United States Mint Recovers 10 1933 Double Eagles.

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In a significant development, the United States Mint has successfully reclaimed ten renowned 1933 Double Eagle gold coins, which had been unlawfully removed from the United States Mint in Philadelphia more than seven decades ago.

“These Double Eagles were never lawfully issued, but instead, were taken from the United States Mint at Philadelphia in an unlawful manner more than 70 years ago . They are, and always have been, public property belonging to the United States. We are pleased that these 10 Double Eagles have been recovered.”

United States Mint Acting Director David Lebryk.

To guarantee their secure safekeeping, the recovered 1933 Double Eagles will be safeguarded at the United States Bullion Depository located at Fort Knox. The United States Department of the Treasury has no plans to monetize, distribute, or auction these historical treasures. Instead, the United States Mint will assess how best to utilize these significant artifacts, which may involve public exhibitions to educate the American populace.

Assisted by the U.S. Secret Service and the Department of Justice, the United States Mint recovered these ten gold pieces in Philadelphia in September 2004, following contact from an attorney whose client purportedly held the Double Eagles. The authenticity of the gold pieces was subsequently confirmed by the United States Mint in collaboration with the Smithsonian Institution on June 21, 2005. These pieces were indeed genuine 1933 gold Double Eagles, produced at the United States Mint in Philadelphia in 1933, although they were never officially circulated as legal tender.

Nine of these 20 Double Eagles were either seized by or voluntarily relinquished to the U.S. Secret Service during the 1940s and 1950s before being subsequently returned to the United States Mint, where they met their fate in destruction.

This 1933 would be the last on sale.

In an intriguing turn of events, one 1933 Double Eagle surfaced in 1996 and was apprehended by the U.S. Secret Service. Following a legal settlement, the gold coin was returned to the United States Mint and, in 2002, was put up for auction in New York City, ultimately fetching a remarkable $7 million.

The 2002 auction was the result of a legal settlement. At the time, the United States Mint declared that it would not monetize or sell future 1933 Double Eagles that might be recovered,. We do not intend to monetize, issue, or auction the recovered Double Eagles.”

United States Mint Acting Director David Lebryk.

Approximately 445,500 Double Eagle gold coins were produced in 1933. Nevertheless, President Franklin Roosevelt’s decision to take the United States off the gold standard as part of efforts to revitalize the American economy during the Great Depression meant that none of these Double Eagles ever officially entered circulation. In fact, nearly all but two of the 1933 Double Eagles were slated for destruction. Those two exceptions, transferred to the Smithsonian Institution, were joined by an additional 20 specimens that were stolen from the United States Mint in Philadelphia, which have now been recovered.

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