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<p>[QUOTE=&quot;kaparthy, post: 7652584, member: 57463&quot;]It did not apply to numismatists.</p><p>Pres. Roosvelt&#039;s first Secretary of the Treasury was William H. Woodin, author of <i>The United States Pattern: Trial and Experimental Pieces</i> (1913). The exception to the exception limited the number of quarter eagles ($2.50) in your collection. No other limits were imposed on pre-1933 gold coins.</p><p><br /></p><p>Even ordinary people were allowed to hold on to $100 in gold coin, about three month&#039;s wages for the average worker. The Thomas Elder catalog of April 14-15, 1933, carried a letter from William H. Woodin assuring collectors that they could own gold coins -- both rare examples and souvenirs .Moreover, <i>Numismatic Scrapbook</i> magazine, founded 1935, gave the spot prices for gold and silver every issue.</p><p><br /></p><p>There were some egregious exceptions.</p><p><br /></p><p>However, in 1954, the Federal Reserve Bank of Cleveland sent a letter to its members telling them not accept gold coins from depositors, but to direct people to take their gold coins to coin dealers.[/QUOTE]</p><p><br /></p>

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