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3 - 1933 Double Eagles on Display at Philly
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<p>[QUOTE="GoldFinger1969, post: 4285285, member: 73489"]What I can't figure out, what I don't see from the trial articles (I'm not sure even the transcripts would help) is...</p><p><br /></p><p>(1) <i>Why does the Mint keep saying the coins were "stolen" if the gold books were in balance ?</i></p><p><br /></p><p>(2) <i>Was there any outright prohibition against a coin-for-coin exchange taking place in 1937 as David Tripp alledges that George McGann did to get the coins before giving them to Switt ?</i> In this case as well, if McGann took any coins, the gold books were in balance anyway.</p><p><br /></p><p>(3) <i>What constituted an "official release" of coins ?</i> I keep reading that the 1933 DE's were never officially released. Did the Mint Director get a telegram from the Treasury saying that the coins were good-to-go ? Was there a release date, like April 10th ? April 15th ? It's not like there was going to be a rush among the public, it's more a question of when they wanted the new coins to be used in banking and international commerce.</p><p><br /></p><p>I don't recall reading about any official release date procedure in any book including Burdette's <i><b>From Mine To Mint </b></i>so maybe someone here might know.</p><p><br /></p><p>Izzy wouuld go to the Mint pretty much daily bringing scrap metals and scrap gold. Plus the coin-for-coin exchanges.</p><p><br /></p><p>When new coins came out I read that <span style="color: #00b300"><b>$20 Saint-Gaudens would trade for $25-$35</b> </span>from wealthy collectors who didn't want to wait on line or go to the Mint themselves. Esp. NYC collectors who had to travel down to Philly -- they gladly paid up.</p><p><br /></p><p>Yup, I remember reading that some woman Mint Director was aware of the 1933's trading and never moved on them. Only when the Nazis were pretty much gone from espionage on our shores did they start going after them in 1944.</p><p><br /></p><p>JM, my understanding is that the ledgers show that four $10 1933 Eagles are listed for coin-for-coin exchange...but there are another 30 that are available....ergo, <b>not all coins had to show up on the ledger for a coin-for-coin to be considered legit.</b></p><p><br /></p><p>HOWEVER....my understanding (and I know even less about release policy for $10 Eagles than release policy for $20 Double Eagles) is that the $10 Eagles were all OK for release...that their "official release" may have been very early in March 1933 and this is why the Feds and Mint have never gone after any of the 1933 $10 Eagles, including those not listed in the ledger/record books.</p><p><br /></p><p><u>The $10 Eagles may have all been produced in early-March 1933 whereas the $20 Saint-Gaudens Double Eagles were produced in mid-March through April and possibly even into May</u> (I've read conflicting reports, but at a minimum the production lasted past FDR's EO 6102 on April 5th, 1933).[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4285285, member: 73489"]What I can't figure out, what I don't see from the trial articles (I'm not sure even the transcripts would help) is... (1) [I]Why does the Mint keep saying the coins were "stolen" if the gold books were in balance ?[/I] (2) [I]Was there any outright prohibition against a coin-for-coin exchange taking place in 1937 as David Tripp alledges that George McGann did to get the coins before giving them to Switt ?[/I] In this case as well, if McGann took any coins, the gold books were in balance anyway. (3) [I]What constituted an "official release" of coins ?[/I] I keep reading that the 1933 DE's were never officially released. Did the Mint Director get a telegram from the Treasury saying that the coins were good-to-go ? Was there a release date, like April 10th ? April 15th ? It's not like there was going to be a rush among the public, it's more a question of when they wanted the new coins to be used in banking and international commerce. I don't recall reading about any official release date procedure in any book including Burdette's [I][B]From Mine To Mint [/B][/I]so maybe someone here might know. Izzy wouuld go to the Mint pretty much daily bringing scrap metals and scrap gold. Plus the coin-for-coin exchanges. When new coins came out I read that [COLOR=#00b300][B]$20 Saint-Gaudens would trade for $25-$35[/B] [/COLOR]from wealthy collectors who didn't want to wait on line or go to the Mint themselves. Esp. NYC collectors who had to travel down to Philly -- they gladly paid up. Yup, I remember reading that some woman Mint Director was aware of the 1933's trading and never moved on them. Only when the Nazis were pretty much gone from espionage on our shores did they start going after them in 1944. JM, my understanding is that the ledgers show that four $10 1933 Eagles are listed for coin-for-coin exchange...but there are another 30 that are available....ergo, [B]not all coins had to show up on the ledger for a coin-for-coin to be considered legit.[/B] HOWEVER....my understanding (and I know even less about release policy for $10 Eagles than release policy for $20 Double Eagles) is that the $10 Eagles were all OK for release...that their "official release" may have been very early in March 1933 and this is why the Feds and Mint have never gone after any of the 1933 $10 Eagles, including those not listed in the ledger/record books. [U]The $10 Eagles may have all been produced in early-March 1933 whereas the $20 Saint-Gaudens Double Eagles were produced in mid-March through April and possibly even into May[/U] (I've read conflicting reports, but at a minimum the production lasted past FDR's EO 6102 on April 5th, 1933).[/QUOTE]
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3 - 1933 Double Eagles on Display at Philly
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