Could the US mint or federal reserve counterfeit silver?

Pirocco: My mistake - I apologize... I was working on the presumption that the proof coins and bullion coins were made of the same material, making it essentially the same product.

I suppose the collectors of such proof coins possess a knowledge regarding their actual content that I am not privy to.

At any rate, I am not stacking silver based on what it looks like, as I don't think the melting pot ultimately cares about what extra value attatches to one coin or another. After all, such sentimental assignment of value, above what is intrinsic, is what fiat money is all about.

In fact the US Government recently redesigned the $100 bill. It sure is pretty...you should google it. It has a big "100" printed in beautiful gold text, and has holographic printing and 3-D security features. I have no doubt that it cost more to print this bill, than the old-style greenbacks.

I just hope that when I go to spend it, the cashier will recognize it's greater value, and give me more change back on my purchase. Perhaps I might stockpile them, but since I am not one who places much value on what the product looks like, I will continue to dispose of it, as if it had the same value as the dirty old $100 bills.

The US Mint would love to keep selling those proof coins - they are a real money-maker. Hopefully, there will always be an eager market for those not-so-rare treasures, and when the fiat money system collapses, those proof coins can be traded for three times as much consumer goods. But I'm not willing to bet on it.
 
Ouija said:
Yup, I think that's the whole idea - Get people to pay more for the same product by making it "look better" :lol: :lol: :lol:
With collecting, it does not have to be better, just different, and limited.

Stackers just don't understand this collecting stuff.

A Carson City mint mark does not make a Morgan dollar any 'better', but still worth several times as much as others.
 
They already have, no more silver in coinage was done in the 1960's by President Johnson. Against their own constitution.
 
Ouija said:
Pirocco: My mistake - I apologize... I was working on the presumption that the proof coins and bullion coins were made of the same material, making it essentially the same product.
A diamond is made from the same material as shit.
 
Pirocco said:
Ouija said:
Pirocco: My mistake - I apologize... I was working on the presumption that the proof coins and bullion coins were made of the same material, making it essentially the same product.
A diamond is made from the same material as shit.


Extract carbon from shit.

Bury carbon 100 miles into Earth

Heat to over 2000 degrees

Pressurize to about 725,000 pounds psi

Bring to Earths surface quickly to cool.

Sell at a premium.


Alternatively, just sell shit with 'how to' directions.


I can see how this could work.
 
fiatphoney said:
They already have, no more silver in coinage was done in the 1960's by President Johnson. Against their own constitution.
That's why I like to buy Kennedy 1964 halfdollars. I see them as a symbol for governments intentions to give us crap instead of quality. People at that time treated them no different, they hoarded them for the same reason as a half century later haha.
 
Pirocco said:
fiatphoney said:
They already have, no more silver in coinage was done in the 1960's by President Johnson. Against their own constitution.
That's why I like to buy Kennedy 1964 halfdollars. I see them as a symbol for governments intentions to give us crap instead of quality. People at that time treated them no different, they hoarded them for the same reason as a half century later haha.


When was the last constitutional dollar struck?
 
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