Posted on 09/15/2006 2:45:33 PM PDT by BradJ
Edited on 09/15/2006 2:53:08 PM PDT by Sidebar Moderator. [history]
USA Today articles can be link only
Psstt!!!!...Start hoarding silver bullion coins. I will explain later...I got to go...
Yeah, the cuts into the fed monopoly and is a cool way to avoid taxes.
So you can't barter with these little metal disks???
P.T. Barnham, please pick up the withe courtesy phone.
I guess bartering is also illegal.
It's silly that people can't voluntarily use alternative forms of currency. That being said, passing the currency off as US currency is certainly a problem.
Hey, until I see Kim Jong Il frog marched into a U.S. District Court for counterfeiting our currency, I can't get too excited about the Feds raising a ruckus about "Liberty Dollars".
They should still pay the tax on the transaction, right? I mean, if it's nothing but a scheme to defraud the government, why not do it without the flashy coinage and stay on the down low?
I guess subway tokens are now suspect. /sarc
You know what is funny? These must of started to show up all over for the Fed to get so worked up about it.
Read the story. The problem isn't bartering with the coins. The problem is that the coins bear a striking resemblance to coins produced by the United States Mint, and people are giving them to store clerks who are accepting them unaware. That's fraud.
does the coin say "one dollar" on it anywhere?? if it does, I could see where someone would think its real and use it..of course, as I recall, some clerk somewhere took a $200 bill with a picture of W on it..
if it's knowingly used, that's fraud..unknowingly?? I don't know..
They're claiming that it is illegal for any entity other than the U. S. mint to produce coins. Frankly, I don't see their case, other than to claim that this so closely resembles official currency as to make unwitting acceptance likely. If both buyer and seller are aware, though, I don't see the illegality.
What's the problem here?
Who's claiming that? I read the story and I didn't see that claim anywhere.
does the coin say "one dollar" on it anywhere??
The silver coin says "Twenty Dollars", actually. The gold one says $500.
"I guess bartering is also illegal."
Worse. It's taxed.
agreed..I saw a show once on discovery or a and e or one of those where a guy hand drew $100 bills (they were amazing) and would go into shops, tell the counter person he drew it, then barter it for goods with the understanding they owner framed the bill, put it up and showed people for publicity..as I recall, he was making out pretty well..
BUT, he was letting them know up front what the deal was..
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