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<p>[QUOTE=&quot;imrich, post: 2674157, member: 22331&quot;]You misunderstand my discussion, but might understand if you read history and the government establishment of PM values prior to 1933 when it&#039;s believed Executive Order 6102 made Gold holdings/exportation illegal for U.S. residents. In conjunction with the Gold Reserve Act of 1934, Gold was confiscated, with the threat of imprisonment, and a new value established for the metal/coins.</p><p><br /></p><p>All of our U.S. mint produced pm based coins are money, with an established value on their face. The pre-1965 coins have a stated monetary value on virtually all coins. The modern pm based coins also have a monetary value on their face from 1 cent for the copper penny to 50 dollars for a 1 ounce Gold coin. The current intrinsic value of believed all pm based coins, past and present, is greater than the assigned face value. Only government can establish monetary value.</p><p><br /></p><p>Residents of this country and depositors from other countries lost an appreciable percentage of their monies value by the stroke of a pen, by conversion from a pm to Fiat. The precedents have been established for government &quot;conversion&quot;, and since there aren&#039;t government approved metal value standards, as prior to 1933, and some time after 1934, money possibly may be converted at &quot;Face Value&quot;. (See: postscript)</p><p><br /></p><p>I don&#039;t believe the average American, Congress, or the Supreme Court would be concerned if the government &quot;converted&quot; some coins, as was done in the past for the benefit of the economy after the depression. Just a&nbsp; money collection which is being traded, generally unregulated, at unreasonable amounts relative to their assigned values, with little benefit to general society. An assortment which a relatively small group of &quot;collectors&quot; have accumulated and taken out of circulation.</p><p><br /></p><p>JMHO</p><p><br /></p><p>P.S.: In 2011 the <a href="https://en.wikipedia.org/wiki/Utah" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Utah" rel="nofollow">Utah</a> legislature passed a bill to accept federally issued gold and silver coins as legal tender to pay taxes. As federally issued currency, the coins were already legal tender for taxes, although the market price of their metal content currently exceeds their monetary value. Similar legislation is under consideration in other US states. The bill was initiated by newly elected <a href="https://en.wikipedia.org/wiki/Republican_Party_%28United_States%29" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Republican_Party_%28United_States%29" rel="nofollow">Republican Party</a> <a href="https://en.wikipedia.org/wiki/Legislator" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Legislator" rel="nofollow">legislators</a> associated with the <a href="https://en.wikipedia.org/wiki/Tea_Party_movement" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Tea_Party_movement" rel="nofollow">Tea Party movement</a> and was driven by anxiety over the policies of the President.[/QUOTE]</p><p><br /></p>

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