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<p>[QUOTE="NorthKorea, post: 1140862, member: 29643"]Hi everyone. I just got off the phone with a member of the FBI. I called the US Attorney's Office in Charlotte, North Carolina last week, and I guess they forwarded my contact information to the FBI.</p><p><br /></p><p>Anyway, these were the takeaways from my phone call:</p><p><br /></p><p>1) It's legal to possess the Liberty Dollar notes. The US government chose not to prosecute for distribution of the "warehouse receipts" (notes). Therefore, these are <i>currently</i> okay to own, as long as one does not use them directly in commerce. One can assume that the FBI didn't have proof of the receipts being used in commerce.</p><p><br /></p><p>2) It's legal to possess the Liberty Dollar rounds, with caveat. If you own the coins as collectibles, then you're fine. The FBI was very clear on that. However, if you sell the rounds as collectibles, you are on very thin ice. Why? Well, with the caveat that he wasn't providing legal advice, the agent indicated that you don't know final intent. So, if a buyer decided to use the round as currency, you would be liable for distribution with the intent to defraud (US Title Code 18, Sec 491).</p><p><br /></p><p>2a) The suggestion, again with the legal caveat of not providing advice, was made that a long list of disclaimers would need to be provided with each transaction. (Basically stating that the rounds were involved in a counterfeiting case and use of the rounds for any purpose other than collectible value would be illegal.)</p><p><br /></p><p>I know there are other threads about the Liberty Dollar, but I didn't want to have to post this multiple times. I just thought it would be easier to have a new thread specific to the legality of possession. Please don't post responses with your political opinion about whether the government or von NotHaus were right in the case. The reality is that the government won the case and, pending appeal, von NotHaus is now a convicted felon. How we feel doesn't change that fact.</p><p><br /></p><p>Again, I'm hoping this thread remains educational, as I took the time to contact the Attorney General's office in NC, and the FBI took the time to have someone contact me.[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 1140862, member: 29643"]Hi everyone. I just got off the phone with a member of the FBI. I called the US Attorney's Office in Charlotte, North Carolina last week, and I guess they forwarded my contact information to the FBI. Anyway, these were the takeaways from my phone call: 1) It's legal to possess the Liberty Dollar notes. The US government chose not to prosecute for distribution of the "warehouse receipts" (notes). Therefore, these are [I]currently[/I] okay to own, as long as one does not use them directly in commerce. One can assume that the FBI didn't have proof of the receipts being used in commerce. 2) It's legal to possess the Liberty Dollar rounds, with caveat. If you own the coins as collectibles, then you're fine. The FBI was very clear on that. However, if you sell the rounds as collectibles, you are on very thin ice. Why? Well, with the caveat that he wasn't providing legal advice, the agent indicated that you don't know final intent. So, if a buyer decided to use the round as currency, you would be liable for distribution with the intent to defraud (US Title Code 18, Sec 491). 2a) The suggestion, again with the legal caveat of not providing advice, was made that a long list of disclaimers would need to be provided with each transaction. (Basically stating that the rounds were involved in a counterfeiting case and use of the rounds for any purpose other than collectible value would be illegal.) I know there are other threads about the Liberty Dollar, but I didn't want to have to post this multiple times. I just thought it would be easier to have a new thread specific to the legality of possession. Please don't post responses with your political opinion about whether the government or von NotHaus were right in the case. The reality is that the government won the case and, pending appeal, von NotHaus is now a convicted felon. How we feel doesn't change that fact. Again, I'm hoping this thread remains educational, as I took the time to contact the Attorney General's office in NC, and the FBI took the time to have someone contact me.[/QUOTE]
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