Liberty Services PURE COPPER $1

So I just got my May 21's issue of Coin World today and I have heard about this company "Liberty Services" Before and about them trying to start a second currency to compete with the US mint... Basically they want offer currency backed in metal like the good ol days... I curious if anybody has an opinion on this subject?

If this is new news to you check out:

www.libertydollar.org to see the companies website... I think its interesting and I will be watching this subject to see how they do in their quest!!

 

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I just want to see the token/coin/medal/disk...but for moderator pointed out reasons will not discuss the legality of such things in this part of the forum.

 

"100% backed by gold and silver" - but who's backing it? Who will redeem it for the gold and silver?

"Full one-year 100% money back guarantee" - what if they're not around in a year to give back the money?

Interesting novelty money. It will be interesting to see what comes of it.

 

They ARE a scam,& it is a criminal offence to use these pieces as money.If you did try to buy something with these,you could be looking at doing some hard time in the slammer.No ifs,no buts,& definitely no maybes.

Aidan.

 

they ARE NOT a scam Aidan. As the Mods have mentioned NUMOUROUS times when the liberty dollar is brought up. leave ther politics OUT! please.

 

Sorry Doug. I know they are going after the issuers, not the users. I dont see why the liberty dollars are considered illegal as i thought the issuers had stepped on eggshells to abide by the law. Either way, i like the concept and almost bought some notes a year or so ago for the designs.

some people just hate competition

Topher, the points you bring up are the reason i never bought their starter kit. Whats to stop them from accumulation a few billion and running, leaving what notes they issued behind without backing....

 

Well, they have been issuing the notes since 1998. The $1 copper only needs a minimum of 10 to purchase. (Max 100). As a collectable item, whether you consider it a coin or a token, it is an interesting concept. And I do like the designs.

 

No opinion, because I have no idea what your talking about..lol

 

take a look at the link dak posted Twiggs. It is a cool concept, with some really neat designs.

 

Hmmm... maybe a yn contest prize???

 

Sounds good to me!!

 

I want to see the pics of the copper one though

 

Click on the link in the 1st post and then on the link for the copper $1 I have to say it is a nice looking token, I might even buy one.

 

Why does the mint have a problem with these, and not all other private currencies?

Ithaca, New York
Burlington, Vermont
Madison, Wisconsin
Columbia River Gorge, Oregon
Corvallis, Oregon

 

it might just be for show. i am not worried about the mint 'looking into it'. i would pay more attention IF it goes to trial, and the mint wins. Another thing. The 'Liberty Dollar' might just be getting to big, where the others are smaller.

 

What otheres are there? this I think is the only one I have realy seen & that has only been through this forum LOL

 

I used to live in Ithaca and remember those. We didn't see them that often, but they tend to circulate from one business to the next. My guess is that the Liberty Dollar is being marketed as an alternative currency to the US Dollar, where as others are only designed to be passed around in a community for services, etc, and act more like a "coupon". (sort of)

 

the liberty dollar is the same. its meant to be used at shops that accept it, and people to accept it as change.... if its grown to large,meaning that 'alot' of businesses use them outside a gieven area, it might make the BEP take notice more so then with others. I like the idea, and the designs, but if a shop wanted to give me some in change, i might take 1 or so for my collection, but i wouldnt take a large amount, becuase i wouldnt want the risk of not being able to spend them at the next shop i visit.

 

As long as you got them for melt value at least then you could convert them without a great loss if you needed to

:goof: