dcarr

. The denticles on this auction coin do not match those seen on the questionable piece. .

. A "little friend". .

The pictures are too small to be conclusive. But from what I can see, the coin appears to be genuine, and possibly MS-63 vicinity. The rings are NOT from jewelry mounting. They are an affect of worn dies and they are often seen on $2.50 Native-Head gold.

Nitric acid has the property that it eats away very evenly, preserving the coin's details while making it thinner.

The rim effect is due to a minor planchet delamination. The top of the "8" in the date took a hit and got mashed.

The coin was subjected to a rather strong nitric acid solution.

The US Mint could still make silver and gold eagles. Here is a bank check with a 2-cent Internal Revenue tax stamp on it. Banks didn't like this system, but it did work and it was fair. This type of tax arrangement raised revenue from people and entities that did more banking, more investing, and were wealthier. Poorer people would not have been opposed to this tax system because it didn't affect them that much. Your contention regarding the support for the 16th amendment is flawed. Every state should follow North Dakota's lead. Such a thing could be scaled much larger. Why are you so against nationalized banking ? Because that doesn't line your pockets ? As Shakespear wrote: "me thinks thou doth protest too much !"

Biden wants to hire 87,000 IRS agents. They would produce nothing useful, they would only take from the economy. If a transaction-fee digital currency was in place, the tax system would be fair, simple, and there would be no cheating. Most of the IRS would no longer be needed. Those 87,000 IRS agents would have to get jobs elsewhere actually producing useful goods and services. And everyone else would benefit from not having to fill out tax forms. That would be a much better system. But you sound scared of such a thing.

For example a digital currency issued by the US Treasury. Use of this currency would have a small transaction fee (like a credit card) and those fees would replace the income tax system. Imagine never having to file a tax return again. Prior to about 1913 there was no income tax. The Federal Government was funded via small fees on bank checks, insurance policies, stocks, bonds, and other financial documents. It worked well, but the banks and Wall Street were successful at taking the tax collection off of themselves and put it onto the general public instead. North Dakota has the right idea. They established a state-run bank for the benefit of the people, and proceeds from those bank activities go towards paying the state's bills.

You make your living with the financial and monetary systems the way they are now. So naturally you would feel threatened by any major change to how these systems work. There are far better (and more equitable) ways for these things to function, but you would have none of it.

When I had some "dug" coins that looked like that, I put them into the "CoinStar" machine

The lighter-color streaks are likely a different alloy (such as brass or similar). The rest of it is normal bronze. The streaks show up later because one alloy does not tone as dark as the other basic bronze. Bronze is mostly copper with a small percentage of tin (and no significant amount of zinc). Brass is mostly copper with a small amount of zinc (but not any significant amount of tin). Mixing, melting, and pouring metals is a messy job and improper mixtures can occur. Tin, zinc, and maybe even small amounts of silver and/or gold getting into the mix can change the properties. The elongated "woodgrain" pattern is formed when the bronze ingots are rolled out into strips for planchet stock. During the rolling, the ingots do not get wider - they only get longer. So any structures and defects in the ingots get elongated in one direction only. This coin is a good example and evidence for the theory. I found it in a dealer's "junk" box as a cheap damaged coin. But it is actually a genuine clipped-planchet mint error. Most clips are, of course, curved to approximately the same radius as the planchet punch. However, this particular clip is straight because the planchet was punched partially off the edge of the strip. The point to this is that the "woodgrain" streaks are parallel to the straight edge. They are both oriented in the direction of rolling. Conversely, the flat edge being parallel to the "woodgrain" is an indication of a genuine straight-clip.

It does not appear to be a genuine circa 1740 item, sorry. It has characteristics similar to modern Chinese production.

.

The FED had liabilities of at least 20,000 metric tons of gold but had no gold to cover that. FDR relieved the FED of its gold obligations and also assigned the title to our gold to the FED. That was a classic "bailout".