The 33 was a regular issue that was recalled before any left the mint,so the ones that are in private posession were smuggled and liable to confiscation.(Reciept of stolen property)
Yes a few did slip out the door,but more were given out for approval and they can be legally owned.To tell you the truth there is not a Treasury Officer alive that can tell you the that your coin was smuggled or it was given out for approval.The only time that they can confiscate is if you try to use this coin as legal tender.My personal email is bayonnepd103@aol.com if you need more information.
Then why haven't these 2 people come out and let the coins been seen???....if they are alright to own then there is nothing for them to worry about??....sorry but I find this hard to believe untill there is proof in the open. Speedy
Same thing goes to say why dont I let the world know what I have in my collection?I guess when they are ready they will and I understand hesitation without proof.I have some very interesting coins in my posession that few have seen and have been told I should submit them to coin world for exposure,but I just never have.And If I could figure out how to post pictures on this forum I would show a few for opinion purposes.Just for arguments sake:Lets say you have 1 of these rare 64s.Would you submit them to the world of coin collecting without the fear of confiscation.Of course not.Nobody would.Until of course the Government clarifies that you could.
I dont own or possess this coin. Though i did have in my my hands for a few minutes.I was mainly trying to prove a point and meet up with an old friend..I have noticed quite a few coins going on the market in the past few years and noticed some of the rarities that my partner was lucky enough to purchase. A pr-69 morgan dollar that was up for auction a few months ago, was one of the coins that was bought from this private sale. I had thought that posessing this coin would lead to jail time or something other.I was just worried that my partner had simply disappeared.
Sure....why not because in a few posts above you said.... And I don't think they or I would be using them as legal tender...just to show to the world of coin collectors. Speedy
BTW--Why then did the 1933 $20 gold pieces get confiscatied this year....they wern't being used as legal tender???? Speedy
In the government's argument, the private citizen(s) holding the coins was possessing stolen property. They can always seize in that situation. It would be as if I stole my neighbor's lawn mower. The government can take the lawn mower from me even if I'm not using it to mow my lawn. I don't personally believe the coins were stolen, but that's up to the courts to decide.
The Congress is attempting to clearify the legality of many of these rare coins. They are setting Jan 1st 1933 as the cut off date so the 1913 Nickels will be legal but the '33 saints and '64 Peace will still be illegal to own. But......The law also says the Govt. should not destroy these coins but save them for display and if they decide they have more than they need the extras should be auctioned off makeing them legal to own as collectables. Check out HR5077.
There was an article about this in CW a few weeks ago. I'm glad to see we finally have a bill number.
I read the bill. It's a good start, but I have some concerns. I have some parliamentary background, and the wording of the bill is troublesome. The bill says the Treasury Secretary MAY do something (i.e. he MAY auction coins). When you use the word MAY like that, it means that he/she doesn't have to do the action following if, for whatever reason he/she wants to come up with, he/she doesn't want to. The proper wording, if the Treasury Secretary is to be forced to do what the bill wants, is SHALL or WILL (i.e she SHALL auction coins).
I think I met the fella you bought the coins with. I traded my entire collection including an 1893-S ms63 for the 64 peace...
It is always good when we can learn from a post. I enjoy finding out things that are in question, and this thread has answered some of that for me. Good Post Thanks Big Ed
