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1944 Gold Coin Treasury Memorandum (& other cool stuff)
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<p>[QUOTE="GoldFinger1969, post: 26811837, member: 73489"]<b>You make some good points, the note is pretty clear. </b></p><p><br /></p><p>A simple paying of a premium is enough for Treasury to tell Secret Service to not waste their time. Not only are the courts likely to use any premium payment as de facto evidence of numismatic and special value....but you may have the force of a fact-finding by a court, backed up by professional numismatists, that these coins are of "special value" and that you can't prove intent based on the <b><i>U.S. vs. 98 Double Eagles</i></b> case.</p><p><br /></p><p>The government may have won the battle (against Israel Switt) but lost the war (against legitimately licensed coin dealers and numismatists).</p><p><br /></p><p>I doubt the government tries anything like the 1930's again because the numerical advantage it had then with minimal financial asset ownership, including gold, is today 10-20x as large. It would be like banning private home ownership.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 26811837, member: 73489"][B]You make some good points, the note is pretty clear. [/B] A simple paying of a premium is enough for Treasury to tell Secret Service to not waste their time. Not only are the courts likely to use any premium payment as de facto evidence of numismatic and special value....but you may have the force of a fact-finding by a court, backed up by professional numismatists, that these coins are of "special value" and that you can't prove intent based on the [B][I]U.S. vs. 98 Double Eagles[/I][/B] case. The government may have won the battle (against Israel Switt) but lost the war (against legitimately licensed coin dealers and numismatists). I doubt the government tries anything like the 1930's again because the numerical advantage it had then with minimal financial asset ownership, including gold, is today 10-20x as large. It would be like banning private home ownership.[/QUOTE]
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1944 Gold Coin Treasury Memorandum (& other cool stuff)
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