Why This Coin is Illegal to Own

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  • Опубліковано 28 вер 2024
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КОМЕНТАРІ • 2,9 тис.

  • @halfasinteresting
    @halfasinteresting  4 роки тому +738

    Want an HAI t-shirt but don't have a $20 double eagle to spend on it? Well good news for you: if you submit a topic suggestion, and we use it, we'll send you a free HAI t-shirt. Submit here: docs.google.com/forms/d/e/1FAIpQLSfUdlvw6YgU44J8AnM2U_ZvRMyvh_CUM51LYSqF5nYJB9d1-w/viewform?usp=sf_link
    (t-shirts ship out about once per 2-3 months, so if you've submitted a topic, see it uploaded, and don't get contacted immediately, don't worry)

    • @maven8653
      @maven8653 4 роки тому +1

      wonderfull

    • @vinayajanhvi2281
      @vinayajanhvi2281 4 роки тому +5

      I think HAI is using this business from their own video of American airlines' mistake.😂😂😂

    • @jacobw703
      @jacobw703 4 роки тому +1

      I'm disappointed there wasn't a LOTR joke. For shame.

    • @emeraldbros578
      @emeraldbros578 4 роки тому +2

      The logistics of corona treatment

    • @guusmeeuwis41
      @guusmeeuwis41 4 роки тому +2

      The last days of Adolf H

  • @Jixxor
    @Jixxor 3 роки тому +894

    "You know, it's kinda illegal what you did but hey, let's sell it and split 50-50."
    That is the most American thing I've heard in a while

    • @tylerlackey1175
      @tylerlackey1175 3 роки тому +2

      Reddit moment

    • @gamermapper
      @gamermapper 2 роки тому +20

      @@tylerlackey1175 what does this have to do? America bashing is normal in basically everywhere in the world where this evil empire intervened, like in Iraq.

    • @HurtsEnd
      @HurtsEnd 2 роки тому

      Federal asset forfeiture is robbery

    • @jypsridic
      @jypsridic 2 роки тому +8

      it's actually an incredibly clever work around, since the US gov't were the legal owners them selling it now makes the ownership of that coin legal. I bet they quoted the bible during that court proceeding and actually chopped the baby in half.

    • @CoCoKoth
      @CoCoKoth 2 роки тому +6

      Does them allowing it to be exported to him as part of the sale not imply that they allowed the transaction? I mean, mistake by the treasury employee or not King Farouk seemed to be the legal owner at that point. Licensed and everything.

  • @enoughofyourkoicarp
    @enoughofyourkoicarp 3 роки тому +1961

    "You're not allowed to hoard gold."
    "Why not?"
    "Because we want to hoard it."
    "Understandable, have a good day."

    • @Dovachin
      @Dovachin 3 роки тому +50

      God bless murica.

    • @Winasaurus
      @Winasaurus 3 роки тому +85

      As is the case with pretty much any "You're not allowed X" law. You're not, they are, generally for some roundabout reason. You're not allowed to collect and hoard rainwater in case of a drought. But the state is. Why? In case of a drought. At least, that's the basic version of it. Applies to tons of dumb things and lots of very touchy subjects too (guns for instance).

    • @gaz-75w63
      @gaz-75w63 3 роки тому +1

      It makes sense.

    • @nmslchan9527
      @nmslchan9527 3 роки тому +39

      Biden: You are not allowed to hold guns
      American: Why not? the Amendment II of US constitu...
      Biden: C'mon, forget about that, I want my bloc to be the only one to hold....alright....guns kill people...you know the thing...
      American: guns kill people, orange man bad, kid sniffer good, God bless US

    • @rushi5638
      @rushi5638 3 роки тому +9

      @@nmslchan9527 Boy... that escalated quickly.

  • @remigiuszdarmach4233
    @remigiuszdarmach4233 4 роки тому +3222

    Secret service: "you are arrested for selling our gold!"
    Coin seller: "wait can we just split profits to half?"
    Secret service: "looks fair to us"

    • @hockeycrafter6086
      @hockeycrafter6086 4 роки тому +139

      It makes sense, it would’ve been a long court battle and probably wasn’t gonna be worth the time or money, if they split the profits, they make back the money they spent trying to get it and everybody wins

    • @naphackDT
      @naphackDT 4 роки тому +159

      It makes sense for this particular coin because it WAS "legally exported" at some point, so the court case is rally tricky.

    • @hockeycrafter6086
      @hockeycrafter6086 4 роки тому +28

      MinecraftPro15 the real value of the coin wasn’t the number printed on it though let’s be fair, settling was the best for all parties involved and it ensured that everyone walked away a winner, especially because this was by no means an open and shut case the parties who split the profits was happy and I’m sure the buyer was happy as well

    • @MyRegardsToTheDodo
      @MyRegardsToTheDodo 3 роки тому +27

      @@naphackDT That and the government didn't want to set an example, because they didn't know how many coins were still out there (the ten other coins hadn't been found yet, so they were right to assume there were still other coins). It's still not legal to own these coins in the US, but they won't come after this specific one. If the government had lost in court they might have lost other court cases concerning these coins in the future.

    • @medexamtoolscom
      @medexamtoolscom 3 роки тому +5

      The leprechaun from the leprechaun movies appears. "I want me gold!"
      Everyone: Whoa, you can have it, I've seen your movies, I know what happens to those who get in your way.

  • @meef6261
    @meef6261 4 роки тому +2816

    President: execute order 6102
    Coin collectors: **gets shot**

    • @creounity
      @creounity 4 роки тому +60

      JFK: issues the Executive Order #11110 on June 4, 1963, empowering the Treasury Department of the US to issue the United States notes (NOT the "Federal Reserve notes") without permission of the Fed; hence the government didn't have to pay debt interest to the Fed.
      Also JFK, soon after issuing that Order: *gets shot*
      (now guess why he has been assassinated).

    • @creounity
      @creounity 4 роки тому +5

      @Venky Wank Nope. i.pinimg.com/originals/2c/a5/d0/2ca5d0712c74b9a7c3920d06000c2e9f.jpg
      But at the top of the note it was written not the "Federal Reserve Note", but "United States Note" (as shown at the image above).

    • @syrialak101
      @syrialak101 4 роки тому +14

      @@creounity I mean, the Cuban Missile Crisis had also happened during his presidency, but I guess we'll just ignore that.

    • @puellanivis
      @puellanivis 4 роки тому +10

      ​@@creounity Pretty weird that JFK would get shot in 1963 over delegating a power he already held from the Gold Reserve Act of 1934 to issue silver certificates to the Treasury Secretary during a transition away from a silver certificates. And sure, they were transitioning away from silver certificates towards Federal Reserve Notes, but the president was authorized from the same Gold Reserve Act of 1934 to establish the gold value of the dollar by proclamation, and which was the exchange rate that all the way until 1971, foreign governments were allowed to trade dollars for gold. So that the value of the dollar had been backed internationally by gold for another 8 years, even if they were not gold certificates that you could just trade in for gold.

    • @Retsbol
      @Retsbol 4 роки тому +13

      Master Coinwalker, there're too many of them, what are we going to do with the coins?

  • @OtakuUnitedStudio
    @OtakuUnitedStudio 4 роки тому +713

    "Illegal to own"
    "Except for that one guy who bought it legit, and it's the only one in circulation."

    • @TorreFernand
      @TorreFernand 4 роки тому +42

      "circulation"

    • @jpalz
      @jpalz 4 роки тому +1

      @@TorreFernand of course you beat me to it

    • @liquidminds
      @liquidminds 4 роки тому +16

      As it seems, all 22 Coins are "owned legally" right now. Most by the collections of the government, but one by a collector who legally bought it.
      The others were melted down and in that process "legalized" to own. So "was illegal to own" would have been the correct way to title the video.

    • @sailordolly
      @sailordolly 4 роки тому +4

      If you possess the coin, then it means that you got it from somebody who got it from (etc.) who stole it, therefore you are guilty of receiving stolen property. If you were reasonably unaware that you had received stolen property, then you won't be charged with an offense, but the government is well within its right to confiscate it without compensating you, since your ownership of it was not legitimate.

    • @jakkjhyu
      @jakkjhyu 4 роки тому +13

      @@sailordolly you missed the point. Every single owner of the surviving coins (US government, 1 private collector, and American numismatists society) currently owns them legally.

  • @captainsinclair7954
    @captainsinclair7954 4 роки тому +303

    FDR: haha printer go Brrrrrr
    Treasury: NOOOOO! YOU CAN’T JUST MAKE US PRINT MONEY! WE NEED GOLD TO BASE OUR MONEY ON!
    FDR: *haha printer go Brrrrrr*

    • @rekietabeatslc9980
      @rekietabeatslc9980 4 роки тому +7

      We can print money endlessly with nothing to back it up & just stay home. My TV & gov't said so.

    • @lazymansload520
      @lazymansload520 4 роки тому +4

      Wasn’t it Nixon who took the country off the gold standard?

    • @michelemcdaniel6032
      @michelemcdaniel6032 4 роки тому

      😛

    • @michelemcdaniel6032
      @michelemcdaniel6032 4 роки тому

      @@lazymansload520 earlier

    • @troyh3628
      @troyh3628 3 роки тому +3

      @@lazymansload520 Yeah, I'm late, but I noticed you didn't really get an answer. All Nixon did was end the government exchange of dollars for gold at a fixed rate which allowed the government to charge market value for any gold it exchanged. Simply put FDR was the one who killed the gold standard, and it was Nixon who drove the final nail into the coffin.

  • @Rad-Dude63andathird
    @Rad-Dude63andathird 4 роки тому +821

    Secret Service: "Ah crap, there's a very small handful of *coins* out there that didn't get melted down! Better create an entire team to go get them!"

    • @pennywagner1608
      @pennywagner1608 3 роки тому +16

      440.00 dollars of coins= at least 4 guys every day for how many years? seems reasonable smh

    • @HypercopeEmia
      @HypercopeEmia 3 роки тому +4

      Oh no! That guy is speeding! There's no need to stop him it's too expensive. OH no that guy over there is robbing a shop doesn't matter how much money is in the till anyway?

    • @TriangleChloros
      @TriangleChloros 3 роки тому +31

      @@HypercopeEmia It's actually pretty common for the police not to bother to investigate some crimes, and to put fairly low resources into others. There is not enough money to conduct a worldwide manhunt for every jaywalker. The question is whether *this* crime requires *this* much investment

    • @dirtydan2721
      @dirtydan2721 3 роки тому +28

      @@HypercopeEmia Oh no, that guy speeded in 1933 we need to melt his vintage car down and search the entire world for similar cars to melt down

    • @evilash2388
      @evilash2388 3 роки тому +5

      And use taxes robbed from fools to do so.

  • @danielnewell843
    @danielnewell843 4 роки тому +1463

    It’s only illegal if you get caught.

    • @SharkWarrior35
      @SharkWarrior35 4 роки тому +32

      Daniel Newell yeah I would just keep the coin knowing that the USA government will never get it as I wouldn’t try sell it anyway

    • @elitedude4089
      @elitedude4089 4 роки тому +5

      Daniel Newell 👀

    • @biliminsrlar5752
      @biliminsrlar5752 4 роки тому +19

      That's literally how crime works.

    • @pawpatrolnews
      @pawpatrolnews 4 роки тому +7

      No, it's still illegal regardless

    • @cowfat8547
      @cowfat8547 4 роки тому +26

      @@pawpatrolnews
      the joke
      .
      .
      .
      .
      your head

  • @peterc.1419
    @peterc.1419 3 роки тому +87

    It's ILLEGAL in America. The coin is not ILLEGAL elsewhere.

    • @wrxwrx
      @wrxwrx 3 роки тому +1

      There's no such thing as universal legality...

    • @peterc.1419
      @peterc.1419 3 роки тому +7

      @@wrxwrx Something can be illegal under a given law and laws depend on local legislatures.

    • @carsonfujita-turnbull4549
      @carsonfujita-turnbull4549 3 роки тому +5

      Not exactly, the USA can still claim it's their property in another country, but I'm pretty sure it would be subject to the other countries laws and diplomatic choices than the USAs

    • @kenc2257
      @kenc2257 3 роки тому +6

      True. But, an important part of the US Treasury Dept's argument was that these coins were stolen property, and belonged to the US government. But, there's LOTS and LOTS of stolen and taken/misappropriated property in the world--some of the best examples are in museums.

    • @peterc.1419
      @peterc.1419 3 роки тому +2

      @@carsonfujita-turnbull4549 They can claim. But making a claim does not make it so.

  • @almostcertainlynotapotato6528
    @almostcertainlynotapotato6528 3 роки тому +17

    This America guy's probably pretty poor, chasing after 20 Dollar coins like that...

  • @uu9rj
    @uu9rj 4 роки тому +15

    The way the coins were stolen is hilarious. A worked took a dead rat with him to the mint and stuffed it full of Double Eagles, dropped it out the window knowing no one would pick up a dead rat and at the end of the day collected it.

  • @joemcguire6044
    @joemcguire6044 4 роки тому +3

    I once found a roman coin dated 671 BC but when I tried to sell it, I was told it was worthless.

  • @tumu_bandit
    @tumu_bandit 4 роки тому +1564

    And that's how taxpayer's taxes are wasted by the government.

    • @lolmanboss
      @lolmanboss 4 роки тому +41

      Does it even surprise you anymore?

    • @fernandovazquezcueto9606
      @fernandovazquezcueto9606 4 роки тому +22

      They did get $3.795 million out of selling the last coin.

    • @iamanidiotbut5523
      @iamanidiotbut5523 4 роки тому +56

      They sent a task force to track down a collector with the coin, and after a lengthy legal battle agreed to sell the coin to another collector and split profit with the first collector. Wtf is the point there

    • @maritimezhang
      @maritimezhang 4 роки тому +18

      fE F because they spent fiat money. Meaning the cost was just paper. Today we are working in a system that give us back paper. When that system fail, nothing matters but the gold. An ounce of gold in 1971 was pegged as $35. Today the same ounce is $1800. Gold is constant, only the dollar lost value. They traded nothing for something. We are taught to think gold is worthless today, but in reality gold is the real money. No effort is a waste when it comes to collecting every ounce of gold. Because when the fiat system fail, gold is the real wealth. Watch what they do, not what they say.

    • @doujinflip
      @doujinflip 4 роки тому +2

      I doubt the Secret Service had teams dedicated to just those coins, more likely they were just an additional case to their regular counterfeit hunting mission

  • @theob3515
    @theob3515 4 роки тому +448

    Imagine if the guy who bought the last coin then spent it as a normal $20 coin

    • @crazytigerspy9420
      @crazytigerspy9420 4 роки тому +17

      *oof*

    • @theperfectmix2
      @theperfectmix2 4 роки тому +8

      Theodore Budgen normal?

    • @Mika-85
      @Mika-85 4 роки тому +40

      I don't know of any $20 coins that would be normal

    • @adamfirst3772
      @adamfirst3772 4 роки тому +10

      would make sense.. sinse the "guy" who paid over $7million for a $20 coin, sounds really stupid.

    • @schmebulock4567
      @schmebulock4567 4 роки тому +9

      Legend says he used it to buy a diet coke from a vending machine and didn't get any change.

  • @TangoMike88
    @TangoMike88 2 роки тому +2

    Using the dog stock video for Stephen Fenton is brilliant. A very subtle reference.
    FENTON!!!

  • @iamsatire2883
    @iamsatire2883 2 роки тому +1

    Imagine if you will you wake up one morning in your home to the sound of someone knocking on your door. You have a major hangover from a night of heavy drinking yesterday and slowly make your way out of bed, slip on your slippers and bathrobe, grudgingly walk towards your door, answer it and get arrest for being the owner of a coin from 88 years ago.

  • @joeym5243
    @joeym5243 4 роки тому +389

    I fear no man, but that...
    *person with $20 coin*
    that scares me.

    • @aidanwotherspoon905
      @aidanwotherspoon905 4 роки тому +1

      Joey M Shire... Baggins!

    • @Twebs12
      @Twebs12 4 роки тому +1

      Joey M ua-cam.com/video/neY6fGdMPQo/v-deo.html

    • @danmanproking2179
      @danmanproking2179 4 роки тому +5

      But that person is a man!

    • @janicel3989
      @janicel3989 4 роки тому +1

      Joey M No need to be scared if you own one, love it look at it, then melt it down for its Gold content and sell it..!!!😂😂😂🤣🤣🤣😂😂😂

    • @lolmanboss
      @lolmanboss 4 роки тому

      Love that Mehmed referrence XD

  • @danem.9402
    @danem.9402 4 роки тому +632

    US government: No you cant sell that coin at auction it is illegal!!!
    Coin collector Fenton: Ill split the profits with you.
    US government: Haha illegal coin sale go Brrrr.

    • @MrTimy06
      @MrTimy06 4 роки тому +6

      Not funny; didn't laugh

    • @konkelb1760
      @konkelb1760 4 роки тому +53

      @@MrTimy06 funny, did blow air out of nose

    • @aoelp
      @aoelp 4 роки тому +4

      r/unexpectedbrrr moment? Yes, that is a thing since May 12th.

    • @ypcomchic
      @ypcomchic 4 роки тому +9

      That’s not right! The people who found the 10 coins took it to court and they lost so how does this British collector get to sell his and keep half the profits and some unknown person gets to keep the coin?? The people who owned the 10 coins should have gotten the same deal. Govt sucks

    • @speedy01247
      @speedy01247 4 роки тому +1

      @@ypcomchic obviously selling one is priceless selling ten is not. (If you have the only one in the world vs 10 in the world the value drops drastically and by in the world I mean not owned by the US government)

  • @Finetales
    @Finetales 3 роки тому +3

    I am so overjoyed that the clip behind "Stephen Fenton" was a dog lol

    • @Permuh
      @Permuh 3 роки тому

      FENTOOOOON

  • @ahscott2001
    @ahscott2001 2 роки тому +1

    This sounds like a video game quest/achievement.
    “Collect all 22 1933 double eagle gold coins and return them to the original maker.”

  • @regenpower_
    @regenpower_ 4 роки тому +293

    NOOO YOU NEED GOLD TO BACK UP MONEY
    Haha money printer goes brrrr

    • @buzzsawenthusiast1756
      @buzzsawenthusiast1756 4 роки тому +2

      I can't hear you over the sound of me not caring

    • @aajeeksnckv
      @aajeeksnckv 4 роки тому +1

      Wren Wren Then why did you make this comment?

    • @xalted8111
      @xalted8111 4 роки тому

      I see we have an avid r/dankmemes user

    • @JJAB91
      @JJAB91 4 роки тому +1

      One of the worst things the US government has done.

    • @joshuaheath9003
      @joshuaheath9003 4 роки тому

      Every fiat currency has failed, the dollar will be no different.

  • @thecianinator
    @thecianinator 4 роки тому +2

    Showing that dog running through the grass field when you said the name Fenton was a stroke of genius

  • @MaxwellAerialPhotography
    @MaxwellAerialPhotography 4 роки тому +2

    can someone explain to me why the Secret service was going after these coins 60 years after the fact and 30 years after the US was off the gold standard? whats the point?

  • @ArsenalMusic508
    @ArsenalMusic508 4 роки тому +23

    I think it's safe to assume that there is a very likely possibility some of these coins do still exist in private collections, but the owners aren't stupid.

    • @infiniteplanes5775
      @infiniteplanes5775 2 роки тому +1

      Excellent idea and I hope it’s true, but aren’t special coins like these counted?

  • @hansyolo8277
    @hansyolo8277 4 роки тому +84

    Ah yes, when FDR literally said to steal all gold that was legally owned by citizens if necessary. Or give them fractions of pennies on the dollar for what it's worth and forcing them to accept. So technically not stealing, even though it is, just not in a court of law.

    • @Woogoo336
      @Woogoo336 2 роки тому +6

      And I guess the secret service didn't have anything better to do than enforce corruption. At least they are consistent in their priorities.

    • @jon3mi3s
      @jon3mi3s 2 роки тому +1

      Lol us really took a note from USSR on this one xD

    • @dinoblacklane1640
      @dinoblacklane1640 2 роки тому +4

      The goverment can do this with anything too
      If you own a house and the goverment wants that land, theres nothing you can really do about it

    • @Outwardpd
      @Outwardpd 2 роки тому +5

      @@dinoblacklane1640 While true it is important for the government to have that kind of power otherwise individuals who answer to no one would be able to absolutely decimate the public good, imagine if JP Morgan bought a strip of land down the entire middle of the US and refused to let the US buy it for a reasonable price to build the interstate. It is important to make sure people are very fairly compensated in these scenarios but it is not a bad thing the government can prevent people from causing massive problems.

    • @dinoblacklane1640
      @dinoblacklane1640 2 роки тому

      @@Outwardpd ...you're really trying to defend the goverment straight up stealing from people
      ...what is wrong with you?

  • @BJGvideos
    @BJGvideos 4 роки тому +13

    So, if this was melted down into an exact replica of the original, how would that affect the value?

    • @nielsdegroot9138
      @nielsdegroot9138 4 роки тому +7

      It should be spotted as a replica as everybody should know it is not one of the real coins as they are accounted for. So valued slightly above gold cost and labour? Although don't underestimate what people are willing to spend on stuff. Rational thought sometimes goes out the window.

    • @leftysheppey
      @leftysheppey 3 роки тому

      I presume few close up scans, if any, exist of this, so itd be hard to verify as not original. However, I could be wrong, and in which case, it crashes the value to zero. If even just one exact replica exists, nobody can be sure if any of them are real. Thankfully, exact replicas are very difficult to manufacture and if you're looking at buying high end coinage, you know what to look for regarding fakes

    • @tawnylyra6233
      @tawnylyra6233 3 роки тому

      There is no way to make an exact replica. Not only are the mold destroyed but there are details about its weight that would be wrong.
      Anyone that would do that "outta have his ass removed" Clint Eastwood in The Rookie

    • @peterc.1419
      @peterc.1419 3 роки тому +1

      @@tawnylyra6233 With high power microscope scanning and using the same coin as reference to the microgram of gold, a perfect replica would be produced. It would of course not be one of the original coins but it would not be possible to tell

    • @tawnylyra6233
      @tawnylyra6233 3 роки тому

      @@peterc.1419 I mean good points but even that short amount of time their would be patina that "should" be present, is what I keep coming back to😊

  • @mikomoodley.mp4
    @mikomoodley.mp4 4 роки тому +5

    Damn, I didn’t realize gold was named after the BROCKHAMPTON song, I’m so uncultured

  • @andywallis4518
    @andywallis4518 3 роки тому +2

    Just read the book "Illegal Tender", amazing.

  • @ahobimo732
    @ahobimo732 4 роки тому

    I love this guy's quick, sarcastic, deadpan humor.

  • @LeviForWaifu
    @LeviForWaifu 4 роки тому +73

    The "Fenton" joke, I'm dying
    😂

    • @avigdonable
      @avigdonable 4 роки тому

      Levi For Waifu Fenton’s legacy lives on.

    • @nah7856
      @nah7856 4 роки тому

      Wait a minute, you're from let the commies hit the floor video

    • @xokocodo
      @xokocodo 4 роки тому +2

      Oh, jesus christ! Fenton!!

    • @TheLocalGeek
      @TheLocalGeek 4 роки тому

      First class.

    • @juststeve5542
      @juststeve5542 4 роки тому

      That did make me smile, I wondered how many spotted it.
      I'm glad I'm not alone.

  • @toothbrushgod
    @toothbrushgod 4 роки тому +61

    0:40 why does the music in the back sound like i'm being rick rolled?

  • @PopeLando
    @PopeLando 3 роки тому

    Wow. 4:45 cool callback for Fenton the dog. Thought that particular viral was only a British obsession.

  • @robertfrye5161
    @robertfrye5161 7 місяців тому

    actually the were never stolen, but exchanged old for new at the Philadelphia mint before the actual order arrived. They were bought by a local dealer, legally. The one thing he should have gotten was a receipt saying old for new. I saw the one that was monetized. NGc has several in their vault in storage for the government

  • @bkkedairy6981
    @bkkedairy6981 4 роки тому +141

    nobody:
    king Farouk:
    do you wanna see the most illegal thing I own

    • @NHDOreBros
      @NHDOreBros 4 роки тому +5

      Who will win?
      The money he siphoned from the Egyptian treasury
      Or
      One gold boi

    • @liftlash98
      @liftlash98 4 роки тому

      Was that first said in vsauce? 😂

  • @kristjanmartin9883
    @kristjanmartin9883 3 роки тому +4

    Fascinating to learn that Egypt had an illegal American historical item.
    How much gold was spent hunting these coins? Lmao, government is great at wasting money, the bigger the government, the bigger the waste.
    D.M.

  • @kshitishsorte2918
    @kshitishsorte2918 4 роки тому +8

    4:39 "when the world needed him, he vanished" Avatar flashback 😂

  • @thomasscott80
    @thomasscott80 2 роки тому +1

    As a coin collector I immediately knew what you were talking about. I dream about holding a 1933 double eagle before I die

  • @ou5656
    @ou5656 4 роки тому +61

    "no, you can't make a coin and make it illegal to own"
    USA: haha coin go illegal

    • @thomasraahauge5231
      @thomasraahauge5231 4 роки тому +2

      Of course you can. All you have to do, is change your mind 🤪

    • @Sorcerers_Apprentice
      @Sorcerers_Apprentice 4 роки тому +2

      As they say, "Render unto Caesar that which is Caesar's..."
      The whole reason money has value is because the government prints it and backs up it's value, it's technically government property. Others only accept cash and value it because the government puts their face on it and promises to back it up, who are you to say that you don't owe Caesar anything?

  • @BlackVogel1
    @BlackVogel1 3 роки тому +2

    Imagine being a collector and hearing;
    "the only coin of 22 that is legal to sell and own made in the year of the great depression"

  • @saucyps7378
    @saucyps7378 4 роки тому +97

    Me: Owns illegal coin
    FBI wants to know your location
    Well with express vpn you can do that

  • @MarginalSC
    @MarginalSC 3 роки тому

    Funny thing is relative value of gold is also held up with little more than trust and the rest of that kinda stuff.

  • @garymartin9777
    @garymartin9777 3 роки тому +9

    The 1933 Agricultural Adjustment Act -- you know, the one that confiscated privately held gold -- should have been ruled unconstitutional along with most other New Deal legislation. The Federal Reserve did not issue double eagles because they issue only paper Federal Reserve Notes. Coins are issued by the US Treasury via the mints. The Fed also does not issue US notes because they are not Federal Reserve notes.

    • @alanlight7740
      @alanlight7740 2 роки тому

      Yup. Most of what FDR was plainly unconstitutional and Executive Order 6102 was nothing less than the robbery of the American people.
      About what you would expect from the scion of a family of drug lords.

  • @gennik7966
    @gennik7966 4 роки тому +9

    4:38
    100 years passed and my brother and I discovered a new coin, a Double Eagle we stole from a British guy named Aang. And although its current value is great, we have a lot of waiting before the secondary market raises its value. But I believe it can get me out of debt.

  • @SeraphimKnight
    @SeraphimKnight 3 роки тому

    "Big Bummer" is a great expression. Should be applied to everything else.
    The Big Scuffle (parts 1 & 2)
    The Nippy Period
    The Big Wet
    etc

  • @thebasketballhistorian3291
    @thebasketballhistorian3291 2 роки тому

    Instead of melting them down or locking them in a vault, they should’ve put them in museum around the US and the world.

  • @faf7919
    @faf7919 4 роки тому

    Kind of off topic but i once spilled a bunch of old pennies on the floor but the thing is, my floor was the color of the pennies. The pennies included a 1922 D wheat penny and i never found it again

  • @nathanthanatos3743
    @nathanthanatos3743 2 роки тому

    Three for the Elven-kings under the sky,
    Seven for the Dwarf Lords in halls of stone,
    Nine for Mortal Men, doomed to die,
    One for the Dark Lord on his dark throne
    (And two in the United States Numismatics Collection)

  • @fawltyborstals
    @fawltyborstals 4 роки тому +13

    I like when he said “Fenton” he showed a pic of a dog 🐕

  • @sparkplug1018
    @sparkplug1018 2 роки тому

    the part you left out is, there was an extra $20 tacked onto the final sale price to make this coin actual money, to monetize it. The reason it was illegal to own, even before being stolen from the mint is that technically speaking, it wasn't money yet. It says $20 on it, but by law it wasn't actually money, yet.
    Funny thing is, if you took it to a bank they'd give you a $20 bill for it.
    Its also unclear how he acquired it. One of the theories being he acquired it from Switt, got the export permit and off it went. Israel Switt is a real piece of work by the way. The other theory is that he may have actually bought it from the mint during a very very brief window of time when it might have been possible, as there was something like a 2 week period between these coins being minted, and the EO going into effect.
    Ultimately, it has become one of the most mysterious and sought after coins ever minted, along with a few others. There is potentially another Double Eagle out there that if it still exists would be worth way more, the 1849 Double Eagle. 2 in total were minted as the pattern coins for the new $20 coin, which began production in 1850. Only one is known to exist today, with rumors that its twin may still be out there somewhere.

  • @branchesofYAH
    @branchesofYAH 4 роки тому +1

    Actually it's still a constitutional supreme law that our currency HAS to be backed by Silver and Gold.

  • @cyclingcycles7953
    @cyclingcycles7953 4 роки тому +14

    Let's see how this one could remotely possibly out of the most unlikely situation could for an ounce in the world when no one asks for it but expected by everyone contains planes.

  • @walaakamy
    @walaakamy 3 роки тому

    UPDATE
    The coin has now been sold at an auction in New York City last tuesday (June 8,2021) It sold for $18.9m,which means it just set the record for the world's most valuable coin...for the second time. It was sold by the shoe designer Stuart Weitzman to an anonymous bidder.

  • @davidsmith1225
    @davidsmith1225 3 роки тому

    Without even watching this I would say it is the 20 dollar double eagle circa 1933. Gold was outlawed for personal ownership in early 1933 and this double eagle was never distributed to the general public.

  • @upyr1
    @upyr1 3 роки тому

    We would have got out of the depression faster if the money printer didn't go brrrr.

  • @danielnewell843
    @danielnewell843 4 роки тому +5

    Imagine the government raiding your home for $20.

    • @zwz.zdenek
      @zwz.zdenek 4 роки тому

      Getting their mouths stuffed with hamburgers outweighs the loss of freedom, I guess.

  • @AidanJ___
    @AidanJ___ 4 роки тому +5

    Disappointing that you didn’t talk about bricks at all this episode 😭

  • @thonkingintensifies9510
    @thonkingintensifies9510 3 роки тому +1

    “Keep a gold chain on my neck
    Fly as a jet
    Boy you gonna treat me with respect”
    -BROCKHAMPTON

  • @PigeonHoledByYT
    @PigeonHoledByYT Рік тому

    I hate it when people get pulled over for speeding and then declare "why aren't you going out and catching the real criminals! I'm just going a little fast, this is Bullllllll!!!!"
    However...., there are agents getting paid to look for lost coins. I just don't see that it's worth it. Maybe they would be put to better use writing parking tickets or something.

  • @japust
    @japust 2 роки тому +1

    How that hell did that guy trick the government into giving him money for having a stolen coin?! 🤦‍♂️

  • @kovko69
    @kovko69 4 роки тому +5

    So this coin is no longer illegal since the US sold it, and it's no longer US government property.

  • @shadoman7682
    @shadoman7682 3 роки тому

    Would their be some sort of statute of limitations of the theft of the coins?

  • @korosuke1788
    @korosuke1788 2 роки тому

    Fun Fact: IF everyone tried to get ALL of their money out of all the banks at the same time, the US economy would collapse because most banks only keep around 10% liquid assests. The other 90% is lent to companies, and the companies usually invest it meaning they don't really have the money either.
    Every economist knows this, so there's no need to panic... Until everyone tries to get their money out of the bank, like it happened to the argentinians just before the corralito.

  • @phoneboxchicken4108
    @phoneboxchicken4108 4 роки тому

    Good use of the dog when mentioning Mr. Fenton.

  • @loobly
    @loobly 4 роки тому

    Similar situations have occurred with the 1974 aluminium pennies and the 1964 peace and morgan silver dollars. Fuckin hate FDR for making order 6102 and the Feds for being so possessive

  • @rosesunflow9560
    @rosesunflow9560 4 роки тому +1

    Would be better if the coin showed it self after 100yrs, because when the world needed it most, it disappeared

  • @avelus5984
    @avelus5984 4 роки тому +8

    Such a shame. My family has a friend that is a coin collector.

  • @magma2050
    @magma2050 3 роки тому

    All this needs is for Gandalf to close off: "So it is now: the Ten he has gathered to himself; the Nine also, or else they are destroyed. The Two are hidden still. But that no longer troubles him. He only needs the One..." then cut to the new owner stroking the One Coin whispering "My Precious..." :)

  • @dash8brj
    @dash8brj 3 роки тому

    Imagine if you were in vegas (yeah I know, all the coins have now been accounted for) and you had a small win on the slots, and it spat one of these out with the winnings. Unless you knew what it was, you'd be "ahh crap someone stuck some old coin in the hopper" You''d be none the wiser that the funny coin was worth millions ;)

  • @wthk1-teito
    @wthk1-teito 2 роки тому +3

    Theoretically, does a *replica* of this coin exist that could be purchased legally? (Certainly it would have to be made from different materials if it does exist in replica form, I imagine.) I'm not a coin collector, but I'm into history, and it'd be neat to get a replica as a souvenier as long as it wouldn't cause legal problems for me.

  • @michaelreed5665
    @michaelreed5665 3 роки тому

    That Avatar reference though 4:39

  • @setoman1
    @setoman1 2 роки тому

    Illegal to own where US laws apply 😇 which is roughly 37 out of 51 states. Sometimes it's 38, but that changes frequently because Floridamen are still debating if they're part of Canada or Mexico.

  • @JoshDoesTravel
    @JoshDoesTravel 4 роки тому +4

    Uh oh
    Dashlane isn’t gonna be happy when they hear about Sam’s new sponsor....

  • @Pikachu_-oq2wn
    @Pikachu_-oq2wn 2 роки тому +1

    5:58 imagine rickrolling people (background music)

  • @fredflintstoner596
    @fredflintstoner596 3 роки тому

    Mrs Richards: " I paid for a room with a view!"
    Basil: (pointing to the lovely view) "That is Torquay, Madam."
    Mrs Richards: "It's not good enough!"
    Basil: "May I ask what you were expecting to see out of a Torquay hotel bedroom window? Sydney Opera House, perhaps? the Hanging Gardens of Babylon? Herds of wildebeest sweeping majestically past?..."
    Mrs Richards: "Don't be silly! I expect to be able to see the sea!"
    Basil: "You can see the sea, it's over there between the land and the sky."
    Mrs Richards: "I'm not satisfied. But I shall stay. But I expect a reduction."
    Basil: "Why?! Because Krakatoa's not erupting at the moment ?

  • @redrob6026
    @redrob6026 2 роки тому

    Showing a dog when you said Fenton was class, and obscure.

  • @hallowizer440
    @hallowizer440 4 роки тому +1

    How does ExpressVPN compare to FirefoxVPN?

  • @gabrieljosue2451
    @gabrieljosue2451 3 роки тому +3

    I honestly think the US government do this kind of things just to prove a point of the extent they are willing to go for something stupid. Making in the process a deeper point of “imagine what we would do for something bigger”
    Its actually a brilliant strategy

  • @NihilisticRealism
    @NihilisticRealism 3 роки тому

    wondered where he got that coin, thanks

  • @yoshi2413
    @yoshi2413 4 роки тому +1

    They fr made a secret service task force to find 20 coins....

  • @EdKolis
    @EdKolis Рік тому

    A coin so rare that it's literally the only one of its kind in circulation.
    Someone needs to forge a bunch of fakes.

  • @ctom4932
    @ctom4932 2 роки тому

    "also, nice moustache"
    🤣

  • @isaiahmalik2845
    @isaiahmalik2845 4 роки тому +3

    The rich stay rich by investing like and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich‼️‼️‼️‼️‼️‼️‼️

    • @JoseGomez-ml8jz
      @JoseGomez-ml8jz 4 роки тому +2

      You are right the market is profiting if you are really a good broker or account manager 😄
      Bitcoin is the future it's really a big chance to make money

    • @juanbarrado8155
      @juanbarrado8155 4 роки тому +2

      Well that's generally true its concerning that several of the richest most successful investors are sitting on the sidelines right now and waiting for a better entry point

    • @kodakjamez3115
      @kodakjamez3115 4 роки тому +2

      So true lol, it doesn't make sense !
      It be said a little simpler, if you want to be rich then focus on saving and investing, if you want to be poor then focus on spending

    • @feliciaasima8720
      @feliciaasima8720 4 роки тому +2

      Already invested in stocks and I cant really get a good returns from it

    • @theresakersti2023
      @theresakersti2023 4 роки тому +2

      @@feliciaasima8720 the stock crash is just inevitable that's what you just have to understand
      Bitcoin and forex are more profitable with the favourable market rise,

  • @locbac
    @locbac 3 роки тому

    Why didn’t they just check in the cracks of the couch or in between car seats?

  • @dimandos48
    @dimandos48 3 роки тому

    Coin collectors must really want this one

  • @Pa2flyboy
    @Pa2flyboy 2 роки тому

    Now I know where/when to commit my next heist...soon as my time machine gets back from the shop.

  • @ericmueser
    @ericmueser 2 роки тому

    I would just like to recognize the fact that you showed a picture of a dog when you said Fenton's name.

  • @Osama-Bon-Jovi-01
    @Osama-Bon-Jovi-01 2 роки тому

    I'm still confused as to how the secret service is able to arrest a British citizen, surely that's out of their jurisdiction? The US can't just go to any random country and arrest a citizen for owning a coin they deem illegal surely?

  • @iiiiii7680
    @iiiiii7680 2 роки тому +1

    A whole 20 coins. Tax dollars well spent

  • @athomenumismatics3522
    @athomenumismatics3522 3 роки тому +1

    As a numismatist myself, I can say nice.

  • @Asdf-wf6en
    @Asdf-wf6en 4 роки тому +1

    Um, statute of limitations?

  • @ouralternate-history5672
    @ouralternate-history5672 3 роки тому

    a coin from 1907 to 1933 was based of the 2017 song called gold
    Logic

  • @DefaultFlame
    @DefaultFlame 4 роки тому

    The Secret Service got the job to guard the President *because* their record when it came their original job of dealing with counterfeiting and other such crime showed that they were the most competent out of all governemnt agencies.

  • @MassDynamic
    @MassDynamic 3 роки тому +2

    "hoarding within the continental US" ...so if you're outside the US, wouldn't the coin be out of their reach?

    • @ItsASkelley
      @ItsASkelley 3 роки тому

      thats what you would think, but you know the U.S

  • @finhas8865
    @finhas8865 2 роки тому

    Yes, most of systems in the US are either overpriced or a scam.. err or both, like the health system.
    Even the dollar value are based on trust, not something solid like gold. Which makes it fall under scam category.

  • @bronytraX
    @bronytraX 3 роки тому

    I laughed way to hard than I should have when he said brrrrrrr 🙄😂

  • @tornadotaylor8956
    @tornadotaylor8956 3 роки тому +2

    Wait the Coins of Zakynthos are real?

  • @Nikkikkikkiz
    @Nikkikkikkiz 4 роки тому

    I got the coin in the thumbnail from a souvenir cart in DC a few years back.

  • @elijad5498
    @elijad5498 Рік тому +1

    The US split the profit but spent more than that on chasing a stupid coin. 😆😅🤣
    That's our government. 😡

  • @AmericanCaesarian
    @AmericanCaesarian 2 роки тому

    1:12 back when we actually had our money worth shit. I don’t like when the standard was suspended but Nixon ended it. And now our money is worthless