• seperator

Statue of Liberty on the market?

The United States isn’t going to sell the Statue of Liberty or Yellowstone National Park to keep itself from going over the debt limit.

You saw it here first.

Was there ever any likelihood that such a thing would happen?

No. But why let that stand in the way of a headline?

This week’s breathless commentaries that the United States wouldn’t sell the gold in Fort Knox, Ky., is another one of those fabricated headlines.

Was there ever any likelihood that the gold would be sold?

No.

The gold window was closed in 1971.

The last government gold sales to influence the market concluded in the 1970s.

But then there is that conspiracy theory that the gold really isn’t there. This is a duplicate of the 1970s conspiracy theory that the gold was not there and the 1950s conspiracy theory that the gold was missing.

Naturally, if the gold is not there, the Treasury Secretary would have to rule out a gold sale because if he didn’t the evidence of the missing precious metal would be discovered.

Can’t have that.

What would the 2030s conspiracy theorists do if they couldn’t focus on the national gold stockpile?

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2 Responses to Statue of Liberty on the market?

  1. bill oneil says:

    During my younger days I collected coins as a hobby.

    I subscribe to your newspaper. However it quite often leaves me confused; i.e., what is a "slabbed" coin; "cameo", "first strike" New collectors, or old new, may not understand the language.

    It seems that how high a coin is graded depends on who is offering it.

    Does the mint sell coins labeled "first strike".

    I purchased the 5oz coin. It is a monstrosity and has been returned.

    bill oneil

  2. Dave Harper says:

    Welcome back to the hobby.

    A slabbed coin is one that has been submitted to a third-party professional grading service and has been authenticated and graded and encased in a plastic holder. A cameo is a coin where the relief is frosted and the flat field is mirrorlike. First strike is an ambiguous term that used to mean the very first coins struck of a new design (often at a special ceremony). It now means the coins struck in the first 30 days of every year. The Mint does not sell first strikes.

    That coins are graded differently has been suggested by collectors for all 48 years I have been active in the hobby.

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