The news you're not supposed to know...

An Introduction to Austrian Economics: Understand Economics, Understand Everything
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
Article posted Mar 15 2007, 12:40 AM Category: Tyranny/Police State Source: Associated Press Print

Feds say family has no rightful claim to 1933 'double eagle' coins

PHILADELPHIA -- A family that asked the U.S. Mint to authenticate 10 extremely rare coins cannot prove they were obtained legally and has no right to them, government lawyers argue in court papers.

The gold coins, 1933 "double eagles" that were never circulated, could be worth millions of dollars apiece. A comparable one sold for $7.59 million in 2002 -- the highest price ever paid for a coin.

Plaintiffs Joan S. Langbord and her two sons say they discovered the cache in 2003 in a safety deposit box belonging to her late father, Philadelphia jeweler Israel Switt.

They approached the Mint the next year and agreed to turn them over to be authenticated, the Langbords say. But the Mint -- after vouching for them -- refuses to return them on grounds they were stolen U.S. property.

"Plaintiffs fail ... to plead any fact to support their implication that Switt legally obtained the 1933 Double Eagles," Assistant U.S. Attorney Joel M. Sweet wrote in the brief filed Friday. "(That) supports a reasonable inference that Switt obtained the 1933 Double Eagles knowing that they were stolen property."

Langbord, 76, still works at her father's store on Jeweler's Row, a few blocks from the Mint. She was out of the country Tuesday and could not be reached for comment, a business partner said.

In her December 2006 suit, she and sons Roy Langbord of New York City and David Langbord of Virginia Beach, Va., ask for the return of the coins or a settlement of up to $40 million.

At a minimum, they say, they deserve a trial over the alleged seizure.

Prosecutors argue there was no forfeiture involved because the Langbords never had rightful ownership in the first place.

"A thief cannot convey good title to stolen property," Sweet wrote.

More than 445,000 of the gold double eagles were minted in 1933, but they were melted into gold bars after President Franklin D. Roosevelt took the country off the gold standard.

In 1944, the Secret Service traced 10 separate double eagle coins that had surfaced to Switt. He acknowledged selling nine of the coins but said he did not recall how he had gotten them.

"Every single one of the 1933 Double Eagles traced back to Israel Switt," prosecutors said.

Switt was not prosecuted because the statute of limitations had run out. However, he was convicted of violating the Gold Reserve Act of 1934 in a separate case, and had his license to deal scrap gold -- which involved him with the Mint on occasion -- revoked.

Prosecutors also argue in their brief that someone other than Switt stashed the coins in the bank deposit box. The Wachovia Bank box was rented in 1996, six years after Switt died, they said.

And the family did not list the coins or pay taxes on them when his will was executed, they said.

Roy Langbord, an entertainment lawyer in New York, referred questions to the family's lawyer. His brother did not immediately return messages.

"We strongly disagree with the government's positions, and we're looking forward to making our arguments to the court," said family lawyer Eric Tirschwell.

Double eagles, first struck in 1850, are so named because they had a face value of $20, twice the amount of gold coins known as eagles.

Two of the 1933 coins, which feature a flying eagle on one side and a figure representing liberty on the other, were permitted to be spared from the melting pot and are at the Smithsonian Institution, but a handful of others also mysteriously survived.

The coins at the center of the lawsuit were briefly displayed last year for an American Numismatic Association's convention in Denver. They have been secured at the U.S. Bullion Depository in Fort Knox, Ky.

Latest Tyranny/Police State
- Canadian PM Vows To Take Away Citizens' Rights In Response To Parliament Attacker
- NYPD Officer Mistakes Fellow Cop For Suspect, Kicks Him In The Head
- Why 'Good Cops' Stay Silent, Continued
- Protesters Who Planned To Smash 'Police Brutality' Pumpkins Arrested For Littering, Assault
- New Hampshire Supreme Court Takes Up Meter Feeding
- "No Refusal" Blood Draw Checkpoint Planned for Ohio
- NYPD Looking Into Arrest Of Subway Performer After Video Goes Viral; Arrest Voided
- Fla. Sheriff May Be Liable For His Deputy Arresting Man For Videotaping

No Comments Posted Add Comment

Add Comment


Verification *
Please Enter the Verification Code Seen Below

Please see our About Page, our Disclaimer, and our Comments Policy.

This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy

Advanced Search


Remember Me
Forgot Password?

Mission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement' - 10/23Canadian PM Vows To Take Away Citizens' Rights In Response To Parliament Attacker - 10/24Chicago Cop Who Assaulted 89-Yr-Old For Requesting He Stop Cursing Gets 3 Years - 10/23Protesters Who Planned To Smash 'Police Brutality' Pumpkins Arrested For Littering, Assault - 10/24NYPD Officer Mistakes Fellow Cop For Suspect, Kicks Him In The Head - 10/24NYPD Looking Into Arrest Of Subway Performer After Video Goes Viral; Arrest Voided - 10/24Fla. Sheriff May Be Liable For His Deputy Arresting Man For Videotaping - 10/24Why 'Good Cops' Stay Silent, Continued - 10/24

Rialto, CA Police Made to Wear Cameras, Use of Force Drops by Over Two-ThirdsCop Who Karate Chopped NY Judge In Throat Gets Off Scot-FreeFlorida Cop Smashes Compliant Woman's Face Into Car -- "Maybe Now You Can Understand Simple Instructions"VIDEO: Lapel Cam Reveals A Day In The Life Of A U.S. Police Officer (Tasing, Beating, Breaking & Entering, Stomping On Heads... and Laughing About It)Caught On Tape: Officer Sucker Punches Inmate In Face, Files Report Claiming 'Self Defense'Insult Person On Twitter, Go To JailSWAT Team Brings TV Crew To Film Raid Against Threatening Internet Critic -- Raids Innocent Grandma InsteadCop Karate Chops NY Judge In The Throat