Double Eagle Law Suit

[Tabfry]

I was surprised I didn't see this already posted as a topic...

http://www.usatoday.com/news/nation/2006-12-05-us-mint_x.htm?csp=34

What do you think the outcome will/should be?

 

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[sailrunner]

Thats just another example of the US GOVT,,if they cant get it legal, just confiscate or steal it from you..Then you have to Fight to get YOUR property back....
There all a bunch of thieves. From GW down to your local city council..Believe it.

 

[mercinarie]

if the mint wins they will probably just sell em off for another 7 million and pocket the cash.

bastards.

 

[gregl01]

What I could never figure out is that the Mint made these and they made it out before they were deemed "illegal". So how can they justify their reasoning The Mint produced these coins as legal tender and they should be!!!!!
Greg

 

[blurr]

What I could never figure out is that the Mint made these and they made it out before they were deemed "illegal". So how can they justify their reasoning The Mint produced these coins as legal tender and they should be!!!!!
Greg

I'm not trying to argue with you, but everything I have read says that they were never in circulation. Someone who worked at the mint "rescued" them before they could be melted down. With that being said, they already settled with the other guy who had one, so why not with these people? Wouldn't that just suck rocks, to have something that is worth millions and millions of dollars and not be able to cash in on it?

John

 

[AOSDC]

How can the goverment say they were illegal. Maybe the guy that worked there bought the coins at face value and kept them never to circulate them but to keep them. Unless of course the goverment having strict rules about employees NOt buying error coins for face value way back in the days.

Anybody know?

 

[gollum]

I can tell you positively. If somebody at the mint had bought those coins, there would have been a record of the purchase. There is none. Somebody just pocketed them, and they have been in hiding ever since.

I'm not an attorney, but the mint should sell the coins off one at a time, and split the profits with the family. I say one at a time, because if they put them all up for sale at once, it would have the effect of flooding the market for this particular coin, and it's value would be MUCH less.

Best,

Mike

 

[blurr]

How can the government say they were illegal. Maybe the guy that worked there bought the coins at face value and kept them never to circulate them but to keep them. Unless of course the government having strict rules about employees Not buying error coins for face value way back in the days.

Anybody know?

FDR made using gold as coinage illegal in 1933. All coins were to be melted down into bars and kept at fort Knox. Can't buy them legally if they are illegal to own.

John

 

[gollum]

Hey Blurr,

That's a common misconception, but owning a small amount of gold was legal. A person could own up to five ounces of gold, others, like Dentists, and the like were allowed to possess gold for their work as well.

Best,

Mike

 

[AOSDC]

I think the US Gov probadly lost all bill of sales pertaining to gold in 1933.

Anybody keep receipts that long?

 

[blurr]

Hey Blurr,

That's a common misconception, but owning a small amount of gold was legal. A person could own up to five ounces of gold, others, like Dentists, and the like were allowed to possess gold for their work as well.

Best,

Mike

Mike,

I think it had to be jewlry or collector coins though. Pretty sure all U.S. gold coinage was supposed to be turned in and exchanged for "funny money".

John

 

[Fumbles]

I would prefer real proof that they were stolen. "They look too good to be legal, therefore they are stolen" isn't good enough.

This smells bad. Sounds like some beaurocrats see a way to finance their next Christmas party.

 

[AOSDC]

What gets me how in the heck a president can enforce an executive order (under a 1917 law/War Powers act,trading with the enemy act) and taking the people's rights away from them (owning gold) in 1933.

 

[AOSDC]

Well, I guess I would have buried all my gold. Until a later date. The governent owning most of the gold just doesn't sound right. I'm just a firm believer in our constitutional rights.

 

[blurr]

Well, I guess I would have buried all my gold. Until a later date. The government owning most of the gold just doesn't sound right. I'm just a firm believer in our constitutional rights.

If you read the articles from back then, the reason for the law was to stop the bleeding of the economy. You can own as much gold as you want to.

John