Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Judge upholds government's claim to $80M in rare gold coins
>
Reply to Thread
Message:
<p>[QUOTE="Copper Head, post: 1527658, member: 26489"]September 07, 2012</p><p>FoxNews.com</p><p><br /></p><p><br /></p><p>Ten of the rarest and most valuable coins in the world were almost certainly stolen from the federal mint in Philadelphia and therefore belong to the U.S. government and not heirs of a coin dealer who found them in his safe deposit box, a federal judge ruled.</p><p> </p><p>The Augustus Saint-Gaudens double eagles $20 pieces were among some 445,500 struck during the Great Depression. But nearly all were pulled out of circulation within weeks as President Roosevelt ordered U.S. banks to abandon the gold standard. It was originally believed that all but a pair of the double eagles was melted down into gold bars. One of the surviving coins fell into the hands of King Farouk of Egypt, and sold for more than $7.5 million at a Sotheby's auction in the summer of 2002.</p><p><br /></p><p>But in 2003, three grandchildren of a coin dealer named Israel Swift found 10 if the coins in a safe deposit box after Swift's death. It turned out the coins had been given to Swift by Philadelphia Mint cashier George McCann years ago. The coins were seized by the government when the heirs took them to the mint seeking authentication. Since then, Swift's grandchildren, Joan, Roy and David Langbord, have been battling in court to prove they are the rightful owners of the coins.</p><p><br /></p><p>Read more: <a href="http://www.foxnews.com/us/2012/09/07/rare-double-eagle-coins-should-be-forfeited-to-us-judge/#ixzz25nih3Qdd" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.foxnews.com/us/2012/09/07/rare-double-eagle-coins-should-be-forfeited-to-us-judge/#ixzz25nih3Qdd" rel="nofollow">http://www.foxnews.com/us/2012/09/07/rare-double-eagle-coins-should-be-forfeited-to-us-judge/#ixzz25nih3Qdd</a></p><p><br /></p><p>Moral: If you find coins like these, don't go to the Mint for authentication.[/QUOTE]</p><p><br /></p>
[QUOTE="Copper Head, post: 1527658, member: 26489"]September 07, 2012 FoxNews.com Ten of the rarest and most valuable coins in the world were almost certainly stolen from the federal mint in Philadelphia and therefore belong to the U.S. government and not heirs of a coin dealer who found them in his safe deposit box, a federal judge ruled. The Augustus Saint-Gaudens double eagles $20 pieces were among some 445,500 struck during the Great Depression. But nearly all were pulled out of circulation within weeks as President Roosevelt ordered U.S. banks to abandon the gold standard. It was originally believed that all but a pair of the double eagles was melted down into gold bars. One of the surviving coins fell into the hands of King Farouk of Egypt, and sold for more than $7.5 million at a Sotheby's auction in the summer of 2002. But in 2003, three grandchildren of a coin dealer named Israel Swift found 10 if the coins in a safe deposit box after Swift's death. It turned out the coins had been given to Swift by Philadelphia Mint cashier George McCann years ago. The coins were seized by the government when the heirs took them to the mint seeking authentication. Since then, Swift's grandchildren, Joan, Roy and David Langbord, have been battling in court to prove they are the rightful owners of the coins. Read more: [url]http://www.foxnews.com/us/2012/09/07/rare-double-eagle-coins-should-be-forfeited-to-us-judge/#ixzz25nih3Qdd[/url] Moral: If you find coins like these, don't go to the Mint for authentication.[/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
>
Judge upholds government's claim to $80M in rare gold coins
>
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...