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The double eagle continued to be struck until May. On December 28, 1933, Acting Secretary of the Treasury Henry Morgenthau ordered Americans to turn in all gold coins and gold certificates, with limited exceptions, receiving paper money in payment. [51] Millions of gold coins were melted down by the Treasury in the following years.
In 1933, in an attempt to end the 1930s general bank crisis, U.S. president Franklin D. Roosevelt issued Executive Order 6102, which provisions included: . Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates ...
According to the U.S. Treasury, the motto E pluribus unum was first used on U.S. coinage in 1795, when the reverse of the half-eagle ($5 gold) coin presented the main features of the Great Seal of the United States. E pluribus unum is inscribed on the Great Seal's scroll. The motto was added to certain silver coins in 1798, and soon appeared on ...
For the crest, he used Hopkinson's constellation of thirteen stars. The motto was E Pluribus Unum, taken from the first committee, and was on a scroll held in the eagle's beak. [14] [56] An eagle holding symbols of war and peace has a long history, and also echoed the second committee's themes.
The 1956 law was the first establishment of an official motto for the country, although E pluribus unum ("Out of many, one") was adopted by an Act of Congress in 1782 as the motto for the Seal of the United States and has been used on coins and paper money since 1795. [3]
On History Channel's hit show "Pawn Stars," a man came in to sell a 1907 Saint-Gaudens double eagle $20 gold coin. The coins are extremely rare, and some of them have sold for more than $1 million ...