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Any consumer that has been able to spend, or recieved a "Liberty Dollar" at a business, feel free to share your experences!

2007-03-09 00:28:39 · 3 answers · asked by Nate 2 in Local Businesses United States Other - US Local Businesses

3 answers

Correction to one of the answers to this question...
Article I Section 8 of the constitution reads that the congress shall have the power ...To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures...
However, it does NOT say the congress has this power EXCLUSIVELY.
The congress also has the power...To provide for the punishment of counterfeiting the securities and current coin of the United States...
Liberty dollars are NOT counterfeiting the current coin of the United States, they are an ALTERNATIVE, and as such are legal to accept by whomever wishes to accept them. There is no law that states the US Dollar is the only form of acceptable payment for goods or services in this country. As such, you can give the merchant anything you want, from a bottle of wine, to a bushel of apples, to a gold or silver coin as long as the payment is acceptable to said merchant. The only thing you currently cannot do with the liberty dollars is deposit them in a bank account or pay your taxes with them due to the FED's illegal monopoly on money.

2007-03-16 08:43:53 · answer #1 · answered by dusmul78 4 · 3 1

Yes. I got two Liberty dollars back in change from the USPS a few months ago... It was like a total blast.

2007-03-13 09:44:00 · answer #2 · answered by CelticMoonGoddess 2 · 3 0

They will eventually be worthless souvenirs. When NORFED gets shut down, all you'll have is a bunch of metal.

Under the Constitution ( Article I, section 8, clause 5 ), Congress has the exclusive power to coin money of the United States and to regulate its value. By statute ( 31 U.S.C. § 5112(a) ), Congress specifies the coins that the Secretary of the Treasury is authorized to mint and issue and requires the Secretary to carry out these duties at the United States Mint (31 U.S.C. § 5131). Accordingly, the United States Mint is the only entity in the United States with the lawful authority to mint and issue legal tender United States coins.

Under 18 U.S.C. § 486, it is a Federal crime to utter or pass, or attempt to utter or pass, any coins of gold or silver intended for use as current money except as authorized by law. According to the NORFED website, "Liberty merchants" are encouraged to accept NORFED "Liberty Dollar" medallions and offer them as change in sales transactions of merchandise or services. Further, NORFED tells "Liberty associates" that they can earn money by obtaining NORFED "Liberty Dollar" medallions at a discount and then can "spend [them] into circulation." Therefore, NORFED’s "Liberty Dollar" medallions are specifically intended to be used as current money in order to limit reliance on, and to compete with the circulating coinage of the United States. Consequently, prosecutors with the United States Department of Justice have concluded that the use of NORFED’s "Liberty Dollar" medallions violates 18 U.S.C. § 486.

2007-03-13 18:01:44 · answer #3 · answered by greymatter 6 · 0 6

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