1959-D Wheat is a FRAUD - Feds will confiscate

Discussion in 'US Coins Forum' started by Peter T Davis, Sep 20, 2002.

  1. Peter T Davis

    Peter T Davis Hammer at the Ready Moderator

    Front page, Coin World, just got the issue.

    Apparantly, some criminal is claiming to have made it. The Feds are going to confiscate it. Couple of points of discussion. 1, can we believe the criminal? Coin World describes him as a "convicted forger and murderer" but give credence to his story by making it front page news. 2, Feds are going to confiscate it, how's that going to effect the coin market with the Feds going around confiscating coins, while at the same time they're allowing older coins that they used to want to confiscate to be legally sold (for the moment).

    LOL
     
    Johndoe2000$ likes this.
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  3. A Barnes

    A Barnes New Member

    Ge those Feds are just gon to take it? Can I see that article? Where is the link?
     
  4. flacoins

    flacoins New Member

    http://www.coinworld.com/News/093002/News-4.asp
     
  5. mbbiker

    mbbiker New Member

    If their is a 59 wheat could their be a 1964 Franklin half?
     
  6. laz

    laz New Member

    1959-D "mule"

    In the same issue under Auction Previews" it mentions that this Cent is to be auctioned on September 23-24 by Ira & Larry Goldberg Coins & Collectibles.I wonder how this news about a possible confiscation will affect that? :oops: If they do confiscate this coin,it'll surprise me.It has already been determined that the Sacagawea "mules" were stolen property and never issued,yet the Secret Service has not acted to obtain these coins. ~ Laz
    http://groups.yahoo.com/group/ErrorWorld
    [​IMG]
     
  7. craton

    craton New Member

    I don't know what to think about it. It saddens me really because I really want the coin to be authentic. It puts another black mark on the error community if you ask me. If it is indeed fake, I'm ok with the feds confiscating it I guess. If I were the owner I'd be one p.o.'ed person but it's a high stakes coin and Id assume that he knew that is part of the game.
    I have the article here but have been too lazy to read it. Maybe I'll post another message after I have done so.
     
  8. Jess

    Jess Senior Member

    8)
    Personally if the coin is not genuine it should be pulled from the market place as an error and relisted as a counterfiet piece. The fed is probably going to confiscate to figure out how it was accomplished to add that to their database. If it is fake I feel rather bad for the person who bought it originally.
     
  9. laz

    laz New Member

    1959-D "mule"

    The 1959-D Cent "mule" was withdrawn from the Ira and Larry Goldberg Auction 2 hours prior to the start of the Auction.Larry Goldberg stated that they decided to wait until the investigation was finished on the supposed counterfeiter.It shows more than that,it shows that the folks are honest :!: If the government decides to confiscate and destroy the coin,the new owner would be stuck for whatever the cost of this coin would be.I'm sure these people know that playing"the good guy" is very good for buisness too :) and why not get something back of this possible loss?If they do lose it,they will have paid for the good press,and if they get to keep the coin they win twice 8) ~ Jim
     
  10. craton

    craton New Member

    Re: 1959-D "mule"

    So, are you saying that ALL of the known sac mules have been deemed illegal by the Secret Service? I know that some of them have been but I thought that others had been cleared.

    Jason
    http://groups.yahoo.com/group/errorcoininformationexchange/
     
  11. Rare-Tim

    Rare-Tim Active Member

    Electroplating!!!!
     
  12. Rare-Tim

    Rare-Tim Active Member

    He is Possibly the best forger this century!!! He even forged documents from prison.
     
  13. bkozak33

    bkozak33 Collector

  14. Paul M.

    Paul M. Well-Known Member

    I think it probably is a forgery. Hofmann described a credible process for making it to Charles Larson (author of Numismatic Forgery) in prison. This, combined with the fact that only one has ever been discovered and the near impossibility of exactly one coin being struck or multiple coins being struck and only one ever found, just seals it for me.

    That said, I think the secret service shouldn't confiscate it. It's a valuable numismatic piece in its own right, just like other contemporary counterfeit coins.
     
    JCro57 likes this.
  15. Treashunt

    Treashunt The Other Frank

    anyone else realize that this thread is from 2002?
     
  16. ldhair

    ldhair Clean Supporter

    I wonder where the coin is today?
     
    MKent likes this.
  17. MKent

    MKent Well-Known Member

    silentnviolent likes this.
  18. Coinchemistry 2012

    Coinchemistry 2012 Well-Known Member

    I have long questioned the government's confiscation policy as incredibly vague, arbitrary, and inconsistent. It very much has a Potter Stewart "I know it when I see it" quality about it. Unfortunately, the general public cannot read the government's mind. I wonder what is next. What about the 1913 Liberty Head Nickels?
     
  19. 19Lyds

    19Lyds Member of the United States of Confusion

    Given the subject matter? Yes.
     
  20. bdunnse

    bdunnse Who dat?

  21. enamel7

    enamel7 Junior Member

    Why would you bring up this older than dirt topic? Also, what's electroplating got to do with anything about this coin?
     
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