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submitted 1 month ago by jeffw@lemmy.world to c/politics@lemmy.world
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[-] nemonic187@lemmy.world 58 points 1 month ago

Money laundering. That’s what this is.

[-] Agent641@lemmy.world 33 points 1 month ago* (last edited 1 month ago)

It's not money laundering to sell dumb shit to idiots, like coins to magas, or bathwater to thirsty teenagers, or dogecoin to me

[-] rbn@sopuli.xyz 31 points 1 month ago

I have no clue if there's indeed any proof for such a claim, but the theory that I read elsewhere is that it's a way to obfuscate money flows.

If a foreign nation (Russia, China, North Korea, whoever) would like to engage in the election, they can't just donate to the campaign officially. But instead, they could buy a couple thousands of these coins in smaller transactions.

TBH I'm rather with you. I think the majority of these coins is just bought by some MAGAs. For foreign nations there'd be probably more efficient ways to transfer money like shares etc.

[-] nemonic187@lemmy.world 3 points 1 month ago

Pretty much exactly this.

[-] nemonic187@lemmy.world 9 points 1 month ago

It is if someone from outside the US, who can’t legally donate to Trump’s campaign, buys 100 of these.

[-] knobbysideup@sh.itjust.works 3 points 1 month ago* (last edited 1 month ago)

It certainly is if most of the dumb shit is bought by foreign powers as a way to fund a campaign. See also bibles, nfts, sneakers.

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[-] Brkdncr@lemmy.world 4 points 1 month ago
[-] nemonic187@lemmy.world 6 points 1 month ago

Foreign investor buy dozens of these coins. People that probably shouldn’t be “donating” to American politicians cuz they want something in return.

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[-] NateNate60@lemmy.world 38 points 1 month ago* (last edited 1 month ago)

I saw these being talked about on r/silverbugs, Reddit's silver-collecting community. There is definitely a higher-than-usual concentration of Trump supporters there and even they were lambasting it for being a dumb thing to buy.

The thing is, these can't even legally be called "coins". A coin is only called that if it's made with sanction from the state. Privately-made coin-like objects are "rounds". Silver rounds are pretty common and are basically all worth melt value. I have no doubt these "commemorative ~~coins~~ rounds" will meet their end five or ten years from now in someone's backyard kiln who will unceremoniously melt them down and cast them into some nice jewellery or a silver figurine.

Edit: I actually have some Trump design silver rounds. Not official Trump products, of course (or maybe they are, IDK). They are very common and worth nothing more than melt value. I paid melt value of these two. I traded one of them to my former roommate who's a Trump supporter for a cod.

Definitely going to keep the "never surrender" round that has his mugshot that they took after he surrendered though.

[-] ripcord@lemmy.world 19 points 1 month ago
[-] Nednarb44@lemmy.world 13 points 1 month ago

Either a nice fish dinner or one of the call of duty games. Hard to say

[-] NateNate60@lemmy.world 12 points 1 month ago

I'm talking about the fish. Four packs of vacuum-packed fresh-caught cod fillets for one ounce of silver.

[-] yeather@lemmy.ca 6 points 1 month ago

Just as our ancestors intended

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[-] match@pawb.social 15 points 1 month ago

melt value is like $35? if it's actually as pure as they say and i do not fucking trust them with anything

[-] captainlezbian@lemmy.world 5 points 1 month ago

Half lead certainly sounds like what they’d call 99.99% silver

[-] NateNate60@lemmy.world 5 points 1 month ago* (last edited 1 month ago)

It's easy to test. There's a machine called a Sigma Pro that can test the purity of silver. It costs around a thousand dollars and every pawnbroker and coin dealer has one. If it isn't pure, they'll get busted immediately.

[-] rustydomino@lemmy.world 3 points 1 month ago

Can you not use Archimedes’ principle to determine silver purity? A decent kitchen scale and something to measure volume?

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[-] nemonic187@lemmy.world 4 points 1 month ago

One fish please!

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[-] jordanlund@lemmy.world 34 points 1 month ago

“1oz .999% silver medallions”

So 3x the price of other 1 ounce silver rounds?

https://sdbullion.com/silver/silver-rounds/1-oz-silver-rounds

[-] mercano@lemmy.world 19 points 1 month ago

You can’t launder foreign campaign donations by selling things at wholesale prices.

[-] ayyy@sh.itjust.works 8 points 1 month ago
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[-] FuglyDuck@lemmy.world 7 points 1 month ago

"C'mon. it's got his ugly face stamped on it. That's worth atleast 47x on it's own!" -Trump, probably.

[-] jordanlund@lemmy.world 16 points 1 month ago

24 ounce "Trump Train" - $856:

[-] FuglyDuck@lemmy.world 14 points 1 month ago

That's.... uh...

I'm lost for words.

[-] vaultdweller013@sh.itjust.works 13 points 1 month ago

I want to melt it down and turn it into a bullet, I then want to shoot whoever designed it for cringe.

[-] bitwolf@lemmy.one 6 points 1 month ago

Dude needs to learn some body positivity and embrace his true form

[-] OldWoodFrame@lemm.ee 3 points 1 month ago

It really doesn't look like him. The hair can only do so much, it looks more like JFK than Trump.

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[-] CharlesDarwin@lemmy.world 4 points 1 month ago

The people buying this shit would love to be putting people onto trains, so this tracks.

[-] just_another_person@lemmy.world 20 points 1 month ago
[-] MushuChupacabra@lemmy.world 20 points 1 month ago

This is quite reasonable; his base are fucking idiots, and fall for this shit all the time.

[-] FuglyDuck@lemmy.world 8 points 1 month ago

remember his NFT drop?

dumbasses.

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[-] Badeendje@lemmy.world 19 points 1 month ago* (last edited 1 month ago)

Can you imagine the horror on the faces of some future generation of they find these things in between the belongings of their grandparents after they pass away.

Or maybe they will think they're rich and can finally afford that new roof for the trailer.

[-] ayyy@sh.itjust.works 8 points 1 month ago

Nazi memorabilia does quite well on secondary markets still. How is this any different? Humans will always have a morbid fascination with idiots of the past.

[-] JeeBaiChow@lemmy.world 16 points 1 month ago

And the republicans will just say he's being enterprising.

[-] Irremarkable@fedia.io 12 points 1 month ago

To be completely fair, this is the sort of thing he's done for forever now. A significant portion of his wealth comes from simply licensing the Trump name

[-] Suavevillain@lemmy.world 12 points 1 month ago

The Con-Man loves to get his base to buy junk.

[-] anticolonialist@lemmy.world 10 points 1 month ago

Conman trying to con, news at 11.

[-] Mister_Feeny@fedia.io 9 points 1 month ago

“1oz .999% silver medallions”

So the coins weigh 1 oz, and are, for all intents and purposes, 1% silver? According to a quick google, silver is worth $31.07 an ounce today. So these coins have 3.1 cents worth of silver in them.
And he's selling them for $100 each.

Or is the decimal used differently here because the Guardian is British and in this context it means 99.9%?
In that case it's $31 worth of silver sold for $100, but that seems a downright generous investment when it comes to Trump merchandise, so I'm still guessing it's 3 cents worth of silver.

[-] jordanlund@lemmy.world 11 points 1 month ago

When you see "1 oz of .999 fine silver" that means it's almost pure silver. 1.0 would be 100% pure. This is 99.9% pure.

https://topvegasbuyer.com/blog/the-truth-about-999-u-s-silver-coins/

You can also get .9999 silver.

[-] NABDad@lemmy.world 6 points 1 month ago

Except, the article has it in quotes:

“1oz .999% silver medallions”

Which suggests to me they are quoting the announcement.

Given the nature of the person selling them, it would be safer to assume they want you to believe the percent sign is misplaced so that you buy it, but then when you realize it's less than 1% silver you can't get your money back.

[-] yeather@lemmy.ca 3 points 1 month ago

I checked out the website and it says 1oz .999 silver. Melt value of about $35. Still a grift but not that bad.

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[-] BlueEther@no.lastname.nz 8 points 1 month ago

If I could get one for the actual price of silver (~31 USD/oz) I think I might just get one - for the "remember this dipshit?"

[-] HakFoo@lemmy.sdf.org 9 points 1 month ago* (last edited 1 month ago)

Check a local coin dealer/show.

Silver ounce rounds come in infinitely many designs, and there are a lot of right-wingers in those interest groups.

I'm pretty sure I've seen them done up with his ugly maw on. I think sometines as copper too.

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[-] Nougat@fedia.io 7 points 1 month ago

Why does he think I would buy a $90 coin? I mean, who in their right mind needs a $70 coin? I'm definitely not buying an $8 coin.

[-] NateNate60@lemmy.world 12 points 1 month ago

Trump designs are a dime-a-dozen in silver rounds. I've come across at least two just from buying random amounts of them in bulk from billion dealers.

They are sold to suckers for way too much money and then are sold back to bullion dealers for a dollar fifty under their melt value so that the sucker in question can make the interest payment on their Ford F150. They eventually meet a gnarly end in someone's furnace after a few years and are cast into some actually desirable silver jewellery or silver bars.

[-] Zier@fedia.io 3 points 1 month ago

How about a ₽100 Ruble coin?

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[-] Nunar@lemmy.world 6 points 1 month ago

Trump is broke. He has no money.

[-] some_guy@lemmy.sdf.org 3 points 1 month ago

Buy as many as you can. Then wait to be as rich as he claims to be. What could go wrong.

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this post was submitted on 23 Sep 2024
347 points (96.8% liked)

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