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PaperclipPerfector  6d ago (text post)   1483 thread views

Friday Fun Thread for January 3, 2025

Be advised: this thread is not for serious in-depth discussion of weighty topics (we have a link for that), this thread is not for anything Culture War related. This thread is for Fun. You got jokes? Share 'em. You got silly questions? Ask 'em.

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Theyre talking about gold and silver coins, which I would think are still legal tender simply by being dollars, no? A modern US coin could become valuable and trigger the same issue, gold standard or no.

They are legal tender, and if anyone is insane as to pay your taxes in gold dollars by nominal value, I'm sure the IRS would be fine with that. In fact, if you want to do that, I am sure there would be thousands of people who would be willing to facilitate such transaction. I certainly would - not everyday you can make 200x+ immediate profit.

A modern US coin could become valuable and trigger the same issue, gold standard or no.

There are collector coins, for sure. And I am pretty sure if you buy one and sell it at profit, you'd owe income taxes.

I mean... kind of. I'd have to check mine, but 1 oz gold American Eagles I think are still stamped with something preposterous like $25. But obviously nobody would apend them like that.when the melt value is north of $2000. Its an insane fiction kept up since Nixon for reasons I can't fathom.

something preposterous like $25

It's 50 dollars.

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