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Another 1933 Double Eagle Sighting Reported...

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 Posted 04/13/2015  7:31 pm  Show Profile   Bookmark this reply Add edweather to your friends list
........or in cans buried in the ground in CA, #Saddle Ridge
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 Posted 04/13/2015  7:59 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list
edweather
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 Posted 04/13/2015  8:48 pm  Show Profile   Bookmark this reply Add CoinHuntingDrew to your friends list
I never understood that can story. How the heck, does that just happen?
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 Posted 04/13/2015  11:07 pm  Show Profile   Bookmark this reply Add coinlover168 to your friends list
CoinHuntingDrew, to my knowledge, the people walked on the same path often. As paths usually do, they wear down as more people walk over it. That can of coins was buried under the trail. When they wore the trail down, the can surfaced to where they could see and take it out of the ground. I hope I worded this story different than the others you read.
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 Posted 04/21/2015  01:02 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
Quote from an Associate Director, U.S. Mint:
"If you want a coin, you can own it". (my emphasis)

To me, that means that unless the U.S. Mint can prove beyond all reasonable doubt that the 1933 Double Eagle in your possession was stolen, it belongs to the current owner.
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 Posted 11/04/2020  7:47 pm  Show Profile   Bookmark this reply Add GrapeCollects to your friends list
Westcoin dropped me this thread today, and I thought I might be able to add a bit to the story. I'll add that I know of at least 2 other 33 double eagles that exist, including the one mentioned in this interview, that exist in private hands. To whom I'm not sure, but I am aware that one changed hands a few years back. I estimate that there are 5 out there outside of government purview. As for how they are bought and sold I'm not sure, not legally which is obvious, but beyond that I can't say. I have not personally seen any such coins but can confirm their existence.


Quote:
Coin dealers can talk when drinking in the evening at big coin shows!


It's not even that, it's not exactly hush hush generally. Who they belong to is obviously not, but the fact that they exist isn't some tightly kept secret.


Quote:
To me, that means that unless the U.S. Mint can prove beyond all reasonable doubt that the 1933 Double Eagle in your possession was stolen, it belongs to the current owner.


This is the core issue. Of the two specimens I know of I know one was stolen the other I'm not sure of the origin.

I hope this added to the story one way or another.
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 Posted 11/06/2020  02:10 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
Back in the 1970's (this was before the Farouk coin resurfaced) the general consensus among dealers was that Swit had had 25 of them. At the time the only "officially" accounted for coins were the 9 the government had reclaimed and the missing Farouk coin. Since then the Farouk, 10 Lanbord coins, and the one voluntarily surrendered pice have been added. That brings it to 21. I suspect the 25 suggested in the 70's is probably correct and if so there are still 4 of them out there.

I don't believe the Naftzger coin mentioned in Leidman's story is the one that was voluntarily surrendered, and it is probably still in private hands. If so that would be number 22, 3 to go.
Edited by Conder101
11/06/2020 02:15 am
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 Posted 11/06/2020  07:00 am  Show Profile   Bookmark this reply Add scopru to your friends list
Grape I am curious how you know this. Is your family dealers or do you work at a shop while in high school? I am simply trying to put some basis to your comments that would make sense as to how you would know these things since you just graduated. Or does Burdettes Saint book go into this? And likely you have mentioned your history in other threads prior so apologies if this is a repeat for you.
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 Posted 11/06/2020  07:55 am  Show Profile   Bookmark this reply Add just carl to your friends list
I would think China would be making those by now.
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 Posted 11/06/2020  2:30 pm  Show Profile   Bookmark this reply Add westcoin to your friends list
Thanks for the addition Grape! Hey by the way did you ever get the email I sent you back thru the CCF email feature? Never heard that you got it.

Scopru - I don't think I'm giving anything away by saying this here as Grape has mentioned it a few times in the past, but he works with Julian hence why I put the link to that old article, as I wrote that way before Grape joined us here at CCF. I met Julian first sometime in the early 1980's, super nice guy that has had his fingers in so many of the great dealings in numismatic history. I haven't yet met Grape in real life-yet!
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
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See my want page: http://goccf.com/t/140440
Edited by westcoin
11/06/2020 3:59 pm
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 Posted 11/06/2020  7:37 pm  Show Profile   Bookmark this reply Add GrapeCollects to your friends list

Quote:
Grape I am curious how you know this. Is your family dealers or do you work at a shop while in high school? I am simply trying to put some basis to your comments that would make sense as to how you would know these things since you just graduated. Or does Burdettes Saint book go into this? And likely you have mentioned your history in other threads prior so apologies if this is a repeat for you.


No problem. I worked at a coin shop called Bonanza Coins run by Julian Leidman, the dealer this thread was about. One day at work I had talked about seeing the 1933 Double Eagle at the Museum in DC and the conversation branched off into talking about the other 1933 double eagles out there. So everything I know is from what I was told by him and chit chatting with dealers at shows.


Quote:
Hey by the way did you ever get the email I sent you back thru the CCF email feature? Never heard that you got it.


I did not get it, for whatever reason my email is a void for CCF emails sometimes. Sometimes they go to my inbox, other times spam, other times I have no idea. I'll send you one now.


Quote:
I haven't yet met Grape in real life-yet!


Come down to DC and say hi!
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 Posted 11/06/2020  8:16 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list

Quote:
Coin dealers can talk when drinking in the evening at big coin shows!


Baseball players do that too, I often tell the story of the 750' home run I hit that one time. Only stopped cuz it hit a building and it was still goin' up when it hit it.
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 Posted 11/06/2020  9:50 pm  Show Profile   Bookmark this reply Add scopru to your friends list
Thanks for filling in the blanks guys
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 Posted 11/08/2020  01:20 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Baseball players do that too, I often tell the story of the 750' home run I hit that one time. Only stopped cuz it hit a building and it was still goin' up when it hit it.
In the 60s before that building went up, would have gone a quarter mile.
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 Posted 11/08/2020  07:36 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list
Exactly.
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