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<p>[QUOTE=&quot;Conder101, post: 507833, member: 66&quot;]But in the 30&#039;s when they did that the coins WERE only worth the face value.&nbsp; It wasn&#039;t until later after most of them had been turned in that they raised the official value of gold and made them worth more than face value.</p><p><br /></p><p><br /></p><p>I was wondering how long it would be until someone noticed that.&nbsp; The government always maintained that the 1933 double eagles were never &quot;monetized&quot; and were therefore not really coins because they had never been distributed by the Federal Reserve. The gold and silver eagles have never been distributed by the Fed either so they have never been &quot;monetized&quot; either so by the governments own argument they must not be coins.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Of course this begs the question Is it possible to be legal tender without being monitized?&nbsp; The Coinage Act of 1965 makes them legal tender, but are they &quot;monetized&quot;?</p><p><br /></p><p><br /></p><p>Pretty close, last I knew silver was $1.29, but they may have raised it at some point and I din&#039;t notice it.&nbsp; Gold has had an official price of $42.25 since1972.[/QUOTE]</p><p><br /></p>

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