The E-Sylum:  Volume 8, Number 43, October 9, 2005, Article 19

THE "GOLDEN DOLLAR"

Last week I noted the use of the term "Golden Dollar" in the
U.S. Mint's request for proposals to supply blank planchets.
Kavan Ratnatunga writes: "The minimum legal standard of
karatage in the U.S. is 10K. Anything less than 10K can not
be called gold. Is the Mint in Violation? Isn't it no different than
scam eBay sellers who use Gold and Silver color to describe
brass and Cupro-nickel coins?
Full Story

[The term "Golden" rather than "Gold" refers to the color,
not the content. But plenty of people have been fooled into
thinking the coin contains at least trace amounts of gold.
Both the Mint and the eBay sellers you describe are within
the bounds of the law, even if some buyers are fooled.
-Editor]

  Wayne Homren, Editor

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