Liberty Dollars

What do you guys think of these??? Seems like a scam. $20 for an ounce of silver!
http://www.libertydollar.org/catalog/index.php?cPath=21_48

 

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That's only one aspect of the scam. Read this discussion of the illegal nature of these bits of garbage..

 

Interestign website they have too. The only business within 50 miles of my home are directly affiliated with the distribution of Liberty Dollars. Seems a little slinky to me lol

They are cute tho
I'd give em a buck or two for their rounds lol

 

I have a unc $20 Liberty dollar. Can't remember exactly where or when I got it. I can say it is a very beautiful coin/token and design. IMHO, the mint should hire who ever designed and made these coins/tokens since they pretty much blow away anything the mint is currently sending out. Maybe that is why the Govt. is trying so hard to get rid of them.

 

Just another form of bartering. Personally if I was bartering lets' say a good 5yr old horse, I'd want something more than 1500 Liberty Dollars. I'd want maybe two good guns or an acre of land, Something a little more tangible...

Ben

 

the intent is to decieve and they are illegal to use as money. The company is as immoral as SGA and for the same reasons. They are preying on people in a fraudulent manner.

Ruben

 

They went from the $10 base to the $20 base in '05. Do you think if we buy now they'll go to the $25-$30base? The guy here will convert them back to good old cash if I want.

 

Has anyone ever had the 'notes' that are denominated in 'Liberty Dollars'? They remind me of the American Military Payment Certificate banknotes.

Aidan.

 

They're a 'scam' type outfit, but actually are selling 1 oz. silver rounds called 'liberty dollars'. $20 is overpriced.

This is sort of your survivialist mint, if you will. The folks that are buying this stuff are the same that live in a cabin in the woods, have a bomb shelter with a couple of years worth of food, own lots and lots of guns, etc.

Is this sort of living warranted? Who am I to say. It's not my choice and neither is the Liberty dollar which is basically their 'coin of the realm'.

However, strictly as a silver buy, they're overpriced at $20.

peace,

rono

 

You say that like its a bad thing.

 

I mean I think there nuts and try to trick people, but there is nothing morally wrong with alternate currency IMO.

 

while I do agree with the above statement, how many of us have bought "1ounce silver rounds" from the mint for $30 plus!

 

Viper wrote,

Good point and well taken. How about proof buffalos at $800?!?

In the context of mint products, $20 apiece isn't all that bad. However, their purported mission is to establish an alternative currency that could be used in the event of whatever y2k events. Would that something like this occur, any 1 oz. silver round, or better yet, circulated US silver coins in the fractional sizes would work as well if not better.

At least with the mint products, most of the time you can recover your expense should you sell. Not always, but much of the time the issue price helps to serve as a price floor.

and so it goes,

rono

 

The price itself isn't necessarily a problem but seems high. Other silver rounds such as the Austrailian kookabera, the silver Britannia, Chinese Panda, Austrailian Lunar series, and even Silver Eagles often sell for as much or more. And the idea that silver can be money isn't farfetched either. Mexico is debating whether to reintroduce silver coinage [I don't believe they will]. But this can only be done by a government, and that's where the problem lies. Treat the liberty dollar as another silver round and determine the price accordingly.

 

I DO own lots of guns, and live in the woods!
M.A.C. Model 10/.45 FULL AUTO baby.

 

vipergts2

Who's the backer of "face value"? A bank? A government? Can I exchange them at my baNk for smaller denominal US coins? Can I EXCHANGE them at my bank for paper currency. At least the rounds aren't overpriced and are not touted as "face value" coins.

Clinker

 

Hey Clinker. I feel much safer knowing I can take my ASE's to the bank and get a whole $1 each for them.

 

*LMAO*

$20 is overpriced?

Isn't this the same bunch that recently Edited: Language not suitable for this forum when someone found 2006 W uncirculated ASEs on Littletons website for less than $30?

How do you know where the price of either is headed?

 

Yeah well

The ASE's are REAL coins and also have a REAL collecters Market.

The Liberty tokens are FAKE money which is being advertized as real, and have virtually no market. SO ... they are worth exactly their weight in silver minus a small trasaction fee.

Ruben

 

As an Economics graduate student, I have discussions with many free market, libertarian economists. Private money is a subject that is discussed often, as libertarian economists generally do not support the Federal Reserve System and government backed money. Although there are questions about the legitimacy of this particular outfit, many economists I discuss this with favor the general ideal of private money and commodity backed money that the group advocates.