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Keep Your Hands off My Gold (part 1)
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<p>[QUOTE="Rono, post: 331361, member: 6492"]Howdy,</p><p> </p><p>Well, as the author points out, the gov't can willy-nilly pass any sort of law they wish and in the process define 'numismatic value' in any way they choose.</p><p> </p><p>Methinks they would exempt collectible coins to some degree, but just where the line would be . . . . </p><p> </p><p>Author mentions those bullion coins with a numismatic premium greater than 15%. He also mentions those older than 100 years. </p><p> </p><p>I would think that coins that were slabbed could be justifiably assumed to have some numismatic value. </p><p> </p><p>You could also make the case that any Proofs would have value.</p><p> </p><p>On the other end of the spectrum, we could safely assume that generic rounds and ingots would not be safe. And contrary to the author, I would NOT include gold and silver eagles as being exempt. Cripes, they were invented strictly to serve the bullion market and collecting them as been secondary.</p><p> </p><p>However, let me go on record that I really don't trust the gov't NOT to attempt to confiscate all the bullion. </p><p> </p><p>and so it goes,</p><p> </p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 331361, member: 6492"]Howdy, Well, as the author points out, the gov't can willy-nilly pass any sort of law they wish and in the process define 'numismatic value' in any way they choose. Methinks they would exempt collectible coins to some degree, but just where the line would be . . . . Author mentions those bullion coins with a numismatic premium greater than 15%. He also mentions those older than 100 years. I would think that coins that were slabbed could be justifiably assumed to have some numismatic value. You could also make the case that any Proofs would have value. On the other end of the spectrum, we could safely assume that generic rounds and ingots would not be safe. And contrary to the author, I would NOT include gold and silver eagles as being exempt. Cripes, they were invented strictly to serve the bullion market and collecting them as been secondary. However, let me go on record that I really don't trust the gov't NOT to attempt to confiscate all the bullion. and so it goes, rono[/QUOTE]
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