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The federal government declares Silver and Gold Liberty Dollars are illegal contraband and warn they are now “duty-bound to confiscate” millions of them.
Sherrie Questioning All points us to an article in the globally distributed Coin world magazine giving us the latest updates on the government’s crackdown and confiscation of silver and gold coins.
After allow the coins to be markets on TV and sold to millions of people, the government will now move in and begin to confiscate the wealth that has been amassed in the hundreds of millions of dollars invested into the coins. The feds are now openly referring to the contraband and warn they are illegal to possess for any purpose and are subject to confiscation.
Officials failed to clarify under what terms the feds will seize the coins.
The U.S Attorney’s office warns that “the Liberty Dollar medallions are confiscable as contraband regardless if they are being exhibited for educational purposes only”.
The U.S. Secret Service is quoted as saying “if a Secret Service agent witnessed something considered to be contraband, such as Liberty Dollars, they would be duty-bound to confiscate it.”
The feds ironically call Gold and Silver Liberty Dollars a ponzi-scheme, which the exact same claim the investors of gold and silver make against the fiat dollar that is printed by the Federal Reserve.
Sherrie writes:
Silver and Gold Liberty Dollars Can be Confiscated by the Federal Government now
So it has begun.
The Federal government has determined it can and will confiscate all Silver and Gold Liberty Dollars that are displayed openly and not for educational uses only in displays. In other words all the Liberty Dollars in stores on Ebay for sale can/will be confiscated by the federal government.
There was a trial earlier this year in North Carolina against Bernard von NotHaus, the founder and creator of the Liberty Dollar. He was convicted by a jury for creating an alternate currency. The Liberty dollars are now considered counterfeits, contraband and subject to seizure.
This is so totally outrageous! This is simply an excuse for the government to try and get as much silver and gold they can from the public and desperation on the part of the government.
The Liberty Dollars did not resemble any coin in the U.S. nor did it bill itself as an alternate currency. It has and was a collectors coin of pure silver and gold.
Here is a picture of the Silver Eagle, which the Liberty Dollar does not resemble at all.
The Silver Eagle, which the Liberty Dollar does not resemble at all, but the government claims the liberty dollar 'counterfeits'
[...]
Source:Sherrie Questioning All
Just to clarify the original coin world article reads the coins are subject to seizure regardless if they are being displayed for educational purposes.
Coin World Magazine reports on the federal government’s open admission that they will confiscate the precious gold and silver coins.
Liberty Dollars may be subject to seizure
Federal officials call medallic pieces ‘contraband’
Liberty Dollars held by collectors may be subject to seizure as contraband by federal law enforcement, officials with the U.S. Attorney’s Office and Secret Service said Aug. 24.
Statements by officials for those two federal law enforcement agencies seem to reverse the position taken in comments released from the United States Attorney’s Office in Charlotte, N.C., and published in Coin World in April, that mere possession of Liberty Dollars did not constitute a violation of any federal statute.
That position has apparently changed, although officials of the U.S. Secret Service — which would be the federal agency likely charged with executing any possible seizures — would not provide any definitive comments concerning under what circumstances Liberty Dollars would be seized.
The revised stance is tied to the Liberty Dollar being determined in a federal court to violate federal counterfeiting statutes. Liberty Dollars, metallic medallic pieces, were privately promoted as a form of currency that could be used in commerce as an alternative to Federal Reserve notes.
U.S. Attorney’s Office
Jill Rose, chief of the criminal division for the U.S. Attorney’s Office in Charlotte, N.C., told Coin World Aug. 24 that the Liberty Dollar medallions are confiscable as contraband regardless if they are being exhibited for educational purposes only.
Rose served as lead prosecutor in the Bernard von NotHaus case. Von NotHaus, creator of the Liberty Dollars, was convicted in federal court in March on multiple charges involving the alternative currency.
Rose said because von NotHaus’ conviction included violations of Sections 485 and 486 of Title 18 of the United States Code, the Liberty Dollar medallions were determined to be counterfeits, contraband and subject to seizure.
The Liberty Dollar represented “a pyramid scheme imbedded with fraud” that had nothing to do with barter or trade, according to Rose.
“Barter is an equal and knowing exchange,” which the Liberty Dollar was proven in court not to be, Rose said.
U.S. Secret Service
Also on Aug. 24, in addition to speaking with Rose, Coin World talked separately with Glen Kessler, assistant special agent in charge in North Carolina for the U.S. Secret Service.
Kessler could not provide a blanket position the Secret Service would take toward those owning Liberty Dollars, whether one piece or significantly more.
He said if a Secret Service agent witnessed something considered to be contraband, such as Liberty Dollars, they would be duty-bound to confiscate it.
Kessler subsequently conferred with his Secret Service superiors as to the agency’s specific position on the Liberty Dollar and potential confiscation.
Kessler informed Coin World the morning of Aug. 25 that because the publication has a worldwide audience, he had to defer additional comments to the U.S. Secret Service Office of Public Affairs.
George Ogilvie, the public affairs officer for the U.S. Secret Service in Washington, D.C., said Aug. 25 the bureau had no comment on Liberty Dollars and indicated that Coin World would have to call back in a few weeks.
Asked what would be different in a few weeks as to under what circumstances seizure of Liberty Dollars would be enforced, Ogilvie responded, “We don’t have anything to say.”
Soon after von NotHaus’ March 18 conviction, Coin World obtained and published comments from the U.S. Attorney’s Office in Charlotte stating that while mere possession of Liberty Dollar medallions was not a violation of federal statutes, actual use or intent to use them in the manner for which von NotHaus was convicted would be considered a violation.
Millions of Liberty Dollars in copper, silver and gold versions are in the hands of collectors and supporters of the Liberty Dollar medallions who have been concerned the medallions could be confiscated by federal authorities.
And that possibility is now apparently real.
Source: Coin World
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