/biz/ - Business & Finance

>>56456657
My dad put one in my stocking every Christmas

That coin is cleaned, sir. It won’t fetch the numismatic value.

>>56456657
>a single gold or silver coin can be used to extinguish a debt you are alleged to owe regardless of its amount.
tell me more

>>56456952
The paper scam needs to die first.

Some recently sold examples:

>1921-D Morgan VG+
>Final Bid: $24.75
>Estimated resell value $35-$40
https://www.ebay.com/itm/256260145207

>1921-D Morgan AU
>Final Bid: $35.00
>Estimated resell value $50-$65
https://www.ebay.com/itm/404556013713

Some coins I'm watching:

>6x 1881-1922 Morgan and Peace Dollars
>Current Bid: $135 ($22.50 per coin)
https://www.ebay.com/itm/196044717900

>5x 1921 Morgan AU
>Current Bid: $5.00 ($1 per coin)
>Estimated resell value $45-$65 per coin
https://www.ebay.com/itm/126149792394

My Strategies:
>Search for coins, select auction listing type, sort by ending soonest and bid on the ones that are in your target price range. The common bidding strategy of waiting to the last few minutes is logical, but I like to bid up coins I plan to get because the ones that get the most "last second" activity tend to the ones with the lowest prices. So, I usually try to bid them up within $10 or so of my target. If I don't win, oh well, there's always more.

>Buying from occasional sellers of these coins, if they have decent feedback, as their auctions may not attract as many bids as the more prominent coin sellers.

>Bidding on coin lots can often result in a per-coin price well below what they'd sell for individually

>Condition grades like XF or better fetch prices in the high 30s to low 40s, AU coins can easily get 50-60 per even for a 1921...but that doesn't mean you should ignore lower condition grades like VG/VF, as these are consistently in the low to mid 30s.

Shhhhh

>>56456952
>>a single gold or silver coin can be used to extinguish a debt you are alleged to owe regardless of its amount.
>tell me more

You need to learn about the nature of what happened in 1933, the banking holiday, the preceding Federal Reserve Act, and the current situation.

The Organic Laws of the United States do not authorize anything other than gold or silver coin for tender in payment of debts. Legal Tender does PAY debt, it DISCHARGES debt. Discharge does not extinguish the claimed debt, it simply absolves a "legal duty" to pay the debt and passes it to someone else.

Coins that were minted according to the Coinage Act of 1792, and prior to 1933, are lawful tender. They can EXTINGUISH debt.

The paper money system is predicated upon a presumption that all businesses in the UNITED STATES are engaged in "interstate commerce" within the extended jurisdiction of Washington DC.

An alleged debt that is presented as "$26,209.52" is a fictitious number. If you tender a single silver dollar and it is refused, then you have proven that the debt is entirely made up (which it is). If you tender a single silver dollar and it is accepted as payment in full, then the debt is extinguished. For larger debts, you can tender twenty-one silver dollars to invoke Article 7 of the Constitution if they try to sue you for "non payment".

The "gold clause" prevents both the government and any person doing business in the United States from demanding payment in any particular form (31 U.S. Code § 5118).

>But business are private
No, they are entities registered under one of the 50 STATE OF ____ franchises and are subject to all laws and restrictions that apply to the government. If you are doing business as a private man or woman, you can require payment in whatever form you want...but if you are doing business as an LLC, corporation, statutory trust, or anything else that "registered" with the state, you cannot demand "cash or credit card only".

>>56456973

>>56456800
>That coin is cleaned, sir. It won’t fetch the numismatic value.

Indeed it is, but as long as people know that up front it's worth whatever they're willing to pay, and I've seen cleaned/polished coins fetch good prices.

>>56457053
This post was too much autism for me to handle, but I enjoyed reading it nonetheless

>>56456657
I was going to warn you that a lot of those morgans are fakes. But that one is in such terrible condition it might actually be real

>>56458249
>I was going to warn you that a lot of those morgans are fakes

Yeah, if someone with little or no feedback is selling coins they could be fakes, but someone with some decent history is probably not going to be selling fakes and risk their account being banned for $30...plus potential counterfeiting charges.

>>56459036
they may not know they're fake.
>counterfeiting charges
kek
where have you been the last 10 years when china sold hundreds of millions of fake morgans here? There's more fake morgans in the US than real ones.

>>56456952
>He's schizoposting outside /self/ again
They are legal tender up to their face value. Many gold coins had a face value of $25-100 which if you're dumb enough to trade in for a $100 debt sorry but that's stupid. In a hypothetical Weimar scenario then yes a single gold coin could cancel a mortgage, but the likelihood of that happening in your lifetime is slim to none. US is a net exporter of oil and can easily switch to a cdbc backed by oil or wheat or a basket of other abundant commodities we have. Gold schizos don't give the system credit for how robust it is. We add almost a trillion a month in debt and life as you know it hasn't changed. The things you need to ask are why. It's more nuanced than you'd expect for instance we essentially own Ukraine now the other breadbasket of the world. Think of it in terms of the Louisiana purchase or the Alaska purchase and how that worked out for us.
For the record I own several ounces of gold and hundreds of ounces of silver.

>>56456657
Who in their right mind buys silver?

>>56456657
If I do well with crypto this run I want like 50 of these.
>>56456700
Checked and mega based dad.

I've been thinking of getting a Peace Dollar but for coin collecting purposes and not stacking. Stacking silver is pretty stupid not gonna cap.

>>56456657
yeah $25 plus state tax if you are in one of the 45 states that charges it, and the 4.99 shipping cost. so what was the final price? about $33 for a cleaned morgan dollar common year. pretty standard then.

i usually will scour the "new listing" auctions filter everyday for morgan and peace dollars in clear AU-UNC condition - with good enough pics to tell it hasn't been cleaned. you can get lucky with smaller, lesser established sellers that many ebay users will miss and snipe an auction last second on an uncirculated, uncleaned morgan for 30~$40 sometimes even on less common years/ mints. Usually it happens with a newer seller with 0-200 feedback at most, not many followers, trying their hand at auctions. They start them low and with free shipping thinking it will get bid up to $80 like it does with a power seller. Obviously they wise up after this happens so usually you get one or two chances per these types of sellers.

good luck and happy hunting