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 Replies: 27 / Views: 3,658 |
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Pillar of the Community
United States
1116 Posts |
I know of mid-western towns that have their own printed currency in order to promote their local economy. Is this economic terrorism or just as a way of promoting local businesses? None of these bills would ever be considered to be U.S. currency except by a cross-eyed imbiber who couldn't find his glasses. I have a couple of those coins and have always considered them to be in the same venue a PM rounds. If PM rounds are a threat to the stability of US coinage then every issuer and private mint should be prosecuted. I forget the private mint, but there is one that creates private silver coinage that looks very close to the old gold Indians and Liberty Walker halves. Then there is copper rounds whose design is very much the same as the wheat backed pennies. There was also the fellow who used to paint $100 dollar bills and sell them for $500. Secret Service couldn't get him because he never says they are real, but he gets his price. |
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Pillar of the Community
Sweden
729 Posts |
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There was also the fellow who used to paint $100 dollar bills and sell them for $500. Secret Service couldn't get him because he never says they are real, but he gets his price. In Sweden we had an artist who altered 1 crown coins in order to ridicule our king and him visitng...establishments for gentlemen.. He put them into circulation, and maybe only ten or so has been found so far. One of them was sold on auction last week for 82,000 crowns!! |
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Pillar of the Community
United States
1840 Posts |
I think that the issue at hand here is case law. If van nuthouse can do this, why can't North Korea or Iran make their own currency to circulate in the US as well? Like someone else already stated, if it was meant for barter, then why have a value assigned to it?
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Bedrock of the Community
United States
19963 Posts |
I have to side with the poor guy. The idea was fantastic, backing currency with gold and silver. Of course, leave it to our bloated, garbage government to make him out to be a "terrorist". These days the US government is the terrorist and the tyrant. It has become exactly what our founding fathers warned against.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
Canada
1411 Posts |
Exactly my opinion BadThad...
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Bedrock of the Community
13014 Posts |
Quote:I know of mid-western towns that have their own printed currency in order to promote their local economy. Is this economic terrorism or just as a way of promoting local businesses? None of these bills would ever be considered to be U.S. currency except by a cross-eyed imbiber who couldn't find his glasses. I have a couple of those coins and have always considered them to be in the same venue a PM rounds. If PM rounds are a threat to the stability of US coinage then every issuer and private mint should be prosecuted. It would depend what the towns were actually doing. Most likely they had permission for whatever they did from the government first or checked with lawyers. But PM rounds are different though. They just go off of metal cost they dont have dollar values assigned which is where he went wrong. By not assigning a value the bullion is exactly that bullion, once a value is assigned its not longer a precious metal and is a form of currency since that value will not change with the price of the metal |
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Pillar of the Community
Australia
7096 Posts |
From what I know of these coins they are made of silver so they have an inherent value in the metal they are made of.
So much unlike the current US currancy that has its value created by smoke and mirrors.
No wonder the Fed slapped these down, How dare anyone create a coin that actualy has an intrinsic value that they are unable to manipulate. .
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Bedrock of the Community
13014 Posts |
If you think about it any coin made out of silver was manipulated. Silver values change so it really is a form of manipulation to tie a set value to them
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Pillar of the Community
2087 Posts |
I Purchased a couple of the norfed issues simply because of their uniqueness. As for him being an economic terrorist I always thought that accusation was just a little over dramatic...I don't think the guy ever encouraged people to refuse to pay tax. I do believe he was genuinely trying to show people they had a choice with money.
I think a counterfeiter would be far more of a concern than those silver rounds ever were.
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Pillar of the Community
United States
1200 Posts |
If VonNuthouse had the common sense to do his coinage in the style of the Krugerrand--without any FV, and letting it float and be valued on the basis of content/weight--he wouldn't have ended up with his butt in a sling. The reason he ended up with the weight of the govt coming down on him is that he had to thumb his nose at them by putting "$20" and the words "Twenty Dollars" on his coins and then going on national TV to dare somebody to take him on. Soverign governments (USA and others) don't like it when clowns try to take over their functions and roles, and they tend to react negatively when that happens. Try producing and circulating your own pseudo-currency with the word "dollar" on it in Canada or with the word "pound" on it in England and see what happens. You'll end up firing off your philosophical diatribes to the world from the inside of a prison cell---just like VonNuthouse. And as for his coin being the most beautiful coin in all history... Please. It's an inferior knock-off of the Peace dollar. If anybody needs to knock the US govt for being tyrannical, it's easy to find lots of far better examples of that than this silly case. This guy was daring fate and screaming out loud for negative attention while jumping up and down on thin ice. He ended up going through the ice and he doesn't deserve to have anybody crying for him. |
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Valued Member
United States
386 Posts |
It's funny how these posts work out. On Saturday I bought a "Liberty Silver" round for $32.50, dated 1985. Pretty bullion coin, minted like a proof; has the Franklin Liberty Bell on the obverse and that cool eagle from the Capped Bust series on the reverse.
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Bedrock of the Community
United States
17884 Posts |
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Civil War tokens circulated along side U.S. coins during the Civil War without any objection. Actually it was objections to the civil war tokens that resulted in the passage of the law that Nothous was convicted under. (Title 18, Part I, Chapter 25, Sec 486) |
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Replies: 27 / Views: 3,658 |
First Page
Posted 12/23/2012 7:45 pm
