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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]
[8] [9] 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.
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.
Because of collectible coins' higher markups and mention of past government confiscation of bullion in Goldline sales literature, Weiner accused the company of recommending rare collectible coins over less-profitable bullion. Some customers prefer collectibles because they are recognizable, government-issued coins, and may be less expensive. [65]
One Gold Crucifix, based on a traffic stop in which a woman was pulled over, no charges were filed, but this item of jewelry was seized. [8] Another case name was United States v. $35,651.11 in U.S. Currency. [31] The Washington Post analyzed 400 seizures in 17 states that were examples of equitable sharing arrangements. [35]
A group of state attorneys general on Thursday sued to halt Elon Musk's efforts to slash federal spending as head of President Donald Trump's new government efficiency agency, escalating the legal ...
Bullion coins are government-minted, legal tender coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver. They are kept as a store of value or an investment rather than used in day-to-day commerce. [1]
The state is refusing to name the 80 companies that have sought franchise tax refunds from the state, a move that Finance Commissioner Jim Bryson says prompted Lee to include $1.2 billion in ...