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Judge: Family’s $80 Million Gold Coin Collection Belongs to Uncle Sam
theblaze.com ^ | September 8, 2012 | Erica Ritz

Posted on 09/08/2012 11:35:22 PM PDT by grundle

click here to read article


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To: ScottinVA

That’s not quite the full story.

Cermak, known by the sobriquet “Ten-Percent Tony” was putting the squeeze on the Chicago mob. The mob’s then-leader Frank Nitti decided it was time for the greedy Cermak to go.

Funny thing about Zangara....he had plenty of mob contacts and friends both in the US and the old country. Its come out that Zangara actually may have worked for Albert Anastasia’s and Lepke Buchalter’s “Murder Inc.”, an arm of the national syndicate someone like Nitti might turn to instead of using his own people.

The whole crazy act, (long questioned by psychiatrists), and the tinfoil-hat story about wanting to kill Roosevelt was an act. He went to the chair like many of the Murder, Inc. gunmen did....silently. In those days Omerta meant something, I guess.

Oh, and Zangara’s family never wanted for anything for the rest of their lives, either.....if you know what I mean.


81 posted on 09/09/2012 4:28:27 PM PDT by Emperor Palpatine (I need a good stiff drink. How 'bout you?)
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To: Emperor Palpatine

agree 110%!


82 posted on 09/09/2012 4:28:46 PM PDT by BrianE ("Dead at 25 buried at 65 the average American" - Benjamin Franklin 1776)
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To: ScottinVA

PS, If I’m not mistaken, the shooting occurred in Florida, not Chicago.


83 posted on 09/09/2012 4:30:23 PM PDT by Emperor Palpatine (I need a good stiff drink. How 'bout you?)
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To: Axenolith

The thief worked for the mint...


84 posted on 09/09/2012 5:53:18 PM PDT by ltc8k6
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To: grundle; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...

Goldbug ping.


85 posted on 09/09/2012 5:56:43 PM PDT by Jet Jaguar
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To: grundle

Some lessons can be learned here. Very rare and unique items will always raise red flags with IRS, because their origin can be determined. It is better to purchase expensive but more common stores of value, ie common gold coins, expensive but not one of a kind stamps,paintings, antiques etc. That way, when passing them on to your inheritors, they are easier to sell without arousing attention. Use cash, in person, when buying these items so as to avoid a paper trail. You can get a safe or use a non-bank safe deposit box. Of course, you can’t insure these items because that would leave a paper trail.
Not having insurance, no will, and not putting these items in a safe deposit box does have its downsides. But you have to ask yourself are you and your inheritors more likely to be ripped off by a common criminal or by the government criminals?


86 posted on 09/09/2012 6:11:49 PM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot)
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To: Iron Munro

The TSA has been hassling folks travelling with coins from time to time. I remember seeing some Alex Jones video of a guy hassled in Las Vegas for having some silver dollars that he was going to cash in. In this case, if a TSA dude did detain ths guy, and found out the high value, the coin would be confiscated by customs.


87 posted on 09/09/2012 6:23:15 PM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot)
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To: ltc8k6; LukeL

Government steals the entire constitutional money system, it’s OK. People come into 10 “unmonetized” gold coins questionably, not OK.

Got it...


88 posted on 09/09/2012 11:14:13 PM PDT by Axenolith (Government blows, and that which governs least, blows least...)
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To: Axenolith

two wrongs don’t make a right, neither does it matter that the amount stollen is trivial (even by 1933 standards) A Wal-Mart employee taking a $0.25 pack of gum off the rack is just as much a theif as the employee taking a 60 inch LCD TV off the loading dock.


89 posted on 09/10/2012 1:01:21 AM PDT by LukeL (Barack Obama: Jimmy Carter 2 Electric Boogaloo)
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To: Emperor Palpatine

Thanks..

I wasn`t holding Zangara up with any sense of idealism.. just a matter of the different turn this country would`ve made had his aim been true.


90 posted on 09/10/2012 2:25:31 AM PDT by ScottinVA (If Obama is reelected, America will deserve every mockery that follows.)
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To: Axenolith

I didn’t say anything about the first part.

Whoever you want to say the coins belong to, one thing is certain for me, they do not belong to the people who “found” them.

If you want to say they belong to the original people they were taken from, okay by me. If they can be found, give the coins to that family.


91 posted on 09/10/2012 3:53:34 AM PDT by ltc8k6
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To: ltc8k6

The people that sent them in were the heirs to the man that obtained them from the mint, most likely in a pre-release exchange which the mints did all the time for employees and friends of same. That the coins weren’t subsequently “monetized” (for whatever that term is worth amist the construct of the illegal destruction of the currency system at the time) is merely a fluke of history.

What is going to happen now is that they will either A) be used as a fantasy value backing for the emission of something on the line of 7 or so billion dollars of fiat currency, or B) end up in the hands of special crony collectors within the Federal Reserve, or Government...


92 posted on 09/10/2012 8:23:44 AM PDT by Axenolith (Government blows, and that which governs least, blows least...)
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To: LukeL
I'm still not buying that there was a "wrong" in the aquisition of the coins. The Mints previously, (and subsequently) often allowed pre release sales or exchanges of new coins to employees and friends/family of same. That it wasn't "Monetized" is a fallacious argument. By that logic, the 1894-S Barber dime was not an authorized issue and is subject to confiscation (director made 24 to give to Bankers visiting the SF mint and gave 3 to his kid). It isn't, and I think the probable resoning here is that the government doesn't want to set the precedent that the gold confiscation is subject to question. The coins definitely weren't stolen, or it would have shown up as a loss somewhere. It didn't. Merely because the mint wasn't on top of recalling any exchanged out after the illegal confiscation doesn't subject the decendants to their theft 70 some odd years later. Allegedly, there were 1964 Peace dollars that weren't returned for remelting after their distribution to some employees at their minting. Hopefully, the possessors of those won't be as stupid as these folks were...
93 posted on 09/10/2012 8:37:18 AM PDT by Axenolith (Government blows, and that which governs least, blows least...)
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To: SES1066

Fascinating history! How did Farouk acquire his specimen?


94 posted on 09/10/2012 9:24:06 AM PDT by lonevoice (Today I broke my personal record for most consecutive days lived)
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To: Axenolith

Well, I don’t know where we go from here. Perhaps new information will come out that will tell us the truth about how the coins were obtained by Switt?

I think a display in the Smithsonian would be good. They are great examples of the old coinmaking art.


95 posted on 09/10/2012 11:07:06 AM PDT by ltc8k6
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To: lonevoice

Export licensed gift from our government.


96 posted on 09/10/2012 4:42:21 PM PDT by Axenolith (Government blows, and that which governs least, blows least...)
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To: Jet Jaguar

bookmark


97 posted on 09/11/2012 10:00:18 PM PDT by RebelTex
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