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Please explain pre 1933 gold coins that survived confiscation/melt
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<p>[QUOTE="TreasureSlugN1851, post: 2066418, member: 72934"]As far as I know... to the OP's question... the 1927 St Gauden wouldnt be illegal... 2 reasons.</p><p><br /></p><p>1. You would legally be able to own 5 of these or up to the $100 limit.</p><p><br /></p><p>2. Any gold coinage of specialized value was not required to be turned in... meaning. If you were building a set of them say collecting each mint mark for the year, they are valued more... making a special value on these. A loop hole if you will that the fed left in the clause because this is a kings and presidents game. Chances are MR. FDR was a coin collector!</p><p><br /></p><p>That is why there are a lot of shops pushing bullion with muscle... or certified bullion. Because it carries a special value... if the law is ever re-enacted chances are... and they could always change it... but chances are they will just re-enact the law due to this same reason. Meaning all of your bullion coins certified... wouldnt have to be turned in!</p><p><br /></p><p>That is my translation of it... then you started to see back at that time graded designations. G, F, XF, AU, MS, etc.[/QUOTE]</p><p><br /></p>
[QUOTE="TreasureSlugN1851, post: 2066418, member: 72934"]As far as I know... to the OP's question... the 1927 St Gauden wouldnt be illegal... 2 reasons. 1. You would legally be able to own 5 of these or up to the $100 limit. 2. Any gold coinage of specialized value was not required to be turned in... meaning. If you were building a set of them say collecting each mint mark for the year, they are valued more... making a special value on these. A loop hole if you will that the fed left in the clause because this is a kings and presidents game. Chances are MR. FDR was a coin collector! That is why there are a lot of shops pushing bullion with muscle... or certified bullion. Because it carries a special value... if the law is ever re-enacted chances are... and they could always change it... but chances are they will just re-enact the law due to this same reason. Meaning all of your bullion coins certified... wouldnt have to be turned in! That is my translation of it... then you started to see back at that time graded designations. G, F, XF, AU, MS, etc.[/QUOTE]
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Please explain pre 1933 gold coins that survived confiscation/melt
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