All your gold are belong to us

[Locutus]

Judge Says 10 Rare Gold Coins Worth $80 Million Belong to Uncle Sam



A judge ruled that 10 rare gold coins worth $80 million belonged to the U.S. government, not a family that had sued the U.S. Treasury, saying it had illegally seized them.

The 1933 Saint-Gaudens double eagle coin was originally valued at $20, but one owned by King Farouk of Egypt sold for as much as $7.5 million at a Sotheby's auction in 2002, according to Courthouse News.

After the U.S. abandoned the gold standard, most of the 445,500 double eagles that the Philadelphia Mint had struck were melted into gold bars.

However, a Philadelphia Mint cashier had managed to give or sell some of them to a local coin dealer, Israel Switt.

In 2003, Switt's family, his daughter, Joan Langbord, and two grandsons, drilled opened a safety deposit box that had belonged to him and found the 10 coins.



When the Langbords gave the coins to the Philadelphia Mint for authentication, the government seized them without compensating the family.



Jacqueline Romero, assistant U.S. attorney in Philadelphia, explained that the coins legally belonged to the government after Franklin Delano Roosevelt ordered citizens to exchange their gold for cash in an effort to keep the banks afloat during the Great Depression.


“Those coins were all in a vault and were supposed to be melted,” she asserted.


Newsy contributes, including an explanation of FDR’s policy:



more


Judge Says 10 Rare Gold Coins Worth $80 Million Belong to Uncle Sam - ABC News

Judge: Langboard Family’s $80 Million Double Eagle Gold Coins Belong to Government | Franklin Delano Roosevelt | Video | TheBlaze.com

 

[petros]

What a scam.

 

[CDNBear]

Follows conventional logic.

If you buy stolen property from a pawn shop, the 'government' has every legal right to seize it, and return it to it's rightful owner.

For compensation, you sue the pawn shop that sold you the stolen property.

George McCann stole the coins in question, which were never released for circulation, from the mint, when he was a mint cashier.

As unfortunate as it is, it seems the courts rendered the correct verdict.

 

[petros]

Follows conventional logic.

If you buy stolen property from a pawn shop, the 'government' has every legal right to seize it, and return it to it's rightful owner.

For compensation, you sue the pawn shop that sold you the stolen property.

George McCann stole the coins in question, which were never released for circulation, from the mint, when he was a mint cashier.

As unfortunate as it is, it seems the courts rendered the correct verdict.

They were stolen?

 

[MapleDog]

Follows conventional logic.

If you buy stolen property from a pawn shop, the 'government' has every legal right to seize it, and return it to it's rightful owner.

For compensation, you sue the pawn shop that sold you the stolen property.

George McCann stole the coins in question, which were never released for circulation, from the mint, when he was a mint cashier.

As unfortunate as it is, it seems the courts rendered the correct verdict.

Funny,if your stuff is stolen and you find it in a pawn shop,the items won't be returned to you,they belong to the pawn shop,if you want them back you have to pay for it,but i guess if its items that allegedly belonged to the government or a bank etc,it is seized.

 

[CDNBear]

They were stolen?

Yes. That's why I said it.

Funny,if your stuff is stolen and you find it in a pawn shop,the items won't be returned to you,they belong to the pawn shop,if you want them back you have to pay for it,but i guess if its items that allegedly belonged to the government or a bank etc,it is seized.

Bullsh!t.

 

[MapleDog]

Yes. That's why I said it.

Bullsh!t.

Not in quebec,here the original owners can't take his stuff back unless he pay the crooks owning the pawn shops.
i saw a few years ago a story about stolen stuff found in pawn shop,and one of them was a guitar belonging to a store that rented musical instruments,and the name of the store was stamped on the guitar,but apparently the store owner was told that if he wanted it back he had to pay for it "by the cops"

 

[petros]

Yes. That's why I said it.

But the criminal case was never prosecuted because the statute of limitations had run out by the time the Secret Service got involved, she says. The government did recover at least nine coins and melted them down.

Somebody owes the Mint $200.

 

[CDNBear]

Not in quebec,here the original owners can't take his stuff back unless he pay the crooks owning the pawn shops.
i saw a few years ago a story about stolen stuff found in pawn shop,and one of them was a guitar belonging to a store that rented musical instruments,and the name of the store was stamped on the guitar,but apparently the store owner was told that if he wanted it back he had to pay for it "by the cops"

Bullsh!t.

Somebody owes the Mint $200.

And that has what to do with the fact that the verdict follows conventional logic, and is not a scam?

 

[MapleDog]

Bullsh!t.

And that has what to do with the fact that the verdict follows conventional logic, and is not a scam?

I'm not bullsh*tting it was on J.E. a program like 20/20 or Dateline on TVA network.

 

[CDNBear]

I'm not bullsh*tting it was on J.E. a program like 20/20 or Dateline on TVA network.

That's awesome.

I once saw that aliens helped build the pyramids on the history channel.

If you've filed a police report, and the property in question can be identified, the police can and will seize the property, fill out a receipt for the person/s they seized the property from, and either return the property immediately to the rightful owner, or hold it as evidence for the duration of the case.

If you doubt that in any way, call your local police detachment and ask.

 

[SLM]

That's awesome.

I once saw that aliens helped build the pyramids on the history channel.

They do have a lot of nerve calling themselves The History Channel don't they?

 

[CDNBear]

They do have a lot of nerve calling themselves The History Channel don't they?

"nerve" is putting it mildly.

 

[TenPenny]

How did the cashier end up with them in the first place? That sounds a little fishy to me, he was supposed to be taking them in as part of his job and he/she managed to 'obtain' some. Assuming he paid out of his own pocket for them, he was still in the wrong.

 

[CDNBear]

How did the cashier end up with them in the first place? That sounds a little fishy to me, he was supposed to be taking them in as part of his job and he/she managed to 'obtain' some.

The 1933 Double Eagle, was never released into circulation.

Assuming he paid out of his own pocket for them, he was still in the wrong.

George McCann was convicted of steal coins, in 1941.

 

[MapleDog]

That's awesome.

I once saw that aliens helped build the pyramids on the history channel.

If you've filed a police report, and the property in question can be identified, the police can and will seize the property, fill out a receipt for the person/s they seized the property from, and either return the property immediately to the rightful owner, or hold it as evidence for the duration of the case.

If you doubt that in any way, call your local police detachment and ask.

Its not like this in the great socialist province of quebec,any stolen items found in pawn shops,are not returned to the original owners,i do not know how it is for the other provinces,but quebec is not like the rest of Canada.

 

[CDNBear]

Its not like this in the great socialist province of quebec,any stolen items found in pawn shops,are not returned to the original owners,i do not know how it is for the other provinces,but quebec is not like the rest of Canada.

Bullsh!t.

 

[MapleDog]

Bullsh!t.

Think what you want,but it is how it is in quebec.

 

[CDNBear]

Think what you want,but it is how it is in quebec.

No it isn't, and I don't think that, I know it.

 

[EagleSmack]

Funny,if your stuff is stolen and you find it in a pawn shop,the items won't be returned to you,they belong to the pawn shop,if you want them back you have to pay for it

Incorrect.