Often used in jewelry and industrial products, platinum is a rare precious metal that is always in high demand. He had kept one, he said, and had bought another from a New York collector named Taylor, which Berenstein later sold to R. H. Smith of Chicago. Sotheby's owns the most valuable assets in the world. Had the price been closer to that of the 1907 High Relief Saints a decade or more after they came out $21 or $22 or $23, tops nobody would have cared. In 1907, President Theodore Roosevelt commissioned famed sculptor Augustus Saint-Gaudens to redesign the Gold Double Eagle coin. The exceptionally rare 1933 "Double Eagle" is now the most valuable coin ever to appear at auction, almost doubling the previous world record, according to Sotheby's, which organized the sale. So clearly it was normal protocol to not record every transaction, particularly if it was Saint-for-Saint. But when you go into a bank and ask for two $50 bills in exchange for a single $100, they DO NOT give you a receipt. P.O. Although each of these coins carried the standard $20 denomination, none of the coins of this issue had officially been monetized or authorized for release. Considered the most beautiful type of gold investment, gold coins offer a unique and Silver Coins However, as many as 20 coins escaped this fate: twowere given to the Smithsonian for exhibit, and a handful were secreted away by the Mint's chief cashier. One of the oldest materials used in the minting of coins, silver has long been a favorite material of both serious numismatists and casual collectors. A jeweler from Cairo had been tasked, it was said, by the family of a colonel close to General Gamal Abdel Nasser, second President of Egypt after the overthrow of Farouk, with the responsibility of selling parts of the estate. On July 22, 1947, the matter was settled in favor of the government. Why go after the 1933 double eagle and not the 1913 nickel, 19th-century pattern coins, or myriad unauthorized restrikes? $18.99 $ 18. Ted was a big deal in early copper circles and had impeccable taste in coins. Join now and also get a welcome voucher code for $5. One missing coin ended up in the collection of Egypt's King Farouk, but political considerations kept agents from confiscating it. A year later, the single surviving 1933 Gold Double Eagle was sold at auction for an astonishing 7.59 million dollars, making it the most expensive gold coin in history. New York publisher F.C.C. You are under no obligation! He had paid Reed the astonishingly low price of $550. Close Bid History for Copy of 1933 Liberty Gold Coin Auction Start Date: 12/08/16 6:00 PM ET Auction End Date: 12/22/16 9:10 PM ET Asset ID: 187 Number of Bids: 20 Loading bid history. The provenance of these two issues is rock solid and both coins have been publicly exhibited. Another question surrounded the legal implications the government might face, should the courts allow the sale of the Langbord-Switt 10, given that the 2002 sale occurred with the stipulation that Farouk coin would be the only legal example of the issue. Max Berenstein had one, they said. Every gold and silver product that we obtain is examined and validated with the best analytic tool Sigma Metalytics has to use, the PMV Pro so our . (Naftzger doggedly proclaimed his innocence in that matter. USA Coin Book Estimated Value of 1933 Saint Gaudens Gold $20 Double Eagle is Worth $21,602,444 or more in Uncirculated (MS+) Mint Condition. The gold balance was the same (as it had been in the case of the 1933 Saint) unlike someone giving $20 bills or other currency for the coins. Zion Metals has long-lasting connections with trusted gold and silver . Inspections are by appointment only. Hitherto, the United States Secret Service was unaware of the whereabouts of the coin and Eliasberg was never on their radar. Bell, having already been interviewed two weeks prior, played coy about the existence or whereabouts of the coin described on Mehls document. Looking for gold and silver coins? Inside were the 10 1933 double eagles individually stored in envelopes that look like they could have come from the Mint. He then sued for the return of the coin but lost his case. In the 19 years since its record-breaking sale, the Cardinal 1794 Flowing Hair dollar and the 1787 Brasher Doubloon have sold for more. Click here to Learn How to use Coin Price Charts. Santa Ana, CA 92799 (800) 759-7575 Order Your 1933 Double Eagle Gold Replica Now 1907 Liberty Head $10 Gold Coin (S) N/A. good value shipped fast. In total, Macallister admitted to buying five examples from Switt before stopping due to his inference that Switt had more coins on hand than he had originally allowed Macallister to believe. The 1933 double eagle (United States 20-dollar gold coin) is a coin which currently holds the record for the. It is coins like this that contribute to the imagination and deep thoughts that make collectors truly well informed and develop their knowledge of numismatics. Coins were struck 2 weeks later but that was not the first of the 1933 Saints to come off the mint line. President Theodore Roosevelt knew none of this, but he was sure that Saint-Gaudens was the man that would reinvigorate American coinage and make it appear as great as the country it represented. Working with PresidentTheodore Teddy Roosevelt, he is responsible for some of the most beautiful numismatic designs in American history, such as the goldIndian Head $10 eagleand the gold$20 double eagle. 1933 Saints were included in a bag of 1932 Saints when a bunch of 1932s turned up defective and had to be removed/destroyed. Although you'll likely never be fortunate enough to get your hands on a genuine 1933 Double Eagle, you can have the next best thing. Conceivably, a 1933 double eagle could come to market once every couple of years. If the Hammel specimen was the coin that Bell turned over to the Secret Service, and Kosoff, Reed, and Bells testimony regarding this specimen was truthful and accurate, then Reed would have had to have held onto a rare and expensive 1933 double eagle at the height of its demand in the midst of the Great Depression. According to what Kosoff told the investigator, Kosoff had only handled one 1933 double eaglea coin that he purchased from Israel Switt in 1937. The finer of the two examples was mounted for display in the National Numismatic Collections temporary exhibit, while the second piece was exhibited in the museums Value of Money exhibit, taking its place among such legendary numismatic luminaries as three 1804 dollars (one of each class), the unique 1849 double eagle, the 1877 Half Union $50 gold pattern, and the Brasher doubloon. A cascading series of global economic crises gave way to the Great Depression. #1 & #2: U.S. Mint to Smithsonian Institution. Source: Red Book. Learn how your comment data is processed. Also interesting is the fact that the Hammel-Bell coin surrendered to the Secret Service wasnt the only one Bell had owned or handled. The obverse features a full-length image of Liberty, facing forward with an olive branch in her extended left hand and a raised torch in her extended right. One of the best things about collecting coins is that it providesa lens through which you can explore a range of different subjects. After months of investigations, the United States Secret Service believed that Mint cashier George McCann was the source of the coins. But Tripps narrative wove together a whodunnit and did not necessarily lock down the provenance of each known piece. Rays from the sun extend upward from behind the Capitol and Liberty to about the level of Libertys waist. You are under no obligation! I own a Liberty Double Eagle, 1914 St Gauden, many Morgans and Peace Dollars. Only a handful of the coins were spared this fate, and a small number entered the market. In-depth overview and values of the Liberty $20 Gold Coin, which was produced from 1850 through 1907. log in; register; 0 EMPTY CART . The Secret Service was given this morsel of information by Ira Reed, with later corroboration coming from its mention on a list of coins from a collection that Bell planned to sell to B. Max Mehl in 1943. A wealthy Texan collector named Groendyke was known to be in the market for rare Saint-Gaudens double eagles. For thousands of years, gold has been a symbol of wealth and status; today, it is considered a safe, long-term investment for everyone. If you do not wish to preview future issues in the collection, please select the Individual Item Only tab above. Kosoff confirmed Macallisters account and put forth additional information during his April 24, 1944 interview with Secret Service Special Agent Mitch Lipson. No such authorization came, however, and on April 5, President Roosevelt slammed the door on any potential release by issuing Executive Order 6102, which forbade the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations, and corporations.. Boyd, Ira Reed, J.F. Best deals for gold bullion and silver bullion. For completeness of the story, I should mention Harry Stein, a N.Y.Lawyer, and a fine Numismatist, who represented Barnard during the first trial, and unfortunately did not succeed with his endeavors, after which Barnard surrendered his coin. the $20 Liberty gold coin is one that had an extremely high face value for its day. The Melt Value shown below is how Valuable the Coin's Metal is Worth (bare minimum value of coin). The Boyd specimen was melted down in August 1956. When you spend $150 or more, shipping and handling is on us. April 18, 2017. As recently as 2017, both coins were on public display at the National Museum of American History. Supreme Court Refuses to Hear Langbord-Switt 1933 Double Eagle Case, CoinWeek. To Libertys right at the bottom of the coin, the sun is visible behind a depiction of theU.S. Capitolbuilding. 99. The Kings agent paid $1,575 USD a high-end but not record price for the piece. And while you're here, feel free to take a closer look at our other gold coins, as well as our assortment of full-color baseballs, pocket knives, die-cast models, and more. He initially named Agent Strang as a defendant but amended his complaint to name the United States Government after his filing was dismissed. In 1900, at the age of 52, Saint-Gaudens had to return to the U.S. after living in Paris. According to Macallister, Abe Kosoff bought the coin from Switt and sold it to Williams. Sign up for the American Mint emails and be the first to receive the We have not pinpointed the exact date of the Switt or Stack transactions, but presume that they occurred after 1937. The Mint informed Berke that the coins were authentic but stolen property and would not be returned. It hadnt done so and therefore must return the double eagles. One missing coin ended up in the collection of Egypt's King Farouk, but political considerations kept agents from confiscating it. Please call us toll-free at 800-527-2375 for up to the minute pricing if you wish to order any of the items listed below. The Eliasberg specimen was melted down in August 1956. Federal agents learned that he owned a 1933 double eagle after interviewing Philadelphia coin dealer James Macallister on March 28, 1944. No further action is required on your part. Numismatic lore is one of the exciting parts of being a Coin Collector and a Profession Dealer for some 70 years. 1933 liberty gold coin copy value. tailored to each client's unique goals and concerns and is based on historic data on currency life . You may cancel this service at any time by calling toll-free 1-877-807-MINT. The typical investor favors to buy silver coins provided by sovereign mints. Well list this coin at the end of this run-down as a rumored coin. Would the heirs have a rightful claim for financial compensation for coins they were forced to surrender? I have seen and held a 1933 $20 gold in Zurich Switzerland, the dealer now dead, also had a 1964 US Silver Dollar. They found Morton and Joseph to be very cooperative and at the conclusion of their meeting, Stacks withdrew the coin from the sale and surrendered it to U.S. Secret Service Special Agents Harry Strang and James Haley. Save on delivery. On August 4, Mint Director Nellie Tayloe Ross gave the order to all Mint branches to begin the process of melting down all of the gold coins on hand. Alexanders 2002 article in The Numismatist, which preceded Tripps Illegal Tender by two years, was likely the most complete accounting of each coin that had been published to that point, relying on news reports and information available within the industry. With these 20 dollar gold coins investors get the advantage of super-low premiums along with its beauty and quality. Trotter, Leland Howard (Asst Director of the Mint), Mike Brownlee, Stan Kesselman, Ted Naftzger, Jeff Browning, and of course Jay Parino, Julian Leidman, Hon. Twenty-five years later, as America found itself in the grip of the Great Depression, President Franklin D. Roosevelt, made private ownership of gold illegal and all 1933 double eagles were ordered to be melted down into plain gold bars. For transactions involving currency, they probably did record those. For this reason, very few collectors even attempt to collect 1933 eagles, as even the lower-end specimens - on the rare occasion that they even come up on the market - cost in the hundreds of thousands of dollars. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. Coins for Sale The Flanagan coin was the first of two coins that Macallister would sell to Mehl. The man on the phone: What's it like making history's highest auction bid? Rumored because it is possible that this was the same coin that he had bought from Reed two days earlier but the timeline that Bell gave investigators was purposefully misleading. Twenty-five years later, as America found itself in the grip of the Great Depression, President Franklin D. Roosevelt, made private ownership of gold illegal and all 1933 double eagles were ordered to be melted down into plain gold bars. Nine of these coins were mutilated and melted down in the tests and the remaining 437 were placed back under lock and key in the Cashiers Vault. The coin was sold in its raw form, sans encapsulation, and was described as Gem Brilliant Uncirculated. The first Bell coin was melted down in August 1956. As discussed in entry #7, J.F. Gold Coins In 1907, President Theodore Roosevelt commissioned famed sculptor Augustus Saint-Gaudens to *14 Cent/Min. The government was never going to pay, so what difference did it make? Save on delivery. Sign up for the American Mint emails and be the first to receive the On August 3, 1907, Saint-Gaudens died. Barnard, F.B. By regulation, this would have been the earliest point that a 1933 double eagle could have been monetized and authorized for release. Again, this statement is NOT correct. Jake Bell, T.James Clark, Harry Strang (Secret Service active in finding the 1933s) Walter Mortimer Hammel, Charles Williams, Joseph Barnet, James A. Stack, Louis Eliasberg, L.G. The sale was concluded on February 17, 1937. But a shortage in 1855 prompted British Guiana's postmaster to commission a new series from a local newspaper printer, according to Sotheby's. In 1907, President Theodore Roosevelt commissioned famed sculptor Augustus Saint-Gaudens to redesign the Gold Double Eagle coin. It is not a Tradable coin, but it is worth your permanent collection. Zion Metals identifies itself by providing the very best customer care. 4.1 out of 5 stars 49. In 2015, Silver Spring, Maryland coin dealer Julian Leidman, a beloved and respected old-timer on the national numismatic circuit, revealed this curious tidbit: in 1975, he accompanied coin dealers Mike Brownlee and Stan Kesselman on an adventure, wherein the three men purchased a collection of Liberty Head and Saint-Gaudens double eagles from a wealthy California coin collector named Ted Naftzger. Macallister had purchased the example from Switt for $550 on December 6, 1937. In 1907, President Theodore Roosevelt commissioned famed sculptor Augustus Saint-Gaudens to 1933 Giant Gold Double Eagle Proof Replica, *14 Cent/Min. #23: Example Surrendered in 2017 (Rumored to be the 1980 Kodak-Naftzger-Browning Specimen). The 1933 double eagle is a United States 20-dollar gold coin. As Saint-Gaudens health continued to decline, assistant Henry Hering worked to keep the project on track. Some describe her as striding forward, but she appears instead to be in a pose, the foot of her left leg resting on a large rock in front of which are oak leaves. One of the last gold coins ever struck for circulation in the US sold for a record $18.9 million in New York on Tuesday. James Bell, alias of Chicago collector-dealer Jake Shapiro, had handled more than one 1933 double eagle. latest deals on genuine U.S. currency and exclusive American Mint commemoratives. We have sent your voucher code to your email! The coin was one of many highlights from the Stacks March 23-25, 1944 sale of the Colonel James W. Flanagan Collection of Gold Coins. The US Mint produced and sold more than 40 million of those coins each year in recent years - making. President Herbert Hoovers approach to the crisis greatly contributed to his drubbing by Democratic challenger Franklin Delano Roosevelt in the 1932 presidential election. Ira Reed acquired the specimen he sold to Baltimore banker Louis Eliasberg, Sr. directly from Israel Switt and sold it for $1,000 on April 15, 1944, already fully aware of the confiscations and ongoing criminal investigation. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. By regulation, this would have been the earliest point that a 1933 double eagle could have been monetized and authorized for release. Featuring Liberty on one side, and an eagle in flight on the other, the coin has a face value of $20. The Swift surrender for further examination of the 10 pieces they found in their family vault in Baltimore, led to further legal battles and I believe all still exist or will be placed on display at different times by the U.S. Mint. On February 27, 1944, satisfied with the results of their investigation, the Treasury Department issued Export License TGL-11-170, authorized by Treasury Secretary Henry C. Morgenthau, Jr. Car & Truck Safety & Security Accessories, 1933 $20 Gold Plated Liberty Double Eagle Coin National Collector's Mint - Copy, Copy 1933 Liberty Standing Walking $20 Twenty Dollar Coin USA U.S.A. Gold-Plated, 1933 STANDING LIBERTY 20 DOLLAR GOLD PLATED OVER SILVER COIN "COPY", 1933 $20 Gold Coin Lady Liberty Double Eagle COPY T-721, Copy 1933 Liberty Standing Walking 20 Dollar Coin United States Gold Tone Twenty, 1933 2003 24k Gold Layered Double Eagle Proof Reproduction Copy 70th Anniv COA, 1933 $20 GOLD PLATED LIBERTY DOUBLE EAGLE COIN-NATIONAL COLLECTOR'S MINT(COPY), Copy 1933 Walking Liberty 20 Dollar Coin United States Gold Silver, 1933 Gold Double Eagle Lady Liberty Proof Coin 2003 Copy, 1933/2003 Lliberty Gold 20 Dollar Double Eagle Copy 24K Gold Plated, 1933 GOLD Double Eagle Lady Liberty Proof Gold Coin 2003 Copy, USA - 1933 Double Eagle $20 & 1795 Half Eagle Gold Plated Proof COPY Coins, 1933 SAINT GUADENS $20 DOUBLE EAGLE LAYERED IN 24 KARAT GOLD ARCHIVAL COPY, 1933 DOUBLE EAGLE PROOF Gold Plated Coin Copy in Plastic Capsule w/Certificate, Stunning 1933 US American Double Eagle $20 Gold Plate Tribute Proof Copy Coin, 10 Copy 1933 Walking Liberty 20 Dollar Coin United States Gold Tone, 1933 Gold Plated Liberty Double Eagle Copy with Box National Collector's Mint, 1933 Double Eagle PROOF Gold Plated Coin 2003 Copy in Plastic Capsule, 1933 Saint-Gaudens $20 Double Eagle Copy 24K Gold Plated (US-534), Twenty Dollar Gold Coins (copy). The world-renowned sculptor, venerated in his time and even more so sense, had a serious distaste for the Mints bureaucracy and an even lesser opinion of its chief engraver. It is not a Tradable coin, but it is worth your permanent collection. Offering the largest database of precious metal buyers and sellers on the internet. Kocreat Copy 1933 Double Eagle Liberty Gold Coin Twenty Dollars-USA Souvenir Coin Lucky Coin Morgan Dollar Replica Collection, Silver Brand: Kocreat 14 ratings $499 About this item MATERIAL-This is a Hobbies coin.Made of Copper,Plated with Gold. Liberty Head 20 Gold Coin 1850-1907. The State Department then made inquiries about the return of the coin, even asking the military junta that had deposed Farouk in 1952 and were selling off the royal collection, for the double eagle back. Stack died in 1951. You can purchase our 1933 gold coin copy right now at a deeply discounted online price. According to the stories told, Swift would get special-dated coins which were either in his till, or turned in for redemption at the Cashier Office of the Mint. Alexander, David T. Selling Americas Rarest Coin: The 1933 Double Eagle, The Numismatist. The 1933 double eagle depicted in the Kodak print was not a rumor. FREE shipping on order $199+. IRA. A quick note: Piecing together a list of known or rumored 1933 double eagles is a daunting task. #7: The Walter Hammel J.F. a.d. Festnetz; max. That is a factor that could, if fully pursued might change the attitude of the MINT. Additionally, 20 of these 500 coins were sent to Washington for Mint assay and 446 were reserved for the 1934 Assay Commission. The 1933 double eagle $20 gold coin is one of American Numismatics' most notorious coins. The whole story about the 1933 coggers up my memory, for it really was the first U.S. Gold Coin that received the notoriety and fame for all these decades. Posted On April 27, 2022 . The Berenstein coin was also melted down in August 1956. Caring for your collectibles is essential for preserving their appearance and protecting their long-term value. The jeweler wanted $325,000 for the coin; he had paid $210,000. 42 Cent/Min. $775. Two weeks later, Ross ordered the Philadelphia Mint to transfer two 1933 double eagles to the Smithsonian Institution to be kept in the National Numismatic Collection. And so the numismatic community will have to wait and see if or when the Farouk coin ever comes back to the market. On March 6, Roosevelt signed Proclamation 2039, which forbade payment in gold, the hoarding of, and the exportation of gold coin or bullion. Since the pandemic, many museums are still closed, and I do not know if the displays still exist or were taken down. Sign up now to join our e-mail list and ensure that you will no longer miss any offers from American Mint. Moore inspected the coin, asked about the 1907 double eagle that Parrino gave back. So thats how stories evolve, not proved either way, and the owners of the past all surrendered theirs because they could not prove or afford to litigate each coin in their collections. Tripps work proved to be quite valuable, as he was given access to thousands of pages of the federal governments investigatory files. Of course not. (5) Mint documents reviewed by Tripp indicate that six of the 20 coins reserved for Mint assay were tested by Assayer Quirk and reported as 5/28 satisfactory on March 29, 1933. The lower-relief version went into production in late 1907 and saw regular production at the Philadelphia Mint and its branch mints through the teens, twenties, and early 1930s. Of the three, the 1933 "Double Eagle" stole the show, becoming the world's most valuable coin by selling for a whopping $18.9 million. Only one surviving specimen was ever monetized and made legal to own, yet an uncertain number of. This is the third of five 1933 double eagles on our list that Macallister admitted to agents that he had handled but it is the second one chronologically. It was melted down in August of that year. There was nothing illegal about this. Sign up for the American Mint emails and be the first to receive the latest deals on genuine U.S. currency and exclusive American Mint commemoratives. Barnard surrendered and the coin was handed over to the Secret Service by the Clerk of the Memphis District Court. The proceeds of the sale were split 50/50, with half going to Fenton and the other half going to the U.S. Mints Public Enterprise Fund. Clarke, like Boyd and Bell, was one of three 1933 double eagle owners that United States Secret Service Agents Harry Strang and James Haley were tipped off about during theirMarch 24, 1944 interview with New York jeweler Max Berenstein. Not Sell or Share My Personal Information, A massive replica of the coin that sold for a record $7,590,000, Considered by many to be the most beautiful coin ever created by the U.S. Mint, Expands Augustus Saint-Gaudens' unforgettable design to twice the original size. The only legal-to-own 1933 double eagle has been locked up in a collection since 2002. Think of it as a version of the 1927-D double eagle but with a notorious backstory. Shipped with USPS First Class. According to Liedman, among Naftzgers gold coin holdings was a 1933 double eagle. Numismatist Fred Baldwin prepared the catalog. Although the matter was the subject of much discussion in numismatic circles in New York, its possible that word had not yet made its way down to Baltimore.