Alison Frankel Interview on 1933 $20 - NPR
RWB
Posts: 8,082 ✭
National Public Radio (NPR) on Talk of the Nation broadcast an interview with Alison Frankel at 3:00 PM EST September 16, 2009. A transcript can be found on the NPR web site.
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RWB
Posts: 8,082 ✭
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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 guess there's another book in the woeks.
<< <i>So, She's saying that the Langbord's Lawyer told them to send them to the Mint anticipating that they would be confiscated? Huh. Why would he do that? So he could make a ton of money representing them? This doesn't make sense.
I guess there's another book in the woeks. >>
I thought because he represented the Farouk coin in some way and it helped make him the most money. I was confused on that also.
His motives in suggesting that the coins be given to the mint for authentication are only speculated on.
As of this date, he certainly seems like he knew what he was doing.
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>So, She's saying that the Langbord's Lawyer told them to send them to the Mint anticipating that they would be confiscated? Huh. Why would he do that? So he could make a ton of money representing them? This doesn't make sense. >>
Rick,
I listened to the interview as well. What she said specifically was that in order to shift the burden of proof to the government, they needed a ruling in their favor showing that the government illegally seized the coins. Sending the coins to the Mint was actually a clever move on his part. He correctly assumed that the Mint would not return the coins, laying the groundwork for the aforementioned important aspect of his litigation. It was a trap, and it worked.
From the other side of the coin, if this action had not been taken, the burden of proof would have remained with the Langbords to prove that they obtained the coins legally. Surely a no-win scenario.
Empty Nest Collection
Matt’s Mattes
How many of these 1933 Eagles are known to exist?
1 - from the King Farouk auctioned at 7some Mil.
2 - at the Smithsonians
10 - Langbord's
13, is that it? (to me they will be more than enough
I lost the count...sorry...
<< <i>13, is that it? (to me they will be more than enough
I lost the count...sorry... >>
If you watch the Goldman interview on the PCGS front page, it would be easy to infer from his comments that there is yet another floating around out there somewhere.
Empty Nest Collection
Matt’s Mattes
Or you meant in the magazine? I haven't it either.
Newbie...sorry!
Empty Nest Collection
Matt’s Mattes
Thanks again.
NPR, that is a funny one.
Some (myself include) has surmised, speculated, etc. that doing so was part of a brilliant and complex strategy on the part of the family and Mr. Berke. There is some appeal in speculating that the Langbords and their lawyers "outfoxed" or "outsmarted" the government, resulting in the government obtaining and keeping the coins, only later to be told by a court that the government was wrong and that it should have filed [and now must file] a forfeiture proceeding.
No such strategy exists.
I understand that the government requested that the family provide the coins to it [so they could be authenticated] in connection with settlement discussions and that the family did so, while specifically reserving all of their rights. The family did not know that the government would simply keep the coins.
Once the government announced that it had and would not return the coins, subsequent events took place which led us all to the place everyone is at today [the government being required to file a forfeiture proceeding against the coins], which is the same place everyone should have been four years ago.