Liberty Dollars may be subject to seizure

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Wow! That's a game changer and will make criminals out of a lot of people.

 

Its sad. This is a result of the way the prosecution was done, and in the prosecution somehow convinced the court that these items are counterfeit money. Since it is counterfeit in the prosecution, then the Secret Service are bound to impound them.

Bad actions resulting from bad prosecution. Liberty dollars are not counterfeits in any way, they are medals.

Its sad to see an overzealous prosecution now having these affects as well. I do not support creating a separate Liberty dollar currency system, but these silver medals are in no way counterfeit currency.

Chris

P.S. What is really sad is this stupid stuff takes time away from being able to stop the flood of true counterfeits entering the country every single day.

 

No problem...just get yourself a counterstamp with the word "COPY" on it, stamp your Liberty Dollars with it, then according to the law you're good to go.

 

Ain't that the truth!!

 

I meant it more sarcastically than anything. But, since we're here, why can I buy a perfect replica of any coin made and as long as it has COPY on it it's legal, but if it doesn't it's counterfeit? So, wouldn't that in effect make a Liberty Dollar legal if it had COPY stamped on it, even though in reality we all know it's not even a copy of any real currency? Where is the line drawn here?
Guy

 

Not surprised at all by this, but I disagree with it since nobody and I mean nobody could hand me such a coin and reasonably expect me to be fooled into thinking it was official U.S. currency. Sorry, that doesn't pass the sniff test. Regardless, I wouldn't mind owning an example if only to be contrarian.

So will values go up or down now?

 

Got it. Thanks for the clarification, Doug.
Guy

 

SO would it be a bad idea to buy a few? Ive always wanted a couple, and also if they are subjected to seizure, would the prices of the sky rocket? Like could people want double there value at like flea markets?

 

Still don't understand how they are "counterfeit". I understand the Fed does not want another type of currency, but to me that is simply an alternate currency, not a counterfeit US currency. They could feel free to impound them as illegal items if they wanted, but to invole counterfeiting laws simply confuses me. You comparison between them and bogus $100 bills doesn't help, since the bogus $100 is clearly an imitation of good US currency, and thus counterfeit.

Doesn't in its name a counterfeit imply deceptive copy? Maybe that is where I am wrong.

Chris

 

Someone should notify Carr, his junk may be next!

 

Yup. The official definition is much broader than "deceptive copy". Here's a sampling - just a few of the relevant provisions found in the Federal Criminal Code - Title 18, U.S. Code

§ 336:

§ 485:

§486:

(My emphases)

*Note definition 2.b. from an on-line dictionary definition:

si·mil·i·tude (s-ml-td, -tyd)
n.
1. Similarity; resemblance. See Synonyms at likeness.
2.
a. One closely resembling another; a counterpart.
b. A perceptible likeness.
3. Archaic A simile, allegory, or parable.

Under that definition it could be argued that a Victorian Era bronze penny has "similitude" to a silver 1990 Japanese Osaka Expo ¥5,000 commemorative, since both have a woman's bust on one side along with other design elements and characters, and are not too dissimilar in size.

 

Well, there's still plenty on eBay... get 'em while you can!

http://www.ebay.com/sch/i.html?_trkparms=65%3A12|66%3A2|39%3A1|72%3A5213&rt=nc&_nkw=norfed&_ipg=200&_trksid=p3286.c0.m14.l1514

 

Just had to get that D. Carr bash in there didn't you BUnc... that's OK, I still really like his stuff. Just a little pricey for my depleted wallet.