U.S Gold Coinage
The United States produced gold coinage for circulation as solid foundation of commerce and trade in the early days through the early 20th Century. From the first U.S. Gold coin struck in 1795, to the last gold coin struck in 1933 before the Gold Recall Act, like the vintage dollar gold Indian designs, and the vintage gold dollar Saint Gaudens $20 Double Eagles. Overall, there were 6 denominations with multiple Types, and Varieties, minted at 7 different U.S. Mints that circulated freely for over a 138 year period. Today, Pre-1933 gold is the perfect bridge between bullion and rare coins.
The six US. Gold coinage denominations are;
• $1 Liberty, Indian Princess
• $2.5 Capped Classic, Liberty, Indian
• $3 Indian Princess
• $5 Capped, Classic, Liberty, Indian
• $10 Capped, Liberty, Indian
• $20 Liberty, Saint Gaudens
History of the Gold Recall Act
The Pre-33 Gold story began when the 1929 stock market crash halted the economy, left millions unemployed, and led to massive home foreclosures, and by the time Franklin D. Roosevelt became president in 1933, America was during the Great Depression. President, Roosevelt immediately signed Executive Order 6102 just one day after his inauguration, to provide “relief in the existing national emergency in banking.”
During the Great Depression, peopled hoarded gold in those hard times, which helped stall economic growth, worsening the economy even more. A solution to economic downturn was to inflate the money supply, by increasing the gold amount held by the Federal Reserve to print more money, following what was known as the Keynesian economic theory. Executive Order 6102 opened the door for Government confiscation of private property from American citizens. The order criminalized the possession of monetary gold by any individual, partnership, association or corporation, at a time when gold was the only real asset to help ensure economic survival. The Gold Recall Act stated the following rules: American citizens had 25 days to turn in their gold. After 25 days there would be fines up to $10,000 or 10 years in prison. If someone turned you in after 25 days, they could receive a reward. However, there were a couple of exceptions to the Gold Recall Act; 1. Gold coin and gold certificates not exceeding $100.00 belonging to any individual. 2. Rare gold coins that have collector value. Pre-1933 Rare gold coins were exempt from confiscation by the Government, and were allowed to be owned legally by collectors, and spared from melting.
Key date rare coins have lower mint mark mintages and are considered scarce, versus coins that have high mintages or survival rates, making them a “Common-Date” issue. Due to their rarity, security and privacy advantages, semi-numismatic, Pre-1933 coins are sometimes referred to as “Bullion with Benefits.” Surviving Pre-33 gold is fixed at an extremely limited supply with an increasing demand. It's non-reportable, and can't be confiscated. It has profit potential beyond spot price.