1 Gram .9999 Fine Pure Gold Bar, W/Copy of 1933 Gold Confiscation Order

Description: Normal 0 false false false EN-US X-NONE X-NONE You will receive one of the 1 gram gold bars listed in the picture.Government Confiscation of Gold: Understanding the FactsMany investors have heard that the U.S. government confiscated the public's gold years ago. Is it true? Is it a rumor? Could it happen again? This is an issue that comes up time and again with gold investors. Rather than speculate, we believe it's best to consider the facts. Below is a timeline that explains exactly what happened and, more importantly, how today's investors should react and what they can do to make sure they're prepared, in case it happens again.May 1, 1933 – President Roosevelt's Executive Order 6102 required U.S. citizens to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of the order was punishable by fine up to $10,000 ($167,700 if adjusted for inflation as of 2010) or up to ten years in prison, or both. An exception to the order was listed in section 2 (b) “Gold coin and gold certificates in an amount not exceeding in the aggregate $100 belonging to any one person; and gold coins having a recognized special value to collectors of rare and unusual coins.”Jan 30, 1934 -- The Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury and changed the value of the dollar in gold from $20.67 to $35 per ounce.1954 - In 1954 the Treasury Department amended the Gold Regulations of the original Executive Order to enable the continuance of the exemption of rare coins from the gold confiscation provisions, and they expanded the definition of "coins" with a recognized special value to collectors of rare and unusual coins to include "gold coin made prior to April 5th, 1933 (Federal Register 4309, 4312 1954, as codified in 31 CFR Section 54.20)Aug 15, 1971 - The price of gold remained fixed from Jan 30, 1934 until August 15, 1971, when President Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus abandoning the gold standard for foreign exchange.Dec 31, 1974 - On December 31, 1974, with Executive Order 11825, President Gerald Ford repealed the Executive Order that Roosevelt used to call in gold in 1933. This was necessary because on the same day Congress restored Americans' right to own gold. The limitation on gold ownership in the U.S. was repealed after President Ford signed a bill legalizing private ownership of gold coins, bars and certificates by an act of Congress codified in Pub. L 93-373 which went into effect December 31, 1974. P.L. 93-373 did not repeal the Gold Repeal Joint Resolution, which made unlawful any contracts that specified payment in a fixed amount of money or a fixed amount of gold. That is, contracts remained unenforceable if they used gold monetarily rather than as a commodity of trade.Oct 28, 1977 - 1977 Congress removed the president's authority to regulate gold transactions during a period of national emergency other than war. However, the Act of Oct. 28, 1977, Pub. L. No. 95-147, § 4(c), 91 Stat. 1227, 1229 (originally codified at 31 U.S.C. § 463 note, recodified as amended at 31 U.S.C. § 5118(d)(2)) amended the 1933 Joint Resolution and made it clear that parties could again include so-called gold clauses in contracts formed after 1977.Dec 17, 1985 – President Reagan signed into law the Gold Bullion Coin act which allowed the US Mint to produce gold coins from “newly mined domestic sources”. Gold American Eagles went on to become one of the most well known gold coins.Gold Confiscation in the Future…So the question remains; could it happen again? Who knows? Of course it is possible; it has been done before and governments in times of stress simply change the laws. As you can see above, gold bullion was forced to be sold to the government in 1933. Then in 1974, that executive order was repealed. Furthermore, in 1977, Congress removed the president’s authority to regulate gold except during a national emergency of war.It is true that numismatic collector type coins were excluded in the 1933 confiscation. Whether or not they will again be excluded in any future confiscation is completely unknown. There is a logical thought process for excluding collector coins, in that the government was trying to obtain monetary control of gold bullion. The government had no interest in rare and unusual coins of special value to collectors. However, what the government has done in the past is not necessarily indicative of what they will do in the future.Bottom line – Confiscation did happen. It was repealed, but it could happen again in the future. Laws can and do change.Since a picture is worth a thousand words take a close look at the high quality image we posted. If you want more information just reach out and contact us. We love to talk numismatics. We have given considerable thought to our pricing and hope that you will decide it meets all the requirements of a fair deal. We will consider offers but please understand we are a full service firm with over 30 years in the business and we are not desperate for money. We offer our products to the market based on many factors that constitute an equitable deal for both buyer and seller. We are not "some person" selling dads collection, or a part time dealer who is here today and gone tomorrow. If we are still breathing in twenty years you will find us right here in downtown Minneapolis, in the property that we purchased and have called home for over 32 years. Most successful offers are accompanied by good rationale. Thank you for considering a purchase with Premium Quality Coin. We will always do our best to make sure that all products are accurately represented. If you ever have any questions we are here to help. simply reach out and let us know your concern or question. We like to help. Return Policy: Of course we will work with you. At Premium Quality Coin our goal is keep you as one of our many happy customers. In our thirty five years of running our business we understand the importance of feeling secure in making your purchase online. If you order from PQCoin, be confident that you are dealing with a company that will make sure your transaction meets your expectations in every way. Do not be concerned about whether you like your item before you actually get it in your hands, because we offer you a full no questions asked return on any item that you purchase from PQCoin. When you get your item, inspect it carefully and if you do not feel the excitement of owning it simply ship it back to us within three business days of receipt and we will issue you a full refund. Please remember that we are careful to make accurate listings and provide good images so that you will get a product that meets your expectations, but we do understand that sometimes we make mistakes. Order with 100% confidence. We are here to help. Thank you. Premium Quality Coin Since 1985 Minnesota's Premier Rare Coin Professional "Your one stop coin shop” Premium Quality Coin is your rare coin professional, and always your best choice when buying, selling or appraising rare coins, and bullion items. For 30 years Premium Quality Coin has been Minnesota’s one stop coin and bullion shop. As one of the longest established licensed, bonded, and insured rare coin professionals in the twin cities we now offer to transact all our deals in our 1700 square foot retail showroom in downtown Mpls. With state of the art coin location service, a large inventory of collectable and bullion items, A well-seasoned numismatist on site every weekday, and plenty of free advice on the value of your coins, Premium Quality Coin ranks as Minnesota’s Premier Coin and Bullion marketplace. We are a well-established numismatic firm with deep ties to the financial institutions in the twin cities, and are always interested in making it easier to get you quotes on buying, selling or appraising all your gold, silver, platinum, palladium or numismatic treasures. We offer a full range of services from an outright purchase of your bullion or rare coin items, to appraisals for estates, personal collections or inheritances. Visit the store weekdays from 9:30-5pm. It is convenient to all freeways, with plenty of parking nearby. PQCoin is a trustworthy corporation that has been doing business in Minneapolis since 1985. Over that time we have accumulated solid financial resources and cultivated a vast extended clientele that most likely will include at least one of your trusted advisers (friend, family, banker, financial planner, financial adviser, accountant, attorney, estate planner, etc). To get our current buy prices, please visit our quote page and submit your request. We look forward to providing you with the best customer service in the twin cities. WHO IS PREMIUM QUALITY COIN LLC? Premium Quality Coin llc is a professional rare coin and bullion firm located in the crossing building in downtown Mpls. We have been assisting collectors and investor with the purchase and sale of gold and silver and rare coin collections since 1985. We are one of a select group of authorized bullion dealers from the US Mint. We meet all the strict requirements to hold a Minnesota State Bullion Dealer license, and we have been licensed, bonded, and insured as a full time rare coin and bullion dealer in Minneapolis for over 28 years. We hold many awards, and have maintained one of the finest, full service, retail coin and bullion stores in the entire state of Minnesota, for over 25 years. WHY CHOOSE TO DO BUSINESS WITH PREMIUM QUALITY COIN LLC? We are one of the longest established trusted advisors for rare coins and bullion transactions in the twin cities. Since 1985 PQ Coin has helped professional service firms like Attorneys, Banks, Financial planners, Investment advisors, Estate professionals, and collectors and people just like you, determine the proper acquisition or liquidation price of all tangible hard asset personal property items associated with gold, silver, platinum, palladium, rhodium, and rare coins from the United States and around the world. We work on an hourly basis or a flat fee and are always available by phone or email to provide free advice and accurate evaluations of any and all money related tangible properties. We are up front about prices and are able to quote buy / sell prices right over the phone or through email. WHAT MAKES PREMIUM QUALITY COIN DIFFERENT? Unlike other companies, when you deal with Premium Quality Coin you deal directly with the owner. Throughout the 30 year history of buying and selling precious metals and rare coins, PQ Coin has maintained a close and personal connection to its customers. There are no sales people, no clerks, no assistants; just the owner. Bill Himmelwright is a professional numismatist who answers every phone call, inspects every collection, provides all the expertise, and takes all the responsibility for the years of honesty, integrity, and reliability and professional service that has become synonymous with Premium Quality Coins reputation. Bill takes great pride in providing this service and continues to expand his knowledge of the market every single day. There is nearly nothing that he has not seen or bought and sold. If you think you have something interesting and cannot figure it out call pqcoin and give us a try. BUYING/SELLING: - Gold - Silver - Platinum - Rare Coins - Diamonds - Paper Money - World Coins Thank you and we hope to see you soon! Premium Quality Coin llc Your one stop coin shop

Price: 94 USD

Location: Minneapolis, Minnesota

End Time: 2023-12-12T21:22:50.000Z

Shipping Cost: 0 USD