Pre 1933 Foreign Gold Coins
Infamously, one of the first acts by Franklin D. Roosevelt upon taking office as president in 1933 was to issue Executive Order 6102. This decree essentially outlawed the private ownership of gold by American citizens. This ban would not be lifted for more than four decades until the middle of the 1970s.
The pivotal date 1933 also marked the end of the United States issuing gold coins as legal tender for regular circulation. This is why many coin collectors recognize "Pre-1933 Gold Coins" as its own separate category within American numismatics.
Although the confiscation of gold only applied to the U.S. in 1933, the timing of the decision coincided with many other countries around the world abandoning the gold standard. Very few countries regularly issued gold coins after this time, and even fewer did so after World War II.
For this reason, pre-1933 foreign gold coins are highly desirable for coin collectors. They represent an era that has been lost to history. Moreover, due to widespread melting of gold coins during the economic turmoil of the 1930s, only a limited number of these world gold coins have survived and are available today. Explore the selection of Pre-1933 Foreign Gold at Gainesville Coins and step into a bygone moment in history when money was backed by real gold!