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Replies: 25 / Views: 3,356 |
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Pillar of the Community
 United States
1767 Posts |
Gary... I ordered it from their website. From the link in my first post. Left side click 'Get' scroll down to 'Online store' and go from there.
mila_
Edited by Mila_cent 06/12/2007 1:47 pm
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Pillar of the Community
 United States
1767 Posts |
tights24... Yeah, a whole lot of mummble-jumble. But I like the coin and wanted a sample
mila_
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New Member
United States
30 Posts |
Mila_cent
Interesting post ... Taking on the US Mint would be an interesting venture! I would like to get a hold of a few of them just as a collector's item. I like the look, although it seems like it should be silver or gold instead of copper.
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Pillar of the Community
 United States
1767 Posts |
medicmichelle89.... There are two versions silver and copper.The latest is the copper version. Here's the copper version: mila_
Edited by Mila_cent 06/12/2007 6:23 pm
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Pillar of the Community
United States
1026 Posts |
Seems to me you are all missing there good point that the US dollar is really these days worth nothing but the good word of the USA.
I agree no one will take these but what they I think are trying to do is offer Silver and Gold Certificates that they claim can be redeemed for the silver and gold.
Now it would be interesting to see if I said I have 500 dollars worth of Liberty Silver Certificates I want my 500.00 worth of silver what they would say or do?
But I agree with there overall concept the US dollar was once backed as it should be by gold and silver and no more was printed that what gold and silver the US government had to back there currency with.
Now they print all they can 24 hours a day and we are Trillions of dollars in debt with no end in site.
So I think this organization or person said enough is enough I don't want to have only on option of the worthless dollar anymore but something that is actually worth what it represents.
Now don't get me wrong I love the USA retired USMC but I understand what he is trying to do save the USA by once again making the dollar stand for an actual dollar.
As for coins I personally feel when I go to the bank with my $10.00 and ask for $ 10.00 in dollar coins I should be given ten coins that are actually worth $ 10.00 and not $ 3.00 if that.
I do not know if it really does but the $1.00 Liberty Copper Dollar they are actually stating it has one dollars worth of copper in it and is actually Worth it's face value I like that. Just my 2 cents
Edited by Brucec 06/23/2007 2:36 pm
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Valued Member
United States
459 Posts |
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Pillar of the Community
United States
1247 Posts |
The problem is that gold and silver are not really money. Debt is really money. Yes, that's right, only in America, but only if your the U.S Treasury can you take debt and call it money.  Bet if I took a $20 credit card receipt into Denny's, danced around it while throwing some chicken bones on the ground, perhaps even sing a verse or two from "When you wish upon a star" and then claim the former credit card receipt is now "actually" a "monetized" debt instrument worth $20, I'd be arrested for fraud.
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Valued Member
United States
459 Posts |
That is a great analogy. I fully understand the theory behind these "Liberty Dollars" but, if what the US Mint is producing is "worthless;" why are these "Liberty Dollar" dealers eagerly willing to accept paper Green-Backs in exchange for their silver or copper?
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Valued Member
United States
76 Posts |
Interesting concept, but I just see it as a money-making venture. They sell the coins for 2-5x over the metal value. I calculated the cost of the copper coin a few weeks ago based on current copper prices and it was something like 20 cents worth of copper in the dollar coin.
Now, U.S. coins and bills are even more worthless intrinsically, but the gov't will take them to pay taxes, and everyone else will accept them at face value too. The problem is - who will accept the Liberty Dollars at face value - ESPECIALLY if they're not just confused into thinking it's a real U.S. gov't coin? I don't want to be the one without a chair when the music stops...
That being said, if you want to pay $20 for a 1-oz silver round because you like the design enough to pay $7 over the silver value, then go for it. But I think you can get much prettier 1 oz silver coins for less money.
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Pillar of the Community
United States
1247 Posts |
They part with silver and gold and accept greenbacks because they have to sell something to make a profit. Coin dealers and collectors sell coins that may well go up in value next year and accept greenbacks that will most likely go down in value five minutes from now. Everybody on the planet that takes or hold U.S dollars is losing but they still do it--for now anyway.
I think someone did accept one of those $20 coins and gave back change from it. Wasn't that when the expelled waste matter hit the fan?
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Replies: 25 / Views: 3,356 |