Court reclaims priceless Double Eagle coins for U.S. government

8/2/2016 - Professor of History Eric Rauchway in The Washington Post.

At the time they were minted, the gold pieces had a face value of $20. Today, the ’33 Double Eagles are estimated to be worth about $10 million a pop. If you can sell them, which, as evidenced by a ruling Monday by the Third U.S. Circuit Court of Appeals, Uncle Sam is loath to let happen.

By 1933, coins made of gold had lost their luster, at least to the newly elected Franklin D. Roosevelt. “We are now off the gold standard,” he told a group of advisers, as UC Davis historian Eric Rauchway recounted at Bloomberg. 

Read the full story in The Washington Post.