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  • dbtunr dbtunr Mar 15, 2013 9:47 AM Flag

    PCGS Europe news

    PCGS Paris Certifies 'Champagne Lanson' U.S. $20 Gold Coins Treasure For Bonhams

    - March 14, 2013

    (Paris, France) – The Professional Coin Grading Service's European Submission Center in Paris has authenticated and graded nearly 500 U.S. 19th and early 20th century $20 denomination gold coins discovered in a French vineyard and that now will be offered in a public auction by Bonhams on June 3, 2013. Known as the Champagne Lanson Bonnet Vineyard Collection, the coins were examined and certified along with many other coins submitted from around Europe during the recent PCGS Paris Grading Week, March 4 - 8. 2013.

    "These are the 497 U.S. Double Eagles that were discovered last year in an attic during remodeling work on what used to be grape-drying facility in Les Riceys, a village in Eastern France. The treasure trove of gold coins were minted between 1851 and 1928, and the majority of the now PCGS-certified coins were graded PCGS MS63 or higher. Three 1924 Double Eagles graded PCGS MS66," said Muriel Eymery, PCGS Vice President of International Business Development.

    "Many collectors in Europe are still not aware that certified coins often command a premium above the coin's precious metal value, or that a coin certified for authenticity and grade can command a premium price higher than a similar ungraded coin. We are thrilled that PCGS Paris authentication and grading services can now easily help collectors, their dealers and auction houses reveal the true value and rarity of their coins. We hope the success of the Champagne Lanson coins raises awareness of PCGS certification services and the benefits of having coins certified."

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    • " between 1851 and 1928"

      Those were the really "good old days". People could take gold coins in payment for labor or services, or they could take paper -- their choice. Even years later when gold was taken by the government some smart people "demanded" payment in silver coins. Can't do that today.

      " the 497 U.S. Double Eagles that were discovered last year in an attic during remodeling work on what used to be grape-drying facility in Les Riceys, a village in Eastern France."

      That guy or gal must have been smart enough to have guessed what was coming. Until recently France was higher taxed than the U.S.. Now France even charges a hefty tax to buy stock including ADRs. More than Italy's new tax for example. France beat the U.S. to the lead on that new tax, but the U.S. will catch up this year. It's all about one country leader saying to another, "I can tax more than YOU!!!"

      It looks like Argentina will be the first to go over the cliff, but it's a race that's neck for neck among the country front runners at this point."

 
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