3 steps to Perfecting Accepted 4 Value Process

In 1933, the powers that be in America made it against the law to pay debts with gold, known as House Joint Resolution 192 . Instead, all debts could only be “discharged” by offering a sufficient amount of “Federal Reserve Notes”. The paper currency in the United States today continues to be called a “Federal Reserve Note”. During that time, it also became illegal for the general public to “hoard” gold bullion coins, bars, or gold certificates. All such gold coins, bars, or certificates in excess of 5 ounces, were to be turned in by May 1, 1933, under penalty of $10,000, imprisonment for up to 10 years, or both. A special exception was made for "gold coins having recognized special value to collectors of rare and unusual coins”, which were allowed to be kept and traded at will under House Joint Resolution 192