Archive for July 21st, 2011

The (Double) Eagle has flown the coop.

Thursday, July 21st, 2011

We previously noted the strange legal saga involving the Federal Government and ten 1933 $20 U.S. gold coins.

(Since that time, we have also read Alison Frankel’s Double Eagle: The Epic Story of the World’s Most Valuable Coin and we think it is a better book than David Tripp’s Illegal Tender: Gold, Greed, and the Mystery of the Lost 1933 Double Eagle. But we digress.)

By way of FARK, we have now learned that a Philadelphia jury has found in favor of the Government. Here’s coverage from the WSJ Law Blog, and here’s coverage from the Inky.

As we noted at the time, this seemed like a case that couldn’t be won, given the events of 2002 and the attendant publicity. We are not displeased to see our prediction come true, though we will be sad if the Treasury ends up destroying the coins. At the same time, though, we suspect this is not the end of the story, and that this case will probably end up in front of Dianna Ross and the Supremes. Watch this space for updates.

Edited to add: We wish we had thought of this sooner. Here’s the story from “Coin World”, which appears to have been covering the trial in detail judging from the other links.