Safe Deposit Boxes

Safe Deposit Boxes seized by states and contents sold for revenue.





In 1993, personal holding of gold and silver was declared illegal. Safe deposit boxes were sealed until inspected for gold and silver.


By Executive Order Of The President of The United States, March 9, 1933
"By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933 ?, in which Congress declared that a serious emergency exists, I as President, do declare that the national emergency still exists; that the continued private hoarding of gold and silver by subjects of the United States poses a grave threat to the peace, equal justice, and well-being of the United States; and that appropriate measures must be taken immediately to protect the interests of our people."
Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possessions of gold and silver be tendered within fourteen days to agents of the Government of the United States for compensation at the official price, in the legal tender of the Government.

Keep in mind that American’s were compensated at an “official” price on $20.67, but that a subsequent 40% devaluation of the dollar pushed the POG up to $35 an ounce. Jewelers, dentists and coin dealers were exempt, but that would be scant consolation now, as it was back then.