Family Loses Coins Worth Millions

[N.J.THer]

http://online.wsj.com/article/SB10001424053111903461104576458423819724978.html

Basic Skills - 7.6 million times 10 equals lots of money

Mistake - Turning it over to the Mint to be authenticated

Conclusion - US Government just made $76 million - There are roughly 312 million people in the US - I want my 24.3 cents and I want it now.

Enjoy your day and stay cool in this heat.
NJ

 

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[ivan salis]

they trusted the grubbermint ? what a buncha dummies -- how dumb can you be and still walk up right? --

lets see (10) 1933 $20 gold pieces all of which were supposed to be melted down by president FDR 's orders * so they would have been illegal to own at the time , thus illegal to leave the treasury vaults in any form whatsoever -- and the family hands them over to be "proven" that they are "real" illegally gotten 1933 $20 gold pieces worth 7.6 million each? --thank you very much for 76 million dollars says the "grubbermint'

morons.

 

[WilliamBoyd]

Since the coins were stolen from the mint in the first place,
they are worth nothing unless the US government sells them.

Happens with old cars all the time, someone tries to sell a car,
only to find out it was stolen, sometimes 30 or 40 years ago.

 

[Silver Surfer]

Since the coins were stolen from the mint in the first place

I am so ashamed of our Govt over this case. Stolen? Multitudes of people did not turn in their gold as they were supposed to. Simply looking at the stats of how many gold coins were minted and how many were melted shows that as fact... Then there is the statute of limitations, etc., not to mention that the family tried to be up front and sent them to the Govt to be authenticated.
Our Govt is simply an evil entity, and it makes me sick. Hell, even in this state, treasure found will still be split 50/50 with the State...

It makes me sick.

 

[azlegends]

Since the coins were stolen from the mint in the first place

I am so ashamed of our Govt over this case. Stolen? Multitudes of people did not turn in their gold as they were supposed to. Simply looking at the stats of how many gold coins were minted and how many were melted shows that as fact... Then there is the statute of limitations, etc., not to mention that the family tried to be up front and sent them to the Govt to be authenticated.
Our Govt is simply an evil entity, and it makes me sick. Hell, even in this state, treasure found will still be split 50/50 with the State...

It makes me sick.

Actually the coins in question were literally stolen from the mint.

 

[joeman]

They would have been better off 'MELTING THEM DOWN'!! Heck, I would have turned in 1 for authentication and waited to see what happened first! Chances are the rest are going to be REAL too, wouldn't you think? Once I knew they were keeping it, I would have melted those other suckers and turned them into 'Casting Bits'!!

 

[Fatbat]

They would have been better off 'MELTING THEM DOWN'!! Heck, I would have turned in 1 for authentication and waited to see what happened first! Chances are the rest are going to be REAL too, wouldn't you think? Once I knew they were keeping it, I would have melted those other suckers and turned them into 'Casting Bits'!!

You'd melt down coins worth 7.6 million each?!

 

[CoinHELP!]

There's a few unauthorized US Coins that left the mint illegally like the 1856 Flying Eagle Cent and 1913 V Nickel but people are allowed to own them. These coins should not exist and should fall under the same decision made for the 1933 Double Eagles they just confiscated. I hope they appeal the decision and let the family to own the coin.

 

[N.J.THer]

There's a few unauthorized US Coins that left the mint illegally like the 1856 Flying Eagle Cent and 1913 V Nickel but people are allowed to own them. These coins should not exist and should fall under the same decision made for the 1933 Double Eagles they just confiscated. I hope they appeal the decision and let the family to own the coin.

The big difference is the people with those coins did not send them back to the mint...

 

[CoinHELP!]

There's a few unauthorized US Coins that left the mint illegally like the 1856 Flying Eagle Cent and 1913 V Nickel but people are allowed to own them. These coins should not exist and should fall under the same decision made for the 1933 Double Eagles they just confiscated. I hope they appeal the decision and let the family to own the coin.

The big difference is the people with those coins did not send them back to the mint...

You got that right. I would have went them to PCGS and did a walk-through grading.