ONLY US FEDERAL AUTHORITIES MAY REGULATE CURRENCY EXCHANGE LEGALLY! STATES MAY NEVER EVEN CHARGE SALES TAX!!!

Hi

I read all these posts on policing, and it is needed. However, there are vital considerations I am scarcely qualified to say anything about, but feel need mentioning. Reason is that silver and gold, real money, were replaced by FIAT money, and now we must deal with it fairly. What is fair, and what is legal. More importantly, what is NOT LEGAL.

First, dealers are preying on ALL customers, not newbies only. Sales tax is not legal on coins, it is only leviable by Feds. As for prices, only those who pay these "PCGS" prices are truly guilty. So, it is the charging of sales tax that is illegal, not asking a price that takes 3 months to negotiate to reality levels.

Second, only FEDS may regulate coin transactions, unless done privately, as in case of hiring Wells Fargo, or Brinks to guard a hoard. For a third party to step into this arena is strictly forbidden under federal law, same law that regulates currency exchange. My advice is leave illegal nosing around to the police, do not get involved, because there are counterfeiting and moneylaundering issues today, let alone terrorism. Why would you WANT to get involved in other's business? Let alone fact that last MARCH President Bush made it perfectly clear that privacy laws WILL be enforced in these regards in the future. Therefor, no third party type systems are allowed. Beware, you who have such operations planned, to privately police a publicly held in trust currency, it is strictly illegal.

Market, not high ask prices on eBay or elsewhere, determine the prices of all goods, especially currency like gold and silver coins.

This all smacks of pride, and more especially pride that is ready to regulate others, and currency exchange of others. If I buy a coin, I pay via USPS money order, a .95 charge, and FBI investigates all fraud therein. If sellers asked too much, someone else got the money I offered, not he, and he will have to fall into line, or go out of business.

Granted, the monopoly granted the Muslims called eBay has changed much. Granted they broke the law, testing the resolve of the US Treasury department, and its' officials. And granted they ripped a lot of people off. When Yassir Arafat lived at the White House, that caused the problem, those 7 years he got his mail there. As we all know, it ended with impeachment hearings, and resignation of leading Senator in dramatic prodedings. And it took 7 more years to restore privacy to trading of currency. A step against that is against all the directives of last March, that restored privacy. It is only now beginning to come into practise.

However, state officials may not regulate currency exchange. Neither may private organizations, unless it is their own currency they are regulating. And finally, no group may dictate to another what this product may trade at, since the Feds lost control of these currencies in the trading between 1933 and 1984. So, only private parties may regulate this trading between themselves, legally.

Finally, while these organizations appear bent on doing good, they are illegal, and can only be used by those with clout, against those without. They would be used by competitors to snuff out new sellers, unfamiliar with the illegal agency, and it's function, elimination of competition through false charges. Who cares if charges are accurate, when the competition is gone, the report is forgotten, so that will never work at all. That is why it is strictly illegal.

Legal is using a group setting and educated guidance like ANACS and NGC provide. That way, you know my coin I am selling you is authentic, and graded accurately. Otherwise, you do not.

Which is worse, clout management through bigger hoard power, or a few hundred eBay sellers trying hard not to sell their gold too cheap, who price it too high, and wind up selling none at all? Remember these sellers come in many types, and the government they will turn to for assistance against the illegal managers of other's money is paralyzed counting paper. They will not have time to count real money, they sold it all to pay for social experimentation. Now, it is ours, and they are looking for tricks to get it back. Policing is that trick. No, you may not have mine!!

Granted, those who sell authentic currency are better sellers. Also, there is the issue of raw vs. slabbed gold, coming fast. The raw gold is legal currency, is the slabbed gold still currency? Or is is reissued by the NGC and other TPG's, so now more of an historic footnote relic? Silly? Not as silly as attempting to regulate currency isssued by federal government, illegally.

That is why NGC was set up by the men at ANACS. TO provide some guidance in collecting. These services are all the industry needs as effective resources against theft, counterfeiters and dealers who think their coins are better and more unique than any others.

It comes down to price, and only the man who owns the coin may set the price. Price regulators are the problem, as is the fact that the govt hoards were released through grading companies like NGC. causing the oversold condition of the gold market in the late last century. So, there will be ask prices that are too high. Does this mean we have to buy at that price? No, there are those who will negotiate in good faith, and others who will attempt to stop these transactions illegally. Just as there always has been.

The real concern should be the counterfeit coins that these high priced dealers foist upon the market, in slabs other than NGC. They appear genuine, and are not. That should be stopped.

However, amateur collectors, and those in trading for many years, set the prices. Not the government who no longer owns coins, nor those who would illegally grant themselves additional power, because they perceive a problem.

The solution is NGC, legal registry of your coins. Not illegal reports that violate our guaranteed right to privacy, free speech or unimpeded currency exchange.

Stop the promotors of fraudulent currencies, and there is no need for the rest of this talk, because only the market may legally set prices on currency, in our beloved country.

That reminds me of when the State came asking about a fake coin a viewer reported on my site. NO, it is not fake, here is the NGC holder, and authentic coin. The officer knew NOTHING about coins, and I informed him that anyone cannot put them in sonically sealed containers, as he thought I was doing. And that if he wanted to regulate currency, he should learn what he was doing first.

There are a lot of points, one is he was out of his jurisdictions, ONLY feds may regualte currency exchange. Second, he knows nothing of coins. Third the party who reported the coin did not know what dentils are on a rim, but effectively removed his top pop competition for 6 months to sell his, while mine was questioned.

That is illegal, and that officer felt pretty dumb leaving with his pride hurt, and no illegal coin to show for many hours of wasted time.

I laugh to this day, because the coin sold in a later market, for a lot more money. The dirty trick worked. BUT it could have resulted in stolen authentic currency, and a policeman with a real coin, attempting to charge currency exchange fraud.

So, having that sort of force in marketplace is called