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Message:: [QUOTE="Numbers, post: 1146559, member: 11668"]Okay, if I take an ounce of silver and stamp "$100" on it, will you accept it at that face value?  Because that's the equivalent of what the Liberty Dollar folks were doing.  When silver was $6 or $7 an ounce, their one-ounce rounds were marked $10.  Once silver got up to $9 or so, they started making one-ounce rounds marked $20. Von NotHaus testified that the Liberty Dollars were always explained to the recipient before they were spent, so the recipients were always agreeing to accept the Liberty Dollar at the stated face value based on its redeemability through Norfed or von NotHaus.  In practice, not all spenders of the Liberty Dollars appear to have been so honest; some of them apparently just handed over the "$20" piece, leaving the recipient to find out afterwards that it was actually worth far less in melt value. I think that's why the government went after von NotHaus--whatever his actual intentions, he was in fact making coin-like-things that were in fact being passed in a deceptive manner.  If he hadn't given his silver rounds a dollar denomination, there'd be no issue here.  Of course, they'd've been much less acceptable in commerce that way, but that's the point.  Anybody who wants to trade their goods for silver bullion is free to do so; it's just the assigning of a fictitious face value to the silver that's a problem.[/QUOTE]