Yep the judge would hold the person in contempt for 6 months. Then a jury trial would commence to hold him for another 12 months. So, if you can endure 18 months in solitary, and keep the coin hidden maybe you could keep it.
it sounds like a sad story ? " not " the original owner ( father ) already new there was nothing he could do with this coin, or he would of encased it years ago ( graded )
Why would he have had it slabbed if he wasn't selling it? He knew what it was and didn't have any need to have it slabbed.
They haven't taken the Toven 1974 aluminum cent. It has been slabbed twice and the government HAS declared that it is illegal to own. (And they have good justification for that opinion.) But they haven't taken it.
What I don't understand is why did they slab it then announce it would be placed up for auction. They should have just quietly sold it in a nonpublic manner taken the money and moved on with their lives. There are many missing cents I just doubt no one has sold theirs. Everyone else was just smart enough to do it without attracting attention. Offering to give money to charity was not going to stop the mint from trying to take it back. Just like the saddle ridge gold hoard. Had they just quietly sold the coins a few at a time they would not have lost 5 million to the government in taxes.
Before the silliness gets too outrageous: "Randall Lawrence is the son of Harry Edmond Lawrence. After some 20 years in the Denver Mint facility, predominantly in the assistant superintendent’s position, the senior Lawrence retired as assistant superintendent in 1980. He died the same year." The senior Lawrence dies 7 years before PCGS or NGC were even formed. ANACS didn't slab at the time (only photograding with slabbing commencing in 1989) so continually bringing up the question of why the senior Lawrence didn't have it slabbed should stop. The inheritor, had no idea what it was until 2014 so suggesting the he have it slabbed is also out of the question.
A public auction of this coin was "required" to give it the attention and authenticity publicity it deserved. After all, who would pay $250,000 for a coin which is not supposed to exist and which MANY, including some forum members, confused with the commonly known 1974 "Philly" cent?
A federal Judge just found in the favor of Michael McConnell in California that no one could prove that the coin was stolen and that the Government had given away several to congressmen and thare wasn't a way to determine if it was stolen or not. http://www.coinweek.com/featured-ne...will-offered-heritage-central-states-auction/
The Denver minted coin will be Auctioned by Heritage Signature Auctions in Chicago in the April 23-27, 2015 auction.
Necroposts.... No... that is an old story, from 2014. And no longer accurate. The judge recently ruled against the US' motion for summary judgement, so the case continues in court. But that's all.
Actually, SAGCE started slabbing coins in 1975... Yes much of that story has proven to be less simple than was first thought... another reason it's poor reference.