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 Replies: 32 / Views: 3,683 |
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Pillar of the Community
United States
830 Posts |
That's not a bad idea mate, assuming you'll at least pay spot for them.
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Pillar of the Community
United States
4132 Posts |
I'm not sure what the controversy is... It's counterfeit money that was being passed off as legitimate currency, of course it should be confiscated. The government is just following the law and the secret service carrying out one of its normal duties. Sure, they're bad/weird counterfeits, but that's a subjective judgment.
Sure, they're going after the guy using "terrorism laws", but so-called "terrorism laws", "national security letters", etc. are mostly not used against terrorists anyway; they're mostly for going after drug dealers and potheads. The wretchedly named PATRIOT act was a bad idea and should be repealed, stem and root. It's still counterfeiting to call something a "dollar" when it's not real currency.
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Pillar of the Community
United States
3294 Posts |
I think you need to research what counterfeit means. If he had been making coins that looked like US coins and trying to pass them off as US coins, then that is counterfeiting. If he is instead making coins of his own design, and using them as an alternative to US coins, then that is not counterfeiting and in my view should be perfectly legal. |
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Pillar of the Community
United States
4132 Posts |
He tried to pass off his coins as having particular dollar values, and they were clearly intended to be used as money. For example, US Code, Title 18, Section 486: Quote:
Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title or imprisoned not more than five years, or both. Von NotHaus was convinced, and they seem to have had an open and shut case. |
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Pillar of the Community
United States
830 Posts |
Quote:
He tried to pass off his coins as having particular dollar values What was the dollar value of the 1 oz silver coin? |
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Pillar of the Community
United States
4132 Posts |
He rebased it periodically. It was $10 for the 1 oz. coin at one point, then $20.
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Pillar of the Community
United States
4008 Posts |
Quote:
If I owned any of them I'd be like Charleston Heston. You can have them when you pry them from my cold dead hands. Wasn't he the movie actor who always died at the end of his movies?  As to the Liberty Dollars... I am wondering why these cannot be kept as items of numismatic or historical interest. After all, some folks collect Confederate money and legally that too was "counterfeit". How is this any different? |
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Pillar of the Community
United States
830 Posts |
Quote:
As to the Liberty Dollars... I am wondering why these cannot be kept as items of numismatic or historical interest. After all, some folks collect Confederate money and legally that too was "counterfeit". How is this any different? Maybe because that was paper and this is silver bullion. I like the way they confiscated the blank unstruck rounds too. Since when is it illegal to have blank silver round disks?  |
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Valued Member
United States
333 Posts |
It was confiscated to be used as evidence and because it was the inventory for a future criminal act. It is also legal to own a house and car, but when you buy them with the proceeds of selling drugs they become confiscated as well.
That being said, even though his actions were against the law (and that is pretty clear), it is unfortunate that we live in such a society where the privately minted coinage isn't allowed to float on the free market as a form of barter/exchange.
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Pillar of the Community
United States
830 Posts |
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It was confiscated to be used as evidence and because it was the inventory for a future criminal act Allegedly  |
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Pillar of the Community
United States
1007 Posts |
Isn't all counterfeit money confiscated by the government?
Besides, I wouldn't take anything Lew Rockwell says seriously. He has a strong slanted political agenda he's trying to get across using internet forums.
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Pillar of the Community
United States
511 Posts |
As Ron Paul has pointed out, Ben Bernanke and the Federal Reserve are by far the biggest counterfeiters around.
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Pillar of the Community
United States
667 Posts |
In times of uncertainty it is easy to complain and rail against something. Today it is the Federal Reserve and the dollar.
While there are some good points to argue such as uncontrolled spending and growing debt the root of the problem is not the Federal Reserve.
Only foolish people think the larger problem would be solved by getting rid of the Federal Reserve or a adopting the gold standard.
The government has found ways to do the same things prior to the Federal Reserve.
"The budget should be balanced; the treasury should be refilled; public debt should be reduced; and the arrogance of public officials should be controlled." -Cicero. 106-43 B.C.
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Pillar of the Community
United States
830 Posts |
IMHO there is no good reason for a country to have debt to a Fed at all. We should just print our own money without debt to the banks. The trick is controlling the quantity. |
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Pillar of the Community
United States
4008 Posts |
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As Ron Paul has pointed out, Ben Bernanke and the Federal Reserve are by far the biggest counterfeiters around. Unfortunately, it is the law of the land that determines who the counterfeiters are and that law supports Bernanke and the Fed. Ron Paul is certainly entitled to his own opinion on this. I agree with some of it. My disagreeing with the law doesn't alter it, however. Quote:
Maybe because that was paper and this is silver bullion. So they have no problem with fiat currency of no intrinsic value but they do have a problem with non-government made coins that contain a PM? There are times when such things just stagger the minds of reasonable and intelligent people. :-/ |
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Posted 09/02/2011 10:40 am
