While silver is low, we should get a law passed.

This is a case in point: privatization always beats government intervention.

 

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The only thing i want the government involved with, in regards to my coins. Is to deliver them to my mailbox.

 

Gotta put a stop to the shenanigans of all those rich greedy hoarders

 

I thought of doing this when silver/gold started to climb but I just didn't have enough disposable income. You gotta have about $50,000 cash on hand just in case a huge buy happens. I couldn't convince the bank it was a good enough idea to get a line of credit for it. (Hindsight- I should have been more convincing!)

 

Haven't quite thought this through, have you?
You're always coming up with odd ideas and theories and this one is no different.

 

Always? Surely you jest.

 

Looks like you are the man for the job, Mr. "hobby ambassador". Leave ebay alone and get to work.

 

So who should pay to police those who try to determine who mutilates or set fire to their coins so they can legally melt them? Theoretically, that wouldn't stop anyone from doing either to coins just so they could melt them. I know I don't want my tax dollars paying for this, it would be a waste of time, money and resources.

 

How would the government know if you were melting them? Its not like they'll be a bunch missing from circulation (like if you melted the copper pennies) you could always claim you melted rings or something. Anyone could easily buy silver or gold coins, melt them into bars, and sell them.

 

Wow. If someone wants to melt their own silver, why shouldn't they be allowed to. It will only make mine more valuable Personally, I hope they make it legal to melt cents soon too...

 

Holy cow! You better add an extra floor joist !

 

Woof, woof........They can't agree on a national health care plan or an equitable income tax. There's already too many danged laws. Soon your gonna need a lawyer to back out of your own danged driveway..........

 

WOW!! I can reply again!! hya:

 

Please Greenie, don't get me started...I'll get banned again!!

 

Hey, just lovin' the Yak 'attack'. Where the devil ya been old sod? We had reports of you sited in Borneo......

Glad you're back old friend.

 

In my opinion, you COULDN'T get the law passed. Think of it this way, I'm sure that there are some people on here that make a comfortable living, but it doesn't even compare to the MILLIONS each commercial refinery profits in a year. Everyone knows what language the government speaks, and it is the language of CASH, sometging us collectors don't have enough of to compete.......Unless we melt our silver down and sell it

 

I mean post the source of your information for people who are not knowledgeable of this and may not believe you.

 

And many coins in the "melt bucket " are not melted. - they are rebagged and resold.

 

Would this law apply to bullion coins too?

IMO - If you want to preserve history, then buy what you want to preserve.

We just happen to have an interest in coins, so many of us hate to see them melted down. Not that we really need more laws, but if congress does this for coins, what's to stop them from doing the same for virtually everything else? All buildings are a part of history. So are cars, computers, clothes, comics, stamps, toys, bodies, and well, everything.

There is a process to protect a historical building: Have it declared a historical building. Then it becomes much more difficult to destroy. Maybe we could make a similiar process for coins. If you have a coin that you want preserved for eternity, then have it slabbed in a special historical slab. But, seeing as coins are much different than structures, what would stop a person from breaking the coin out of the slab?

In the meantime, I think economics is doing a good job at preserving the best specimens of history. For the most part, the only coins that are in danger of being melted down are those that are only worth their bullion value. If society placed a higher value on these coins, then they would be worth more than their melt value. In a way, the people are already voting on it, with their dollars.