
Originally Posted by
insidedealer
The confiscation of gold in the USA was the law, but it had little effect. Few citizens turned in their gold. Even those few who did had US gold coins to turn in, and these were and are still considered numismatic. I think perhaps it was the conversation with the bull **** salesman trying to foist French 20 franc probably rooster gold coins as a way to avoid confiscation, if it comes again. It's true, these coins are good for that purpose. But the price you pay for these coins should be reasonable, like 10% over spot, or an extra $40-50 per coin over the gold value. The problem is that these telemarketer types charge hundreds of dollars per coin extra. This is nothing new, this exact sales pitch has been around for at least 40 years.
Ironically, in 1933 the US stopped producing gold coins and gold certificate fiat paper. If held to today, the fiat paper certificate has appreciated more than the gold, much more. A nice example of a $10 or $20, gold certificate is worth over $5000.
As a collector of gold certs I can say that statement is entirely false.
Firstly, theres no such thing as a $10 gold certificate, Gold Certs are $20...$50...and $100.
I have many $20 gold certs I bought for $400 and under.
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