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#1
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Coin dealer's heirs await ruling
http://articles.philly.com/2011-07-0...-barry-h-berke "Israel Switt, long deceased but once considered a "patriarch" of Philadelphia's Jewelers Row" JAM |
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#2
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Coin dealer's heirs await ruling
On Jul 10, 10:37*am, Frank Galikanokus
wrote: http://articles.philly.com/2011-07-0...srael-switt-go... "Israel Switt, long deceased but once considered a "patriarch" of Philadelphia's Jewelers Row" JAM I'd hate to see what would happen to the hobby of numismatics if government wins this case. We could possibly lose a lot of our rights as collects and be limit too what we can collect. Although it will be years before we find out how this will effect our hobby since this will probably be tied up in court for that long. |
#3
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Coin dealer's heirs await ruling
On Jul 11, 1:28*am, sgt23 wrote:
On Jul 10, 10:37*am, Frank Galikanokus wrote: http://articles.philly.com/2011-07-0...srael-switt-go... "Israel Switt, long deceased but once considered a "patriarch" of Philadelphia's Jewelers Row" JAM I'd hate to see what would happen to the hobby of numismatics if government wins this case. We could possibly lose a lot of our rights as collects and be limit too what we can collect. Although it will be years before we find out how this will effect our hobby since this will probably be tied up in court for that long. Sorry collects was suppose too be spelled collectors. |
#4
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Coin dealer's heirs await ruling
On Jul 11, 1:28*am, sgt23 wrote:
On Jul 10, 10:37*am, Frank Galikanokus wrote: http://articles.philly.com/2011-07-0...srael-switt-go... "Israel Switt, long deceased but once considered a "patriarch" of Philadelphia's Jewelers Row" JAM I'd hate to see what would happen to the hobby of numismatics if government wins this case. We could possibly lose a lot of our rights as collects and be limit too what we can collect. Although it will be years before we find out how this will effect our hobby since this will probably be tied up in court for that long. I don't think anybody in the hobby purchased and then sold coins that were illegally removed from the Mint and then lied to the Secret Service, telling them that he didn't have any more. His family should not profit. All of the double eagles that he sold were recovered by the Government including one that was returned after the government won a Court case. |
#5
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Coin dealer's heirs await ruling
On Jul 11, 3:04*am, sgt23 wrote:
On Jul 11, 1:28*am, sgt23 wrote: On Jul 10, 10:37*am, Frank Galikanokus wrote: http://articles.philly.com/2011-07-0...srael-switt-go.... "Israel Switt, long deceased but once considered a "patriarch" of Philadelphia's Jewelers Row" JAM I'd hate to see what would happen to the hobby of numismatics if government wins this case. We could possibly lose a lot of our rights as collects and be limit too what we can collect. Although it will be years before we find out how this will effect our hobby since this will probably be tied up in court for that long. Sorry collects was suppose too be spelled collectors. That's the only thing you found wrong with that sentence? Your apology wasn't much better. |
#6
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Coin dealer's heirs await ruling
although I have not been following this thread......is it possible a
"statute of limitations" may be invoked? Is your/my/ours all omnipotent government above the law......oops dumb thought, I should have known the answer! h |
#7
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Coin dealer's heirs await ruling
Think of the guy who bought the Farouk example for $7.9 million
dollars. I am sure that he, for one, doesn't want all these extra copies coming out on to the market. Nice to have the only one in private hands, and not have the value diluted by the Switt examples. |
#8
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Coin dealer's heirs await ruling
"Phil DeMayo" wrote in message ... On Jul 11, 1:28 am, sgt23 wrote: On Jul 10, 10:37 am, Frank Galikanokus wrote: http://articles.philly.com/2011-07-0...srael-switt-go... "Israel Switt, long deceased but once considered a "patriarch" of Philadelphia's Jewelers Row" JAM I'd hate to see what would happen to the hobby of numismatics if government wins this case. We could possibly lose a lot of our rights as collects and be limit too what we can collect. Although it will be years before we find out how this will effect our hobby since this will probably be tied up in court for that long. I don't think anybody in the hobby purchased and then sold coins that were illegally removed from the Mint ===== Almost all of the early pattern coins as well as the 1913 nickels would fall into that category. And how do you know that he didn't acquire these by swapping some other twenties for them? It was a fairly standard practice at the mint on the first day of minting a new issue. Swit was a Philadelphia dealer so he could have been at the mint when the coins were struck and swapped 20 old gold coins for 20 new ones. That isn't difficult for me to believe. It is difficult for me to believe that more than a pound of gold coins would be missing and no one would notice. ===== and then lied to the Secret Service, telling them that he didn't have any more. ==== How do you know he didn't acquire these later? IIRC, he said he didn't remember how he acquired the ones he sold. ==== His family should not profit. All of the double eagles that he sold were recovered by the Government including one that was returned after the government won a Court case. === And the government had such a powerful case that they gave up half the profits. I wouldn't call that a slam dunk win. === -- Richard http://www.richlh.com Don't lament that the rose bush has thorns. Rejoice that the thornbush has roses. [Ancient Egyptian Saying] |
#9
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Coin dealer's heirs await ruling
On 7/11/2011 1:28 AM, sgt23 wrote:
I'd hate to see what would happen to the hobby of numismatics if government wins this case. We could possibly lose a lot of our rights as collects and be limit too what we can collect. Although it will be years before we find out how this will effect our hobby since this will probably be tied up in court for that long. This is not going to affect numismatics in one iota. As others said, it will affect Switt's heirs and the owner of the other 1933 Saint, but nobody else. If anybody thinks Switt didn't know how he acquired these Saints and believes what he said about not remembering, you no doubt believe the TV ads for the "rare" clad copies of Buffalo dollars and such. Switt was very well connected, knowing people inside the Mint. Further, such subterfuge has long been an integral part of the high-end collectable coin trade. Virtually all of the most expensive U.S. coins are associated with illegality or probable illegality: 1933 Saint, 1804 dollar (Class II and III), 1913 Liberty Head nickels, 1885 Trade dollars, others. And if you think there are no 1964-D Peace dollars and 1974 aluminum cents in private hands, having "slipped" out of the Mint, you should probably think again. I have one specimen of each of them right here. Not. But it's nearly certain that others do, though nobody of course is talking openly about this because they too would be seized by the government. I have no proof of this, just a fair amount of assurance based upon talking to a number of people and precedent. -- Consumer: http://rg.ancients.info/guide Connoisseur: http://rg.ancients.info/glom Counterfeit: http://rg.ancients.info/bogos |
#10
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Coin dealer's heirs await ruling
On Jul 12, 10:27*am, "Richard L. Hall"
wrote: "Phil DeMayo" wrote in message All of the double eagles that he sold were recovered by the Government including one that was returned after the government won a Court case. === And the government had such a powerful case that they gave up half the profits. *I wouldn't call that a slam dunk win. === That was the Farouk coin....not the one to which I was referring. Switt gave the Secret Service a list of people to whom he had sold 1933 double eagles (telling them that these were the only ones he had)....it might have been about 10 people, I'd have to check to be sure. All surrendered the coins except for one individual who decided to go to court....and lost. |
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