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 Replies: 25 / Views: 3,353 |
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Pillar of the Community
United States
1767 Posts |
Has anyone heard of the Liberty Dollar? Check it out here. Comments? Click on the colorful notes and a PDF file will open for you to save if you chose to. http://www.libertydollar.org/mila_ |
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Bedrock of the Community
United States
14454 Posts |
oh yes I have heard of it and the US Mint is doing everything they can to shut them down, I believe I would stay away from the liberty dollar right now
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Rest in Peace
United States
3730 Posts |
It won't go anywhere, but I would like to have a sample or two for my collection.
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Moderator
 United States
6563 Posts |
I think they only thing the US Mint is concerned about is that they actually say $10 on the coins themselves.
"REMEMBER: The Liberty Dollar is a PRIVATE inflation proof currency and is NOT United States government currency, 'legal tender' or a 'coin'. Using the Liberty Dollar as barter for products and services at businesses across the country is voluntary."
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Valued Member
United States
439 Posts |
I've been interested in these for some time now. They advertise themselves as an alternative, kind of like when U.P.S. came along and gave people something other than the U.S. postal service but some think it's just a scam. I can't say for certain one way or another but if you're looking at them as a collector I don't think you have anything to worry about as far as getting arrested for counterfeiting or anything like that.
Personally, I wonder where these are going as far as collector interest in the future. It is pretty much just an interesting sidenote so far, an oddity I suppose, but who knows what is going to happen with them. The government may shut them down, they may catch on or the whole thing might run out of juice. They are made to circulate and mintages aren't very big. Who knows what might happen with these in 50 or 100 years.
They have a copper dollar out now I've been thinking of getting but they only sell them in rolls of ten. I only wanted one but if anyone else is interested contact me and if there is enough interest I might just get a roll.
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Valued Member
United States
270 Posts |
I'd definitely be interested in the new copper dollar that they offer, for collector's sake. I have a silver dollar of theirs. It's 1/20th of an ounce. The copper one would make a pair.
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Pillar of the Community
 United States
1767 Posts |
edix, can you post a pic of it. Would love to see it.
Thanks,
mila_
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Valued Member
United States
270 Posts |
Well, the copper dollar has an image on their website under the Shopping Cart link from the menu and the 1/20th ounce silver is virtually the same design as their one ounce silver coin and the other fractionals (1/2 and 1/4), except that it is tiny. These are regularly offered on ebay, using NORFED as a search. I also have a Mexico Libertad 1/20th ounce silver, which is a slightly different diameter. Here's an auction with photo of the 1/20th Liberty Dollar: http://tinyurl.com/2ygow7Edited by edix
06/05/2007 1:26 pm
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Pillar of the Community
United States
1173 Posts |
Pure poppycock and totally unsubstantiated claims...   For example...how do we know that the currency is "backed by silver and gold?" And...the $20 coin is an ounce of silver. So...much less silver than face value, meaning there's plenty of room for its 'purchasing power' to erode. And...can you believe it...all you have to do is PAY for your liberty dollars with that worthless old US currency. Imagine that! Who cares if the guy worked for the Hawaiian mint? So what? "The money stays in your community" Why? because it WON'T circulate because no one wants it! This is just one more scam.  |
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Valued Member
United States
439 Posts |
Hunter, actually you don't have to pay for them with U.S. currency if you're one of the people who "barter" with them.
Say you're a carpenter who does a small job for a guy who wants to pay you with a dozen of these. There is a list somewhere on the site that tells you where they are accepted so if there is a gas station or grocery store in your area that takes them you're set. The problem would seem to be getting enough people with open minds to think outside the box and not just label it as a scam.
Again, it could be a scam as far as I know, but then they might be visionaries too. I dunno. But if the economy falls, like many predict, what will happen to the people who are already in the loop on this? Whether you like the outfit or their products it is something to think about.
In any case I'm mostly talking about these things from a collectors point of view in which case it doesn't matter much if it's a scam or not. We all collect what we like, right? If the design appeals to you, what the heck.
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Pillar of the Community
United States
1767 Posts |
quote:
In any case I'm mostly talking about these things from a collectors point of view in which case it doesn't matter much if it's a scam or not. We all collect what we like, right? If the design appeals to you, what the heck.
TSOTL...I feel the same way. As a collector and it does appeal to me. mila_ |
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Pillar of the Community
United States
1173 Posts |
Collect 'em if you want. But, to get them into circulation, if you read all the way through, someone has to pay for them. Just go buy some silver common date coins or gold, and you, too, can do the same thing. It's just BS IMHO. Nothing more than a way to create a bullion market.
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Valued Member
United States
73 Posts |
New 3rd party money? Should have called them TradeDollars.
put a $1.00 sticker on a penny and you've got the same thing as far as gaining general acceptance. You still have to convince people a token represents a dollar's worth of goods or services. And then if they take it they in turn have to convince the next person.
LOL, it might be easier than I think, we Americans don't seem to have too much of a credibility problem when it comes to accepting worthless US paper $s.
Edited by goldfinger
06/09/2007 10:01 pm
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Pillar of the Community
United States
1767 Posts |
Gary... quote:
It won't go anywhere, but I would like to have a sample or two for my collection.
graceoutcast... quote:
Using the Liberty Dollar as barter for products and services at businesses across the country is voluntary.
hunter20ga.. quote:
Collect 'em if you want. But, to get them into circulation, if you read all the way through, someone has to pay for them.
Well, I did it and I paid for one. I have no intention of putting it into circulation. It is just a coin I am adding to my collection just like any other coin I would buy. I also ordered the copper one but they are on backorder. Will be keeping a few and the rest will be given away for 'my birthday'. It's about the size of a Morgan weighs 31.1g (1.100oz) but thicker and heavier...Liberty Dollar (Silver) Image:  libdoll.jpg45.71 KB Image: libdollrev.jpg69.76 KB mila_ Edited by Mila_cent
06/12/2007 6:13 pm
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Rest in Peace
United States
3730 Posts |
Mila_Cent:
Those are attractive.
How did you go about getting them?
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Pillar of the Community
United States
2254 Posts |
I like the coin as well until you see a website on the reverse But, it will be an interesting addition to your collection Mila. |
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Replies: 25 / Views: 3,353 |
Posted 06/04/2007 02:52 am
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