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<p>[QUOTE="Conder101, post: 1977697, member: 66"]You were allowed to keep up to $100 worth of non-coin gold. US coins deemed "rare and unusual" could be kept in any amount except for quarter eagles which were limited to not more than four pieces of the same date and mintmark. All US gold coins struck before April 5th 1933 were deemed to be "rare and unusual". So all US gold coins were permissible to keep.</p><p><br /></p><p>The problem is most people didn't know or bother to learn that they could keep them so they were good little citizens and rounded up their gold coins and marched them right down to the bank to turn them in. Years latter when people would receive gold coins handed down to them they often thought they were illegal to own. Half and quarter eagles would often get slipped into rolls of nickels or dimes , and eagles into half dollar rolls in order to get rid of them "without getting caught". I knew a gentleman who have vending machines back in the 60's and he said he would often get half eagles used in the machines for nickels. People thought they were getting something and getting rid of an "illegal" coin at the same time.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1977697, member: 66"]You were allowed to keep up to $100 worth of non-coin gold. US coins deemed "rare and unusual" could be kept in any amount except for quarter eagles which were limited to not more than four pieces of the same date and mintmark. All US gold coins struck before April 5th 1933 were deemed to be "rare and unusual". So all US gold coins were permissible to keep. The problem is most people didn't know or bother to learn that they could keep them so they were good little citizens and rounded up their gold coins and marched them right down to the bank to turn them in. Years latter when people would receive gold coins handed down to them they often thought they were illegal to own. Half and quarter eagles would often get slipped into rolls of nickels or dimes , and eagles into half dollar rolls in order to get rid of them "without getting caught". I knew a gentleman who have vending machines back in the 60's and he said he would often get half eagles used in the machines for nickels. People thought they were getting something and getting rid of an "illegal" coin at the same time.[/QUOTE]
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