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1933 $20.00 DOUBLE EAGLES....


garimpo

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Judge upholds government's claim to $80M in rare gold coins found in safe deposit box

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Trying to do the right thing and look what happens....


  • One double eagle $20 piece sold for $7.5 million. (AP) (AP)

Ten of the rarest and most valuable coins in the world were almost certainly stolen from the federal mint in Philadelphia and therefore belong to the U.S. government and not heirs of a coin dealer who found them in his safe deposit box, a federal judge ruled.

The Augustus Saint-Gaudens double eagles $20 pieces were among some 445,500 struck during the Great Depression. But nearly all were pulled out of circulation within weeks as President Roosevelt ordered U.S. banks to abandon the gold standard. It was originally believed that all but a pair of the double eagles was melted down into gold bars. One of the surviving coins fell into the hands of King Farouk of Egypt, and sold for more than $7.5 million at a Sotheby's auction in the summer of 2002.

But in 2003, three grandchildren of a coin dealer named Israel Swift found 10 if the coins in a safe deposit box after Swift's death. It turned out the coins had been given to Swift by Philadelphia Mint cashier George McCann years ago. The coins were seized by the government when the heirs took them to the mint seeking authentication. Since then, Swift's grandchildren, Joan, Roy and David Langbord, have been battling in court to prove they are the rightful owners of the coins.

"Nobody witnessed the disappearance of the 10 coins, but the jury "could - and did - properly infer criminal intent."

- Federal Judge Legrome Davis, Jr.

A jury found for the government last year, and this week a federal judge agreed with the verdict. In his ruling, U.S. District Judge Legrome Davis Jr. held that, since no records showed coins being lawfully taken from the mint, they were almost certainly stolen.

"The Mint meticulously tracked the '33 Double Eagles, and the records show that no such transaction occurred," U.S. District Judge Legrome Davis Jr. wrote in his decision. "What's more, this absence of a paper trail speaks to criminal intent. If whoever took or exchanged the coins thought he was doing no wrong, we would expect to see some sort of documentation reflecting the transaction, especially considering how carefully and methodically the Mint accounted for the '33 Double Eagles."

Lawyers for the Langbords had argued that the coins could have left the Mint legitimately between March 15 and April 5, 1933, before Roosevelt's recall. The government's star expert, David Tripp, acknowledged gold coins could have left the Mint during that window, but he added that there were no records that 1933 Double Eagles did.

"Nobody witnessed the disappearance of the 10 coins, but the jury "could - and did - properly infer criminal intent," Davis wrote.

Davis had ruled back in 2009 that the Treasury Department had violated the Langbords’ constitutional rights when confiscated the coins after Joan Langbord surrendered them for authentication. That left it up to the government to prove that the coins were stolen from the Mint, which the jury found it did.

Read more: http://www.foxnews.com/us/2012/09/07/rare-double-eagle-coins-should-be-forfeited-to-us-judge/?test=latestnews#ixzz25oq4jAud

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Try and do the right thing and your family is accused of stealing by and from crooks, I would never have turned them in, maybe it's just me but I don't trust the government at all.

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Try and do the right thing and your family is accused of stealing by and from crooks, I would never have turned them in, maybe it's just me but I don't trust the government at all.

Bucket,

Those coins wouldn't do anyone any financial good as far as trying selling them since there are only a couple of the 1933 double eagles ever released before they started melting them down due to abandonment of the gold standardl!!!

If you had a 1933 double eagle and put it up for sale openly, the government would be on you like stink on a big pile of crap!!! :th:

Skip

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Yea Skip I know, but atleast they (Government) wouldn't get their hands on my coins and I'd probably save tens of thousands in attorneys fee's by just keeping my mouth shut, only pulling them out every once in a while and admiring them while sipping a cold beer.

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I know what you mean, you could always melt one down :yikes: when you really needed some money in hard times!!!

It would be a hard thing to do to melt a 1933 Double Eagle, but I would do it in a heartbeat rather then let the government take it away with no compensation and then they would melt it anyway!!

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Something Wrong Here!

"The Augustus Saint-Gaudens double eagles $20 pieces were among some 445,500 struck during the Great Depression. But nearly all were pulled out of circulation within weeks as President Roosevelt ordered U.S. banks to abandon the gold standard. It was originally believed that all but a pair of the double eagles was melted down into gold bars. One of the surviving coins fell into the hands of King Farouk of Egypt, and sold for more than $7.5 million at a Sotheby's auction in the summer of 2002."

Those coins could have come from other places?

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Of course, there the possibility that the coins were stole from the mint...the governments and kings never lose title to what they have decreed is theirs...now and forever!

Besides a jury of their peers did exactly what the judge told them to do...I doubt any of them have ever studied the true purposes and duties of a citizen jury...

don't tell and they won't know...

fred

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Bet that Farook guy or one of his cuz's would have bought them............They really screwed up by opening their mouths to the wrong folks.......

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Stinks of rats. Don't trust the government regardless of who you are and who your government is. They're all leeches, sucking the blood from hard working honest people.

Sorry, does this sound like I don't like government? Well guess what? I don't. I don't give a crap who you are, I'd rather hang out with the mafia. At least they've got some morals

I agree wholeheartedly Johnno, were we brothers in a former life?

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SILENCE IS INDEED GOLDEN IN THIS PARTICULIAR CASE. Private collectors would have handed over suitcases fulla $100s for them coins----tweedle dee and tweedle DUMB-John

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SILENCE IS INDEED GOLDEN IN THIS PARTICULIAR CASE. Private collectors would have handed over suitcases fulla $100s for them coins----tweedle dee and tweedle DUMB-John

Being honest is only good when dealing with the honest and I agree....

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  • 4 weeks later...

And the govt. spent 10x the value of the confiscated coins in the time it took to reach this spot on the thread! ... Cheers, Unc

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Thanks Bill as all I could think of is fine t-tt-s---I know nasty ol'dog minds in the gutter again,happens every fall around harvest moon time--John

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What about the statute of limitations? Isnt that 7 years? Except for murder I believe.

Sort of like treasure ship guys when the governments of the countries try to seize the treasure and do from a 300 year old wreck!!!

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  • 2 weeks later...

If we had a fair and just government, the feds should have been paid $20x10 =$200 which was the true value of the coins in 1933.

The face value of the coins should have been the issue not the collectable price or at the most the current gold price/oz.

Wyndham

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