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Created and designed in 2003 by Mr. Ken Oglesby (of
Springfield, IL), who “has studied the history of money since 1968.” With
the exception of high-priced commemorative coins sold by the U.S. Mint only
to collectors, the Sherman Dollar “is the first Constitutionally correct
Dollar minted for commerce since 1935”. It “is a privately minted ‘silver
round’ that in spirit meets the definition of the word ‘Dollar’ as stated
in” the Coinage Act of 1792, which was passed on April 2 of that year. This
neglected document had defined the standard for all silver coins, which
should each contain 371.25 grains of fine silver. Its guidelines, of which
the collectible Sherman Dollar is “a precise model”, are later reiterated in
the Coinage Act of 1837; these sacrosanct definitions remain unchanged until
today. |
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Mr. Oglesby drew inspiration for the Sherman Dollar
from
NORFED and he gives due credit to that organization's successful Liberty
Dollars. However, he considers his coin to be a “superior product...the
result of taking the carbon nugget discovered by Mr. NotHaus and polishing
it to a brilliant diamond luster.” The Sherman Dollar is capable of
functioning as “a new bridge” built to lead us back towards a
“Constitutional Coinage”, away from today's “corrupt” fiat monetary system,
which Mr. Oglesby clearly disdains. Nevertheless, the coin is also “uniquely
designed” to operate within our current, “egregious” system, and he
envisions individual states adopting the Sherman Dollar “as a financial tool
to solve their budgetary problems” and to halt their “endless dependency on
federal grants.” Once state legislatures start putting themselves “on the
fast track to economic recovery” by enacting the “Sherman Dollar Act”, this
legislation will allow their states to buy the coins at a discount, below
their face value. The coin will further enable more and more of them to
“begin the process of weaning” themselves “from the tyrannical clutches of
the socialist Federal Reserve System”, whose “phony” and “worthless” paper
money will in turn become less and less influential. “The Sherman Dollars,
and other privately minted Dollars that may appear, will become the currency
of the nation and will be replaced only when the United States Mint starts
coining real silver Dollars again. The buying power of these lawful Dollars
will eventually meet or exceed the Morgan and Peace Silver Dollars of
yesteryear. Once again minor silver coins will purchase those numerous
necessities of life that our parents so often spoke of, and that we found so
hard to believe. Some day soon pocket change will buy you a ticket to see a
fascinating movie about how the legacy of Roger Sherman saved America!” To
read more about this historical figure, whose important contributions are
honored by this coin, please visit:
http://www.shermandollar.us/ |
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