I didn't click through the link because I work for the government and I'm at a gov computer right now. The Liberty Dollar is a joke. The worst part is they are headquartered out of my home town, which embarasses me.
That did not prevent me from buying one off of eBay. It's a beautiful coin but designed for me to pull out and show kids, and say someday " this coin was banned by the US gov't and most of the people who worked for them are in Federal Prison right now".
Consider this. Liberty dollars say that Federal Reserve Notes are bad. Real Bad. Horrible.
So how do you buy a Liberty Dollar? What do they accept? Why Federal Reserve notes, of course!!!!
I emailed them and asked if I could send silver as payment. Answer. Nope. Please send your evil federal reserve notes.
Note: There's not a chance in the world I was buying them with silver I just wanted to see what the response was.
From a collectors standpoint it's a cool coin. From a currency standpoint, it's not worth going to jail over. There are two guys in the legal system right now who paid a vendor at a baseball game with them. I'm curious to see how it turns out.
And if 1 oz of silver is so great to trade with, why does Baron Von Nuthouse or whatever his name is just not encourage you to use Silver Eagles which are bullion. Legal bullion. One oz of silver is one oz of silver, right?
At my work someone convinced one of the cashiers to accept some of these as payment. We called the customer up and asked him to replace them with regular money. He refused so now he is talking to the police for passing counterfiet. The 2 coins he used were actual silver 1 and 1/4 oz. He passed them as a $20 and a $5 as is stated on them. So even considering the bullion he is about $10 short.
The major complaint I've heard about these is that they are claiming 1 oz of silver to have a $20 value which means they are printing money. That being said, ASEs are not a real alternative because they only have a face of $1, essentially non-circulating legal tender.
There's actually quite a few varieties that can be hard to find if you're collecting them. I like the first edition which says "The Shelter System" and the ones with the full torch but am not very excited about the later designs that cut off the torch. I wouldn't use them as cash and think you can even be arrested for attempting to do so, however I wouldn't mind picking up some of the earlier versions as collector items. I haven't been able to find the early editions on eBay, maybe I need to find a Liberty Dollar dealer. NGC won't grade these and I doubt PCGS will but ICG will. It could be interesting to get a few of the earlier versions into ICG slabs.
Liberty Dollars Not Legal Tender, United States Mint Warns Consumers Justice Determines Use of Liberty Dollar Medallions as Money is a Crime
Washington, D.C. — The United States Mint urges consumers considering the purchase or use of “Liberty Dollar” medallions, marketed by the National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code (NORFED), to be aware that they are not genuine United States Mint bullion coins, and not legal tender. These medallions are privately produced products that are neither backed by, nor affiliated with, the United States Government. Prosecutors with the Department of Justice have determined that the use of these gold and silver NORFED "Liberty Dollar" medallions as circulating money is a Federal crime.
NORFED is headquartered in Evansville, Indiana, and the medallions reportedly are produced by a private mint in Coeur d’Alene, Idaho. NORFED claims that more than $20 million dollars worth of Liberty Dollar coins and notes are in circulation.
Consumers may find advertisements for these medallions confusing and should take note of several issues related to them. The advertisements refer to the product as "real money" and "currency." These medallions might look like real money because they:
* Bear the inscriptions, "Liberty," "Dollars," "Trust in God" (similar to "In God We Trust"), and "USA" (similar to "United States of America"), and an inscription purporting to denote the year of production. * Depict images that are similar to United States coins, such as the torch on the reverses of the current dime coin, 1986 Statue of Liberty Commemorative Silver Dollar and 1993 Bill of Rights Commemorative Half-Dollar, and the Liberty Head designs on the obverses of United States gold coins from the mid-1800s to the early 1900s.
However, despite their misleading appearance, NORFED "Liberty Dollar" medallions are not genuine United States Mint coins, and they are not legal tender.
The advertisements confusingly refer to NORFED "Liberty Dollar" medallions as "legal" and “constitutional." However, under the Constitution (Article I, section 8, clause 5), Congress has the exclusive power to coin money of the United States and to regulate its value. The United States Mint is the only entity in the United States with the lawful authority to mint and issue legal tender United States coins.
Under 18 U.S.C. § 486, it is a Federal crime to pass, or attempt to pass, any coins of gold or silver intended for use as current money except as authorized by law. According to the NORFED website, "Liberty merchants" are encouraged to accept NORFED "Liberty Dollar" medallions and offer them as change in sales transactions of merchandise or services.
NORFED tells "Liberty associates" that they can earn money by obtaining NORFED "Liberty Dollar" medallions at a discount and then can "spend [them] into circulation."
NORFED’s "Liberty Dollar" medallions are specifically marketed to be used as current money in order to limit reliance on, and to compete with the circulating coinage of the United States. Consequently, prosecutors with the United States Department of Justice have concluded that the use of NORFED’s "Liberty Dollar" medallions violates 18 U.S.C. § 486, and is a crime.
<< <i>The major complaint I've heard about these is that they are claiming 1 oz of silver to have a $20 value which means they are printing money. That being said, ASEs are not a real alternative because they only have a face of $1, essentially non-circulating legal tender.
There's actually quite a few varieties that can be hard to find if you're collecting them. I like the first edition which says "The Shelter System" and the ones with the full torch but am not very excited about the later designs that cut off the torch. I wouldn't use them as cash and think you can even be arrested for attempting to do so, however I wouldn't mind picking up some of the earlier versions as collector items. I haven't been able to find the early editions on eBay, maybe I need to find a Liberty Dollar dealer. NGC won't grade these and I doubt PCGS will but ICG will. It could be interesting to get a few of the earlier versions into ICG slabs. >>
Yes, I did actually notice that there are some extreme rarities within the coins. Years from now collector's might actually be in a field known as 'Liberty coins.'
Scott Hopkins -YN Currently Collecting & Researching Colonial World Coins, Especially Spanish Coins, With a Great Interest in WWII Militaria.
Why don't they wait for the greenback to fail BEFORE they come in with their startup currency? That's what I am planning on doing. It is a 1 oz. silver coin with a face value of over $70 and its called the All-American Triple Eagle in Jesus We Trust Dollar.
It's funny that for payment for his REAL money he wants good ole American money orders, checks, & credit cards. I was hoping to use those buy 1 get 1 free cigarette coupons that I'm always getting in the mail.
Change that we can believe in is that change which is 90% silver.
coinguy89
Posts: 2,151
Comments
That did not prevent me from buying one off of eBay. It's a beautiful coin but designed for me to pull out and show kids, and say someday " this coin was banned by the US gov't and most of the people who worked for them are in Federal Prison right now".
Consider this. Liberty dollars say that Federal Reserve Notes are bad. Real Bad. Horrible.
So how do you buy a Liberty Dollar? What do they accept? Why Federal Reserve notes, of course!!!!
I emailed them and asked if I could send silver as payment. Answer. Nope. Please send your evil federal reserve notes.
Note: There's not a chance in the world I was buying them with silver I just wanted to see what the response was.
From a collectors standpoint it's a cool coin. From a currency standpoint, it's not worth going to jail over. There are two guys in the legal system right now who paid a vendor at a baseball game with them. I'm curious to see how it turns out.
And if 1 oz of silver is so great to trade with, why does Baron Von Nuthouse or whatever his name is just not encourage you to use Silver Eagles which are bullion. Legal bullion. One oz of silver is one oz of silver, right?
John
Never view my other linked pages. They aren't coin related.
There's actually quite a few varieties that can be hard to find if you're collecting them. I like the first edition which says "The Shelter System" and the ones with the full torch but am not very excited about the later designs that cut off the torch. I wouldn't use them as cash and think you can even be arrested for attempting to do so, however I wouldn't mind picking up some of the earlier versions as collector items. I haven't been able to find the early editions on eBay, maybe I need to find a Liberty Dollar dealer. NGC won't grade these and I doubt PCGS will but ICG will. It could be interesting to get a few of the earlier versions into ICG slabs.
Liberty Dollars Not Legal Tender, United States Mint Warns Consumers
Justice Determines Use of Liberty Dollar Medallions as Money is a Crime
Washington, D.C. — The United States Mint urges consumers considering the purchase or use of “Liberty Dollar” medallions, marketed by the National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code (NORFED), to be aware that they are not genuine United States Mint bullion coins, and not legal tender. These medallions are privately produced products that are neither backed by, nor affiliated with, the United States Government. Prosecutors with the Department of Justice have determined that the use of these gold and silver NORFED "Liberty Dollar" medallions as circulating money is a Federal crime.
NORFED is headquartered in Evansville, Indiana, and the medallions reportedly are produced by a private mint in Coeur d’Alene, Idaho. NORFED claims that more than $20 million dollars worth of Liberty Dollar coins and notes are in circulation.
Consumers may find advertisements for these medallions confusing and should take note of several issues related to them. The advertisements refer to the product as "real money" and "currency." These medallions might look like real money because they:
* Bear the inscriptions, "Liberty," "Dollars," "Trust in God" (similar to "In God We Trust"), and "USA" (similar to "United States of America"), and an inscription purporting to denote the year of production.
* Depict images that are similar to United States coins, such as the torch on the reverses of the current dime coin, 1986 Statue of Liberty Commemorative Silver Dollar and 1993 Bill of Rights Commemorative Half-Dollar, and the Liberty Head designs on the obverses of United States gold coins from the mid-1800s to the early 1900s.
However, despite their misleading appearance, NORFED "Liberty Dollar" medallions are not genuine United States Mint coins, and they are not legal tender.
The advertisements confusingly refer to NORFED "Liberty Dollar" medallions as "legal" and “constitutional." However, under the Constitution (Article I, section 8, clause 5), Congress has the exclusive power to coin money of the United States and to regulate its value. The United States Mint is the only entity in the United States with the lawful authority to mint and issue legal tender United States coins.
Under 18 U.S.C. § 486, it is a Federal crime to pass, or attempt to pass, any coins of gold or silver intended for use as current money except as authorized by law. According to the NORFED website, "Liberty merchants" are encouraged to accept NORFED "Liberty Dollar" medallions and offer them as change in sales transactions of merchandise or services.
NORFED tells "Liberty associates" that they can earn money by obtaining NORFED "Liberty Dollar" medallions at a discount and then can "spend [them] into circulation."
NORFED’s "Liberty Dollar" medallions are specifically marketed to be used as current money in order to limit reliance on, and to compete with the circulating coinage of the United States. Consequently, prosecutors with the United States Department of Justice have concluded that the use of NORFED’s "Liberty Dollar" medallions violates 18 U.S.C. § 486, and is a crime.
The United States Mint has a Consumer Alert with photos of Liberty Dollars at http://www.usmint.gov/consumer/index.cfm?action=HotItems
Contact: Press inquiries: Becky Bailey (202) 354-7222
why does Baron Von Nuthouse or whatever his name is
That's funny!
<< <i>The major complaint I've heard about these is that they are claiming 1 oz of silver to have a $20 value which means they are printing money. That being said, ASEs are not a real alternative because they only have a face of $1, essentially non-circulating legal tender.
There's actually quite a few varieties that can be hard to find if you're collecting them. I like the first edition which says "The Shelter System" and the ones with the full torch but am not very excited about the later designs that cut off the torch. I wouldn't use them as cash and think you can even be arrested for attempting to do so, however I wouldn't mind picking up some of the earlier versions as collector items. I haven't been able to find the early editions on eBay, maybe I need to find a Liberty Dollar dealer. NGC won't grade these and I doubt PCGS will but ICG will. It could be interesting to get a few of the earlier versions into ICG slabs. >>
Yes, I did actually notice that there are some extreme rarities within the coins. Years from now collector's might actually be in a field known as 'Liberty coins.'
-YN Currently Collecting & Researching Colonial World Coins, Especially Spanish Coins, With a Great Interest in WWII Militaria.
My Ebay!
The name is LEE!