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#11
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#12
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But on a related note, an evil thought just occurred to me: in the 1960's, during the silver coin shortage, the US government made it illegal to melt down any US silver coins. I wonder, might they try the same thing with US gold and silver Eagle bullion coins during a potential future gold and/or silver shortage? I realize the incentives would be different, as gold and silver Eagles do not circulate as true coinage in the US today, but I try to never underestimate the pure diabolical evil of anyone in government, especially the federal government.
__________________
"Because gold is honest money, it is disliked by dishonest men." |
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#13
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Well, it is going to be interesting to see if it becomes common practice to knock the center out.
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#14
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"in the 1960's, during the silver coin shortage, the US government made it illegal to melt down any US silver coins."
Which is why huge amounts of them wound up in Canada or Mexico. It works both ways. In Canada it is illegal to mutilate any coin, base metal or precious metal. You may be familiar with elongated pennies with some sort of topical design on them. The machines that make them are found in arcades or local fairs and exhibitions. The Canadian producers therefore use American pennies to make the elongated coins.
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Gold is for your old-age pension, silver is for trading the ratio, and palladium is to buy-and-hold for ten years from now. |
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#15
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when they first came out, seems to be a common issue with bi-metalic coins. The 2 metals expand and contract at different rates. Of course Canada is more prone than Mexico to experience those temperatures outdoors naturally, so it's more likely to occur by accident here. Since you are in Alaska can I assume you accidentally dropped one on a cold day? ^_- |
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