Tuesday, April 21, 2015

US Government Loses Gold Coin Forfeiture Case

A panel of the US Court of Appeals for the Third Circuit has ordered the the federal government to return valuable 1933 $20 gold coins to their owners, the family of a Philadelphia jeweler who held the coins.

The Government convinced a jury that the Mint never realeased the coins into circulation so they must have been goverment property.

The successful appeal turned on the government's seizure of the coins in question without promptly giving the claimants an opportunity to contest the seizure in court.

Sound familar?

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