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Is there any way to make a certified coin mainstream?
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<p>[QUOTE="imrich, post: 1406261, member: 22331"]<b>An Adjudicated Violation Of Existing Federal Criminal Code.</b></p><p><br /></p><p><br /></p><p><br /></p><p><b>If you review the following statute found in the Federal Criminal Code: </b> Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, <b>any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design</b>, shall be fined under this title [1] or imprisoned not more than five years, or both.<b>applied to establish a precedent in the adjudication of the "Liberty Dollars". </b></p><p><b><br /></b></p><p><b>I believe that the Statute content clearly defines what may be exchanged as consideration/payment in U.S. commerce. </b></p><p><b>You'll find that an exchange as suggested would violate the stated condition "</b>except as authorized by law"<b>, inasmuch as the dollar coin was authorized to be exchanged for ONE DOLLAR as denoted on the coin.</b></p><p><b><br /></b></p><p><b>You'll also find the Internal Revenue (IRS) would have great interest in collecting taxes/penalties on these coins being exchanged at the proposed 5000% of the original basis value. These proposed exchanges would constitute significant "Capital Gains" unless a different basis can be proven, generally taxable at a 28% rate, with appreciable penalties for untimely filing/reporting of the gains.</b></p><p><b><br /></b></p><p><b>JMHO </b>:thumb:[/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 1406261, member: 22331"][b]An Adjudicated Violation Of Existing Federal Criminal Code.[/b] [B]If you review the following statute found in the Federal Criminal Code: [/B] Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, [B]any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design[/B], shall be fined under this title [1] or imprisoned not more than five years, or both.[B]applied to establish a precedent in the adjudication of the "Liberty Dollars". I believe that the Statute content clearly defines what may be exchanged as consideration/payment in U.S. commerce. You'll find that an exchange as suggested would violate the stated condition "[/B]except as authorized by law"[B], inasmuch as the dollar coin was authorized to be exchanged for ONE DOLLAR as denoted on the coin. You'll also find the Internal Revenue (IRS) would have great interest in collecting taxes/penalties on these coins being exchanged at the proposed 5000% of the original basis value. These proposed exchanges would constitute significant "Capital Gains" unless a different basis can be proven, generally taxable at a 28% rate, with appreciable penalties for untimely filing/reporting of the gains. JMHO [/B]:thumb:[/QUOTE]
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Is there any way to make a certified coin mainstream?
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