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Heirs Lose Fight With Gov't to Keep Rare Gold Coins
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<p>[QUOTE="C Jay, post: 1229212, member: 13184"]This has been an interesting trial. For the most part, I agree with the verdict. Under the heading of "crime doesn't pay" Izzy Swift never made much money off these coins and had 8 of the illeged 20 coins seized as part of the 1933 gold confiscation law. The remaining 10 were found by his heirs in his safety deposit box wrapped up in a sandwich wrapper. It was property he couldn't sell. What I don't like about the trial is the demonization of the heirs on behalf of the government. They are the ones who sent them to the Treasury Department, who swore at that time that these coins did not exist, and had accounted for all 1933 Saint Gaudens. Apparently they were wrong. I would awarded a recovery fee to the family, even though their grandfather may have been a crook. The kids did the right thing, and unable to prove that a theft occured after two Secret Service investigations, the government did not.</p><p><br /></p><p><a href="http://www.coinworld.com/search/?q=10+1933+Trial&models=articles.article" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinworld.com/search/?q=10+1933+Trial&models=articles.article" rel="nofollow">http://www.coinworld.com/search/?q=10+1933+Trial&models=articles.article</a>[/QUOTE]</p><p><br /></p>
[QUOTE="C Jay, post: 1229212, member: 13184"]This has been an interesting trial. For the most part, I agree with the verdict. Under the heading of "crime doesn't pay" Izzy Swift never made much money off these coins and had 8 of the illeged 20 coins seized as part of the 1933 gold confiscation law. The remaining 10 were found by his heirs in his safety deposit box wrapped up in a sandwich wrapper. It was property he couldn't sell. What I don't like about the trial is the demonization of the heirs on behalf of the government. They are the ones who sent them to the Treasury Department, who swore at that time that these coins did not exist, and had accounted for all 1933 Saint Gaudens. Apparently they were wrong. I would awarded a recovery fee to the family, even though their grandfather may have been a crook. The kids did the right thing, and unable to prove that a theft occured after two Secret Service investigations, the government did not. [URL]http://www.coinworld.com/search/?q=10+1933+Trial&models=articles.article[/URL][/QUOTE]
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