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Langbord-Switt 1933 Double Eagle case

WillieBoyd2WillieBoyd2 Posts: 5,268 ✭✭✭✭✭
Today, the US Court of Appeals Third Circuit decided in favor of the US Government in the long-running Langbord-Switt 1933 Double Eagle case.

image
https://www.brianrxm.com
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Comments

  • coinhackcoinhack Posts: 1,173 ✭✭✭✭
    image
  • CameonutCameonut Posts: 7,364 ✭✭✭✭✭
    Willie - why the smiley face?



    Over my 60 years on this earth I have learned to despise the Feds.

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

  • WillieBoyd2WillieBoyd2 Posts: 5,268 ✭✭✭✭✭
    edited May 23, 2024 5:36AM
    The court opinion link:

    http://www2.ca3.uscourts.gov/opinarch/124574p2.pdf

    From the decision:

    The evidence at trial demonstrated overwhelmingly that no 1933 Double Eagle ever left the Mint through authorized channels and any that did were either stolen or embezzled.

    Once the jury had spoken, the District Court declared that the 1933 Double Eagles had always been property of the United States. Although the benefit of hindsight has convinced us that certain errors were committed in the conduct of the trial, they did not affect the outcome. We will affirm the judgment of the District Court.




    https://www.brianrxm.com
    The Mysterious Egyptian Magic Coin
    Coins in Movies
    Coins on Television

  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    The Obama wants to steal me gold image
  • WillieBoyd2WillieBoyd2 Posts: 5,268 ✭✭✭✭✭
    edited May 23, 2024 5:37AM
    King Farouk is laughing today because he got away with it.

    image
    Egypt Silver Hexagonal Two Piastres 1944 - King Farouk



    https://www.brianrxm.com
    The Mysterious Egyptian Magic Coin
    Coins in Movies
    Coins on Television

  • CaptHenwayCaptHenway Posts: 32,709 ✭✭✭✭✭
    Well, that sucks!

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • BryceMBryceM Posts: 11,852 ✭✭✭✭✭
    ..... and now there is virtually zero probability that a genuine 1964-D Peace dollar will ever see the light of day (assuming they exist). I'd be happy to settle for a decent high-quality photo of one, just for historical documentation of what the things looked like. Never gunna happen now.
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  • 291fifth291fifth Posts: 24,674 ✭✭✭✭✭
    Finally, the correct decision is made. Let's hope this is the end of it.
    All glory is fleeting.
  • Originally posted by: 291fifth
    Finally, the correct decision is made. Let's hope this is the end of it.


    Agree

    merse

  • tradedollarnuttradedollarnut Posts: 20,198 ✭✭✭✭✭
    Our country just became less free
  • TommyTypeTommyType Posts: 4,586 ✭✭✭✭✭
    Originally posted by: abitofthisabitofthat

    Originally posted by: 291fifth

    Finally, the correct decision is made. Let's hope this is the end of it.




    Agree




    Need a Third? I'm in.



    It always amazes me when special interests, (in this case, coin collecting), fogs the vision of some. As much as you would like to believe otherwise, this was proven to be a case of government property being mis-appropriated.



    (If you read the legal arguments, unlike 1913 nickels, or various pattern coins, there really were laws and circumstances that make it pretty clear....and a jury decision on top of that!)





    Now, I hope the government has the good sense to NOT destroy these. Not sure what they should do with them....make them available for study....put them in various numismatic museum?.....Heck, maybe they should SELL them at auction? That might make the most people happy....
    Easily distracted Type Collector
  • thebeavthebeav Posts: 3,900 ✭✭✭✭✭
    Originally posted by: tradedollarnut
    Our country just became less free


    If that's possible, I guess it's true.......

    From what I understood, there was a small window in which it would have been possible to obtain this date. This isn't the first time I would disagree with a courts decision......

  • goldengolden Posts: 9,991 ✭✭✭✭✭
    Originally posted by: tradedollarnut
    Our country just became less free


    image
  • JohnFJohnF Posts: 336 ✭✭✭✭✭
    If you read the book "Illegal Tender" by David Tripp it's very hard to come to any conclusion other than these coins will always be considered, well, stolen goods. According to the (very well written) story, they were never actually legally issued by the government and Farouk lucked out (unwittingly) by getting the Smithsonian to sign off on an export license for his coin. Even he had no idea at the time that they were being leaked out of the Mint by nefarious means. Anyway, I always encourage people to read the book before coming to the conclusion that the government is over-reaching on this case.



    Link on Amazon.com:

    https://www.amazon.com/Illegal...-Double/dp/0743274350/



    John Feigenbaum
    Whitman Brands: President/CEO (www.greysheet.com; www.whitman.com)
    PNG: Executive Director (www.pngdealers.org)
  • TPRCTPRC Posts: 3,814 ✭✭✭✭✭
    While I have not fully digested the decision, I am truly saddened by the "harmless error" ruling on the evidence. To me, that is shocking, and I hope and trust that an appeal will at least be attempted to the Supremes.

    Tom

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    Originally posted by: golden

    Originally posted by: tradedollarnut

    Our country just became less free




    image




    It makes me sad. Real sad.



    mark
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • cladkingcladking Posts: 28,723 ✭✭✭✭✭
    Originally posted by: WillieBoyd2

    King Farouk is laughing today because he got away with it.



    image

    Egypt Silver Hexagonal Two Piastres 1944 - King Farouk











    Now days you have to expect a travesty of justice. Justice is blindfolded, gagged, and dragged screaming into the night.



    How ironic that King Farouk destroyed critical evidence in building a mansion at the base of the Great Pyramid.



    tempus fugit extra philosophiam.
  • SanctionIISanctionII Posts: 12,571 ✭✭✭✭✭
    I mentioned this before and I will do so again.

    In this type of case (extensively litigated at the trial court level and thereafter at the Court Of Appeals level [with the 3 justice panel decision and the en banc panel decision] with both sides 180 degrees apart in how they view the case) there is absolutely no reason why the losing side would not seek appellate review. The Langbords lost at the trial court level and appealed. They won the first round of appeals and the government sought rehearing en banc.

    Nothing would be lost (except more attorney time, attorney fees and litigation costs) by the losing side seeking US Supreme Court review of the decision of en banc panel. If the Langbords had prevailed today the government would seek US Supreme Court review. The Langbords will seek US Supreme Court review.

    Whether the US Supreme Court would take this case is unknown. The percentages are very low on the Supreme Court accepting petitions for review. However, the same thing could be said about the 3rd Circuit granting a request for rehearing before the en banc panel.

    There is something about this case (maybe it is that it deals with 10 gold double eagles and the "treasure" aspect of things) that generates interest. Maybe it is the history that this case consists of (over 80 years now). Maybe it is because this case, at its core, deals with the nature of "property rights" [both private and public], the relationships between the government and the governed, and the nature and extent of the power of the government to take possession and/or title of property from the governed.

    If the US Supreme Court does grant a petition for review and agrees to hear this case, the legal community and the general public (though expanded media coverage) will pay attention to this case in the same manner that the hobby has been doing so.

    Do any federal practicioners know what the time deadline is for the Langbords to file their petition for review? If the petition is granted, how long does the process usually take and a decision by the Supremes issued?
  • gnatgnat Posts: 392 ✭✭✭
    SanctionII,

    Supreme Court Rule 13 would apply, giving them 90 days to seek review (Certiorari) by the Supreme Court.



    A fascinating case, and I agree that the weakness of the decision (and potential grounds for review) is in part the "harmless error" ruling(s). But, without actually reviewing the transcripts, it is difficult for anyone to second guess this.



    But, perhaps, key is that there seemed to be more than ample evidence that the coins never legally left the Cashier's office. Thus, they were stolen. And, it is fundamental that one cannot obtain legal title to stolen property.



    How does this make us "less free?" If you can cogently explain that nexus, well, I'd be impressed.
  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    Originally posted by: tradedollarnut
    Our country just became less free


    Free to steal from the Government?

    Israel Swift seems to have been a bit of a weasel and him being involved in back door deals is probably well within his standard procedure.

    He knew he had them, but his daughter didn't "discover" them until almost 70 years later.

    Even though manual records from 1933 are spotty, there is no record of any 1933 $20 libs leaving the Mint.

    Did he obtain them legally during the 3 week period between them being first struck and when FDR finally shut it down?
    Maybe - but there are no records of that and apparently no one else did.

    So the Government got its stolen property back. I just hope they will make them available for public display in museums and not destroy them.

    Beside the Farouk coin (the only legal 1933 $20) there is one in the National Numismatic Museum and ten others confiscated earlier in Fort Knox.




  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    It certainly cannot be proven without a reasonable doubt that the coins left the cashiers window illegally. The evidence "presented" needed to be better. Too bad we can't ask Secretary of the Treasury William Woodin how he obtained his specimen(s) in 1933. One can only assume it was not through illegal means. image



    How many of the known 1933 $10 Indians can be positively proven to have left the US mint legally? How about 1873-cc NA quarters and dimes? 1870-s half dime? 1804 dollars? 1885 Trade dollars? Mint gold coin "records" from 1933 are not "spotty," they are non-existant.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    The Mint and the Treasury was not harmed by the switching of one date for another in 1933. Only after the value for the date increased did the Government take notice.
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • mustangmanbobmustangmanbob Posts: 1,890 ✭✭✭✭✭
    I think retroactive capital gains, estate taxes, interest, penalties, etc. would be more than the value of the coins themselves.



    Estate tax at 77% over $10,000,000 ( a figure being kicked around for how much they are worth)



    70 years of retroactive interest, compounded.



    Probably somewhere north of $300,000,000 right now.



    US GOV: Pay us the $300,000,000 and you can have your coins back.
  • tradedollarnuttradedollarnut Posts: 20,198 ✭✭✭✭✭
    Originally posted by: TopographicOceans
    Originally posted by: tradedollarnut
    Our country just became less free


    Free to steal from the Government?

    Israel Swift seems to have been a bit of a weasel and him being involved in back door deals is probably well within his standard procedure.

    He knew he had them, but his daughter didn't "discover" them until almost 70 years later.

    Even though manual records from 1933 are spotty, there is no record of any 1933 $20 libs leaving the Mint.

    Did he obtain them legally during the 3 week period between them being first struck and when FDR finally shut it down?
    Maybe - but there are no records of that and apparently no one else did.

    So the Government got its stolen property back. I just hope they will make them available for public display in museums and not destroy them.

    Beside the Farouk coin (the only legal 1933 $20) there is one in the National Numismatic Museum and ten others confiscated earlier in Fort Knox.






    The Government can just claim it owns something and ignore the laws specified for forfeiture. When citizens have fewer protection from an overreaching Government then they are less free.
  • CaptHenwayCaptHenway Posts: 32,709 ✭✭✭✭✭
    Originally posted by: tradedollarnut

    Our country just became less free




    Agreed.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • TommyTypeTommyType Posts: 4,586 ✭✭✭✭✭
    I think there is some wishful thinking going on.



    It's probably too much to ask everyone to read the decision in the OP, but at least read pages 46 to 48.



    As far as the court is concerned, there is no doubt that the coins did NOT, and could not, have left the mint legally.



    Feel free to make up your own facts....but the legal system seems to have determined that much.



    Added:

    Actually, decision is in 3rd post. Linking here for easy access.



    Link
    Easily distracted Type Collector
  • RichieURichRichieURich Posts: 8,553 ✭✭✭✭✭
    The Government can just claim it owns something and ignore the laws specified for forfeiture. When citizens have fewer protection from an overreaching Government then they are less free.



    I believe the discussion on pages 70 - 76, which is the Dissenting Opinion, especially the first full paragraph on page 74, is quite relevant here.



    The majority opinion basically states that CAFRA doesn't apply to any case within which the government doesn't want it to apply. Now that we know that, I think we need to know what other laws don't apply whenever the government doesn't want them to apply?



    An authorized PCGS dealer, and a contributor to the Red Book.

  • TommyTypeTommyType Posts: 4,586 ✭✭✭✭✭
    Originally posted by: RichieURich

    The Government can just claim it owns something and ignore the laws specified for forfeiture. When citizens have fewer protection from an overreaching Government then they are less free.



    I believe the discussion on pages 70 - 76, which is the Dissenting Opinion, especially the first full paragraph on page 74, is quite relevant here.



    The majority opinion basically states that CAFRA doesn't apply to any case within which the government doesn't want it to apply. Now that we know that, I think we need to know what other laws don't apply whenever the government doesn't want them to apply?







    While I'm far from a lawyer, I do find the line of reasoning in the dissenting opinion fairly compelling. Since ownership was not automatically known at the time, asserting that "the rules" didn't apply because "we already own them" is pretty lame.



    The larger question about the status of the 1933 Double Eagles being government property, I still accept. Having to give them back to the family because the government was being hard headed and not following "the rules"....well, shame on Uncle Sam. (Though, I hate seeing right and wrong determined by a artificial statutory timeline....for either the Government, or a private citizen.)

    Easily distracted Type Collector
  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    Civil forfeiture was a great idea for seizing assets of criminal organizations. Congress tried to bring it under control with their CAFRA bill in 2000, but it is getting worse each year.

    Federal and State Law enforcement have found it to be a great cash cow for their bottom lines and people who have never been convicted of a crime, are having cash, cars - even their homes seized by the government. And it is way too expensive to try and get them back.

    The Langbord's do fall into this category, but it is much more widespread then people realize.

    I think this is a much larger issue than 10 coins that are of questionable ownership.
  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭
    Originally posted by: RichieURich
    The Government can just claim it owns something and ignore the laws specified for forfeiture. When citizens have fewer protection from an overreaching Government then they are less free.

    I believe the discussion on pages 70 - 76, which is the Dissenting Opinion, especially the first full paragraph on page 74, is quite relevant here.

    The majority opinion basically states that CAFRA doesn't apply to any case within which the government doesn't want it to apply. Now that we know that, I think we need to know what other laws don't apply whenever the government doesn't want them to apply?



    The court did not ignore the statute or allow the government to reinterpret the statute. CAFRA applies to forfeitures per the plain meaning of the statute. Had Congress intended to enlarge the scope of the statute beyond forfeiture and to cover all seizures, it could have done so. Congress is presumed to know the law, and the law is clear: You cannot forfeit what you never acquired and legal title does not convey when items are stolen (as the jury found). Whether we agree with the jury's decision or not, the factual arguments ended there with the jury. It is the dissent that is trying to rewrite the law by changing what it means to "forfeit" something as that term has a definition that is legally well rooted in case law and the common law.

    This case also shows why I hate jury trials - you are relying on a group of lay people who may or may not be competent enough to make a correct finding of fact. Once that finding of fact has been made, it is difficult to have overturned later.
  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭
    Originally posted by: SanctionII

    There is something about this case (maybe it is that it deals with 10 gold double eagles and the "treasure" aspect of things) that generates interest. Maybe it is the history that this case consists of (over 80 years now). Maybe it is because this case, at its core, deals with the nature of "property rights" [both private and public], the relationships between the government and the governed, and the nature and extent of the power of the government to take possession and/or title of property from the governed.


    None of these are sufficient reasons for a grant of a writ of certiorari. A writ of certiorari is discretionary and is not granted in all cases when the circuit court is wrong. It is typically awarded where there is a deep circuit conflict or where issues are of such national importance that review is warranted before other courts have had the opportunity to address the issue. This does not qualify under the latter IMHO. To be frank, the CAFRA ruling was correct as a matter of law although I do not like the result any more than most collectors do.


    Do any federal practicioners know what the time deadline is for the Langbords to file their petition for review? If the petition is granted, how long does the process usually take and a decision by the Supremes issued?


    The Langboards have 90 days to file a petition for writ of certiorari, but can seek an extension if needed. The time truly depends on factors that are variable. 90 days out would put us in November. It takes time for the petition to circulate among the law clerks to prepare mini-briefs for the justices and go to conference which likely would not be decided until late December 2016 or January 2017. If review were granted, it would be docketed in the Spring of 2017 and a ruling issued by the end of June 2017. I expect that the petition would be denied.
  • RampageRampage Posts: 9,512 ✭✭✭✭✭
    Originally posted by: TopographicOceans

    The Obama wants to steal me gold image




    Really? That is what you gather from this?









  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Originally posted by: TommyType

    I think there is some wishful thinking going on.



    It's probably too much to ask everyone to read the decision in the OP, but at least read pages 46 to 48.



    As far as the court is concerned, there is no doubt that the coins did NOT, and could not, have left the mint legally.



    Feel free to make up your own facts....but the legal system seems to have determined that much.



    Added:

    Actually, decision is in 3rd post. Linking here for easy access.



    Link






    Thanks for that link. I read pages 46-48 and I don't see anything in the govt's interpretation that convinces me it wasn't possible to legally exchange for 1933 Saints at the cashier's window. The govt suggests the mint records and cashier's window ledger are infallible, and that they account for EVERY single coin in the vault, by date/mint. Preposterous actually. Since the govt's stance is that every 1933 had to be stolen or embezzled (sorry King Farouk), then FDR's Secretary of the Treasury, numismatist William Woodin, obtained his personal specimens will full knowledge that it was illegal. Now that's a stretch. Since the mint records are infallible, show me the entry where Secretary Woodin obtained his specimen(s) from the US mint/cashier's window. It has to be there because of the infallibility of mint record keeping. And why would the mint/treasury specifically place 500 specimens available to the cashier if their intention was to ensure not a single specimen was to ever be handed out?



    Note also that FDR's proclamation contained an exception (likely via Woodin and his assistant) that allowed collectors to retain "coins of rare or unusual interest." The govt now suggests that 1933 Saints at that time wouldn't have qualified as rare or unusual as there were over 445,000 of them in existence. From my readings of that era and the decades that followed, even a 1928 $20 Saint with millions minted, qualified as rare or unusual. Mintage had nothing to do with it. And collectors of the 1930's could have kept up to 5 specimens of any pre-1933 gold coin legally, and many did just that (Eliasberg, Pittman, Bareford, Stack, etc.). I don't see why a 1933 Saint was any different. Read David Ganz's article on this era of gold coin seizure.



    Ganz on gold



    Finally, FDR's gold executive order wasn't even legal as he did not have the power to authorize a gold coin seizure/turn-in. By law, only the Secretary of the Treasury could authorize this. It wasn't until the US Govt was taken to court in Sept 1933 on another seizure case that they realized this "mistake" occurred. Oops. It was corrected by reissuing the order with the SOT's signature. So what about March-Sept 1933? This recent 9-3 ruling in favor of the USGovt clearly shows that 25% of the judges sided with the Langbords. Does a govt ruling ensure that all important facts were found/presented and complete justice was carried out? Like the grade of a coin, it's just an opinion. And opinions change. And opinions can be influenced.



    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    TextOriginally posted by: tradedollarnut Our country just became less free




    Roadrunners line of reasoning is excellent...I believe there is sufficient cause for appeal to SCOTUS.... Cheers, RickO
  • RichieURichRichieURich Posts: 8,553 ✭✭✭✭✭
    Originally posted by: cameonut2011

    Originally posted by: RichieURich

    The Government can just claim it owns something and ignore the laws specified for forfeiture. When citizens have fewer protection from an overreaching Government then they are less free.



    I believe the discussion on pages 70 - 76, which is the Dissenting Opinion, especially the first full paragraph on page 74, is quite relevant here.



    The majority opinion basically states that CAFRA doesn't apply to any case within which the government doesn't want it to apply. Now that we know that, I think we need to know what other laws don't apply whenever the government doesn't want them to apply?







    The court did not ignore the statute or allow the government to reinterpret the statute. CAFRA applies to forfeitures per the plain meaning of the statute. Had Congress intended to enlarge the scope of the statute beyond forfeiture and to cover all seizures, it could have done so. Congress is presumed to know the law, and the law is clear: You cannot forfeit what you never acquired and legal title does not convey when items are stolen (as the jury found). Whether we agree with the jury's decision or not, the factual arguments ended there with the jury. It is the dissent that is trying to rewrite the law by changing what it means to "forfeit" something as that term has a definition that is legally well rooted in case law and the common law.



    This case also shows why I hate jury trials - you are relying on a group of lay people who may or may not be competent enough to make a correct finding of fact. Once that finding of fact has been made, it is difficult to have overturned later.





    There is a famous quote attributed to Abraham Lincoln: "How many legs does a dog have if you call his tail a leg? Four. Saying that a tail is a leg doesn't make it a leg."



    Saying it isn't a forfeiture but calling it something else doesn't mean that it isn't a forfeiture.



    But I called this verdict long ago. With a high-stakes treasure, and the government on one side, it was obvious to me many years ago that a court run by the government would come up with some sort of parsed legal rationale that justified a decision in favor of the government.



    I agree with your comments regarding the competency of lay people on a jury. Especially in this case where the trial court judge clearly favored the government through his rulings on evidence, jury instructions, etc.

    An authorized PCGS dealer, and a contributor to the Red Book.

  • ashelandasheland Posts: 23,714 ✭✭✭✭✭
    Originally posted by: EagleEye
    The Mint and the Treasury was not harmed by the switching of one date for another in 1933. Only after the value for the date increased did the Government take notice.


    Agree!
  • ashelandasheland Posts: 23,714 ✭✭✭✭✭
    Originally posted by: Rampage
    Originally posted by: TopographicOceans
    The Obama wants to steal me gold image


    Really? That is what you gather from this?






    image
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    Well, the decision was rendered before a Supreme Court justice was confirmed. Now it appears, the Supreme Court will have the opportunity to take the case if they so choose. It will be interesting to see if there is a full court of 9 when that decision is made. Given the long time frames with respect to legal cases, I expect there will be a 9th justice before this case is presented to the Supreme Court for possible litigation. My non professional view is that there is a good chance it will be heard, given all the different twists and turns regarding this case. There are serious property issues and government errors that may or may not be heard. The Road Goes on Forever!

    For those concerned about the cost to the government, all the lawyers are on staff and thus are a sunk cost. No one was hired specifically for this case in terms of lawyers. Yes, there were a few experts, but that is spare change compared to the hours of legal work.
    Retired United States Mint guy, now working on an Everyman Type Set.
  • Originally posted by: ricko
    TextOriginally posted by: tradedollarnut Our country just became less free


    Roadrunners line of reasoning is excellent...I believe there is sufficient cause for appeal to SCOTUS.... Cheers, RickO


    I don't see anything in this case that would make me think the supremes would take it up. Just because any case may have 'sufficient cause for appeal' doesn't mean it will get a review. What is the broad issue they would want to address? 70+ year old overreach in the general gold seizure? What point would that serve the country at large? They have bigger fish to fry and limited cases they can take.

    Of course they have surprised me on occasion...


    merse

  • Wolf359Wolf359 Posts: 7,663 ✭✭✭
    Well it's over. The Supreme Court, even if they take the case, will find some invented reason to keep the coins. My faith in courts went bye bye years ago. They are the most corrupt part of the Government.
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    With the 10 Langbord coins, and the 2 Smithsonian coins, the govt can now display the coins at all 12 Federal Reserve Banks.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • BAJJERFANBAJJERFAN Posts: 31,268 ✭✭✭✭✭
    Originally posted by: DeepCoin





    For those concerned about the cost to the government, all the lawyers are on staff and thus are a sunk cost. No one was hired specifically for this case in terms of lawyers. Yes, there were a few experts, but that is spare change compared to the hours of legal work.




    Yep. They get paid the same whether they are on this case or something else equally wasteful.
    theknowitalltroll;
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    Originally posted by: roadrunner

    With the 10 Langbord coins, and the 2 Smithsonian coins, the govt can now display the coins at all 12 Federal Reserve Banks.




    I look forward to the calendar



    mark



    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,571 ✭✭✭✭✭
    Dont worry. Higher taxes will fix it .
  • WillieBoyd2WillieBoyd2 Posts: 5,268 ✭✭✭✭✭
    edited May 23, 2024 5:37AM
    The story made the Washington Post on August 2, 2016:

    ‘A high-stakes dispute over ten pieces of gold’: Court reclaims priceless Double Eagle coins for U.S. government

    https://www.washingtonpost.com...oins-for-us-government


    https://www.brianrxm.com
    The Mysterious Egyptian Magic Coin
    Coins in Movies
    Coins on Television

  • mr1931Smr1931S Posts: 6,405 ✭✭✭✭✭
    The Washington Post has the ten 1933 double eagles valued at a total of $100 million.

    Obviously,they didn't talk to anybody in "the know" about market valuation of 1933 double eagles.

    $20 million for all ten is more like it so the folks at the newspaper have inflated the value by 500%.image

    Whoever is careless with the truth in small matters cannot be trusted with important matters.

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