Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: shove_it
After President Theodore Roosevelt had the U.S. abandon 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.

The article does not state whether the mint was selling some of the gold coins to dealers at this time or not.

If they were all supposed to have been turned in, then the cashier basically stole the coins, no matter whether he sold them or gave them away. One cannot legally give or sell stolen property, even if the person receiving it did so in good faith.

However, if the government was allowing some of these coins to be sold to collectors at that time, then the government needs to return them to the family.

22 posted on 09/07/2012 6:11:01 AM PDT by MEGoody (You shall know the truth, and the truth shall make you free.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: MEGoody
The article does not state whether the mint was selling some of the gold coins to dealers at this time or not.

The article - which is quite sloppily written - does not state this.

But the historical fact is that these coins were never circulated, the coins in question were stolen by a mint employee, and were sold illegally.

26 posted on 09/07/2012 6:19:37 AM PDT by wideawake
[ Post Reply | Private Reply | To 22 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson