Lakota coins

Discussion in 'Coin Chat' started by Harksaw, Nov 27, 2008.

  1. Harksaw

    Harksaw Member

    So the Lakota nation out in Montana, I think, has done the Liberty Dollar type thing and started a silver-only bank and are issuing coins. The plan is probably to avoid the Liberty Dollar's legal problems via the tribal sovereignty thing. I guess we'll see how that works out.

    Cool looking coins, though. I'd like to get some but I don't want to pay $40 each and I don't want to buy 500 of them. They charge a perfectly reasonable price, IMO, as long as you're buying 500 at a time. I'm going to wait for some to pop up on Ebay.

    [​IMG]

    http://freelakotabank.com/
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  3. green18

    green18 Sweet on Commemorative Coins Supporter

    Interesting round but a little pricey....
  4. Harksaw

    Harksaw Member

    Yeah, $40 apiece is ridiculous. But $14.75 for bulk orders is pretty good.

    As I said, i'll wait for the people who buy bulk to sell them on ebay.
  5. coleguy

    coleguy Coin Collector

    A lot of tribes have done this. There is no soverignty issues because you'll notice there is no reference to dollars. Our local trice was selling silver and gold coins a few years back to help pay for the refurbishing of their schools. It worked quite well.
    Guy~
  6. mrbrklyn

    mrbrklyn New Member

    Deposit & Withdraw
    Depositing with the Free Lakota Bank: for a limited time, you can convert USD to Lakota and deposit directly with the Free Lakota Bank. Simply sign up for an account and you will receive instructions on how to fund your new account. After our initial currency offering completes, deposits will only be accepted in the form of AOCS-Approved currencies. After this time, depositors will need to contact a local AOCS Officer to convert USD to Lakota, at which point the Officer will be able to accept the deposit on our behalf.

    Withdrawing funds from the Free Lakota Bank: any and all withdraws from the Free Lakota Bank will be issued in AOCS-Approved currency. The currency can be shipped direct from the bank or can be issued by an AOCS Officer. What you do with the currency and the rate of exchange you receive when converting to a different currency is beyond our control. Be aware of the heavy government manipulation in the value of gold and silver.
  7. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    Years ago there was a little discussion about native Americans taking advantage of their legal status to go into the private banking business and giving Switzerland a little competition, particularly since the privacy laws in Switzerland have been weakened in recent years.

    It's a very cool silver round. I'd buy one for silver round prices.
  8. mrbrklyn

    mrbrklyn New Member

    it seems it would be good to put all your savings in if you want hard currency...

    Ruben
  9. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    Time will tell. But small savers don't need the bank and large savers can accomplish the same thing with more safety [and possibly legality] using the Comex.
  10. SilverCeder

    SilverCeder New Member

    Has anyone gotten involved with the Lakota Bank yet? Their website still says the same thing after 2 years. How much does "government manipulation" actually play a part in the prices of PM's?
  11. Fifty

    Fifty Master Roll Searcher

    I've seen a bunch of commercials for Indian tribes participating in the payday loan business. Maybe that is what they are doing with the money they are getting from selling metals.
  12. BUncirculated

    BUncirculated Well-Known Member

    The Dakotas. They're Sioux.

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