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Government to return seized "Liberty Dollars"

CaptHenwayCaptHenway Posts: 32,145 ✭✭✭✭✭
in Precious Metals
Per Coin World:

link
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.

Comments

  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>Per Coin World:

    link >>



    "Millions of dollars in Liberty Dollar medallions seized by federal authorities in 2007 are to be returned to their owners."

    Will eBay allow them to be listed again?
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • IcollecteverythingIcollecteverything Posts: 1,031 ✭✭✭
    Only took them 8 years! Too bad if you went broke during those years.

    Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    So, it appears that these are legal to own as a collectible, as long as you don't use them as money or promote them as money.

    They would arrest you for using seashells as money if they thought it competed with fiat.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    I guess they will become just another silver round worth melt.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,293 ✭✭✭✭✭
    Confiscated when silver hit $15. Returned when silver hit $15.
  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭


    << <i>Confiscated when silver hit $15. Returned when silver hit $15. >>



    Coincident or planned?image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    Manipulation at work?image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭


    << <i>So, it appears that these are legal to own as a collectible, as long as you don't use them as money or promote them as money.

    They would arrest you for using seashells as money if they thought it competed with fiat. >>



    As they should. Otherwise, scammers would issue their own "money" and defraud people.

    Liberty: Parent of Science & Industry

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    <<They would arrest you for using seashells as money if they thought it competed with fiat. >>

    As they should. Otherwise, scammers would issue their own "money" and defraud people


    As opposed to the closely-held and privately-owned Fed issuing their own "money" from thin air, handing it over to their cronies and defrauding the rest of us.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,293 ✭✭✭✭✭


    << <i><<They would arrest you for using seashells as money if they thought it competed with fiat. >>

    As they should. Otherwise, scammers would issue their own "money" and defraud people


    As opposed to the closely-held and privately-owned Fed issuing their own "money" from thin air, handing it over to their cronies and defrauding the rest of us. >>



    Check out the U.S. Mint sales figures. They have no real competition except from Canada, Australia, U.K., China, Mexico, South Africa, and a few other countries minting silver as money with a high premium to spot.

    It's a government issue market, not necessarily it's citizens.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    The court decision - what's counterfeit and what's not.

    also a good site for info on the various liberty dollars.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    As opposed to the closely-held and privately-owned Fed issuing their own "money" from thin air, handing it over to their cronies and defrauding the rest of us. >>

    That's certainly one way to look at it, and you're far from alone.

    Liberty: Parent of Science & Industry

  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>The court decision - what's counterfeit and what's not.

    also a good site for info on the various liberty dollars. >>



    Thanks, derryb...that answered my eBay question.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    are these good collectibles?

    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 36,823 ✭✭✭✭✭


    << <i>are these good collectibles? >>


    I think so, more so when they were outlawed. Check my website link for rarity among the selections.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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