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Source link: http://archive.mises.org/10624/the-mises-silver-coin/
The Mises Silver Coin
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The Ludwig von Mises Institute
Tu Ne Cede Malis
Advancing the Scholarship of Liberty in the Tradition of the Austrian School
{ 18 comments }
They should start a real money collection of silver and gold coins with the faces of different advocates on them, like Paul or Mises and the like.
But I want this coin badly it’s a little pricey but I think I’ll pick it up anyway
What does the “FIFTY” on the reverse side refer to?
Holy cow, I must have.
Coury, though it’s unlikely you’ll get this straight an answer from anyone involved, the “FIFTY” likely means merely “fifty fiftieths of a .999 silver ounce”, an arbitrary, hopeful denomination.
Here is opencurrency.com on the valuation formula:
http://www.opencurrency.com/valuation.php
And, of course, the letter ‘L’, from ludvig, is also the Roman Fifty! Talk about keeping it in the family!
You know, the only acceptable name for paper money in a libertarian economy would be Tokens, as they stand for something real, like real gold or silver or copper bars. If we valued everything by the price in gold, a 1 token might be a one-gram-of-gold promise, etc.
Just throwing questions into the ring here.
Can bullion prices bubble?
If so what other store-of-value options are there?
I am also put off by the “Fifty” label on the coin and the opencurrency.com arbitrary valuation.
Although not perfect, the arbitrary valuation is pretty much the only way around the problem of the wildly inflating dollar.
Awesome stuff – I like the John Galt and the Dixie coin as well
Hmm. Let’s see what’s on the other side.
Looks like a beautiful coin. (I can’t find this “Fifty” label people are talking about…)
To J Cuttance: Bullion prices can bubble – but the possibility of “bubbling” is inherent to every store of value.
This may be oversimplified, but bullion prices bubbling generally indicates fiat money crashing. It could also potentially indicate massive increases in productivity if you are simply able to buy much more with gold all the sudden, but I bet that would be rare.
Be careful, you could be sharing a cell with von NotHaus.
Mikey, there is nothing even slightly edgy about distribution commemorative silver medallions.
NotHaus was in trouble for attempting to set up an alternative monetary system, among other reasons.
Yes, I was being facetious. Von NotHaus was trying a few things I didn’t agree with, but nothing to merit criminal charges.
My point is that the US Department of Justice is out of control.
The words legal tender do not appear on any Liberty
coin.And barter is not a crime in the US.
Wow! What a beauty! The price is right on par with any hi-relief collectible, so long as it is mirror finish and proof-like. I’ll have to wait and see when my first shows up. Any chance you can offer substantial discounts for quantity purchases?
The correct valuation persists: “one troy ounce .999 fine silver”. Contrary to fantasy, grabbing with an artificial resting point at a necessarily wildly moving target gives no traction. The requirement for “tying” to the dollar is a premise in need of checking. It’s used for a contradictory mix of propaganda/credulity, gaining nothing while killing the baby — in this case at a price knocking it from all consideration as a competing currency. This coin is a nicknack posing as a fed whack.
very cool. Pricey at double spot (and don’t forget shipment), but IT’S LVM! more great ideas from the LVMI
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