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 Replies: 10 / Views: 1,620 |
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Valued Member
United States
264 Posts |
I like Lakota gold and silver... dare I even call it bullion?  What do you think of this?   Edited by rgathright
08/07/2012 8:58 pm
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Pillar of the Community
United States
808 Posts |
I've not bought any of the Lakota AOCS coins but I did buy a Ron Paul silver proof round that I believe came from the same private mint. They are very high quality coins and they absolutely qualify as bullion in every sense of the word.
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Pillar of the Community
United States
1454 Posts |
 This one, CW? Or is it the more valuable one from Norfed? I also have a coin from the Native American Nations that I've always liked. It's considered real coinage on the rez.   |
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Pillar of the Community
Mexico
1304 Posts |
Huh, I lived near some reservations in the past and never knew they had minted money like that. Thanks for sharing!
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Pillar of the Community
United States
808 Posts |
@traevin - Heh! That's a topic all on it's own. I very much wanted one of the Norfed Ron Paul silver rounds for the collection. However, after doing a little research I decided to steer clear of all of the Norfed rounds due to the potential legal liability if my family ever needed to sell my collection.
Mine is the newer silver proof that Provident Metals had made up not too long ago.
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Pillar of the Community
United States
1454 Posts |
CW, Oh, right. I completely forgot about the Provident release. I don't have one of those, yet. It's just as well that you're not getting the Norfed RP. Have you seen the prices of those, lately!? The last auction I remember bidding on went for $150+. Needless to say, I wasn't the high bidder. Re: any potential legal issue, I honestly never considered it, perhaps much to my dissatisfaction? There isn't a bounty out on Norfed coins, I hope? Norfeds are still selling fairly briskly on ebay. I only have four or five in my modest collection and I'd sincerely like to keep them; but if guys in black masks kick in my door and wave SMGs in my face while I'm attempting to recover from the affects of a concussion grenade or two, I'll gladly hand them over. |
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Pillar of the Community
United States
808 Posts |
Not to completely hijack this thread (sorry OP!) but here's a quote from a discussion over on the cointalk forum that got my attention:
"2) It's legal to possess the Liberty Dollar rounds, with caveat. If you own the coins as collectibles, then you're fine. The FBI was very clear on that. However, if you sell the rounds as collectibles, you are on very thin ice. Why? Well, with the caveat that he wasn't providing legal advice, the agent indicated that you don't know final intent. So, if a buyer decided to use the round as currency, you would be liable for distribution with the intent to defraud (US Title Code 18, Sec 491)."
The last thing I'd want would be for my family to hold a future estate sale that lands them in trouble with the feds.
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Pillar of the Community
United States
1454 Posts |
Gotcha, CW. I guess the followup question would be, how would a potential buyer go about using a Norfed for currency? People would have a difficult time trying to pass off an ASE for a purchase w/out a few raised eyebrows, let alone a token that's stamped right on the reverse that it isn't US currency. Good luck making that stick, FBI. How can a seller predict intent, anyway? That's truly a slippery slope. Will the government start going after Walmart workers because they sold bullets to a mass murderer? Sorry, rgathright. But remember, CW started it by bringing up RP.  |
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Valued Member
 United States
264 Posts |
@traevin, No problem. You mentioned Ron Paul in a topic about freedom. |
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Pillar of the Community
United States
808 Posts |
Quote:
But remember, CW started it by bringing up RP. Me? Stir up trouble? Meh. What can I say? It's a gift.  The Lakota and AOSC coins in general are very interesting. Over the years various companies and organizations have minted coins that commemorate a broad range of social/political views and issues. Anyone interested can check out the AOCS Mint to see some of the current AOCS offerings out there. Also, there's the American Open Currency Standard web site that has a more complete listing of approved coins produced over the years. If you plan to buy, I recommend shopping around. The premiums on the more popular issues can be a little steep. |
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Pillar of the Community
United States
4008 Posts |
Quote:
Well, with the caveat that he wasn't providing legal advice, the agent indicated that you don't know final intent. Do any of us EVER know "final intent"? How about when we sell a car or a gun? Either of these COULD be used improperly, such as to commit a crime of some kind, and we would have no foreknowledge of that whatsoever. We should also have no legal jeopardy as well. We are not mind readers so should not suffer the consequences of not being mind readers! |
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Replies: 10 / Views: 1,620 |
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Posted 08/08/2012 03:47 am
