Saturday, February 3, 2024
"LA HISTORIA DE LA MONEDA MÁS CARA DEL MUNDO", PUERTO RICO NUMISMÁTICO, FEBRERO DE 2024, PP. 37-41
ADDENDUM
La siguiente información complementa el estudio sobre la "doble águila" de 1933 y ha sido reproducida del sitio web de la casa Sothebys, quien posee los derechos de autor de la misma:
Former owners and selling price:
United
States Mint, Philadelphia, 1933; via George McCann (February [?] 1937); Israel
Switt, “at about the beginning of February 1937"; James G. Macallister,
July 1, 1937 ($500); B.L. Taylor, July 1937; Max Berenstein; R.H. Smith; Ira S.
Reed, 1941; J.F. Bell, “sometime in 1942"; B. Max Mehl (possibly via Ira
Reed), February 23, 1944; King Farouk of Egypt, February 23, 1944 ($1,575);
Republic of Egypt, July 23, 1952; The Palace Collections of Egypt, Sotheby’s
Cairo, February 24, 1954, lot 185 (part, withdrawn); Anonymous Egyptian (via a
Cairene jeweler); Stephen Fenton (via André de Clermont), October 3, 1995
($210,000); United States Mint (January 25, 2001); Sotheby’s/Stack’s, July 30,
2002 ($7,590,020); Stuart Weitzman
Citizens returning their gold to the Federal reserve Bank in New York , March 10, 1933
In August
1934, Mint Director Ross ordered the melting of all gold coins held by the
government—the 1933 Double Eagles awaited destruction. In October, she ordered
that two examples be sent to the Smithsonian, the only institution or private
collection that would ever be permitted to own an example of these historic
coins — legally. But not the only one that wanted one.
February 6, 1937-The seal was broken on Vault F, Cage 1
February 7, 1937- Philadelphia mint began melting the 1933 double eagles. The operation was completed during that month of February.
Beginning February 1937- Israel Switt bought and sold some stolen 1933 Double eagles
February 17, 1937- Coin dealer James G. Macallister bought a 1933 double eagle from Israel Switt for USD 500. Switt was a long-established gold dealer and jeweler in Philaldelphia's Jeweler Row. He sold it the year after for USD 1600. That was the first of these coins to appear in the market. Macallister would purchase from Switt five of these coins in total during 1937. Among these was the specimen later bought by King Farouk (bought by Macallister to Switt in July 1937 for USD 500). Switt later recalled having sold four additional examples to dealers Abe Kosoff and Ira Reed "two or more years later". He told the Secret Service in 1944 not to remember from whom he purchased the coins back in 1937....
George A. McCann was a Mint Cashier at Philadelphia mint since 1917 and Head Cashier since April 1934. He was pointed by the investigation conducted by the US authorities to have been Switt's source within the mint. He was convicted and imprisoned in 1941 for his theft of uncurrent silver coins from the Philadelphia mint. The Secret service discovered large money deposits made by Switt into account to McCann. None of them were prosecuted due to the "Statute of Limitations". The inference is that McCann stole common date 25 "Double eagles" on their way to be melted and switched them for the 1933 specimens.
Early 1970s - Switt approached Philadelphia coin dealer Harry Forman to sell another 1933 "Double Eagle" on condition that the sale was performed out of the country.
1994-1995 - An Egyptian jeweler sold to London coin dealer André de Clermont the Farouk's double eagle. De Clermont sold the coin to the coin dealer Stephen Fenton on October 3, 1995 for USD 210000.
February 7, 1996 - Fenton files to USA to sell the coin to an interested buyer called Jay Parrino. His asking price was USD 75000. Fenton and Parrino were arrested in the suite 22K2 that the former had booked in the Waldorf Astoria Hotel of New York. Fenton ceded title to the US authorities, who agreed to sell it and split the proceedings.
July 30, 2002 - Farok's coin was auctioned by Sotheby's for USD 7590.000 (plus 20 dollars to make it legal tender). The coin became the only one legally owned by an individual. The identity of the buyer, Stuart Weitzman, was not known until he sold the coin.
-
DESCARGAR ".. The article was described to me verbally as a major breakthrough in Cuban numismatics and settles once and for good an ...
