"So you're saying that because you can purchase $15 worth of silver directly from the government for $30 and exchange it for a $1 bill, that's less of a ripoff than buying $15 worth of silver from Liberty Dollar for $20 and exchanging it back to Liberty Dollar (or anybody who accepts it) for $20 or sell it on EBAY for upwards of $200?
All because you can take it to any bank and get ripped off? Something does not compute..."
They are sold as bullion coins, but all US mint coins must bear a denomination.
As currency they are worth the printed value.
As bullion they are worth the metal content.
If Liberty Dollars had been sold as bullion coins with no denomination they would be legal under any circumstances.
Of course it would screw up the hairbrained scheme to have them recognized as currency since they would bear no marking.
All because you can take it to any bank and get ripped off? Something does not compute..."
They are sold as bullion coins, but all US mint coins must bear a denomination.
As currency they are worth the printed value.
As bullion they are worth the metal content.
If Liberty Dollars had been sold as bullion coins with no denomination they would be legal under any circumstances.
Of course it would screw up the hairbrained scheme to have them recognized as currency since they would bear no marking.