Interesting Article in Philadelphia Paper

Discussion in 'US Coins Forum' started by mcarney1173, Aug 1, 2009.

  1. mcarney1173

    mcarney1173 Senior Member

    Found this one today, the guy had 10 1933 Gaudens!!!!!!!!!!!!!!!!

    click to read the larger version
     

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  3. Hobo

    Hobo Squirrel Hater

  4. hontonai

    hontonai Registered Contrarian

    Not really. The trial court decision was made a couple of days ago in litigation initiated by the Israel Switt descendants who turned in the coins for authentication a few years ago, only to have them confiscated.

    The fight is far from over. Next step will be the government's forfeiture action being filed before the end of September, after which the case will either be settled or tried. (The chances that the government won't file the action are fat, slim, and none.)

    If it is tried, a jury will place a value on the coins and the government will either have to pay that amount, or surrender the coins.

    Of course unless there is a settlement there will be appeals. The government will probably ask the trial judge for permission to file an immediate appeal of his ruling, which is not likely to be given; but might lead to an early appellate ruling.

    If the case goes to trial the probability of appeal is 99.999999999%. Either side could appeal over the size of the jury's award - too high or too low depending on which side of the table you're sitting on - and the government can appeal the basic ruling requiring forfeiture proceedings.

    Federal appeals take a long time, so Judge Sotomayor may be ready to retire by the time the case finally reaches the Supreme Court!
     
  5. Hobo

    Hobo Squirrel Hater

    You are correct that the recent court decision is new news. I was referring to the fact that someone had 10 1933 Double Eagles is old news.

     
  6. RWB

    RWB Member

    Appropriate ad placement in the newspaper clipping. :)
     
  7. Snowman

    Snowman Senior Member

    Yeah, this is old news but i hope the judge tells the mint to release the coins.
    This might make other coins come out of the closet like the 1964 Peace dollar and 1974 Aluminum cents if they exsist ? The mint should of never made them in the 1st place if they consider them illegal to own.
     
  8. Conder101

    Conder101 Numismatist

    The existance of the 1964-D Peace dollars is still undetermined but there is no question about the existance of the 1974 aluminum cents. There is one in the Smithsonian, and another has bee authenticated by two of the major TPG's.

    At the time they made the 1964-D Peace dollars it was a legally authorized production coin. In the case of the 1974 aluminum cents they were a test run for a coin which they expected authorization to be passed for shortly. (At the time it looked very strongly that the authorization would be passed and the cents in 1974 would be made of aluminum. So even though it was still 1973 the test run coins were dated 1974. It was planned that after the authorization was passed the test coins could simply be put into circulation with the rest of the regular 1974 cents.) But then the price of copper plummeted and pressure to pass the authorization evaporated. (We came very close to having 2009 copper plated steel cents, and then avoided them for the same reason.)
     
  9. CrustyCoins

    CrustyCoins Twilight Photographer

    Nothing to click on for the OP but I am following this case closely and am looking forward to the September court date set yesterday by the Judge.
     
  10. RWB

    RWB Member

    Anyone having chocolate replicas made?
     
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