Can my company sell genuine U.S. coins on the aftermarket? What are the required steps in the custom embossing process? Our investigation, which included a secret scenario, revealed that NORFED in Idaho had entered into a contract to strike free dollars worth about $7 million. The organization also took customer orders and payments for Liberty Dollars and held “Liberty Dollar University” sessions to educate those interested in selling, buying, or using currency. There was even a Liberty dollar website. “The reason why Messrs. Wass, Molitor & Co. have adopted the .880 standard is that this is approximately the average fineness of California gold, and furthermore, because the cost of refining California gold to the United States standard is extremely high and the necessary chemicals cannot be extracted in this country. But it is recalled that the difference is more than compensated by the increased weight of 4.9 grains, which everyone can try for themselves on a scale. These coins are exchanged on presentation in funds received by customs and banks. The high reputation of honour and integrity enjoyed by Earl Wass and his employees in this endeavour is a further guarantee that every statement they make will be strictly adhered to.
The audience will be happy to have a play they can trust and that can`t devalue in their hands. The main bankers also support and promote this issue and will receive it on deposits. 6 In 1864, private minting of money was prohibited by an act of Congress. Today, the ban on private coins, the dubious legality of gold contracts, and the legal tender of the federal government ensure a legal monopoly on silver and prevent buyers and sellers from freely choosing mutually acceptable means of exchange. According to 18 U.S. ยง 486, the production or distribution of metal coins “intended for use as common currency, whether in the image of coins of the United States or other countries or with an original design.” Yes. However, your business may need permission from the U.S. government if the U.S.
government holds a copyright to the design of the coin. Also keep in mind that there is a violation of 18 U.S.C. Section 331 to alter a U.S. or foreign coin with intent to defraud. The U.S. Mint cannot interpret such criminal laws that fall under the jurisdiction of the U.S. Department of Justice. Companies should consult with their lawyers and carefully evaluate the products, packaging and advertising they offer to ensure that they are not violating this criminal code. “The very serious inconvenience to which the people of California have been subjected by the absence of a [federal] currency and the flood of bulky snails issued by the United States Bureau of Testing have imperatively demanded an increase in the number of small coins. The well-known and highly respected company Wass, Molitor & Co. came forward in this emergency situation and is now issuing a $5 coin to cover the necessities of the trade. The year 1933 was the fourth and generally the worst year of the Great Depression.
One of the factors that made the depression so severe was that thousands of banks collapsed, that is, went bankrupt and wiped out their depositors` savings. At that time, there was no insurance for bank deposits. If your bank failed, all your money was gone. “As exciting as the design process is, nothing beats the moment you finally see the finished part. The artwork takes on a whole new dimension when you see it spinning in your hand and twinkling in the light,” says Roger Vasquez, Head of Design. Between 1860 and 1862, Clark, Gruber & Co. was engaged in the production of its own coins from its Denver coinage. Here, too, the demand for a means of circulation was met by private funds before the government could act. Clark, Gruber coins were of high quality and always matched or exceeded the value of gold bars of similar American coins.
In less than two years, this company has minted coins worth about three million dollars. Their currency promised to surpass the government`s own output, and to get rid of them, the government bought them in 1863 for $25,000. Bechtler coins were accepted and passed on at face value throughout western North Carolina, South Carolina, western Tennessee, Kentucky, and parts of Virginia. One of the country`s oldest citizens once told the writer that he was 16 years old before he had ever seen a play other than the Bechtlers. The coins met a long-standing need for cash and continued to circulate long after the Mint closed in 1847. At the beginning of the war between the states, the new confederacy began issuing coins, but did not issue any cash.
