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Langbord case: What are those 1933 Saint-Gaudens double eagles worth?
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<p>[QUOTE="Conder101, post: 2134031, member: 66"]No because there was an exception in the order. They could hold gold coins considered to be "rare or unusual". And what did that mean? Rare and unusual was defined to mean any gold coin made before I believe April 5, 1933. (Except you couldn't have more that four quarter eagles of the same date and mint. Don't ask me why that weird restriction was in there.) Which actually meant that the people could have actually held onto just about all of their gold coins.</p><p><br /></p><p>The exception was not in the original draft of the order. it was added through the influence of the Sec of the Treasury, William Woodin. He was a good friend of Roosevelt, and a coin collector who happened to collect gold coins. The exception was put in so his buddy could keep his collection and add to it.</p><p><br /></p><p><br /></p><p><br /></p><p>As far as I know no assets were ever seized from any safe deposit boxes. People could not access them during the bank holiday, but even for those banks that closed the people got their box contents back. (The contents were not assets of the bank.)</p><p><br /></p><p><br /></p><p><br /></p><p>He obtained at least 20 (General consensus among collectors and dealers in the early 1970's was that he had 25.) The nine coins the government rounded up in the mid 1940's and the Farouk coin all traced back to Izzy as well. So there are those ten, and the ten Lanbord coins. Plus it is a picture from 1980 of one that does not match any of the previous ones. Also there is some question as to whether the Fenton coin really is the Farouk coin. A couple people who were at the 1954 Farouk sale have said it is not the same coin that was in the sale.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 2134031, member: 66"]No because there was an exception in the order. They could hold gold coins considered to be "rare or unusual". And what did that mean? Rare and unusual was defined to mean any gold coin made before I believe April 5, 1933. (Except you couldn't have more that four quarter eagles of the same date and mint. Don't ask me why that weird restriction was in there.) Which actually meant that the people could have actually held onto just about all of their gold coins. The exception was not in the original draft of the order. it was added through the influence of the Sec of the Treasury, William Woodin. He was a good friend of Roosevelt, and a coin collector who happened to collect gold coins. The exception was put in so his buddy could keep his collection and add to it. As far as I know no assets were ever seized from any safe deposit boxes. People could not access them during the bank holiday, but even for those banks that closed the people got their box contents back. (The contents were not assets of the bank.) He obtained at least 20 (General consensus among collectors and dealers in the early 1970's was that he had 25.) The nine coins the government rounded up in the mid 1940's and the Farouk coin all traced back to Izzy as well. So there are those ten, and the ten Lanbord coins. Plus it is a picture from 1980 of one that does not match any of the previous ones. Also there is some question as to whether the Fenton coin really is the Farouk coin. A couple people who were at the 1954 Farouk sale have said it is not the same coin that was in the sale.[/QUOTE]
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Langbord case: What are those 1933 Saint-Gaudens double eagles worth?
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