Feds seize $10M in coins, owner to sue

CNN Money ^ | Aug. 27, 2005 | Reuters

[Just Lori]

Hey Cougar, I ordered one! I have a soft spot in my heart for the Marines. Those boys look damn sharp in dress uniforms! =)

[Tax Government]

Confiscations of this kind should occur only by court order.

[Milton Friedman]

Would opinions change if they were your grandfather's coins of a private mint, never released, stolen decades ago and now somebody wanted you to verify that your grandfather minted them?

I need to work on my sentence structure among other things. I can see the government's case if they know that they were stolen.

[agitator]

When it comes to the parasites in govt, possession is the law.

[Cougar66]

You will love the coin I am sure

[krb]

Hmmm...they should have given the gov't only 1 of the coins to evaluate...

[Lester Moore]

And the law must be obeyed even if it is unconstitutional.Think about the capitol punishment of Shadrack, Meshack & Abedigo, the treasonous Rahab, David on the run from his government, Moses & the Israelites against "I said come back here, NOW!" Pharoah, Paul in prison for violations of law etc..

Isn't God Almighty that tells me I've got to obey bad law.

[robertpaulsen]

"After a family asks U.S. Mint to authenticate 10 old coins ..."

Well, that answers the question -- yes, they were authentic.

[henderson field]

Well that's just one plank in the Communist platform: private ownership is outlawed...
actually two...
and laws change according to the wishes of the bureaucrats.

[DB]

Well this is more complicated...

These coins were never in circulation. They were stolen from the government Mint. It is stolen property.

What if this was your very valuable property that was stolen 80 years ago.

If your property was found, wouldn't you want it back? And if so, does it really matter who had them prior? It is your property.

[DB]

These coins were never in circulation. They were stolen directly from the government Mint. They are stolen property. Hardly a "private ownership" issue.

[DB]

These coins were never in circulation. They were stolen directly from the government Mint. They are stolen property. Hardly a "private ownership" issue.

[DB]

Sorry for the double post... Computer browser cache glitch...

[SkyPilot]

"Seize that antique dealer's store and build a hotel on it! You'll get more taxes."

[redgolum]

Technically, the mint doesn't have to give them a dime. Which is sad.

[jim_trent]

> But the government admits that "some" coins were, in fact, issued.. and "reclaimed"..

According to what I have read in the coin collectors newspapers, the coins were sent to some regional banks, but were never issued to the public. They were reclaimed from the regional banks.

From what I have read, there was no way for the coins to legally enter circulation. The fact that they exist indicates something illegal happened. We will never know what exactly happened, but someone originally stole them.

The person should hang their defense on the fact that the Feds allowed a previous sale -- as long as they kept half. That sets a precedent. Half of something is better than all of nothing.

[Tax Government]

There is a lesson in what happened...don't trust government...And carry a big lawyer.

[softengine]

Of course if you believe that the above statement is wrong then the only recourse is resistance.

See tagline.

[innocent-one]

To all you scholarly people that belive the coins are the ownership of the govt. I seem to remember that if a crime was commited you are entitled to due process and innocent until proven guilty.

It's seem the govt. likes to twist and bend the laws to their liking. Was there a crime as the US Mint says. Well let them prove it.