehls records indicate that he was the source of the Williams coin. Within moments, U.S. Secret Service agents stormed in with guns drawn and made the arrest. Initially, all of the individuals involved with trading the coins denied knowing that the 1933 double eagles came directly from a Mint source. James Bell was one of the three 1933 double eagle owners fingered by Max Berenstein during his interview with U.S. Secret Service Agents on March 24, 1944. Stacks publicity for the sale of the Flanagan 1933 double eagle piqued the interest of New York Herald Tribune coin and stamp columnist Ernest A. Kehr. To Libertys right at the bottom of the coin, the sun is visible behind a depiction of theU.S. Capitolbuilding. As atribute to the MASSIVE impact of the U.S. Mint's BIGGEST numismatic success, the master artisans at American Mint have created the 1933 Giant Gold Double Eagle Proof Replica. If you have any questions about the $20 Saint Gaudens US gold mint coin before placing your order, please call Money Metals Exchange directly at 1-800-800-1865. Join now and also get a welcome voucher code for $5. McCann would have had access to the coins, was at the right place at the right time, and was already serving time for stealing from the Mint. Car & Truck Safety & Security Accessories, 1933 $20 Gold Plated Liberty Double Eagle Coin National Collector's Mint - Copy, Copy 1933 Liberty Standing Walking $20 Twenty Dollar Coin USA U.S.A. Gold-Plated, 1933 STANDING LIBERTY 20 DOLLAR GOLD PLATED OVER SILVER COIN "COPY", 1933 $20 Gold Coin Lady Liberty Double Eagle COPY T-721, Copy 1933 Liberty Standing Walking 20 Dollar Coin United States Gold Tone Twenty, 1933 2003 24k Gold Layered Double Eagle Proof Reproduction Copy 70th Anniv COA, 1933 $20 GOLD PLATED LIBERTY DOUBLE EAGLE COIN-NATIONAL COLLECTOR'S MINT(COPY), Copy 1933 Walking Liberty 20 Dollar Coin United States Gold Silver, 1933 Gold Double Eagle Lady Liberty Proof Coin 2003 Copy, 1933/2003 Lliberty Gold 20 Dollar Double Eagle Copy 24K Gold Plated, 1933 GOLD Double Eagle Lady Liberty Proof Gold Coin 2003 Copy, USA - 1933 Double Eagle $20 & 1795 Half Eagle Gold Plated Proof COPY Coins, 1933 SAINT GUADENS $20 DOUBLE EAGLE LAYERED IN 24 KARAT GOLD ARCHIVAL COPY, 1933 DOUBLE EAGLE PROOF Gold Plated Coin Copy in Plastic Capsule w/Certificate, Stunning 1933 US American Double Eagle $20 Gold Plate Tribute Proof Copy Coin, 10 Copy 1933 Walking Liberty 20 Dollar Coin United States Gold Tone, 1933 Gold Plated Liberty Double Eagle Copy with Box National Collector's Mint, 1933 Double Eagle PROOF Gold Plated Coin 2003 Copy in Plastic Capsule, 1933 Saint-Gaudens $20 Double Eagle Copy 24K Gold Plated (US-534), Twenty Dollar Gold Coins (copy). July 2002. You will be billed only for the items you decide to keep. A key economic measure employed by the Democrat called for the untethering of the U.S. dollar from gold in order to provide the Federal Reserve System a mechanism to reflate the national currency. Fenton wanted $750,000 for the title of the coin and Parrino sought $1.5 million from a prospective buyer so that he could retain a sizable piece for himself. One missing coin ended up in the collection of Egypt's King Farouk, but political considerations kept agents from confiscating it. The governments $5,000 reward for his cooperation was insufficient. In 2009, the court surprised Mint legal counsel by shifting the burden of proof from the family to the Mint. He was so enthusiastic about his purchase of a rare 1933 double eagle that he proudly displayed it at the December 1937 meeting of the New York Numismatic Club and then again at the 1938 American Numismatic Association Convention, held in August 1938 in Columbus, Ohio. American Mint offers a wide variety of collectible pieces, pick your favorite category and start collecting today. Be well everyone. He initially named Agent Strang as a defendant but amended his complaint to name the United States Government after his filing was dismissed. 1933 $20 Gold Plated Liberty Double Eagle Coin National Collector's Mint - Copy. In a miraculous twist of fate, the coin was moved from the World Trade Center just before the terrorist attacks ofSeptember 11. The finest 1933 double eagle, in such a hypothetical, might be a $4.5 to $5 million dollar coin, but each and every one of them would likely sell for $2 million or more. But Tripps narrative wove together a whodunnit and did not necessarily lock down the provenance of each known piece. #7: The Walter Hammel J.F. The family decided to challenge the seizure of the coins in court. The exceptionally rare 1933 "Double Eagle" is now the most valuable. Santa Ana, CA 92799 (800) 759-7575 Tripp eludes to a similar story in Illegal Tender but does not name names. 1933 Half Dollar Value. If you pay by credit card, future shipments will not be charged until 25 days after the invoice date. I opened up the computer this morning and read your wonderful story about the 1933 Double Eagle. For the sake of transparency, we have no first-hand knowledge of any person that currently has ownership of a 1933 double eagle. You are under no obligation! The sale of the coin took less than nine minutes and was witnessed by more than 500 spectators. When you go into a bank and made a deposit they give you a receipt. So clearly it was normal protocol to not record every transaction, particularly if it was Saint-for-Saint. The Farouk coin was sold by B. Max Mehl to an Egyptian official on behalf of King Farouk on February 23, 1944. Coins for Sale When it traded hands at auction in July 2002, it recorded a price $7.5 million. Six years later, Reed sold the Hammel coin to Jake Bell or so it is claimed. Based on information gathered from the Stack brothers about the possible whereabouts of other coins, Agents Strang and Haley left the Stacks offices and made their way across town to a jewelry shop operated by collector Max Berenstein. Caring for your collectibles is essential for preserving their appearance and protecting their long-term value. Mehl completed both the sale with Reed and the sale with Farouk in the open, without fear of government confiscation or knowledge that the coin would soon be considered an illicit item. Platinum Coins Mehl had the coin in his inventory for much of the rest of the year, selling it to Flanaganon November 26, 1937, for $1,250. The last of Weitzman's three items -- which Sotheby's had collectively dubbed the "Three Treasures" -- was a sheet of the very first US airmail stamps, dating back to 1918. Also, you could report in another story, that a year or two after the Fenton case, and the new owner was given title to the Fenton specimen, the present owner, in concert with the Federal Reserve in New York, established a Numismatic Exhibit in the Old Cashier and Bond windows in the building, and highlighted on display the 1933 Double eagle, as well as other rare coins, with the help and cooperation of the American Numismatic Society, who loaned the necessary coins to complete the display. All four individuals signed their names on the ledger certifying the contents of the vault. Use our secure, easy-to-navigate e-commerce site to order your beautiful 1933 gold coin copy today. Looking into McCanns financial records, investigators discovered a series of large, unexplained deposits into his account in 1936 that corresponded with similarly sized payments made by Switts business partner and brother-in-law, Edward Silver. The ultra-high relief double eagle design would ultimately require the most work. President Theodore Roosevelt knew none of this, but he was sure that Saint-Gaudens was the man that would reinvigorate American coinage and make it appear as great as the country it represented. The dissemination of this modern rarity among the upper echelons of the dealers numismatic clientele was business as usual. Of course, this could never be proved, and the government statements are fully documented as to the count held by the CASHIER was always correct, even not all the same date. 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