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1933 Double Eagle has sold for $18,872,250
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<p>[QUOTE="KBBPLL, post: 7662049, member: 104064"]I understand your point, but the courts decided it was in fact the Farouk coin, and I imagine the "chain of custody" to Weitzman is fairly solid - he is after all the only owner after it was monetized. I don't see much risk for a TPG saying "this is the same coin the court monetized". Sure, Weitzman could have swapped it for another 1933, but then the "real" Farouk coin becomes illegal to own. Playing musical chairs with 1933s wouldn't do anybody any good. And isn't this the same issue as any provenance they put on a slab? How do you really know it was the same coin Eliasberg had?</p><p><br /></p><p>I don't know what evidence was presented in court to prove that this 1933 is in fact the one that got the export license ~90 years ago, but I think we can be certain that this is the same one that got legalized. As for why they didn't just slab it, or why CAC "stickers" something that isn't slabbed - yes, that sounds fishy, but I don't see anything nefarious. Maybe they just figured that somebody who pays $18.9 million for a coin wants to hold it in their hand and drool on it.[/QUOTE]</p><p><br /></p>
[QUOTE="KBBPLL, post: 7662049, member: 104064"]I understand your point, but the courts decided it was in fact the Farouk coin, and I imagine the "chain of custody" to Weitzman is fairly solid - he is after all the only owner after it was monetized. I don't see much risk for a TPG saying "this is the same coin the court monetized". Sure, Weitzman could have swapped it for another 1933, but then the "real" Farouk coin becomes illegal to own. Playing musical chairs with 1933s wouldn't do anybody any good. And isn't this the same issue as any provenance they put on a slab? How do you really know it was the same coin Eliasberg had? I don't know what evidence was presented in court to prove that this 1933 is in fact the one that got the export license ~90 years ago, but I think we can be certain that this is the same one that got legalized. As for why they didn't just slab it, or why CAC "stickers" something that isn't slabbed - yes, that sounds fishy, but I don't see anything nefarious. Maybe they just figured that somebody who pays $18.9 million for a coin wants to hold it in their hand and drool on it.[/QUOTE]
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1933 Double Eagle has sold for $18,872,250
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