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<p>[QUOTE=&quot;GoldFinger1969, post: 26761070, member: 73489&quot;]Thanks.&nbsp; Credit to RWB.</p><p><br /></p><p>BTW, I had uploaded Page 1 twice...it&#039;s now fixed. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />&nbsp; 2-page memo.I think this Memo is just pertinent to the loopholes that existed after EO 6102 came into effect.&nbsp; The government CLEARLY played hardball in a couple of cases (I can post the actual NYT articles later if you guys want them)....right after the EO in 1933, the famous case of the guy who had $5,000 in gold with Chase Bank and got it seized.</p><p><br /></p><p>This is different...this memo concerns sales of coins over a decade later and the SS is asking Treasury if the sale of coins is OK because of the numismatic exemption...<b><span style="color: #000000">Treasury&#039;s response is:</span>&nbsp;&nbsp; </b><span style="color: rgb(255, 0, 0)"><b>if a premium was involved, it&#039;s ipso facto a numismatic coin and it&#039;s a legal sale.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></b></span></p><p><br /></p><p>So...if 1924 Saints were common back then too....$35 an ounce value....I buy 10 of them for $350, that&#039;s illegal as per EO 6102 (I can buy only 5&nbsp; bullion coins)....but I buy it from an LCS for $40 or $45 each.....<b>then all 10 are OK because all of them are at a premium PLUS I&#039;m allowed the 5 bullion coin exemption (which wouldn&#039;t be needed here anyway). <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie33" alt=":cigar:" unselectable="on" unselectable="on" /></b></p><p><b><br /></b></p><p>There were other cases and legal briefs and some good law school analyses over the decades but they all were basically irrelevant once Pres. Ford signed the law allowing Americans to hold gold (ANY gold) effective December 31, 1974 (it was a real snoozer at the time -- I have articles on that, too).[/QUOTE]</p><p><br /></p>

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