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Liberty Dollars - Potential seizure as contraband
astrorat
Posts: 9,221 ✭✭✭✭✭
From a CoinWorld email ... interesting.
"Federal officials now say that Liberty Dollars may be subject to seizure as "contraband."
The U.S. Attorney's Office that prosecuted NORFED founder Bernard von NotHaus states that individuals owning Liberty Dollars could have them confiscated, even if they are just holding them in their collection or displaying them for educational purposes, a reversal of earlier comments from the same office. In addition, a U.S. Secret Service official stated that while he could not offer a formal ruling, he suggested that Secret Service agents would be duty-bound to confiscate the medallions once marketed as an alternative currency before the arrest and conviction of von NotHaus on federal charges, including counterfeiting.
Concerns about the possible confiscation of the medallions led ANA officials to reject a collector's request to exhibit his collection of Liberty Dollars during the recently concluded ANA World's Fair of Money."
There appears to be a full article in the current issue of CoinWorld (sorry, no link).
"Federal officials now say that Liberty Dollars may be subject to seizure as "contraband."
The U.S. Attorney's Office that prosecuted NORFED founder Bernard von NotHaus states that individuals owning Liberty Dollars could have them confiscated, even if they are just holding them in their collection or displaying them for educational purposes, a reversal of earlier comments from the same office. In addition, a U.S. Secret Service official stated that while he could not offer a formal ruling, he suggested that Secret Service agents would be duty-bound to confiscate the medallions once marketed as an alternative currency before the arrest and conviction of von NotHaus on federal charges, including counterfeiting.
Concerns about the possible confiscation of the medallions led ANA officials to reject a collector's request to exhibit his collection of Liberty Dollars during the recently concluded ANA World's Fair of Money."
There appears to be a full article in the current issue of CoinWorld (sorry, no link).
Numismatist Ordinaire
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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Comments
Fun stuff.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
they pursue these way more agressively than the imported fakes.
at least the NORFEDs are easy to know what they represent.
<< <i>I can't believe they are afraid of these things.
>>
"They" are not "afraid" of anything. They are in control and can do almost anything they want. They are showing who is boss.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Now I want one.
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto
<< <i>
<< <i>I can't believe they are afraid of these things. >>
"They" are not "afraid" of anything......... >>
.........except the next election.
Worry is the interest you pay on a debt you may not owe.
they seem to take turns being in and out of office.
it's not like either is going to be defunct anytime soon.
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto
<< <i>Glad I invested in these:
Those are next. Mickey is a threat, a terrorist actually.
One obvious move is to pressure ebay to ban the listing of Liberty Dollars.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
And some wounder where tax payers money goes to?
<< <i>Quick Fix:
That would fix not only the short term but long term financial ailments of this place for sure
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
if you don't know what this thread is about....I didn't.
-Keith
You bought this item
Half Oz 999 2010 Ron Paul Norfed
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
next thing you know they'll be wanting my '33 double eagle.
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto
Box of 20
<< <i>Quick Fix:
that might very well sum it up
Worry is the interest you pay on a debt you may not owe.
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto
Glen Kessler, assistant special agent in charge in North Carolina for the U.S. Secret Service, said we'll know more in a few weeks.
<< <i>Guess I won't be using the Langfords' attorney, but I will be calling Ron Paul as an expert witness for the defense.
next thing you know they'll be wanting my '33 double eagle. >>
or my 64 Peace $ from Daniel Car
<< <i>I think the bottom will fall out on price, especially on ebay, as everyone scrambles to get rid of them. Most of them were purchased well below current melt. I'm a buyer at below melt. >>
I'd take a chance on one at below melt, too.
interesting piece of exonumic history. but I'm not interested in paying any significant premium for one.
Ron
this way i don't have any legal issues to worry about
Sometimes the dragon wins
They chase this stuff for thirty years, then retire, with a full pension. What a job!
Who pays for this?
<< <i>that is why i buy legal coins made by the US mint, not by some person or company that isn't permitted to mint by the govt
this way i don't have any legal issues to worry about >>
That's what Izzy thought when he bought those ten double eagles in 1933.
Worry is the interest you pay on a debt you may not owe.
<< <i>If Ron Paul is elected President...do you think the witchhunt will cease? >>
Yes. He may even make these legal tender.
Worry is the interest you pay on a debt you may not owe.