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Double Eagle (U.S. Coin)
A double eagle is a gold coin of the United States with a denomination of $20. (Its gold content of 0.9675 troy oz (30.0926 grams) was worth $20 at the 1849 official price of $20.67/oz.) The coins are 34 mm x 2 mm and are made from a 90% gold (0.900 fine = 21.6 kt) and 10% copper alloy and have a total weight of 1.0750 troy ounces (33.4362 grams). The eagle, half eagle, and quarter eagle were defined by name in the Act of Congress originally authorizing them. Likewise, the double eagle was created by the Coinage Act of 1849. Since the $20 gold piece had twice the value of the eagle, these coins were designated "double eagles". Before, the most valuable American coin was the $10 gold eagle, first produced in 1795, two years after the United States Mint opened. The production of the first double eagle coincided with the 1849 California Gold Rush. In that year, the mint produced two pieces in proof. The first now resides in the Smithsonian Institution in ...
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Theodore Roosevelt
Theodore Roosevelt Jr. ( ; October 27, 1858 – January 6, 1919), often referred to as Teddy or by his initials, T. R., was an American politician, statesman, soldier, conservationist, naturalist, historian, and writer who served as the 26th president of the United States from 1901 to 1909. He previously served as the 25th vice president of the United States, vice president under President William McKinley from March to September 1901 and as the 33rd governor of New York from 1899 to 1900. Assuming the presidency after Assassination of William McKinley, McKinley's assassination, Roosevelt emerged as a leader of the History of the Republican Party (United States), Republican Party and became a driving force for United States antitrust law, anti-trust and Progressive Era, Progressive policies. A sickly child with debilitating asthma, he overcame his health problems as he grew by embracing The Strenuous Life, a strenuous lifestyle. Roosevelt integrated his exuberant personalit ...
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Stella (United States Coin)
The United States four dollar coin, also officially called a Stella, is a unit of currency equivalent to four United States dollars. It was originally minted as a universal coin exchangeable with any currency around the world. Two varieties of the Stella were made: Liberty with flowing hair, designed by Charles E. Barber, and with coiled hair, designed by George T. Morgan. The flowing hair variety is the most commonly seen variety. Even though the coin was designed as a pattern coin, similar to the Gobrecht dollar, many catalogs list the coin as a regular-issue item. History The Stella was a pattern coin produced to explore the possibility of joining the Latin Monetary Union (LMU); these patterns were produced in 1879 and 1880 at the urging of John A. Kasson, a former chairman of the United States House Committee on Coinage, Weights, and Measures. The Stella was meant to contain a quantity of precious metal similar to that of the standard LMU gold piece, the twenty-franc Napoleo ...
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In God We Trust
"In God We Trust" (also rendered as "In God we trust") is the United States national motto, official motto of the United States and of the U.S. state of Florida. It was adopted by the U.S. Congress in 1956, replacing ("Out of many, one"), which had been the ''de facto'' motto since the initial design of the Great Seal of the United States. While the earliest mentions of the phrase can be found in the mid-19th century, the origins of this phrase as a political motto lie in the American Civil War, where Union (American Civil War), Union supporters wanted to emphasize their attachment to God and to boost morale. The capitalized form "IN GOD WE TRUST" first appeared on the Two-cent piece (United States), two-cent piece in 1864; it was not printed on Federal Reserve Note, paper currency until 1957 and on some postage stamps until 1954. A law passed in July 1955 by a joint resolution of the 84th United States Congress, 84th Congress () and approved by President Dwight Eisenhower requ ...
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Fort Knox
Fort Knox is a United States Army installation in Kentucky, south of Louisville and north of Elizabethtown. It is adjacent to the United States Bullion Depository, which is used to house a large portion of the United States' official gold reserves, and with which it is often conflated. The base covers parts of Bullitt, Hardin and Meade counties. It currently holds the Army Human Resources Center of Excellence, including the Army Human Resources Command. It is named in honor of Henry Knox, Chief of Artillery in the American Revolutionary War and the first United States Secretary of War. For 60 years, Fort Knox was the home of the U.S. Army Armor Center and the U.S. Army Armor School, and was used by both the Army and the Marine Corps to train crews on the American tanks of the day; the last was the M1 Abrams main battle tank. The history of the U.S. Army's Cavalry and Armored forces, and of General George S. Patton's career, is shown at the General George Patton Museum ...
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United States Bullion Depository
The United States Bullion Depository, often known as Fort Knox, is a fortified vault building located next to the United States Army post of Fort Knox, Kentucky. It is operated by the United States Department of the Treasury. The vault is used to store a large portion of the United States' gold reserves as well as other precious items belonging to or in custody of the federal government. It currently holds roughly of gold bullion, over half of the Treasury's stored gold. The United States Mint Police protects the depository. The Treasury built the depository in 1936 on land transferred to it from the military. Its purpose was to house gold then stored in New York City and Philadelphia, in keeping with a strategy to move gold reserves away from coastal cities to areas less vulnerable to foreign military attack. The first set of gold shipments to the depository occurred during the first half of 1937. A second set was completed in 1941. These shipments, overseen by the United St ...
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National Numismatic Collection
The National Numismatic Collection is the national coin cabinet of the United States. The collection is part of the Smithsonian Institution's National Museum of American History. Overview The National Numismatic Collection comprises approximately 1.6 million objects and is one of the world's largest and most diverse collections of coins, paper currency, medals, commodity currencies, financial instruments, exonumia, and related items. As the collection of record for the U.S. monetary system, it holds the collections of the U.S. Mint, Treasury, and Bureau of Engraving and Printing. In addition, it includes collections donated by individual collectors and private institutions, such as the collection of the Chase Manhattan Bank Money Museum. History Until 2004, the exhibit housing the Collection was the last surviving exhibit from the Smithsonian Institution's National Museum of American History's original 1964 arrangement. In late 2004, the exhibit was closed, and the obj ...
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Egypt
Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediterranean Sea to the north, the Gaza Strip of Palestine and Israel to the northeast, the Red Sea to the east, Sudan to the south, and Libya to the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Cairo is the capital and largest city of Egypt, while Alexandria, the second-largest city, is an important industrial and tourist hub at the Mediterranean coast. At approximately 100 million inhabitants, Egypt is the 14th-most populated country in the world. Egypt has one of the longest histories of any country, tracing its heritage along the Nile Delta back to the 6th–4th millennia BCE. Considered a cradle of civilisation, Ancient Egypt saw some of the earliest developments of writing, agriculture, ur ...
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King Farouk
Farouk I (; ar, فاروق الأول ''Fārūq al-Awwal''; 11 February 1920 – 18 March 1965) was the tenth ruler of Egypt from the Muhammad Ali dynasty and the penultimate King of Egypt and the Sudan, succeeding his father, Fuad I, in 1936. His full title was "His Majesty Farouk I, by the grace of God, King of Egypt and the Sudan". As king, Farouk was known for his extravagant playboy lifestyle. While initially popular, his reputation eroded due to the corruption and incompetence of his government. He was overthrown in the 1952 coup d'etat, and forced to abdicate in favour of his infant son, Ahmed Fuad, who succeeded him as Fuad II. Farouk died in exile in Italy in 1965. His sister, Princess Fawzia Fuad, was the first wife and consort of the Shah of Iran, Mohammad Reza Pahlavi. Early life and education He was born as ''His Sultanic Highness'' Farouk bin Fuad, Hereditary Prince of Egypt and Sudan, on 11 February 1920 (Jumada al-Awwal 21, 1338 A.H.) at Abdeen Palace, Ca ...
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Gold Reserve Act
The United States Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury. It also prohibited the Treasury and financial institutions from redeeming dollar bills for gold, established the Exchange Stabilization Fund under control of the Treasury to control the dollar's value without the assistance (or approval) of the Federal Reserve, and authorized the president to establish the gold value of the dollar by proclamation. Immediately following passage of the Act, the President, Franklin D. Roosevelt, changed the statutory price of gold from $20.67 per troy ounce to $35. This price change incentivized gold miners globally to expand production and foreigners to export their gold to the United States, while simultaneously devaluing the U.S. dollar by increasing inflation. The increase in gold reserves due to the price change resulted in a la ...
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Saint-Gaudens Double Eagle
The Saint-Gaudens double eagle is a twenty-dollar gold coin, or double eagle, produced by the United States Mint from 1907 to 1933. The coin is named after its designer, the sculptor Augustus Saint-Gaudens, who designed the obverse and reverse. It is considered by many to be the most beautiful of U.S. coins. In 1904, President Theodore Roosevelt sought to beautify American coinage, and proposed Saint-Gaudens as an artist capable of the task. Although the sculptor had poor experiences with the Mint and its chief engraver, Charles E. Barber, Saint-Gaudens accepted Roosevelt's call. The work was subject to considerable delays, due to Saint-Gaudens's declining health and difficulties because of the high relief of his design. Saint-Gaudens died in 1907, after designing the eagle and double eagle, but before the designs were finalized for production. After several versions of the design for the double eagle proved too difficult to strike, Barber modified Saint-Gaudens's design, low ...
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