New dollar coins--In God We Trust?

[skalenfehl]

Just thought I'd share this since it was on one of the random polls. The coins will have "edge-incused inscriptions" of the year of minting or issuance, "E Pluribus Unum," "In God We Trust" and the mint mark.

New Dollar Coin Omits 'In God We Trust' - Netlore Archive

$1 coin

[Flyonthewall]

I would like to get back to the dollar coins. As a kid, I liked the big silver dollars of the 60's & 70's, but I don't think I would appreciate them today. I do like the smaller ones of today, and I would definately use them.

[skalenfehl]

I never did hang on to my Susan B. Anthonys or the Sacagaweas.

[Flyonthewall]

I think the presidential theme may spark more interest than those two series...we'll see.

[JohnBirchSociety]

Originally Posted by skalenfehl

Just thought I'd share this since it was on one of the random polls. The coins will have "edge-incused inscriptions" of the year of minting or issuance, "E Pluribus Unum," "In God We Trust" and the mint mark.

New Dollar Coin Omits 'In God We Trust' - Netlore Archive

$1 coin

I'm not entirely concerned about the "In God We Trust" inscriptions on coins, which is a recent thing in any event.

I'm more concerned with coins that have no value (other than artistic).

I'm concerned with my Country not having any substantial real money. I'm concerned with my Country having paper money that can so easily (as is happening right before our eyes) be manipulated.

If we are to save our nation's financial security for ourselves and our children, we must return to real, sound money, as demanded by our divine constitution.

Money is defined as:

1) Easily divisible
2) Relatively Scarce
3) Having intrinsic value
4) Durable

Federal Reserve Notes only qualify in the first sense and are not money as demanded by the Constitution.

If we had real money, it could not be manipulated so easily, and, by nature its' value would increase over time, rather than decrease as does the Federal Reserve Note.

Give us real money....

[skalenfehl]

We could always just go back to trading goods and services. I do this a lot in my trade. It works out nicely.

[JohnBirchSociety]

Originally Posted by skalenfehl

We could always just go back to trading goods and services. I do this a lot in my trade. It works out nicely.

Most likely, when the Federal Reserve Note completely collapses in value (which is unavoidable with a "Fiat" currency), there will be a return to barter.

Barter will be more easily facilitated over time with real money. That's why my family is gradually buying American Silver Eagles. 99.99% Silver, US Minted, Legal Tender real "Dollar" coins, along with establishing a good storage program.

This could be avoided if by some miracle we'd return to Constitutionally sound money, aka, Gold or Silver coin, minted by Congress.

[a-train]

I'm more concerned about the ommision of intrinsic value than the text on the coin.

The melt value of those Presidential 'dollars' (as if they were dollars) is only .061 Federal reserve notes.





These coins have a melt value of almost 18 Federal reserve notes. The new Presidential dollars have only three tenths of one percent of the intrinsic value of the real silver American Eagles still available from the mint.

If indeed it is God we trust and not the Federal Reserve board, then we will allow Him to regulate the availibility of our money and not a secretive group of men.

-a-train

[JohnBirchSociety]

Originally Posted by a-train

I'm more concerned about the ommision of intrinsic value than the text on the coin.

The melt value of those Presidential 'dollars' (as if they were dollars) is only .061 Federal reserve notes.





These coins have a melt value of almost 18 Federal reserve notes. The new Presidential dollars have only three tenths of one percent of the intrinsic value of the real silver American Eagles still available from the mint.

If indeed it is God we trust and not the Federal Reserve board, then we will allow Him to regulate the availibility of our money and not a secretive group of men.

-a-train

Silver Eagles are beautiful coins.

You can get them online (depending on the spot "price" to paper "dollars") for about 22-25 Federal Reserve Notes.

Hopefully by the end of the year we'll have nearly 200 ounces...

[a-train]

There is a great local coin dealer that sells for cash straight up. Discrete.

I am not converting FRNs to bullion right now. I think bullion prices in FRNs will still fall a lot more before hitting bottom.

-a-train