@John James:
I’m not “refusing” to buy Kruggerands, so much as preferring specie that is minted in the U.S., and denominated in dollars (not bullion). That’s partly because it is freely convertible without being taxed by one State thus far (only U.S. Minted specie is included in the act), but mainly anticipation of a fiat plunge, especially when the dollar loses its global reserve currency status, and how well known and easily convertible such coins are.
I buy so-called “junk” coins. I don’t care a whit about numismatic value, and I don’t treat gold and silver coins as “commodities”, even though they are that as well. Furthermore, I don’t see them as “investments”. I am not looking to "take a profit. I am fully aware that when the “fiat dollar price” of gold and silver coins goes up, the only thing that substantially changed over time was the value, or purchasing power, of the fiat currency itself, and not the coins.
Under our goofy little current system, where so many things are reckoned with backwards “fiat-centric” logic, if I put U.S. minted [junk] coins under a mattress, and pull them out ten years later, and the price of those coins in Fed notes has gone up, somehow that represents a capital “gain”, rather than the fiat currency “loss” that it really is. The coins retained their purchasing power, with no “gain” to it.
In Utah, the capital gains tax (at the state level anyway) was removed, and, as I said, coins minted by the US mint were declared legal tender in that state. That opens the door, at least in that state, should I choose to eventually go there, to participate in an economy, and in a state, that is not afraid to challenge the Fed, and pave the way for alternate currencies.