Sunday, February 12, 2012
Millions of Liberty Dollars Subject to Seizure
Millions of "Liberty Dollars" issued privately by entrepreneur Bernard von Nothaus can be seized by federal agents as counterfeit U.S. currency, according to a report in Coin World. Von Nothaus, founder of NORFED (National Organization for the Repeal of the Federal Reserve and the Internal Revenue Code), was recently convicted of several violations of U.S. law for issuing his "alternative" currency in copper, silver and gold. The coins are apparently still traded on auctions sites and at coin shows. The only consequences reported so far have been cancellation of an "educational" exhibit of the coins by show sponsors fearful of a raid by law enforcement. Here's an article on the issue, and for an interesting look at how emotionally charged this matter is, check out the comments.
Posted by W.J. Elvin III, Editor & Publisher at 5:15 AM