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The E-Sylum:  Volume 9, Number 16, April 16, 2006, Article 28

PROPOSED BILL COULD LEGALIZE SOME COINS, HELP SMITHSONIAN

The numismatic press has been covering proposed legislation that
could have some side benefits for numismatic researchers and writers.
The following excerpts are from a Numismatic News article published
on the web this week.

"Owners of 1913 Liberty Head nickels and the 1885 Trade dollar get
relief under terms of proposed legislation aimed at preventing
government seizure of pre-1933 rare coins owned by collectors.
Owners of 1933 double eagles and 1964 Peace dollars do not."

"Authored by Rep. Frank Lucas, R-Okla., the bill seeks to clarify
the law regarding ownership of coinage minted before 1933."

"However, Lucas’ bill would require the government to display at
least some of the pieces it seizes and auction off extra coins not
needed for display. The proceeds would go toward preservation and
display of the Smithsonian’s collection, thought to contain more
than 900,000 pieces.

“It’s time the Smithsonian dusted off its extensive collection so
that these historic pieces can be enjoyed by the public,” said
Lucas."

"Another feature of the bill is that it calls for an inventory
of what numismatic material the Mint has on hand right now."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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To submit items for publication in The E-Sylum, write to the Editor 
at this address: whomren@coinlibrary.com

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