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<p>[QUOTE="fatima, post: 1413388, member: 22143"]How can it be different? Private mints were not authorized by the US government. Bechtler certainly wasn't authorized by the USA nor the NC state government. There is no difference between Bechtler and Carr. </p><p><br /></p><p>When currency was gold & silver, coinage was nothing more than an assay of a specific amount of PM. The gold was "coined" as a means to make the assay portable. It made no difference if a private mint did it or a government mint except that the government mint of course had the reputation for being honest. Case in point, the coinage act of 1792 stated that anyone with gold could come to the mint in Philly and have that gold assayed and then coined, free of charge. It also specified the death penalty for someone in the US mint to produce a a coin which was short of gold. Very good reason to trust the government's assay. </p><p><br /></p><p>However Bechtler had a very high quality reputation as well and gold "coined" by Bechtler was trusted to contain the amount of gold stated.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1413388, member: 22143"]How can it be different? Private mints were not authorized by the US government. Bechtler certainly wasn't authorized by the USA nor the NC state government. There is no difference between Bechtler and Carr. When currency was gold & silver, coinage was nothing more than an assay of a specific amount of PM. The gold was "coined" as a means to make the assay portable. It made no difference if a private mint did it or a government mint except that the government mint of course had the reputation for being honest. Case in point, the coinage act of 1792 stated that anyone with gold could come to the mint in Philly and have that gold assayed and then coined, free of charge. It also specified the death penalty for someone in the US mint to produce a a coin which was short of gold. Very good reason to trust the government's assay. However Bechtler had a very high quality reputation as well and gold "coined" by Bechtler was trusted to contain the amount of gold stated.[/QUOTE]
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