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Executive Order 6102 also led to the extreme rarity of the 1933 Double Eagle gold coin. The order caused all gold coin production to cease and all 1933 minted coins to be destroyed. About 20 such coins were stolen, leading to an outstanding US Secret Service warrant for arrest and confiscation of the coins. [8]
Baltimore & Ohio R. Co., Nortz v. U.S.), the Gold Reserve Act was subject to scrutiny by the United States Supreme Court, which narrowly upheld Roosevelt's gold confiscation policy. The 1962 case United States v. One Solid Gold Object in Form of a Rooster concerned the seizure of a 14-pound golden statue of a rooster.
[7] [8] In 1986, the federal government introduced the American Gold Eagle coin series, the first gold money produced by the United States since the Great Depression. These coins are legal tender at their face value but the Mint offers them only as collectibles at their much higher bullion value, not as a form of payment by the government.
In 1933, in an attempt to end the 1930s general bank crisis, U.S. president Franklin D. Roosevelt issued Executive Order 6102, which provisions included: . Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates ...
Executive Order 6102 - Requiring Gold Coin, Gold Bullion and Gold Certificates to Be Delivered to the Government; Executive Order 6260 - On Hoarding and Exporting Gold; Gold Standard Repeal 1933; Silver Purchase Act of 1934; Gold Reserve Act of 1934; Silver Coinage Act of 1939; Silver Purchase Act of 1946; Silver Purchase Repeal Act of 1963 ...
On History Channel's hit show "Pawn Stars," a man came in to sell a 1907 Saint-Gaudens double eagle $20 gold coin. The coins are extremely rare, and some of them have sold for more than $1 million ...
The Coinage Act of 1873 or Mint Act of 1873 was a general revision of laws relating to the Mint of the United States.By ending the right of holders of silver bullion to have it coined into standard silver dollars, while allowing holders of gold to continue to have their bullion made into money, the act created a gold standard by default.
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