Is Anyone Here interested in a Palladium Mercury Dime?????

With only 55 minted "people not into coins" haven't much opportunity to get these into hand and to consider them for spending. If the $1000 denomination inspired them to go spend it, they'd have just as much trouble as some people do when spending $2, $500 or $1000 notes, which all draw suspicion or are flat out refused, plus one wouldn't be able to deposit the palladium coin in a bank, as any bank teller simply wouldn't accept the piece.

Mr. Carr faces far greater problems with fakes on the market. Forged copies of his own designs are far more likely to deceive collectors of his work than are 55 palladium coins he has up for sale.

Again, with just 55 coins, these coins are not a threat to the money supply of the US. Liberty dollars were thought to be more of an effort or risk to undermine the currency of the US. If you have questions about the legality of Carr's palladium coin, why not write to him directly? He's more than amicable and ready to talk about the legality of his pieces, or how his work differs from things like Liberty dollars which were determined in court to be illegal and a threat to US currency. I'm sure he will reply to your questions, if not in a personal email then in a thread such as this, as he comments on the topic when it arises on CT from time to time, as he is also a member of this forum, whom you can contact here as well.

 

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Do they have one in Mercury?

 

Yes indeed. If I were into collecting palladium, I'd seriously consider getting one before they are gone.

 

Ron Paul

 

Yes, Liberty Dollars, as mentioned above. Illegal. Bernard von NotHaus convicted.

 

Ok sir, fair enough I will. Btw the law I would be worried about would be simple counterfeiting. I know its not a copy of an existing coin, but it has all of the attributes of one, including denomination. I simply did not think a medal could have all of that information on it and not cross the line into counterfeiting.

Btw, my argument would be could he make this exact same medal in base metal with a denomination of $1? Would THAT be counterfeiting? If it is, so is this to me.

 

Happy Holidays, Krispy! :cheers:

That David Carr coin is Beautiful!! I would really like to own one, but I have to agree with Krispy..."United States of America", "E Pluribus Unum", 1000 "Dollars"...is pushing the law right to its limits. What sets David Carr coins apart from those of Bernard von Nothaus is that the mintage of 55 clearly indicates that these are not produced for use in commerce, whereas, the Liberty coins were. Where is that line (mintage-wise)? ...who knows?

 

I would have preferred something original as well.

 

any pics of what it will look like?

 

If this is the test, then I would be counterfeiting if I simply printed out the attached? It isn't illegal to put $$$ on something as that is protected by the 4th Amendment. It's illegal when you commit the act of passing it on as real currency. In this case, it cost $995 to acquire the coin. It doesn't seem as if there is much worries that one would use it as counterfeit currency.




Credit here

 

Only a composite of what it may end up looking like, based on a Mercury dime and a previous medal's eagle design for the reverse, for the new coin. Just follow the link in post #3 of this thread. It will take to you another thread on this topic, the topic in the OP. There you can see the images the Palladium eagle coin is suggested to be based on.

 

+1 Exactly!

 

Happy Holidays Yak!

Yep, you got it, right there with the mintage, a mintage of 55 coins isn't going to subvert the US currency and commerce in US funds, but some 7 million worth of Liberty dollars, was considered a threat and conspiracy against the US.

 

Granted, the Hobby Protection Act of 2004 defines an "imitation numismatic item" as...

That pretty much says that the item being imitated has to be "previously" issued as a "Numismatic Item" by the US Government (I threw the "US Government" part in, but I think that's what it's saying). This would say that the 1964 Peace Dollars, this Palladium piece, and the rest of Mr. Carr's collection are all completely legal. From my perspective, I think that's great!! I like Mr. Carr's work and would like to own some for myself.

What concerns me (regardless if it's in the law or not) is that "a reasonable person" with less numismatic knowledge than the average CT member could easily confuse these items as genuine US Government issued Numismatic items. I mean...I look at that Palladium bullion piece and the only thing that indicates that it's not a US Mint product is that it looks too nice! If you lined up a bunch of the US Mint issued Platinum bullion coins...and threw in one of Mr. Carr's designs, I doubt an "average Joe" from off the street could pick it out. Maybe not even the average CT member.

As Ron White says..."you can't fix Stupid". However, if a reasonable person with average numismatic knowledge and experience can be fooled...well, maybe there's a problem...(just say'n)

 

Greetings everyone.

Many good comments posted here so far.

The most important distinction regarding these tokens is that they are never purported to be legal tender. I make it quite clear in my marketing of them that they are not legal tender and no attempts to use them as such should be made.

The Liberty Dollar organization actively promoted their "Dollars" as a type of legal tender, and they had plans to promote them on a large scale. The "Feds" will come down on anybody attempting that.

The "$ 1000" inscription on the tokens is a symbolic price (like a suggested retail price). I engraved the dies back when palladium was higher (over $800).

There are some precedents for artistic mimicking of currency. The artist known as "Boggs" would draw life-like images of US currency and then try to "spend" them at face value. He would state up-front that the note was a drawing and a hand-made piece of "art". Sometimes the other party would take the note, other times not (the ones who took the notes and kept them have done well - they sell to collectors for high prices much of the time). The "Feds" did eventually confiscate some of Boggs' bills (the ones that were very close in appearance to US notes). But that was the extent of the Feds' action. The Feds seem to be a lot more touchy regarding paper currency than they are coins. Note that Boggs has been incarcerated, but that was due to some sort of drug conviction, so I'm told.

PS:
Palladium coins and bars tend to have a fairly substantial mark-up above the "melt" value. After working with palladium some, I can see why. Palladium is not a hard metal, but the melting point is extremely high and it is just generally difficult to work with compared to copper, silver, and gold.
So far, these coins have not been big sellers. I've minted 22 so far, and I have 29 more blanks ready. So the final mintage will be 51, not 55.

 

Thanks Mr. Carr.


For a little fun... This reproduced note is currently hanging in Manhattan. We can see the Empire State Bldg in the upper right corner.:



Reproduction of this note is legal per the terms of the Secret Service's rules pertaining reproduction of notes.

$100,000 Series of 1934
42,000 were printed
It was the highest denomination of US note printed by the BEP, not intended for general circulation, but was used in transactions between Federal Reserve Banks. Uncut sheets of these travel the coin/paper money show circuits.

 

I was under the impression that all of these notes, with the exception of 2-3 examples, were never released. Supposedly there is one in a federal museum and another on display at a Vegas casino. I would assume they are still worth face value so if one had a sheet, they could cut them out and have a windfall. I guess if someone did show up with one at a bank, they would have a lot of explaining to do.

 

It's a beautiful coin. Maybe you could do something similar in silver.

 

According to Gene Hessler's to 'Comprehensive Catalog of US Paper Money', these notes were used between Federal Reserve banks. The World's Fair of Money and other shows often have the uncut sheets on display, there is a thread here on CT with some more about the notes and some photos of the uncut sheet(s):

Favorite Unobtainable U.S. Currency Note

 

I wonder if the Secret Service will seize these "coins"?