Anyone can lawfully make, buy or sell investment grade bullion silver rounds. We have created a very (hyper) liquid form of silver bullion for wealth preservation. We have denominated our silver in time value, for practical use today or tomorrow. The nature of our coin also creates an added collector's value.
Instead of selling your bullion online, or at coin shops, we have made it possible for participating 'retail partner' local shops to have the option of accepting our collectible bullion as a gift card or returned item, and to then issue store credit or US Dollars. This allows financial transparency and does not bypass the dollar, allowing the transaction to be taxed, if applicable, to the business or redeemer.
RIVERPASS HOURS are not intended, nor do we condone utilizing RIVERPASS HOURS to be used as current money. All federal, state and local tax laws must still be applied.
18 U.S.C. § 486 – Uttering coins of gold, silver or other metal
Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title or imprisoned not more than five years, or both.
"How can you claim to have 'the most liquid' wealth preserving asset on earth?"
An asset is something of stored value that you can own. Liquidity is a measure of how fast you can convert an asset into a desired service or good (cash is a good). We kept these principles in mind when designing the HOUR to be 'hyper-liquid'.
1.)Most know that silver has always had value, paper has no intrinsic value.
2.) The smaller denominational 1/10th round is more attainable for more people, and is more useful in the exchange for lower-priced items.
3.) By clearly stating ONE HOUR and the weight/purity of silver, the bullion's tangible value is conveyed to those unfamiliar with it. Hastening HOURS adoption from both retail partners and individuals alike.
4.) A marketed approach to continue growing the RIVERPASS TIME EXCHANGE is only adding to the HOURS utility, and encouraging quicker adoption from those who come into contact with them .
"Can't I buy 1/10th ounce coins/rounds in other places, like coinshops or at a bullion dealer?"
Yes, but you will see that there are only about 5 different designs of 1/10th ounce generic silver rounds online or in coin shops and the mint quality and level of interest, or uniqueness, are left wanting.
We wanted a collector quality 1/10th ounce round, and to satisfy our own standards, we had to make it. Most bullion dies are made without a plaster sculpt resulting in a much lower amount of detail, easier to counterfeit, yet lower cost to make. We didn't want to compete in that market, so we opted for the high road, with a highly detailed unique design.
No other company has put an entire world map on a 1/1oth ounce silver round. We also are the only maker of time-denominated silver bullion. This alone sets us above the rest.
The generic silver bullion is not compatible with the RIVERPASS TIME EXCHANGE structure, and therefore, not exchangeable among RIVERPASS retail partners. So, other bullion rounds may contain the same amount of silver, yet are not currently usable outside of a coin shop.
Are there any other benefits to owning physical silver?
New uses for silver in the health industry are being discovered at a steady pace. Yet we have known for centuries that a silver coin will keep a pitcher of milk or water from spoiling for much longer than without it. Silver is naturally antiviral, antifungal, and antibacterial. A silver coin placed over an open wound can ward off infection.
So it is safe to say that silver provides many crucial benefits to those that physically have some in their posession. In addition Colloidal silver can be readily made from bullion silver as well.
"Whats up with the actual designs on the RIVERPASS 1/10th oz. silver round?"
The front of the ONE HOUR round is the crest in circle design. The crest features two heraldic wolves and an oak tree.
It has been argued that the two wolves represent time and energy, both clawing at the four fruits (acorns) of life in health, wealth, family and friends.
On the obverse, or 'back' of the round, is a map of the earth 'as it is' showing that silver rounds are valued everywhere. This is a little small for a functional map, but in case anyone wants to try their hand at it's practical use, the scale is 1 millimeter = 2118 Kilometers. Good Luck!
"How does a person actually use an HOUR in a store or restaurant?"
When you are ready to pay for goods or services in a RIVERPASS retail partner shop, simply divide the dollar amount you owe by the HOUR value, and hand over that amount of HOURS to the clerk. Any fractional amount over the whole HOUR can be paid with a seperate card or cash, or you can over pay with HOURS by rounding up and receiving the change as store credit.
The shop employee will take your HOURS and input them into their system as a returned item in their inventory, to which the customer has been issued the dollar value in store credit.
So it is very simple on our end; We require no electricity, no cards, and no interface device.
"What's up with the other products that RIVERPASS has online?"
We always keep an eye out for quality products that are made in the USA.
All RIVERPASS merchandise is backed by a quality guarantee.
We only offer product that we use for ourselves. In fact, the products we carry are a direct result of not finding what we wanted in the existing marketplace. So you can be sure that any RIVERPASS product you enjoy, is made with the highest standards of excellence.