Why This Coin is Illegal to Own

A video on YouTube. In Explainers, a Krater category.

Summary by Krater

This video details the history of the 1933 Double Eagle gold coin, its illegal status after the Gold Standard was abandoned, and the complex legal battles surrounding the few surviving examples.

From the video

Answers: What is the story of the 1933 Double Eagle gold coin and why is it so rare and valuable?

1933 Double Eagle gold coin history
Executive Order 6102
United States gold standard
Numismatic coin collecting
US Secret Service investigations

What it concludes

Executive Order 6102 forbade the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.
Ownership of 1933 Double Eagle coins is illegal because all but two were supposed to be melted down in 1933.
In 1944, the US Secret Service tracked down seven coins, which were melted down by US Mint cashiers and Philadelphia jewelry dealers.
In 2005, ten additional 1933 Double Eagle coins were found in possession of Israel Switt's family and placed in a vault at Fort Knox.
A 1933 Double Eagle coin sold to an anonymous buyer at Sotheby's for 7.59 million dollars.

Rate it, review it and add it to your lists in Krater.

Titles and thumbnails from YouTube. Krater isn't affiliated with, endorsed by or sponsored by YouTube or Google.