Featured Renewal of restrictions on coins from Italy - CPAC Meeting

Discussion in 'Ancient Coins' started by 7Triones, Jun 26, 2020.

  1. johnmilton

    johnmilton Well-Known Member

    This is all very disturbing. I had heard about this “previous owner” stuff, but how many run-of-the-mill Roman coins have a list of owners with them that goes back to 1970? Almost none. Dealers have sent me some old envelops and such, but what do they mean? I used to make those up for myself on a typewriter for my American coins, but that was after 1970.

    If this is going to be the game, then I guess ancient Roman coins are off the table. I guess this will give the FBI the right to walk into a coin show and confiscate dealers’ inventories and every coin in an auction because greedy Italian officials have been given the right to commandeer everything.

    If the Italians were really serious about other nationalities learning about their history and heritage, they would back off. I know I’ve learned a lot from my studies over past couple of years, but if I’ve thrown my money away on these coins because you can’t sell without having a foreign government steal them, I guess it’s to time to move to something else.
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  3. red_spork

    red_spork Triumvir monetalis Supporter

    This only applies to import, so the FBI or whoever can't walk into a show and start confiscating coins unless a dealer does something stupid like tell a stranger a coin was recently dug in Sicily Anything that you have reason to believe was recently looted is illegal under various other laws and is outside of the law being discussed here.
  4. Nathan B.

    Nathan B. Well-Known Member

    Hi johnmilton! I agree with you that it is disturbing, but don't worry too much yet. The US government is not about to confiscate your coins; the issue is only new ones coming in over the border that are covered by the MOU. For the record, I sent in a reply arguing against it. I'm hopeful that things will change soon.
  5. ACCLA-Mike

    ACCLA-Mike New Member

    Here is a link to the Ancient Coin Club of Los Angeles comment letter that we filed yesterday, opposing the addition of ancient coins to the Italy MOU:


    The comment deadline is July 8. The direct link to the docket where you can comment is:


    There is no restriction on the length of your comments but if they are longer than 5,000 characters you will need to upload them as an attached file (word or pdf files are fine).
    philologus_1, red_spork and DonnaML like this.
  6. Carausius

    Carausius Brother, can you spare a sestertius?

    For those concerned that their comments were not viewable on the website, a bunch were added to the website today. The viewable comments are still far fewer than those posted, but they will catch-up over time.
  7. Nicholas Molinari

    Nicholas Molinari Well-Known Member

    They arrived :)
  8. Carausius

    Carausius Brother, can you spare a sestertius?

    Looks like a summer jigsaw puzzle!
    Nicholas Molinari likes this.
  9. john65999

    john65999 Well-Known Member

    facebook is now implementing ban on sale of "artifacts" as well...
  10. Roma

    Roma Active Member

    Ed Snible, cmezner and DonnaML like this.
  11. Nicholas Molinari

    Nicholas Molinari Well-Known Member

  12. Co1ns

    Co1ns Active Member


    What a haul!
    Nicholas Molinari likes this.
  13. kazuma78

    kazuma78 Supporter! Supporter

    It looks like there are 341 comments now, but they have only actually posted and let you read about 70 of them for about a week now.
    Nathan B. likes this.
  14. Nathan B.

    Nathan B. Well-Known Member

    I noticed that, too. It concerns me.
  15. DonnaML

    DonnaML Supporter! Supporter

    I'm kind of skeptical that these people actually read the submissions they're required to solicit, as opposed to having their minds already made up one way or the other.
  16. red_spork

    red_spork Triumvir monetalis Supporter

    It's almost certainly the latter. CPAC actually advised against the current restrictions back in 2011 and then the state department ignored them and implemented them anyways, leading to the resignation of at least one member. If you look at the current makeup of CPAC, it is not surprising that the deck is completely stacked against private collectors.

    That said, opposing these regulations is important if for no other reason than to possibly give ammunition down the road to any politician who might be willing to pick this issue up. I actually contacted my senator recently to discuss this issue and the staffer I spoke with was appalled by the fact that the comments are always overwhelmingly against new regulations and are always ignored.
  17. kazuma78

    kazuma78 Supporter! Supporter

    I wonder the same thing. Not to be political, but that's what's wrong with politics and things like this. Instead of doing the right thing by truly evaluating the information and making an unbiased decision based on the facts, they decide based on their own opinions and biases. Very aggravating.
  18. Alegandron

    Alegandron "ΤΩΙ ΚΡΑΤΙΣΤΩΙ..." ΜΕΓΑΣ ΑΛΕΞΑΝΔΡΟΣ, June 323 BCE Supporter

    Very nice, and thank you.

    Musing: I wonder if there ever is a correlation between “appalled” and “action”...
  19. kazuma78

    kazuma78 Supporter! Supporter

    I sent my senator a message too. Hopefully eventually someone listens.
    DonnaML likes this.
  20. Nicholas Molinari

    Nicholas Molinari Well-Known Member

    My response is to buy more large lots of coins from overseas.
  21. jamesicus

    jamesicus Supporter! Supporter

    I will try and lighten things up a little bit.

    I do not think it is going to be too long before I “shuffle off this mortal coil”. I am thinking of telling Beverly to put my Ancient coins in the cremains urn with my ashes. That way if the authorities should come knocking on the door demanding to see my coins she can say: “he took them with him!”.

    Just a little silliness - I will remove this post if it offends anyone.

    BTW, I think Donna is right!
    Last edited: Jul 9, 2020
    octavius, Restitutor, DonnaML and 5 others like this.
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