22-07-2011, 11:02 PM
While Asia is stockpiling gold coins, the U.S. government is doing its best to steal them from its citizens… A jury ruled yesterday that the U.S. Mint could keep 10 rare gold coins it confiscated from the heirs of a Depression-era coin dealer, Israel Switt.
The government alleges Switt obtained the coins in question, 1933 Double Eagles (which are worth millions of dollars), illegally more than 70 years ago.
When the coins were minted in 1933, President Franklin D. Roosevelt ordered the Mint to stop releasing gold to combat the Great Depression. But some slipped through (one sold at a 2002 Sotheby's auction for $7.6 million). Switt's daughter found the 10 gold coins in a safety deposit box in 2003, then sent them to the Mint to be authenticated. The Mint seized the coins, saying they were "U.S. property." There's of course no evidence Switt obtained the coins illegally. But our government is stealing them anyway.
http://online.wsj.com/article/SB10001424...76274.html
http://www.americanfederal.com/2010/09/n...lling-you/
The government alleges Switt obtained the coins in question, 1933 Double Eagles (which are worth millions of dollars), illegally more than 70 years ago.
When the coins were minted in 1933, President Franklin D. Roosevelt ordered the Mint to stop releasing gold to combat the Great Depression. But some slipped through (one sold at a 2002 Sotheby's auction for $7.6 million). Switt's daughter found the 10 gold coins in a safety deposit box in 2003, then sent them to the Mint to be authenticated. The Mint seized the coins, saying they were "U.S. property." There's of course no evidence Switt obtained the coins illegally. But our government is stealing them anyway.
http://online.wsj.com/article/SB10001424...76274.html
http://www.americanfederal.com/2010/09/n...lling-you/