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<p>[QUOTE=&quot;fatima, post: 1393194, member: 22143&quot;]Can you state this &quot;guarantee&quot; in words?&nbsp;&nbsp; I&#039;d say that you can&#039;t because there isn&#039;t any fundamental difference between a government issued gold coin and other coins and bullion in terms of using gold as the basis for trade.&nbsp; (The USA accepted Spanish gold dollars as legal tender until 1857)</p><p><br /></p><p>------------------------</p><p>Here is an excellent example of why governmental coins have no inherent advantage.&nbsp; It amazes me that most American coin collectors are clueless of this history as demonstrated by some of the comments.&nbsp;&nbsp; </p><p><br /></p><p>It should be noted the first gold coins minted in the USA were not by the US Mint, but by the Bechtler Private Mint near Charlotte.&nbsp; I recommend a read of this history:&nbsp; <a href="http://www.raregold.com/learn-more/bechtlers.php" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.raregold.com/learn-more/bechtlers.php" rel="nofollow"><b>The Bechtler Private Mint: 1831- 1850</b></a>&nbsp; Of note relative to this topic is the following quotation:&nbsp; &nbsp; This lays to rest the notion that governmental coins have any advantage over other forms of gold and that the confederates were more than capable of running a mint and the associated mining operations.&nbsp; There were 30,000 people involve in the gold industry in the CLT are and these were not yankees running things.&nbsp;&nbsp; </p><p><br /></p><p>Finally in regards to the coin clipping and melting, I recommend a tour of the Charlotte Mint Museum or even the Philly Mint where a discussion of confederate gold takes place.&nbsp; Not everything is on the web.&nbsp; However if you look up a history on the Charlotte or the even more rare Bechtler coins, you will find this is the fate of most of these coins.[/QUOTE]</p><p><br /></p>

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