Message:

<p>[QUOTE=&quot;Caleb, post: 1689421, member: 32795&quot;]<span style="color: #000000"><font size="3"><font face="Times New Roman">Sorry, but “that ship just won’t float” <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></font></font></span></p><p><br /></p><p><font size="3"><font face="Times New Roman"><span style="color: #000000">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 <span style="color: black">Merriam – Webster dictionary as can be seen in this link: </span></span><span style="color: black"><font face="Tahoma"><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"><span style="color: purple"><font face="Times New Roman">http://www.merriam-webster.com/dictionary/monetize</font></span></a></font></span></font></font></p><p><br /></p><p><font face="Times New Roman"><font size="3"><span style="color: #000000">Difinition:</span></font></font></p><p><font face="Times New Roman"><font size="3"><span style="color: #000000">1 : To coin into Money; also : to establish as legal tender</span></font></font></p><p><br /></p><p><font face="Times New Roman"><font size="3"><span style="color: #000000">No where in the definition does it say it has to be issued.</span></font></font></p><p><br /></p><p><font face="Times New Roman"><font size="3"><span style="color: #000000">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:</span></font></font></p><p><br /></p><p><font size="3"><font face="Times New Roman"><span style="color: #000000">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: </span><span style="color: black">“All coins and currencies of the United States, <u>regardless of when coined</u> or issued, shall be legal tender …” So just the fact that it was <u>coined</u> makes it legal tender and if it is legal tender then it is “monetized”.</span></font></font></p><p><br /></p><p><span style="color: black"><font size="3"><font face="Times New Roman">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.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></font></font></span></p><p><br /></p><p><span style="color: black"><font size="3"><font face="Times New Roman">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. </font></font></span></p><p><br /></p><p><span style="color: black"><font size="3"><font face="Times New Roman">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.</font></font></span></p><p><br /></p><p><span style="color: black"><font face="Times New Roman">Just my two cent on the subject. </font></span></p><p><span style="color: black"><font face="Times New Roman"><br /></font></span></p><p><span style="color: black"><font face="Times New Roman"><br /></font></span></p><p><span style="color: black"><font face="Times New Roman"></font></span>[/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