US government is still confiscating private gold - page 2.

myrkul

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FIAT LIBERTAS RVAT CAELVM

Quote from: Severian on September 08, 2012, 02:14:20 AM

Quote from: myrkul on September 08, 2012, 02:10:20 AM

It's not confiscation if you're reclaiming stolen property.

Not saying they wouldn't do it, just that this is not one of those instances.

The larger point is that the claim for either side wasn't proven clearly, yet the government seized it anyway.

Well, someone says you stole something, you probably should be able to prove you didn't.

Severian

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Quote from: myrkul on September 08, 2012, 02:10:20 AM

It's not confiscation if you're reclaiming stolen property.

Not saying they wouldn't do it, just that this is not one of those instances.

The larger point is that the claim for either side wasn't proven clearly, yet the government seized it anyway.

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

Quote from: Severian on September 08, 2012, 02:04:16 AM

Quote

PHILADELPHIA—A federal judge ruled that the U.S. Mint may keep 10 rare gold coins seized from the heirs of a Philadelphia coin dealer who obtained them decades ago under uncertain circumstances.

U.S. District Judge Legrome D. Davis said in an Aug. 29 opinion that the 1933 "Double Eagle" coins—which have a face value of $20 apiece but are now worth millions of dollars—"remain the property of the United States" and "were not lawfully removed" from the U.S. Mint in Philadelphia...

online.wsj.com/article/SB10000872396390443589304577633552754096444.html

It's not confiscation if you're reclaiming stolen property.

Not saying they wouldn't do it, just that this is not one of those instances.

Severian

sr. member

Activity: 476

Merit: 250

Quote

PHILADELPHIA—A federal judge ruled that the U.S. Mint may keep 10 rare gold coins seized from the heirs of a Philadelphia coin dealer who obtained them decades ago under uncertain circumstances.

U.S. District Judge Legrome D. Davis said in an Aug. 29 opinion that the 1933 "Double Eagle" coins—which have a face value of $20 apiece but are now worth millions of dollars—"remain the property of the United States" and "were not lawfully removed" from the U.S. Mint in Philadelphia...

online.wsj.com/article/SB10000872396390443589304577633552754096444.html

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