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Message:: [QUOTE="Conder101, post: 321348, member: 66"]They only gave face value in the 1930's because that WAS the value of the gold.  That does not mean they would only give face value today.  And even if you bought foreign gold that would still take that as well.  Of course due process can simply mean that they pass a law and then enforce it.  If they pass a law that says the official government price of gold is $100 and then later confiscate gold at the "official" price that's due process. As for "just compensation", who decides what is just?  If the government says turn in ALL gold for spot price is that just compensation?  Including for your $3 gold pieces etc?  (Many people have the mistaken idea that since the government exempted the pre 1933 gold coins back in the 30's they would be safe from any future confiscations.  In reality if a future act confiscated gold and didn't specificly exempt collector gold then it too would be subject to confiscation.) No it doesn't.  Back before the US Eagles began the Mint had a Gold Arts Medallion series of 1/2 oz and 1 oz medallions that were sold for a small mark up over the bullion value.  They were clearly marked with their weight and fineness, but sales were miserable because coin collectors had no interest in them.  They simply were not coins.  In 1986 when they made the eagles and gave the 1 oz gold a $50 face value, demand shot through the roof.  It's amazing what that "bogus face value" can do.[/QUOTE]