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<p>[QUOTE="LostProphet, post: 1194580, member: 31385"]<b>1964 Peace dollar</b></p><p><br /></p><p>They do exist. They were issued to several mint employees and to several senators. Once issued to the authorized agent the coins became legal tender and under the 4th Amendment the coins were not returned to the mint when asked for. Regardless of the mint's later decision to halt further issuance of any coins, the ones they gave away were now private property. The remaining coins were melted and two found in 1970, which is proof to the existence in "twos" were also melted. The official stance of the U.S. at this time is that if any of the remaining coins exist they are stolen and the owner may be charged with receiving stolen property. I would like to argue this misnomer. The coins were issued and therefore legal tender and are now someone else's private property. In 1935 San Fransisco mint added a fourth ray below the "ONE" on the peacedollar. In order to cut expenses the Denver Mint overstruck 1935 S coins that were already in the vault then turned around and melted them. Why not just melt them from the vault. Was there some law preventing this and the only way around it was to mint the coins first? It is possible that the 316,000 coins were made shoddy and the only curatable specemines were given as gifts. Yes this is a very interesting coin and let the world know that I someday hope to own one and that they are legal to own.</p><p> 2Legit2quit:welcome:[/QUOTE]</p><p><br /></p>
[QUOTE="LostProphet, post: 1194580, member: 31385"][b]1964 Peace dollar[/b] They do exist. They were issued to several mint employees and to several senators. Once issued to the authorized agent the coins became legal tender and under the 4th Amendment the coins were not returned to the mint when asked for. Regardless of the mint's later decision to halt further issuance of any coins, the ones they gave away were now private property. The remaining coins were melted and two found in 1970, which is proof to the existence in "twos" were also melted. The official stance of the U.S. at this time is that if any of the remaining coins exist they are stolen and the owner may be charged with receiving stolen property. I would like to argue this misnomer. The coins were issued and therefore legal tender and are now someone else's private property. In 1935 San Fransisco mint added a fourth ray below the "ONE" on the peacedollar. In order to cut expenses the Denver Mint overstruck 1935 S coins that were already in the vault then turned around and melted them. Why not just melt them from the vault. Was there some law preventing this and the only way around it was to mint the coins first? It is possible that the 316,000 coins were made shoddy and the only curatable specemines were given as gifts. Yes this is a very interesting coin and let the world know that I someday hope to own one and that they are legal to own. 2Legit2quit:welcome:[/QUOTE]
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