Feds coming for privately-owned silver coins

[rambone]

The Federal Government has declared that privately-owned "Liberty Dollars" are to be considered "contraband" and may be subject to seizure.

Liberty Dollar was a successful company from 1998-2009 when its creator, Bernard von NotHaus, was arrested and called a terrorist by a judge. $7 Million worth of his private inventory was confiscated and he will face up to 15 years in Federal prison.


Better go turn them in guys. The law is the law.

Liberty Dollars may be subject to seizure | CoinWorld
​

Liberty Dollars held by collectors may be subject to seizure as contraband by federal law enforcement, officials with the U.S. Attorney’s Office and Secret Service said Aug. 24.

 

[snowrs]

Every time I go to the indoor range I think about what a sham that was

 

[Rookie]

That will certainly raise the prices.

 

[hooky]

I wonder if the feds will come after bitcoin holders/users too.

 

[Magnum]

That will certainly raise the prices.

The irony.

 

[Kirk Freeman]

Why this guy did not make taels with a Wookie or Ron Paul on them instead of coins I do not understand. I've got a few taels and they are really cool to stack.

Anywho, relax, ram, the feds are not coming for silver coins, just those involved in fraud and counterfeiting.

 

[level.eleven]

I wonder if the feds will come after bitcoin holders/users too.

Bitcoin would blow Rmabone's mind. In a good way, of course.

Isn't the system distributed? I don't think there is any "It" they can come after. Sure, they could come after people using or accepting them.

 

[hooky]

Bitcoin would blow Rmabone's mind. In a good way, of course.

Isn't the system distributed? I don't think there is any "It" they can come after. Sure, they could come after people using or accepting them.

I've just recently found out about bitcoins (last 3 or 4 months). It is on a distributed peer to peer network. I'm definitely intrigued by the idea. I've begun to think about acquiring $100 worth and seeing where it goes.

 

[darthfader]

only because he used the word dollar on it. they govt would not have put him in jail for just making silver rounds. by offering it up as the liberty dollar the govt took great offense at the other currency. when it comes to currency the secret service are fanatical about its protection. look at the 1933 gold 50$ coin... they have spent 70yrs trying to recover all the coins that were accidentally released to the public. only 1 is official legal tender and its worth about 10 million bucks.

 

[Kirk Freeman]

Bitcoins, as wookie as they are, make a lot more sense than those fed magnet Liberty Dollars.

 

[MinuteMan47]

They already did it with gold. Hoarders beware.



Executive Order 6102 - Wikipedia, the free encyclopedia

 

[LEaSH]

I've never seen one of these, but if the coin in the OP is accurate, I'm a little creeped out.

The profile of the lady liberty looks EXACTLY like my MOM!!! (When I see pictures of her from her 20's and 30's - that is).

 

[NYFelon]

Dude, your mom was really shiny when she was young.

 

[snowrs]

Every time I go to the indoor range I think about what a sham that was

I should clarify, the fact that they busted him was a sham, not what he was doing. They were based out of Evansville next to Strictly Shooting.

 

[Bunnykid68]

I should clarify, the fact that they busted him was a sham, not what he was doing. They were based out of Evansville next to Strictly Shooting.

I agree, Everything I read on them seemed to make sense. You just are not allowed to compete with the real money makers

 

[HeadlessRoland]

come and take them.

 

[96firephoenix]

the problem here is that someone coined something that looks very close to a real US dollar and used the term "dollar" on it. the fact that it was a Nothaus dollar and not a US dollar is pretty insignificant to the SS, who is charged with preventing counterfeit money.

 

[ocsdor]

... Anywho, relax, ram, the feds are not coming for silver coins yet, just those involved in fraud and counterfeiting.

FIFY

 

[snowrs]

Did you see the Liberty Dollars, They were brightly colored and not the same shape, as far as the coins go any coin is going to look like any other coin except they have Ron Paul on the face.

 

[ZombieApocolypse]

They already did it with gold. Hoarders beware.



Executive Order 6102 - Wikipedia, the free encyclopedia

So it shouldnt be long until they make hoarding dollar bills illegal right?

"The order was rationalized on the grounds that hard times had caused "hoarding" of gold, stalling economic growth and making the depression worse"

If people werent "hoarding" all their money right now the economy would be SO MUCH BETTER!!!!!!