Liberty Dollar Found GUILTY

[BonerJoe]

eBay caves to anyone complaining, so it's not surprising.

[Cognitive Dissident]

This is a strange story just out.....


Secret Service demands ebay remove all Norfed Liberty dollars as counterfeits

The United States Secret Service has requested the removal of all Norfed Liberty dollars on the eBay site as counterfeits.
 
http://www.goldismoney2.com/showthread.php?40246-Secret-Service-demands-ebay-remove-all-Norfed-Liberty-dollars-as-counterfeits

Basically, like the Liberty Dollar itself, it makes the feds look bad. Must censor.

[snowdog2012]

This makes more sense of it.  Feds changed their position on ownership of these things....before they looked other way, now they are now illegal contraband...

The revised stance is tied to the Liberty Dollar being determined in a federal court to violate federal counterfeiting statutes.

http://www.coinworld.com/articles/liberty-dollars-may-be-subject-to-seizure/

[LTKoblinsky]

Isnt $ a generic symbol for money, where the double strike-through denotes U.S. currency?

[snowdog2012]

This website says the counterfeiting charge came from misconstrued evidence of prosecutors showing the similarity of a mercury dime with a NORFED 1 OZ. coin...




http://www.coincommunity.com/forum/topic.asp?TOPIC_ID=127885&whichpage=7

[Dalebert]

Why would Liberty Dollar put "USA" on their coins?

[snowdog2012]

Here is one of the codes he was convicted on...

http://www.law.cornell.edu/uscode/text/18/486

Im not a lawyer, but that code seems to say not even an "original design" coin can be circulated (uttered) as money.

So even minting an original Shire coin with Ron Paul appears to be illegal.

?

[Dalebert]

You can't call it money. You can't even call it a coin. You can buy, sell, and trade "rounds" of silver and lots of people do. It's when you try to pass it off as an official currency that you have a problem. Liberty Dollar had a marketing plan that involved convincing a lot of ignorant people that it was an official currency. The markup on it was obscene. Libertarians were into it for making a statement about alternate currencies but most people are not going to value a silver round at the face value of a liberty dollar unless you convince them that "suggested retail value" is somehow an official thing and that people are required to accept it like they are U.S. currency.

[snowdog2012]

Making Rings Out of Coins

Silver and gold coin rings bullion coins turned into rings

[anarchir]

Dale is absolutely right. In the U.S. a "coin" is government money. Round is a shape, could be metallic.

Kind of like how head shops dont like the word "bong" but "water pipe" is just fine.