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San Diego Man Sues U.S. Government Over a Penny
Fox 5 San Diego ^ | April 9, 2014 | Christian De La Rosa

Posted on 04/09/2014 7:34:27 PM PDT by DogByte6RER

Edited 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 ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events; US: California
KEYWORDS: aluminum; coin; lawsuit; numismatics; penny; sandiego; unitedstatesmint; unitedstatestreasury
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1974-D aluminum cent
1 posted on 04/09/2014 7:34:27 PM PDT by DogByte6RER
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To: DogByte6RER

In for a penny, in for a pound.

2 posted on 04/09/2014 7:39:37 PM PDT by ClearCase_guy
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To: DogByte6RER

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.


3 posted on 04/09/2014 7:40:25 PM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill)
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To: DogByte6RER

Feds claim it was never issued as legal tender and want it back.

$250,000 is worth a penny. Ka-ching!


4 posted on 04/09/2014 7:40:57 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: DogByte6RER

Fantastic numismatic! I hope he wins.


5 posted on 04/09/2014 7:42:23 PM PDT by mylife (Ted Cruz understands the law, and is not afraid of the unlawful.)
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To: DogByte6RER; xzins
Lawrence, a real-estate agent, said he doesn’t know exactly how his father, who worked at the U.S. Mint in Denver for years, ended up with one of the aluminum pennies.

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)

6 posted on 04/09/2014 7:43:03 PM PDT by P-Marlowe (There can be no Victory without a fight and no battle without wounds)
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To: DogByte6RER

Wow....

Once again, an example of people not keeping their mouths shut. Unfortunately, I expect the government will prevail in this case.


7 posted on 04/09/2014 7:43:20 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: All

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.


8 posted on 04/09/2014 7:43:37 PM PDT by DogByte6RER ("Loose lips sink ships")
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To: DogByte6RER

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......


9 posted on 04/09/2014 7:44:10 PM PDT by G Larry (There's the Beef!)
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To: P-Marlowe; DogByte6RER

I’d lose the penny.

Ooops....had it in my pocket and....shucks...not there.


10 posted on 04/09/2014 7:45:23 PM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: G Larry
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......

They seemed to have downsized their profile to a significant degree.

11 posted on 04/09/2014 7:46:17 PM PDT by Steely Tom (How do you feel about robbing Peter's robot?)
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To: P-Marlowe

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.


12 posted on 04/09/2014 7:48:57 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: DogByte6RER

HEY!

>http://www.cnn.com/2014/03/04/us/california-gold-discovery/<

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.


13 posted on 04/09/2014 7:51:10 PM PDT by G Larry (There's the Beef!)
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To: xzins

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.


14 posted on 04/09/2014 7:51:14 PM PDT by P-Marlowe (There can be no Victory without a fight and no battle without wounds)
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To: Steely Tom

See Post #13


15 posted on 04/09/2014 7:51:57 PM PDT by G Larry (There's the Beef!)
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To: KoRn
Yeah, I would just claim that I lost it. Then what would they do?

Five years for lying to the FBI.

16 posted on 04/09/2014 7:54:35 PM PDT by P-Marlowe (There can be no Victory without a fight and no battle without wounds)
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To: DogByte6RER

Does anyone think the feral gubmint is above “seizing” this coin, then turning around and auctioning it themselves?


17 posted on 04/09/2014 7:55:54 PM PDT by RobinOfKingston (Democrats--the party of Evil. Republicans--the party of Stupid.)
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To: xzins

“I’d 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?


18 posted on 04/09/2014 7:56:39 PM PDT by Aarchaeus (V)
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To: P-Marlowe

Proving a negative is a pretty high bar in a court of law. I understand the IRS has done it with great success though.


19 posted on 04/09/2014 7:58:12 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: KoRn

“Honest, occifer-dropped the penny when my boat capsized and all my guns went overboard.”


20 posted on 04/09/2014 7:58:29 PM PDT by TurboZamboni (Marx smelled bad and lived with his parents .)
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