Not if the producer can reasonably claim they were produced as collectibles. That’s what numismatic means and it’s the legal out for coin producers. If on the other hand a coin producer were to represent his coins as an alternative to the dollar he’d better start looking over his shoulder.
There are several issues here, and I’m not a lawyer, nor did I sleep in anything but my own bed last night.
The anecdote posted above about grain warehouse receipts is interesting, assuming it is true. It would seem to me that such activity would constitute the creation of a security. That it is “fractional reserve banking” may or may not be illegal, and, that may or may not be a proper definition although it sounds right. But it is definitely creating a security. And that would fall under securities laws which are rather stringent unless you happen to be a mortgage banker.
Nonsense!I’ve been collecting coins for over 40 years and have tons of these coins.Who brainwashed you of what value is when metal owners are making over 500% profits.Governments will do anything to con and fleece the sheep.