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Republic Of Liberia $5 Coin  

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Valued Member
United States
360 Posts
 Posted 10/16/2012  8:50 pm Show Profile   Bookmark this topic Add YoungNumismatist to your friends list Get a Link to this Message
All I know about this coin is that it is from 2004 in Liberia and is a $5 coin. Can someone tell me the value and composition and just some more information about it. I looked but couldn't find anything.

Edited by YoungNumismatist
10/16/2012 8:57 pm
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12695 Posts
 Posted 10/17/2012  03:03 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
In 2004, Liberia was still recovering from a six-year civil war, during which time various factions had claimed to be "the" government of Liberia. Such anarchistic conditions are awful for the people actually living there but are ideal for private mints in other countries (in this case, America) wishing to strike "coins" that are "legal tender", since there's no easy way to check which faction, if any, actually authorized them as legal tender coins. A huge number of different types of "coins", legal quasi-legal and downright illegal, were issued in the name of Liberia after 1997 and a great many of these "coins" have been investigated by the cataloguers and deemed to not be official legal tender coins. This one is not yet listed in either the "Official" or "Unofficial" Krause world coin catalogues, so I guess the cataloguers haven't caught up to 2004 yet.

The base-metal ones generally are worth much less than the hyped-up price the private mint would have originally sold them for, and not even worth face value, if the face value were American dollars rather than Liberian dollars - the civil war caused the collapse of the Liberian dollar; one Liberian dollar is currently worth slightly more than 1 US cent. So any value it has is purely numismatic.

Here's one of your coins for sale on a German dealer website, for 4 euros. Judging from that price, I'd assume this is one of the base-metal types, presumably cupronickel.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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 Posted 10/17/2012  03:38 am  Show Profile   Bookmark this reply Add Anjohl to your friends list Get a Link to this Reply
I would love to have an actual Liberian Dollar. I think they minted them in the mid 60's only. These private mint coins for Liberia, Cook Islands, Gibralter, etc are authorized by poor countries to mints that promise the coins will never be redeemed, they will be hoarded. I remember reading that there were/are more coins minted in Liberian currency for collectors than the Liberian "government" could even accept.
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United States
360 Posts
 Posted 10/17/2012  9:16 pm  Show Profile   Bookmark this reply Add YoungNumismatist to your friends list Get a Link to this Reply
Thanks all. I got it just because it looked pretty cool.
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