$80 Million Group of 1933 Double Eagles Lawsuit goes against the Government
In round one of the David vs. Goliath litigation classic, Langbord family vs. Uncle Sam, over the rights associated with 10 1933 double eagles found in what the court termed a "family" safe deposit box, the United States of America came up the decided loser in the results of cross-motions for summary judgment decided July 28 by U.S. District Court Judge Legrome D. Davis.
The U.S. government improperly seized the double eagles and must win a forfeiture case to keep them, Davis ruled.
The collection could be worth $80 million or more. The family had previously asked for the coins' return or a settlement of up to $40 million.
Joan Langbord, the daughter of . . .
Full story at: Numismaster.com
The U.S. government improperly seized the double eagles and must win a forfeiture case to keep them, Davis ruled.
The collection could be worth $80 million or more. The family had previously asked for the coins' return or a settlement of up to $40 million.
Joan Langbord, the daughter of . . .
Full story at: Numismaster.com
Labels: coin collecting, double eagles, gold, israel switt, Joan Switt Langbord, rare coin
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