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 Replies: 16 / Views: 2,391 |
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Valued Member
United States
397 Posts |
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Pillar of the Community
United States
5832 Posts |
Nice and overpriced.
High on premium.
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Pillar of the Community
United States
830 Posts |
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Moderator
 United States
14463 Posts |
if you buy one, that's only about a 25% premium  Edited by Fuzzy317
08/02/2011 8:14 pm
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Valued Member
 United States
397 Posts |
Bernard called his currency 'dollars' and unfortunately the US government has sort of taken that name. Had he called them bernard widgets he'd be just fine. These types of coins are showing up EVERYWHERE in my area because people seem to think currency in the future will be in terms of grams of silver/gold instead of dollars.
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Moderator
United States
14463 Posts |
they would be neat to own IMO, but not at that price
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Pillar of the Community
United States
830 Posts |
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Bedrock of the Community
United States
10038 Posts |
Bernard also became to well known and was educating too many people about the paper we use each day. The amount of rounds he made/distributed was massive enough the Fed was seeing him as a potential threat if he was allowed to keep going. Basically if the Feds do finally get their way, can keep the PMs they took from him, and history actually records his actions as illegal, then the government will have the power, in the books, to regulate any trading for any and all things we do. If you read the info from the trial, it was a fiasco. They took pics of the Liberty Dollars and put up pictures of them next to a Mercury dime and other US coinage - but the sizes of the coin in the pics were adjusted to be the same! No one who is not blind cannot tell these are not like anything the US mint makes/has made. But they had to find a charge that they could try to make stick and counterfeiting was the one they chose. Do not get me wrong, I do not agree with Bernard on everything and think he was way overpricing his Liberty Dollars. I think he pushed suggested value (stamped on each) way too high on each of them. He started out with them having a suggested price of 10.00, then 20.00, then 50.00 for a one ounce round. I think, if the Feds had not stepped in, he might have lost a lot of followers b/c making a suggested price of 50.00 an ounce when silver was not even up to 20.00 was ridiculous. But I also think it is interesting that these rounds are going for higher prices than ASEs on ebay. They are beautiful rounds. He did a good job with them as far as quality goes. |
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Pillar of the Community
United States
3755 Posts |
Hmmmmm, considering that silver is now over 40 an ounce and still climbing, it wasnt ridiculous at all. It was astute and smart.
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Bedrock of the Community
United States
14454 Posts |
I think what the feds had a problem with was that he tried to get people to actually use them for payment instead of the dollar. I don't think they would have had a problem with him just minting the coins if he hadn't tried to compete with the US dollar
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Pillar of the Community
United States
3402 Posts |
Bullion Market:
What goes up must come down. Those last holding the metal lose.
KK
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Valued Member
United States
397 Posts |
The amount of bullion that APMEX puts out makes Bernard look like nothing, don't be fooled into thinking the government went after him because he was the biggest, he was not. |
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Valued Member
United States
296 Posts |
Quote:
because people seem to think currency in the future will be in terms of grams of silver/gold instead of dollars. All through history, right up until the early 20th century, that was how it was done. It is coming around full circle. That is why the U.S. Trade dollar had come into existence... Quote:
I think he pushed suggested value (stamped on each) way too high on each of them. He started out with them having a suggested price of 10.00, then 20.00, then 50.00 for a one ounce round. I think, if the Feds had not stepped in, he might have lost a lot of followers b/c making a suggested price of 50.00 an ounce when silver was not even up to 20.00 was ridiculous. Try and buy a Britannia, or half of Perth's Mint inventory for less... With some of the premiums tacked on by certain online retailers on the more common stuff (ASE, ML, Philharmonic, Libertad...), that number gets matched or exceeded regularly.  Quote:
...considering that silver is now over 40 an ounce and still climbing, it wasnt ridiculous at all. It was astute and smart. Yep. Coinage always has a face value higher than it's bullion value. It keeps them from getting hoarded and/or melted... The Mercury dime when it was released in 1916 didn't have 10¢ worth of silver in it (in 1916 dollars)... Edited by Bowfin
08/03/2011 12:19 pm
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Valued Member
United States
296 Posts |
Quote:
What goes up must come down. Those last holding the metal lose.
You couldn't be more wrong... Those holding toilet paper fiat currency will be the ones losing. The price of gold and silver doesn't rise and fall. The buying power of your green toilet paper goes up and down. The Federal Reserve Note (dollar) is a "faith" based currency. Monetized debt. Literally an I.O.U. |
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Pillar of the Community
United States
830 Posts |
I do like the idea of a 10th oz .999 coin. I wonder if they had considered a half dollar (walking liberty) or quarter. . |
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Bedrock of the Community
United States
12437 Posts |
Quote:They are calling them APMEX " Mercury dime", doesn't the Fed have that name too? Nope, the correct name is Winged Liberty Dime and it was collectors that "coined" the name Mercury. There is no legitimate connection between the dime and the Roman god so there are no issues with the name usage. |
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Replies: 16 / Views: 2,391 |
Posted 08/02/2011 5:31 pm
