U.S. Treasury Sieze Family's Rare Gold Double Eagles
- Thread starter SamFisher
- Start date
Rudy
Admin
I believe there is only one authorized double eagle of its kind. It was originally presented to King Farouk of Egypt. All other double eagles of that mintage were supposed to have been melted down and were never monetized by the mint.
Burbank Bob
Forum Supporter
Certainly a reminder to keep your mouth shut about some things.
scoundrel
six feet under(water)
They don't know that the coins were stolen. The guy was a licensed dealer, and at the time, he was permitted to trade bullion for coins from the treasury.
randwool
Forum Supporter
There's a lot more to this than a newspaper story. I see a History Channel show coming up...if there hasn't already been one.
Rudy
Admin
Makes no difference. The coins were never monetized when the order to melt them was issued. As a result all double eagles of that mint year (except one) were destroyed.
Or looked at another way, it is the mint's gold as the coins were never issued as money. Therefore they are stolen government property. Wether the family knows it or not, stolen property, when found, is always returned to the legal owner.
roycewillard
Forum Supporter
thats what i was thinking
Exactly. Same as if a thief stole your HD TV, and sold it to someone else. The unsuspecting victim would still have to return it whether they knew about the theft or not.
