Travelers checks and gift cards are special circumstances and are not currency. They are purchased with currency and can be redeemed for United States currency, travelers checks almost anywhere and gift cards only at the store that issued them. When I have a pocket full of travelers checks I have a pocket full of US minted money.
When I have a pocket full of Libery Dollars I have a pocket full of, possibly, counterfeit coins that are not redeemable for US currency and are not backed by the feds.
Like it or not, making your own money is not legal, even if the actual value of the coins is more than the equivalent US currency(don't know if liberty dollars are worth more or not).
We should wait and see if this was really a property grab or if the law was justified in confiscating this property.
Yes you do. The Federal Reserve officially counts them as money too. Perhaps I'm just using the term currency incorrectly.
See post 254.
“Counterfeit” has a very specific meaning - an intent to defraud by presenting something worthless as if it had value.
When you have a pocket full of Liberty Dollars, you have the intrinsic value of the silver or gold of which they are made, and only a passing resemblance to US base-metal coinage.
Using the term “counterfeit” here is patently incorrect.