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Originally Posted by Captain Grizzly
All I know is that it has been that way since the first beta. The devs have had reports about it going back to then. So either thats the way it's supposed to be or it's not an urgent issue for the devs. Either way, now that you know you have to stay below the max to keep getting rep, you can control the amount of your gold. Lose it at poker or do what we did in beta 1. Buy the most espensive ship and sell it back, cuts your gold in half just like that.
And I still sail through islands on occassion and crash  Of course that could just be the rum 
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Hmmm... it must be a bug, because it isnt happening to everyone who reaches 60k. I dont think it's intended (at least not the part about not being able to level weapons or notoriety). Myself and several friends have all bought war frigates in the past and had to reach 60K to get them, and none of us are unable to leavel weapons, and are all still working on maxing them.
I didnt even know anything about it until just now. Does it only happen if you reach 60K while playing poker (I was just shy of 60K after a hand of poker, and killed a soldier for the rest, before buying my frigate)? Wow, that would be a bummer. After you reach level 30, and there are no more quests, thats like your main goal... to max your weapons.