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2003 Norfed $10 Worth More Than Bullion?

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shadowtrooper78's Avatar
United States
1370 Posts
 Posted 09/18/2013  7:24 pm Show Profile   Bookmark this topic Add shadowtrooper78 to your friends list Get a Link to this Message Number of Subscribers
Got this today as part of a trade....thought it looked cool. Are these worth more than bullion due to the story around Norfed?

2003-Norfed-$10-Worth-More-Than-Bullion?

2003-Norfed-$10-Worth-More-Than-Bullion?
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abliss2006's Avatar
United States
158 Posts
 Posted 09/18/2013  8:08 pm  Show Profile   Bookmark this reply Add abliss2006 to your friends list Get a Link to this Reply
I've seen those Norfed silver rounds on ebay go for a great deal more than spot. I know that certain years and sizes are rarer than others but I would say anywhere from 35-60 depending on who wants it.
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Earle42's Avatar
United States
10034 Posts
 Posted 09/18/2013  10:20 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Most definitely worth more. Check ebay sales. I have a feeling that in the future these will keep an elevated value b/c of their unique story/history.
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harrison2's Avatar
Mexico
1304 Posts
 Posted 09/19/2013  2:18 pm  Show Profile   Bookmark this reply Add harrison2 to your friends list Get a Link to this Reply
I thought they were banned from ebay? The feds stepped in and shut down sales. No?
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shadowtrooper78's Avatar
United States
1370 Posts
 Posted 09/19/2013  2:22 pm  Show Profile   Bookmark this reply Add shadowtrooper78 to your friends list Get a Link to this Reply
Looks like there are about 6 of them on ebay right now.....final hammer price looks to be in the neighborhood of $50
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bpoc1's Avatar
United States
4078 Posts
 Posted 09/19/2013  3:18 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list Get a Link to this Reply
Copied this from Wikipedia

Quote:
In May 2009, von NotHaus and others were charged with federal crimes in connection with the Liberty Dollar and, on July 31, 2009, von NotHaus announced that he had closed the Liberty Dollar operation, pending resolution of the criminal charges.[4] On March 18, 2011, von NotHaus was pronounced guilty of "making, possessing, and selling his own currency".[5][6]

Never heard of Norfed and thought it was interesting.
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Earle42's Avatar
United States
10034 Posts
 Posted 09/19/2013  9:47 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Supposedly banned from ebay but all they have done is cut down volume of sales from 100 to a few per day.

Bernie Von NotHaus STILL is walking around free - set some sort of record for being charged yet not yet prosecuted. After liking the designs on these rounds, reading up on them, and following the story, I believe the feds know they made an illegal seizure. It looks to me (note that this is just my opinion) that the feds shutting him down was simply a political move. They knew they could not legally do anything (in fact someone has taken up producing the new Liberty Dollar in the same designs but made sure to correct everything on the list they used to charge Von NotHaus), so to stop him they raided/seized/and likely, after awhile, will simply (maybe) offer an apology, use tax payer money for a court case to re-imburse, and their primary problem is solved. Again - remember - this is inly my opinion - I could be totally wrong on the motives of the feds - this is just what it looks like to me.

Millions of these rounds were in use and I am near a sizable town where these rounds were circulating pretty regular (Chambersburg, PA). They actually had a local vending machine to exchange a $20.00 for a NORFED round. The locals thought this was a good idea - government paper for silver - it went over pretty big - even when silver was only 14,00 an oz. The people used them as $20.00s. You can see by my avatar I liked this design. They are beautiful in hand. I wish I could have gotten one of the gold 1 ounce coins, but never could afford it.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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silverexile's Avatar
United States
205 Posts
 Posted 05/16/2016  1:29 pm  Show Profile   Bookmark this reply Add silverexile to your friends list Get a Link to this Reply
Hi all,

Any update on the collectability of these? I have picked up a few in the last few weeks from a private seller.. Both $20 and $50, for just over spot...

I know the history and it interests me.. but it has gone very quiet on these forums, and with ebay.

I may have the option to pick up a few more.. Worth it?


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UltraRant's Avatar
Norway
1358 Posts
 Posted 05/16/2016  1:44 pm  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply
Definitely worth it, especially when just over spot.
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everything's Avatar
United States
493 Posts
 Posted 07/08/2018  2:00 pm  Show Profile   Bookmark this reply Add everything to your friends list Get a Link to this Reply
These seem to have fallen from grace, seems like plenty on the bay, no premiums really.
Edited by everything
07/08/2018 2:02 pm
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