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Message:: [QUOTE="GoldFinger1969, post: 26811345, member: 73489"]There are what appear to be some contradictions.  I'm not a lawyer, and the ability to determine what is "controlling" and what is "dicta" is key.  Section 20 cited above focuses on "recognized special (numismatic) value" with the exception of Quarter Eagles ($2.50 gold coins). Section 20 is then said to NOT authorize any holdings which were not considered "rare" under the key Gold Reserve Dates of April 5th, August 28th, and December 28th 1933. The coin had to be "rare" at that time. But.....the ending of the memorandum states a bunch of conditions for determining "rare" or "special value" as examined by collectors/numismatists....and ultimately... these coins are expected to sell at a premium to gold @ $35/oz. It then sums up everything with: the Courts are going to want to see an INTENTION to violate the GRA....and if you have someone paying a premium you're going to have difficulty with intent.  It cites a 1937 case "U.S. vs. 98 $20 United States Gold Coins" which I believe is the Israel Switt case where his briefcase full of $2,000 in double eagles was seized.  The case said the government had to prove an INTENTION -- burden of proof on the feds. Ergo....if someone paid a premium....the govt has an uphill battle and Treasury higher-ups are saying it's not worth it to go for forfeitures in this case.  Ergo....stay away from coin collectors, dealers, and numismatists transacting in premium-priced coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" />[/QUOTE]

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