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.
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?
On July 22, 2011 Edward Meyers
On July 22, 2011 Gary Lawson
Something to add? Notice an error? Comment on this blog.
About the Author