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<p>[QUOTE=&quot;Caleb, post: 1686267, member: 32795&quot;]<span style="color: #000000"><font size="3"><font face="Times New Roman">I see that some people are not big enough to admit when they are wrong! :foot-mouth:</font></font></span></p><p><br /></p><p><font size="3"><font face="Times New Roman"><span style="color: #000000">First, the “Coinage Act of 1965” in Section 102 states clearly, </span><span style="color: black">“All coins and currencies of the United States, regardless of when coined or issued, shall be legal tender for all debts, public and private.....” The key point I want to make at this time is “regardless of when <u>coined</u> or <u>issue</u>” (just one or the other but both is not required.) As long as the US Mint coined the item it does not matter if they issued it to collectors or for commerce, it is legal tender.</span></font></font></p><p><br /></p><p><span style="color: black"><font size="3"><font face="Times New Roman">Second, you say: “There is a huge difference between monetizing a coin and making a coin legal tender.” Are you series? Maybe you should check your facts. I will call your attention, just to keep it simple; I will link a web page here for the online Merriam – Webster dictionary defining what the word “monetize” means: </font></font><a href="http://www.merriam-webster.com/dictionary/monetize" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.merriam-webster.com/dictionary/monetize" rel="nofollow"><font face="Times New Roman"><font size="3"><span style="color: #800080">http://www.merriam-webster.com/dictionary/monetize</span></font></font></a><font size="3"><font face="Times New Roman"> .</font></font></span></p><p><br /></p><p><font size="3"><font face="Times New Roman"><span style="color: black">You will notice that according to the dictionary, MONETIZE means: “</span><span style="color: #000000">to coin into money; <i>also</i> <b>:</b> to establish as legal tender” Imagine that, “To establish as legal tender” is to monetize? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></span></font></font></p><p><br /></p><p><font size="3"><font face="Times New Roman"><span style="color: #000000">Third, you say: </span><span style="color: black">“But it must be issued by the mint! If it was not, then it was not monetized.” I hope it is understandable the verbage used in Section 102 of the “Coinage Act of 1965” uses the word <u>or</u> between coined and issue so only one has to be established not both.</span></font></font></p><p><br /></p><p><font size="3"><font face="Times New Roman"><span style="color: black">Ownership is a different subject.</span></font></font></p><p><br /></p><p><font face="Times New Roman"><font size="3"><span style="color: #000000">So here ends the lesson: :devil:</span></font></font>[/QUOTE]</p><p><br /></p>

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