A new found treasure in Philadelphia has stirred up questions on whether it was stolen many years ago or not.
A family from America discovered a treasure that had been lying around their house for years.
Their grandfather, a jewelry dealer managed to put aside 9 Double Eagle Coins in times when owning large amounts of gold was prohibited.
The Double Eagle Coins are so valuable because they were minted in 1933.
The coins from that year were never officially released by the government.
Only few of them managed to make their way out of the federal vaults.
There was only one coin like this sold for the price of 7.
6 million dollars.
The family took the coins to the United States Mint to be authenticated in 2004 but they had no idea what awaited them.
The Mint told them that the coins are genuine and then refused to give them back.
The reason they claimed was that they believed that the coins had been stolen in 1930s by the family's grandfather.
After hearing the unpleasant news the family decided to go to court and they have actually won an important ruling.
The judge ruled that they should be given back the coins or the Mint should prove that they were actually stolen.
In 1933 almost a half-million Double Eagles were minted before President Roosevelt decided to issue the executive order that band people from owning large amounts of gold bullion or gold coins.
Most of these coins were melted and only two of them ended-up in the Smithsonian Institution.
Apparently these were not the only ones that escaped the meltdown.
Now the police are trying to figure out whether the coins were indeed stolen or whether the old Philadelphia jeweler was their legal owner.
Investing in gold or purchasing gold coins is no longer an issue these days.
Economists advise us to diversify our portfolio and start investing in the precious metal.
A family from America discovered a treasure that had been lying around their house for years.
Their grandfather, a jewelry dealer managed to put aside 9 Double Eagle Coins in times when owning large amounts of gold was prohibited.
The Double Eagle Coins are so valuable because they were minted in 1933.
The coins from that year were never officially released by the government.
Only few of them managed to make their way out of the federal vaults.
There was only one coin like this sold for the price of 7.
6 million dollars.
The family took the coins to the United States Mint to be authenticated in 2004 but they had no idea what awaited them.
The Mint told them that the coins are genuine and then refused to give them back.
The reason they claimed was that they believed that the coins had been stolen in 1930s by the family's grandfather.
After hearing the unpleasant news the family decided to go to court and they have actually won an important ruling.
The judge ruled that they should be given back the coins or the Mint should prove that they were actually stolen.
In 1933 almost a half-million Double Eagles were minted before President Roosevelt decided to issue the executive order that band people from owning large amounts of gold bullion or gold coins.
Most of these coins were melted and only two of them ended-up in the Smithsonian Institution.
Apparently these were not the only ones that escaped the meltdown.
Now the police are trying to figure out whether the coins were indeed stolen or whether the old Philadelphia jeweler was their legal owner.
Investing in gold or purchasing gold coins is no longer an issue these days.
Economists advise us to diversify our portfolio and start investing in the precious metal.
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