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The New Dollar

by Edgar J.
Steele

December 14,
2007

"There is no means of avoiding the final collapse
of a boom brought about by credit (debt) expansion. The alternative is only
whether the crisis should come sooner as the result of a voluntary abandonment
of further credit (debt) expansion, or later as a final and total catastrophe of
the currency system involved."
--- Ludwig von Mises, Human
Action (1949)

"I believe that
banking institutions are more dangerous to our liberties
than standing armies. If the American people ever allow private banks to control
the issue of their money, first by inflation and then by deflation, the banks
and corporations that will grow up around them, will deprive the people of their
property until their children will wake up homeless on the continent their
fathers conquered. The issuing power should be taken from the banks and restored
to the people, to whom it properly belongs."
--- Thomas
Jefferson, letter to the Secretary of the Treasury Albert Gallatin
(1802)

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My name is Edgar J.
Steele.

Say hello today to the New Dollar (ND), an
all-new currency that all Americans can employ right now, in lieu
of using doomed Federal Reserve Notes (FRNs).

The New Dollar does not entail egregious
profits going to individuals.  Nor does it require any new distribution
network.  Nor does it carry any special overhead or minting charges; just a
small commission for acquiring it from existing suppliers, spread throughout
America, all of whom have a plentiful inventory right now.

What's more, we can use the New Dollar
forthrightly, without fear of doing anything illegal, as it is legal
tender right now, without any special edict from government.

At a time when hyperinflation finally is
being mentioned openly in mainstream financial publications, the New Dollar
is both inflation proof and self-regulating in terms of its own inherent
value.

The New Dollar does not require the
assistance or, even, the existence of The Federal Reserve Bank (which in
fact is private, not Federal, has no reserves and is not
even really a bank).

And here's the kicker:  The New Dollar
arguably has the potential for saving us tons in both sales and income
taxes.

Sound too good to be true?  I don't
think so, but you be the judge.

First, a little background,
however:

BernieBucks - A Path
that Might Lead to Jail

The reaction to my recent rant about BernieBucks
surprised me by producing virtually 100% agreement from hundreds of people, with
only two list members chastising me for not embracing Mr. Von NotHaus and only
one of those two souls grimly holding onto the belief that the Liberty Dollar is
a good thing.  I expected a firestorm that never came.  A handful
silently unsubscribed, but a much larger group subscribed, as happens every time
I write about something controversial, which is almost every time I write, of
course.

Incidentally, for those few remaining hardy
souls who think that good ol' Bernie hasn't been profiting from an intentional
deception and endangering those who buy into his MLM scheme, please watch the
following video, produced by Bernie as a demonstration of how one goes about
passing BernieBucks for fun and profit:

http://www.youtube.com/watch?v=dflWJlbkdFc

Note well that Bernie gets merchant clerks
to accept his Liberty Dollar by boldly stating to them only:  "This is
the new ten-dollar silver piece."  That, boys and girls, is what is
known as passing counterfeit money and it is a federal crime.  I
expect this video to be Exhibit A at the trial Bernie himself anticipates when
he says he fears arrest any moment.  Now, somehow, I just know that none of
you would be foolish enough either to attempt palming off BernieBucks in this
fashion or, even, to advocate that others do so, right?  Good - I
didn't think so.

So, Suggest Something
Better, Bozo

I was surprised, also, that nobody came to
me in response to BernieBucks,
with the natural follow-up to one who criticizes:  be constructive and
suggest something better.

Honestly, I hate writing things like BernieBucks,
wherein I lay into someone who arguably is one of us, but I felt compelled
to do so in view of the danger to Dr. Paul's presidential bid that I see
presented by Bernard Von NotHaus' having presumed to mint, without permission,
Dr. Paul's image onto a coin which, if it is not itself illegal because it bears
a dollar denomination, certainly was about to be circulated illegally.  In
a demonstration of his true Presidential demeanor, Dr. Paul graciously described
the coin's distribution as an "act of civil disobedience."

Rather than make up the email I mentioned
and then simply pretend I received it, I will pose the question myself and then
answer it: What's better than BernieBucks?

What's better is something legitimate,
legal tender, low cost, inflation proof, inherently valuable, easy to acquire,
self-regulating, fungible and easy to handle.

The New
Dollar

And now, for the first time anywhere,
ladies and gentlemen, I proudly announce and present to you America's new
money system, designed to compete with the FRN and put the Federal Reserve
System out of business: -The New Dollar (ND):

Errrr.....unnnnnhhhhh.....well, yes, you
are right.  Those actually are old dollars and half dollars, but
hear me out.  You are in for a surprise, believe me.

The More Things Change,
and all that...

Even though America's old money now is out
of circulation because its silver content caused people to set it aside (bad
money drives out good money, so it is said), it still is legal tender
and therefore legally required to be accepted in satisfaction of all debts, both
public and private.  Therefore, it can be used as real money, with no
pretenses about barter or it being medallions or any of the BernieBuck, aka
NORFED Liberty Dollar, nonsense.  Of course, nobody in his right mind
will pay for anything with the mere face value of real silver coins if FRNs will
do.  After all, FRNs are just pieces of paper and inherently
worthless!

If you choose to agree to exchange old,
out-of-circulation American coins for something of value approximately equal to
the FRN full value of your coins' silver content, there is nothing anybody can
say in protest.  Of course, nobody has to give you more than the
coins' face value in FRNs in exchange:  They are legal tender for their
face value only.  But, there is nothing to stop people from agreeing to
give you more than the face value of your NDs, is there?

I've checked the US code and it clearly
addresses the issue, saying that even obsolete US coins, if not explicitly made
illegal to own, continue to be legal tender (there were some mint runs
never released and then totally - almost - melted and they want to keep the few
coins that escaped from making people overnight millionaires).

Legal Tender - No, Not
Sensitive Lawyers

"Legal tender," of course, is defined as
money required to be acceptable throughout the USA for all debts, public and
private. The only exception comes from case law, which holds that nuisance
payoffs in huge quantities of pennies, nickels, etc., do not have to be
accepted.

Banks happily will give you a crisp, paper
FRN $1 bill in exchange for any old Morgan silver dollar, of course, but nobody
is foolish enough to ask for just that and, besides, that is not for what we are
going to use them.  We are going to use the New Dollar strictly amongst
ourselves in lieu of FRNs to conduct business in our new "aboveground
economy" (vs. an "underground economy" wherein illegal trading
takes place).

Note that our new aboveground economy
requires no special distribution network and ensures that no outrageous profit
goes into anybody's pocket.  There is no numismatic premium to be paid,
such as that attached to the uncirculated versions of these very same ND silver
coins.  In fact, if we choose our silver coins carefully, we actually can
get them for very close to the spot price of silver.

But wait - there's more.

Inflation-Proof Real
Money

As the FRN devalues every day, the inherent
value of out-of-circulation American silver coins ratchets up in direct
proportion, so these coins are inflation proof, just like holding onto bars of
silver.  We can happily hold our money in old silver dollars while
hyperinflation rages about us.

Yes, in order to do business, we constantly
will have to consult exchange rate tables that will require regular updating,
but the Canadians have been doing that all their lives and they are no worse the
wear for it (unless that somehow is responsible for the lamentable and draconian
Canadian "Human Rights" Commission tyranny now taking place throughout that
otherwise admirable and physically gorgeous country).

But, wait - there is still
more.

Truly New
Dollars

There is an even easier way to do business
using real silver (and gold, even, unless and until the government once again
confiscates gold):

This is even more of our new money, folks,
and this truly is new, as it is being minted by the US mint today
(actually, the mint stopped producing the 2007 gold eagle a month or so ago and
some who believe confiscation is on the way say that there will be no 2008
version minted).  These are the silver and gold eagles known to many of you
who collect and hold them, just as you do straight bullion bars and
rounds.

Bullion rounds typically are 1-ounce silver
pieces the same size and shape as silver eagles.  Yes, the BernieBuck
really is nothing more than a grotesquely-overpriced and lowly silver round and
most certainly is not "the new $10 silver piece" (or, more recently,
"the new $20 silver piece," or, as planned by Bernie when seized by the
Feds, "the new $50 silver piece").

You may not have paid much attention to the
fact that, on their reverse sides, silver and gold eagles carry face
values:  $1 for the silver eagle and $50 for the gold eagle (the latter of
which also is minted in $5, $10 and $25 denominations for 1/10th oz, 1/4th oz
and 1/2 oz sizes, respectively).  Well, guess what?  That makes them
legal tender for those face amounts.  That sole fact is what
justifies the small premium over silver and gold bullion that they carry.

Of course, nobody in his right mind would
think of tanking up his Chevrolet pickup with a ND $50 gold eagle, which
contains about FRN $800 of gold, but I'll bet your local gas station attendant
would be delighted to sell you that tank of gas in exchange for your gold eagle
- in fact, he has to, if you demand it, because it is legal
tender.

Silver and gold eagles have the advantage
of being as close to one ounce as it is possible to get (99.93% for silver and
91.67% for gold, which is less because it is a soft metal that literally cannot
be used in a coin without alloying it with other metals - to make things even
more confusing, the gold eagle actually weighs more than one ounce total, in
order to contain one ounce of gold ... and these are troy ounces, too, which is
a whole different story).  The silver eagle, especially, makes business
easier because one need only convert for the day's silver spot price, without
factoring in its actual percentage of silver.  Besides, the new eagles are
prettier than those old, ugly coins, aren't they?  You will pay a premium
for these new coins of about 5 - 10% of their equivalent FRN value.

But wait, because there is even still
more.  In fact, the best is yet to come.

The Fine
Print

Here is where I must insert a
disclaimer:  Despite my formal legal, accounting and financial education
and training, I do not intend by anything I say in this or any other essay,
column, rant or private or group communiqué, to be dispensing legal, financial
or investment advice.  Be sure to consult with your own attorney, CPA or
financial adviser before undertaking any scheme I might describe herein, all of
which are presented strictly for my own amusement.  If you choose to do
anything I might describe or suggest, you do so at your own peril and
risk.

But, I do offer a 100% money-back
guarantee on the price of your subscription to my writings.

The Aboveground
Economy

We have the makings of our new economy in hand right now and it already
has its own legal tender in existing real money! I think it would be just
wonderful if we could take control of our own economy and our own money supply
through the use of NDs and put the Fed and its incredible shrinking dollar out
of business.

The only loser in the aboveground economy
is the government, through potentially-decreased sales and income taxes
collected on the face value of transactions conducted using all this old gold
and silver.  Here's how it works:

New Dollar Asset
Purchases and Sales Taxes

Suppose that I have a pickup I want to sell
that is worth $4,500 in regular dollars/Federal Reserve Notes (FRNs).  You
happen to need a pickup and hear about mine.  I offer to sell mine to you
for $300 in New Dollars (ND) - silver eagles (which just happen to be worth
about FRN $4,500 currently).  You go to my personal coin dealer, Steve
Baldwin, who owns the Spokane Coin Exchange, or any of a number of other coin
dealers all over America and/or located on the Internet, and buy 300 silver
eagles (ND $300).  You bring me your 300 silver eagles and I hand you the
keys to my truck and a Bill of Sale that says, "I sell my 1996 Ford pickup to
(you) for $300 in lawful money of the USA, legal tender."  You rush
down to your DMV office to register your new truck and pay sales tax in FRNs on
your ND $300 purchase.

Or, suppose you run a store and sell
wood-burning stoves (or anything, for that matter) and I buy a handsome,
top-of-the-line Blaze King from you.  I pay you 90 silver eagles (ND $90)
for the stove and also hand you 6%, or $5.40, in FRNs to cover the sales tax
that is due.  You file your monthly sales tax report, listing (among
others) your $300 sale to me and remitting the total sales tax due in FRNs
(including the FRN $5.40 I gave you, over and above the stove's ND $90
price).

Now, I have reviewed case law and statutes
and I have yet to find anything illegal or morally wrong with either of the
foregoing transactions, but try them at your own peril, particularly the parts
involving tax calculations and payments.

New Dollar Profit and
Loss Statements

A more interesting question rests with
whether one may declare income in the face value of legal tender ND and deduct
expenses in legal tender FRN, just as they are paid, thereby generating
significant tax losses to offset other sources of income not amenable to being
brought totally within the Aboveground Economy.

You and I both know how the IRS and the
courts will rule on this approach, of course, but it is an interesting question,
nevertheless, isn't it?

Though I believe that this approach carries
with it the color of law, thereby providing shelter from fraud charges in
litigation brought by the government, I also believe that employing it would be
singularly foolish.  Your mileage may differ, however.

New Dollar Wages and
Income Taxes

Can we pay and be paid in existing gold and
silver US coins (ND) and treat the face value of those coins as the wages paid
and the income received and pay taxes upon that alone, and in FRNs?  I
doubt that this will be the case for long, but I do believe that the answer
currently is "yes."

A very recent Nevada case, U.S.
vs. Kahre, et al., ended with a hung jury unable to find Robert Kahre
guilty of tax evasion or a willful failure to withhold and pay taxes to the
IRS.  You see, Mr. Kahre paid his employees in legal tender silver and gold
coins of the US, resulting in the employees' total income falling below the
level that required reporting, even.

The Federal prosecutor, Gregory Hansen,
refused to discuss details of the case with me, saying only that the issue of a
retrial is pending.  Mr. Kahre's attorney, Joel Hansen, wouldn't even
return my phone call (now, see, lawyers don't even return calls from
other lawyers, either!).

I have researched the case law supporting
Mr. Kahre and found it to be persuasive and uncontroverted to this date.
Furthermore, I was unable, even, to find any IRS regulations (which are written
mostly by non-lawyers or, at best, defective lawyers, unable to secure honest
employment and squirreled away in dark basements) precisely on point.

Instead, the two cases cited and primarily
relied upon at trial by Mr. Kahre are precisely on point, not overruled and
still good law:

Ling Su Fan v. U.S., 218 U.S. 302, 311 (1910). states
clearly that, "Their (government-issued coinage) quality as a legal tender is
an attribute of law aside from their bullion value. They bear, therefore, the
impress of sovereign power which fixes value and authorizes their use in
exchange."

Even more significantly, the court in Thompson
v. Butler, 95 US 694, 696 (1877) ruled:  "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. It
is true that in the market, as an article of merchandise, one is of greater
value than the other; but as money, that is to say, as a medium of exchange, the
law knows no difference between them."

You might ask yourself how Mr. Kahre's case
differs from one in which an employee is paid in kind, from the product output
he helps to produce.  In this case, the employee's income is measured by
the cost to the employer, if not the full market value, of the product taken in
lieu of wages.  Legal tender payment in NDs, as we have seen, today
produces an altogether different result.

Payback is a
Bitch

Note well that both of the cases cited
above predate establishment of the Federal Reserve Bank (the Fed), which was
established to ensure the stability of America's monetary system.
Ironically, during the 150 years prior to 1913, when the Fed was set up, there
was not a whisper of inflation or deflation, either monetary or price.
Only since the Fed took over has the value of the dollar fallen to two cents in
terms of the 1913 dollar.  It is that very devaluation, representing
outright theft from American citizens, that now presents us with the opportunity
at hand.  Therefore, the two cases upon which the Kahre case
seems to turn were generated at a time when monetary inflation did not
exist.  It is that very inflation that gives us the opportunity we see
today with NDs vs. FRNs.

The dilemma now before the courts is a
direct result of the peculiarly silent theft from the people via inflation that
occurs when government prints more money than is justified by an existing
economy.  Even though it is high time that this chicken came home to roost,
with the government now getting hosed on tax receipts because we resort to using
pre-Fed money in which to conduct our business, rest assured that, eventually,
they will find a way around it.

Always, you can count upon the American
government, firmly in the grip of rogue and alien interests, to squeeze
everything possible from us common rabble.  As a result, Depression II, now
heaving into view, will make Depression I's food lines look like
picnics.

Again, an even more interesting question is
whether the employer might expense the full cost in FRNs of his acquisition of
the gold and silver coins in which he pays his employees and/or independent
contractors, for tax purposes.  What if he then sells his output for gold
and silver, thereby generating serious tax losses on paper because of the ND
income vs. the FRN expensing?  Both are legal tender, after
all.  Again, though one might bear the color of law going into the
courtroom, the inevitable government lawsuit is likely to be a loser, I
believe.  Again, your mileage may differ.

Why Not
Now?

Despite the foregoing interesting
questions, none of them prevents us from simply moving into the aboveground
economy and conducting all our business transactions right now with
NDs.  If there is even the remotest reason for using something like
BernieBucks, there is a far more compelling reason to use NDs, instead.  If
nothing else, we insulate our working capital from the robbery of inflation
right from the date of acquisition, without having to surmount any profits taken
by the issuer of the money (or suffer the ravages of inflation from the issuer
then printing too much, as in the case of FRNs).  In fact, I fail to see
any difference between the inflation theft inherent to FRNs and the profit taken
by good ol' Bernie when he sells you a $20 Liberty Dollar for $19 when the spot
cost of silver is $14.

For a certainty, if you must keep money
beneath your mattress, make it NDs and not FRNs.  You can always exchange
NDs for FRNs, should you ever wish to do so (unless they make all the old money
illegal to hold, which isn't gonna happen, or unless they devalue FRNs and adopt
the old money/NDs themselves, which seems pointless in view of where America is
headed in the near future).

This gets us through to New America, which
can use the same, existing unused specie (NDs, that is) as money, just like the
same, existing unused Constitution. All new morons in Congress, too (soon to be
located in South Dakota after war and the subsequent breakup of America, as
fully described in Defensive
Racism).

What if This is Just
What They Want?

Looking at the face values of silver and
gold eagles and their ratio (50:1) leads to an interesting thought: They may
well have PLANNED this, long ago.  After all, it does look a little
too neat to be an accident.  America's money is due for a serious
devaluation, even moreso once it hyperinflates.  The picture to the right
gives you a flavor of what hyperinflation in America might look like.

Maybe they intend to abandon the FRN and
switch to new money for a time, enroute to the Amero and then the Globo.
Here's one way it could happen:

We go back onto a gold/silver standard,
which quiets down all the nuts (that's us) and purposely use existing specie
(our NDs) to devalue the dollar while they remove from circulation all
the current worthless bills and base-metal coins.

All existing
partial-silver-content coins get turned in for melt value, which approximates
the new face value of the NDs then minted from them.

All numismatic
coins retain a bonus value, but take a hit due to the relative decline in the
FRN value of their metal content.

All other coins get turned into tin cans and manhole covers
and they burn those worthless paper FRNs.

Nobody with large amounts of
gold or silver squirreled away gets any premium beyond what has accrued to date.

The stringent timing and quantity currency turn-in requirements very
neatly would skewer all non-bank holders of large quantities of paper FRNs, so
that America's exported inflation stays exported and drug dealers get the shaft.

Then, the craven criminals astride America get to start the whole
process all over again. It is 1913 once more, with an all-new Fed then making a
shift to the Amero and/or Globo!

Problem
is:  the existing American equation still doesn't work. Things like
social security and government wages and foreign aid and existing foreign debt
don't go away and American productivity doesn't get resurrected.  Lazy
people don't become productive.  Stupid people don't get smart.
Factories don't get rebuilt.  America still goes down the tubes, so why
bother with the currency restructuring?

Specifics

Ok.  Let's deal with this in advance
for a change and talk specifics about acquiring NDs.

Always, in evaluating a potential purchase
of non-numismatic coins and bullion, first determine the percentage of precious
metal content, then calculate the amount of precious metal  per ounce, then
derive the cost of that metal in excess of its current spot price.  This
provides you a means for comparing alternatives.  Shipping and handling
costs can sometimes be significant, so should be included.

Let's take a few real-life examples from a
real precious metals dealer's web site:

The pictures in this column that appear
above, prior to those of the pretty new silver and gold eagles, are from the
current web site of APMEX.com, one of the largest Internet coin dealers and one
with a good reputation and decent pricing.  Those pictures also are of
about the cheapest real silver coins you can buy, albeit containing only 90%
silver (other metals were added to harden the gold coins, especially, for
day-to-day usage in those times and I suppose they reduced the silver content of
silver coins to about the same percentage as that of gold coins so as not to
confuse everybody).

Incidentally, do not labor under the
delusion that Morgan/Peace Dollars each weigh a full ounce. They don't. They
weigh a total of .86 ounce each. At .90 fineness (90% precious metal content,
that is), their silver content is only .773 oz per coin.

Similarly, the
'64 Kennedy halves weigh less than 1/2 ounce total: .40188 ounce (and the later
years, with only 40% silver, weigh even less: .36973 oz. - more recent mintings
marked the beginning of the reduction of the silver content of coins - to 40%
silver, versus the 90% silver content of 1964 - see how everything in America
started going sideways at about the time of JFK's assassination?). Therefore,
the silver content of '64 Kennedy halves is .36169 ounce per two coins.

These successive reductions represent the most artful form of coin
shaving ever seen.

APMEX charges a flat $20 for each shipment,
regardless of what or how much you order at one time, therefore I am going to
leave the shipping charges out of all the following examples, to simplify the
calculations.

Dividing APMEX' quantity pricing for Kennedy halves
($114.25 per roll of 20) by each roll's total silver content (7.2338 ounces)
yields a per-ounce cost of $15.79, or about $1.25 over current
spot.

APMEX' "cull" Morgan and Peace dollars cost per ounce of silver in
quantity is $12.37 / .773 = $16.00 per ounce, for a slight premium over those BU
(Brilliant Uncirculated) Kennedy halves (not that the BU likely ever will mean a
thing in terms of value), or about $1.50 over spot.  Yes, there is some
loss of original silver content due to wear on coins that once circulated, so
one must reduce the value a slight bit more, but you get the idea.

APMEX' cheapest in-stock silver eagles (1986 "problem" coins) sell for
$17.95 for each .999 oz silver coin, or $3.50 over spot.

APMEX sells 2001
- 2006 BU silver eagles for $18.68, or a bit more than $4 over spot, but they
are taking orders for the 2008 "mint-sealed" green plastic boxes of 500 for just
$1.49 each over spot ($16.02 per ounce).

APMEX' cheapest silver deal is their
wartime nickels, which sell for $14.43 per $1.00 face value (20 coins) and
contain 1.125 ounces of silver per 20 coins. That puts these nickels at $12.83
per ounce of silver, or about $1.75 under spot.  Nickels must be a bitch to
smelt, is what this pricing implies.  This pricing also reflects the
massive handling and storage problems associated with dealing in silver
altogether, both of which are magnified significantly in the case of
nickels.

For a lesser bargain, buy bags of 90%-silver coins for
about $14.50 per ounce of silver, or approximately spot price.  Again,
though, the handling and storage hassle is significant for even 90% silver and
it gets much worse with 40% silver - it just isn't worth the effort, to
my way of thinking.  If America ever goes Mad Max, then plenty of
others already will be spending small coins into circulation.  Silver
dollars are the smallest denomination with which I am willing to deal until that
exceedingly-unlikely day arrives.

All of these coins are legal tender, of
course, which has assumed far, far greater significance in my eyes after
thinking things over just lately and having had my vision of the aboveground
economy delivered from on high.

The best deal I see on the APMEX web site today,
considering all possible intents, purposes and uses, is ordering the 2008 silver
eagles.  I understand that APMEX occasionally puts up small lots of "cull"
silver eagles for about $1 over spot, which would be the best non-numismatic
deal they offer when you find them listed.

None of the foregoing is designed to
promote the APMEX web site to you (I wish I got a commission).
Rather, I intend merely to provide a framework for looking at any Internet
precious metals dealer web site.

Numismatics as
ND?

Now, about numismatic coins, which carry a
premium for rarity.  They are not really relevant to our discussion of New
Dollars.  Though numismatic coins are legal tender, each coin's unique
characteristics render it a clumsy substitute for real money.  In other
words, numismatic coins are not particularly fungible (interchangeable, if you
will), a key requirement of real money.

On the other hand, if for some reason you
want to magnify the disparity between a coin's face value (ND) and its worth in
FRNs, there is no better way to do it than with numismatic coins.  In that
case, stick with highly-familiar and popular coins and insist that they be
pregraded and "slabbed" (sealed in hard plastic sleeves with their grading
results) by the Professional Coin Grading
Service (PCGS), which imparts a degree of fungibility to the
coins.  Examples:  Morgan and Peace silver dollars, Liberty and Indian
gold coins and (my personal favorites) St. Gaudens $20 gold coins.
Less-rare mintings of the St. Gaudens coins are worth about $1600 each at the MS
64/65 level, thus carry an ND:FRN ratio of 80:1 (versus new gold eagles, which
have a ratio of only 16:1).

If buying numismatic gold, ensure that its
value is at least twice its melt value (the spot value of the gold content is a
good approximation), as that is the level separating bullion from numismatic
coins, per the specific wording of some very recent Federal
regulations that have no purpose whatsoever except to facilitate gold
bullion confiscation once again.  Review the PCGS pricing schedule and you
will see that the doubling generally occurs for common numismatic coins at about
grade MS64 or better.

I have noticed that the actual
market value of numismatic coins typically is about only 80-85% of the prices
listed in the on-line PCGS price
guide.

By the way, I really do happen to have a Japanese minipickup and I
will sell it to you for ND $300 (or $60 in the form of 3 MS65 St. Gaudens
gold coins with a face value of $20 each).

New America.  An idea whose time has come.

My name is Edgar J.
Steele.  Thanks for listening.  Please visit my web site, http://www.conspiracypenpal.com/,
for other messages just like this one.

-ed

Copyright ©2007, Edgar J. Steele

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