How to legally donate $70,000 vs $2,500 to Ron Paul's 2012 Presidential campaign w/gold & silver Eagle coins (Updated)

The FEC has actually considered this issue before when an individual contributed silver dollars to a presidential campaign. If you sell the silver for its fair market value as a commodity the PCC will have to report the full fair market value as an in-kind contribution from the donor. Any brokerage fee or other transaction cost of converting the silver into dollars will have to be reported as an expenditure. FEC Advisory Opinion 1980-125 (Cogswell).

From the campaign:

"We accept gold and silver but the fair market value upon receipt counts towards a donor’s contribution limits. A gold coin that says “One Dollar” but that has a higher value is accepted but at the higher value. If someone sends us gobs of gold and silver coins and the value exceeds the limits, we would have to return the excess and potentially lose money on transaction fees." - John McCardell Director of Finance, Ron Paul 2012

and is considered TWO separate transactions.

1) The barter day market value of the goods
2) The market value the day you convert to dollars

At the end of the day it is more efficient paperwork-wise and donation accounting-wise for the Campaign to just send them dollars. And if you try to play tricks with legal tender face value (US Mint coins) versus market value you will get in trouble. ;)

The Govt requires you to use standard methods of appraising the value of donated goods. Such as current market prices for commodity goods and things like the Blue Book for donated vehicles, etc. and there are both Govt and private books/charts for other less marketable and more consumable items.

of the law(that RP sponsored in the 80's)

An Act
To authorize the minting of gold bullion coins.

Be it in enacted by the Senate and House of Representatives
of the United States of America in Congress assembled,

SHORT TITLE
Section 1. This Act may be cited as the “Gold Bullion Coin Act of 1985”.

Minting Gold Bullion Coins

Sec. 2. (a) Section 5112(a) of the title 31, United States Code, is amended by adding at the end thereof the following new paragraphs:

“(7) A fifty dollar gold coin that is 32.7 millimeters in diameter, weighs 33.931 grams, and contains one troy ounce of fine gold.
“(8) A twenty-five dollar gold coin that is 27.0 millimeters in diameter, weighs 16.996 grams, and contains one-half troy ounce of fine gold.
“(9) A ten dollar gold coin that is 22.0 millimeters in diameter, weighs 8.483 grams, and contains one-fourth troy ounce of fine gold.
“(10) A five dollar gold coin that is 16.5 millimeters in diameter, weighs 3.393 grams, and contains one-tenth troy ounce of fine gold.

(b) Section 5112 of title 31, United States Code, is amended by adding at the end thereof the following new subsection:

“(i)(1) Notwithstanding section 5111 (a)(1) of this title, the Secretary shall mint and issue the gold coins described in paragraphs (7), (8,) (9), and (10) of subsection (a) of this section, in quantities sufficient to meet public demand, and such gold coins shall

“(A) have a design determined by the Secretary, except that the fifty dollar gold coin shall have –
“(i) on the obverse side, a design symbolic of Liberty; and
“(ii) on the reverse side, a design representing a family of eagles, with the male carrying an olive branch and flying above a nest containing a female eagle and hatchlings;
“(B) have inscriptions of the denomination, the weight of the fine gold content, the year of minting or issuance, and the words ‘Liberty’, ‘In God We Trust’, ‘United States of America’, and ‘E Pluribus Unum’, and
"(C) have reeded edges.

“(2)(A) The Secretary shall sell the coins minted under this subsection to the public at a price equal to the market value of the bullion at the time of sale, plus the cost of minting, marketing, and distributing such coins (including labor, materials, dies, use of machinery, and promotional and overhead expenses).

“(B) The Secretary shall make bulk sales of the coins minted under this subsection at a reasonable discount.

“(3) For purposes of section 5132(a)(1) of this title, all coins minted under this subsection shall be considered to be numismatic items”.

(c) Section 5116(a) of title 31, United States Code, is amended by adding at the end thereof the following:

“(3) The Secretary shall acquire gold for the coins issued under section 5112(i) of this title by purchase of gold mined from natural deposits in the United States, or in a territory or possession of the United States, within one year after the month in which the ore from which it is derived was mined. The Secretary shall pay not more than the average world price for the gold. In the absence of available supplies of such gold at the average world price, the Secretary may use gold from reserves held by the United States to mint the coins issued under section 5112(i) of this title. The Secretary shall issue such regulations as may be necessary to carry out this paragraph”.

(d) Section 5118(b) of title 31, United States Code, is amended –
(1) in the first sentence, by striking out “or deliver”; and
(2) in the second sentence, by inserting “(other than gold and silver coins)” before “that may be lawfully held”.

(e) The third sentence of section 5132(a)(1) of title 31, United States Code, is amended by striking out “minted under section 5112(a) of this title” and inserting in lieu thereof “minted under paragraphs (1) through (6) of section 5112(a) of this title”.

(f) Notwithstanding any other provision of law, an amount equal to the amount by which the proceeds from the sale of the coins issued under section 5112(i) of title 31, United States Code, exceed the sum of –
(1) the cost of minting, marketing, and distributing such coins, and
(2) the value of gold certificates (not exceeding forty-two and two-ninths dollars a fine troy ounce) retired from the use of gold contained in such coins,
shall be deposited in the general fund of the Treasury and shall be used for the sole purpose of reducing the national debt.

(g) The Secretary shall take all actions necessary to ensure that the issuance of the coins minted under Section 5112(i) of title 31, United States Code, shall result in no net cost to the United States Government.

PUBLIC LAW 99-185—DEC. 17, 1985 99 STAT. 1179

Effective Date
Sec 3. This Act shall take effect on October 1, 1985 except that no coins may be issued or sold under section 5112(i) of title 31, United States Code, before October 1, 1986.

If the campaign trades in the gold or silver for FRNs then they will have to pay a capital gains tax on the difference AND most likely have to refund the balance of $5000 because it would be considered an "in kind" donation.

Then they'd have to report YOU for trying to donate more than the limit.

Using both FRN and face value is what will wind you up in jail. Don't do it.

No, you can donate gold and silver coin for face value, BUT the campaign CANNOT convert it to FRNs. They have to use it at face value AS IS. (meaning they have to spend the coins directly)

Now, that doesn't mean whomever they use it with has to give them say 5,000 face value FRNs worth of goods or services. A seller is perfectly free to offer a huge point of sale discount so that the campaign gets their full value for the coins. For example, a consultant might normally charge say 70,000 FRNs for their services. (cheap, I know) but since this is the RP campaign, they may agree to charge only $5000 if paid in gold. So the RP campaign pays with $5000 face value in gold, and they get the services. They've maintained proper accounting for their books. They realize no capital gain. (the consultant discounted his fee for the method of payment convenience) And best of all, you don't get a call from the Feds about trying to skirt campaign finance laws.

If the consultant knows what's good for him, and he may even be required to do so to protect the campaign, he too might have to spend the $5000 in gold the same way with someone else. Really, it is to everyone's advantage to continue doing this on down the line. This is how gold and silver circulate and how we restore true value to our pricing schemes. (transitioning them from FRN based to gold and silver based)

Of course, this will serve the campaign better to donate silver, since $5000 in Silver Eagles would be equivalent to about 245,000 FRNs in goods and services. A far greater number than 70,000 if you donated gold. Odds are as well, more people will have silver to donate anyway.

Addressed EXACTLY like this:

From

Joseph-Hammond: Baxter
c/o 4567 Greenwald Street
Newark, New Jersey uSA [34567]
non-domestic without prejudice

To

Ron Paul

c/o Ron Paul 2012 Presidential Exploratory Commitee
845 Plantation Drive
Flute, Texas uSA [77566]
non domestic without prejudice

Handwrite everything on the envelope in blue ink only. Be sure the Post Office uses stamps only and not metered postage. Stamps are for living humans to use in the private international jurisdiction. Metered postage is only for use by corporations within the corporate world.

Mark Private and Confidential on the face of the envelope in red ink. Do not insure the package. Insurance is admiralty jurisdiction. I would suggest you lie the coins on some blue painters tape, then cover them up with another layer and pack them all in a tight cardboard sleeve BEFORE you go to the Post Office. Do not tell the Post Office clerk what you are sending. Make it look like a thin book or documents. You can probably send a dozen or so ounces at a time this way.

You can also ship bullion in unlimited quantities as long as you address the package exactly as I specified. Bullion has no face value for legal tender and is not "within" U.S. Government Corporate statutory jurisdiction. It is a private matter and none of their business. Let's give Ron a Treasury full of real money! I think this single act would end The Fed and restore The Republic.
He who has The Gold rules. In this case Silver will actually be better because The Republic was based on The Silver Dollar not Gold. Who has most of the silver in America? Ron Paul supporters!
You could also send a Silver Bond in any amount you wish if you are concerned about interference and disloyalty by Post Office employees. The Silver Bonds could act as silver certificates to stand up a new United States Treasury. We can each issue Silver Bonds in the exact amount of silver we hold. We don't need no stinking Feudal Reserve Bunk! We are The Money. We are The Bank.

The Post Office was created before The United States Constitutional Republic specifically for this day. The Congress at the time knew that if The Republic Government ever fell or was compromised that the People would need to be able to communicate with each other to stand up a new government.
Let's use it to restore our fallen Republic!
The Post Office is two jurisdictions above U.S. Government. U.S. Government is currently a captive private corporation held by foreign bankers. The Post Office is above The Republic Jurisdiction.
The Republic Jurisdiction is above any corporations, especially a private foreign banking cartel.
Do not confuse The Post Office with U.S. Postal Service. That is just a corporation currently franchised to run The Post Office until The Republic Re-Convenes it's Congress and decides what to do.

Do not tender any corporate paper (check, credit card, fed notes) for the registered mailing. Only give them Republic coins.

Restore real money, restore The Republic.

It is that simple.

Let's be real.

The Oracle

Use the leverage against the bad guys! LOVE IT!

How do ya like me now, Ben? Bwahahahahahaha!

And let the campaign hold onto it as it goes up.

By May 1st, if all goes to plan with Silver.. I will donate 70k. This is the exact reason I wanted people to research silver and this next leg up. cross your fingers.