Message:

<p>[QUOTE=&quot;Troodon, post: 321497, member: 4626&quot;]So far, every coin that the federal government (the Mint) has ever minted was legal tender at the time, and with the exception of Trade Dollars, still are (Trade Dollars are the only coin the US has minted that had their legal tender status revoked; if you want to take 100 half cents into a store to buy a can of soda you still can, technically lol... though if you want to do that I&#039;d be glad to get the soda for you myself and only ask 50 of them...).&nbsp; The face value does mean something, though in the case of bullion coins it really only means something if the bullion value ever drops below the face value.&nbsp; It is mostly just symbolic in a sense, but it does generate collector interest beyond what the interest in something that is just bullion would.</p><p><br /></p><p>As for the topic at hand &quot;numismatic value&quot; would save most of the people here who own any gold even in the unlikely event the government decides to declare gold illegal to own again (jewelery is another allowed exception btw, so don&#039;t worry about them coming after your wedding ring).&nbsp; However since we&#039;ve been off the gold standard since 1974 it would be highly unlikely they ever would again.&nbsp; It would take another depression basically... which with a more stable global economy and the stabilising effect of the Federal Reserve would be a lot less likely to happen than it was in 1929-1939.&nbsp; (Yes the Federal Reserve was around then, but it was harder to have a stabilising effect with the overall economy.)&nbsp; When we were on the gold standard, hoarding of gold had a more destabilising effect on the US dollar than it would now, as a purely fiat currency.</p><p><br /></p><p>5th Ammendment also guarantees if they do confiscate any gold you own, they have to pay fair compensation, which would likely be interepreted as whatever it was worth at the time it was confiscated.&nbsp; They&#039;d have a hard time making the claim that face value is anywhere near fair compensation (besides which, any gold coin you could legitimately call a &quot;numismatic item.&quot;)</p><p><br /></p><p>In short, I wouldn&#039;t be too worried.&nbsp; If you have any gold bars you may want to sell them or trade them for gold coins if you&#039;re worried about this passing again lol... but even that wouldn&#039;t be very likely anyway.[/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