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The REAL Story of the Langbord 1933’s
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<p>[QUOTE="Conder101, post: 4629070, member: 66"]Not really a "clever ploy", just following the law. 1933 double eagles were openly bought and sold, Farouk wanted one and his representative bought one. But under the law any gold coin being taken out of the country had to have an export license. So they applied for one. Such licenses were typically granted as a matter of course as long as the coin was dated 1933 or earlier and this one was granted as well and the coin was exported. This all took place before the Government suddenly decided that the coins were stolen. </p><p><br /></p><p>The fact the export license existed was never of much importance until it was used in the Fenton case as an argument that in the granting of the license, it had also recognized ownership as well. (How can you give a license to export something you don't own?) And the license was no surprise, it's existence had been known long before the Fenton case came up.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 4629070, member: 66"]Not really a "clever ploy", just following the law. 1933 double eagles were openly bought and sold, Farouk wanted one and his representative bought one. But under the law any gold coin being taken out of the country had to have an export license. So they applied for one. Such licenses were typically granted as a matter of course as long as the coin was dated 1933 or earlier and this one was granted as well and the coin was exported. This all took place before the Government suddenly decided that the coins were stolen. The fact the export license existed was never of much importance until it was used in the Fenton case as an argument that in the granting of the license, it had also recognized ownership as well. (How can you give a license to export something you don't own?) And the license was no surprise, it's existence had been known long before the Fenton case came up.[/QUOTE]
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