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What’s to be done with 1933 gold?

The government has won. The court says it can keep the 10 1933 $20 gold pieces that it seized from the Langbord family.

Now what?

I suppose the decision can be appealed.

That said, I don’t think it is premature to suggest that the government sell the 10 coins once their legal status is unquestionably settled.

The federal government is in dire need of cash. What better way to raise some cash than to sell 10 highly desirable coins into the collector marketplace?

What would they be worth?

Good question. The Farouk specimen brought $7.59 million  in 2002.

It is unlikely that any of the coins would attract that kind of money.

However, there is no shortage of buyers when one of the 15 1804 dollars comes on the market.

Prices are in multiple millions of dollars.

Why not assign an average price of $3 million to each of the $20s and estimate the government would garner $30 million?

In these tough times, the government would look smart.

Is that enough of an incentive?

What does your experience and instinct about our government tell you?

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2 Responses to What’s to be done with 1933 gold?

  1. shoebox911 says:

    They tell me that the government will donate at least one if not all ten of the coins to the Smithsonian so all Americans get a chance to see them. Why should just a handful of collectors have that pleasure?

  2. dwatson says:

    I concur that some should go to the Smithsonian, National Archives, and ANA for educational purposes. I still would like to know how these coins got out of the Mint.

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