1964-D Peace Dollar $10,000.00 Reward

Sorry, but “that ship just won’t float”

A coin is “monetized” when the U.S. Mint makes it, period. The U.S. Mint can “un-monetize” the coin by melting it or “waffling it”. As I have tried to explain earlier, monetize means according to the definition of the Merriam – Webster dictionary as can be seen in this link: http://www.merriam-webster.com/dictionary/monetize

Difinition:
1 : To coin into Money; also : to establish as legal tender

No where in the definition does it say it has to be issued.

So let’s recap: If the US Government “coined” a planchet with a face value it is monetized or if the US Government establishes an item like a rock as “legal tender” it is monetized. It just has to be one or the other, not necessarily both.:devil:

To reinforce this point, let’s look at Section 102 of the “Coinage Act of 1965” which was passed after the minting / striking / coining / manufacturing of the 1964-D Peace dollars. Section 102 clearly states: “All coins and currencies of the United States, regardless of when coined or issued, shall be legal tender …” So just the fact that it was coined makes it legal tender and if it is legal tender then it is “monetized”.

Why some idiot attorney for the Government (there is a reason why he is not making money in the private sector) said that a special certificate had to be issued to monetize the 1 1933 double eagle is anyone guess. Do you have a special certificate on you for each coin that you own? Why would this certificate of monetization be required for one coin and all other coins minted by our Mints don’t need one? Like I said before, there is a reason that attorneys are not rocket scientist or brain surgeons.

On the subject of ownership for the 1964-D Peace dollars, that is a whole other question. While the coins where monetized at the time of manufacture and several if not all were un- monetized when they hit the melting pot, if any survived, legal ownership would still have to be proven.

Example, the Treasury had a handful of $ 100,000 note printed, they are legal tender and monetized but they are all in Government control I believe. If one suddenly showed up for sale, I’m sure that the Government would want to know were it came from.

Just my two cent on the subject.

 

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but Max knew that the nickels existed are we saying that we know the peace exists?

 

Well, Caleb seems to think so.........

 

well my take is if its out there then GD knows about it.

it is simply not possible for him to not know

 

There it took only 105 posts but we finally got the answer. There is nothing that GD doesnt know about. He only needs to say it in post 1 .

Now on to next question Grandpa with the volatility in the PM market where do you think the coin market is headed. again give us your no holds barred opinion. Thanks.

BTW we have this argument a 1000 times before. There is no one mark my words no one who selflessly spread numismatic knowledge across the world as you do. I am not saying this to butter you up, (since when do kings butter their viziers ) it is simply a fact. On this i will have to go with my opinion about you rather than yours. Sorry! People dont realize how lucky we are to have you. You may be right or you may be wrong in your opinions but you are 100 % selfless and honest and that is what counts IMHO. As far things to learn you continue to underestimate spock and get hammered every day but who is complaining.

Another question. Do you think this is a marketing gimmick? there are only 2 reasons why anyone offers a bounty one they know it will be fulfilled beforehand or two they know it cant be fulfilled before hand so its a free publicity for them. just my 2 cents

 

Of course Mehl also knew he would not be offered a genuine nickel for $50. PCGS does not know they won't be shown a genuine 64-D dollar.

 

i am pretty sure no one is going to risk their 64 for $10k. they might end up losing it.

 

It's not PCGS's job to report these coins to the government. All they have to do is slab one as authentic and they can state that one exists.

 

and pray tell dear camaro what happens when the government comes calling. i am sure someone will definitely complain as soon as pcgs certifies.

 

Didn't someone mention (above) that there was an aluminum cent in an ANACS slab? I don't think the Goobs messed with them, did they?

 

wht dont you and harvey and me come up with our own win win. time we made some money. i have forgotten what it looks like

 

PCGS gives them the fake name the submitter used, and the PO Box # that the owner opened under a false name and abandoned as some as the coin was returned.

 

My thoughts exactly. If someone has one and decided to submit it...I'm sure they will take care to protect themselves.

 

And PCGS issues the check for the bounty to the fake name so the owner can not cash it! :devil:

 

hmm we will know in a second if it works or not

Eh grandpa come here and tell us if you had a 64 would you submit it? if yes then how?

 

I don think anyone is going to go to jail at pcgs to protect the submitter. Once the govt walks in they will sing like canaries and probably get another reward. Thats a win win.