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Is Land Purchased with Silver a higher form of Ownership?
There has been a series of discussions in my neighborhood that if you purchase land entirely with silver coin, between two individuals, that the title to the land, will be upheld in Michigan, as a higher title than that held by the state (in the form of a warranty deed). The argument has been taken to the point; that since the seller has received something of more value, silver, from the buyer than what is provided by the state, as a vehicle of conveyance, that the land is now no longer taxable because of the silver bill of sale between two individuals with the state excluded. Note: Since the act of registration is in essence handing over that asset being registered, a copy of the bill of sale was handed over to the County Register of Deeds as proof of sale. Will this preclude the buyer of paying property taxes and will the "authorities" be able to refuse vital services (fire, police protection...) Opinions?
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Ignorance is not a valid excuse
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