Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
33 Double Eagle at the Federal Reserve in NY?
>
Reply to Thread
Message:
<p>[QUOTE="Troodon, post: 443262, member: 4626"]There is the one, the King Farouk one (well it's widely believed to be that one, evidence strongly suggests it is)... that after a big legal fight, the government decided to make legal, after getting part of the auction proceeds. Was sold at auction in 2002 to an anonmous buyer (still nobody knows who it is... was rumored to be Bill Gates at one time but that has been disproven) for about $7.6 million, the highest amount ever paid for a coin. It's the only 1933 double eagle the government currently considers legal to privately own. Logic dictates it has to be that one; if it wasn't, whoever had it wouldn't be publcily displaying it, lest the government seize it!</p><p><br /></p><p>When ANA's World Series of Money came to Denver a while ago, they displayed the 10 1933 double eagles seized from the descendants of Israel Switt, I got to see those (Switt's heirs were trying to dispute the government's seizure... haven't heard anything about it for a while, but don't think they've been succesful, at least not yet).</p><p><br /></p><p>So there's a sum total of 13 known to exist... the 10 Switt ones, currently held by the government... 2 in the Smithsonian... and the only one the government currently considers legal to privately own that was bought in the 2002 auction.</p><p><br /></p><p>If any others exist, whoever has them is keeping quiet about it, lest the government seizes them. Unless they can ever come up with a legal argument that they can legally own them that will stick in court (the legality of owning them has never been court tested... the single legal one was made legal after an out of court settlement).[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 443262, member: 4626"]There is the one, the King Farouk one (well it's widely believed to be that one, evidence strongly suggests it is)... that after a big legal fight, the government decided to make legal, after getting part of the auction proceeds. Was sold at auction in 2002 to an anonmous buyer (still nobody knows who it is... was rumored to be Bill Gates at one time but that has been disproven) for about $7.6 million, the highest amount ever paid for a coin. It's the only 1933 double eagle the government currently considers legal to privately own. Logic dictates it has to be that one; if it wasn't, whoever had it wouldn't be publcily displaying it, lest the government seize it! When ANA's World Series of Money came to Denver a while ago, they displayed the 10 1933 double eagles seized from the descendants of Israel Switt, I got to see those (Switt's heirs were trying to dispute the government's seizure... haven't heard anything about it for a while, but don't think they've been succesful, at least not yet). So there's a sum total of 13 known to exist... the 10 Switt ones, currently held by the government... 2 in the Smithsonian... and the only one the government currently considers legal to privately own that was bought in the 2002 auction. If any others exist, whoever has them is keeping quiet about it, lest the government seizes them. Unless they can ever come up with a legal argument that they can legally own them that will stick in court (the legality of owning them has never been court tested... the single legal one was made legal after an out of court settlement).[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
33 Double Eagle at the Federal Reserve in NY?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...