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Since the lifting of ownership restrictions of the Gold Reserve Act in 1974, individuals are free to buy, own and possess as much gold as they wish. Rule 3: Customs Duties on Gold Imports
The increase in gold reserves increased the money supply, lowering real interest rates which in turn increased investment in durable goods. A year earlier, in 1933, Executive Order 6102 had made it a criminal offense for U.S. citizens to own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins. These ...
Butler, 95 U.S. 694 (1877), establishes that the law makes no legal distinction between the values of coin and paper money used as legal tender: A coin dollar is worth no more for the purposes of tender in payment of an ordinary debt than a note dollar. The law has not made the note a standard of value any more than coin.
The same paragraph also exempted "gold coins having recognized special value to collectors of rare and unusual coins", which protected recognized gold coin collections from legal seizure. The 1934 Gold Reserve Act subsequently changed the statutory gold content of the U.S. Dollar from $20.67 to $35 an ounce. While this might be seen to some as ...
In terms of specific places to sell gold bars and/or coins, choices include the United States Gold Bureau and dealers/platforms such as Cash for Gold USA, Express Cash Gold, Worthy, Sell Your Gold ...
Although coin collecting is intended to be a fun, interesting and potentially lucrative hobby, it's also a big business -- and like any form of trade, there's always someone out there who'll try to...
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