Monday, July 11, 2011

Inheriting Double Eagle Gold Coins Might Not Be Easy

Israel Switt, a Philadelphia jeweler, died in 1990. In 2003, Switt's daughter, Joan Langbord, discovered ten gold coins in a safety deposit box owned by her father. She is now suing the U.S. Government for the right to inherit those gold coins.

The gold coins in question are called double eagles. In 1933, Franklin Delano Roosevelt ordered all double eagle gold coins to be melted back into gold bars. The double eagles were never released by the U.S. Government. But a few of these gold coins mysteriously got out.

Ms. Langbord insists the government has the burden of proof in this case. This could mean that if the government cannot prove Israel Switt personally stole the double eagles, the gold coins would pass to Israel Switt's heirs. And Israel Switt's heirs could inherit coins that are worth millions of dollars.

A few articles of interst regarding Mr. Switt's double eagle gold coins are:

"Heirs Battle U.S. Mint Over Prized Gold Coins" by the Wall Street Journal
"Family fights government over rare 'Double Eagle' gold coin" by Yahoo
"Pa. family fights US over rare 1933 gold coins" by Associated Press

For more information regarding inheritance issues look here.

1 comment:

SandraSteve said...

double Eagle Gold Coins ! this is a great surprise for me thanks dude
Price of gold per gram