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33 Double Eagle at the Federal Reserve in NY?
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<p>[QUOTE="Conder101, post: 443346, member: 66"]That exhibit has been on display for several YEARS now and the 33 double eagle in the exhibit IS the Farouk coin that was confiscated from Fenton and then sold at auction in 2002.</p><p><br /></p><p>Actually it's kind of a nice little scam being run by the owner of the coin. You buy a coin that expensive it tends to cost a pretty penny for secure storage and insurance. By loaning it for the exhibit, he still owns it but secure storage and insurance is now the Federal Reserves headache. The Bass Foundation worked th same kind of scam with that portion of Harry Bass's collection that they didn't sell. Harry's will required the Foundaion to protect the collection and make it availableto scholors, students, researchers etc. So the Foundation got the ANA to remodel their museum, build all new exhibits, provide storage and insurance, and then LOANED the collection to the museum. Now the ANA now has to put up with the headache of dealing with the researchers and the Foundation has fulfilled the terms of the will at no cost to themselves allwing them to keep all of the endowment for maintanence of the collection for themselves.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 443346, member: 66"]That exhibit has been on display for several YEARS now and the 33 double eagle in the exhibit IS the Farouk coin that was confiscated from Fenton and then sold at auction in 2002. Actually it's kind of a nice little scam being run by the owner of the coin. You buy a coin that expensive it tends to cost a pretty penny for secure storage and insurance. By loaning it for the exhibit, he still owns it but secure storage and insurance is now the Federal Reserves headache. The Bass Foundation worked th same kind of scam with that portion of Harry Bass's collection that they didn't sell. Harry's will required the Foundaion to protect the collection and make it availableto scholors, students, researchers etc. So the Foundation got the ANA to remodel their museum, build all new exhibits, provide storage and insurance, and then LOANED the collection to the museum. Now the ANA now has to put up with the headache of dealing with the researchers and the Foundation has fulfilled the terms of the will at no cost to themselves allwing them to keep all of the endowment for maintanence of the collection for themselves.[/QUOTE]
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33 Double Eagle at the Federal Reserve in NY?
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