Langbord-Switt 1933 Double Eagle Case

Today, the US Court of Appeals Third Circuit decided in favor of the US Government in the long-running Langbord-Switt 1933 Double Eagle case.

The court opinion link:

http://www2.ca3.uscourts.gov/opinarch/124574p2.pdf

From the decision:

The evidence at trial demonstrated overwhelmingly that no 1933 Double Eagle ever left the Mint through authorized channels and any that did were either stolen or embezzled.

Once the jury had spoken, the District Court declared that the 1933 Double Eagles had always been property of the United States. Although the benefit of hindsight has convinced us that certain errors were committed in the conduct of the trial, they did not affect the outcome. We will affirm the judgment of the District Court.

 

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m bs as always from our government

 

That sucks! I'll bet those judges were only concerned about keeping their jobs.

Chris

 

King Farouk is laughing today because he got away with it.


Egypt Silver Hexagonal Two Piastres 1944 - King Farouk

 

Well, there's at least one other out there in addition to the Farouk specimen and the ten Langbord specimens. It'll stay underground for a while or maybe surface outside the U. S. I hope the U.S. government doesn't melt the Langbord coins. It would make the most sense for the government to auction them and bring in a few million bucks. Think they'll do it?

Cal

 

Farouk (deceased) didn't get away with anything, but the US government sure did. As part of the agreement to permit the sale of the Farouk specimen, the Feds got half of the more than $7 million proceeds from the auction.

This never ceases to amaze me. They will lie, cheat and steal for a measly $3.5 million, but think nothing of spending $19 trillion they don't have.

Chris

 

I'll bet the lawyers are laughing.

 

They'll probably just sit in a resume vault making an occasional appearance like the rest of them assuming this is the end of the road for the case. With the value of those coins there is certainly plenty of incentive or a big money backer to front the legal funds for a piece of it.

 

Very true.... China has it mostly

 

They might have a problem if they wanted to sell them. I still recall an agreement with the buyer of the "Farouk" specimen that they would never monitize another one. Would selling them violate that agreement? (Probably not) But would they potentially be damaging him by greatly reducing the value of his unique piece? Could he claim damages because their action hurt him because it was assumed the "Farouk" coin would be the only one.

 

What kind of agreement are we talking about here (eg signed written statement, public statement ect) and who was the party that made it?

 

Americans own 67.5% of the US National Debt. China owns 6.8%. Japan owns another 5.8%.

 

Bottom line: Those coins, as the court noted, are stolen government property. Anyone who possesses stolen property -- either knowingly or unknowingly -- risks losing it through seizure. I believe the court issued the correct decision under the law.

 

I think we should institute a new rule, here, that bans supporters of numismatic seizure by the government. Either that, or make them wear garters 24/7.

Chris

 

Are you doing okay? Something seems off lately.

 

I can agree with that

 

It will be interesting to see what happens. Hopefully the government does not melt them and puts them in the Smithsonian instead. If they melt them I bet the outrage will be immense from the numismatic community will be intense. May have to boycott the Mint if that happens. Make them keep even more of their failed products. Lol... BTW, does the Smithsonian have any '33 double eagles could not remember.

 

Yeah, 2 were sent to the Smithsonian before the majority were melted.

 

Why they don't just get this over with?? Maybe both side can come up with a solution so both can win. Another thing if I were to find something like this I would have sell them out of the US . Our governments are so greedy that they would want it all for themselves. This is why did these people didn't just keep their mouth shut about this find ???

 

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