Bowers also notes that Secretary with the Treasury William Woodin was a numismatist who As well as accumulating coins, had prepared guides on the subject.[50] Vendor William Nagy later on recalled going to Secretary Woodin and getting demonstrated five 1933 double eagles, with the secretary stating that he experienced several far more.[52]
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In 1916, minting of double eagles ceased, as bullion prices ended up climbing as a result of Entire world War I, which also brought on an influx of yankee gold coins from Europe. Holders of gold coin, for example financial institutions, refused to pay them out at par price, and so they vanished from circulation. In the aftermath of your war, Global demand for that coin was restored; several Europeans distrusted their nearby currencies and preferred double eagles to carry. The coin was struck in significant figures after coinage was resumed in 1920, but it was now Pretty much completely a coin of Global trade, or was held by banking institutions as backing for gold certificates.
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