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Judge: Family’s $80 Million Gold Coin Collection Belongs to Uncle Sam

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’s 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 “one of the most sought-after
rarities in history,” according to Courthouse News. Originally valued at
$20 each, one owned by King Farouk of Egypt reportedly sold for as
much

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Added: Sep-8-2012 Occurred On: Sep-8-2012
By: dfaugust2k
In:
Politics
Tags: obama, democRATs, federal government, redistribution
Location: United States (load item map)
Views: 4327 | Comments: 97 | Votes: 4 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 2
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