The 1933 $20 Saint Gaudens Gold dual Eagle is just one of the most famous and also most an important of all united state coins. It has actually a unique background related to the great Depression and even significant legal problems today. 445500 of these coins were actually developed in 1933 - however none of them got in circulation.During the height of the good Depression: chairman Franklin D. Roosevelt signed executive Order 6102 which referred to as for the confiscation of gold to the commonwealth Reserve - i beg your pardon outlawed circulation and private possession of us gold coins through the exception of collectible yellow coins. The 1933 double eagle gold coins were struck ~ the executive order to be signed. Since gold coins to be no much longer legal tender - nearly all of them were melted down. Only 2 coins were purposely saved by the us Mint and presented come the US nationwide Numismatic collection at the Smithsonian Institute. Yet - these room not the just 1933 dual eagles come survive.About 20 of these coins were stolen indigenous the united state Mint before the rest were melted. These coins obtained into the hands of collectors v Israel Swift who was a Philadelphia jeweler (who later admitted offering the coins however couldn"t remember just how he obtained them). This coins traded hands between collectors for years prior to the mystery Service became aware of these coins showing up at a Stack"s Bowers auction. The very first investigation was launched in march of 1944. 7 coins were recovered that same year together with one in 1945 and finally a complete of 10 coins were recovered by 1952 - all of these were ruined by the united state Mint.One coin was acquired by King Farouk the Egypt. That purchased the coin in 1944 and also applied come the us Treasury Department for an export patent for this coin - i beg your pardon was wrongly approved just days before the united state Mint theft was discovered. The Treasury Department provided diplomatic channels and also attempted to recuperate the coin - however was unsuccessful during human being War II. In 1952 the King was deposed in a coup d"etat and also his possessions went as much as public auction - including the 1933 $20 Saint Gaudens dual eagle. The united state again requested that the coin it is in returned and Egypt did agree - however the coin mysteriously disappeared and also wouldn"t be watched again for over 40 years.In 1996 - a brothers coin dealer Stephen Fenton to be arrested in a sting procedure by the an enig Service. He later on admitted the this was the King Farouk coin and also the charges to be dropped. That tried to defend the property of the coin in court. In 2001 - the case was resolved and it was agreed that the property of the coin would be reverted back to the US government - and then the coin might be legally sold at auction. The government issued a paper to officially and formally "issue and monetize" the coin as legal tender again. This coin to be actually organized in a treasury vault in the civilization Trade facility until July 2001 once the situation was worked out - just two months before the buildings were destroyed. The coin was hosted at fort Knox ~ July. Top top July 30 of 2002: the coin was offered at a rapid 9 minute-long Sotheby"s auction because that $6.6 Million add to a 15% buyers premium and also $20 come "monetize" the coin so the would become legal tender - a full cost of $7590020.00. Half of the bid to add $20 went to the us Treasury and the other fifty percent went to Stephen Fenton. Due to this particular coin"s rich background - that is maybe the single most valuable US coin ever.In 2005: 10 more coins were recovered indigenous the family of Israel Swift - who originally sold the an initial 10 coins back in the 1930s and also 1940s. Joan Swift Langbord voluntarily surrendered the coins come the mystery Service and the coins were authenticated. This instance went to trial in 2011 and also a jury unanimously ruled in favor of the US government retaining ownership of these 10 coins. Technically this coins cannot be legally possessed by any member of the public - through the exception of the solitary King Farouk item sold in 2002. Over there is an dispute that the coins may have actually been derived legally by trading gold bullion for coins within a 3-week window between march 15 and also April 15 the 1933 once Roosevelt"s executive, management order was still being finalized - also though the coins were never issued come the public. In April the 2015 - a us Federal Appeals Court ordered that the coins be returned to Langbord since they to be seized improperly - but the order was reversed in July. Together of October 2015 - the third Circuit Court the Appeals quiet hearing arguments and also a last decision is expected sometime in feather of 2016 on even if it is Landbord will have the ability to keep the ten 1933 $20 dual eagles.
You are watching: 1933 gold double eagle proof copy value
See more: H2O Just Add Water What Happened To Emma, H2O: Just Add Water (Tv Series 2006
The Melt worth shown listed below is how an useful the Coin"s steel is precious (bare minimum value of coin). Click here to watch the Melt value of every united state Coin. MELT VALUE: $1771.45