The 1933 $20 Saint Gaudens Gold twin Eagle is among the many famous and most an useful of all united state coins. It has a unique history related come the good Depression and even significant legal disputes today. 445500 of these coins were actually produced in 1933 - however none that them went into circulation.During the height of the an excellent Depression: chairman Franklin D. Roosevelt signed executive Order 6102 which called for the confiscation of gold to the commonwealth Reserve - which outlawed circulation and also private possession of us gold coins through the exemption of collectible gold coins. The 1933 twin eagle gold coins were struck after the executive order was signed. Because gold coins to be no much longer legal soft - nearly all of them to be melted down. Just 2 coins were deliberately saved by the united state Mint and presented to the US national Numismatic collection at the Smithsonian Institute. Yet - these space not the just 1933 twin eagles to survive.About 20 of these coins were stolen from the united state Mint before the remainder were melted. These coins obtained into the hands of collectors through Israel Swift who was a Philadelphia jeweler (who later on admitted marketing the coins however couldn"t remember just how he acquired them). These coins traded hands in between collectors because that years prior to the an enig Service became mindful of these coins showing up at a Stack"s Bowers auction. The first investigation was released in march of 1944. 7 coins to be recovered that very same year along with one in 1945 and finally a complete of 10 coins were recovered through 1952 - every one of these were damaged by the united state Mint.One coin was acquired by King Farouk of Egypt. The purchased the coin in 1944 and also applied come the us Treasury Department for an export patent for this coin - i m sorry was incorrectly approved just days before the united state Mint theft to be discovered. The Treasury Department supplied diplomatic channels and also attempted to recuperate the coin - yet was not successful during civilization War II. In 1952 the King to be deposed in a coup d"etat and also his possessions went as much as public auction - including the 1933 $20 Saint Gaudens twin eagle. The us again requested that the coin be returned and also Egypt did agree - yet the coin mysteriously disappeared and also wouldn"t be watched again because that over 40 years.In 1996 - a brother coin dealer Stephen Fenton was arrested in a sting operation by the an enig Service. He later admitted that this was the King Farouk coin and the charges to be dropped. He tried to safeguard the property of the coin in court. In 2001 - the case was resolved and it was agreed the the property of the coin would certainly be reverted ago to the US federal government - and then the coin could be legally offered at auction. The federal government issued a file to officially and formally "issue and also monetize" the coin together legal tender again. This coin to be actually held in a treasury vault in the people Trade facility until July 2001 as soon as the situation was worked out - only two months prior to the buildings were destroyed. The coin was held at ft Knox after ~ July. Top top July 30 that 2002: the coin was sold at a rapid 9 minute-long Sotheby"s auction because that $6.6 Million to add a 15% buyers premium and also $20 to "monetize" the coin so it would end up being legal tender - a total cost the $7590020.00. Half of the bid to add $20 visited the united state Treasury and also the other fifty percent went to Stephen Fenton. As result of this details coin"s rich background - the is possibly the solitary most an useful US coin ever.In 2005: 10 more coins to be recovered indigenous the family members of Israel Swift - who initially sold the very first 10 coins ago in the 1930s and also 1940s. Joan Swift Langbord voluntarily surrendered the coins to the an enig Service and the coins were authenticated. This situation went come trial in 2011 and also a jury unanimously ruled in favor of the US government retaining ownership of this 10 coins. Technically these coins cannot be legally own by any member of the public - v the exemption of the solitary King Farouk item sold in 2002. There is an discussion that the coins may have actually been obtained legally by exchanging gold bullion because that coins in ~ a 3-week window between in march 15 and April 15 of 1933 once Roosevelt"s executive order was still gift finalized - also though the coins were never issued come the public. In April of 2015 - a united state Federal Appeals Court ordered the the coins be went back to Langbord due to the fact that they were seized improperly - but the order was reversed in July. As of October 2015 - the third Circuit Court of Appeals quiet hearing arguments and also a final decision is expected at some time in spring of 2016 on whether Landbord will have the ability to keep the ten 1933 $20 twin eagles.
You are watching: 1933 20 dollar gold coin copy value
See more: What Is The Climate Of The Eastern Woodlands ? What Is The Climate Of The Eastern Woodlands
The Melt value shown listed below is how valuable the Coin"s steel is worth (bare minimum value of coin). Click here to watch the Melt worth of every us Coin. MELT VALUE: $1732.91