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<p>[QUOTE=&quot;Finn235, post: 3532683, member: 98035&quot;]The executive order specifically exempted &quot;collectible&quot; gold coins, the end goal being to prevent the destruction of valuable historical coins while also not spurring collectors to take up arms against being paid &quot;fair melt&quot; for coins worth many times their gold content. Even for regular circulation coins, anyone could keep 5 troy ounces, no problem, no questions asked.</p><p><br /></p><p>The feds didn&#039;t care about people who kept a few gold coins. They didn&#039;t care about coin collectors. They didn&#039;t come after people&#039;s heirloom jewelry or wedding bands. They did however come after people sitting on significant stockpiles of common circulation coins (or foreign gold), and bullion hoarders. One of the most noteworthy cases involved a man who failed to make the deadline to surrender about 5,000 ounces of gold, and had it all confiscated without compensation.</p><p><br /></p><p>There apparently was a lot of confusion, and people surrendered coins that they legally could have kept. I read a thread on another forum where someone found a $20 double eagle in a vending machine in the 50s/60s because they had probably recently inherited it, and were terrified of being sent to jail for illegal ownership of gold.</p><p><br /></p><p>Speaking of confiscations, wasn&#039;t there a case a few years ago where the feds busted up a coin show and confiscated a Greek coin off the floor to be &quot;repatriated&quot;?[/QUOTE]</p><p><br /></p>

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