Message:

<p>[QUOTE=&quot;GoldFinger1969, post: 7662598, member: 73489&quot;]Monetization was a term invented by the government to create the notion of Legal and Illegal 1933 Saints and other coins.</p><p><br /></p><p>What was done in 2003 was that the buyer had to pay $20 -- in paper currency -- to &quot;legalize&quot; a coin which was already legal tender and contained $20 (at the then-1933 price) in gold.&nbsp; This was added to the sales price at Sotheby&#039;s at the request of the U.S. Treasury and Mint.</p><p><br /></p><p>It was all a scam, because you could get Double Eagles by exchanging other gold coins of the same amount of gold and that was perfectly legal.&nbsp; Of course, you could also buy one for $20 in various bill denominations.</p><p><br /></p><p>There was no shortfall of gold bullion involving any 1933 Saints (there WAS of 1928 Saints as 250 were stolen) so the notion that they were &quot;not legal&quot; coins is government baloney.&nbsp; This was a government vendetta against a group of anti-FDR gold bugs who had something that had gone up 100-fold by the mid-1940&#039;s.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in