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Langbord-Switt 1933 Double Eagle Case
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<p>[QUOTE="Paddy54, post: 2483590, member: 19250"]Another point of this matter is this......</p><p>My father had access to buying gold as he was working at the Federal Reserve at this time.</p><p>However the middle class at this time couldn't afford to buy such. Even at the price of gold in 1933 dollars the common man or woman couldn't afford such a luxury .</p><p>My dad always told me people turned in their gold as it was weighted . They kept their gold if they had any in a silk purse. The reason being coins rubbing together could mean loss of money. When a person came into the Federal Reserve their gold was weighted if it weighted correctly they got the amount on the coin. However if a $5 gold piece was weighted and it didn't weight they got the amount it weighted. So a $5 coin may only net $4.67 .</p><p>In today's money many may think 33 cents what the heck.</p><p>Well .33 cents went a long way in the 30's! </p><p>So the everyday person didn't own gold. Most lived a modest life style. Only those whom were wealthy could afford such.[/QUOTE]</p><p><br /></p>
[QUOTE="Paddy54, post: 2483590, member: 19250"]Another point of this matter is this...... My father had access to buying gold as he was working at the Federal Reserve at this time. However the middle class at this time couldn't afford to buy such. Even at the price of gold in 1933 dollars the common man or woman couldn't afford such a luxury . My dad always told me people turned in their gold as it was weighted . They kept their gold if they had any in a silk purse. The reason being coins rubbing together could mean loss of money. When a person came into the Federal Reserve their gold was weighted if it weighted correctly they got the amount on the coin. However if a $5 gold piece was weighted and it didn't weight they got the amount it weighted. So a $5 coin may only net $4.67 . In today's money many may think 33 cents what the heck. Well .33 cents went a long way in the 30's! So the everyday person didn't own gold. Most lived a modest life style. Only those whom were wealthy could afford such.[/QUOTE]
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