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<p>[QUOTE="dcarr, post: 1335025, member: 4781"]Greetings everyone.</p><p><br /></p><p>Many good comments posted here so far.</p><p><br /></p><p>The most important distinction regarding these tokens is that they are never purported to be legal tender. I make it quite clear in my marketing of them that they are not legal tender and no attempts to use them as such should be made.</p><p><br /></p><p>The Liberty Dollar organization actively promoted their "Dollars" as a type of legal tender, and they had plans to promote them on a large scale. The "Feds" will come down on anybody attempting that.</p><p><br /></p><p>The "$ 1000" inscription on the tokens is a symbolic price (like a suggested retail price). I engraved the dies back when palladium was higher (over $800).</p><p><br /></p><p>There are some precedents for artistic mimicking of currency. The artist known as "Boggs" would draw life-like images of US currency and then try to "spend" them at face value. He would state up-front that the note was a drawing and a hand-made piece of "art". Sometimes the other party would take the note, other times not (the ones who took the notes and kept them have done well - they sell to collectors for high prices much of the time). The "Feds" did eventually confiscate some of Boggs' bills (the ones that were very close in appearance to US notes). But that was the extent of the Feds' action. The Feds seem to be a lot more touchy regarding paper currency than they are coins. Note that Boggs has been incarcerated, but that was due to some sort of drug conviction, so I'm told.</p><p><br /></p><p>PS:</p><p>Palladium coins and bars tend to have a fairly substantial mark-up above the "melt" value. After working with palladium some, I can see why. Palladium is not a hard metal, but the melting point is extremely high and it is just generally difficult to work with compared to copper, silver, and gold.</p><p>So far, these coins have not been big sellers. I've minted 22 so far, and I have 29 more blanks ready. So the final mintage will be 51, not 55.[/QUOTE]</p><p><br /></p>
[QUOTE="dcarr, post: 1335025, member: 4781"]Greetings everyone. Many good comments posted here so far. The most important distinction regarding these tokens is that they are never purported to be legal tender. I make it quite clear in my marketing of them that they are not legal tender and no attempts to use them as such should be made. The Liberty Dollar organization actively promoted their "Dollars" as a type of legal tender, and they had plans to promote them on a large scale. The "Feds" will come down on anybody attempting that. The "$ 1000" inscription on the tokens is a symbolic price (like a suggested retail price). I engraved the dies back when palladium was higher (over $800). There are some precedents for artistic mimicking of currency. The artist known as "Boggs" would draw life-like images of US currency and then try to "spend" them at face value. He would state up-front that the note was a drawing and a hand-made piece of "art". Sometimes the other party would take the note, other times not (the ones who took the notes and kept them have done well - they sell to collectors for high prices much of the time). The "Feds" did eventually confiscate some of Boggs' bills (the ones that were very close in appearance to US notes). But that was the extent of the Feds' action. The Feds seem to be a lot more touchy regarding paper currency than they are coins. Note that Boggs has been incarcerated, but that was due to some sort of drug conviction, so I'm told. PS: Palladium coins and bars tend to have a fairly substantial mark-up above the "melt" value. After working with palladium some, I can see why. Palladium is not a hard metal, but the melting point is extremely high and it is just generally difficult to work with compared to copper, silver, and gold. So far, these coins have not been big sellers. I've minted 22 so far, and I have 29 more blanks ready. So the final mintage will be 51, not 55.[/QUOTE]
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Is Anyone Here interested in a Palladium Mercury Dime?????
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