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Legal Tender Coins Shed Clues On Bullion Racket, Part I
...................Submitted by Bullion Bulls Canada - Written by Jeff Nielson
One of the “mysteries” of our modern (i.e. fraudulent) precious metals markets is explaining the face-value of our gold and silver minted coins, meaning relating their nominal price to their actual value. The face-value on U.S./Canadian silver 1-oz coins is $1 and $5, and the face-value for our 1-oz gold coins is $50. For those investors (including this analyst) who began using precious metals as a vehicle for wealth-protection at a relatively late date; the face-value of these coins seems totally arbitrary.
However, given the endemic nature of both the price-manipulation and brainwashing employed by the crime syndicate which rules over us (the One Bank), the choice of prices for any asset class is rarely (if ever) arbitrary. An “explanation” for the nominal face-values of these coins has materialized, albeit in a particularly circuitous manner.
We start this analysis by first looking not at the nominal face-value of our gold coins, but rather our silver coins. The reason for this is because as detailed by precious metals historian Charles Savoie (in his chronology “The Silver Stealers”), it is the banksters themselves who consider silver to be the more important of these two monetary metals.
While gold is (intentionally) the focus of greater attention in the corrupted “markets” of today, this is mostly because gold is still officially a “monetary asset” (i.e. money) – despite the cynical propaganda of the banksters which claims otherwise. Silver, on the other hand, has been effectively “demonetized” in our societies, perhaps the single most-effective strategy by the One Bank in facilitating its systemic theft of wealth.
What does it mean to “demonetize” silver? It means we stopped using it as our (real) “money”, and began using the banksters’ fake-money, i.e. our fraudulent (and now worthless) paper currencies. What have readers been told, again and again? By getting us to hold our wealth in their paper – rather than silver, the peoples’ money – this is what allows the One Bank to steal that wealth (via so-called “inflation”).
It should therefore be of no surprise to informed readers that in looking for an explanation of the nominal face-values of these legal tender coins that we look to silver, not gold, as our starting point. It was in listening to a review by precious metals analyst “Brother John” that we see/hear (at roughly the 13-minute mark) how at least one of these nominal face values is by no means arbitrary. After producing a long-term chart for the (nominal) price of silver; he made this observation while analyzing that chart:
I’m going to use the $5 [oz] price. The reason I’m going to use that $5 price is you can see it is a stable price from about mid-1970’s/early 1970’s all the way through to the early 2000’s.[emphasis mine]
That chart has not been reproduced here, because while a chart analyst such as Brother John may see a “stable price” here; the gyrations in the price of silver over that 30-year span (particularly the anomalous spike in 1980) show little obvious signs of stability to the less-experienced eye. Indeed, had a $5 price for silver seemed obvious as “a stable price” over this period, there would have been little mystery concerning the nominal face value of these coins – since for our silver coins (Maple) that face-value is $5.
But connecting the face-value of our legal tender silver coins (Silver Maples and Silver Eagles) to that (somewhat) stable $1 and $5 price is only the beginning of our explanation. Given that this banking crime syndicate can (and does) manipulate prices to any number it desires; why instruct our governments to choose $1 and $5? Why not $2, or $10?
Our full explanation comes via noting closely the time-interval previously identified by Brother John for this “stable price”: beginning in the early 1970’s. What significant (monetary) event took place in the early 1970’s? It was at that time that Richard Nixon and Paul Volcker assassinated the gold standard (it was actually Volcker who claims personal “credit”).
It was at that time that our monetary system permanently eradicated its own stability, through permanently severing the gold “backing” for our paper currencies, thus depriving all this paper of its value. Suddenly, the reason for the $1 and $5 nominal face-value on our silver legal tender coins becomes crystal clear.
Any regular reader or knowledgeable precious metals investor has heard on countless occasion that gold and silver have historically always served as “the canary in the coal mine” for our monetary system, in general, and the rate of depreciation of our currencies, in particular. Simply, rising gold/silver prices are an indicator that our currencies are losing their value. Rapidly rising gold/silver prices are an alarm siren that these currencies are rapidly losing value.
This is the primary basis for (in the case of silver in particular) 100+ years of relentless price-manipulation, meaning price-suppression. How do you prevent the “canary in the coal mine” from alerting us to (monetary) danger? You “whack” the canary, Mafia-style.
By endeavouring to permanently freeze precious metals prices (through market manipulation); the One Bank has endeavoured to create the illusion that its fraudulent paper currencies are not being rapidly/extremely debauched – through utterly insane and criminal levels of money-printing. Further understanding comes from noting when these legal tender coins came into existence, and thus when the nominal face-values for these coins was first devised.
In both Canada and the U.S.; (1-oz) legal tender minted silver coins came into existence in the mid-1980’s, and that was also the time the U.S. began minting its 1-oz gold coins. Canada’s 1-oz Gold Maples came into existence at the end of the 1970’s, but this anomaly was a response to the boycott of South Africa’s (then-apartheid) regime – which (at that time) was producing the only legal tender gold coins in the world.
What is the significance of the start-up date for minting our silver coins? It was shortly after the One Bank had managed to push gold and silver prices all the way from their 1980 peak (when the “canary” was shrieking the loudest) down to the ultra-extreme troughs we saw from the early 1980’s all the way through to today.
The rationality of the seemingly “arbitrary” $1 and $5 face-value on our silver coins is now apparent. It is one part of the strategy by the One Bank for pretending that its (worthless) paper currencies have not lost any value since the assassination of the gold standard. Indeed, it now becomes apparent that it was the fanaticism of these psychopaths with keeping the “market price” for silver equal to the phony face-value on our legal tender coins which has been the banksters’ own undoing.
The One Bank (and our governments) squandered their inventories/stockpiles of silver defending this ridiculous illusion, even though it would have been immediately obvious that such a strategy could not possibly be viable over the long term, as we have now seen, in hindsight.
The banksters’ silver inventories are gone. Their precious $1 and $5/oz “market price” for silver is now (in market terms) ancient history, to the point that for most of us the $1 and $5 nominal face-value for our coins makes no sense, whatsoever. All that remains of this Grand Strategy is the nominal face-value for these silver coins.
While the face-value of our silver coins sheds insights into the banksters’ bullion racket because that face-value is not an arbitrary number; what about the face-value for our gold coins? In Part II; we’ll look at the nominal face-value for gold coins, its significance (if any), and how looking at the two face-values togetherleads to an interesting line of reasoning.
...................Submitted by Bullion Bulls Canada - Written by Jeff Nielson
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If the point of this article was to generate new customers for Sprott, it backfired. This clown doesn't know what he's talking about at all. Eagles are $1 face value. It's almost like he's doing it on purpose, just to see if anyone is paying attention, because nobody can be this fucking stupid.
When you buy a coin, and it marked as Money, then you are buying .9999 silver with no Taxes.
Same as Gold. Imagine......No Taxes. Storing Value.
So if you cross the border with rounds or bars you won't have to deal with this fuckery?
while i totally agree with the whole thing of how the One Bank has manipulated things, it would seem that, at the end of all things and at the end of all analysis, all value of all money is psychological. that waaay too general of a platitude, and platitudes are meaningless also. so i am spiraling into a nihilistic loophole. but yet, but yet, i shall not give up hope. i shall not. as long as i keep reading the Bible and Ludwig von Mises i know i can never lose hope.
The 1 oz Silver Maple Leaf coin, first issued in 1979, is recognized as legal tender in Canada and carries a face value of $5. Royal Canadian Mint Silver Maple Leaf coins are recognized worldwide for their superior quality. These coins are composed of 99.99% pure silver and offer diversification benefits to one’s precious metals holdings. In addition, their esteemed reputation makes them a highly liquid asset and an effective store of value.
Approximate:Composition: 99.99% fine silver
Weight (g): 31.1
Diameter (mm): 38
Average thickness (mm): 3.06
Face value: 5 dollars
Image is for illustration only. Actual product may differ from image.
Image copyright Royal Canadian Mint 2012 – All rights reserved
...
Show full details Hide full details Quantity$24.62 CAD
Price today quoted online by CIBC for a $5 coin,
I deal with Cache...price at 1:49 EST $24,32 CAD for singles $23.68 CAN over 500 Maples.
was the anomalous spike of 1980 not caused, to a certain degree, by the Hunt bros. trying to corner the market? I really don't know, just asking... I only read one book - "the Big Rich" - great book!
the hunts weren't actually trying to corner the market. they neglected to roll some contracts on time , which put them in the que for delivery. they were basically trying to preserve the family oil wealth, after libya took their oil concessions.
it is illegal to cross the border with more than $10,000 in currency without declaring it. $50 dollar face value hunh
I had thought about doing a video on taking $50 gold Eagles out of the country, 200 of them or $10,000 face value or less per the reporting requirements but a current value of $240,000.
I wrote to U.S. customs on this and received a reply. They said the value of the coin needs to be declared. But the part that kept me from doing this was the $500,000 fine and/or 10 years in prison.
The FINCEN definition of currency: The coin and paper money of the United States or any other country that is (1) designated as legal tender and that (2) circulates and (3) is customarily accepted as a medium of exchange in the country of issuance.
PENALTIES: Civil and criminal penalties, including under certain circumstances a fine of not more than $500,000 and Imprisonment of not more than ten years, are provided for failure to file a report, filing a report containing a material omission or misstatement, or filing a false or fraudulent report.
https://help.cbp.gov/app/answers/detail/a_id/332/kw/10000%20dollars/sess...
http://www.fincen.gov/forms/files/fin105_cmir.pdf
Well, why do you think that the wealthy "invest" in art? They then "loan" that "art" to an "exhibition" in Switzerland. Where they rent a place to "attend" the "exhibition".
Good question!
I've wondered...
At one point a copper penny was 'worth' abount 2 cents. What value should you declare?
What if you had a $1 bill with a misprint that some would $1k for?
Crossing the border with nickels and having to declare them as 6.2 cents seems capricious and cumbersome.
What an absolute doofus!, he is ignorant to the subject to which he claims he is an authority!
1 oz. Amercan Eagle Silver has a face value of $1
1 oz. Canadian Maple Silver has a face value of $5
How will he explain that the 1oz. Australian Gold Kangaroo Coin with a face value of $100?
vs. The1 oz. Amercan Eagle Gold & 1 oz. Canadian Maple Gold at a face value of $50
I kg. silver coin asking: $2288.88 making it roughly priced at $73/oz. silver, Face value $150. Collector coin, Very pretty
No.130572
Mintage 388
Composition 99.99% pure silver
Finish proof with colour
Weight (g): 1,000
Diameter (mm) 102.1
Edge serrated
Certificate serialized
Face value 250 dollars
Artist Three Degrees Creative Group (reverse), Susanna Blunt (obverse
1/10 th oz. collector gold coin, Asking price : $278.88 making 1 oz. (coin X 10) asking price $2788.80/oz. ????? Price today of plain old ordinary Maple 1 oz. $1616.43
No.130571
Show full details Hide full details QuantityMintage 2888
Composition 99.99% pure gold
Finish specimen
Weight (g) 3.14
Diameter (mm) 16
Edge serrated
Certificate serialized
Face value 5 dollars
Artist Simon Ng (reverse), Susanna Blunt (obverse) ...
The face value of my 1 oz. Gold Maples are $200.
My torch knows no face value and doesn't care what picture is on it.
Yeah, it's denial.
On a related note, from my reading of the history of money, paper notes should be backed by only one of silver or gold and the other should float. Any attempt to have a note backed by gold and silver at a consistent ratio like 10:1 (that is I can exchange a $50 note for 1 oz of gold or 10 oz of silver) seems to be a bad idea as the ratio of free market (you'll have to imagine this today) value of gold and silver will tend to be around 10:1 but not perfectly 10:1. The imperfection will obviously cause a bias in the exchange. Of course, the gold window has been closed for over 40 years so this is all academic.
Historically the ratio has been 16:1.
The US has a long and somewhat controversial history of bimettalism, and until 1913 or so it worked more or less effectively, if not perfectly.
I categorically reject any person who can manage only one goal at a time, regarding money, economics, or business. Anyone who ran a lemonade stand can move past monomanagement.
Pinning a note to two moving targets, and gold and silver are moving targets based on industrial demand, production, and consumer demand, doesn't work. It doesn't have anything to do with managing. Back the note at a constant to one of the metals, it can be converted to the other based on the current free market exchange rate between the metals. If you try both, can exchange for both silver and gold at a constant ratio, it is inevitable that one will disappear and the other will be prevalent based on how far off any managed ratio is from the market ratio.
Jim Rogers tells the truth.....
https://www.youtube.com/watch?v=ZCJBqxMlNNg
Am I crazy or is the face value of an American Silver Eagle coin actually $1, and not the $5 mentioned in this article?
If so, how much can this guy know about silver if he doesn't know that?
Author must be a Canadien who has never seen a silver eagle.
Major error: face value of a US silver eagle coin is one dollar.
Seriously, are details unimportant to anyone anymore?
No shit! I was wondering what coin he's talking about, because the SAE is $1. is there another one we don't know about? WTF?
Details are important, and Sprott's credibility just notched lower for me.
The guy doesn't have an (unpaid) intern on staff to go online and look at a picture of an Eagle? Really?
This article is pure, unintelligible nonsense. Here is a better explanation.
https://www.youtube.com/watch?v=ZpKcqraRdfs
Some discussion about how Bullion fits into this would also be useful. It is just oz's in bullion.
So does that one see any difference between pricing of coins or bullion??
The One Bank. LOL. There's a Rothschild meme I can get on board with.
The collapse of Ruble vs USD is less than $40 Silver vs USD,
An article extoling the stable value of silver based money is nonsense.
Of course thee was no chart. It would be impossible to look at it for the last 50 years and support a case for stability. There would be no problem in dealing with dividend compounding.
You obviously just don't get it, do you.
"An article extoling the stable value of silver based money is nonsense.
Of course thee was no chart."
When reading Jeff Nielson, it's always best to read the original on Bullion Bulls, as he links to his sources.
Brother John - 13 minute mark
I often wondered if the face value of bullion coins would be linked to a future buy-back by the guberment if they outlaw holding PMs, otherwise why even bother to put a face value on them?
The face value is always (since before the Roman Empire) priced bullion coinage below any anticipated price fluctuation of the bullion melt value so as to discourage arbitrage and destruction of the monetary base. When they fuck up you get situations like the Sveriges Riksbank in the 17th century, subsidizing copper speculation at the same time they were trying to protect the value of their currency and (ironically) introduce standard denominations for paper banknotes.
I can't believe people would trust their money to an outfit like Sprott when they write conspiracy nonsense like this, but I guess someone needs to one up PT Barnum.
The face value is only there to establish that your bullion coins were produced by an "official" mint. That is why we cannot buy rounds with a face value even though they contain the same amount of silver (or gold) as official issues. That face value will aid the public in recognition even though it will be meaningless for valuation.
Not all official mint bullion product has a face value. The Mexican libertads are a good example.
The face value (or other official symbols) has nothing to do with any claim of ownership on behalf of the gov't. The coins are your property. They may be melted for their content without fear of prosecution though some jurisdictions may prosecute for defacing the coins.
Those who say the gov't has a claim to them are fear mongering. Having said that, your (or almost any gov't) can seize your wife and kids and sell them as sex slaves to the Israelis and you will have no recourse. My point is that gov'ts do what they want in spite of any legal protections citizens think they have.
I thought the exact same thing, and that might have been what they intended 'back then'. However, when the system finally collapses this time, the West will not be setting the price of precious metals.
"The West" will not be setting the price of precious metals in the very near future,collapse or no collapse. "Paper" Gold and Silver control price for now. However, soon it will be the Physical determining price. That's just how I see it.
My wife always says: yeah, how soon?
My wife always says: yeah, how soon?
This is a 1 oz coin they are now trying to sell for $100 ??????
Royal Canadian Mint $100 for $100 Silver Coin Features Bald Eaglehttp://news.coinupdate.com/royal-canadian-mint-silver-coin-features-bald...
Farm out. Order them from Canada and get them cheap. I ordered all I could, they have a max lmt amt on buys.
In similar news, you can buy a 55" SUPER DUPER ULTRA HD TV [& pay $2,000 more for the DUPER on it, even though no known networks broadcast in ULTRA HD, nevermind DUPER].
Hey, that's last year's model. I can get you this year's ULTRA for only $4K more.
IM me!
Over the long term, and unlike silver, that TV will hold onto its value and appreciate as an accumulated wealth that you can pass down through the generations in your family.
No, thanks.