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U.S. Gold Coins

The first gold coins issued by the United States Mint were struck in 1795 and the last gold coins struck for circulation were minted in 1933. During those years, a total of seven United States Branch Mints produced gold coins: Philadelphia, New Orleans, San Francisco, Denver, Carson City, Dahlonega and Charlotte. The last two mints exclusively minted gold coins. During the Great Depression, by Executive Order 6102 issued by President Franklin D. Roosevelt, it became illegal for United States citizens to own gold coins. Millions were turned into the U.S. Treasury where they were melted into gold bars. It is estimated that ninety-nine percent of pre-1933 gold coins were destroyed and because of this, coins that had been relatively common became rare and very prized by collectors. On December 31st, 1971 President Gerald Ford signed restored the right of private ownership of gold.

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