Are These Even Legal?

braddick

With the recent flap over the $10. Twin Towers coins and the lawsuit over any item that attempts to depict U.S. monies, I was surprised to see this auction running:

$10. U.S.A. "coin"

Is this legal?

dthigpen

100% Legal. Look on their web site for details, these are not commemorative coins.

edsondl

I don't know, but they have been around for a couple years.

braddick

<< <i>100% Legal. Look on their web site for details, these are not commemorative coins. >>

Are they even coins?

dthigpen

Technically yes. They are not backed by the federal reserve though (Like US Legal Tender coins are), they are backed with silver by a private institution.

dthigpen

Read about it here.

BeeMan

The disclaimer says:

"There are over $7 MILLION Liberty Dollars in circulation, with 100,000 people using it on a daily basis.

Nothing in this listing is meant to imply that the Silver Liberty is Legal Tender. It is not government money."

Who are these 100,000 people using these coins on a daily basis and where are they spending them?

jmccarthy1983

Well mythical people will spend anything.

LincolnCentMan

Well, I'll say this... it looks a heck of a lot better than any Legal Tender we have circulating right now.

However, since participation is volentary, no one would be required to accept the coins as payment.

David

braddick

Well, I just bought these from the same Seller:
Cool Pewter "Coins"

I'll send them to SEGS and throw a couple up on eBay and see what happens.

dthigpen

I actually bought three of the $10 'liberty' coins from that seller this afternoon.

keets

hey Pat

you have to admit that the designs are at least attractive.

al h.

braddick

<< <i>hey Pat you have to admit that the designs are at least attractive. al h. >>

I do. They remind me of the Gallery Mint's Concept dollars.

Now, why can't the Mint design something along this Liberty line for our "golden dollars"?

LindeDad

Sorry but when the World market for one ounce of silver is ten dollars I might buy/use one of them. Till then there over priced bullion to me.

sumnom

I would like to know where these things are "circulating."

dthigpen

I received three of these coins today. They have a nice deep cameo finish on them with brilliant mirrors and came in air-tites (Paid 9.99 each). Neat coins, I like the obverse design. I just bought them for novelty and conversation value, you can read about them at Norfed's website. I'd never try to spend them though .

braddick

Doug, I received mine today too. They're kind of neat.