My wife found these today while she was cleaning. I tryed getting on there web site and it said I did not have permission so I gogled it and found out that the gov. shut them down. My question is are they worth any thing or should i save them and maybe they might be worth more?
I know very little, but they're NORFED dollars. They are meant to be an alternative currency, but they are now illegal to spend (keep them)
If the govt doesn't seize the silver they are attempting to through a court order and if the company somehow manages to exist they might be worth something. Right now they are worth something as a collectable and pretty pricey considering if you can find them. The fact that the govt took exception to them makes them all the more collectable.
They were at one time a novelty but since the were made from silver , they had intrinsic value. Now the government has won a counterfeiting claim against the originator of the coin and some of the collectors are trying to drive the price up on them because of the publicity. If they are successful, you will benefit from it. Give it 3 to 6 months and check again. It will never loose it's intrinsic value so you have very little risk waiting. I have several myself and I am waiting as well.
Ya like I said she found them so I gogled it and it said the feds shut them down not too long ago. Had more silver than i thought....LOL each note is worth 1/10 an ounce.
Currency by legal and financial definition includes coin. In less modern times it could be virtually anything. I don't think the OP was specific in his statement and I responded from the standpoint of coinage. Coinage is the most recognized form of the Liberty Dollar. It was the basis why the site was shut down. The government didn't even bring up the warehouse certificates in their prosecution. Perhaps clarification was needed if his question wasn't including the more common coinage. How you knew the OP was directing his question at certificates and not coins is unclear.
Sorry salysam I fig. that the link I posted with the pic and posting under paper money that it would be clear I'm sorry if i was not clear.
adam1 That explains it. I'm looking at post one, your original question, and I was going by just the statement alone. I didn't click on the link in post three. Sort of went right by it. I can tell by how the others have replied, that there is something more going on. Sorry to be so curt with my reply. My error not yours.
Seems the NORFED notes are selling for about 3x face value currently. But in the end they are just pieces of paper, like a federal Reserve Note. The coins on the other hand, will always be of some value.
I'm not so sure about that. Financial definition maybe, but when ever the government has written laws regarding the two they have always kept them separate with laws relating to the coinage, and laws relating to the currency and the currency laws have always been specific to the printed paper obligations. So the laws treat them as being separate.
the paper ones are not wort much over $10 the coins could be for 1oz from spot ro $2000 you just need to find a buyer. Check out this site http://sites.google.com/site/libertydollarencyclopedia/ if you are selling paper ones let me know what ones you have
