The listing, Ultra Rare GSC 1/2 oz silver coin has ended.
Ultra rare, Gold Standard Corporation 1/2 oz. silver coin
Circulated condition (See pics for condition)
I DARE YOU to find another one for sale ANYWHERE !!!
Most of these coins were seized in a sting operation of Mr. Braun's businesses in the late 80s and early 90s
1981 Friedrich Hayek and "Denationalization of Money" on the Obverse
G.50 "For Integrity there is no substitute" on the reverse
The Gold Standard Corporation was founded in Kansas City, Missouri by Conrad J. Braun, circa 1977. He purchased gold and silver (“For Integrity There is No Substitute”) from the U.S. Treasury in 1980, minted his own coins, and sold them to the public. The denomination of these coins (and notes as well) is the Gold Standard Unit. Along with promotional slogans like “Sound Commercial Banking”, “Denationalization of Money”, and “Free Choice of Currencies”, each coin bears the image of a different free-market economic theorist.
Mr. Braun stated that his coins were an attempt at “alternate money.” His first task was to “decimalize [the] ounce”, a concept which was pretty “Radical at the time”. He says that a viable system of substitute money like the one he developed is “Needed now more than ever.
There were four coins minted in his flagship series,
1/4 Gold Standard Unit 0.25oz Henry Hazlitt - Free Choice of Currencies - Stuck at American Pacific Mint in 1981.
1/2 Gold Standard Unit 0.50oz Friedrich A. Hayek - Denationalization of Money - Stuck at American Pacific Mint in 1981.
1 Gold Standard Unit 1.00oz Edward C. Harwood - Sound Commercial Banking - Stuck at Roger William Mint in 1981.
The Harwood piece, one ounce was minted in gold, silver, and platinum. The other three coins in this suite are: a 0.50 oz. piece (Friedrich A. Hayek, minted in gold, silver, and platinum), a 0.25 oz. piece (Henry Hazlitt, minted in gold, silver, and platinum), and a 0.10 oz. piece (Adam Smith, minted in gold and platinum).