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<p>[QUOTE=&quot;proofartoncircs, post: 948519, member: 25952&quot;]I have often wondered how legal my transaction was.&nbsp; I was told it was discussed by senior management at the bank.&nbsp; They decided it was O K for me to have it since I was a known coin collector. </p><p>That is true, but I am not sure a bank was allowed to turn one back.&nbsp; This was a savings bank.&nbsp; Member banks of the Federal Reserve System were required to turn them in to the Fed which turned them in to the Treasury.&nbsp; In a few years (1950&#039;s I think), the Federal Reserve finally told member banks to direct anybody turning in gold coins to their local rare coin dealer.[/QUOTE]</p><p><br /></p>

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