Posted on 08/30/2011 12:33:14 PM PDT by CincyRichieRich
How did a Philadelphia family get hold of $40 million in gold coins, and why has the Secret Service been chasing them for 70 years?
U.S. Mint/AP Photo This coin is worth $7.6 million
The most valuable coin in the world sits in the lobby of the Federal Reserve Bank of New York in lower Manhattan. It's Exhibit 18E, secured in a bulletproof glass case with an alarm system and an armed guard nearby. The 1933 Double Eagle, considered one of the rarest and most beautiful coins in America, has a face value of $20—and a market value of $7.6 million. It was among the last batch of gold coins ever minted by the U.S. government. The coins were never issued; most of the nearly 500,000 cast were melted down to bullion in 1937.
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Most, but not all. Some of the coins slipped out of the Philadelphia Mint before then. No one knows for sure exactly how they got out or even how many got out. The U.S. Secret Service, responsible for protecting the nation's currency, has been pursuing them for nearly 70 years, through 13 Administrations and 12 different directors. The investigation has spanned three continents and involved some of the most famous coin collectors in the world, a confidential informant, a playboy king, and a sting operation at the Waldorf Astoria in Manhattan. It has inspired two novels, two nonfiction books, and a television documentary. And much of it has centered around a coin dealer, dead since 1990, whose shop is still open in South Philadelphia, run by his 82-year-old daughter.
(Excerpt) Read more at finance.yahoo.com ...
These coins were never monitized therefore they are not legal tender, they are still the property of the US Treasury/US Mint. The same could be said about the 1913 V Nickel, but those were an illegal strike not authorized by the mint.
If you own any of the “Liberty Dollars” the silver pieces that were minted by the NORFED mint they are going to take them too.
The fed hates competition.
http://en.wikipedia.org/wiki/Liberty_Dollar
they can get mine, only by following a wild goose chase treasure map I’ve put together!
Gold, Silver, FOOD, ammo, guns...
there’s no reason they wouldn’t try to take all of these, unless they foresee a SERIOUS backlash.
can the AMERICAN CITIZEN REVOLT?...YOU BET
Should have melted them down.
What Gold?!? All my gold fell off the boat into the river in the same boating accident where I lost all my guns. Yep, that’s my story and I’m sticking to it.
ping
These coins were never monitized therefore they are not legal tender, they are still the property of the US Treasury/US Mint. The same could be said about the 1913 V Nickel, but those were an illegal strike not authorized by the mint.
Not if they can’t find it.
Molon Labe!
They were stolen. They are the US government's property...
http://en.wikipedia.org/wiki/Executive_Order_6102
Executive Order 6102
I pity the fool who comes after my gold.
There’s pretty much a consensus that those coins were illegally removed from the US Mint though. So they are technically stolen property. So I would not lump this case in with other government seizures. These coins never did belong to the people who were in possession of them, imo. They remained the property of the US Mint.
[can the AMERICAN CITIZEN REVOLT?...YOU BET]
http://www.youtube.com/user/GEICO#p/c/139A69A037F3A12D/9/DjGwusHrOtk
Do Woodchucks Chuck Wood?
LLS
bump
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