0
Finest Known
Order Today: 888-900-9948 Login
  • Coins For Sale
    • Small Denomination
      • Copper Type Coins
      • Nickel Type Coins
      • Three Cent Silver
    • Early Coinage
      • Early American Silver
      • Early American Gold
      • American Colonials
      • Ancient Greek Coins
      • Ancient Roman Coins
    • Silver Coinage
      • Seated Liberty Silver
      • Silver Barber Coins
      • 1916 Silver Liberties
      • Morgan Silver Dollars
      • Peace Dollars
    • Gold Coinage
      • Liberty Head Gold
      • Indian Princess Gold
      • Indian Gold Coins
      • Gold Double Eagles
    • Other
      • Territorials Items
      • Commemoratives
      • Treasure
      • Utah Goldbacks
      • Nevada Goldbacks
      • Other
  • Shop By Category
    • Blank
      • $20 Double Eagle
      • $10 Gold Eagle
      • $5 Half Eagle
      • $1, $2.50 & $3 Gold
      • Silver Dollars
      • Other Silver
      • Cents-Nickels
    • Blank
      • Colonial
      • Territorial
      • Commemoratives
      • Ship Of Gold
      • Rare Ingots
      • Treasure
      • Civil War Money
    • Blank
      • Key Date Rarities
      • Finest Known
      • Top-100 Greatest
      • Proof Grade
      • Proof-Like
      • CAC Sticker
      • VAM Dollars
    • Blank
      • Best Values
      • Featured Items
      • Internet Specials
  • Top-10 to Buy Now
    • Blank
      • Buy Key Date Rare Coins
      • Buy Type I $20 Liberties
      • Buy Carson City Silver Dollars
      • Buy GSA Holder Silver Dollars
      • Buy SS Central America Coins
    • Blank
      • Buy Finest Known Specimens
      • Buy $2.50 Quarter Eagle Indians
      • Buy Private and Territorial Issues
      • Buy Walking Liberty Half Dollars
      • Buy Rare Gold Monetary Ingots
  • How To Purchase Best
    • Blank
      • 14 Reasons to Put Money in Money
      • Why Quality Coins over Quantity
      • Why Collect Morgan Silver Dollar
      • Why Purchase Indian Head Gold
      • 3 Most Beautiful Silver Liberties
    • Blank
      • Buy Early U.S. Gold Coinage
      • Why Purchase Proof Coins
      • Buy Top-100 Greatest US Rare Coins
      • Civil War Money Introductory Sets
      • Books, Catalogs and Literature
  • TV Specials
    • $49 Morgan Silver Dollar Offer
    • Special 20+1 Silver Dollars
    • Special 50+1 Silver Dollars
  • Latest News
  • 0
Order Today: 888-900-9948
Close
  • Coins For Sale
    • Small Denomination
      • Copper Type Coins
      • Nickel Type Coins
      • Three Cent Silver
    • Early Coinage
      • Early American Silver
      • Early American Gold
      • American Colonials
      • Ancient Greek Coins
      • Ancient Roman Coins
    • Silver Coinage
      • Seated Liberty Silver
      • Silver Barber Coins
      • 1916 Silver Liberties
      • Morgan Silver Dollars
      • Peace Dollars
    • Gold Coinage
      • Liberty Head Gold
      • Indian Princess Gold
      • Indian Gold Coins
      • Gold Double Eagles
    • Other
      • Territorials Items
      • Commemoratives
      • Treasure
      • Utah Goldbacks
      • Nevada Goldbacks
      • Other
  • Shop By Category
    • Blank
      • $20 Double Eagle
      • $10 Gold Eagle
      • $5 Half Eagle
      • $1, $2.50 & $3 Gold
      • Silver Dollars
      • Other Silver
      • Cents-Nickels
    • Blank
      • Colonial
      • Territorial
      • Commemoratives
      • Ship Of Gold
      • Rare Ingots
      • Treasure
      • Civil War Money
    • Blank
      • Key Date Rarities
      • Finest Known
      • Top-100 Greatest
      • Proof Grade
      • Proof-Like
      • CAC Sticker
      • VAM Dollars
    • Blank
      • Best Values
      • Featured Items
      • Internet Specials
  • Top-10 to Buy Now
    • Blank
      • Buy Key Date Rare Coins
      • Buy Type I $20 Liberties
      • Buy Carson City Silver Dollars
      • Buy GSA Holder Silver Dollars
      • Buy SS Central America Coins
    • Blank
      • Buy Finest Known Specimens
      • Buy $2.50 Quarter Eagle Indians
      • Buy Private and Territorial Issues
      • Buy Walking Liberty Half Dollars
      • Buy Rare Gold Monetary Ingots
  • How To Purchase Best
    • Blank
      • 14 Reasons to Put Money in Money
      • Why Quality Coins over Quantity
      • Why Collect Morgan Silver Dollar
      • Why Purchase Indian Head Gold
      • 3 Most Beautiful Silver Liberties
    • Blank
      • Buy Early U.S. Gold Coinage
      • Why Purchase Proof Coins
      • Buy Top-100 Greatest US Rare Coins
      • Civil War Money Introductory Sets
      • Books, Catalogs and Literature
  • TV Specials
    • $49 Morgan Silver Dollar Offer
    • Special 20+1 Silver Dollars
    • Special 50+1 Silver Dollars
  • Latest News
  • Account Login

Feds Settle – 1933 Saint Set to be Sold

Rare Coin News

January 30, 2001 Rare Coin News Monaco Rare Coins

Coin Expected to Set New World Record: 1933 King Farouk $20 Saint-Gaudens Set to be Sold

Justice is finally served after a five-year court battle comes to a close. The 1933 Saint-Gaudens $20 double eagle seized in 1996 by the Secret Service has been authorized for private ownership after an earth shattering out-of-court settlement reached on January 25.

The agreement was signed between the U.S. Justice Department and British dealer Stephen C. Fenton. The 1996 seizure of the coin has come under significant criticism by the numismatic community with most people claiming the coin belongs in public hands. I, for one, am very happy, as the settlement should greatly benefit the industry. The industry will benefit because the settlement specifies the coin will be sold! And the proceeds will be split between Mr. Fenton, the coins rightful owner, and the government, whose share will go to the U.S. Mint’s Enterprise Fund.

Since this is only the second time the Federal Government has authorized private ownership of a 1933 Double Eagle, there has been much enthusiasm generated by this landmark agreement. The first authorization came in 1944 when the government issued an export license for the coin given to Egypt’s King Farouk, which the Fenton coin is believed to be. In fact, the case of the last five years hinged on that coin’s export license.

The government so strongly believes this coin is the Farouk coin that the recent settlement calls the coin the “Fenton-Farouk specimen,” for which it will be forever known. This coin is so rare and so historically significant, I fully anticipate it will become the most valuable coin ever traded, eclipsing the $4.1 million mark set by the sale of the 1804 Bust Dollar. I look for this treasure to auction at more than five million dollars!

The sale of the 1933 Double Eagle will capture the imagination of every financial and collector publication and should raise the bar once again on values of classic numismatic rarities. Events such as these increase the public’s awareness of coin collecting and investment, and therefore are good for all coin collectors, investors and dealers.


  • Newsletter
  • Be Among the First to Know of Breaking News and Special Offers on Amazing Rare Coins.
  • This field is for validation purposes and should be left unchanged.

For a confidential, personal consultation on buying or selling specific rare coins, call Monaco Rare Coins today: 888-900-9948

Free Carson City Morgan Silver Dollar Book
Sell Your Coins to Monaco Rare Coins

Archives by Year

  • 2018 (3)
  • 2017 (2)
  • 2016 (9)
  • 2015 (10)
  • 2014 (5)
  • 2013 (4)
  • 2012 (12)
  • 2011 (12)
  • 2010 (7)
  • 2009 (13)
  • 2008 (8)
  • 2007 (3)
  • 2006 (5)
  • 2005 (10)
  • 2004 (8)
  • 2003 (1)
  • 2002 (6)
  • 2001 (6)
  • 2000 (4)
  • 1999 (7)
  • 1998 (259)
  • Back to Blog
  • Prev
  • Next
FOR MORE INFORMATION
888-900-9948
Contact Us
Sell Your Coins
Payment Methods
About Monaco
Terms of Sale
Terms of Use
Privacy Policy
© 2021 Monaco Rare Coins
All Rights Reserved.
Facebook