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<p>[QUOTE=&quot;NorthKorea, post: 1146691, member: 29643&quot;]I think the scenario under which purchasing them would be illegal could be potentially present until such time as spot price exceeds Face. The reason is similar to gift cards. If someone buys the coins under the impression/understanding that the coins are accepted at face by some locales, then they would be breaking the law with intent. Now, the question is &quot;how likely is this to happen?&quot; It&#039;s probably unlikely, but still possible. People overpay for Visa/MC/Amex Giftcards on eBay all the time. The basis of overpay is different for each person, but the underlying theme is the expectation of intrinsic value related to the Face amount.</p><p><br /></p><p>Here&#039;s an example:</p><p><br /></p><p>eBay recently (last week) ran a promotion with Groupon selling $15 in eBay value for $7. Additionally, yesterday was the first day of first quarter eBay Bucks being credited to accounts. If you had $40 in eBay bucks and the $15 Groupon coupon, you could buy a Liberty Dollar for $55, assuming you could dispose of it at $50 face. Your net would be the $3 profit exceeding your $7 payment to Groupon plus the $40 in eBay bucks being liquidated into cash. In this scenario, the buyer purchased with the intent to distribute as tender.</p><p><br /></p><p>Now, the appropriate scenario is the one that actually happened. Liberty Dollars were sold at a discount to face to distribution centers. These individuals/businesses would then distribute the LDs into the currency stream, either by presenting LDs as change for tender transactions or by using them to purchase goods.</p><p><br /></p><p>I might be missing your point, but it seems clear to me that the buyer is the one violating the law in that scenario.[/QUOTE]</p><p><br /></p>

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