Well ...
Posted on 01/13/2017 8:50:43 AM PST by Olog-hai
The U.S. Mint has unveiled a commemorative $100 gold coin that features an image of Liberty as a black woman.
The 2017 American Liberty 225th Anniversary Gold Coin shows the woman’s head in profile with a crown of stars. […]
The mint says it’s the first in a series of 24-karat gold that will also depict Liberty in designs representing Asian-Americans, Hispanic-Americans and Indian-Americans. …
(Excerpt) Read more at hosted.ap.org ...
Isn’t any figure on a gold coin like ... gold? It seems as if an attempt to depict a particular race or ethnicity would have to rely on some sort of stereotyped features or styling ... the very things we’re not supposed to associate with any particular race or ethnicity. Right?
one ounce, .9999 pure gold - https://www.usmint.gov/pressroom/index1847.html?action=press_release&id=1847
Good question.
i looked it up: they’re one ounce coins as well.
“How much will this $100 coin cost?”
A “$50” gold coin is 1oz of gold. Spot gold is about $1200/oz , so you’re looking at $2500 at least.
Gee, that makes a lot of sense. What idiot would buy this?
BTW Is the year 1792 a reference to the French Revolution? and the “Liberty Tree”?
Well ...
When they show a muzzard I’m leaving the country.
“As long as they don’t make one with a complete face-covering burka, it’s okay with me.”
There will be a series of ‘minorities’ depicted. Maybe with Trump in that won’t happen.
I know how many stars. Still and all, a crown of stars does have specific implications.
BTW, thanks for translating “Revelation” back into Greek.
Ahh hell nahh!!
I never got the full one once.
So how, sanely, does the Mint reconcile the extreme disparity between the intrinsic value being so much higher than the face value? I know there was a must-win court case over an employer paying employees with such coins (”their pay is $50 week, so what if I pay them in $50 face-value gold coins?”), but the issue is still ripe for challenge up to SCOTUS.
At some point a government has to reconcile intrinsic-value coins with face-value denominations. Some variance is fine (other coins have a rough equivalence between face value and intrinsic value), but the orders-of-magnitude disparity expressed in gold coins is untenable.
> Well, the current gold eagle is one ounce and stamped “fifty dollars”
Why do they stamp a denomination on it at all? Just stamp the weight and be done with it.
I have no problem with the race depicted.
I do have a problem with the motivation for depiction being a relentless agitation of racial issues.
Every image on currency is there for a reason, usually of the subject being of great earned respect, or representing some aspirational ideal. Who is this woman? why is she on a coin of great value? what does she represent?
No thank you.
It also illustrates how far the government has gone in manipulating the real value of money.
A thought:
Could the President issue an EO directing the Mint to sell their coins at face value?
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