FBI Raid seizes Liberty Dollars

UPDATE

Evansville Residents Indicted in Unlawful Coin Operation

 

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I can believe an indictment, but if they were indicted for selling counterfeit coins for a profit that was a mistake. If they are lucky enough to get a jury with any brains at all they should be able to get an acquittal because the coins were NOT counterfeits. And I have to wonder if the reporter has ever seen the coins, or if he has ever bothered to LOOK at the coins in his own pockets. That quote should read "The coins look NOTHING similar to traditional US currency." (And of course he actually means coins since currency is made of paper, and I don't think the coins look anything like paper.)

The part about the inventory being returned is obviously wrong. You don't charge them with selling counterfeit coins, and then give them the coins back. What the store is selling is new production, not the confiscated material.

 

Condor you are absolutely correct the federal govt. has not returned the seized silver,gold and cash that it confiscated. The vault where this gold and silver was being held was to back up the certificates that were printed where upon request you could if you wanted redeem the certificate for the intrinsic metal.

http://www.courierpress.com/news/2009/jun/05/05web-LibertyDollar/

If you want to know the whole story you can check out libertydollar.org

 

Someone posted this and I thought it was a great response:

"How *dare* they undermine U.S. currency. Don't they know that's the job of the U.S. government?
At least the Liberty dollars were backed by precious metal, unlike US currency which is backed by no more than a promise from a government that has become increasingly adept at breaking promises. How brazen of Liberty Dollar to notice that the emperor has no clothes?
I've never owned a Liberty Dollar, and know no one involved, but I did look into them once online. At that time, they bore no resemblance to US coinage except for being flat and round (it *is* after all a coin), and the site was clear that the Libery Dollars were meant as a means of exchange among like-minded individuals who recognized the relative worthlessness of Federal Reserve Notes. Maybe their dealings grew shady at some point later on, or maybe this is just the government extinguishing an ember before it becomes a wildfire"

 

Boss I like that statement it captures my sentiment almost precisely. The only difference is I do own Liberty Dollars and have committed to buying more.

 

No, I do not.

 

The reporter is using the language "counterfeit", although I am sure that word doesn't appear in the indictment.

Federal indictments accuse the indictee of violating a specific numbered section of a specific numbered code. The indictment in this case probably reads something like this:

[On specific date or dates Defendants] did violate §486, Title 18 of the United States Code in that they did wilfully and knowingly, without authorization of law, make or utter or pass, coins of gold or silver or other metal, or alloys of metals, intended for use as current money.​

No mention of "counterfeit" would be included, or appropriate.

If the defendants argued that their coins don't resemble US money, the prosecution would point out that the statute applies whether the subject coins are "in the resemblance of coins of the United States or of foreign countries, or of original design."

Bottom line - those who disagree with any law must work to have the legislature change it, or the courts declare it violative of the Constitution, but are not free to simply ignore it. Otherwise we have reverted to the law of the jungle, and only lions can sleep soundly at night.

 

I agree with you completely.