It's junk mail time

Discussion in 'Coin Chat' started by kaosleeroy108, Jan 27, 2017.

  1. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    Okay ladies and gentlemen we have breaking news, what is going to overcharge you at a Surface price of $27.75 for a coin that is trading at $18 on the market for common bullion , granted there uncirculated but you can still get them any coin dealer... KIMG2758.JPG KIMG2759.JPG KIMG2760.JPG for me I have no problems advertising also I have a problem with charging a spot fee... but the problem I have simple Factor that they are blatantly overcharged for a coin that's going for what $18 that's the problem I have

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  3. Santinidollar

    Santinidollar Supporter! Supporter

    I have a trash basket near my front door to deposit stuff like that as soon as I return from the mail box.
     
  4. Dave Waterstraat

    Dave Waterstraat Well-Known Member

    They obviously have no screening to weed out the folks who know better from the folks who don't. You would have never received this letter otherwise. ;)
     
  5. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    But wait there's more...!!!


    The American Silver Eagle is the official silverbullion coin of the United States.

    It was first released by the United States Mint on November 24, 1986. It is struck only in the one-troy ounce size, which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9% pure silver. It is authorized by Title II of Public Law 99-61 (Liberty Coin Act, approved July 9, 1985) and codified as 31 U.S.C. § 5112(e)-(h). Its content, weight, and purity are certified by the United States Mint. In addition to the bullion version, the United States Mint has produced a proof version and an uncirculated version for coin collectors. The Silver Eagle has been produced at three mints: the Philadelphia Mint, the San Francisco Mint, and the West Point Mint. The American Silver Eagle bullion coin may be used to fund Individual Retirement Account investments.[1]

    The Silver Eagle coins were sold out in the first week of July 2015. The Mint said its facility in West Point, New York, continued to produce coins and it resumed sales at the end of July 2015. This was the second time the mint's silver coins had sold out in the past nine months. The Mint ran out of 2014-dated American Eagles in November 2014. In 2013, the historic drop in silver increased demand for silver coins, forcing the mint to ration silver coin sales for 18 months.[2]

    DesignEdit

    The design on the coin's obverse was taken from the "Walking Liberty" design by Adolph A. Weinman, which originally had been used on the Walking Liberty Half Dollar coin of the United States from 1916 to 1947. As this iconic design had been a public favorite—and one of the most beloved designs of any United States coinage of modern times, silver or otherwise—it was revived for the Silver Eagle decades later. The obverse is inscribed with the year of minting or issuance, the word LIBERTY, and the phrase IN GOD WE TRUST.

    The reverse was designed by John Mercanti and portrays a heraldic eagle behind a shield; the eagle grasps an olive branch in its right talon and arrows in its left talon, echoing the Great Seal of the United States; above the eagle are thirteen five-pointed stars representing the Thirteen Colonies.[3] The reverse is inscribed with the phrases UNITED STATES OF AMERICA, 1 OZ. FINE SILVER~ONE DOLLAR, and E PLURIBUS UNUM (on the banner that the eagle holds in its beak), as well as the mintmark if applicable.

    Legislative historyEdit

    Background: Defense National Stockpile silver salesEdit

    The impetus of the American Silver Eagle bullion program ultimately comes from executive plans through the 1970s and early 1980s to sell off silver from the Defense National Stockpile. As the Wall Street Journal explained, "Several administrations had sought unsuccessfully to sell silver from the stockpile, arguing that domestic production of silver far exceeds strategic needs. But mining-state interests had opposed any sale, as had promilitary legislators who wanted assurances that the proceeds would be used to buy materials more urgently needed for the stockpile rather than merely to reduce the federal deficit."[4][5] Throughout the period, such sell-offs that did occur, as well as announcements of planned sell-offs, caused immediate declines in the price of silver.[6]The Wall Street Journal reported in September 1976, "When the US government makes noises about selling silver from the federal stockpile, futures traders start unloading futures contracts in speculation that such a sale would depress prices."[7]

    Despite congressional opposition[8][9][10] to the sale of stockpiled silver through early June 1981, the House Armed Services Committee decided on June 10 to approve a Reagan administration request to sell government-owned silver beginning in fiscal year 1982 to help balance the federal budget.[11] In July 1981, the House and Senate agreed to allow the sale of 75% of the stockpiled silver (105.1 million troy ounces) over a three-year period,[4]and in September the price of silver fell 11% in response.[12] Just before the first sale in October 1981, a group of politicians from Idaho—a major silver-producing state—attempted to block the auction, claiming that the sale could have a "disastrous effect" on the United States silver mining industry in general and several Idaho silver mining companies in particular.[13] On December 3, 1981, Senator James A. McClure (R-Idaho) proposed an amendment (S.UP.AMDT.738) to the Department of Defense appropriation bill (H.R. 4995) to end the government's sale of silver "until the President, not later than July 1, 1982, redetermines that the silver authorized for disposal is excess to the requirements of the stockpile." The appropriations bill was signed into law (Public Law 97-114) with the amendment intact, effectively stopping the further sale of stockpiled silver.[14]

    Coin legislationEdit

    On May 27, 1982, Senator McClure introduced bill S. 2598, "A bill to provide for the disposal of silver from the National Defense Stockpile through the issuance of silver coins," to "redirect the sale of silver from our national defense stockpile in an effort to minimize its affect [sic] on the already depressed price of silver."[15] An identical companion bill, H.R. 6649, was introduced on June 22 by Representative Larry E. Craig (R-Idaho) but both bills were referred to committees and never were enacted. The Wall Street Journal reported on June 30 that the price of silver "soared after Interior Secretary James Watt announced that sales of the government's silver stockpile will be indefinitely postponed" as the government's legally required study on potential methods of selling the silver had been delayed.[16]

    On January 27, 1983, Senator McClure introduced another bill (S. 269) almost identical to S. 2598. As he had in the earlier bill, the senator asked,

    ... if we are forced to accept a sale, why use the method guaranteed to depress the price and dispose of the silver with the lowest possible return to the taxpayers[?] Why not instead, if we must sell, at least get as much for it as we can? Therefore, today, I am introducing legislation which provides that in the event the President proposes and Congress authorizes the sale of silver from the strategic stockpile, this silver would be sold through the minting and distribution of a silver-bearing coin.[17]

    The bill was referred to the Committee on Banking, Housing, and Urban Affairs which held hearings on April 15, 1983, however, it was not enacted.[18]

    Some two years later, with sales still suspended, Senator McClure again introduced legislation aimed at requiring potential sales of stockpiled silver to be conducted through the issuance of coins minted from the silver. This time his legislation took the form of an amendment (S.AMDT.418)[19] to H.R. 47, the "Statue of Liberty-Ellis Island Commemorative Coin Act". McClure's amendment—the "Liberty Coin Act"—added a new section (Title II) to H.R. 47. The amendment may be summarized into the following points:

    Authorize the Secretary of the Treasury to mint and issue silver bullion coinsCoin specifications including diameter, weight, fineness, general design, inscriptions, and edge finishCoin salesNumismatic and legal tender statusesPurchase of silver from stockpileEffective date of October 1, 1985, and stipulation that no coins may be issued or sold before September 1, 1986Wikisource has original text related to this article:

    Public Law 99-61

    Proposed on June 21, 1985, the Senate agreed to McClure's amendment by voice vote on the same day and it was added to H.R. 47; the House approved the amended bill three days later and it was signed into law by President Reagan on July 9, 1985. Thus, the authorizing law for the American Silver Eagle bullion program is Title II of Public Law 99-61 (Liberty Coin Act) codified as 31 U.S.C. § 5112(e)-(h).

    Program extension, 2002Edit

    The authorizing legislation for the American Silver Eagle bullion program stipulated that the silver used to mint the coins be acquired from the Defense National Stockpile with the intent to deplete the stockpile's silver holdings slowly over several years. By 2002, it became apparent that the stockpile would be depleted and that further legislation would be required for the program to continue. On June 6, 2002, Senator Harry Reid (D-Nevada) introduced bill S. 2594, "Support of American Eagle Silver Bullion Program Act," "to authorize the Secretary of the Treasury to purchase silver on the open market when the silver stockpile is depleted." The bill was passed by the Senate on June 21 and by the House on June 27 and signed into law (Pub.L. 107–201, 116 Stat. 736) by President Bush on July 23, 2002.[20]

    Buchanan
    Has nothing to do with the bill that was past to create them so why did they peg her???

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  6. scottishmoney

    scottishmoney Buh bye

    Isn't regrettable that Barry Goldwater Jr. prostitutes his name for this garbage? I bet senior is spinning in his grave in disgust.
     
  7. -jeffB

    -jeffB Greshams LEO Supporter

    On the one hand, trash like this subsidizes the rest of my USPS service.

    On the other hand, it chews up an awful lot of trees, and I imagine recycling it is a net money sink rather than source.
     
  8. doug444

    doug444 STAMPS and POSTCARDS too!

    I would ten times rather get junk mail than obnoxious phone calls - be careful what you wish for.

    In May of 2014, AT&T called me 43 times, more than once a day. They will NEVER get a dime's worth of my business, EVER.
     
  9. hotwheelsearl

    hotwheelsearl Well-Known Member

    Wait for the good mail offers. In 2014 I bought 2 ASEs at whatever spot was at the time off of some mail order thing. Of course the guy spent 20 minutes trying to sell me gold, but it was worth it.
     
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