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The King Farouk 1933 double eagle
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<p>[QUOTE="Troodon, post: 26061489, member: 4626"]It's not so much they were arguing Customs could monetize a coin. Their argument was: King Farouk was basically asking permission to take the coin out of the country, and a US government official signed the declaration form without raising any objections, effectively giving him permission to do so, which in effect was the US government saying it was legal for a private individual to won the coin. Would that argument have convinced a jury? It might have... and the US Treasury department didn't want to take that chance, because of the precedent it would have set, so they chose to settle out of court as a compromise.</p><p><br /></p><p><br /></p><p><br /></p><p>As to the 1913 Liberty Head nickels (note there's only 5, not 8, known to exist): It was pretty clear whoever minted them wasn't officially directed to do so, and while I can't prove what their motives were, I highly doubt they were entirely innocent; there's no way they thought that what they were doing was legal. Nobody who had the access necessary to do that would have reasonably believed that. But well, no proof as to who did it exactly, and obviously the statue of limitations has long since expired lol (that and the culprit is likely no longer alive). But Treasury just chooses to not acknowledge them as official issues of the US Mint, and thus they take no official stance about the legality of owning them. (And whatever is not illegal, is legal.)</p><p><br /></p><p>Who did it and why can really only be guessed at, and may never be conclusively proven (though there are a few strong suspects).[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 26061489, member: 4626"]It's not so much they were arguing Customs could monetize a coin. Their argument was: King Farouk was basically asking permission to take the coin out of the country, and a US government official signed the declaration form without raising any objections, effectively giving him permission to do so, which in effect was the US government saying it was legal for a private individual to won the coin. Would that argument have convinced a jury? It might have... and the US Treasury department didn't want to take that chance, because of the precedent it would have set, so they chose to settle out of court as a compromise. As to the 1913 Liberty Head nickels (note there's only 5, not 8, known to exist): It was pretty clear whoever minted them wasn't officially directed to do so, and while I can't prove what their motives were, I highly doubt they were entirely innocent; there's no way they thought that what they were doing was legal. Nobody who had the access necessary to do that would have reasonably believed that. But well, no proof as to who did it exactly, and obviously the statue of limitations has long since expired lol (that and the culprit is likely no longer alive). But Treasury just chooses to not acknowledge them as official issues of the US Mint, and thus they take no official stance about the legality of owning them. (And whatever is not illegal, is legal.) Who did it and why can really only be guessed at, and may never be conclusively proven (though there are a few strong suspects).[/QUOTE]
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