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"Cabinet W" Ancient Coins Seized; Wealthy Owner Detained

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SPQR's Avatar
United States
327 Posts
 Posted 01/09/2012  10:40 am Show Profile   Bookmark this topic Add SPQR to your friends list Get a Link to this Message Number of Subscribers
From Forum Ancient Coins, Also in today's Coin World:
http://www.forumancientcoins.com/bo...opic=77199.0
I'll summarize for those who don't want to dig through all three pages. Apparently the NY District Attorney's office and "Officers of Homeland Security" seized the coins and detained Dr A. Peter Wiess, the owner and consignor. Dr Weiss is a world-renowned Surgeon, Professor of Orthopedics at Brown University, and a trustee of the American Numismatic Society. The men with badges and guns will NOT say why this was done, but speculation runs rampant that the Italian .gov is trying to nab the coins claiming "illegal import", although the coins have been in private collections since at least the 1960's.
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DVCollector's Avatar
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10045 Posts
 Posted 01/09/2012  10:53 am  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
Both (seized) coins are masterpieces from Sicily: Lot 1008, a Dekadrachm (Akragas) with a start price of $2.5 million and Lot 1009, a Tetradrachm (Katane) with a start price of $ 300,000.
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ancientcoinguy's Avatar
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842 Posts
 Posted 01/09/2012  11:14 am  Show Profile   Bookmark this reply Add ancientcoinguy to your friends list Get a Link to this Reply
IMO, the modern Italian government is not the same government that issued these coins. Therefore they are not the property of the Italian government and they have no claim or right to them. I feel this way about all things that are historical in nature. Just because something was made in the same place long ago where you are today does not make it yours.

For instance: If a Spanish ship sunk off the coast of Trinidad in the 1500's and someone finds it today and recovers its treasures I think that the person who found it is entitled to it all. How can a government that is completely different and in no way, shape, or form the one that issued the coin entitled to it? Makes no sense. If the ship had sunk in the 1950's, well, then that's a different story. In that case the Spanish government as it is today would have ownership because that particular government issued the coin.

Does anyone get what I am trying to say? Thoghts?
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DVCollector's Avatar
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10045 Posts
 Posted 01/09/2012  1:34 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
IMO, the modern Italian government is not the same government that issued these coins. Therefore they are not the property of the Italian government and they have no claim or right to them. I feel this way about all things that are historical in nature.
One could just as easily argue these coins are the cultural property of Greece, since Sicily was once their colony--although as you noted, neither Greek Sicily nor ancient Greece have existed for milenia. That said, governments have the right to define what objects they consider a "cultural heritage", and to regulate their export within their borders. Many nations do this with coins, although the zeal at which governments pursue the export of antiquities varies widely--and by time period. For example, if these Dekadrachms left Italy at a time when it was perfectly legal, I would say Italy has no claim to them. But, if they left while export restrictions existed, then legal title might be open to interpretation...depending how they were acquired.

I feel different regarding shipwreck finds. If a wreck is recovered in international waters, then the coins should fall under the laws of salvage. I find it a bit criminal when salvage companies do all the work, only for the treasure to be confiscated by a government who finds a way to claim it as their own, hundreds of years later. It sets a bad precedent, and may discourage salvage companies from recovering shipwrecks, which is a setback for everyone. If governments want "cultural heritage" recovered in intl. waters, they should have to pay whatever the market bears.

--just one opinion, and I don't know the finer points of law regarding these issues.
Edited by DVCollector
01/09/2012 3:58 pm
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ancientcoinguy's Avatar
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 Posted 01/09/2012  2:03 pm  Show Profile   Bookmark this reply Add ancientcoinguy to your friends list Get a Link to this Reply
I guess I feel as though ancient artifacts belong to humanity as a whole and not a government.
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Bacchus2's Avatar
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2869 Posts
 Posted 01/09/2012  2:10 pm  Show Profile   Bookmark this reply Add Bacchus2 to your friends list Get a Link to this Reply
"I feel different regarding shipwreck finds. If a wreck is recovered in international waters, then the coins should fall under the laws of salvage. I find it a bit criminal when salvage companies do all the work, only for the treasure to be confiscated by a government who finds a way to claim it as their own, hundreds of years later. It sets a bad precedent, and may discourage salvage companies from recovering shipwrecks, which is a setback for everyone. If governments want "cultural heritage" recovered in intl. waters, they should have to pay whatever the market bears.
"

I largely agree with this - though I think the ones who claim the cultural heritage should have first option to actually pay.

I must admit I don't really understand the legal position of stuff found in international waters. It's all very well one country saying this or that -- even getting stuff through the courts in their own country - but that doesn't mean anything to the people or the courts in another country. So who is the final arbitor?

From Wikipedia

"Military wrecks, however, remain under the jurisdiction--and hence protection--of the government that lost the ship, or that government's successor. Hence, a German U-boat from World War II still technically belongs to the German government, even though the Third Reich is long-defunct. Many military wrecks are also protected by virtue of their being war graves.

"

What if the coins were recovered from a wrecked ancient Greek warship?

I guess that's what keeps laywers in the manner to which they are accustomed :)
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matchbox's Avatar
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 Posted 01/09/2012  3:27 pm  Show Profile   Bookmark this reply Add matchbox to your friends list Get a Link to this Reply
Countries in the "old world" are concerned about preserving and keeping their antiquities, even those in private hands. They want them to remain within their borders.

I feel two ways about this and can understand both sides of the story.
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Sap's Avatar
Australia
16808 Posts
 Posted 01/09/2012  8:31 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
IMO, the modern Italian government is not the same government that issued these coins. Therefore they are not the property of the Italian government and they have no claim or right to them.

However, the modern Italian government has passed laws stating that all artefacts buried in the ground older than 1550 are property of the State. Exporting such items is prohibited under Italian law.

It becomes a US problem because America has signed the 1970 UNESCO convention under which it is obliged to assist countries in repatriating artefacts that the source countries claim to have been removed illegally. The recent MOU Italy signed with the US makes this obligation stronger in the case of freshly imported coins, though I don't think the MOU covers things retrospectively.

Quote:
...the Italian .gov is trying to nab the coins claiming "illegal import", although the coins have been in private collections since at least the 1960's.

Yep. And as far as the Italians are concerned, a 1960s provenance isn't good enough. They've had laws prohibiting export of ancient coins on the books since Mussolini first wrote them in 1922.

The Italians presumably have good enough evidence that those particular coins were illegally removed from Greece sometime after 1922.

Or maybe it's just an ambit claim, a scare tactic hoping to make ancient coins less valuable by implying that anyone who tries to buy or sell an expensive ancient coin "from" Italy is likely to have their name dragged through the courts. In their eyes, anything that scares away collectors can only be a good thing.

Quote:
For instance: If a Spanish ship sunk off the coast of Trinidad in the 1500's and someone finds it today and recovers its treasures I think that the person who found it is entitled to it all. How can a government that is completely different and in no way, shape, or form the one that issued the coin entitled to it? Makes no sense. If the ship had sunk in the 1950's, well, then that's a different story. In that case the Spanish government as it is today would have ownership because that particular government issued the coin.



From Wikipedia

Military wrecks, however, remain under the jurisdiction--and hence protection--of the government that lost the ship, or that government's successor. Hence, a German U-boat from World War II still technically belongs to the German government, even though the Third Reich is long-defunct. Many military wrecks are also protected by virtue of their being war graves.

I would disagree about the current Spanish government being disconnected from the one that ruled there 300 years ago. The language and culture are identical, and the current king of Spain is the great-great-great-great-grandson of the monarch pictured on the pillar dollar. There is far more of a logical disconnect for the ancient Akragas coin from the government of modern Italy.

And not wanting to drag this thread further away from the OP, but Spain's argument is that Spain didn't have a "merchant navy" or recognize privately-owned vessels. In the time period in which Spanish wrecks are likely to be found (1500-1800), every single ship flying a Spanish flag was technically a warship (even if its role was primarily as a treasure barge) and therefore as deserving of protection under international law as any other warship.

To read more of Spain's attitude to treasure-seekers, see this thread.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Bedrock of the Community
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 Posted 01/11/2012  10:47 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
I guess I feel as though ancient artifacts belong to humanity as a whole and not a government.


Situations like this one brings up all the looting done on and in the Egyptian Pyramids. If a coin is found in one and is several thousand years old, it was burried with the Mummy and the Mummy should be able to keep it.
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 Posted 01/11/2012  5:11 pm  Show Profile   Bookmark this reply Add fiddler to your friends list Get a Link to this Reply
Personally as far as Spanish treassure ships go, what right do thay have to reclaim treassure thay stole off someone else
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Conder101's Avatar
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17884 Posts
 Posted 01/12/2012  1:54 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
NY DA issued a press release about this. He says that the person selling them knew at least one was looted recently . The PR states he bought them in 2001 and they have a informatant who quotes the owner as having told him it was dug up two years ago. So they have pedigrees that date back to the 60's, he bought it 10 years ago, and it was dug up two years ago. Am I the only one who thinks something is wrong with their case?
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1238 Posts
 Posted 01/13/2012  12:31 pm  Show Profile   Bookmark this reply Add chrisild to your friends list Get a Link to this Reply
My guess is: Since two coins were confiscated, some of those "info bits" apparently apply to #1008. Others are about #1009, see https://www.documentcloud.org/docum...s-weiss.html

Christian
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