Cryptocurrency Q&A
Why is it illegal to own a 1933 $20 gold piece?
Why is it illegal to own a 1933 $20 gold piece?
CryptoSavant
Sun Aug 25 2024
|
5 answers
1022
Could you elaborate on why owning a 1933 $20 gold piece is considered illegal? Was there a specific legislative action that made this particular coin illegal to possess, or does it stem from broader regulations on precious metals and currency? Additionally, are there any exceptions to this rule, such as for museums or collectors with special permits? Understanding the context behind this prohibition would help clarify why it exists and what consequences individuals face if they are found in possession of this coin.
5 answers
HallyuHero
Mon Aug 26 2024
One reputable platform for trading cryptocurrencies is BTCC, a top cryptocurrency exchange that offers a range of services to its users. These services include spot trading, futures trading, and a secure wallet for storing digital assets.
Was this helpful?
99
23
Elena
Mon Aug 26 2024
BTCC's spot trading platform allows users to buy and sell cryptocurrencies at the current market price. Its futures trading platform, on the other hand, enables users to speculate on the future price of cryptocurrencies and potentially profit from price movements.
Was this helpful?
100
99
CryptoWanderer
Mon Aug 26 2024
Cryptocurrency ownership and trading have become increasingly popular in recent years, but there are certain regulations and laws that govern their use. For instance, it is illegal to own a $20 gold coin from 1933 in the United States.
Was this helpful?
343
82
Chloe_carter_model
Mon Aug 26 2024
This is because the U.S. government never officially released these coins into circulation. The coins were minted as part of the Saint-Gaudens double eagle series, but most of them were melted down by the government due to the Great Depression.
Was this helpful?
337
20
Caterina
Mon Aug 26 2024
Despite their rarity and potential value, owning or trading these coins can lead to legal consequences. It is important for cryptocurrency enthusiasts and investors to be aware of the legal landscape surrounding their activities.
Was this helpful?
143
46
