1964-D Peace Dollar $10,000.00 Reward

We Pgcs Did Put a Bounty on the 1st Real 1 to be graded by Pcgs. But How are they going to Keep the Secret Service From taking it?? that my $10,000.00 Question???
Here the Coin World Public link to info with no copy write That can affect Cointalk .:devil:

http://www.coinworld.com/Articles/ViewArticle/pcgs-offers-reward-for-1964-d-peace-dollar


1 More Item there A New American Token Group on Cointalk Please Join if you like American Tokens.Open to anyone
here the link
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http://www.cointalk.com/groups/116/

 

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How is this "one of the most important coins of the 20th century" ??

 

What other coins are you speaking of? I'm trying to think of other graded illegal coins and I can't think of any. I know the 1913 V nickels were not minted with government sanction, but the secret service seems to not care about those. The only others I can think of is the one aluminum cent (which I believe the one graded example is legal) and the one legal 1933 $20 gold. Were other 1933 double eagles graded prior to being seized?

 

Every single pattern coin out there.....and there are hundreds of them.

 

I didn't realize those were considered illegal to own. Why is that? I have never heard of one of them being seized.

 

well gold was illegle once but that was a long time ago

 

Oh dear. Angelo's in trouble........You should have endeavored to remain silent dear fellow. Now the Feds are on to ya......:devil:

 

"The 1964-D Peace dollars were struck from May 13 to 24, 1965"

why are they dated 64 if struck in 65

 

I always thought that pattern coins were "technically" illegal to own, but "overlooked" by the SS just like the 1913 V Nickel has been. Please correct me if I am wrong as I would like to know.

 

Maybe the "Retention of 1964 on All Coins Act" that was pasted on Sept 3, 1964.:devil:

 

so if it was made in 65 would that make it 40% or the same

 

Short answer, no.

The "Retention of 1964 on All Coin Act" passed in Sept 1964 authorized the US Mints to continue production of all coins beyond 1964 using the present metal content.

On July 23, 1965, the “Coinage Act of 1965” was signed into law, some of the things it allowed was the removal of silver from the dime and quarter dollar, reduced the silver content of the half dollar to 40%, re-opens the San Francisco facility as a coinage production facility, allows the continuation of striking 90% silver coins dated 1964, suspends the use of mint marks or other distinguishing marks on coinage and banned the production of silver dollars for a five year period.

EDIT TO ADD: The 1964-D Peace Dollars were made after the "Retention of 1964 on All Coin Act" but before the “Coinage Act of 1965”

 

did not know that about mintmarks why then did they still use the mint marks

 

I don't understand the question, coinage dated 1965 - 1967 did not carry mint marks.

 

Well after a little "office" reading, I found where my statement is incorrect. According to this nice write up in the red book under the pattern section, it explains that although their legal ownership remained questionable, a 1910 seizure of patterns from the John Haseltine collection brought a lawsuit against the US govt. that successfully used the mint's pre 1887 policy for owning pattern coins as an arguement for legal ownership. According to this write-up in the Red Book, pattern coins can now be legally held.

 

wow i did not know this i thaught they were all philly thanks

 

If you want a little light office reading, you might try the "Coinage Act of 1965" which has a section (102): "All coins and currencies of the United States…., regardless of when coined or issued, shall be legal tender for all debts public and private, public charges, taxes, duties and dues." I'm not sure why Patterns made before the act becomeing law wouldn't apply?

EDIT TO ADD: For that matter, why wouldn't ownership of a 1964-D Peace dollar fall under the "Coinage Act of 1965"?

 

...they are/were all minted in Philly (I think), just coins minted in Philly do not carry a mint mark :smile