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1944 Gold Coin Treasury Memorandum (& other cool stuff)
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<p>[QUOTE="GoldFinger1969, post: 26760989, member: 73489"]I thought this memorandum was fascinating. It's from the Treasury Dept. concerning Secret Service activity in the NYC area with respect to dealers selling gold coins during the war.</p><p><br /></p><p>The Secret Service wanted guidance on what they should do since even during the war (1944) lots of NYC dealers were selling gold coins en masse. Treasury came back with guidance which amounted to:<b><i> if the buyers pay a premium, it's de facto a numismatic coin and it's exempt. </i></b></p><p><br /></p><p>The only restriction was on <b><span style="color: #4d4dff">$2.50 Quarter-Eagles where they limited it to 4 coins</span></b> for each mint/year (apparently realizing the cheapest coin was where hoarders among the public would most likely target).</p><p><br /></p><p><b>Thanks to Roger Burdette for uncovering this fascinating memo and letting me post it.</b></p><p><br /></p><p><br /></p><p>[ATTACH=full]1708769[/ATTACH] </p><p><br /></p><p>[ATTACH=full]1708770[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 26760989, member: 73489"]I thought this memorandum was fascinating. It's from the Treasury Dept. concerning Secret Service activity in the NYC area with respect to dealers selling gold coins during the war. The Secret Service wanted guidance on what they should do since even during the war (1944) lots of NYC dealers were selling gold coins en masse. Treasury came back with guidance which amounted to:[B][I] if the buyers pay a premium, it's de facto a numismatic coin and it's exempt. [/I][/B] The only restriction was on [B][COLOR=#4d4dff]$2.50 Quarter-Eagles where they limited it to 4 coins[/COLOR][/B] for each mint/year (apparently realizing the cheapest coin was where hoarders among the public would most likely target). [B]Thanks to Roger Burdette for uncovering this fascinating memo and letting me post it.[/B] [ATTACH=full]1708769[/ATTACH] [ATTACH=full]1708770[/ATTACH][/QUOTE]
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1944 Gold Coin Treasury Memorandum (& other cool stuff)
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