{"id":871,"date":"2012-09-10T17:49:57","date_gmt":"2012-09-10T17:49:57","guid":{"rendered":"http:\/\/megalextoria.wordpress.com\/?p=871"},"modified":"2012-09-10T17:49:57","modified_gmt":"2012-09-10T17:49:57","slug":"judge-familys-80-million-gold-coin-collection-belongs-to-uncle-sam","status":"publish","type":"post","link":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/2012\/09\/10\/judge-familys-80-million-gold-coin-collection-belongs-to-uncle-sam\/","title":{"rendered":"JUDGE: FAMILY\u2019S $80 MILLION GOLD COIN COLLECTION BELONGS TO UNCLE SAM"},"content":{"rendered":"<div class=\"posterous_autopost\">\n<div class=\"posterous_bookmarklet_entry\">\n<p>A judge has ruled that ten rare gold coins worth roughly $80 million belong to the U.S. government, not the family that possessed them, according to ABC News.<\/p>\n<p>In 2003 Joan Langbord and two other family members opened a safety deposit box that belonged to Langbord\u2019s father, Philadelphia coin dealer Israel Switt, and found the valuable collection. When they asked the Philadelphia Mint to authenticate the find, the coins were apparently seized without compensation and taken to Fort Knox.<\/p>\n<p>The 1933 Saint-Gaudens double eagle is \u201cone of the most sought-after rarities in history,\u201d according to Courthouse News. Originally valued at $20 each, one owned by King Farouk of Egypt reportedly sold for as much as $7.5 million at a Sotheby\u2019s auction in 2002.<\/p>\n<p>The Langbords unsuccessfully sued the government in 2011, alleging that the coins are rightfully theirs, and now they have lost the appeal.<\/p>\n<p>Jacqueline Romero, assistant U.S. attorney in Philadelphia, explained that the coins legally belonged to the government after Franklin Delano Roosevelt ordered citizens to exchange their gold for cash in an effort to keep the banks afloat during the Great Depression.<\/p>\n<p>\u201cThose coins were all in a vault and were supposed to be melted,\u201d she asserted.<\/p>\n<p>Full article: <a class=\"externlink\" title=\"Go to http:\/\/www.theblaze.com\/stories\/judge-familys-80-million-gold-coin-collection-belongs-to-uncle-sam\/\" href=\"http:\/\/www.theblaze.com\/stories\/judge-familys-80-million-gold-coin-collection-belongs-to-uncle-sam\/\">http:\/\/www.theblaze. \u2026 elongs-to-uncle-sam\/<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A judge has ruled that ten rare gold coins worth roughly $80 million belong to the U.S. government, not the family that possessed them, according to ABC News. In 2003 Joan Langbord and two other family members opened a safety deposit box that belonged to Langbord\u2019s father, Philadelphia coin dealer Israel Switt, and found the valuable collection. When they asked the Philadelphia Mint to authenticate the find, the coins were apparently seized without compensation and taken to Fort Knox. The 1933 Saint-Gaudens double eagle is \u201cone of the most sought-after rarities in history,\u201d according to Courthouse News. Originally valued at $20 each, one owned by King Farouk of Egypt reportedly sold for as much as $7.5 million at a Sotheby\u2019s auction in 2002. The Langbords unsuccessfully sued the government in 2011, alleging that the coins are rightfully theirs, and now they have lost the appeal. Jacqueline Romero, assistant U.S. attorney in Philadelphia, explained that the coins legally belonged to the government after Franklin Delano Roosevelt ordered citizens to exchange their gold for cash in an effort to keep the banks afloat during the Great Depression. \u201cThose coins were all in a vault and were supposed to be melted,\u201d she asserted. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[797],"class_list":["post-871","post","type-post","status-publish","format-standard","hentry","category-news-and-politics","tag-gold"],"_links":{"self":[{"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=871"}],"version-history":[{"count":0,"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/871\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=871"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}