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Hand It Over !! U.S. Coins That Could Be Deemed Illegal To Own
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<p>[QUOTE="calcol, post: 5133924, member: 77639"]There is a legal principle that may apply (up to courts, of course) to coins obtained from the Mint without Mint’s permission and without criminal involvement of the obtainer or current owner. If a party claims a loss but has known the particulars for a considerable length of time (maybe coded in law or up to judges) and made no prior effort at recovery, then a court may effectively say “too late”. I’ve heard the terms acquiescence and laches used for this principle. Perhaps someone can explain the difference, if any.</p><p><br /></p><p>For pattern coins of the early 20th century and earlier and the 1913 liberty-head nickels, acquiescence should apply. These coins are well known, have been through countless public sales, and the current owners of many are known. I don’t know of any action by the government taken to recover them. For the 1933 double eagles, the government has stated repeatedly that they are all government property and has always attempted to recover them when they obtained knowledge of their existence.</p><p><br /></p><p>Got old patterns? Lucky you … you get to keep them. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 5133924, member: 77639"]There is a legal principle that may apply (up to courts, of course) to coins obtained from the Mint without Mint’s permission and without criminal involvement of the obtainer or current owner. If a party claims a loss but has known the particulars for a considerable length of time (maybe coded in law or up to judges) and made no prior effort at recovery, then a court may effectively say “too late”. I’ve heard the terms acquiescence and laches used for this principle. Perhaps someone can explain the difference, if any. For pattern coins of the early 20th century and earlier and the 1913 liberty-head nickels, acquiescence should apply. These coins are well known, have been through countless public sales, and the current owners of many are known. I don’t know of any action by the government taken to recover them. For the 1933 double eagles, the government has stated repeatedly that they are all government property and has always attempted to recover them when they obtained knowledge of their existence. Got old patterns? Lucky you … you get to keep them. :) Cal[/QUOTE]
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Hand It Over !! U.S. Coins That Could Be Deemed Illegal To Own
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