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Art Law Keyed to Gerstenblith, 4th Ed.
Naftzger v. American Numismatic Society
Citation:
49 Cal. Rptr. 2d 784 (1996)Facts
The American Numismatic Society operates a museum in New York City housing over 750,000 coins and numismatic objects. In 1937, the museum received a donation of 1,542 large copper cents minted between 1793 and 1857. Prior to 1970, 129 of these Clapp coins were stolen when a thief surreptitiously substituted inferior coins of identical variety and removed the valuable originals without the museum’s knowledge. The museum did not discover the theft by substitution until December 17, 1990, when expert Del Bland examined the collection and reported the substitution. After receiving this report, the museum learned that some stolen coins were in Naftzger’s possession, who had purchased them from the alleged thief. The museum demanded return of the coins on February 12, 1993, but Naftzger refused and filed suit to quiet title.
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