Bartering Currency Pictures

For background on this post, see Introducing a new bartering currency—the first coin: 1/2 Troy oz pure silver .999 fine.

I got my first coins yesterday and thought I’d take some pictures. I’ll update this post with pictures of all the various sizes, as they are made. Feel free to download and use the pictures to tell people about the currency.

1/2-oz Troy, .999 Fine Silver

There was a mistake made to the dies. The Collector’s Mint only deals with collector’s items, so when the die-maker at the American National Mint got the order to make the dies and read “Brilliant Uncirculated” (BU) condition on the order sheet, he figured that it must be wrong and made the dies for “Proof” condition, instead. The first strike run was for 500 coins. However, after they struck the first 134 coins, they had to wait a few more days before striking the rest because not all of the needed planchets had arrived, so they shipped out the 134 coins to The Collector’s Mint. When The Collector’s Mint got the coins and saw that they were in “Proof” condition, they ordered the dies fixed so that all subsequent coins would be in “Brilliant Uncirculated” condition. The dies now only produce coins in BU condition. (The difference between Proof and BU condition is that the Proof coins have a mirrored finish and frosted letters, while BU is a non-numismatic bullion coin.) It was never the intention to produce numismatic coins, but apparently there are now 134 of them. The following pictures are of Proof condition coins.

Obverse of a Proof Condition Silver 1/2-oz Bartering Currency Coin - Contrast Increased

Reverse of a Proof Condition Silver 1/2-oz Bartering Currency Coin - Contrast Increased

A Stack of Proof Condition Silver 1/2-oz Bartering Currency Coins

A Pile of Proof Condition Silver 1/2-oz Bartering Currency Coins

Obverse Close-up of a Pile of Proof Condition Silver 1/2-oz Bartering Currency Coins

Reverse Close-up of a Pile of Proof Condition Silver 1/2-oz Bartering Currency Coins

More to come later…

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Introducing a new bartering currency—the first coin: 1/2 Troy oz pure silver .999 fine

For the past several weeks, the Spirit has been guiding me through strange paths.  It all began a week or two prior to November 1st…

Guidance Sought

A crisis was happening in my family which required a solution that I couldn’t provide.  As I analyzed the situation, it became apparent that I could not proceed further without guidance from the Lord.  So, I began to fast (no food or water for days) and to pray in earnest, even retiring to a local mountain to pray openly to the Lord at midday and evening hours.  In addition to the family crisis, though, the country’s economic situation was pressing upon my mind.  With these mental burdens, I asked for a specific solution to my family crisis and also a way to escape the economic bombs beginning to explode around us all.

(In case the reader is unaware of what is coming down the pike, I refer you to LEAP/Europe2020’s latest economic prediction along with their 27 other previous predictive announcements concerning the Global Systemic Crisis that we are currently in.)

Prophecy Received

My family, and especially my wife, were all getting nervous, as I had no solution to the family crisis and could only reply, “I am waiting for an answer from the Lord.”  Each day that went by I expected to receive an answer in one form or another, yet nothing came.  No dream, no vision, no whisperings, no angelic visits, no divinely-inspired human intervention, nothing.  In fact, not only were there no prophetic or revelatory dreams, but there were no dreams whatsoever.  I was receiving a complete blank, as if the heavens had closed themselves, yet the Spirit of the Lord had not left me and I was still full of faith and confident that the Lord had a solution to our family crisis.

Nevertheless, my poor wife had to endure day after day of me telling her that the Lord had not yet spoken to me and that we needed to wait a little longer.  And then, sometime during the last week of October, I suddenly received three prophecies from the Spirit, which had nothing whatsoever to do with solving our family crisis.  Yet, these prophecies confirmed to me that I was still right before the Lord and that I was going to receive an answer.  And so I patiently waited…

My Prayer Answered

On the 28th of October, a friend emailed me and out of the blue asked me a question concerning silver.  I hadn’t spoken to him about silver in a long time, so it was quite unexpected.  I called him back to answer his question and we talked at length about the silver situation.  During that conversation he said something that triggered a confirmation of the Spirit, meaning that as he spoke the words the Spirit indicated to me that I was to pursue a course that would focus all my time, means and efforts on silver.

After the telephone conversation, I breathed a sigh of relief and joyously told my wife the good news that the Lord had finally responded and that He was to going to direct me in a course that had something to do with silver.

The next day, I did some research, and made some additional discoveries concerning silver.  These discoveries were likewise learned with confirmatory manifestations from the Spirit.  Apparently, I was going to be guided step-by-step and day-by-day in what I was to do and where I was to go and was to be given a little bit here and a little bit there, with doors opening up miraculously when they seemed to be impossibly shut.  The Spirit plainly indicated that this was the Lord’s work, not mine.

Each day that went by, the strangeness of it all started to become clearer.  I found myself traveling south of the border several times, in search of silver.  To illustrate just how bizarre it all has been, let me mention one incident.  I had a married couple give great sums of cash money to me, as in three thousand dollars taped to my abdomen (in case I was robbed), to get silver for them in a foreign country.  How strange is that?  Who in their right mind would hand over 3 grand cash to someone and send them into another country to purchase silver for them?  Yet, despite the risk of dishonesty on my part and the risk of me being robbed by someone (either taking the money or taking the silver from me), they had implicit trust in me and in my abilities to get them what they wanted.  And by the grace of God I was successful.

A follow-up trip down south in search of silver came up empty, though.  As I walked down the streets, having nearly exhausted my places to search, I thought, “How is it the the Lord sends me here and doesn’t provide me with what I was told to seek?  He must direct me to its location!”  And as I thought these very thoughts, with a determination to continue looking until the Spirit revealed to me the location of the metal, I found myself at an establishment that caught my eye, which, upon entering and making the acquaintance of the owner, I discovered that he was the man that the Lord had provided for me to supply me with the silver.

And then over the next days, in my interactions with this man, I met another man, who had also been prepared by the Lord to provide me with something.  And this gift from this second man, upon looking it over, was the last piece of the puzzle that I needed to finally grasp what the Lord wanted me to do.  None of these people knew, or even now know, any of the others, yet they had all been prepared by the Lord to facilitate the way.

The Mission

After looking over the gift by this last man, the Spirit impressed upon my mind that I needed to create a silver-based bartering currency and that I had to do it with urgency.  That manifestation occurred on Saturday night, the 15th of November.  I decided to base the new currency upon the Zcoin designs, according to my memory of those designs (as that website is no longer in operation), with a few changes.  That night I scribbled down some quick designs and went to sleep, with the plan that on Monday I would seek a minting company.

Sunday the 16th of November I again took up the designs and made further modifications.

Monday the 17th of November came and I began to search and call many of the major mints in the nation.  I had planned on minting a 1/20 ounce coin initially, so as I called these places I discovered that virtually no one would mint such a small coin.  Then I started to call lesser-sized mints, leaving messages for people to call me back.  As evening approached, I told my wife that I couldn’t find an appropriate mint, but not to worry, as the Lord would provide one.  I still had the ever present sense of urgency from the Spirit and despite coming up with nothing, yet I was confident that the Lord was going to push this thing through.  A short time later that same day, one particular mint called back, and as we talked, it became apparent they were the mint that the Lord had intended all along to use.

Tuesday the 18th of November brought forth another man, also prepared by the Lord, whose advice caused me to change my initial coin size from 1/20 ounce to 1/2 ounce.  Like on other occasions, the Spirit indicated to me to follow this man’s advice.

Wednesday the 19th of November finalized the details with the mint, along with the revised 1/2 ounce images, and set a price for the creation of the dies.  It was more than I could afford. I told my wife, “We are going to tighten our belts and buy nothing but the bare necessities, while I seek out the money to create the dies.  I will use every spare dime we have and add that to whatever else I can obtain to get this thing started, as I am certain this is the word of the Lord and that I must perform this thing quickly.”  I set out that night to obtain the money and came back empty-handed.

On Thursday morning, the 20th of November, I set my mind to diligently doing everything I could to obtain the rest of the funds needed, even if I needed to work seven days a week for two straight weeks to accomplish the task, yet all the while with the understanding that the Lord wanted this begun now, not in two weeks.

Thursday evening I returned home with a 1 oz gold coin in my hand.  A donor had decided to give it to me to use to purchase the dies.  I never asked for it.  I merely recounted to this person many of the strange occurrences that had happened on a daily basis to me over the last three or so weeks.  The Lord did the rest.

Friday the 21st of November (today), I sent off the check to the mint and finalized all the details so that they could start making the dies and also begin receiving pre-orders from people who desired to mint this currency.

My current understanding

The Lord still hasn’t revealed to me everything concerning this work, but I believe, based upon the revelations and experiences I’ve had in the past 3-5 weeks, that He intends to use this bartering currency to monetize silver and to set up a way to frustrate the secret combination’s attempt at destroying the people by destroying the government currency.  Although it does appear that the Lord is going to allow the secret combination to destroy the government currency, their plan of making it so that there will be no viable alternative (non sc-controlled) currency whereby people can transact will be frustrated by the introduction of these silver coins.

It appears that this currency will remain hidden from the view of the secret combination until they make their move to utterly destroy the dollar, at which time it will come to their attention that these silver coins are being used by people to barter and that a portion of the population is totally independent from their monetary control and power.

I foresee that the distribution of these coins will ultimately lead to the opening up of silver mines in America again, perhaps because it will be profitable to monetize the silver taken from the mines.

I foresee the time coming when the minting company will no longer accept dollars in payment of their minting operations, but will ask a percentage of the output as payment, just like me.  This will allow them to remain in business while other mints around them close their doors.  It will also make it cheaper for someone to mint coins.

The currency will ultimately be expanded to include various sizes and more than one private mint.

It may be that this is the currency that will fulfill the prophecies concerning money found in the Doctrine and Covenants.  (See The Root Cause of the Current Financial (Monetary) Crisis and Its Solution.)

That is about all I can see forward, so far.

About the Currency and How to Get It

[Updated Info: To see more photographs of the coins, visit the blog post, Bartering Currency Pictures.] Here is what the 1/2-oz coin looks like:

[Note: The “AN” is the mint mark of the American National Mint.  Both the American National Mint and The Collector’s Mint are divisions of the same company: The Money Company.]

Obverse of a Proof Condition Silver 1/2-oz Bartering Currency Coin - Contrast Increased

Reverse of a Proof Condition Silver 1/2-oz Bartering Currency Coin - Contrast Increased

You’ll notice that I’ve got an anarchy symbol there (after all, I am LDS Anarchist!)  I put that symbol there so that people understand that this currency can function with or without an existing government (a State.)  Also, as it is my understanding that we are slated to be brought into tribal anarchy, I wanted that symbol to serve as a reminder to those using the currency to remain in anarchy, so that if ever the temptation to re-establish a State enters the mind of man, a glance at the coins may cause them to think twice about it and change their minds.

You can obtain the coins by ordering minting runs.  Just contact the following mint:

The Collector’s Mint

Tarzana, CA

Email: moneyco1@aol.com

Phone: 818-609-7666

Ask for Nancy or Richard

(Tarzana is in the Los Angeles area.)

When you call them up, tell them you want to “strike coins using the bartering currency dies.”  They will explain to you their striking prices.  They will also explain that the cost of using the bartering currency dies is that the die owner (me) gets one hundredth of the output.  This means that if you strike 100 coins, 1 of them gets set aside for me.  I will use this hundredth part to repair the dies if they ever break or need repair, to create new coin sizes and for other purposes.

You can bring your own .999 fine silver to the mint or you can purchase .999 fine silver from them.  They get silver at something like 15 cents above spot, so it is really cheap.  Also, you can strike coins for as low as $2.00 a coin.  For larger orders (5,000 or above), you can strike at an even cheaper price.  You can pick up your order yourself or you can have them ship it out to you.  Shipping is extra.  If you have silver, but it isn’t .999 fine, they will take it, but they must assay it and refine it, which are additional costs.  It takes about 1-2 days to strike coins, once they have the silver and planchets needed.

They will accept pre-orders now, meaning that even though it will take two weeks from today (the 21st of November) for the manufacture of the dies to be completed, anyone can call them up today and order a minting run, locking in today’s spot price of silver, and when the dies are ready, production of your order will commence.

It’s Cost-effective and Wise

If you plug in the numbers, it costs nearly the same price to purchase a 1 ounce .999 silver bullion coin as it does to mint two of these 1/2 ounce bartering coins, if you buy the silver from the mint and pick up the coins yourself.  If silver is at $10 an ounce spot price, because of its scarcity these days, you may find it sold at $14 or $15 or even more per ounce.  If you mint two of the 1/2 ounce .999 silver bullion bartering coins, you pay $10.15 for an ounce plus two $2.00 minting fees, bringing your total cost per ounce to $14.15.  Now, that is not subtracting the cost of the hundredth part which is taken out of your output, but even taking that out, were you to mint 100 pieces (ending up with 99 because of the hundredth part taken out), your total cost per ounce would still only be $14.29, which is still pretty close to the cost of a 1-ounce piece.

1/2-ounce pieces are better than 1-ounce pieces because they can purchase smaller items.  If ever we need to use this currency as actual money, smaller denominations will always be more useful than larger denominations.

Currently, in this country, you would be hard-pressed to find any silver bullion coins in the 1/2-ounce range.  Not any more, though, as I’m now introducing this first piece to the LDS public.  Use it as you wish.

As for me, I’ve accomplished this first part of the mission given me of the Lord.

Updated Info (updated on 2 Dec 2008 )

I’ve changed the above wording to reflect a hundredth part taken out instead of the original tenth part taken out as payment for use of my dies.  This makes the currency competitively priced to any 1-oz or 1/2-oz bullion silver coin.  I made this change after talking to an individual (who will remain nameless) and learning of the capitalistic endeavors being promoted now that the economy is tanking.  Although I commend them for trying to introduce silver-based money into society, and wish them the best of luck, hearing how “everybody had to get their cut” didn’t sit well with me.  The Spirit again rested upon me and gave me a great sense of urgency, so, although they invited me to participate in their scheme, it became clear that these dies must follow a different, less profit-motivated path.

So, effective immediately, with the die payment changes I’ve made, the bartering currency is now the best-priced 1/2-ounce piece in existence and can also compete with any 1-oz bullion coin out there, either beating their price, matching their price, or coming really close to matching it.  Here are the new numbers:

Minimum order = 100 coins
50 oz produces 100 1/2-oz coins
$2.00 minting charge per coin
100 coins times $2.00 = $200
50 oz of $10/oz silver = $500
1/100 of produced coins = 1 coin (this goes to the die owner)
99/100 of produced coins = 99 coins (this goes to you)

Equation: Total Minting Cost ($200) + Total Silver Cost ($500) divided by 99/100 of produced coins (99) = Total Cost Per 1/2-oz Coin ($7.07). This means that two 1/2-oz coins = $14.14 per oz (at $10/oz silver.) This is a very good price as normally two 1/2-oz coins would cost you $10 per coin with premiums, or $20 total per ounce. (For comparison to another 1/2-oz bullion coin, see how much it costs you to buy a 1/2-oz Mexican Libertad. Use a currency converter to convert pesos to dollars. Also, remember to factor in an exchange commission. You’ll see that the bartering coins are the better deal.)

Production costs are always higher for smaller denomination coins. Keep this in mind so that you don’t compare apples to oranges. Nevertheless, even comparing these 1/2-oz coins to 1-oz bullion coins, you can see that they are competitively priced. For calculations using other silver prices, see the following:

$5/oz silver = $9.09 per oz.
$6/oz silver = $10.10 per oz.
$7/oz silver = $11.11 per oz.
$8/oz silver = $12.12 per oz.
$9/oz silver = $13.13 per oz.
$10/oz silver = $14.14 per oz.
$11/oz silver = $15.15 per oz.
$12/oz silver = $16.16 per oz.
$13/oz silver = $17.17 per oz.
$14/oz silver = $18.18 per oz.
$15/oz silver = $19.19 per oz., etc.

[November 6, 2010 Update: Anyone can now purchase these coins from the mint in rolls of 25 coins, instead of having to strike 100 coins.  This should make it easier for people to obtain them.]

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