Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
US coins that are illegal to own?
>
Reply to Thread
Message:
<p>[QUOTE="Troodon, post: 453983, member: 4626"]There is proof that they did at one time exist; there isn't any verifiable proof that any still do (though it is a popular subject of speculation lol...)</p><p><br /></p><p>Probably wouldn't be legal to own if it did exist. As far as I know though, the legality of ownership of any coin has never actually been tested in court. Scenario usually goes like one of the following:</p><p><br /></p><p>1. Treasury says a coin someone has is not legal to own; holder of the coin voluntarily gives it to the Treasury to avoid the legal hassles. (Example: Most of the 1933 double eagles, save one that has been declared legal, and 10 that are in dispute).</p><p><br /></p><p>2. A coin that might not be legal to own the Treasury decides not to do anything about. (Example: The 1913 Liberty nickels.)</p><p><br /></p><p>3. A coin that the Treasury considers to generally be illegal to own, it declares there are specific exceptions for certain individual pieces (example, a single 1974 aluminum cent the Treasury declared legal to own, and the single 1933 double eagle it declared legal).</p><p><br /></p><p>It will be interesting to see how the legal fight over the 10 double eagles in dispute ends up. It will be the first time a legal precedent will be established on the matter.</p><p><br /></p><p>P.S. It is worth mentioning that patterns are still in a legal grey area... there has been much speculation on whether or not they are legal to own but the Treasury has made no firm statements on the matter. The Treasury has never confiscated any patterns as far as I know... but they also haven't explicitly delcared them legal to own (haven't declared them illegal either though.)[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 453983, member: 4626"]There is proof that they did at one time exist; there isn't any verifiable proof that any still do (though it is a popular subject of speculation lol...) Probably wouldn't be legal to own if it did exist. As far as I know though, the legality of ownership of any coin has never actually been tested in court. Scenario usually goes like one of the following: 1. Treasury says a coin someone has is not legal to own; holder of the coin voluntarily gives it to the Treasury to avoid the legal hassles. (Example: Most of the 1933 double eagles, save one that has been declared legal, and 10 that are in dispute). 2. A coin that might not be legal to own the Treasury decides not to do anything about. (Example: The 1913 Liberty nickels.) 3. A coin that the Treasury considers to generally be illegal to own, it declares there are specific exceptions for certain individual pieces (example, a single 1974 aluminum cent the Treasury declared legal to own, and the single 1933 double eagle it declared legal). It will be interesting to see how the legal fight over the 10 double eagles in dispute ends up. It will be the first time a legal precedent will be established on the matter. P.S. It is worth mentioning that patterns are still in a legal grey area... there has been much speculation on whether or not they are legal to own but the Treasury has made no firm statements on the matter. The Treasury has never confiscated any patterns as far as I know... but they also haven't explicitly delcared them legal to own (haven't declared them illegal either though.)[/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
>
US Coins Forum
>
US coins that are illegal to own?
>
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...