1933 double eagle trial: At long last, a conclusion

[legend76]

http://www.coinworld.com/articles/19...last-a-conclu/

Govt wins again

[captainfwiffo]

The law and the facts of the case seem pretty open and shut to me. I'm surprised there was five hours of deliberation.

[fistfulladirt]

I followed that story, my comments I keep to myself!

[legend76]

I followed that story, my comments I keep to myself!

PM comments to me, I'm curious

[RP4L]

Why in the world would you take coins to the Treasury Dept for authentication? They learned an important lesson -- never tell the government that you own gold or silver. If you do, be prepared to lose it.

[dpy52081]

what dip$hits. That's all I got.

[Old Bookaroo]

RP4L:

I agree with you. However, the Treasury Dept. was going to go after these coins if word ever got out they were being offered for sale.

It makes sense to me that the Treasury has a very long memory regarding theft - although story about the silver missing from the San Francisco Mint didn't get much public play.

The 1933 Gold Act recalled all US gold coins. The 1933 $20 gold pieces were never released to the general public. I really don't see how the folks who had these coins really had a position.

Now, perhaps they should have tested the waters with just one coin. And kept the rest back as leverage for negotiation, as in the past the Treasure paid a reward or finders' fee or whatever they called it when another coin had been put up for sale.

However, once the Treasury had them all in hand - the leverage was gone.

Good luck to all,

~The Old Bookaroo

[Neil in West Jersey]

http://www.coinworld.com/articles/19...last-a-conclu/

Govt wins again

If you see my comments in the post I made a few hours earlier than yours, they are planning on an appeal. My feeling is that this decision will eventually be overturned by a higher court.

[RP4L]

RP4L:

I agree with you. However, the Treasury Dept. was going to go after these coins if word ever got out they were being offered for sale.

Easy solution: melt them. I'd rather have $10k in gold than $0 and maybe legal costs.

[Neil in West Jersey]

RP4L:

I agree with you. However, the Treasury Dept. was going to go after these coins if word ever got out they were being offered for sale.

Easy solution: melt them. I'd rather have $10k in gold than $0 and maybe legal costs.

Believe me, they don't need the money. The family is already loaded.

[Sheldon J]

RP4L:

I agree with you. However, the Treasury Dept. was going to go after these coins if word ever got out they were being offered for sale.

Easy solution: melt them. I'd rather have $10k in gold than $0 and maybe legal costs.

Believe me, they don't need the money. The family is already loaded.

and that is an excuse to let the government seal from them how?

[Neil in West Jersey]

RP4L:

I agree with you. However, the Treasury Dept. was going to go after these coins if word ever got out they were being offered for sale.

Easy solution: melt them. I'd rather have $10k in gold than $0 and maybe legal costs.

Believe me, they don't need the money. The family is already loaded.

and that is an excuse to let the government seal from them how?

No, the point is that it is not a reason to melt down the coins for their gold content.

[Sheldon J]

This is interesting.

It appears some folks are condoning thievery

The government has not proven theft, it's all guess work, innuendos, and accusations, read the whole case.....

It's called "Reasonable Doubt" and from what I see there is a heap of it.....