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FBI Raid seizes Liberty Dollars
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<p>[QUOTE="Drusus, post: 296251, member: 6370"]this is why the liberty dollar is a joke...why WOULD you do this. Not to mention they are taking fiat money for the coins...something they are supposed to be against.</p><p> </p><p>As for precious metals in the money...thats been a problem for the US from the first minting of US coins...eventually the metal in the coin is worth more than the denomination and as in the case of earlier US coins, they get shipped off and melted to sell. Its just a huge problem to mint circulating currency in precious metals...I dont like a fiat system where worth is placed on money due to some convoluted contrived system either so the only real way to handle the situation is to continue to use paper money and representative, lesser metal coinage for circulation as a representation of real silver and gold...money that is backed by something, like a silver certificate.[/QUOTE]</p><p><br /></p>
[QUOTE="Drusus, post: 296251, member: 6370"]this is why the liberty dollar is a joke...why WOULD you do this. Not to mention they are taking fiat money for the coins...something they are supposed to be against. As for precious metals in the money...thats been a problem for the US from the first minting of US coins...eventually the metal in the coin is worth more than the denomination and as in the case of earlier US coins, they get shipped off and melted to sell. Its just a huge problem to mint circulating currency in precious metals...I dont like a fiat system where worth is placed on money due to some convoluted contrived system either so the only real way to handle the situation is to continue to use paper money and representative, lesser metal coinage for circulation as a representation of real silver and gold...money that is backed by something, like a silver certificate.[/QUOTE]
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