Gold & Silver Forum (http://goldismoney.info/forums/index.php)
- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
- - Judge says U.S. must return rare coins to Phila. family (http://goldismoney.info/forums/showthread.php?t=396485)

madfranks | 08-04-2009 02:33 PM
Judge says U.S. must return rare coins to Phila. family This is huge!!! Remember the famous case of the ten 1933 Gold Double Eagles that the Mint confiscated? Well the family won the case and gets the coins returned!! http://www.philly.com/philly/news/52246492.html Quote:
A judge in Philadelphia has ruled that the federal government must return 10 extremely rare gold coins to the family of a late Center City jeweler or outline its case for keeping them in a forfeiture filing. U.S. District Judge Legrome Davis issued the ruling Tuesday in the case of the 10 1933 "double eagle" gold coins, which experts say could fetch millions at auction. The lawyer representing the family said the coins are thought to be the most valuable gold coins in the world. ...
Think about this - prior to this ruling, there was only ONE legitimate 1933 Double Eagle ever on the market, which fetched $7.59 million at auction. Now that the pool has grown to 11, this probably killed that guys investment!!!

HistoryStudent | 08-04-2009 03:53 PM
Re: Judge says U.S. must return rare coins to Phila. family Wow! I'm impressed. Thanks for the INSIGHTFUL post. Bet the person with eight million dollar SAME "O" just had a HEART seizure poor fellow - 10 more in the system. Anybody got a few million laying around - they'll go up for AUCTION one-at-a-time yearly I'd bet! :wink::111:

GoldBuyer123 | 08-04-2009 03:57 PM
Re: Judge says U.S. must return rare coins to Phila. family Quote:
Originally Posted by HistoryStudent (Post 1851897) Wow! I'm impressed. Thanks for the INSIGHTFUL post. Bet the person with eight million dollar SAME "O" just had a HEART seizure poor fellow - 10 more in the system. Anybody got a few million laying around - they'll go up for AUCTION one-at-a-time yearly I'd bet! :wink::111:
Or maybe wait for TEOTWAWKI

HistoryStudent | 08-04-2009 04:02 PM
Re: Judge says U.S. must return rare coins to Phila. family http://www.audiosparx.com/sa/archive...ee-ha-ha/30188 Well those fellows getting those BILLION US dollar bailouts can put a few bucks toward a real work-of-somewhat rarity. But on second thought how about all the ONES held closely securely quietly in storage secretly - they may come out too! Ain't that a kick in the head? :thumb.aspx:

madfranks | 08-04-2009 04:18 PM
Re: Judge says U.S. must return rare coins to Phila. family Quote:
Originally Posted by HistoryStudent (Post 1851915) But on second thought how about all the ONES held closely securely quietly in storage secretly - they may come out too! Ain't that a kick in the head? :thumb.aspx:
Before the 1933 gold coins were ready for circulation, FDR's famous gold confiscation act happened - therefore none of the 1933 $20 gold ever made it out to circulation, they were all (supposedly) melted down. The only known surviving example was one coin which was a gift to Prince Farouk of Egypt (this is the one which fetched all the millions at auction - it was thought that this was the only one in existence). Fast forward to a couple years ago - apparently a jeweler who had a contact at the mint helped smuggle 10 coins out of the mint to keep them from the melting pot, and until they were revealed through his grandkids, nobody knew they existed. The grandkids discovered the coins after the old jeweler died. To summarize, now there are only 11 official known examples of this coin, but who knows if there are any more hiding out there.

HistoryStudent | 08-04-2009 07:40 PM
Re: Judge says U.S. must return rare coins to Phila. family Quote:
Originally Posted by madfranks (Post 1851952) Before the 1933 gold coins were ready for circulation, FDR's famous gold confiscation act happened - therefore none of the 1933 $20 gold ever made it out to circulation, they were all (supposedly) melted down. The only known surviving example was one coin which was a gift to Prince Farouk of Egypt (this is the one which fetched all the millions at auction - it was thought that this was the only one in existence). Fast forward to a couple years ago - apparently a jeweler who had a contact at the mint helped smuggle 10 coins out of the mint to keep them from the melting pot, and until they were revealed through his grandkids, nobody knew they existed. The grandkids discovered the coins after the old jeweler died. To summarize, now there are only 11 official known examples of this coin, but who knows if there are any more hiding out there.
There were a LOT trading between 1933 and 1944 ish - when they made it a FEDERAL CRIME to possess one. Tee Tee :111: Many went into bye bye land - kinda like some of my emails - and NOW they may come to light at a few million dollars per exposure. :wink:

prophet | 08-04-2009 07:49 PM
Re: Judge says U.S. must return rare coins to Phila. family Quote:
Now that the pool has grown to 11, this probably killed that guys investment!!!
Oh dear! Hazards of numis investing!

HistoryStudent | 08-04-2009 11:24 PM
Re: Judge says U.S. must return rare coins to Phila. family Quote:
Originally Posted by prophet (Post 1852264) Oh dear! Hazards of numis investing!
You are really FUNNY. I about spit out my coffee! :111::111:

Willie Peter | 08-04-2009 11:53 PM
Re: Judge says U.S. must return rare coins to Phila. family I doubt this story is over,...I smell an appeal :36_1_30:

Ragnarok | 08-05-2009 12:49 AM
Re: Judge says U.S. must return rare coins to Phila. family Quote:
Originally Posted by HistoryStudent (Post 1851915) But on second thought how about all the ONES held closely securely quietly in storage secretly - they may come out too!
There'd probably be a lot more of those coins around if some/more GIMers were PROFICIENT SAILORS! :rant: R.

HistoryStudent | 08-05-2009 10:13 AM
Re: Judge says U.S. must return rare coins to Phila. family Quote:
Originally Posted by Willie Peter (Post 1852612) I doubt this story is over,...I smell an appeal :36_1_30:
Hard to fight FIAT power pride glory and civil serpent attitude - especially when YOU are fighting the central city HALL. :111::111::111:

esoteric | 08-06-2009 08:20 AM
Re: Judge says U.S. must return rare coins to Phila. family one over night rich family!

All times are GMT -4. The time now is 04:01 PM. |

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright = None use it and Link to GIM