74' aluminum cent and others
vxcoins
Posts: 3
If you had the chance to how would you go about selling such illegal coins as the 1933 saint, and or aluminum cent? David Hall stated that he would grade these peices for free and we know there has been cents slabbed and sold privately. Would it be even worth it to get a illegal coin graded? Ofcourse auctioning would be out of the question. I had the pleasure of seeing one of these peices at a show many years back and i always wondered about the position the dealer was in.
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Comments
Dave
Btw,
The best bet would be to call somebody with good connections and get a referral.
First look at the 1933 saint, the government was standing on an old case to base the claim and nobody contested it since 1935. People just took the government for its word and didn't fight it in court (if the goverment says so it must be right). Afew years ago, one surfaced and the government seized it but this time the owner was ready to fight. The government, through its attorney's didn't want to chance losing the old case law so a deal was worked out for an auction with the previous owner and the government splitting the profit. What has become known since the old case law that the government has always counted on, is that it was a practice and established custom for mint employees to exchange old gold coins for shiny new one. Some of these exchanges could have lawfully have happened before Roosevelt recalled the gold in 1933. If the government actually went to court today, they might lose the case law on the books, they don't want to chance that.
The 1974 aluminum penney, how did they get out? Were they not given to our elected officials in congress? Did the Treasury recall these pennies? Did the US Treasury charge or file complaints of theft against the members of congress for not returning them? If I had one, I would like to see the wording on the search warrant when they took it from me. Remember, one member of congress when asked to return the penney, walked it across the mall and gave it to the Smithsonian and then told the Treasury employee "If you want it you're going to have to go get it". That coin is still in the Smithsonian Collection. Arguement for "selective law enforcement"?
Doggedly collecting coins of the Central American Republic.
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<< <i>I would sell it the same way I sold my 1964-D Peace dollar. >>
big thanks to perry, it looks good in my collection
Go BIG or GO HOME. ©Bill
I'll hold them for you, for free.... if you're afraid of the G-men
I am sure if we can get 10 million illegal immigrants here, it'll be easy enough to hide a couple of coins while we find a buyer for you
THIS IS OUR PLACE, folks
Yes they were, but not to keep.
Did the Treasury recall these pennies?
Yes, see one of your later statements about a congressman being asked to return his coin.
Did the US Treasury charge or file complaints of theft against the members of congress for not returning them?
No, not as far as I know.
Remember, one member of congress when asked to return the penney, walked it across the mall and gave it to the Smithsonian and then told the Treasury employee "If you want it you're going to have to go get it". That coin is still in the Smithsonian Collection. Arguement for "selective law enforcement"?
No not really. When you consider that the US Government owns the Smithsonian collection, he DID return it to the government.
<< <i>Welcome aboard.
The best bet would be to call somebody with good connections and get a referral. >>
Who would be in such a position to have good connections and be trustworthy? Higher ups at pcgs?
<< <i>
<< <i>Welcome aboard.
The best bet would be to call somebody with good connections and get a referral. >>
Who would be in such a position to have good connections and be trustworthy? Higher ups at pcgs? >>
Post your name and address, we'll arrange to send someone right over to "help" you with your '74 aluminum cent.
Seriously, ICG has already holdered one of these, I would have to think if the government was really that interested in getting it back they would have gone through ICG to get the submitter's name and confiscate it. As far as your specific question, David Hall isn't too difficult to find, he even has an account here and you can PM him, or post in the Q&A forum, or just call PCGS and ask for him.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
That ICG coin is now in a PCGS MS-62 holder.
I had the pleasure of having it here in my office
many months ago, to authenticate it and give my
opinion to David - a great coin, with no marks
on the surfaces - I for one, didn't get the feeling
that this coin had been "dropped on the steps of
the Capitol, and picked up by a Security Guard"
(paraphrasing)+
The "illegal" coins are highly desirable as critical parts of numismatic collections.
Any of the coins mentioned here have been/can be sold privately.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
<< <i>Sean,
That ICG coin is now in a PCGS MS-62 holder.
I had the pleasure of having it here in my office
many months ago, to authenticate it and give my
opinion to David - a great coin, with no marks
on the surfaces - I for one, didn't get the feeling
that this coin had been "dropped on the steps of
the Capitol, and picked up by a Security Guard"
(paraphrasing)+ >>
Interesting, Fred. Did you happen to compare it to the one Kevin Flynn pictured on the cover of his 'Authoritative Guide'? Flynn was able to photograph the Smithsonian example in great detail, was the coin you saw struck from the same dies?
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
I can't say if it was from the same dies as
the Smithsonian Piece.......couldn't compare.....
A United States Federal District Court said a 1933 Saint was illegal to own.
<< <i>. . . . .who says they are illegal to own?
A United States Federal District Court said a 1933 Saint was illegal to own. >>
Although the government im sure would like to know where each and every coin is i dont think they would take any action to confiscate unless one was sold publicly at a high end auction for example.
<< <i>
<< <i>. . . . .who says they are illegal to own?
A United States Federal District Court said a 1933 Saint was illegal to own. >>
Although the government im sure would like to know where each and every coin is i dont think they would take any action to confiscate unless one was sold publicly at a high end auction for example. >>
The government has said they will confiscate aluminum cents and various trial pieces
of the last three generations. They haven't moved against one on the market because
it is high profile and is likely legit.
I think they would confiscate many of these coins if they knew where to find them. This
especially applies to something like the '64 peace dollar should they exist.