If the coin is already worth $20 you shouldn't be giving it away.
The 1933 Saint-Gaudens double eagle coin used to be in circulation in the U.S., that is until President Theodore Roosevelt had them taken and melted into gold bars. Not all of the coins made it back to the mint to be turned into gold bars though, some landed in the hands of local dealers.
Joan Langbord opened a safety deposit box belonging to her father and found 10 of the gold coins. She then sent them to the Philadelphia Mint for authentication, which the government seized without compensating the family. That's 10 gold coins worth $80 million because the government said they weren't obtained legally. Langbord has tried appealing the decision but her appeal has been denied.
This is a classic case of why you should never trust the government for anything. Instead of sending off 10 gold coins worth $80 million you send off one, that way when they take it from you and claim it's theirs it stings a lot less. I know what you're thinking, what exactly can the government take and claim was theirs in the first place? Are they going to wander around taking girls' virginities, claiming it was always their property to begin with? Only time will tell.
TL;DR A family who finds $80 million in gold coins has them confiscated by the government without any compensation.
Judge Says 10 Rare Gold Coins Worth $80 Million Belong to Uncle Sam [ABC]
Posted by Atkins under News
Joan Langbord opened a safety deposit box belonging to her father and found 10 of the gold coins. She then sent them to the Philadelphia Mint for authentication, which the government seized without compensating the family. That's 10 gold coins worth $80 million because the government said they weren't obtained legally. Langbord has tried appealing the decision but her appeal has been denied.
This is a classic case of why you should never trust the government for anything. Instead of sending off 10 gold coins worth $80 million you send off one, that way when they take it from you and claim it's theirs it stings a lot less. I know what you're thinking, what exactly can the government take and claim was theirs in the first place? Are they going to wander around taking girls' virginities, claiming it was always their property to begin with? Only time will tell.
TL;DR A family who finds $80 million in gold coins has them confiscated by the government without any compensation.
Judge Says 10 Rare Gold Coins Worth $80 Million Belong to Uncle Sam [ABC]
Posted by Atkins under News
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