If both parties know the $1 coin is worth $200, then the IRS is right and the parties are guilty of tax evasion. What if the payment was made with a piece of antique furniture with $200 but bearing a $1 price tag? Pretty clear in that case.
But, since the coin is legal tender, the situation is not so clear. I would like to hear a legal opinion on that.
I like the idea of reporting my income on the basis of the real value of the fiat currency. Also, I would like to know where to get some of those gold coins at face value.
Sorry, no such thing exists..
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Send treats to the troops...
Great because you did it!
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