More on 1933 Double Eagle

Discussion in 'US Coins Forum' started by Santinidollar, Jun 4, 2018.

  1. Santinidollar

    Santinidollar Supporter! Supporter

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  3. YoloBagels

    YoloBagels Well-Known Member

    if they melt it down there will be riots.
     
    GoldFinger1969 likes this.
  4. baseball21

    baseball21 Well-Known Member

    I wish they would just melt them. If they aren't going to sell them they could at least stop wasting money on them
     
    TypeCoin971793 likes this.
  5. YoloBagels

    YoloBagels Well-Known Member

    How are they wasting money on them?
     
  6. Nathan401

    Nathan401 Quis custodiet ipsos custodes?

    Litigation, for one. It don't come cheap.
     
  7. coinzip

    coinzip Well-Known Member

    I was at this presentation, the mint sent Greg Weinman, 2 Secret Service Agents, and 2 1933's.

    Greg Weinman, Attorney, US Mint, Video Producer, David Lisot, CoinTelevision.com. The US Mint announces a major display of the 1933 gold Double Eagles and related material.

     
    Last edited: Jun 4, 2018
  8. Santinidollar

    Santinidollar Supporter! Supporter

    Litigation wasn’t a waste in this case. It kept an arrogant family from collecting millions of dollars by selling stolen government property. Money well spent in this humble taxpayer’s opinion.
     
  9. baseball21

    baseball21 Well-Known Member

    Complete waste of time and money the entire thing from start to finish
     
  10. Santinidollar

    Santinidollar Supporter! Supporter

    To me, the court case was a refreshing reminder that anything DOESN’T go, despite what too many people believe and expect.
     
  11. baseball21

    baseball21 Well-Known Member

    To me it's been nothing but corruption from the start and backroom dealings. They're just protecting the one they had ownership in and we have no idea what did or did not happen in those days. The gold was right though so they should at least have to replace the gold they took from the family since if they supposedly stole it they replaced the gold. It's been a joke the entire time to spend 10s if not 100s of millions over many decades chasing something that doesn't matter instead of making money off the taxes of the sales.
     
  12. justafarmer

    justafarmer Senior Member

    Melting the coins will not recoup all the monies spent to date.
     
  13. baseball21

    baseball21 Well-Known Member

    Neither would selling them but either way would put it to rest. They're either destroyed and more money isn't wasted dragging them around the country or they recoup a little money selling them
     
  14. Walter1969

    Walter1969 New Member

    I have a better idea, they could sell them all to pay off some of the national debt.
     
  15. petronius

    petronius Duke

    No risk of melting :D

    Greg Weinman, senior legal counsel of the Mint, at the Pennsylvania Association of Numismatists spring show, said that "the 10 never-issued gold double eagles that have been secured at Fort Knox since their recovery by the U.S. Mint in 2005 will never be melted. In fact, although the Mint considers the 10 1933 gold pieces as “chattel,” that is, government property, holding that they were never monetized, or legally issued as money, the bureau also embraces the gold pieces as “national treasures.”

    https://www.coinworld.com/news/us-c...-double-eagles-safe-from-fed-destruction.html

    petronius :)
     
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  16. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    Since the Langboard specimens have been officially declared stolen government property, why can’t the government monetize them, put them up for auction, and just pocket the proceeds? It is a less-stupid solution to a stupid situation.
     
    GoldFinger1969 and Dougmeister like this.
  17. Dougmeister

    Dougmeister Well-Known Member

    @TypeCoin971793 for President! ;-)
     
  18. baseball21

    baseball21 Well-Known Member

    Because of backroom deals on the first one most likely.
     
    thomas mozzillo likes this.
  19. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    That thought has crossed my mind. It’s value would take a serious hit.
     
    GoldFinger1969 likes this.
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