Is collecting coins anti-american?

Abagnale

In my opinion, it is. In todays America, you are supposed to spend money as fast as you earn it. In fact, you are supposed to be in dept.By saving or hoarding gold and silver, you are doing what the U.S. fed does not want you to do.You are taking money out of the economy and hoarding it. This is all very cool, and I guess im in a bad mood cause I dont have enough money myself and of course I want to buy some more coins. Well, I guess its not anti-american, it is what it is. Coins are money, collectable or not, you buy and sell.Its a bussiness like any other.

ElectricEye

I collect coins therefore I am in debt. Perfectly American.

coinguy89

Same here.

KlectorKid

I dont think not being in debt is un-American

Bear

Debt is the engine that drives the American consuming economy.

If we dont keep spending, who will support the economies of Mexico, China,

Japan , India and Korea.If we dont support these countries, then we wont

have any place to outsource American jobs. Jobs, Americas greates export commodity.

ccr

Nope! Remember what Bush said soon after 9/11? He said: SPEND SPEND SPEND!!! So no, spending money is American because Bush says so.

djm

In the late 60's coin collecting was very unAmerican. The Mint actually hated coin collectors. Thats why the mint marks were removed from the coins in 1965. The coin collectors were hoarding too many coins and the Mint had to produce more coins. The same thing with the SMS, only had to produce have the number of coins.

What a difference 40 years makes, Today the produce coins just for collectors and use the money to support pet projects.

roadrunner

Yes. If you save gold, silver, coins and other commodities (rather than stocks, bonds, and treasuries) Bush, Ashcroft, Greenspan, etc. all look upon your actitivites as anti-American. Their goal is to have us spend and spend and go further into debt. That's the current professed American way.

roadrunner

ElectricEye

<< <i>Their goal is to have us spend and spend and go further into debt. That's the current professed American way. >>



I spend more and more money on coins and put myself further in debt. Perfectly American.

razorface1027

It's not anti-american. It's anti-FED...Which is a good thing.

Louis

<< <i>It's not anti-american. It's anti-FED...Which is a good thing. >>




We've been trying to get that point across since the 1860s.

cladking

Real wealth whether in the form of stocks, bonds, real estate, coins or any other myriad
forms is the basis of all wealth at least in the long run. What more American thing can there
be than exchanging one's talent/time for real wealth in a mutually beneficial transaction.

mrearlygold

In countries where the most heavy hand of government has been laid on the people, collecting "old coins" especially of the gold and silver types has been and is "illegal".

I ran "Buying" ads in the Vietnam News thruout most of mid to late 2001 ( running ads isn't illegal there) as I lived in there for almost 2 years full time ( for the most part). I got a chance to view quite a few 'fakes' which were shown to me by plain clothes police ( they didn't think I knew) who tried to find out if I was trying to buy "national treasures" in order to export them out of the country. I DID get a chance to see a few ancient Vietnamese gold coins that a friend had referred me to in Hue but there was no way to put a deal together on these. A lot of cloak and dagger stuff for sure.

Another friend of mine who moved to Poland years ago to teach english told me that "coin shops" were just sort of starting there ( after the collapse of communism)

I believe there already has been an American president who ran a campaign that he would never try to stop Americans from owning gold and 6 weeks into his administration, signed into law the confiscation of gold if it wasn't turned in to the banks and oh yes there was a penalty of prison and fines if you were caught in non compliance. I believe he tried to make this law pertain to collectors coins as well but that part didn't fly with Congress at the time. Thankfully there were some sharp lawyers in the government who were able to put the kabosh on that one.

It's a non reportable asset. The government doesn't like non reportable ( non taxable) assets that they can't seize.

Is it un American to collect coins?

It's as American as apple pie and the Declaration of Independence. But the politicians/lawmakers ( barf) might think otherwise and in my view would just as soon rip us all off in a heartbeat if they thought they could.

That's Un American.

Rgrds
Tom

Russ

Abagnale,

Did you just step through a worm hole from 1964?

Russ, NCNE

mrearlygold

<< <i>

<< <i>It's not anti-american. It's anti-FED...Which is a good thing. >>




We've been trying to get that point across since the 1860s. >>




Yes, the second American revolution. The one that we lost unfortunately.

Rgrds
Tom

nOoBiEeE

<< <i>In fact, you are supposed to be in dept >>



My debt cost me about 31% interest. Now I have no debt and loving it...

mgoodm3

Come on Everybody! Let's go out and spend our collections for beer!