Rare 'Double Eagle' Gold Coins Ruled Property of U.S., Not Collector's Family? What?

Discussion in 'Bullion Investing' started by fretboard, Jul 23, 2011.

  1. fretboard

    fretboard Defender of Old Coinage!

    What the heck, I thought this had already been decided. Someone is getting the screws, maybe because the Gov't is broke I don't know. What do you think?


    Ten rare $20 gold coins that could have been worth more than $40 million to a Philadelphia family are the rightful property of the U.S. Treasury, a Philadelphia jury has ruled.
    The "Double Eagles"—currently at Fort Knox-- had glistened for years in a safe deposit box belonging to Joan Langbord, 81, the daughter of jeweler Israel Switt, who the government contends illegally obtained the coins in the 1930s.
    The coins were among 445,000 Double Eagles made in 1933 when they were worth their face value of $20 each. They have an eagle on one side and a goddess of Liberty on the other side and are made from designs by sculptor Augustus Saint-Gaudens.
    In that Depression year, panicked citizens who didn't trust banks were hoarding gold, so President Franklin Roosevelt acted to save the banking system and ordered that gold coins be turned in for cash. He decreed that the newly minted Double Eagles coins should be melted down into gold bullion.
    "Those coins were all in a vault and were supposed to be melted. They were never issued," says Jacqueline Romero, assistant U.S. attorney in Philadelphia.
    She says that the 10 Double Eagles were stolen property, taken from the U.S. Mint in Philadelphia in the 1930s in an inside job, probably by a crooked cashier.

    The story is at the link
    http://abcnews.go.com/US/ten-rare-gold-coins-property-us-treasury-jury/story?id=14124595
     
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  3. Hobo

    Hobo Squirrel Hater

    I think this make four threads on this court decision.
     
  4. FryDaddyJr

    FryDaddyJr Junior Member

    why the **** are people being so stupid about this? the coins were stolen.
    no one is coming to get yer gold, goobers.
     
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