Court Awards Family with V.A Beach ties rare gold coins.

The U.S appeal court on Friday overturned a Jury verdict and awarded a Philadelphia family rights to 10 rare gold coins worth $80 million.

 

The $20 Saint Gaudens “Double Eagles” stolen from the U.S mint in Philadelphia before the 1933 series was melted down when the country went off the gold standard.

 

Joan Langbord and her sons cannot own the coins which she said she found in a family bank deposit box in 2003.

 

Israel Switt, her father and a jeweler was investigated twice over his coin holdings. He had dealings with the mint in the 1930s. In 2012 a Jury sided with the government.

 

However, the appeals court Friday returned the coins to the Langbords because U.S officials had not responded within the 90 day limit to the families seized property claim, filed in 2004.

 

Barry Berke, the family lawyer said, “Congress clearly intended for there to be limits on the government’s ability to seek forfeiture of citizens’ property and today’s ruling reaffirms that those limits are real and won’t be excused when the government violates them.”

 

Joan Langbord who is 85 throughout most of her life worked in her Father’s store throughout most of her life. Her sons David langbord of Virginia Beach and entertainment Lawyer Roy Langbord of New York City, joined her in her 13 year legal fight. Berke said that they have not decided whether the coins will be sold and do not plan to com… MORE

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