"If you are not satisfied with your payment for any reason, simply notify us, then return your check within 14 days of the date printed on the check and your items will be returned to you free of charge."
-Norman Schneider, CEO
Please Join Us in the Fight Against Breast Cancer. For Every Goldpak We Receive We Donate $1 to the NBCF
"3X MORE CASH THAN THE COMPETITION."
-Fox News
Follow us on Twitter @CashForGoldUSA
Government Seizure of Gold Coins is Under Dispute
When it comes to cases of the government vs. private citizens, it is easy to assume that the government Goliath will win against a private citizen's David. However, you never know--victory is not assured in any case.
When it comes to getting cash for gold, everyone become very interested when it seems that there is a large amount of money at stake. The government seized ten very rare and very valuable double eagle gold coins from family members of a deceased jeweler, alleging that the gold coins had once been stolen. The family contested this seizure, saying that it was not legal and that the gold coins were not obtained illegally. There is some speculation that these gold coins could possibly be worth at least $80 million. The family has already asked that the double eagle gold coins be returned to them or that they be given a settlement that could possibly equal about half of the gold coins' estimated value.
How did the government come to seize the coins? Well, after the family of the deceased jeweler found them years after his death, they brought the gold coins to the U.S. Mint for authentication. The family had heard that the mint had agreed to split the value of a single double eagle gold coin in one case.
It will be up to the government to prove that it was illegal for the jeweler and his family to have the gold coins. When President Roosevelt got rid of the gold standard in 1933, many of the double eagle gold coins that had been minted were melted down. So the government maintains that the gold coins in dispute were obtained from the U.S. Mint by some illegal means.
For their part, the family has argued that at this time there was a gold exchange program and that a jeweler would have been able to get some of those very double eagle gold coins from the U.S. Mint, even though many were slated to be destroyed. It is known that all of the gold coins were not melted, although we cannot be sure just how many of the double eagle gold coins were allowed to remain intact. In this instance, the jeweler may have acted as a gold buyer and not simply as someone who would sell gold.
