Skip to comments.San Diego Man Sues U.S. Government Over a Penny
Posted on 04/09/2014 7:34:27 PM PDT by DogByte6REREdited on 04/09/2014 7:36:11 PM PDT by Admin Moderator. [history]
SAN DIEGO — A San Diego man and an antique shop owner in La Jolla have entered a legal battle with the U.S. government over a penny.
When Randy Lawrence brought his rare penny to the La Jolla Coin Shop he was pleasantly surprised. The coin is one of a kind; a Denver minted, aluminum penny, estimated to be worth about $250,000.
(Excerpt) Read more at fox5sandiego.com ...
In for a penny, in for a pound.
if it was never issued as legal tender than it does not have a one penny value.
if the feds then claim its a stolen item ...offer em a modern copper penny.
Feds claim it was never issued as legal tender and want it back.
$250,000 is worth a penny. Ka-ching!
Fantastic numismatic! I hope he wins.
But I'm sure he could make an intelligent guess as to how it ended up in his possession.
Unfortunately for Mr. Lawrence, the government is going to end up with the penny and Mr. Lawrence is going to end up penniless (so to speak)
Once again, an example of people not keeping their mouths shut. Unfortunately, I expect the government will prevail in this case.
Just watch this case; the U.S. Government will spend lots of taxpayer dollars to get back a single penny made out of aluminum. Our National Debt is over $17 Trillion ... and counting.
Say, what is happening with those cans of Gold Coins that somebody found buried in California?
Folks dumb enough to reveal the entire find at one time, thereby hinting the coins were stolen from the mint in the early 1900’s......
I’d lose the penny.
Ooops....had it in my pocket and....shucks...not there.
Folks dumb enough to reveal the entire find at one time, thereby hinting the coins were stolen from the mint in the early 1900s......
They seemed to have downsized their profile to a significant degree.
Yeah, I would just claim that I lost it. Then what would they do?
Given the publicity this case has gotten, the value of these Pennies and similar coins will likely be next to $0 for a collector, because they’ll be afraid to pay much, fearing they could be confiscated.
Looks like the Cali Gold Coin couple have a great case for keeping them!
Dates too early to be from the mint heist.
Now they just have to fight with the IRS and Guv Brown to see if they can keep more than half the sale price.
What he should have done was to take it to another country and quietly sell it there. I think when he found out it might be worth $250,000 he lost his mind.
He knows his father pilfered the coin. It is stolen property and as such as soon as it is discovered the title reverts back to the original owner.
The coin dealer better be glad he didn’t buy it for $250,000. If the government found out after the transfer, the coin dealer would have been out the $250,000 and the penny.
See Post #13
Five years for lying to the FBI.
Does anyone think the feral gubmint is above “seizing” this coin, then turning around and auctioning it themselves?
“Id lose the penny.
Ooops....had it in my pocket and....shucks...not there.”
Or maybe got stuck to one of the guns you’ve lost?
Proving a negative is a pretty high bar in a court of law. I understand the IRS has done it with great success though.
“Honest, occifer-dropped the penny when my boat capsized and all my guns went overboard.”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.