Double Eagle Gold Coins

By Schonauer Law on Aug 03, 2016 at 11:58 PM in Law News

On Monday, a federal appeals court held that 10 "double eagle" 1933 $20 gold pieces, estimated to be worth several million dollars each, belong to the U.S. government, not the Pennsylvania family that possessed it for decades, the Langbord family.

The coins are among roughly 5,000 double eagle coins struck by the Philadelphia Mint but never circulated because President Franklin Roosevelt removed the gold standard.  The gold coins were stolen from the U.S. Mint in the 1930s.  It is assumed most were melted down but some were smuggled out of the U.S. Mint and remained as coins.  One person who assisted in the smuggling may have been Switt, the father of Joan Langbord.