Silver Liberty
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 Walking Liberty Half Dollars 1916 1947 90 SILVER FREE SH $19.00 End Date: Thursday Jun-7-2012 18:31:31 PDT Buy It Now for only: $19.00 Buy It Now | Add to watch list |
 3 1 OZ 999 SILVER LIFE LIBERTY AND HAPPINESS A MARK ROUNDS $86.00 (10 Bids) End Date: Thursday May-24-2012 10:04:50 PDT |
 8 oz 1992 WALKING LIBERTY GIANT SILVER BULLION ROUND 999 WASHINGTON MINT $207.50 (8 Bids) End Date: Friday May-25-2012 17:45:53 PDT |
 6 Shiny Liberty Mint SILVER ROUNDSEach ONE TROY OUNCE 999 + Fine Silver $158.50 (5 Bids) End Date: Thursday May-24-2012 12:01:54 PDT |
 1 Oz 999 Pure ART SILVER ROUND LIBERTY RARITY MINT W DIE CRACK $27.99 (8 Bids) End Date: Thursday May-24-2012 15:02:34 PDT |
 1985 1 TROY OZ 999 Silver Bullion LIBERTY LOBBY Stock 01508 $32.58 (7 Bids) End Date: Thursday May-24-2012 14:01:39 PDT |
 Lot of 10 X 1 10 OZ Silver Bullion Eagle Rounds 999 Fine Walking Liberty $56.23 End Date: Wednesday Jun-13-2012 8:28:07 PDT Buy It Now for only: $56.23 Buy It Now | Add to watch list |
 1 4 Ounce 999 PURE Silver Standing Liberty Round no reserve invest in silver $9.99 End Date: Thursday May-24-2012 8:21:10 PDT |
 1 Oz 999 Pure 1988 LIBERTY SILVER SILVER ROUND $28.12 (8 Bids) End Date: Thursday May-24-2012 16:20:45 PDT |
 LOT OF 5 AMERICAN EAGLE 1 GRAM 999 FINE SILVER LADY LIBERTY ART BARS BARS $24.95 End Date: Thursday May-24-2012 3:24:05 PDT |
 1oz Silvertowne Silver Towne Eagle Liberty Silver Round w Airtite 1 oz $35.00 End Date: Thursday May-24-2012 17:30:42 PDT |
 1oz Silvertowne Silver Towne Eagle Liberty Silver Round w Airtite 1 oz $35.00 End Date: Thursday May-24-2012 18:30:33 PDT |
 RON PAUL 999 Silver Liberty Dollar 25 norfed 1 2 oz ag $33.99 End Date: Sunday May-27-2012 6:19:20 PDT Buy It Now for only: $33.99 Buy It Now | Add to watch list |
 18 90 silver walking liberty halfs $62.55 (5 Bids) End Date: Thursday May-24-2012 11:17:57 PDT |
 Lot of 2 1 4 oz Silver Bullion Liberty Rounds appear mint $19.00 End Date: Thursday May-24-2012 11:33:47 PDT Buy It Now for only: $23.00 Buy It Now | Bid now | Add to watch list |
 One Liberty Mint SILVER ROUND ONE TROY OUNCE 999 + Fine Silver $24.29 (2 Bids) End Date: Thursday May-24-2012 12:06:31 PDT |
 2009 RON PAUL CAMPAIGN FOR LIBERTY 1 oz PROOF SILVER BULLION ROUND $37.99 (7 Bids) End Date: Saturday May-26-2012 11:14:54 PDT |
 1995 WALKING LIBERTY Silver RoundLustrous Shine $27.16 (5 Bids) End Date: Thursday May-24-2012 11:55:49 PDT |
 CHAMBERSBURG 2007 Silver Liberty Dollar 1 OZ norfed PA $99.00 End Date: Thursday May-24-2012 10:45:29 PDT Buy It Now for only: $99.00 Buy It Now | Add to watch list |
 2 SILVER ROUNDSLiberty HeadbandLustrous Shine $45.77 (5 Bids) End Date: Thursday May-24-2012 11:36:57 PDT |
 Old Style Liberty Bust Silver Round 999 1oz Eagle Back $26.00 (3 Bids) End Date: Saturday May-26-2012 11:18:21 PDT |
 ONE QUARTER OUNCE 999 FINE SILVER BULLION COIN LIBERTY EAGLE $8.28 (4 Bids) End Date: Friday May-25-2012 8:43:14 PDT |
 1 OZ MTB LIBERTY SILVER BAR 999 PURE $32.95 (7 Bids) End Date: Saturday May-26-2012 17:40:25 PDT |
 2006 Washington State 1st Day Issue 1 troy oz 999 fine Silver Liberty by NORFED $81.00 (21 Bids) End Date: Saturday May-26-2012 17:00:34 PDT |
 2012 W SILVER EAGLE EARLY RELEASES NGC PF70 ULTRA CAMEO LIBERTY LABEL $95.00 End Date: Wednesday Jun-6-2012 12:36:35 PDT Buy It Now for only: $95.00 Buy It Now | Add to watch list |
 1913 1988 Americas Liberty Fleet 5oz 999 Silver round $100.00 (4 Bids) End Date: Friday May-25-2012 18:22:41 PDT |
 2003 NORFED 10 LIBERTY DOLLAR TORCH BACK 1 oz SILVER BU Pre FBI Raid $27.87 (5 Bids) End Date: Saturday May-26-2012 11:08:43 PDT |
 1 oz LIBERTY BELl CALIFORNIA CROWN MINT SILVER ROUND 999 $29.00 (4 Bids) End Date: Saturday May-26-2012 17:11:26 PDT |
 SILVER ART ROUND 1 oz BUFFALO INDIAN HEAD 999 Fine Stunning Proof like LIBERTY $33.77 (6 Bids) End Date: Thursday May-24-2012 20:45:41 PDT |
 1973 LIBERTY LOBBY SILVER EAGLE COIN ONE OUNCE 999 FINE $24.99 End Date: Saturday May-26-2012 11:20:17 PDT |
 5 1 oz 999 Fine Silver Rounds Standing Liberty Design with reeded edges BU $185.00 End Date: Tuesday Jun-5-2012 14:47:42 PDT Buy It Now for only: $185.00 Buy It Now | Add to watch list |
 2012 Liberty Eagle 1 20 oz SILVER DANIEL CARR Smooth edge ANACS MS 68 $35.00 End Date: Thursday May-24-2012 3:11:59 PDT Buy It Now for only: $50.00 Buy It Now | Bid now | Add to watch list |
 3 DAY SALE 8 OZ 999 SILVER PROOF 1990 LIBERTY NR 4 SHIP LOT 11 $0.99 (1 Bid) End Date: Friday May-25-2012 19:10:25 PDT |
 ONE POUND US Silver 1995 Liberty Dollar Bullion Coin $365.00 (3 Bids) End Date: Sunday May-27-2012 22:54:20 PDT |
 1oz 999 Fine Silver Round Provo Utah 1974 Liberty Silver Guaranteed Invest $31.88 End Date: Thursday May-24-2012 8:38:26 PDT |
 Set of 5 1oz Sterling Silver NORFED Liberty Dollars $134.73 (6 Bids) End Date: Thursday May-24-2012 13:26:25 PDT |
 20 999 SILVER ROUNDS NEW FULL ROLL WALKING LIBERTY $670.00 End Date: Monday Jun-4-2012 12:36:30 PDT Buy It Now for only: $670.00 Buy It Now | Add to watch list |
 2006 Maine State One troy Ounce 999 fine Silver Liberty by BvNH NORFED $35.33 (4 Bids) End Date: Saturday May-26-2012 15:00:03 PDT |
 2009 NORFED 20 LIBERTY DOLLAR Pre Closure One Ounce SILVER $36.00 (9 Bids) End Date: Saturday May-26-2012 11:11:47 PDT |
 2006 Missouri State One troy Ounce 999 fine Silver Liberty by BvNH NORFED $35.01 (2 Bids) End Date: Saturday May-26-2012 16:00:09 PDT |
 1 4 Ounce 999 Silver Standing Liberty Round no reserve invest in silver $8.50 (5 Bids) End Date: Friday May-25-2012 17:56:03 PDT |
 1 4 Ounce 999 Silver Standing Liberty Round no reserve invest in silver $7.50 (7 Bids) End Date: Friday May-25-2012 18:15:37 PDT |
 5 ozs WALKING LIBERTY 999 SILVER PROOF LIKE 5 COINS $172.00 End Date: Monday Jun-11-2012 19:04:58 PDT Buy It Now for only: $172.00 Buy It Now | Add to watch list |
 2008 CAL EVERGREEN Bear Silver Liberty 1 troy ounce 999 fine Silver NORFED $42.95 (5 Bids) End Date: Saturday May-26-2012 16:30:17 PDT |
 1873 seated liberty 2 troy oz 999 FINE SILVER PROOF ROUND w COA card slider $54.09 (37 Bids) End Date: Sunday May-27-2012 13:57:50 PDT |
 1 4 Ounce 999 Silver Standing Liberty Round no reserve invest in silver $6.50 (3 Bids) End Date: Friday May-25-2012 21:35:23 PDT |
 1980 LIBERTY LOBBY ONE SILVER EAGLE COIN ONE OUNCE 999 FINE SILVER $34.95 End Date: Saturday May-26-2012 13:06:43 PDT |
 Walking Liberty Design 1 Troy Oz 999 Fine Silver Bar One Ounce Ingot Bullion $29.00 (3 Bids) End Date: Thursday May-24-2012 19:54:02 PDT |
 2010 W SILVER EAGLE EARLY RELEASES NGC PF70 ULTRA CAMEO LIBERTY LABEL $98.99 End Date: Thursday May-31-2012 16:07:50 PDT Buy It Now for only: $98.99 Buy It Now | Add to watch list |
 2008 Liberty Dollar 20 NORFED 1 oz silver bullion coin Ron Paul toned $86.05 (8 Bids) End Date: Saturday May-26-2012 13:49:50 PDT |
 3 DAY SALE 8 OZ 999 SILVER PROOF 1991 LIBERTY NR 4 SHIP LOT 12 $1.25 (2 Bids) End Date: Friday May-25-2012 19:11:08 PDT |
 SILVER ART ROUND 1 oz BUFFALO INDIAN HEAD 999 Fine Stunning Proof like LIBERTY $20.50 (4 Bids) End Date: Sunday May-27-2012 21:35:09 PDT |
 1987 1 TROY OZ 999 FINE SILVER Liberty Design RARE COLLECTABLE Silver Bullion $26.05 (4 Bids) End Date: Saturday May-26-2012 18:35:31 PDT |
 Liberty MTB 6 Ounces 999 Silver Bars $277.00 End Date: Tuesday Jun-12-2012 7:31:49 PDT Buy It Now for only: $277.00 Buy It Now | Add to watch list |
 2000 NORFED 10 LIBERTY DOLLAR TORCH BACK 1 oz SILVER BU w NORFED Copyright $42.01 (8 Bids) End Date: Saturday May-26-2012 11:06:10 PDT |
 1 4 Ounce 999 Silver Standing Liberty Round no reserve invest in silver $8.50 (5 Bids) End Date: Saturday May-26-2012 7:03:38 PDT |
 Walking Liberty Design 1 Troy Oz 999 Fine Silver Bar One Ounce Ingot Bullion $27.00 (4 Bids) End Date: Saturday May-26-2012 19:54:20 PDT |
 1 4 Ounce 999 Silver Standing Liberty Round no reserve invest in silver $5.50 (2 Bids) End Date: Saturday May-26-2012 7:53:28 PDT |
 ONE QUARTER OUNCE 999 FINE SILVER BULLION COIN LIBERTY EAGLE $6.50 (2 Bids) End Date: Friday May-25-2012 9:20:49 PDT |
 5 1 2 oz 999 Fine Silver Rounds Walking Liberty Design New from the Mint $120.00 End Date: Wednesday Jun-13-2012 20:12:29 PDT Buy It Now for only: $120.00 Buy It Now | Add to watch list |
 2008 Liberty Dollar 20 NORFED 1 oz silver bullion coin Ron Paul BU $116.67 (13 Bids) End Date: Saturday May-26-2012 14:15:51 PDT |
 2008 Liberty Dollar 20 NORFED 1 oz silver bullion coin Ron Paul BU $120.39 (18 Bids) End Date: Saturday May-26-2012 14:14:12 PDT |
 SILVER ART ROUND 1 oz BUFFALO INDIAN HEAD 999 Fine Stunning Proof like LIBERTY $31.00 (5 Bids) End Date: Friday May-25-2012 21:10:13 PDT |
 One NWT Mint Liberty Leaf Silver Sativa 1 oz Bullion Round Roll One $28.00 (7 Bids) End Date: Saturday May-26-2012 12:56:05 PDT |
 US 1993 999 FINE SILVER 1 OZ SILVER EAGLE LIBERTY BULLION COIN $24.49 (9 Bids) End Date: Thursday May-24-2012 12:04:01 PDT |
 2012 UNC ONE OZ 999 FINE SILVER 100 US DOUBLE EAGLE Walking Liberty $47.00 End Date: Friday Jun-22-2012 21:43:07 PDT Buy It Now for only: $47.00 Buy It Now | Add to watch list |
 BLOCK FONT RARE 2000 OLD 1 oz Ag 999 Silver Liberty Dollar 10 norfed 5 Type 2 $47.99 (9 Bids) End Date: Sunday May-27-2012 5:03:34 PDT |
 SILVER ART ROUND 1 2 HALF oz BUFFALO INDIAN HEAD 999 Stunning SMOOTH LIBERTY $19.00 (6 Bids) End Date: Thursday May-24-2012 23:15:01 PDT |
 SILVER ART ROUND 1 2 HALF oz BUFFALO INDIAN HEAD 999 Stunning SMOOTH LIBERTY $15.50 (4 Bids) End Date: Friday May-25-2012 19:00:53 PDT |
 1 GRAM 999 FINE SILVER AMERICAN EAGLE WITH GOLD OVERLAY LADY LIBERTY ART BAR $4.15 End Date: Thursday May-24-2012 2:52:11 PDT |
 1 OZ 999 FINE SILVER ROUNDS STANDING LIBERTY DESIGN GREAT INVESTMENT $29.99 (1 Bid) End Date: Saturday May-26-2012 18:28:29 PDT |
 2005 20 CHAMBERSBURG PA LIBERTY SILVER DOLLAR NORFED BEAUTY $44.44 End Date: Saturday Jun-16-2012 11:33:58 PDT Buy It Now for only: $44.44 Buy It Now | Add to watch list |
 1 OZ999 SILVER COIN ABOLISH THE FEDERAL RES RON PAUL LIBERTY 2012 MONEY+ GOLD $40.01 (7 Bids) End Date: Thursday May-24-2012 20:26:41 PDT |
 LIBERTY SILVER 1 TROY OUNCE 999 FINE SILVER ROUND STOCK 45311 $26.00 (2 Bids) End Date: Sunday May-27-2012 21:23:41 PDT |
 SCARCE NORFED 2006 ONE OUNCE 999 SILVER MASSACHUSETS LIBERTY DOLLAR $40.99 End Date: Thursday May-24-2012 7:28:28 PDT Buy It Now for only: $45.99 Buy It Now | Bid now | Add to watch list |
 McCARRAN AIRPORT Silver Strike LIBERTY UNITED WE STAND $22.68 (14 Bids) End Date: Saturday May-26-2012 9:41:35 PDT |
 1 oz Silver Bullion Lady Liberty Round One Troy Ounce 999 pure fine mint coin $31.11 (13 Bids) End Date: Friday May-25-2012 8:57:16 PDT |
 1 franklin2 kennedy 1 walking liberty SILVER half DOLLARS 2 silver quarters $50.00 End Date: Saturday May-26-2012 20:39:26 PDT Buy It Now for only: $50.00 Buy It Now | Add to watch list |
 999 FINE SILVER ROUNDS lot 1985 Liberty Mint SHIP + 2 Casino 10 dollar CAR Coins $70.00 End Date: Thursday May-24-2012 8:47:20 PDT Buy It Now for only: $80.00 Buy It Now | Bid now | Add to watch list |
 1 4 Ounce 999 Silver Standing Liberty Round no reserve invest in silver $5.50 (2 Bids) End Date: Saturday May-26-2012 7:31:54 PDT |
 5 Walking Liberty Half Dollar BU Lot 90 626g 201ozt Junk Silver NR $5.50 (2 Bids) End Date: Monday May-28-2012 9:36:05 PDT |
 Quarter Troy Oz 1 4 Oz 999 Pure Silver Liberty Round Great New Item Look $6.50 (6 Bids) End Date: Saturday May-26-2012 17:47:04 PDT |
 1 2 Oz Silver Eagle Half Ounce Round Walking Liberty 999 Fine Bullion Coin $17.56 (3 Bids) End Date: Monday May-28-2012 20:12:04 PDT |
 Silver Round Statue Liberty Mint Honest Value Constitution Art Bars r and l $42.77 End Date: Saturday Jun-16-2012 15:54:54 PDT Buy It Now for only: $42.77 Buy It Now | Add to watch list |
 BARBARY COAST Silver Strike LIBERTY BELL LET FREEDOM RING $19.18 (8 Bids) End Date: Saturday May-26-2012 9:32:41 PDT |
 1 4 Ounce 999 Silver Standing Liberty Round no reserve invest in silver $9.00 (3 Bids) End Date: Saturday May-26-2012 6:31:06 PDT |
 1 TROY POUND ROUND LIBERTY COIN 1999 $19.99 End Date: Sunday May-27-2012 18:47:05 PDT |
 Silver Eagle Liberty Dollar 2010 Uncirculated $31.00 (2 Bids) End Date: Thursday May-24-2012 11:27:00 PDT |
 2003 10 NORFED Silver American Liberty Dollar One Ounce 999 Silver $19.99 (5 Bids) End Date: Friday May-25-2012 12:27:20 PDT |
 1oz SILVER ROUND Bullion 999 Pure Silver Walking Liberty ROUND New from Mint $38.20 End Date: Sunday Jun-10-2012 13:19:15 PDT Buy It Now for only: $38.20 Buy It Now | Add to watch list |
 3x 1oz 999 Pure Silver Walking Liberty Coins Year 2000 LOT OF 3 NO RESERVE $76.50 (11 Bids) End Date: Saturday May-26-2012 13:00:15 PDT |
 2 Troy Oz 999 Fine Silver Round LIBERTY Made in the USA Pictured $45.00 (5 Bids) End Date: Friday May-25-2012 13:19:08 PDT |
 1 4 Ounce 999 Silver Standing Liberty Round no reserve invest in silver $5.50 (2 Bids) End Date: Saturday May-26-2012 7:51:15 PDT |
 1 4 Ounce 999 Silver Standing Liberty Round no reserve invest in silver $5.50 (2 Bids) End Date: Saturday May-26-2012 7:46:59 PDT |
 1 OZ 999 FINE SILVER ROUND FAMOUS BUFFALO NICKEL DESIGN STAMPED LIBERTY $26.66 (10 Bids) End Date: Tuesday May-29-2012 19:00:28 PDT |
 2012 S Liberty Series Silver Eagle 1 NGC MS70 MS 70 First Releases ALS FR $89.00 End Date: Thursday May-24-2012 17:11:10 PDT Buy It Now for only: $89.00 Buy It Now | Add to watch list |
 SILVER Coin 1 oz 2010 AMERICAN EAGLE STUNNING Walking Liberty Pure BU TREASURE $36.00 (6 Bids) End Date: Friday May-25-2012 20:50:34 PDT |
 A Mark Liberty Silver 1 Troy Ounce Silver Round $10.50 (3 Bids) End Date: Tuesday May-29-2012 9:37:06 PDT |
 2007 LIBERTY WALKING AMERICAN SILVER EAGLE DOLLAR COIN 1 OZ MINT CONDITION $24.50 (4 Bids) End Date: Friday May-25-2012 19:15:05 PDT |
 SET OF 3 1 GRAM 999 FINE SILVER BARS MAPLE LEAF CROSS LIBERTY ART BARS $15.95 End Date: Thursday May-24-2012 6:41:09 PDT |
Should Gold and Silver be “illegal” Tender?
Years ago, if you wanted to buy something you paid in coins minted from, or at least backed by, precious metals. United States currency, for example, was backed by gold held by the government – hence the term “gold standard”. Your dollar was backed by a dollars worth of gold which in theory you should have been able to get by simply turning in your dollar.
Since that time however a lot has changed. The dollar is no longer primarily backed by the tangible, but rather the intangible. It is basically backed by itself on the condition of the stability of the United States government, the productivity of the citizens of the United States and the willingness of foreign countries to use it as a guarantee of their own currency.
This, of course, is problematic because of a pesky little thing called the United States Constitution which states, “No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts “. So if no State can do this, then how can they allow a currency issued by the federal government to be used by their citizens?
A quick scan of all the amendments made to date shows no repeal of that clause was ever made. Which means that it is still valid and “the law”.
To me, at least, it seems we have a bit of a problem even though to me it doesn’t really matter what the dollar is backed by. Although there are many that are indignant at anything other than what they want used as a basis for value being used. My opinion is that as long as whatever backs the dollar is valued, it doesn’t matter what that something is.
Everything that could be proposed to back the dollar has periods of highs and lows. I don’t care what you come up with. Even the value of gold fluctuates with supplies, new sources being mined, old sources drying up and even plain old demand just as the value of the perceived stability of the American government and its promises to back its own currency do.
So to me it has always been a moot point. Base the value of the dollar on whatever you want. Just make sure that that “whatever you want” is valuable and be careful. As the old story goes, leaves make great currency until you discover a forest. Then you have to worry about inflation.
But I do believe that we should abide by the Constitution. Or at least be willing to change it by amendment if we no longer think that the standard set forth in it is no longer valid or attainable.
So fast forward with me if you will to the modern day. Arrive with me at just this past month when FBI agents raided and seized the precious metals and coins owned, minted and circulated by Liberty Dollar. The company is owned by Bernard von NotHaus and has been minting its own coins for a decade which some, and I emphasize some, companies and individuals have chosen to accept as legal tender for exchange of goods and services. All told, it appears that over the years millions worth of “Liberty Dollars” have been placed into circulation and all are backed by precious metals and a guarantee by Liberty Dollar.
Disclaimer time so bear with me. I supported the concept of the Liberty Dollar until Mr. von NotHaus decided to make his enterprise a political operation instead of simply an exercise in Constitutional adherence. By producing coins with a political messages such as the anti-war “Peace Dollar” he thoroughly ceased ingratiating himself in my mind and became someone that doesn’t understand the dangers facing American and individual liberty. And when the “Ron Paul for President” coin became available, well, he became a basically a fund raiser and promoter for that candidate. Personally I believe that he ruined a good idea even if it had yet to really catch on. If I had been him I would have kept the politics out of it.
I think it is only right to also disclose that I have never used any of the products by Liberty Dollar for two reasons. First, because I could not get any local retailers to say they would accept them. Second is that the value of the coin is not backed by its actual value in precious metal. For example, from the Liberty Dollar website, “When the price of silver rises near $10 per ounce, a new $20 Warehouse Receipt series will be issued. All new Certificates will be identified with "$20 Silver Base. The new $20 denomination certificate will be backed by one ounce of .999 silver”. Note that that “one ounce” however is only worth “near $10”. I didn’t think it was a good idea to invest something that wasn’t worth nearly its weight in gold ... um ... I mean silver if you know what I mean.
I liked the idea, but hey, those are the breaks. Currency doesn’t do you any good if no one values it at the value you assign to it.
So, back to the FBI raid on Liberty Dollar. It was because the government claimed that the company’s money was too “similar” to “official” U.S. currency even though the “official” U.S. currency isn’t based on the Constitutional provision of being gold and silver backed. To which I ask the obligatory question of, “So what?” Is there now some monopoly that the federal government should have over how we conduct our business?
Not according to the Constitution. The Constitution doesn’t give the federal government the exclusive right to be the sole source of “money”. It only gives the government the power to issue money stating, “The Congress shall have Power ... To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures“. Being the strict constructionalist that I am, I have to call it as I see it.
There are also other charges that appear to be headed to court to be sorted out. Issues such “counterfeiting”, a bogus charge because Liberty Dollar was not creating copies of the federal currency, and others such as whether or not the endeavor was a sort of ponzi scheme where the coins were sold at more than the value of the gold, silver, etc that backed them.
You see the potential problem here. The money is inflated in value as I previously discussed. But you can’t really make the money and pay for the costs of turning the raw metals into coins without charging more than it is worth right? After all, it takes many times the value of an “official” U.S. dollar bill to keep it in circulation than the value of the dollar bill in the first place. So the same problem exists with federal money.
As long as people agree to accept the currency as payment shouldn’t we let them? If people are willing to accept the coin and Liberty Dollar makes good on its pledge to redeem the currency for the precious metals that back it as promised when asked, what really is the problem here? Should gold and silver not be legal currency? Should people not be allowed to barter and trade in any form they desire for goods and services barring the infringement of someone’s rights in the transaction? Or should the government be allowed to dictate what we can and cannot use as “currency” for private transactions?
And if gold and silver are not to be legal currency, then wouldn’t every coin dealer in America be just as guilty as those that created the Liberty Dollar each time they bought or sold a coin? What about the local pawn shop that buys and sells jewelry made of gold and silver?
Shouldn’t we be able, as free people, to trade something for something else of our own free will?
These are serious questions that need to be answered. Because in a time not too far removed from modern day, we as Americans, used to conduct our business in things other than the paper money and coins of modern day America. We offered gold and silver and even cows and chickens as payment for our debts and to acquire services. Heck, at one point in America, “wampum” was a currency for God’s sake! Wampum, for your information, being polished shells plentiful in the ocean to anyone that had the drive to fetch them.
If I offered you a steaming pile of fresh manure for a dozen eggs because you could use the manure to fertilize the corn in your field should the government have the right to tell us, “No, you can’t do that”?
About the Author
J.J. Jackson is the owner of American Conservative Daily Blog. He is also the lead designer for The Right Things - Conservative Political T-shirts. His weekly articles and exclusive content can be found at Liberty Reborn.
DAVID MORGAN : SILVER, LIBERTY & CFTC LIMITS - Part ONE
