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1933 Double Eagle update in Coin World

For those following the saga (“soap opera”?) of the 1933 Double Eagles, there are two new research articles in the September 6, 2010 issue of Coin World (page 5) that might be of interest. (Edition available to on-line subscribers.)

The new information not only shows that production of the coins began much earlier than thought, but that some were removed from initial production and probably put in the Cashier’s safe.

The research was conducted as objective investigation, and the documents “tell their own story.”

Comments

  • Two great articles I just finished reading. The facts presented sure don't look good for the Government's case.
    Bob

  • SanctionIISanctionII Posts: 12,657 ✭✭✭✭✭
    If the court handling the lawsuit is not going to act, it is nice to know that at least someone is doing something to "get the truth out" about the 1933 double eaglesimage

    Thanks for the heads up Roger. Look forward to reading all about it.

    P.S. I looked at the court docket this morning and there is still no ruling [or any other activity] in the case.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    Thanks Roger. I just read the story, and I think it makes the Langbord's side of the lawsuit even stronger.

    Perhaps Izzy Switt obtained his coins in a surreptitious manner, but perhaps he didn't. It does not seem like a stretch to believe that he paid full value for them and obtained them in a perfectly acceptable/legal manner.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Interesting.. the saga continues. I have always been reluctant to believe that Izzy Swift necessarily procured these coins illegally. I agree, he may have had some knowledge that issuance may be halted, and acted before it became fact. That does not make it wrong. What next I wonder? Cheers, RickO
  • TevaTeva Posts: 830
    There are more authentic 1933 double eagles and depending on the out come of this court case we may get a real idea of just how many there are.This deal sure is taking a long time.
    Give the laziest man the toughest job and he will find the easiest way to get it done.
  • LongacreLongacre Posts: 16,717 ✭✭✭
    Thanks for the update, Roger. I will take a look.
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    With a name like Izzy Swift it does not seem he acquired these coins in a Kosher fashion.

    It is a little like having a name like Bernie MADOFF. Chute,he really made off !!!


    Stewart
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    Excellent article.

    BTW, it's Izzy Switt
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • orevilleoreville Posts: 12,176 ✭✭✭✭✭
    This reminds me of how I obtained my 155 2001 buffalo silver dollars playing by the US Mint's rules which seemed to change by the day back in mid 2001.
    A Collectors Universe poster since 1997!
  • CameonutCameonut Posts: 7,390 ✭✭✭✭✭
    Nicely done Roger. image

    I enjoyed the article. This puts me even more behind the Langbord's in the litigation.

    “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!

  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>Excellent article.

    BTW, it's Izzy Switt >>

    Edited, with apologies, as I was mistaken.
  • StuartStuart Posts: 9,831 ✭✭✭✭✭
    Is this how the term "put a Swifty on someone" may have been derived? -- I meant this as a serious question... Really...

    Stuart

    Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal

    "Luck is what happens when Preparation meets Opportunity"
  • SanctionIISanctionII Posts: 12,657 ✭✭✭✭✭
    Do you think that either one of the "experts" hired by the government and by the Langbords in this case have gotten their hands dirty by personally digging through federal archive files hunting for documents on Mint operations in the 1930's and on 1933 double eagles?

    Or do you think that the experts have formulated their opinions based solely upon:

    1. their own knowledge and experience; and

    2. their review of documents and other information provided to them by the attorneys that hired them?

    I suspect the latter and that as a result, information contained in newly discovered documents [brought to the light of day by researchers like RWB who perform their own hunt for and research of documents contained in federal archives] that have not been previously seen by the court, the attorneys, the experts and/or the parties to the lawsuit may cause some people to rejoice, some people to cringe in anguish and some people to just shake their heads and wish it was all over.

    My initial view of this case has not changed. Whoever the court assigns the burden of proof to at trial in this case will lose the case. Neither side can "prove" by legally admissible evidence how the ten coins left the mint. The Lanbords can not prove the ten coins left the mint legally and the government can not prove that they left the mint illegally.

    Congress and the president [Clinton] passed CAFRA and in doing so placed the burden of proof on the government in asset forfeiture cases. Rightfully so IMO if one considers that private property is and should continue to be a foundation of our country, society and culture.
  • CaptHenwayCaptHenway Posts: 32,901 ✭✭✭✭✭
    Get that info in front of a jury, and the Langbord's win. The problem will be getting a jury to show it to.

    How long had the gummint known about this information? Could it have any influence on the court's eight month stall???

    TD
    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.
  • jonathanbjonathanb Posts: 3,776 ✭✭✭✭✭
    I think that if the Langbords win their case, they should give 10% to RWB...
  • RWBRWB Posts: 8,082
    How long had the gummint known about this information? Could it have any influence on the court's eight month stall???

    The documents mentioned in the CW articles are apparently from 1944/45 and 1947, but before the Barnard case went to trial. The papers do not appear to have been handled from that time until I located them a couple of months ago. It is unlikely that either side in the current case has seen them or was aware of them. The documents were in a seemingly unrelated archive file.

    As to influence, it is probable all involved will see the articles during the next few days.
  • WillieBoyd2WillieBoyd2 Posts: 5,282 ✭✭✭✭✭
    The US government has won several of these cases since the 1940's.

    The courts have always said that the coins were stolen goods.

    image
    https://www.brianrxm.com
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  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>How long had the gummint known about this information? Could it have any influence on the court's eight month stall???

    The documents mentioned in the CW articles are apparently from 1944/45 and 1947, but before the Barnard case went to trial. The papers do not appear to have been handled from that time until I located them a couple of months ago. It is unlikely that either side in the current case has seen them or was aware of them. The documents were in a seemingly unrelated archive file.

    As to influence, it is probable all involved will see the articles during the next few days. >>

    Roger, curiously, what does it feel like to discover/see documents relating to matters of such historical numismatic significance? Do you get goosebumps? Do you read and re-read them, thinking, is this really what I think it is? And so on. Thanks.
  • RichieURichRichieURich Posts: 8,571 ✭✭✭✭✭


    << <i>The US government has won several of these cases since the 1940's.

    The courts have always said that the coins were stolen goods. >>



    With new evidence such as what RWB has discovered, this is a completely different case than the cases in the 1940's and early 1950's. Plus, I would not say that the settlement reached in the Fenton case was a complete "win" for the government. However, the government has a huge "home-field advantage" in that it is one party in the litigation, and the courts are run by the government.

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

  • tradedollarnuttradedollarnut Posts: 20,240 ✭✭✭✭✭
    We the people take a slightly more skeptical view of our government's assertions now. And rightfully so.
  • 7Jaguars7Jaguars Posts: 7,783 ✭✭✭✭✭
    So will the amicus attorneys be able to present this new data? That may "push" the court a little (I am absolutely NOT an attorney, thank god) I would think.
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • johnny9434johnny9434 Posts: 29,441 ✭✭✭✭✭
    maybe will see a quick response now on the lawsuit in general image that is good news
  • CoinosaurusCoinosaurus Posts: 9,645 ✭✭✭✭✭


    << <i>maybe will see a quick response now on the lawsuit in general image that is good news >>



    Nah......the losing side will drag out ad infinitum.......and if the new ones are legalized you have to wonder when the current owner will step into the fray......doubt anything we say here will make any difference, but you have to admit the whole thing is really interesting.......
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>So will the amicus attorneys be able to present this new data? That may "push" the court a little (I am absolutely NOT an attorney, thank god) I would think. >>

    I don't see why that information couldn't be used.
  • RWBRWB Posts: 8,082
    re: Previous cases about 1933 DE.

    Only the Barnard case ever went to trial - 1947. Court ruled in the government's favor. (Based on the evidence presented and the puny defense, the ruling seems reasonable to me.)

    re: Roger, curiously, what does it feel like to discover/see documents relating to matters of such historical numismatic significance? Do you get goosebumps? Do you read and re-read them, thinking, is this really what I think it is? And so on. Thanks.

    At the time these things (and others on other subjects) were located, they were little more than "key word blurs" that I copied or photographed. About the only reaction was "fascinating" as Mr. Spock would say. I copy first, then organize and analyze.

    The analysis is where things get interesting. This is where I start to understand what the documents say, how they relate to each other and how they relate to material from other sources. This is the “light bulb” stage, although sometimes it is a “burn out,” or “dim bulb,” too. Only after the pieces are understood and connected do I get excited about a discovery – because that is the point at which it becomes “really real.”

    The most important thing is getting to the facts – or as much of them as still exist – and bringing them to the attention of collectors and hobby professionals.
  • Roger,

    Which format do you use for document reproduction- photography, scan to paper or scan to flash drive (a capability the Philly facility sadly lacks)? If you photograph docs, what sort of camera do you use?
  • Wolf359Wolf359 Posts: 7,663 ✭✭✭
    Well if RWB's research does indeed destroy the government's case, I say he should receive a 1933 Double Eagle. image
  • CoinosaurusCoinosaurus Posts: 9,645 ✭✭✭✭✭
    Roger has the odd habit of actually writing down where he gets his documents from (down to the box number) when he cites them.

    You'd think it would be obvious but for some reason few people do this. It amazes me. You would go to all the trouble to write a book or aticle, but not be able to retrace your steps if you wanted to double-check something later? It's sort of like you don't even respect your own work.

    I guess if you believe that some of the documents were made up or fabricated then there is not much use repeating all of the false information in them, or bothering to note where you found them.
  • RWBRWB Posts: 8,082
    Which format do you use for document reproduction- photography, scan to paper or scan to flash drive (a capability the Philly facility sadly lacks)? If you photograph docs, what sort of camera do you use?

    I use a Nikon D-70s w/35mm f1.4 lens and ISO at 1600. Everything is set manually and the color balance is approximate – most archives have mixed light sources.

    When possible, I prefer to photocopy letters and memoranda. At home, I run the sheets through a laser printer and add the document source and location to the header of each page. This lets me later rearrange sheets without losing the source information.

    If the archivists will not permit photocopying (as with books, presscopy pages and very fragile originals), I photograph the pages using the camera hand held. Later, I have to correct perspective on the photographed pages, and electronically (Photoshop) add document source and location.

    I tend to prefer paper copies because they are simpler or correlate and rearrange than electronic files, particularly when electronic documents can’t be OCR’d. I hate adding a bunch of metadata.
  • MrBearMrBear Posts: 379 ✭✭✭
    If you shoot RAW, you can adjust the sharpening and white balance later, at your leisure.
    Occasionally successful coin collector.
  • RWBRWB Posts: 8,082
    Thanks MrBear. I commonly use the highest quality JPG rather than raw. It’s an easy matter to correct color balance later – the real color problem is from mixed light sources. But I don’t usually photograph documents for their colors. When color is really important, I’ll balance off a Kodak gray card, then do fine corrections in Photoshop. Sharpness is mostly a matter of getting enough depth of focus to produce readable text even when the original is skewed or I have to shoot at an angle. (Many archives do not permit tripods.)
  • CaptHenwayCaptHenway Posts: 32,901 ✭✭✭✭✭


    << <i>Well if RWB's research does indeed destroy the government's case, I say he should receive a 1933 Double Eagle. image >>



    I'll drink to that!!!

    image
    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.
  • RWBRWB Posts: 8,082
    That would be nice, but what would I do with it except consign it to an auction? ....'Course, that could finance a bunch of photocopies at NARA.... image
  • RWBRWB Posts: 8,082
    I’ve been asked where the documents in the articles are located. All are in NARA Philadelphia City Center. The small, laser printed code visible near the edge in most of the images states the Record Group, entry number, and file box or folder.

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