Bob Hope, Barbara Stanywick, and lots of other high-earners (male and female) had to have the shelters. Otherwise, they'd keep maybe 20% tops of...
My collection is about 140 coins, too. I thought it was larger -- closer to 200 or so -- but give or take a few coins, it's 140, tops.
I would probably put alot of the $$$ into fewer higher-quality coins. I might even stretch for an MCMVII High Relief Saint. :D
Gold was the means -- or was BELIEVED to be the means -- by which you increase the money supply. If people hoarded gold...the money supply...
Yes, there you had the equivalent of the numismatic exemption at play....family heirlooms and sentimental gifts. I don't recall anything saying...
Different time, different era. We were ON a gold standard then....whereas today we are not. :p Gold holdings by most Americans were tiny 95...
This Treasury Memorandum is only of interest in the context of the gold prohibitions by FDR a decade earlier. For now.....gold's legality is...
When you read the history books, it seems like Bretton Woods was on autopilot from 1944 to 1971. In fact, there were speedbumps in virtually...
These are NY Times articles. Like this one from 65 years ago, January 14, 1961: [ATTACH]
Louis Eliasberg was quoted by friends and those in the busness as saying he got into numismatic gold as a way to hold gold coins above and beyond...
Thanks. Credit to RWB. BTW, I had uploaded Page 1 twice...it's now fixed. :D 2-page memo. I think this Memo is just pertinent to the loopholes...
We can talk about it in the 1944 Thread since this thread is mostly focused on premiums on common Saints/Liberty Heads in particular, and gold...
See the 1944 Treasury Dept. Memo to the NYC Secret Service in the Coin Chat Thread. :cigar:
GDJMSP had some shots of a coin a few years ago....the lighting or the angle was changed and the coin looked 100% different. It was shocking....
I thought this memorandum was fascinating. It's from the Treasury Dept. concerning Secret Service activity in the NYC area with respect to dealers...
I have some interesting stuff on EO 6102 and the whole enforcement/confiscation angle involving gold, FDR, etc. Will either create a new Thread...
Today that same coin will cost you spot gold at a minimum and probably $150 premium on top.
Nah, I like the give and take. Don't take it too seriously. :D Good observations....with Eagles, you are talking about sub-1 ounce fractionals...
Retail must be buying gold and silver the last few years otherwise I don't think we'd all be seing all those TV commericals plugging them this...
Very few paid those tax rates, though, esp. with all the deductions. The biggest users of tax shelters ? Not businessmen...not Wall Street...
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