Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Known Provenance and Legality of Owning 1933 Double Eagles
>
Reply to Thread
Message:
<p>[QUOTE="calcol, post: 2904931, member: 77639"]There are 14 of the 1933 double eagles known to exist: 2 in the Smithsonian; the 10 Langbord coins, which are now firmly in the grasp of the U.S. Treasury Dept.; the Farouk coin, which is legally and privately held; and one coin known to exist in private hands, but the government doesn't appear to know whose hands. There are rumors of others in private hands, but at least there are pictures of the one.</p><p><br /></p><p>The government undoubtedly knows the name of the person who acquired the Farouk coin in the Stacks auction. Fast forward 20 or more years though, and this coin could exchange hands multiple times without the government knowing the ownership trail. Possibly there could be no traceable documents of the coin changing hands.</p><p><br /></p><p>So, at some distant date, suppose two 1933 DEs surface in separate private hands and both owners claim it's the Farouk coin. Would the government be able to prove one is and one isn't the Farouk coin? There are high resolution photos of the Farouk coin, but would they be good enough to distinguish it from the non-Farouk coin? This could be difficult if there are decades of toning and new nicks or even wear on both coins. After decades, the provenance and originally of the photos of the Farouk coin could be challenged too. The old film and paper photos could have degenerated or disappeared, or were low resolution from the outset. Digital photos are easy to alter.</p><p><br /></p><p>Maybe the government would take the Solomon approach and demand one-half of each coin. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Legal ownership was established for the Farouk coin, and the government may eventually have to allow it for more than one coin if it can't clearly distinguish newly appearing coins from the Farouk coin. They won't have the advantage they had with the Langbord coins in that those coins could not be confused with the Farouk coin. Suppose a single coin surfaces and the government doesn't think it looks quite like the Farouk coin, but the owner claims it is the Farouk coin. What then? Who would have the burden of proof, and would a judge and jury be able to decide?</p><p><br /></p><p>Of course if the Farouk coin remains in the public eye by being displayed frequently or gets donated or sold to a museum fairly soon while its provenance is still traceable, then the whole issue of future identity is put to rest.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 2904931, member: 77639"]There are 14 of the 1933 double eagles known to exist: 2 in the Smithsonian; the 10 Langbord coins, which are now firmly in the grasp of the U.S. Treasury Dept.; the Farouk coin, which is legally and privately held; and one coin known to exist in private hands, but the government doesn't appear to know whose hands. There are rumors of others in private hands, but at least there are pictures of the one. The government undoubtedly knows the name of the person who acquired the Farouk coin in the Stacks auction. Fast forward 20 or more years though, and this coin could exchange hands multiple times without the government knowing the ownership trail. Possibly there could be no traceable documents of the coin changing hands. So, at some distant date, suppose two 1933 DEs surface in separate private hands and both owners claim it's the Farouk coin. Would the government be able to prove one is and one isn't the Farouk coin? There are high resolution photos of the Farouk coin, but would they be good enough to distinguish it from the non-Farouk coin? This could be difficult if there are decades of toning and new nicks or even wear on both coins. After decades, the provenance and originally of the photos of the Farouk coin could be challenged too. The old film and paper photos could have degenerated or disappeared, or were low resolution from the outset. Digital photos are easy to alter. Maybe the government would take the Solomon approach and demand one-half of each coin. ;) Legal ownership was established for the Farouk coin, and the government may eventually have to allow it for more than one coin if it can't clearly distinguish newly appearing coins from the Farouk coin. They won't have the advantage they had with the Langbord coins in that those coins could not be confused with the Farouk coin. Suppose a single coin surfaces and the government doesn't think it looks quite like the Farouk coin, but the owner claims it is the Farouk coin. What then? Who would have the burden of proof, and would a judge and jury be able to decide? Of course if the Farouk coin remains in the public eye by being displayed frequently or gets donated or sold to a museum fairly soon while its provenance is still traceable, then the whole issue of future identity is put to rest. Cal[/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
>
Known Provenance and Legality of Owning 1933 Double Eagles
>
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...