Gov't Wins Court Battle over FDR-Era Coins
Source: Reuters, Dave Warner (7/21/11)
"Ten prized gold coins from the Franklin Roosevelt Administration in the 1930s are now worth an estimated $75M."
The government on Wednesday won the first round of a battle over the ownership of 10 prized gold coins from the Franklin Roosevelt Administration in the 1930s, now worth an estimated $75 million.
A U.S. District Court jury decided, after five hours of deliberation, that the U.S. Treasury had properly taken possession of the double eagle coins, which a Philadelphia family forfeited after discovering them in the safe deposit box of a deceased family member.
The next step is for the judge who presided over the trial, Legrome Davis, to decide who actually owns them. . . View full article