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1924$ 20 Gold Double Eagle Nearly 1 oz Gold St Gaudens
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1924$ 20 Gold Double Eagle Nearly 1 oz Gold St Gaudens
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I've taken several photos of the coin so you can see the beauty of this numismatic item. It's a beautiful coin. The Double Eagle was the largestregular denomination coin authorized for coinage. Many of these coins weremelted after the US declared their ownership to be “illegal.” These wonderful survivors have nearly one full ounce of gold. They possess .9675 ounces of pure gold, though the coins are a composite of gold and copper (added for strength).Maybe this is a gift for someone born in 1924? What a treasure for them! Here's an important question:Why own a boring bullion coin when you can own a piece of numismatic history? They’re not making these anymore, and they're historic!!! For the history buff. . . . The financial instability following World War I through-out the world encouraged many private citizens to hoard gold, ultimately also affecting the U.S. gold reserves. The problem was compounded in the 1930's by a general bank crisis that led, on March 6 to 9, to the closing of all Banks. President Franklin D. Roosevelt succeeded with his legislation "the Emergency Bank Relief Act" of March 9, 1933 and the "Gold Reserve Act" of Jan. 1934, in putting an end to these crises: banks were opened, but gold vanished. The legislation put an end to all circulation and private possession of U.S. gold; an exemption was granted for "gold coins having a recognized value to collectors of rare and unusual coins". Late in 1934, the 1933 $20 coins were melted down, with the exception of two coins and a small number of other specimens, including the recently auctioned King Farouk specimen. The coin will be shipped registered and insured at a cost of $27.50 to the winner. It does take the USPS extra time to deliver them, as they're always locked up and in the custody of a government employee. Thank you for looking, and good luck bidding!FYI . . . .gold (AU) has been in the $1420 per ounce range. Some have speculated gold growing to over $3000 per ounce. It's likely to go much higher as the federal deficit grows. Hold hard assets for greater financial security.
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