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Replies: 53 / Views: 7,269 |
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Valued Member
United States
73 Posts |
hard to say who is in the right here as the coins may have been stolen, purchased, or swapped for previous year double eagles; with or without the knowledge of the person in authority.
i can see either side ending with the coins as a benefit to the coin community, and certainly the advertisment of the case from news sites has helped to spread interest and awareness. just another notch in the belt of the most controversial coin
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Valued Member
United States
450 Posts |
I would love to see some type of agreement where they would be legal to own like the other 1933.
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Pillar of the Community
United States
1801 Posts |
These coins have always been a fascinating story. A much better book in my opinion on the whole 1933 Double Eagle fiasco is titled "Illegal Tender, Gold Greed and the Mystery of the Lost 1933 Double Eagle." Author is David Tripp. It lays out a very well documented and convincing argument based on mint records of the production, storage, distribution for assay testing (in which 9 of the 446 sent were destroyed in testing the remaining 437 returned and accounted for) and subsequent melting of the entire 1933 $20 production run. At no point were any released to the public. The King Farouk specimen is unique in that it was issued an export permit by the US government by an agency that was unaware of the special circumstances of the coin. It was on this ground that the court case for the one example sold in 2002 was based.
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Bedrock of the Community
United States
17884 Posts |
Quote: Get past the ideology and research the reality. The government in the US did not stop dictating the price of gold until the Nixon administration. It's only during your lifetime that gold was allowed to free-market, in 200 years. It's a relatively new concept, letting people decide what gold is worth. Even during the era when the government was "dictating the price of gold" there was also an open market for gold. At times the open market price went well above the government price but usually it was below the government price so the government price became the defacto market price.
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Pillar of the Community
 United States
4593 Posts |
FWIW, the order to return the coins was vacated and the case is back before the 3rd circuit for an en banc hearing
UNITED STATES COURT OF APPEALS FOR THE THIRD CIRCUIT ________ No. 12-4574 _________ ROY LANGBORD; DAVID LANGBORD; JOAN LANGBORD Plaintiffs-Appellants v. UNITED STATES DEPARTMENT OF THE TREASURY; UNITED STATES BUREAU OF THE MINT; SECRETARY OF THE UNITED STATES DEPARTMENT OF THE TREASURY; ACTING GENERAL COUNSEL OF THE UNITED STATES DEPARTMENT OF THE TREASURY; DIRECTOR OF THE UNITED STATES MINT; CHIEF COUNSEL UNITED STATES MINT; DEPUTY DIRECTOR OF THE UNITED STATES MINT; JOHN DOE NOS. 1 TO 10 "JOHN DOE" BEING FICTIONAL FIRST AND LAST NAMES; UNITED STATES OF AMERICA Defendants-Appellees _________ UNITED STATES OF AMERICA Third Party Plaintiff v. TEN 1933 DOUBLE EAGLE GOLD PIECES; ROY LANGBORD; DAVID LANGBORD; JOAN LANGBORD Third Party Defendants ROY LANGBORD, DAVID LANGBORD, JOAN LANGBORD Appellants
On Appeal from the United States District Court for the Eastern District of Pennsylvania (District Court No. 2:06-cv-05315) District Judge: Honorable Legrome D. Davis
PRESENT: McKEE, Chief Judge, AMBRO, FUENTES, SMITH, FISHER, CHAGARES, JORDAN, HARDIMAN, VANASKIE, SHWARTZ, KRAUSE, SLOVITER1 and RENDELL2 Circuit Judges
ORDER A majority of the active judges having voted for rehearing en banc in the above captioned case, it is ordered that the petition for rehearing is GRANTED. The Clerk of this Court shall list the case for rehearing en banc at the convenience of the Court. The opinion and judgment entered April 17, 2015 are hereby vacated.
By the Court, s/ Theodore A. McKee Chief Circuit Judge Date: July 28, 2015
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Pillar of the Community
 Canada
5400 Posts |
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Moderator
 United States
189142 Posts |
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Valued Member
United States
68 Posts |
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Replies: 53 / Views: 7,269 |