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 Replies: 28 / Views: 2,892 |
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Valued Member
 United States
350 Posts |
Quote:Even if the government could take back the coins I doubt they would. Look at what the mint has been doing in recent decades. The have been making lots of new coins intended solely for collectors such as ASE's. Plus, what is the point of the 50 states quarters Very very good point. Nice support of your opinion |
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Pillar of the Community
United States
2335 Posts |
Quote:
Plus, what is the point of the 50 states quarters IMO the main reason for minting State Quarters is that every quarter taken out of circulation by a collector is essentially an interest free loan to the government. I also believe we own our coins. I suppose it's possible the government might start confiscating assets from private citizens but I don't see any reason coins would be the first target. |
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Valued Member
United States
63 Posts |
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Valued Member
United States
421 Posts |
I heard one time ago through a friend that if you deface a coin that you are defacing government property. No I have never done this, heck I can bring myself to try the new acetone solution. Is he partial right? wrong or what. But with our government cranking out so many bills to offset the worlds issues, it is weakening the value of our 1) hard work in the job place, 2) the dollar in the worlds view as the mighty Green back.
I have heard and read articles that some economist say we need to get back to backing our dollar with silver again.Maybe not economist but other people in the know. Just food for thought!
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Bedrock of the Community
United States
17884 Posts |
Quote:
"If they own coins, what makes you think they DON'T own paper money? Actually they might own it. As Sap mentioned with coins you own them and can do anything to them you want and there are no laws to stop you from doing so. This is not true with the paper money. There are laws, with penalties, that forbid you from defacing it "in such a way as to make it unfit for reissue". If I decide to beat a coin up with a hammer that is just fine, but cutting up a dollar bill with a pair of scissors is technically illegal. |
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Moderator
 United States
16679 Posts |
Do we own our coins?
Answer. Quote from President Reagan:
The nine most terrifying words in the English language are: "I'm from the government, and I'm here to help."
swcoin.ecrater.com
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Valued Member
United States
58 Posts |
 That is a quote.  |
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Bedrock of the Community
United States
14454 Posts |
even though I have never thought of myself of the owner of my coins (I have always said I am just taking care of them while they are in my possession) I will do everything in my power to stop someone from walking in and taking them. So even though I know most of them will be here long after I am gone I will still protect them until someone pays me to be the next one to watch over them
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Valued Member
Philippines
386 Posts |
In my case, I always believe that we are all caretakers of coins having the opportunity of a borrowed time to own pieces of history. Borrowers, caretakers or any other description that would best fit in our hobby... Lucky for us that we are able to appreciate the presence of our collections and that matters most.
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Bedrock of the Community
United States
20753 Posts |
If the government attempted to take away all coinage, they would be as successful as with no booze like with prohibition. Gee, that worked out well.
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Moderator
United States
188440 Posts |
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Pillar of the Community
United States
1064 Posts |
Considering what I paid for the items in my small collection, I absolutely feel that I own them. If I melted every one of them, or threw them in the trash, no one on this earth would know the difference.
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Bedrock of the Community
United States
19949 Posts |
We are just holding our coins for the next collector to enjoy someday.
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Replies: 28 / Views: 2,892 |
First Page
Posted 11/11/2011 4:44 pm
