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First Spouse gold...Are they Bullion or Collectibles??
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<p>[QUOTE="yakpoo, post: 1259687, member: 18157"]Ooops...sorry. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Just in case you don't get a response...it was Congress who referred to them as "bullion" in the <b><a href="http://www.law.cornell.edu/uscode/31/usc_sec_31_00005112----000-.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.law.cornell.edu/uscode/31/usc_sec_31_00005112----000-.html" rel="nofollow">original legislation</a></b>. If you scroll down to section (o), you'll see that the title is..."First Spouse Bullion Coin Program". They're called "bullion" all through the section. The last paragraph (Para. 10) states...</p><p><br /></p><p><br /></p><p>This is the confusing part...Sections 5134 and 5136 refer to the "<b><a href="http://www.law.cornell.edu/uscode/html/uscode31/usc_sec_31_00005136----000-.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.law.cornell.edu/uscode/html/uscode31/usc_sec_31_00005136----000-.html" rel="nofollow">US Mint Public Enterprise Fund</a></b>" which seems to be a separate accounting mechanism for Mint's "Franklin Mint" operations. </p><p><br /></p><p>I've read where the term "Numismatic Item" has a legal connotation for things like taxes, confiscation, etc. If First Spouse coins are only Numismatic Items for purposes of accounting...but really "bullion", that would be a nice factoid to nail down.[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 1259687, member: 18157"]Ooops...sorry. :o Just in case you don't get a response...it was Congress who referred to them as "bullion" in the [B][URL="http://www.law.cornell.edu/uscode/31/usc_sec_31_00005112----000-.html"]original legislation[/URL][/B]. If you scroll down to section (o), you'll see that the title is..."First Spouse Bullion Coin Program". They're called "bullion" all through the section. The last paragraph (Para. 10) states... This is the confusing part...Sections 5134 and 5136 refer to the "[B][URL="http://www.law.cornell.edu/uscode/html/uscode31/usc_sec_31_00005136----000-.html"]US Mint Public Enterprise Fund[/URL][/B]" which seems to be a separate accounting mechanism for Mint's "Franklin Mint" operations. I've read where the term "Numismatic Item" has a legal connotation for things like taxes, confiscation, etc. If First Spouse coins are only Numismatic Items for purposes of accounting...but really "bullion", that would be a nice factoid to nail down.[/QUOTE]
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First Spouse gold...Are they Bullion or Collectibles??
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