Liberty Services PURE COPPER $1

i was thinking more in the line of a bunch of notes AND coinage. a handful of coinage, equaling a dollor or two (or three) i wouldnt care about.

 

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Ah yes sorry I forgot about the notes

 

It is some inflation proof sceme, but it breaks fedral law... oooh...lets hope they all get put in prison!

 

lets not jump the gun, or off topic there is no proof (yet) they broke any laws. Just that there is some interest by the BEP and/or the Justice Dept. Lets assume inncocent till proven guilty

 

SanMiguel,these are only used in a local area along WITH US$,NOT replacing them.The Liberty Dollar & the Millennium Dollar purports to be in circulation throughout the U.S.A.,& mimics U.S. coinage designs to a certain degree.That is why the U.S. Mint has a problem with these.

Aidan.

 

So its the similar design, and the use of the word 'Dollar' the Govt has issues wiht, and not the idea behind the use of the alternative curency. If the producers behind the Liberty Dollar are smart, they will adhere to the law, and not be so similar.

One would think the 'Libert Dollar Producers' would have heard of the lawsuit the Mint/Bep won concerning the private mints that issue bullion comemorative 'medals' that were forced to use the word 'copy' on their designs because they were to similar and confusing to the consumer.

 

Jon,have you read this; http://en.wikipedia.org/wiki/Liberty_Dollar & this; http://en.wikipedia.org/wiki/Millennium_Dollar .

Aidan.

 

Aidan, siting a wiki article doesnt mean squat since the source for alot of the published articles are josh and jen shmoe!

cite me some REAL sources, published by authoritive folks. Wiki is not even close - Sorry!

 

my bad Aidan .. i did read those wiki articles (something i dont usually do because of the source of them).

they do offer intersting background info.

:thumb:

 

I'm not an expert on this nor a lawyer, but I think the argument these people will use is that you are actually "bartering" when using their money. If I take some of this money as a merchant, I am giving an item in exchange for a guaranteed amount of metal. Yes, the gold-standard days.

Whether this works or not, is up to speculation. But it is probably inevitable and will most likely "happen" one day or another. It's just kind of interesting having good seats and a box of popcorn to see how it unfolds.

 

Jon,did you look at the links that are linked up to those articles? That is where the proof (a pun!) is.

Aidan.

 

sorry Aidan, wrong again there is no PROOF on those pages, only some background info on the 2 'dollars' you reffered to. because Wiki is what it is, it can never be used as 'proof'!!!! so please dont refer to is as such.

 

Jon,I am not referring to the Wikipedia articles themselves,but the external links that lead off them.That's the proof.

Do you see where I am coming from?

Aidan.

 

EXACTLY!!! My thoughts too.. I am curious how this will unfold, I do like the idea of the coins and the metal value they hold, however, I am not so open to the paper money "backed" by silver or gold... sorry, but I don't have enough trust in the company to dive in that deep... I do like the concept though, and I agree that the feds should have kept our money backed with metal to fight inflation... Its all very interesting to me... Personally, I think a merchant and a customer should be able to use whatever "currency" they agree upon to pay for goods and services without interuption from the feds, I know a local place here in Alaska, that accepts US currency and Canadian currency, should the feds ban him from making a sale because he is using and accepting another currency other than what is issued by the USA??? Seems a bit dogmatic, of the feds from my perspective, but what do I know...Just my opinion...

 

Dak,accepting Canadian currency won't get you in trouble,as it is a proper currency that can be easily offloaded,especially if you are in a town straddling the Alaska-Yukon border.Accepting NORFED's Liberty Dollars & the Millennium Dollars & passing them on will get you in trouble.That's the difference.

Aidan.

 

Inflation proof? Inflation proof,my foot! No currency in inflation proof.Not even those that are backed by gold or oil.

These schemes ARE scams!

Aidan.

 

Aidan....just out of curiosity, why are you so vocally against these liberty dollars? If I recall correctly, you were an avid supporter of the Chatham Island Dollars. Aren't they the same? They're both privately made currency systems used by people who want to use them at businesses who wanted to accept them. Businesses that accept Liberty Dollars are listed, and signs are posted that they are accepted. Just like Ithaca Hours, Toronto Dollars, and...Disney Dollars.

When I purchased Liberty Dollars years ago it was mentioned that if I decided to circulate them, I should go to a participating business. Not to go and spend them where I pleased. I can barely spend a Susan B Anthony Dollar, why would anybody accept Liberty Dollars? There's plenty of private money out there, at least Liberty notes are backed by metal...and the metal is available if you don't want the notes.

Chuck E. Cheese makes private spendable "coinage" too, accepted nationwide at select business locations.

 

SanMiguel.the Chatham Islands banknotes were given approval by the Reserve Bank of New Zealand,provided that they could not be regarded as legal tender,nor could they look like New Zealand banknotes.In any case,there were only 2 issues,which were only negotiable tender for 2000 & 2001-02.

The Liberty Dollars & the Millennium Dollars do look like U.S. banknotes (namely,the U.S. Military Payment Certificates) & mimic U.S. coins in terms of their designs.

Aidan.

 

I agree completely!


WHO is the govt to say I can't accept Liberty dollars as payment for my PRIVATE sale? Poppycock... If I can accept copper pipe as barter or I can trade a cow for a bag of seeds, then I can certainly accept a copper "medal" as barter if I choose... As a matter of fact I think I will start accepting them at my ebay store, just for the fun of it to see if any come in! This could be fun...

 

That keyword makes all the difference... Why is it "proper" ??? All a sale is, is a trade... Its a trade of more or less equal value... My money for you thingamajig... My thingamajig for your doohicky... My Liberty Dollar for your 1916 Buffalo Nickel DDO ( sorry couldn't resist) In my opinion all a sale, trade or barter needs is two consenting parties that know what they are getting in exchange for what they are giving...

Aiden, I think you are wrong, but I will not insult your opinion.. Thats why I started this thread. To see what others think, and while I disagree, I do so respectfully.

I'm no expert on the law and I don't claim to be, its just my opinion for what its worth... probley no more than a nickel!