American Eagles are the official silver/gold bullion coin minted by the US Treasury and are considered legitimate currency at the face value of the coin.
True, but there is a difference in spending power between a real Silver US Dollar and a FRN called a dollar by the Federal Reserve. Just like there is a difference in spending power between a Canadian Dollar and a FRN.
In order to see that difference in spending power, you would have to sell the Silver bullion to a precious metals dealer first. If you walked into a store with a $1 silver coin you would only be able to buy $1 worth of merchandise.
Again, not true. I do not have time to go find the court cases to support it though. The information is out there for anyone that takes the time to find it though.
American Eagles are the official silver/gold bullion coin minted by the US Treasury and are considered legitimate currency at the face value of the coin.
True, but there is a difference in spending power between a real Silver US Dollar and a FRN called a dollar by the Federal Reserve. Just like there is a difference in spending power between a Canadian Dollar and a FRN.
In order to see that difference in spending power, you would have to sell the Silver bullion to a precious metals dealer first. If you walked into a store with a $1 silver coin you would only be able to buy $1 worth of merchandise.
Again, not true. I do not have time to go find the court cases to support it though. The information is out there for anyone that takes the time to find it though.