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<p>[QUOTE=&quot;GoldFinger1969, post: 2135661, member: 73489&quot;]My point is I believe the Langbord&#039;s -- certainly Joan -- knew about the coins. No way somebody has 10 gold coins -- Saints or otherwise -- in a safe-deposit box and isn&#039;t aware of them.&nbsp; Well, maybe Bill Gates or Warren Buffet. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p><b><i>Izzy Switt had the coins and KNEW that they would be seized. Pre-Farook and pre-exchange policy knowledge, NOBODY with a 1933 could PROVE they obtained it legally (i.e., by an exchange).</i></b></p><p><br /></p><p>Ownership of gold was ILLEGAL, 1933 or 1932 or 1931 or Saint or non-Saint, whatever.&nbsp; Only numismatic coins could be held.&nbsp; A new 1933 would not qualify as having numismatic value, even if worth $35-$40 to a guy in Philly or NY.</p><p><br /></p><p>So....since the BURDEN OF PROOF was on Switt/Langbord and anybody else with a 1933 DE, and unless you had a signed certificate (like the Farook coin) implying you got the coin WITHOUT THEFT INVOLVED, any ownership of a 1933 Saint-Gauden Double Eagle was assumed to have been the product of theft.</p><p><br /></p><p>Unless you had a certificate -- or a Movietones movie reel showing you doing a DE exchange -- you were in trouble.&nbsp; Even if it was possible or probable that you could point to an exchange, you needed PROOF. <span style="color: #0000ff"> <b>Even saying that you took a special trip to the Philly Mint from New York each year from 1923-1933 in January or February or March or whenever they were awaiting release to exchange some older Saints for a brand-new one would NOT cut it.</b></span></p><p><span style="color: #0000ff"><br /></span></p><p><span style="color: #000000">You had to have PROOF that the coin was legal or the government would use ALL their resources to get it back.</span></p><p><span style="color: #000000"><br /></span></p><p><span style="color: #000000">Look at what Jay Fenton went through to get the coin...and it was worth millions.....when Switt owned his coins, they were only worth a few hundred bucks, maybe a few thousand in the late-1940&#039;s.&nbsp; <b><i>Who&#039;s going to risk arrest, jail-time, and huge legal expenses back then ?&nbsp;&nbsp; Your legal expenses would dwarf your gain on the coins unless you had hundreds or thousands of them which nobody did.</i></b></span></p><p><span style="color: #000000"><br /></span></p><p><span style="color: #000000">The strangest thing in this whole saga to me is why the Langbord&#039;s sent all 10 coins to the Treasury for identification purposes.&nbsp; I would have sent 1 and hid the other 9. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></span>[/QUOTE]</p><p><br /></p>

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