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What's to Be Done With 1933 Gold?
July 21, 2011



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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Recent Comments
On July 22, 2011 Edward Meyers said
It is unbelievable that the 1913 V nickels are legal but not the 1933 $20 gold.

The decision should be appealed.  The daughter did nothing wrong - are we back to the "sins of the father"?

The fact that the case even went to court shows the length to which our "government" will go to squeeze every nickel out of the average man while providing Exxon/Mobile with billions.

What a joke Congress, the President and the Federal courts really are.
On July 22, 2011 Gary Lawson said
If the goverment does sell these coins that they seized from the Langbord family it will turn this whole thing into a joke. The Langbord family should then sue for a large finders fee, at least 50% of the selling price

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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