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1933 St Gaudens Double Eagles

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52Raymo's Avatar
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8517 Posts
 Posted 04/18/2015  11:26 am  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply

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The National Numismatic Collection already has 2 examples that were saved just for them. The collection will go on display at the Smithsonian on July 1st. https://goccf.com/t/226558


Exactly, put the others in there too.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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denco7's Avatar
United States
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 Posted 04/18/2015  11:47 am  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

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If you love liberty and justice this is wonderful news. If the 1933 double eagle is illegal to own so are all the rest of the back door jobs of the past 200 years that should not exist.


I don't get it ? I understand the vitriol for the gov't, but how is it "liberty and justice" to reward the family of a man who secreted out STOLEN coins from the mint. The gov't doesn't want them back because they are illegal to own, they want them back because they were stolen from the mint. A federal judge and a jury already corroborated that.

The gov't is wasting tax payers money by pursuing this, (federal attorneys are salaried, they do not get paid by the hour or by the case. They get paid the same whether they are pursuing stolen gov't property or whether they are just sitting in their office doing nothing) but it alright to hand over $70 million dollars in taxpayer owned coins to the family of the man who stole them and that is liberty and justice?
Edited by denco7
04/18/2015 11:48 am
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Pacificoin's Avatar
Canada
5397 Posts
 Posted 04/18/2015  1:26 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
The US government in pursuit of this particular issue (1933 20 dollar gold) has foisted a far larger crime on the citizens of the United States than the alleged misdoings of one Israel Switt. They have thrown millions of dollars at this case, that could well be spent on much better social causes than the pursuit of $200 in face value coins that allegedly were stolen from the treasury in 1933.
Could you imagine someone trying to confiscate citizens gold in this day and age , like Roosevelt did ? The results would not be pretty.
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52Raymo's Avatar
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 Posted 04/18/2015  3:34 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply

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coins that allegedly were stolen from the treasury in 1933.


Allegedly...
Oregon coin geek.....*** GO BEAVS ! ! ! ***
Edited by 52Raymo
04/18/2015 4:06 pm
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Pacificoin's Avatar
Canada
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 Posted 04/18/2015  7:07 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Your country was founded on principals of law and human rights,according to the American history (extensive) that I was taught in school and college. Would you be kind enough to point me in the direction of the case where someone was convicted of this grand theft from the Treasury in 1933?
Whatever happened to innocent until proven guilty before a jury of your peers ? I do believe that your great country still enjoys that privilege.
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paxbrit's Avatar
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 Posted 04/18/2015  7:48 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
The government made only a circumstantial case that the coins were stolen by the mint employee in 1933. While it only seems logical, the coins being stored in the employee's bank under his name, that's not proof of theft. It's entirely possible the coins were allowed to leave the mint after being purchased for $200. At any rate, failure to prosecute for theft, once the theft is determined, becomes moot after a statute of limitations. 80 years is about 10 times the term allotted to do your diligence.

I hope they get to keep the coins, and sell them. The government will gain a good deal of tax monies from their sale over the next 200 years as they gain in value, starting with the first sale. A million bucks in long-term capital gains from $20 is a bunch of money. With two examples in the Smithsonian, that's all the government needs to have.
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Pacificoin's Avatar
Canada
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 Posted 04/18/2015  9:09 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Pax you got it absolutely nailed. All this money frittered away going after Switts family wasted! Of course they will recoup some from future taxation. In my not so HO anyone rooting for the government in this one is just plain jealous and nothing more. The big winners here are of course the Langbords family and the numismatic community. Hopefully ten well heeled collectors will be able to acquire one of these very scarce coins.
Edited by Pacificoin
04/18/2015 9:10 pm
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52Raymo's Avatar
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 Posted 04/18/2015  9:52 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Jealousy ? Are you serious ? Our values are stratospheres apart. How you come to your conclusions is beyond me.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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 Posted 04/18/2015  11:22 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply

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No gold was stolen from the citizens. The government paid the going market rate for all the gold surrendered.

The government paid a rate that they determined. If one decided not to sell, government officials with guns would be sent to get the coins and take the person to jail and they'd be charge with a crime. What part of these transactions were voluntary? What part was rooted in the free market? What part was rooted in liberty? None! The basic message was; Here's what we'll pay you and we'll take it if you don't give it to us and might take you to jail too. Like I said, it was stolen.
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Pacificoin's Avatar
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 Posted 04/19/2015  12:02 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
No planets apart actually. I happen to be coming from the I despise big government and all the things that go with it. That must really surprise you coming from a " socialist" Canadian. Oh well one of the principles of democracy is having the right to have differences and I certainly respect your opinion on this matter regarding the Double Eagles.
I would love to own one my self, just the small problem of a few mill!
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SsuperDdave's Avatar
United States
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 Posted 04/19/2015  12:18 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
One of the reasons you're fun to argue with is that you're secure enough to understand I differ with your ideas, not your manhood. If we were in government, stuff would get done.

But there's nothing inherently wrong with Big Government.
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Pacificoin's Avatar
Canada
5397 Posts
 Posted 04/19/2015  1:28 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Ssuperdave I would have made a very bad politician .......no party would want me ruining their cushy nests. Slightly off this issue, it is great to know that there are countries in the world where the right to differences of opinion are still acceptable and indeed welcomed.
The subject of the 1933 Double Eagle is a truly fascinating one. There is an excellent book on the subject that should be required reading for all died in the wool numismatists. It is by Alison Frankel and is the story of Steve Fenton and the legal ins and outs of the case that resulted in the sale of the Farouk Specimen. I believe the title is simply Double Eagle but I can't find the book in my current moving mess. Once people read the story they might just have a slightly different take on this case involving the Langbords legal battle. Their lawyer is the same one who represented. Fenton in his legal battles with the US Government.
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MeadowviewCollector's Avatar
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4409 Posts
 Posted 04/19/2015  1:35 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
The title of the book is Double Eagle: The Epic Story of the World's Most Valuable Coin .
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Pacificoin's Avatar
Canada
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 Posted 04/19/2015  1:37 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Thanks!
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52Raymo's Avatar
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 Posted 04/19/2015  2:11 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
The 33's that were lifted always ends up with an argument whenever a thread is started. People usually just have to agree to disagree .
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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