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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 ...
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.
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 ...
Containing 2.4286 troy ounces (2.6645 oz; 75.54 g) of gold and measuring 44.9 millimetres (1.77 in) across for the octagonal) and 43 millimetres (1.7 in) in diameter for the round, [56] the $50 pieces were the largest and heaviest U.S. coins issued [57] until surpassed in 2010 by the America the Beautiful silver bullion coins.
The original version of the bill, introduced in the House of Representatives on February 16, 1925 by Pennsylvania Congressman George P. Darrow and in the Senate by that state's George W. Pepper, called for a $1.50 gold coin for the 150th anniversary, for commemorative half dollars, and for a $1 bill honoring the Declaration of Independence.
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 ...
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