The 10 1933 Saints of Isreal (Iizzy)Switt What do U think

I know the Government claim's there stolen.
But the thing that really burn's me up that The ANA & the Treasury has turn the 10 coin in to a traveling road show at all the mayor coin shows. and reap the money from showing them!

But this year in the case Justice Department what to bar expert testimony.that an all time low in my mind.
And the one they want to bar was one of there own consultant till he reported his finding! Q David Bowers

What do you think?????

 

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I see nothing wrong with the seized coins being displayed at major coin shows. It gives an opportunity for many people to see coins they would otherwise never see.

 

I see your point! but there $$$$ going to the wrong groups

But the law that make them stolen they should have been melted to.but now there a money make for group not a part of the government.
&
Is that not what the Smithsonian is for?After all we pay tax's for the upkeep and expenses of it.
Ha.Stacks,NGC PCGS to name but a few also reap extra sales

Same money could got to the poor and staving people here in the USA is that not a better use of the income for them????

 

There has been no final determination as to whether the coins belong to the family or not. It would be a shame to melt the coins and later a judge says the coins legally belong to the family.

 

There's too much stupid ideologies going on. Sure, melt them down and they are worth JUST gold bullion. OR sell them as government properties and make a profit, pay off state debts etc.

 

I wouldn't want to see them melted down, they are pieces of history...but I don't like to see them paraded around like a sideshow at a circus either. I'd put them in major museums around the country. One (at least) in the Smithsonian and distribute the rest as "loans" to various history museums around the country. That way, everyone can enjoy them...collectors or not.

 

I saw the 10 1933 Double Eagles at the 2006 ANA World's Fair of Money in Denver. It was anything but a circus sideshow. The 10 coins were displayed together very tastefully. I am glad I got the opportunity to see these famous coins without having to travel to Washington to see them at the Smithsonian. Displaying the coins at a major coin event seems better (to me) than displaying them in a museum that has very, very little to do with coins.

 

Have you ever been to the Smithsonian and seen their coin collection? If you haven't you should, it's quite spectacular. It's possibly one of the finest in the country (the finest I have ever seen) and something everyone who loves coins should see at one point in their life IMHO. I personally feel that 1 1933 Double Eagle belongs there.

 

That would be the smart thing for the government to do, but usually the government doesn't act in such a way. But... the government is tied up by the terms of the sale of the alleged Farouk specimen in that the terms of the arrangement specified that said coin would be the only legalized specimen to be sold...period.

So if potentially these coins were returned to the Langbords, the buyer of the Farouk coin could turn around and potentially sue the government for breach of contract.

It is a situation muddled in legal realities and vagueness.

 

I think the process is working fine.

 

Here is the crazy thing IMO..... The government is spending millions of our tax dollars trying this case when they very well know that they can sell all these coins for around 7 million each. OK, lets say the government sells the coins and splits the profits with the family... lets say that each coin sells for 3 million. That is 15 million that the government can make and use toward fiscally sound programs that benefit US citizens, but instead they choose to **** it all away trying to prove a 70 year old point. I think that the mint has opened the door when they monetized the Farouk specimen.

 

And on that same note, the coins should be in the judiciary vault, with NOBODY seeing them. They should be under lock and key, so to speak, and not paraded around the nation. If final determination is dealt, and the coins are found to have been "stolen", then they are property of the People of the U.S. They should be melted down as the law required, barring any act of Congress declaring them a national treasure.

But, until all decisions and appeals are exhausted, the coins should be vaulted, for the eyes of the court and the parties involved only, as all evidence and exhibits should be.

 

Hmm, Wonder if Congress has figured out how much income would come from trotting out 1964 Peace Dollar dies and striking 5,000 ( 1000 "First Strikes" :rolling:, 4000 GSA pack) for auction. Or perhaps "find" several thousands aluminum cents to auction. If they don't do it soon, the Chinese will be offering them on ebay.

Jim

 

thare just makeing a big deal about nothing it happend in 1933 get over it, just give the
coins back whare thay found them

 

While I agree, with you...they should auction them off and use the money instead of making a big stink about them being illegal after over 70 years, I wonder how much they would actually get. We throw around that 7 million dollar figure as if they are each worth that...but that was the price paid for the single legal specimen. If there was suddenly 10 more legal specimens out there, how much would they each bring? I doubt you could get that much for each of them. That would "flood the market" for lack of a better phrase. Sure, they would all be worth a lot...but not nearly that much.

Lets assume the coins sell for $1 million apiece (which I don't know if they would go that high)...the government has raised $10 million. When we're living in a world of billion dollar government programs and trillions in debt...$10 million is pocket change.

Also, it's nice to assume that the government would use them toward "fiscally sound programs"...but that's a completely different and unrelated argument that doesn't belong here.

 

At the Denver ANA World's Fair of Money the coins were guarded by several armed Mint Police. When they were not on display I am sure the coins were safely stored in a vault under lock and key.

And is displaying these coins at a major coin show or two exactly parading them around the nation?

I'm done with this topic.

 

Unfortunately, you can no longer go to the Smithsonian and view the national coin collection. It was deemed to be not enough of an attraction, so it was dismantled, packed away into the archives and its space in the building given to some other piece of history that is more generationally friendly, perhaps a display of ancient cell phones from the 80's or some such thing. It was disappointing to watch it be dismantled like that as if each coin was some trinket rather than a piece in the greater part of one of the most magnificent collections on earth.
Regardless, I too saw the 33s at the 2006 World's fair. And while they were pretty to behold, I still believe that the treasury's story, look at the govt property we found and are preserving, rather than here is some property sent in for authentification that we seized and are now exhibiting for profit is quite a bit of horse puckey. The govt. took those coins because they could, plain and simple.

 

Thank you!
And if the government keep excusing witnesses like Q David Bowers. the family will never get them back!

 

What nobody has answered in any of the discussions I have seen regarding these coins is who in the world thought it was a good idea to have the government have them authenticated? The heirs that found these in a safe deposit box surely had heard all the legends, well you would think they had, since Israel Switt was at the centre of the whole fiasco.

The Mint is taking the 9/10ths law to hand, possession is 9/10ths of the law as the old saying goes.

 

Ah, but therein lies the rub. The "alleged" Farouk specimen's only evidence was "the word" of some former Egyptian Officer or someone similar. Nobody has be able to produce the Export Certificate Farouk got to ship the coin out of the USA. Heck, someone at the National Archives could find it given some time. But since thats missing, how can we be sure that coin was the specimen?