To: Harmless Teddy Bear
So were coin collections.
They kept that bit in the very fine print. The extra large print read something like $10,00in 0 FINE/10 YEARS IN PRISON. So most people, who weren’t coin collectors, turned their quite-collectable coins. Word in my family was that gold coins were often gifts on special occasions which were kept and cherished like jewelry, only to be spent in a time of crisis. So grandma took her double eagle and got a nice, crisp $20 Federal Reserve Note in exchange.
And if you had a roll or two of quarter eagles ($2.50) and dates matched, that was viewed as evidence of hoarding as opposed to collecting.
47 posted on
06/14/2019 1:03:42 PM PDT by
hanamizu
To: hanamizu
Yeah, a lot of collectible coins that were perfectly legal went into the pot.
FDR just wanted to change the down turn to a full on depression so he could seize more power for the Alphabets.
48 posted on
06/14/2019 1:10:46 PM PDT by
Harmless Teddy Bear
(Human beings don't behave rationally. We rationalize our behavior.)
To: hanamizu
$10,000 fine is equivalent to $625,000 at today’s gold price.
Guess they were serious about “gold hoarding”! So serious, they confiscated 20,000 tons of it from the American people, and then put it all inside a vault at Ft. Knox.
Presumably, that’s not “hoarding”.
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