Why Do You Collect Coins?

Hi Saruma,

We will have to agree to disagree on FDR as he acted the part of a dictator for over a decade and changed our countries constitution by replacing Supreme Court justices who would follow along with his unconstitutional new deal policies to include stealing gold from people at $20.00 per ounce then changing it's value to $35.00 once he had the gold. While on the subject gold and silver coins are a form of freedom so in a small way it is a political issue.

While it is true the constitution discusses gold and silver as the only form of money for the states this also applied to the federal government. This can be verified by some of the other coinage laws a little later. The major laws were in 1834 and 1873. http://www.econlib.org/library/Enc/...tandard.html
Both of these laws made gold the preferred metal. For those of us who believe in the conspiracy of bankers (the crime of 1873 started the process) we saw peoples wealth taken from them again and again. The common coin prior to our constitution was the Spanish pieces of 8 ie. silver. Gold was always the bankers metal while silver was the peoples. I think we are still seeing that trend today. Many of us believe the wizard of oz was written to expose the crime of 1873 and William Jennings Bryant's cross of gold speech covered the balance of it.

With regards to inflation in a gold and silver standard I will confess there are two that I am aware of. First in Europe, especially Spain when all of the gold from the new world showed up. Second when silver was found in large quantities out in the US West. Other than that there are countless examples of price stability for CENTURIES in countries on a gold or silver standard. When prices are stable people are able to grow their wealth through planning and investing without manipulation. On a side note I do believe that the gold and silver market are manipulated to strengthen the US dollar and keep people from investing/protecting themselves from government inflationary confiscation of wealth. And yes when fiat paper "increases" in value and silver and gold "decrease" in value you are correct. Gold and silver are antidollars. I do not believe this would be the case if the manipulation to prop up the dollar was not taking place.




Again you and I are going to have to agree to disagree. Gold and silver represent a storage of wealth. I need to make clear what I define as wealth. All commodities as well as means of production ie. land, human labor, capitol and factories represent wealth. Something had to be done to create it ie. people went to work. It is not "creating wealth" when someone mandates that a piece of cloth with numbers and pictures of dead presidents is valuable. It is even worse when they do it electronically. Who gets the benefits of this? The bankers who get to use this newly created money (created out of thin air) to purchase REAL assets ie. land, labor and means of production. In the fiat world all paper money is worthless except the value we give to it. We work for what we earn. The people who create the fiat garbage DON'T. Here is a couple examples of government theft when fiat money is used

http://www.timesonline.co.uk/tol/ne...e6940482.ece

http://en.wikipedia.org/wiki/Inflat...mar_Republic

http://www.irinnews.org/Report.aspx?ReportId=82500

While it is possible to do the same with gold and silver ie. make it illegal as FDR did and remove it from circulation as LBJ did at least we the people have something tangible to use in cases of absolute emergency. The high US inflation of the 1970's was caused when tricky dick took the us dollar off the gold standard completely.


http://en.wikipedia.org/wiki/Histor...tates_dollar

The US dollar has been the worlds reserve currency since Bretton Woods because we were the last to drop the gold standard. We are now losing that position and the US dollar is declining in value on the international markets. This means all imports of foreign goods cost us more money. Oil and products from China get more expensive in this kind of environment. The US has been living on foreign credit for over a decade and we are going to pay for it in the very near future. For more of my rantings on this issue you can go to bullion direct and view my postings there. My user id is the same. I will close off for now by saying the same thing I say there. Got gold and silver? Sincerely, John Leckrone

It's the only way I can keep the wife from spending it!

I collect for the history, it's fun, nest egg for my or my children and it addicting.

"cause they're pretty...

They are smaller than airplanes.

truthfully coins have been a really rewarding experiance, the history, the variety,the beauty and art work the whole of the minting process coins have everything that a collector could want.

I like most collectors have something inside which makes collecting a requirement,I collect so many things but coins are by far the most rewarding.

The voices in my wife's head made me do it......I'm so hooked I even dig em out of the ground...

My dad, he collected them as a paper boy in the 50's and 60's. As well as my grandfather (mothers side) who liked Canadian and some American coinage. When I was 6 I started and the tradition continues. I see it as a savings plan, but the coins themselves are quite cool, where ever they're from.

I too collect for many reasons, some of it is the history behind the coins. I'm also pretty sure I have a good case of OCD and somehow trying to get one of every type/date/MM coin helps that out. Its also something that you can collect and either spend a huge amount of money on or as little as you want. I also see it as something to pass down to my kids, or some sort of investment. That is a lot of reasons and that's why I collect coins.

By the way we had a good back and forth on the constitutionality of the metal used in coins here

https://goccf.com/t/57629