On Saturday, August 9, 2003, at 12:37 PM, Robert S.Z. wrote:
Whoever, except as authorized by law, makes or utters or passes, or
attempts to utter or pass, any coins of gold or silver or other metal,
or alloys of metals, intended for use as current money...
It appears to me that this rule is specifically forbidding to counterfeit
existing coins to be used for money.
So, it doesn't really forbid you to make your own coins ys long as they
don't resemble existing coins and you do not claim them to be legal
tender.
Incorrect. I admire your optimism, but you are practicing selective reading. The law clearly says "OR OF ORIGINAL DESIGN."
Also, in case I'm wrong, you can make medals, tokens, chits, etc.? If so, you could use tokens as a means of exchange.
A token is a "coin" made of an "other metal" that is "of original design" and is "intended for use as current money." As such, it is a flagrant violation of Sec. 486.
After all, Liberty Dollars are struck in Gold and Silver and despite
widely publiciced attempts, they seem to be getting no problems from that
side, at least?
Again, Norfed claim that the Treasury gave them a thumbs up opinion on their project. Yet as far as I can tell, though I am not a lawyer, the project is illegal. Therefore I can only assume that the Treasury wants to play out a little rope to see how far this dog will roam before jerking it back.
In the end, why bother making your own, if you can just get e-gold instead?
E-gold is not an instrument for anonymous hand-to-hand exchanges of value. E-gold servers and accounts are vulnerable to monitoring and confiscation. E-gold credits are not physical objects of value in themselves, nor are they widely and immediately redeemable for objects of value without relying on a shipping network under the control of authoritarians.
-- Patrick
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