History:
The Liberty Dollar is a private currency embodied in minted metal pieces (referred to as rounds) and gold and silver certificates (ALD). ALD certificates are warehouse receipts for real gold and silver formerly owned by ALD certificate holders which was warehoused at the Sunshine Mint in Coeur d'Alene, Idaho prior to an FBI raid (see below)
NORFED, The National Organization to Repeal the Federal Reserve Act was created October 1, 1998 by Senior Economist, Bernard von NotHaus in order to create a unique financial/political instrument. Based on his 24 years of extensive research and review of economic models, currencies, financial systems including the Federal Reserve, plus an extensive network of business connections, Von NotHaus designed the American Liberty Currency was to be :
Absolutely 100 percent legal
Circulated at par with Federal Reserve Notes
Backed with 100 percent intrinsic value
Responsive to the free market
100 percent redeemable
Adjustable to market fluctuations
Ultra-secure
A political message
Von NotHaus and the members of NORFED issued American Liberty Currency through a grass-roots movement of one American to another, and through the national radio talk-show circuit.
There are over 40 alternative currencies in the USA. The Liberty Dollar is the most popular and widespread because it combines all the best elements of each idea. It is the only one that is not strictly local so it can be used everywhere. "Berkshares" and "Ithaca Hours" are examples of these but they are paper, and not accepted outside a small area.
The Liberty Dollar warehouses were raided and the contents confiscated by the US government (FBI & Secret Service) on 15 November 2007. The government states this confiscation is intended to prevent people mistaking Liberty Dollars for legal tender; the Liberty Dollar organization (NORFED) is accused of illegally presenting the currency as a legal alternative to the United States dollar.
The case against Von NotHaus is pending in federal court.
On December 13, 2007, Representative Ron Paul introduced the Free Competition in Currency Act of 2007 in the U.S. House of Representatives, saying:
"One particular egregious recent example is that of the Liberty Dollar, in which federal agents seized millions of dollars worth of private currency held by a private mint on behalf of thousands of people across the country .... We stand on the precipice of an unprecedented monetary collapse, and as a result many people have begun to look for alternatives to the dollar .... I believe that the American people should be free to choose the type of currency they prefer to use. The ability of consumers to adopt alternative currencies can help to keep the government and the Federal Reserve honest, as the threat that further inflation will cause more and more people to opt out of using the dollar may restrain the government from debasing the currency."
The bill seeks to legalize the use of currencies — including the Liberty Dollar — that compete with the Federal Reserve's U.S. dollar
The Liberty Dollar is not US Government nor the Federal Reserve Bank Money in any way and is not "legal tender" or a "coin". Both terms legally mean "government made or authorized" money.
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All items being sold on this page are for numismatic collector value only. No currency items are currently backed by, or exchangeable for, any intrinsic such as silver or gold.
All rounds do contain 1 oz. .999 fine silver.
Price subject to change up or down without notice due to extreme volatility in the marketplace, and all offers may be withdrawn without notice!
Please note that due to this volatility, there is no return privilege or order cancellations on this item! All sales are final and the price at the time an order is placed cannot be adjusted!
Do not place an order if you do not accept and agree to these terms!