September 20, 2012 – A federal judge confirmed a 2011 verdict regarding ten 1933 Double Eagle gold coins. These coins had been illegally taken by a Philadelphia mint cashier who sold them to a local coin dealer. In 2003 the dealer’s family found ten of these coins – worth nowadays a fortune since one single coin of that last United States gold issue was sold for over $7.4m – and handed them over to the mint for authentication. However, the United States claimed rights over the coins since they were once unlawfully sold. In 2011 a federal jury decided against the family. Now a federal judge has upheld that verdict. Though, the family intends to appeal the judgment. This judgment raises many questions, anyway, regarding the government’s power to confiscate private property. In a similar case the government had shared equally the sum yielded by auction with the private proprietor.
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