Ueber Gold Coin

“WORLD CLASS ASSETS – WORLD CLASS SOLUTIONS”

 

Ueber St. Gaudens Standing Liberty Eagle Gold USA Coin

Agustus St. Gaudens Double Eagle $20 Gold Coin – World Record Holder for a single coin set @ $7.59 million dollars @ auction in 2002. (St. Gaudens was the sculpture and designer of “The Colonel Robert Gould Shaw Memorial @ The Boston Common – below)

 

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Judge Says 10 Rare Gold Coins Worth $80 Million Belong to Uncle Sam
By SUSANNA KIM
September 5, 2012 11:27 AM
Good Morning America
A judge ruled that 10 rare gold coins worth $80 million belonged to the U.S. government, not a family that had sued the U.S. Treasury, saying it had illegally seized them.

The 1933 Saint-Gaudens double eagle coin was originally valued at $20, but sold for as much as $7.5 million at a Sotheby’s auction in 2002, according to Courthouse News.

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.

In 2003, Switt’s family, Joan Langbord, and her two grandsons, drilled opened a safety deposit box that had belonged to him and found the 10 coins.

When the Langbords gave the coins to the Philadelphia Mint for authentification, the government seized them without compensating the family.

The Langbords sued, saying the coins belonged to them.

In 2011, a jury decided that the coins belonged to the government, but the family appealed.

Last week, Judge Legrome Davis of the Eastern District Court of Pennsylvania, affirmed that decision, saying “the coins in question were not lawfully removed from the United States Mint.”

Barry Berke, an attorney for the Langbords, told ABCNews.com, “This is a case that raises many novel legal questions, including the limits on the government’s power to confiscate property. The Langbord family will be filing an appeal and looks forward to addressing these important issues before the 3rd Circuit.”

The family said in its suit that in another seizure of the 1933 double eagle, the government split the proceeds with the owner after the coin sold for $7.59 million in 2002, according to Coinbooks.org.

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http://en.wikipedia.org/wiki/Double_eagle/a>

http://en.wikipedia.org/wiki/Augustus_Saint-Gaudens

http://en.wikipedia.org/wiki/Robert_Gould_Shaw#Memorials

http://en.wikipedia.org/wiki/George_Parkman

Colonel Robert Gould Shaw

Colonel Robert Gould Shaw from the movie “Glory”

Colonel Robert Gould Shaw Storming Fort Wagner, SC
Colonel Robert Gould Shaw died during the Civil War. He was the first American to serve as Colonel of a regiment of 1,000 black soldiers during the Civil War. The penalty was death if caught by the Confederate Soldiers. Shaw’s story was made into a movie called “Glory” staring Denzel Washington, Morgan Freeman and Matthew Broderick. Colonel Robert Gould Shaw’s Grandmother was a Parkman, Elizabeth Willard Parkman. Monument designed by Augustus St. Gaudens who designed USA Double Eagle $20 gold coin (see below) – see movie “Glory” (above). This monument is located directly across the street from the gold domed Boston Capital Building.

The second photo is @ the Biltmore, Asheville, NC that was owned by the Vanderbilt’s who were associates of JP Morgan, Carnegie & the Peabody families. Governor Chub Peabody was Gov of Mass in 1962. Chub’s Mother was Mary Parkman Peabody who was jailed during a sit-in @ a racially segregated restaurant in St. Augustine, FL. Later Martin Luther, King, Jr. recognized her efforts.