? Makes No sense to me

The whole thing just doesn't make sense...
If the coins were stolen, who stole them? And why didn't that one person have them all? How did the secret service obtain these pieces, once they were stolen?
And, I still don't understand why it matters today, there are bigger fish to fry for the US government, than worry about some gold coins, that are of no use to them, today
So they find another 33' gaudens, what happens then, they just take it, or pry it, from an unwilling collector, or finder of that coin... I for one, don't think that is right, but I guess it is "stolen" property...
So I'm guessing finding a 1933 gaudens, wouldn't be that lucky of a find would it, unless you hid it forever, but then you'd be breaking the law

 

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The term '1933 Gaudens' is misleading. St Gaudens designed both the Eagle and Double Eagle. The 1933 Eagle is legal to own but the 1933 Double Eagle is not (with one exception).

And what exactly does "stolen" mean in regards to the 1933 Double Eagles? Does it mean the coins were stolen outright OR does it mean someone in the Mint took a few 1933 Double Eagles and replaced them with Double Eagles of other dates (so the total figures for coins melted matched the number minted)? My guess is the latter. I doubt the Mint employees tasked with the job of melting the 1933 Double Eagles took the time to verify that every coin they melted was a 1933. Surely a few non-1933s slipped past them.

Why is the Secret Service so interested in the 1933 Double Eagle but not the 1913 Liberty Nickel? The 5 known examples of the 1913 Liberty Nickel were minted illegally whereas the 1933 Double Eagles were legally minted but not released.

Which leads me to wonder how many 1964-D Peace Dollars are hidden away.

 

Would the mint own the 64D peace dollars, as well, or do you believe people are not coming clean about owning them...

 

I don't know what you mean by the Mint owning the '64-D Peace Dollars. The Mint melted the entire mintage of '64-D Peace Dollars so they don't "own" any. Certainly some (maybe a LOT) of '64-D Peace Dollars made it out of the Mint but are currently illegal to own.

Are you asking if someone came forward and said, "Here is a 1964-D Peace Dollar." would the Mint claim ownership? The answer to that question is, "No." But the US Government would claim ownership (based on how they treat the 1933 Double Eagles that were never released).

 

Okay, makes a little more sense...
So the 64D peace dollar, would be treated same as a 33' gaudens, or any other coin that is not actually released...
Wonder how many 64 D peace dollars made it out, alive...

 

There you go again. I think you mean a '33 Double Eagle (just to make things perfectly clear). Kiss

 

Boy love splitting hairs don't ya?
33' DOUBLE EAGLE :thumb:

 

The title of this thread is ? Makes No sense to me. As in the deterioration of this thread ? Makes No sense to me.

 

Well we covered the V Nickel question, then we moved to gaudens and peace dollars...
Whoops my bad.. 33' DOUBLE EAGLES

 

you say "moved on". Others might say "highjacked".

 

LOL!!! All my fault! My bad

 

Because the without cents coin was new, novel design, issued first, with the fanfare of a quickly-changed design and saved in great numbers. It is commonly available in MS grades even today. Think hundreds of thousands of examples.

The 1883 with cents nickel was not commonly saved -- it was nothing special. It circulated and was discarded over time. As a result it is the far rarer coin perhaps a few thousand examples.

While in most cases you would argue that a coin's value is 90% demand, in this case the vast quantity of available NO CENTS nickel causes a glut on the market and the coin can be had for a very low price.

Hope this helps...Mike

 

Leadfoot has it. It's what I call the "IT'S GOING TO BE RECALLED!!" rumour. Every time a coin or piece of paper money comes out and there is something odd about it and the design is changed etc etc etc, the "story" quickly starts spreading that they are going to be recalled and they will be rare. So everyone starts hoard them. In the case of the 1883 no cent everyone gathered up and hoarded the no cent coins but since the with cent coins weren't the ones that were going to be recalled they were spent again and again until they wore out, were lost, or eventually redeemed at the banks after they became too worn. So the no cents survived in large numbers and in high grades while the with cents did not survive. This makes them scarce today and higher priced.

 

That makes a lot of sense Conder.

 

Glad this thread got back on track!
Goldstone, did all this answer your question

 

Haha yeah thanks, and the part about the $20.00 gold piece was interesting too, I knew it was the most expensive coin, but I didn't know why THANKS!!