By CoinWeek ….. Most coin collectors know about the gold standard, and many American collectors are aware of the bimetallic system under which the United States operated when Congress wrote the Mint Act of 1792, which established the United States Mint and gave name to the coins that would serve as our money. The […]
The post Would Returning to the Gold Standard Be a Bad Idea? appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.
From: President of the United States Franklin Delano Roosevelt To: The United States Congress Dated: 5 April, 1933 Presidential Executive Order 6102 Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates BY VIRTUE Of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended […]
The post FDR Executive Order 6102 – Forbidding the Hoarding of Gold appeared first on CoinWeek.
By Eric Brothers for CoinWeek ….. If you ever thought that it would be cool to own a 1933 Double Eagle, think again. The handful of people who have “owned” specimens of the notorious coin have been famously unlucky. But what’s so unlucky about owning one of the most coveted American coins struck in the […]
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By Charles Morgan and Hubert Walker for CoinWeek and re-posted …. In 1963, Coin World columnist and former ANA librarian Ted Hammer wrote about a coin dealer in Texas arrested for trying to sell a gold certificate. The dealer had run afoul of federal authorities who acted to enforce a 30-year-old Executive Order outlawing private ownership […]
The post From the Herb Hicks Files – The Illegal Ban on Gold Certificates appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. One of the most sensitive secrets protected by the Washington establishment is the massive cache of gold reserves held at the federal depository in Fort Knox, Kentucky. Locked Up Tighter Than Fort Knox According to official statistics, the United States holds far and away the largest gold reserves […]
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By Charles Morgan and Hubert Walker for CoinWeek …. Don’t worry. This isn’t an essay on literary theory, or some nostalgic lament. Instead, we’d like to take a moment to explain something critical to our understanding of the stylistic and political implications behind what’s known as the Modern Era of U.S. coinage, and how that […]
The post For Coins, This Is a Postmodern Era (or, R.I.P. The Modern Era: 1932-1982) appeared first on CoinWeek.
CoinWeek Podcast #20: Herb Hicks and the Illegality of Collecting Gold Certificates Did the letter writing campaign of an astute numismatist sway the United States Treasury Department to drop charges against a Texas coin dealer and finally allow collectors to openly collect United States Gold Certificates? In this audio retelling of Charles Morgan and Hubert Walker’s NLG-award-winning […]
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