10 more 1933 Double Eagles to be legal

Doug
Yes, there was (about) a two day window when the coins could be obtained, legally.

The apparent problem is that the transactions were not properly recorded.

That is how a few $10 eagles were released. So, how are the $10 eagles okay, and the Double Eagles are not?

Ah, there is another question, for another day.

 

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“Yes, there was (about) a two day window when the coins could be obtained, legally.”
[The period was approximately 3 weeks, not 2 days. Mint records are conflicting about whether the Cashier had 250 1933 DE in his possession during this time.]

“The apparent problem is that the transactions were not properly recorded.”
[Gold-for-gold transactions did not have to be “recorded” since there was no net change in gold in the Cashier’s vault]

“That is how a few $10 eagles were released. So, how are the $10 eagles okay, and the Double Eagles are not?”
[$10 eagles were released earlier in the year, including ones sold by Treasury to collectors. There has never been any question about their collectable status.]

 

okay.

 

I think the Family has been through far too much and should a very large settlement and all legal fee's paid.
while the government dragged there feet B&S hoping the family would run out of money to get there inheritances back

After all they toured them like a 10 headed dog in traveling show for the last 2 years and made Big $$$$$$

that 2 cent plus fee's

 

Thanks everybody, that helps.

It seems to me that there should be no problems with the owning of these coins, because they was a time frame of which they were legal to own, and the government cannot say how they obtained them. I think the government should just lay off, there is no harm in letting some gold coins legal to own, I mean, seriously, who, other than people in numismatics, or people just stumbling across it, will actually care?
I mean, this is kinda stupid, once you think about it. It is a gold coin, not a nuclear weapon!

 

Thanks for the clarification RWB.

So if they were legally available for a few weeks how can there be any question as to the legality of these 10 coins? Why are they said to be stolen? Why is the government so pushy on this matter?

 

The CW article might clarify some of these discussion points for many readers.

 

Do you know how many times they have "all been accounted for"?

After the gld recall and melt there were two in the Smitsonial and all the rest had been destroyed and they were "all accounted for"

From the mid thirties to 1944 the coins are openly bought and sold and even advertised for sale.

Then Farouk gets an export license for one.

Then one cin is placed in a Stacks auction, the first time one was to be auctioned (the rest had all been private sales) A reporter asks questions of the government as to why such a recent coin would be so valuable. The government investigates decides they are illegal and traces nine coins They confiscate eight and Farouk has the ninth. They announce that "all the coins have now been accounted for".

A couple years later Eliasburg asks if since all nine "stolen" coins have been accounted for, can he keep his tenth one? No, OK NOW they are all accounted for!

Then Izzy's family turns up ten MORE coins. The government now has those and they say they have all been accounted for.

But there is a picture fro 1980 out there of yet another specimen that doesn't match any of the known coins.

So that is two in the Smithsonian, nine confiscated and destroyed in the forties, the Fenton/Farouk coin, the ten Izzy coins, and the one photographed coin. That two that have been in the governments hands all along and 20, possibly 21 that trace to Izzy.
(There were also some claims from people who were at the 1954 Farouk sale that the coin in that auction is NOT the same coin as the Fenton/Farouk coin. So it could still be outthere or it could be the one in the 1980 photo.) There were stories long ago that Izzy at one time had 25 coins. If that was true, we've now seen 21 of them meaning there COULD be as many as four more of them out there. But of course , THEY'VE ALL ALREADY BEEN ACCOUNTED FOR. The government says so.........again

 

Isn't that basically what I said here more than a week ago, and referred to in this thread here?

 

If the story of these coins really interests you, there is a book that covers the story from past to present called Illegal Tender by David Tripp. It's an interesting history of the mint and the politics of coins. A good read.

 

WOW - Moen1305 - talk about long-time-no-see!
It's nice to see you buddy!

Speedy

 

Hey Speedy! I've been around a bit. I travel too much and am way too busy to come here too often. Nice to hear from ya though. :high5:

 

Also read "Double Eagle" by Alison Frankel - a more "legal world" approach to the same story.