The Collapse of NORFED premiums on eBay

I didn't know it was!

Isn't collecting counterfeit coins ok, so long as they're not being used? There is a LCS here that has a few on display.

 

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I didn't say or imply you're a kluker/methdealer, fretbored. Don't put words in someone else's mouth. (And if you want to trade Nazi Reichsmarks, ditto that.)
As for the company you keep - I don't know, and it's not my business nor my concern. But that judgement (or getting on a watchlist) is the risk you're taking.

The US government investigated and prosecuted "von NotHaus" (alias) for conspiracy - court records (an FBI affidavit) establishes the FACT that Norfeds were funneled to the nebulous Patriot/WAR movement. A jury of his peers convicted him of conspiracy - this isn't 'opinion' or 'politics' it's a statement of FACT. If you cannot accept/ are insulted by the facts, that's your problem not mine.

These 'not-coins' now circulate most widely in that subculture/community and will continue to for however long there are black mkt buyers & sellers. But sensible folks really ought to know better, at this juncture. The collapsing premium says 'smart money is avoiding these products now' (unload them anonymously w/o penalty while you still can!) Take the hint.

John14-
Sorry you're insulted, thin-skinned or misunderstood me. I've said it before, I'll say it again: I'm a libertarian and you can do whatever you want (so long as it hurts no one else) I'm certainly not telling you or anyone else what to do. Peace out, man.

 

It has not been established that it is illegal to own the coins. if someone can provide the statute that would specifically forbid it then that is another matter but I don't think it exists. Hence owners will not be disposing of them and they will not be falling to junk status. If anything the numismatic value will continue to rise on these coins.

The "context" is nonsense.

 

Delusion ignores reality and imagines a parallel universe: wishful thinking!

Sorry to break the news to ya... in fact, premiums have cratered already (look at the Puerto Ricos already, for example.)

And legit, struggling coin-shops are not likely to knowingly buy contraband tomorrow... unless society really IS collpasing! A LCS already lost $2k in a SS seizure in exactly this way: so reputable dealers learn quickly, from others' mistakes. (And let's get real: suggesting otherwise is a patently stupid notion.)

Hence, the legal market for Norfeds is vanishing or is soon-to-be gonzo. This isn't rocket science, folks. You can read the writing on the wall - or you're illiterate.

Someone will be 'left holding the bag' ; a fool almost always is.

 

Yet you offer up nothing but opinion as fact.

Provide the legal statute that specifically states it is illegal to possess one of these coins or otherwise I stand by what I've said. i.e. Your theory (like most that you post on this forum) is nonsense and the value on these coins will continue to rise.

(fretboard I agree with you)

 

On the contrary, I provided a chart which demonstrates FACT. otoh, you offer nothing but red herrings masquerading as relevant response.
I'm not going into YOUR weeds and don't need to. I've confined my focus to the market, such as it is...

Do any reputable dealers want to chime in: is anyone 'jumping on this great & principled numismatic opportunity' FOR REAL ? LOL
'Business is business' after all (and I'd be curious to see who bites, honestly.)

http://www.apmex.com/Search/Default.aspx?Search=norfed
https://online.kitco.com/bullion/completelist_USD.html#silver
http://www.tulving.com/generic-silver-rounds-for-sale.htm

Redeem while you still can! oh wait ... YOU CAN'T. :foot-mouth:

 

Guess I'll have to put my Norfeds into the "black" cabinet with the rest of my "counterfeits." Sigh....

 

The chart is meaningless. I will ask again..

Please provide the legal statute that makes it illegal to possess the Norfed coins. The actual Statute # will be fine.

If there isn't one, then everything you have stated has no basis in the law and is thus invalid.

 

Juan, there is one piece of information that would make all of your assertions valid. Provide it and you win. If not, end it.

 

Funny how ignorant some people are. The government has barely notified ebay that they need to remove their sales and now someone has determined that they are only worth scrap. There's quite a ways to go before collectors start dumping them at scrap price. Of course with all the fear mongers that pop up you never know. Raise your hand if you're scared while I prepare to make some money. Before Norfeds are dismissed as beanie babies, think of the Henning nickel.

BTW, I bet some of you have never even owned Norfeds, some people just feel a need to talk.

 

Title 18, Chapter 25, Subsection 473, 489 of the US Title Code. There are similar laws in place in the UK, EU and some member states of ASEAN. Due to placement in NAFTA, the law can be enforced with respect to transmission to/from the US/Canada/Mexico.

 

Also, Fatima, if you really are sincere about wanting to know what statutes apply to Norfed, this was discussed fairly thoroughly in the past:

http://www.cointalk.com/t165487/

As I said then, the FBI agent said that it's legal to hold the NorFeds/L$s as collectibles, but the moment that you sell them, you're liable if ANYONE who owns it after you attempts to pass it off at face value.

 

...and passing them off at shown face value seems like a good idea to who???

 

Interesting fact about the Norfeds is that they mark silver's climb through the past years. 1 Oz was marked $10, then $20, some say $50 I believe.

Here are some baby 1/4 OZer's:



This 2012 Ron Paul is not technically a Norfed, but Norfed inspired. The denomination is 25 Paul dollars.

 

How long has it been since the opinion of the FBI is the law?

 

It's interesting too that von NotHaus created a Tea Party Dollar. So did the Republican party create the Tea Party or was the Tea Party created by a bunch of militia members and anti-government rebels?? Even though I don't agree with Tea Party politics, the Tea Party Dollar looks really nice. Are all of von NotHauses coins or tokens considered counterfeits or is it just a few and which ones? Let's see if anyone can answer any of my questions, without getting side tracked.
How about the Ron Paul Dollar, did Ron Paul know that von NotHaus was trying to create competition with his dollars against the US dollar?? :yes:

 

I like that one Fret. Currently looking for a good 2nd amendment 1oz.

 

I just bought a couple from this guy, no smudges or nothing. The silver ones are priced way too high for my needs. And now to show off the California Norfed, the only one I've come across that doesn't have any smudges or fingerprints. :thumb:

I got one of these pamphlets too with two stickers. Placed one of the stickers on my guitar case.

http://www.ebay.com/itm/Liberty-Dollar-Norfed-2-different-Brochures-2-We-accept-stickers-6-bus-cards-/281035578688?pt=LH_DefaultDomain_0&hash=item416f069d40

http://www.ebay.com/itm/290829370353?ru=http%3A%2F%2Fwww.ebay.com%2Fsch%2Fi.html%3F_sacat%3D0%26_from%3DR40%26_nkw%3D290829370353%26_rdc%3D1

 

Yeah I am looking for the silver one. Waiting patiently for a good price to come around.

 

I'll keep my eyes peeled for you, one will come around soon especially since you made note of it. :thumb: