You will receive one of the 1 gram gold bars listed in the picture. Government Confiscation of Gold: Understanding the Facts. Many investors have heard that the U. Government confiscated the public’s gold years ago. 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. President Roosevelt’s Executive Order 6102 required U. 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). On December 31, 1974, with Executive Order 11825, President Gerald Ford repealed the Executive Order that Roosevelt used to call in gold in 1933.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 The limitation on gold ownership in the U. Was repealed after President Ford signed a bill legalizing private ownership of gold coins, bars and certificates by an act of Congress codified in Pub.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. That is, contracts remained unenforceable if they used gold monetarily rather than as a commodity of trade. However, the Act of Oct. 95-147, § 4(c), 91 Stat. 1227, 1229 originally codified at 31 U. § 463 note, recodified as amended at 31 U. § 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. 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? Of course it is possible; it has been done before and governments in times of stress simply change the laws. Then in 1974, that executive order was repealed.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. 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. 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. Most successful offers are accompanied by good rationale. 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. Of course we will work with you. At Premium Quality Coin our goal is keep you as one of our many happy customers. 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. Minnesota’s Premier Rare Coin Professional. “Your one stop coin shop”. Premium Quality Coin is your rare coin professional. 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. 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). 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 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? 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. WHAT MAKES PREMIUM QUALITY COIN DIFFERENT? Unlike other companies, when you deal with Premium Quality Coin you deal directly with the owner. There are no sales people, no clerks, no assistants; just the owner. Bill takes great pride in providing this service and continues to expand his knowledge of the market every single day. If you think you have something interesting and cannot figure it out call pqcoin and give us a try. Premium Quality Coin llc. Your one stop coin shop.
