Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Rare 'Double Eagle' Gold Coins Ruled Property of U.S., Not Collector's Family? What?
>
Reply to Thread
Message:
<p>[QUOTE="fretboard, post: 1229726, member: 19765"]What the heck, I thought this had already been decided. Someone is getting the screws, maybe because the Gov't is broke I don't know. What do you think?</p><p><br /></p><p><br /></p><p> Ten rare $20 gold coins that could have been worth more than $40 million to a Philadelphia family are the rightful property of the U.S. Treasury, a Philadelphia jury has ruled. </p><p> The "Double Eagles"—currently at Fort Knox-- had glistened for years in a safe deposit box belonging to Joan Langbord, 81, the daughter of jeweler Israel Switt, who the government contends illegally obtained the coins in the 1930s. </p><p> The coins were among 445,000 Double Eagles made in 1933 when they were worth their face value of $20 each. They have an eagle on one side and a goddess of Liberty on the other side and are made from designs by sculptor Augustus Saint-Gaudens. </p><p> In that Depression year, panicked citizens who didn't trust banks were hoarding gold, so President Franklin Roosevelt acted to save the banking system and ordered that gold coins be turned in for cash. He decreed that the newly minted Double Eagles coins should be melted down into gold bullion. </p><p> "Those coins were all in a vault and were supposed to be melted. They were never issued," says Jacqueline Romero, assistant U.S. attorney in Philadelphia. </p><p> She says that the 10 Double Eagles were stolen property, taken from the U.S. Mint in Philadelphia in the 1930s in an inside job, probably by a crooked cashier. </p><p><br /></p><p>The story is at the link </p><p><a href="http://abcnews.go.com/US/ten-rare-gold-coins-property-us-treasury-jury/story?id=14124595" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://abcnews.go.com/US/ten-rare-gold-coins-property-us-treasury-jury/story?id=14124595" rel="nofollow">http://abcnews.go.com/US/ten-rare-gold-coins-property-us-treasury-jury/story?id=14124595</a>[/QUOTE]</p><p><br /></p>
[QUOTE="fretboard, post: 1229726, member: 19765"]What the heck, I thought this had already been decided. Someone is getting the screws, maybe because the Gov't is broke I don't know. What do you think? Ten rare $20 gold coins that could have been worth more than $40 million to a Philadelphia family are the rightful property of the U.S. Treasury, a Philadelphia jury has ruled. The "Double Eagles"—currently at Fort Knox-- had glistened for years in a safe deposit box belonging to Joan Langbord, 81, the daughter of jeweler Israel Switt, who the government contends illegally obtained the coins in the 1930s. The coins were among 445,000 Double Eagles made in 1933 when they were worth their face value of $20 each. They have an eagle on one side and a goddess of Liberty on the other side and are made from designs by sculptor Augustus Saint-Gaudens. In that Depression year, panicked citizens who didn't trust banks were hoarding gold, so President Franklin Roosevelt acted to save the banking system and ordered that gold coins be turned in for cash. He decreed that the newly minted Double Eagles coins should be melted down into gold bullion. "Those coins were all in a vault and were supposed to be melted. They were never issued," says Jacqueline Romero, assistant U.S. attorney in Philadelphia. She says that the 10 Double Eagles were stolen property, taken from the U.S. Mint in Philadelphia in the 1930s in an inside job, probably by a crooked cashier. The story is at the link [url]http://abcnews.go.com/US/ten-rare-gold-coins-property-us-treasury-jury/story?id=14124595[/url][/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
>
Bullion Investing
>
Rare 'Double Eagle' Gold Coins Ruled Property of U.S., Not Collector's Family? What?
>
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...