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Lawsuit Filed Over 1933 Double Eagles

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Pillar of the Community
ageka's Avatar
Belgium
2078 Posts
 Posted 12/07/2006  2:31 pm  Show Profile   Bookmark this reply Add ageka to your friends list Get a Link to this Reply
Maybe the family should emigrate to Switzerland and become Swisse nationals
They have some fabulous laws
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Metalman's Avatar
United States
7123 Posts
 Posted 12/07/2006  2:42 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Dan,, Intent is a valid tenant of the judicial process,,and has always been there.

If they actually try and employ the variance posted by Houston,, then intent will be the affirmative defense.

Rick





Rest in Peace
Morgan Fred's Avatar
United States
2684 Posts
 Posted 12/07/2006  10:22 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
quote:
Originally posted by OldDan

When did we start saying one is guilty or not guilty based on their intentions? Gosh the thought police are hard at work these days, so anything is possible I guess. So it will be wait and see who might be telling the truth, and if it does get into court, anything is possible.



Dan, intent is a major factor in law. It can make all the difference in the world if a person is accused of murder versus involuntary manslaughter. However, this will be a civil case rather than a criminal trial and the intent of the family who held the coin will probably not be a major issue except in the original means of gaining possession of the coins which, as Houston Guy stated is gonna be pretty hard to prove that they were obtained legally.
Pillar of the Community
United States
1203 Posts
 Posted 12/07/2006  11:47 pm  Show Profile   Bookmark this reply Add OldDan to your friends list Get a Link to this Reply
I'm sure that both you Fred as well as Rick know a lot more about the legal angle than I do, but it remains to be seen just how much proof the mint has that the coins were taken illegally. It is documented that any number of these coins were issued with signed bills of sale, and then called back when the law was passed to remover gold from the so called 'standard'.
Like was mentioned, the law was for gold that was not in collections or used as a collectable, and as such was not under this ruling. So those coins that were "issued" and then ask to be returned which were not to be used as a collection would have been the only coins that were illegal to own. The other coins were legal then as well as now, from where I stand.
Guess we will wait and see what the government uses for proof that they are stolen property, and what documentation the owners have as to their being issued to them from the mint.
Valued Member
seth's Avatar
United States
143 Posts
 Posted 12/08/2006  09:17 am  Show Profile   Bookmark this reply Add seth to your friends list Get a Link to this Reply
Last I knew there was a statute of limitations on theft. Surely these disappeared more than 10 years ago.

What makes these exempt?
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amac44's Avatar
United States
3242 Posts
 Posted 12/08/2006  09:44 am  Show Profile   Bookmark this reply Add amac44 to your friends list Get a Link to this Reply
Why don't we add 1913 nickle only 5 known coins,that had to be stolen! but I post this thread before about the 1933 they were not stolen they were saved buy and old jeweler and his family found them after he had passed next thing the government will want is all the type coins they do not have in there traveling coins like the 1933s
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Morgan Fred's Avatar
United States
2684 Posts
 Posted 12/08/2006  7:56 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
It has been well-established that any 1933 St. Gaudens Double Eagles are illegal since they were made illegal before they were issued. If any were issued either by intent (illegally) or accident (i.e., slipped through the cracks), they still are illegal. Hence, the St. Gaudens are not and cannot be made legal unless some sort of amnesty law is created and passed by legislative action, something which has not been contemplated. http://www.coincommunity.com/forum/...OPIC_ID=7050

The statute of limitations for theft is irrelevant since nobody is being prosecuted for theft. What is applicable is ownership of stolen property. If stolen property is ever recovered, it remains the property of whomever it was stolen from, in this instance the US Government, even if the period of time is measured in decades or centuries.

Comparison of the 1933 St. Gaudens DEs with other, older coins is pointless since the '33s are not covered under the legalization of coins prior to 1933 (probably intentionally with this cutoff date due to the problems caused by the apparently purloined pieces). Further, the King Farouk specimen which became legalized was an isolated incident. Further specimens are not going to be given the same treatment since they did not go through the same international diplomatic channels as did the Farouk specimen.
http://coins.about.com/od/famousrar...ld_Eagle.htm

All that said, are there yet undiscovered 1933 St. Gaudens Double Eagles floating around in underground high level private collections? Probably. And they will probably remain underground indefinitely in the same manner stolen artwork is passed from rich collector to rich collector until such items surface intentionally or inadvertently.

I don't see the Switt family having any chance at all unless they've come up with a new angle. Maybe invoking National Security.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 12/08/2006  9:02 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I agree, no matter if they have 100 bill of sales the fact still remains that it was deemed illegal to own so that really doesn't matter. They made them and then before they were ever released in any way were deemed illegal to own so no matter how they got out they shouldn't have because they were at the time of them getting out they were illegal to own. As I said before this isn't a very popular answer for the collector in me but still doesn't change the facts no matter how much I would like a collector rather than the Government to own these coins but I really do not see it happening. they released one for sale and I doubt they will ever release any more, if they do I bet the guy who purchased the one and only legal coin's lawyer would fight it as best of his ability because as long as his client owns the one and only specimen that is legal to own that makes him worth that much more money
Edited by Bryan1315
12/08/2006 9:05 pm
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Metalman's Avatar
United States
7123 Posts
 Posted 12/08/2006  10:40 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
quote:
Originally posted by Morgan Fred

It has been well-established that any 1933 St. Gaudens Double Eagles are illegal since they were made illegal before they were issued. If any were issued either by intent (illegally) or accident (i.e., slipped through the cracks), they still are illegal. Hence, the St. Gaudens are not and cannot be made legal unless some sort of amnesty law is created and passed by legislative action, something which has not been contemplated. http://www.coincommunity.com/forum/...OPIC_ID=7050

The statute of limitations for theft is irrelevant since nobody is being prosecuted for theft. What is applicable is ownership of stolen property. If stolen property is ever recovered, it remains the property of whomever it was stolen from, in this instance the US Government, even if the period of time is measured in decades or centuries.

Comparison of the 1933 St. Gaudens DEs with other, older coins is pointless since the '33s are not covered under the legalization of coins prior to 1933 (probably intentionally with this cutoff date due to the problems caused by the apparently purloined pieces). Further, the King Farouk specimen which became legalized was an isolated incident. Further specimens are not going to be given the same treatment since they did not go through the same international diplomatic channels as did the Farouk specimen.
http://coins.about.com/od/famousrar...ld_Eagle.htm

All that said, are there yet undiscovered 1933 St. Gaudens Double Eagles floating around in underground high level private collections? Probably. And they will probably remain underground indefinitely in the same manner stolen artwork is passed from rich collector to rich collector until such items surface intentionally or inadvertently.

I don't see the Switt family having any chance at all unless they've come up with a new angle. Maybe invoking National Security.



Very well expressed Fred ,, I agree !!

Rick
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