Message:

<p>[QUOTE=&quot;Tom B, post: 1528525, member: 11854&quot;]The family knew exactly what they had and they also knew that it was illegal for them to sell or even own the coins prior to forcing the Federal government to monetize them and declare them legal. Therefore, it may be likely that they and their attorneys forumulated a plan that would require the court system to recognize that they were legally obtained. Their gamble did not pay off thus far.</p><p><br /></p><p>As for FDR and <a href="http://www.presidency.ucsb.edu/ws/index.php?pid=14611&amp;st=&amp;st1" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.presidency.ucsb.edu/ws/index.php?pid=14611&amp;st=&amp;st1" rel="nofollow">http://www.presidency.ucsb.edu/ws/index.php?pid=14611&amp;st=&amp;st1=</a>, there is considerable misunderstanding in the public. The Order did require folks to surrender gold bullion, gold coinage and gold certificates to the Federal government, but the Federal government paid people for these items with an equivalent value in silver or paper notes. Also, each person was allowed to keep $100 face value in gold coins or gold certificates, which was roughly the equivalent of $5,000 face value in today&#039;s funds. Additionally, gold coins with special numismatic value were specifically exempt from this Order and did not need to be surrendered. The order also allowed gold to transfer freely from businesses to individuals and back as long as there was some type of professional or industrial need for the gold in the future. Essentially, enough safeguards were built into the Order that all the gold coinage and gold certificates that the government ever issued could have theoretically been saved without being turned in for redemption and exchange. </p><p><br /></p><p>What makes these double eagles different than other coins is that the Federal government has argued that they did not authorize the release of these pieces and that the pieces in private hands were obtained before the coinage was monetized.&nbsp; Thus, the Federal government claims they are illegal to own and those who have them must prove that they were obtained legally.[/QUOTE]</p><p><br /></p>

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