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U.S. Secret Service Bans Certain Gold and Silver Coins On eBay
#1
Quote:eBay was contacted by the U.S. Secret Service sometime last month to remove the Liberty Dollar precious metal coins. Citing consistency with eBay’s general policy of not listing counterfeit items, eBay spokesperson Ryan Moore confirmed the ban with Coin World. The following email was sent to affected sellers when the systematic removals began:

The United States Secret Service has requested the removal of all Norfed Liberty dollars on the eBay site as counterfeits. … Please do not relist this item(s). We appreciate that you chose to list this coin on our site and understand there was no ill intent on your part. Your listing fees have been credited to your account.

Real is fake and fake is real. That’s pretty much the monetary world that we live in now as we are coerced to trade and pay taxes in the designated and one ‘legitimate’ State currency. Certainly, the U.S. Secret Service wouldn’t want anyone purchasing pure (.999 fine) gold and silver medallions mistakenly thinking that they might be getting official and real money issued under the authority of the United States.


Quote:The Secret Service has jurisdiction over violations involving the counterfeiting of United States obligations and securities. Some of the counterfeited United States obligations and securities commonly investigated by the Secret Service include U.S. currency (to include coins), U.S. Treasury checks, Department of Agriculture food coupons and U.S. postage stamps.

Rather than the beginning of a second wave of gold confiscation, this action to remove coins at eBay and other sites is aimed directly at NORFED Liberty Dollars issued from the now defunct mint of monetary architect Bernard von Nothaus who was convicting of counterfeiting in 2011. For those that haven’t followed every twist and turn of this landmark case, I would recommend the amicus curiae brief filed by GATA, the brilliant piece from Lew Rockwell, and the possible implications of the von Nothaus case on other attempts to start a new currency.

The State’s nervousness with alternative money creation extends far beyond the lookalikes and the replicas. It goes to the heart of creating a new monetary system evidenced by the targeted shut down of systems that achieve significant market adoption or present an embarrassing dilemma. At issue in the von Nothaus motion to set aside his conviction is the larger constitutional question of whether the government has the power to outlaw the private coinage of money.

“It’s a loser’s game to suppress private money that is sound in order to protect government-issued money that is unsound,” writes Seth Lipsky in the Wall Street Journal.

http://www.forbes.com/sites/jonmatonis/2...s-on-ebay/

The government’s actions to suppress “competition” is just one more indicator of how far government is drifting from the freedom envisioned in the Bill of Rights.
It's the "BILL OF RIGHTS" not the bill of "needs"
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#2
I'm kind of confused why anyone would even bother making something that's almost pure gold into an actual coin, especially one that mimics an actual coin that was once minted. Why go through all the expense of minting the coin, unless you're actually trying to add value to it by making it something it isn't.

If you really want it to be a coin, and not just a hunk of gold, why not make it a Schrute Coin?
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#3
We need to start paying closer attention to all these small, obscure news items.

I appreciate the chance to examine these items and decide how I feel about them, and if they don't amount to anything, then it's all good. Shrug If it really is an attempt at counterfeiting, then the story is still something worth knowing about.
I don't suffer from insanity.
I enjoy every minute of it.
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#4
I agree, I remember hearing that the company that was making these was arrested, interesting information here: http://en.wikipedia.org/wiki/Liberty_Dollar

Take it for what it is, it's a wiki page, I'm sure there's other information out there. I'd say if you're gonna be bartering with gold, don't make it into coins, use it by the ounce. Just stamp the weight directly onto the coin.
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#5
I'm not following how stopping counterfeiting puts our freedom at risk. Can you expand on this?
Dave, proudly annoying members of pa2a.org since Sep 2012.
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#6
Dave;54218 Wrote:I'm not following how stopping counterfeiting puts our freedom at risk. Can you expand on this?

No, he can't because if he does, it goes against 'the big scary government coming to get you' angle he is trying for.
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#7
it's not counterfeit .....it's an alternative currency
It's the "BILL OF RIGHTS" not the bill of "needs"
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#8
And the Constitution says that gold and silver are money. Not bits of paper.
Interdum feror cupidine partium magnarum Europae vincendarum
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#9
Warpt762x39;54244 Wrote:And the Constitution says that gold and silver are money. Not bits of paper.

Constitution, isn't that the kind of paper that obongo wipes his ass with every day.Angry
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#10
I don't see why there's a need to ban them. A "Liberty dollar" is not counterfeit any more than a "Canadian dollar" is. It's merely a coin that's not US currency, nor (IMO) has it ever been promoted as such by the makers.

If individuals and businesses agree to accept Monopoly money amongst themselves, will the government sue and shut down Parker Brothers?
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