New Liberty Dollar

When I bought mine Obama had just been ushered into office. History proved it was a no brainer the economy would tank big time, so I knew I people would want PMs and they were going to go up - just common sense.

In the area I live, there is an indoor farmers' market that, at that time, had a machine for dispensing Liberty dollars. This is how I learned of the NORFEDs.

Seeing the prices previous NORFEDs were already bringing (from a numismatic point of view) I did not see how NORFED rounds would decrease in value even if D.C. became pro-American at some point in the future.

Sure enough, NORFEDS still bring higher premiums if sold where collectors can get them. Even the ones I had are selling now for around 45.00 - 48.00 each. While the ASEs are nowhere near this. In the future, I see these as being similar in collectability to other private issued currencies that became popular in their own day.

BTW - I love ASEs!

At the time I was not fully aware of the "political" aspect of them. But as I looked into them more (after I had bought some instead of ASEs), I found myself liking someone's PM based specie idea had taken off.

@Steve:
You may be correct on the Feds being able to get these guys on technicalities of syntax. But from what I understood at the time, NORFED was saying "inflation proof" in terms of a silver dime can still buy, in today's world, the same amount of goods it did in the 60s (maybe a little more). In this way silver backed money is "inflation proof." Its value is not determined by a bunch of bureaucrats who have given themselves an unlimited ability to make as much "money" as they want (since its based on nothing).

Yes, you are correct in that the market bounces up and down, but I think (note that word) that pretty much a silver coin has retained its buying power while the dollar has sunk.

Currently there are many areas where our Constitutional rights are being assaulted. When reading everything I could on the trial - from both sides - the main problem I had with the case against Nathaus is that the FBI's position would allow the government the power to to tell people what they could and could not take as payment for a service/product. Also, the FBI's argument manipulated the data in their favor by showing the large, OZ coins next to an enlarged picture of a Mercury dime in an effort to show how much the NORFED stuff "looked like" US coinage. To me this was deceptive - sort of a white lie.

I aslo agree with you that the new people could make their stuff 12 sided or something would totally erase the ridiculous "counterfeit" idea.

Although I think a 3rd grader can tell the differences of the orginal NORFED oz.s and a real coin easy enough.

Another thing that really bothers me is that by definition a counterfeit is something meant to deceive a person into taking something of lesser value for payment. I find it very interesting that the original NORFED rounds could be called counterfeit from the standpoint that even if someone mistook one for the only coin that vaguely resembles them in size - a Peace dollar - since the NORFED is 1 ounce - it is actually worth more in melt that the Peace dollar! The person would be getting something worth MORE than what they thought it they were. I am sure there is a reason Henning did not make his nickels out o silver!




This may be. But I also have to wonder if the newbies are not just taking the design since it already has such a widespread usage as compared to any other barter currency made? I think the fact that NORFED rounds became so popular (something like 6 million being used at the peak) was the reason the Feds nailed NatHaus, and why the Fed wants to wipe out anything having to do with them from the public eye (such as telling ebay they cannot allow auctions containing NORFED rounds).

Aha, found it! SteveCaruso had an idea about a year ago on putting silver coins back into circulation with "HardCash" cards worth their weight in silver at current prices. You can find this discussion at https://goccf.com/t/127885

less government=more freedom
big government= less freedom
Thomas Jefferson said " A Government big enough to give you everything you want, is big enough to take everything you have."
Precious metals are real money. They have not ever lost their value. Right now we are looking at their value in relationship to a manipulated lie called fiat currency. It's no wonder that value is so volatile. Just like any lie it grows and they have to keep making more. We all know what happens to lies in the end. Keep saving your real money,I say. Let them keep printing the lies. Hold on to your principles. We can make this country strong again. Soon people will be looking for real leaders, and principled men can step into the vacuum.

Regardless of who said it, It is true. You can quote me on that. People can manipulate anything including silver. That does not change the fact that the federal reserve is creating currency out of nothing, backed by nothing but lies and promises, and inflating exponentially. It simply factually cannot and will not last. My point is that silver will still be valuable when our dollar is worth nothing.

I would rather stick with money that has retained it's value since ancient Egypt. What I gave before was the definition for fiat currency not money. There's a big difference in staying power there. Fiat currencies always fail over and over again. Precious metals however, have not, since we began to record history. That's a good enough track record for me.

When have PM's failed as money? I have never heard of this. Unless they are outlawed for use as money by Governments to be replaced by fiat currency. Fiat means by command. Governments are creating currency by command, backed by nothing. PM's are intrinsically valuable to humans backed by themselves in and of themselves. I completely agree that with some responsible leadership, we can get our economy under control. Our fiat currency will still inflate though. Just in my lifetime I have seen it's value drop significantly, and they didn't print anywhere near as much as they are today.

I have a hard time getting behind these weird rounds made just to fight the government. If I wanted to make an alternative precious metal currency I'd focus more on making the coins look nice, artistic and spendable than sticking as many Liberty/Freedom/etc. motifs as possible on the same coin.