Coin Community Family of Web Sites
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

Did The 1933 Gold Eagle Circulate?

 
 
To participate in the forum you must log in or register.
Author Previous Topic Topic Next Topic  
Press Manager
Learn More...
United States
1411 Posts
 Posted 06/26/2019  4:54 pm Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message
Numismatic News - The 1933 Indian Head gold eagle is probably the best coin of the United States, which could be called a poor man's 1933 gold coin. Considering the 1933 gold eagle currently lists for $600,000 in MS-65 it is hard to imagine the word "poor" in any sentence involving the 1933 but since the only other gold coin of 1933 (the famous Saint-Gaudens double eagle of 1933) which once sold for $7.6 million dollars, the concept of the 1933 gold eagle being the poor man's 1933 is actually appropriate.



The story of the 1933 gold eagle could be said to go back at least to the stock market crash of 1929. That famous black day on Wall Street was the start of a lot of bad days for most American as the months and years that followed would see the nation slip deeper and deeper into the Great Depression.

People were frightened and with good reason. At its worst, officially one-quarter of the nation's workers had no job while half of the nation's home owners were behind in their payments. By any and every standard it was an economic disaster. As there were so-called "banking holidays," which at least gave the banks a chance to avoid having to close because there were no funds, the concern of the public grew.

It might be too much to say there was a panic but there definitely were significant withdrawals of gold from the Treasury in the early 1930s. In all probability the 312,500 mintage of the 1933 Indian Head gold eagle was in response to those withdrawals.

Read the entire article
Bedrock of the Community
Learn More...
United States
37685 Posts
 Posted 06/26/2019  5:31 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Great summary and link, thanks.
Bedrock of the Community
United States
15919 Posts
 Posted 06/26/2019  5:52 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Any 1933 coin carries history as there were fewer denominations produced.
Pillar of the Community
United States
977 Posts
 Posted 06/27/2019  12:13 am  Show Profile   Bookmark this reply Add Greasy Fingers to your friends list Get a Link to this Reply
Pillar of the Community
United States
6867 Posts
 Posted 06/27/2019  04:22 am  Show Profile   Check westcoin's eBay Listings Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
PCGS shows 25 graded none are circulated. 35 to 40 known to exist. A true rarity in gold, any numismatist that knew a banker and was able to get one before the turn in did really well on it.

Population as of 6/2019
MS62 1
MS63 1
MS64 12
MS64+ 2
MS65 5
MS65+ 3
MS66 1
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1982, EAC Member #6202, NBS Member, 2 variety collector.

See my want page: http://goccf.com/t/140440
Moderator
Learn More...
United States
73203 Posts
Pillar of the Community
United States
6867 Posts
 Posted 06/27/2019  9:48 pm  Show Profile   Check westcoin's eBay Listings Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
I would think due to the higher grades available (like there actually available, LOL) these were saved by people that knew what they had, mostly MS65 & MS65 coins survived, and they seem to have been well taken care of, especially fro the time era, no details, no cleaned, etc.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1982, EAC Member #6202, NBS Member, 2 variety collector.

See my want page: http://goccf.com/t/140440
Bedrock of the Community
Learn More...
United States
37685 Posts
 Posted 06/27/2019  10:06 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Agree. These were picked off before entering circulation No circulated examples after 85 years?
  Previous Topic Topic Next Topic  
 
To participate in the forum you must log in or register.

Coin Community Member eBay Sales

Certified Coins   Certified VAMs   Certified Errors  




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2019 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2019 Coin Community Forums
It took 1.04 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05