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Message: Re: Don't Hoard Cash, Hoard Gold and Silver Coins !!
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Dec 21, 2015 03:04AM

SideNote: A quick follow-up to an earlier post. The U.S. Mint will start adding 10% copper to their silver coins. Another way for the Gov. to cheat the public out of real money. GRIM

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Tucked away in a bill ostensibly about maintaining and improving America’s transportation infrastructure is text amending Title 31 of the United States Code (subsections of §§ 5112 and 5132) to allow the U.S. Mint to alter the composition of some of its silver coinage.

Until the DRIVE (“Developing a Reliable and Innovative Vision for the Economy”) Act was signed into law by President Obama on December 4, Title 31 stated that all silver coinage produced by the Mint was to have a “content of 90 percent silver and 10 percent copper”. Now, such language has been amended to say “not less than 90 percent silver” [emphasis added] and does not specify the use of copper.

According to 31 U.S. Code § 5132, the altered text applies to silver half dollars, quarter dollars and dimes–in effect, commemoratives and silver proof sets.

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