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Robb

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  1. That must have taken a fair amount of time: 126 million citizens and no computers in the middle of the Depression ๐Ÿ˜‰ I'm guessing not all the gold was confiscated. For example, each citizen could keep 5 oz of gold. With 126 million people that means that 630 million ounces of gold were exempt and were not required to be turned in. That is why there is no shortage of pre '33 gold for sale...I guessing some citizens kept a few ounces more ๐Ÿ˜‰ Numismatic coins were also exempt. Gold jewelry was exempt. Each dentist could keep up to 100 oz of gold. All gold in manufacturing was exempt. As a result, there were literally tons and tons of gold held buy U.S. private citizens even during the period of 'confiscation' . It does make the story seem less dramatic though ๐Ÿ˜‰ It appears as though only one (1) person was actually arrested and tried for violating FDR's Executive Order 6102 and he was eventually acquitted. The vast majority of enforcement was directed not to individual citizens (there was really no way to track in 1933 during the great depression years) but enforcement was directed to gold distributors and dealers A Swiss company tried to hide over 500,000 ounces, was caught and prosecuted. One dealer tried to grab his 5,000 ounces out of the bank and the bank reported it. He lost all of it and was prosecuted. There is a lesson in there somewhere I'm sure ๐Ÿ˜‰ The point is that individual gold holders were not searched and tracked for their gold. There was plenty of voluntary compliance to the Executive Order and those that turned in their gold were compensated for it. Of course, a year later the United States pegged the price at $35/oz up from the $22/oz they paid for all the gold that was turned in ๐Ÿ˜‰
  2. It worked in New England...right around 1776 ๐Ÿ˜‰ To the OP: If truly paranoid, just melt it into jewelry. Problem solved ๐Ÿ˜‰
  3. What is more worrisome to me isn't buying a fake, as Paypal and Ebay will cover you there. What I find most often are sellers advertising "proof" coins (I'm talking about silver Kookaburras specifically) which aren't proofs. Many sellers seem to think that if a coin is shiny with a mirror field it must be a proof, and are unaware of the differences between a business strike and a proof strike. I'm not taking about BU strikes that are advertised as Proof-like, that is an accepted grade for a business strike on a bullion coin. I'm talking about the sellers advertising a silver 1993 Proof 10 oz Kookaburra (mintage 1,495) and what they really have is a silver 1993 Kookaburra 10 oz common bullion coin (mintage 10,160) Many sellers also don't realize the bullion and proof strikes of the same year/same denomination Kookaburra typically have different designs. Every single time I search Ebay for proof Kooks there are bullion coins incorrectly being sold as "proofs". If you are not well-versed in Kooks and their proofs it is very easy to get taken and not even know it.
  4. July 4th and gold closes at 1776... That would be something ๐Ÿ˜‰
  5. I'm a premium hunter that buys fractional. 1/10, 1/4, and 1/2 ounce gold (coins only, no bars) typically bought for similar or same premium as a full oz. I log every purchase, including the spot price/date/price paid and find that with patience, I can get some very good deals. I don't have any 1 oz gold but do have some of those hockey puck sized 50 Peso restrikes ๐Ÿ˜‰ Been looking for a Peru 100 Sols to add to the "big gold coin" collection..
  6. In 2016 Apple recovered 1,000 kilos of gold, $6.4 million USD worth of copper, and $3.2 million USD of aluminum from their recycling efforts. They happily show up once a year and take all our e-waste for no charge: Monitors, keyboards, mice, networking equipment, computers, phones, anything electronic. Previously, we had to pay to for the removal and it became quite expensive.
  7. Buy a roll....about $1.50-1.60 each including shipping. Singles are selling for about $1.75 but the shipping makes it a stupid buy. Look at Sold prices, not Buy prices
  8. Constitutional silver is no more recognized than any other silver. John Q. Public has no idea the difference between a 1964 dime and 2020 dime. Same with the quarters. I would say that constitutional fractional silver is widely recognized by those that recognize constitutional fractional silver and leave it at that ๐Ÿ˜‰
  9. The white paper only talks about the refining process. That is but one step in a very complex chain that begins with the end user when the product that contains the gold reaches it EOL. The steps needed to get a classroom computer from say, a Cleveland, Ohio school district to a PCB gold refiner in Canada and eventually to a manufacturer (either coin/bullion/jewelry or electronic/industrial ) has to be included in any economic calculus. The white paper can't (and doesn't) address those factors, which you would need to know in order to determine if the entire process (not just the reclamation) would be profitable. Collecting the billions upon billions of PCBs and CPUs for recycling would take intervention and cooperation on a global scale that the planet has never seen. There are over 1 billion smart phones sold each year. Couple of hundred million other electronic devices...You would need a lot of drop off bins scattered around the planet to collect them all ๐Ÿ˜‰ If you were to recycle even 1/2 of those billions of devices and extract ALL the gold out of them you would have a lump of the shiny yellow stuff equal to about 5% of production. Is that 5 percent enough to move a market? A market that is controlled by "them" ?? A market that really only exists for jewelry/coins/bullion? I don't think I would worry about it in our lifetime....
  10. Gold has very little intrinsic value. By far (over 75%) of gold is used to make bracelets and other jewelry or to mint coins and bullion. Nothing special about those two markets at all. There isn't a lot of gold that is "essential". Only about 9 precent of the gold is used in production of electronics. I think the entire industrial sector of gold amounts to only about 16 percent of production. Copper by contrast is almost 100 percent utilized by various industrial sectors and can be considered to have true intrinsic value. Given the limited uses of gold as an industrial metal and the amount already sitting above ground, I don't think recycling from scrap is economical at this time. Note that scrap high grade electronics are some of the richest gold ore on the planet. Eventually someone will probably figure out a way to extract it without all the dire health and environmental risks associated with the current processes . If the price per troy oz stays under $2,000 USD then it might take decades , if the price is $5,000 oz it might make sense to start extracting from scrap tomorrow. Who knows? It is all a gamble.
  11. That is very good advice! Doing so also creates a paper trail (email trail?) that can be referenced if there are questions as to the seller's description of the coin. Ebay's (and PayPal's) buyer protection plans are the best, and together with my Sigma Metalytics tester I sleep very well at night ๐Ÿ˜‰
  12. Well, since fake gold isn't gold, it wouldn't be excluded. Pretty much anything that has an "equivalent to cash" is excluded. Since fake gold has no "equivalent to cash" you DO have buyer protection through both Ebay and PayPal. Again, the buyer has all the protection. The seller? Zero. Paypal offers no "seller protection" for Gold bullion. Our PayPal Seller Protection program does not cover: Claims or Chargebacks for Significantly Not as Described. Items that you deliver or are picked up in person, including at a point of sale. Digital goods and licenses for digital content. Items equivalent to cash (including, without limitation, gift cards or vouchers). Gold Bullion.
  13. Depends if you are selling or buying. If selling you can be swindled fairly easily. If buying and you use PayPal you have the best protection on the Planet. I've never heard of buyer losing $$ put plenty of sellers have been scammed.
  14. Read those two sentences you wrote. I think you will find your answer as to whether or not buying them would be good move hidden somewhere in there ๐Ÿ˜‰
  15. I presume these are licensed? If not, you might want to advertise these as a likeness to your Uncle Bob and not Han Solo from Star Wars ๐Ÿ˜‰ Lucasfilm and Disney protect their intellectual property and whoever wants to make anything based on Star Wars needs a licensing agreement.
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