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 Replies: 43 / Views: 3,108 |
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Forum Dad
 United States
24150 Posts |
 Government Moves To Keep $3M in Liberty DollarsThe Justice Department is seeking to permanently keep more than $3 million in coins that were struck by anti-government activists who aimed to create a new currency to compete against the greenback. In court papers filed in federal court in North Carolina, federal prosecutors say that they need another six months to complete their criminal investigation of the citizens who play a leading role in popularizing the alternative currency, known as the Liberty Dollar. A prosecutor for the U.S. attorney's office in Asheville, N.C., Thomas Ascik, also sought an order that would give the government title to the more than 7 tons worth of gold, silver, and copper Liberty Dollar coins that the government seized last year in raids in Indiana and Idaho, according to court papers. Just last week, a dozen Liberty Dollar supporters filed suit in U.S. District Court in Idaho demanding the return of the seized coins. Read Full Story | All Recent News
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Pillar of the Community
Canada
965 Posts |
It will be very interesting to see how this plays out.
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Pillar of the Community
United States
858 Posts |
they should melt them down and use for new coins.
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Pillar of the Community
United States
2443 Posts |
I think every coin should be distributed to a coin collector. ;)
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Moderator
 United States
6563 Posts |
 I should have bought a bunch of these when I had the chance! |
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Pillar of the Community
United States
2443 Posts |
Can't you still buy them off ebay for reasonable prices? I remember when this story broke, those coins were going for so much. |
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Pillar of the Community
United States
632 Posts |
Yeah, if only we could predict the market on these sort of things.
I read while reading this story that Ron Paul is up in arms about this. In the past he has actually put bills before congress to make competing currencies leagal in the U.S. I don't know enough about econonmics to understand what that would do to the economy and the American dollar. Nothing good I assume.
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Valued Member
United States
52 Posts |
So is it illegal to own these, or just illegal to try to use them as legal tender?
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Moderator
United States
6563 Posts |
Illegal to Mint them for use as an alternative form of currency.
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Moderator
United States
187702 Posts |
The legality or lack thereof has yet to be determined in a court of law. It is the accusation of the government that laws have been violated, while the makers of the Liberty Dollar maintain their right to barter with alternatives to Federally issued currency. Yes, this is a good case to watch.
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Rest in Peace
United States
2668 Posts |
Legality smegality. We're talking bout the govmint. If youse got money and they don't like you, they may raid your house just to see if they can catch you off base. I could cite just one case, but go look for yourself.
The cops did this to a man on the coast, and my brother, a cop at the time, defended them. We haven't had much to do with each other for a dozen years. Oh, yeah, in that case they shot and killed the unarmed home owner. And their dang snitch was unreliable, tweren't no drugs.
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Pillar of the Community
United States
1840 Posts |
I hope they keep the coins! Obviously NORFED never had the intention of barter in mind when they made these coins. Otherwise it would have been called Liberty Bullion not Liberty Dollar.
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Pillar of the Community
United States
543 Posts |
I hope they keeep them also!
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Rest in Peace
United States
2668 Posts |
Uninformed opinions are always disappointing.  |
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Valued Member
United States
254 Posts |
It is illegal to represent something as a US Dollar when it is not... so it is not illegal to own or use Liberty Dollars, it is only illegal to represent them as US Dollars. So you can't pay for your burger using Liberty Dollars unless you explain that they aren't legal US tender, and that the use of the Liberty Dollars is a barter transaction and mutually agreed upon by both parties. Kind of a pain for sure, but it can be done. Here is a thread with much of the background details on this story: http://www.coincommunity.com/forum/...PIC_ID=21612Regards, -neuron |
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Valued Member
United States
417 Posts |
So when I find hordes of Canadian and foreign coins in rolls, they're illegal? And I've been housing them, so this means police can raid my house and shoot me? I'm so confused!  |
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Replies: 43 / Views: 3,108 |
Posted 07/04/2008 4:48 pm
