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Numismatists and coin dealers were still allowed to possess and deal in gold coins; all others required a special license. The double eagle continued to be struck until May. On December 28 , 1933, Acting Secretary of the Treasury Henry Morgenthau ordered Americans to turn in all gold coins and gold certificates, with limited exceptions ...
The same paragraph also exempted "gold coins having recognized special value to collectors of rare and unusual coins", which protected recognized gold coin collections from legal seizure. The 1934 Gold Reserve Act subsequently changed the statutory gold content of the U.S. Dollar from $20.67 to $35 an ounce. While this might be seen to some as ...
Coin collecting is the collecting of coins or other forms of minted legal tender. Coins of interest to collectors include beautiful, rare, and historically significant pieces. Collectors may be interested, for example, in complete sets of a particular design or denomination, coins that were in circulation for only a brief time, or coins with ...
A year earlier, in 1933, Executive Order 6102 had made it a criminal offense for U.S. citizens to own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins. These prohibitions were relaxed starting in 1964 – gold certificates were again allowed for private investors on April 24, 1964, although the ...
In addition, a $100,000 Series of 1934 gold certificate is part of the numismatic collection at the Smithsonian's National Museum of American History. [9] As of December 2013 the Federal Reserve reported [10] holding $11.037 billion (face value) of these certificates.
Many history and cultural museums have large numismatic collections (coins, money, and tokens). Some museums are specifically dedicated to the history of money or coins, while others have major collections amongst other material.
The National Numismatic Collection comprises approximately 1.6 million objects and is one of the world's largest and most diverse collections of coins, paper currency, medals, commodity currencies, financial instruments, exonumia, and related items. [1]
With a huge following, Morgan dollars are likely the most popular U.S. coins to collect. There are 95 different date/mintmark coins in the Morgan dollar series, and dozens sell for much more than ...