Going through my box, I find a specimen of the Liberty Dollar Copper One Ounce round. Does this look like a US coin to you? Should minting this round be considered counterfeiting?
Notice: Not intended to be used as legal tender, current money or coin. Manufacturer's Suggested Retail Price $1.00
Learn about Bernard von NotHaus and HIs Liberty Dollar
This is the man who decided fiat could be wiped out by a private voluntary barter currency, based on intrinsic metal value.
Because fiat dollars cannot compete with an private barter currency, the feds shut him down and stole all assets, claiming it was a counterfeit money operation.
In 2007, about a dozen federal government agents seized nearly two tons of coins that featured the image of Ron Paul, a libertarian Texas congressman. They also took about 500 pounds of silver and 40 to 50 ounces of gold. Von Nothaus and others sued the government on behalf of the many people who were the lawful owners of the silver and gold. Despite the 2011 conviction of Bernard von NotHaus on charges related to the manufacture and distribution of Liberty Dollars, U.S. District Court Judge Richard L. Voorhees ruled in late 2014 that seized property not deemed as contraband should be returned pursuant to ownership claims. Source
A Unique Form of Domestic Terrorism
The minting of this coin is a form of "terrorism" according to the Western District of North Carolina Anne M. Tompkins.
On March 18, 2011, after a 90-minute jury deliberation, von NotHaus was found guilty on various counts, including the making of "counterfeit coins" (resembling legal tender coins). U.S. Attorney for the Western District of North Carolina Anne M. Tompkins described Bernard von NotHaus and the Liberty dollar as "a unique form of domestic terrorism" that is trying "to undermine the legitimate currency of this country." The Justice Department press release quotes her as saying: “While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country". Source
Bitcoin and other cypto currencies offer the same competition to the USD, the only difference being that crypto is decentralized and cannot be raided by federal agents.
Federal prosecutors successfully argued that von NotHaus was, in fact, trying to pass off the silver coins as U.S. currency. Coming in denominations of 5, 10, 20, and 50, the Liberty Dollars also featured a dollar sign, the word "dollar" and the motto "Trust in God," similar to the "In God We Trust" that appears on U.S. coins. Source
If the Peace Dollar did not come in these denominations and did not have the motto "Trust in God", would it have made a difference? These are marketing decisions, not counterfeiting. Nobody in their right mind would EVER think these are genuine US coins. But somehow the jury was convinced.
The PEACE DOLLAR is NOT legal tender, but IS constitutional LAWFUL MONEY. Lawful money is lawful by it's metal content and weight, regardless of who mints it. But the government doesn't like competition.
A one ounce round privately minted can be sold or traded for fair market value, just as a US minted copper coin can be sold or traded for fair market value. It is LAWFUL money, according to the US constitution, even if it isn't "legal tender" or "current" money or coin.
Private citizens conducting financial transaction using a private barter currency is not illegal.
Benjamin Turner: God fearer. Rooted in Messiah. Husband of @lturner. Father of six wonderful children. The guy behind the camera. Blockchain enthusiast.
Bless the Most High!
Do You Like Discovering New Content?
ListNerds is a content discovery platform. Members promote content, various products and interesting links. Every click rewards you with MAIL credits to promote whatever content you want to share! If you'd like to learn more, visit Listnerds.com