The Arkanssouri Blog.: US Mint eminent domains coin collection.

Friday, August 26, 2005

US Mint eminent domains coin collection.

Story here.

David Lebryk, acting director of the Mint, had announced in a news release that the rare coins, which were never put in circulation, had been taken from the Mint "in an unlawful manner" in the mid-1930's and now were "recovered."

The coins, which are so rare that their value is almost beyond calculation, are public property, he said.

But Berke said Mint officials couldn't prove the coins had been stolen, or were subject to forfeiture.



And why, exactly, does the Mint want these priceless coins? To destroy them.

In its statement, the Mint said officials were still deciding what they would do with the seized coins, which are being held at a military fort. They said they had no plans to auction them but would consider saving "these historical artifacts" for public exhibits. Other double eagle coins seized in the past were melted down.


But why destroy them if their value is almost beyond calculation and they are public property?

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