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Bedrock of the Community
13014 Posts |
Quote: it'll be a collectors heyday. More like nightmare on the wallet. 6 states look poised to do it and I dont believe Texas is one of them so you can be assured they will follow suit. Thats a lot of new series to start  It may or may not go anywhere. It would be tied to the dollar in someway and could be a way for better performing states to become more desirable to people. A Va dollar would certainly get you more federal dollars than a CA dollar looking at state budgets ect. IF washington were to get serious about addressing the debt you would see these ideas go away real fast. Until that day though never say never
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Valued Member
United States
362 Posts |
Smells like a way to coin some sort of state coin and then sell it to raise revenue, or like it was said earlier just showboating. Either way it's just another disgruntled set of voters (via their representative) making their voices heard, even if it's in a childish manner. 
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Pillar of the Community
United States
1721 Posts |
First, the currency/money then we take Fort Sumter. Who's with me boys? Sic Semper Tyrannis  ! The new CSA. Currency States of America.
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Moderator
 United States
23522 Posts |
I've spent a half-hour trying, and cannot come up with something to post here which will not drag the topic straight into GD.
Ludicrous.
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Pillar of the Community
United States
1200 Posts |
I'd like to see these rambunctious (or at least puffed-up and posturing) states issue their own 1oz silver coins of some kind. If they held them down to around a $3/oz premium level, I could definitely see loading up with a few tubes of that kind of thing.
Those little Pacific island venues like the Cook Islands, Palau, Niue, etc make half or more of their annual GNP selling all those ultra-fancy, crazy expensive coins that they're known for. In today's hard economic times, I don't think there's any good reason the states shouldn't capitalize on the coin collecting/PM stacking market and make a little money.
Silver Bullet Silver Shield has already set up the business model. If the states followed suit in their own fashion, I think they could collar some decent revenues. No sense leaving all the potential money on the table for the SBSS crew to harvest.
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Pillar of the Community
United States
1211 Posts |
Freddy, while I like your idea and I think it is a fine alternative, the point that is attempting to be made is a political statement - not a fundraising measure.
I think everything that has already been stated (by the first 3 posters) has summed up any input I could offer into this discussion. Well put.
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Pillar of the Community
United States
1200 Posts |
Correct, understood and agreed, but... That doesn't give SBSS monopoly rights and it doesn't preclude the states from pursuing their own agendas as well.
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Pillar of the Community
United States
1391 Posts |
There are many tribes that mint their own coins. Some of them are used as legal tender on the reservations and circulated next to the standard U.S. coins. Most of them are minted for the collectors market though so they aren't circulated. The tribes are in a similar situation to the states, yet distinct because they are 'internal dependant nations.'
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Pillar of the Community
United States
3253 Posts |
SsuperDave! That's exactly why I haven't posted yet!
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Pillar of the Community
United States
4132 Posts |
What's up with states longing for the days of the articles of confederation? Let's party like it's 1786!
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Pillar of the Community
United States
1721 Posts |
SsuperDdave & philadelphian,
That's why my post is what it is.
SsuperDdave,
If you'd like to share your thoughts outside of this forum, I'd be humbled to be on the receiving end. I'm sure it would be enlightening, entertaining and educational.
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Bedrock of the Community
United States
20753 Posts |
Quote: There are many tribes that mint their own coins. Some of them are used as legal tender on the reservations and circulated next to the standard U.S. coins. Most of them are minted for the collectors market though so they aren't circulated. The tribes are in a similar situation to the states, yet distinct because they are 'internal dependant nations.'
And not only them but there are all kinds of places that use coinage they make for their own usage. One place, some time ago but now bought out by ChuckECheeze, had their own coins but basically for inhouse use. My Son collected them. A place similar called Enchanted Castle now does the same thing. A large sporting place called Cabella's also has their own coins. Not sure how many are attempted to be used for real money by kids though. And I've seen many, many flipping coins made by who knows. I know this will never go through but imagine coins made from and for each State. Could be made of Silver and worth at least Silver prices. At one time many States had Mills, part of a Cent. I still have some. It would almost be fun trying to place something on their coins that they are famous for.
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Moderator
 United States
189053 Posts |
Quote: What's up with states longing for the days of the articles of confederation? Let's party like it's 1786! 
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Bedrock of the Community
United States
10038 Posts |
The way the feds handled the NORFED issue makes it seem impossible for anything like this to go anywhere and get large. I do NOT agree with everything he did, but the fact is that people in this area gladly accepted using silver instead of fed paper. It took off, it got large, the feds interfered and put a scare in people. They only wish people to sue their own fiat currency or else they lose control. In fact, as of recent, eBayers have been having ebay cancel their auctions selling the NORFED coins b/c supposedly the FBI said it was illegal. The fact of the matter is I can accept chickens in payment for a product service if I like - let alone silver rounds. They accused the NORFED guy of counterfeiting. Can anyone seriously say that his rounds looked like US coins of any sort? There may be a slight resemblance to a Peace dollar at a glance, but seeing these NORFED rounds had more silver than a Peace dollar, the charge of counterfeiting is moot since someone would not be getting a worthless copy, but actually more worth if they mistook it for a Peace dollar!
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Pillar of the Community
United Kingdom
4208 Posts |
This is similar to when towns and cities in the UK issued conder tokens. There wasnt enough proper money so people took it into their own hands - thr money circulated but could be redeemed for the face value of real money at tje location noted on the coin.
People started collecting those too adn soon enough some collectors only peices showed up.
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