Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Gold confiscations and current gold
>
Reply to Thread
Message:
<p>[QUOTE="dbblsanta, post: 321294, member: 9189"]It was my understanding that a face value was stamped on bullion so that it could be considered a legal tender coin for coin collectors. I thought it was purely a symbolic measure.</p><p><br /></p><p>Similarly, if the government ever had to take a 1909-S VDB Lincoln Cent for public use (not that they would, this is just speaking hypothetically), "just compensation" would surely not be the one-cent face value.</p><p><br /></p><p>Of course, the government has never confiscated gold since the 1930s, so we have no idea just what "just compensation" would mean. However, if gold were to be confiscated, it would be done so by an Act of Congress (Legislative Branch) or by an Executive Order (Executive Branch), while the "just compensation" clause would be interpreted by the Judicial Branch. Therefore, the same branch of the government that would be confiscating the gold would not be the same branch that would have the final say on what "just compensation" means.[/QUOTE]</p><p><br /></p>
[QUOTE="dbblsanta, post: 321294, member: 9189"]It was my understanding that a face value was stamped on bullion so that it could be considered a legal tender coin for coin collectors. I thought it was purely a symbolic measure. Similarly, if the government ever had to take a 1909-S VDB Lincoln Cent for public use (not that they would, this is just speaking hypothetically), "just compensation" would surely not be the one-cent face value. Of course, the government has never confiscated gold since the 1930s, so we have no idea just what "just compensation" would mean. However, if gold were to be confiscated, it would be done so by an Act of Congress (Legislative Branch) or by an Executive Order (Executive Branch), while the "just compensation" clause would be interpreted by the Judicial Branch. Therefore, the same branch of the government that would be confiscating the gold would not be the same branch that would have the final say on what "just compensation" means.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Gold confiscations and current gold
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...