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Liberty Dollar Creator found guilty on two counts
Coin World ^ | BY MARY JANE SKALA

Posted on 03/18/2011 3:03:10 PM PDT by DeaconBenjamin

Bernard von NotHaus, creator of the Liberty Dollar, was found guilty on two counts this morning in his counterfeiting trial at the federal courthouse in Statesville, N.C.

He was found guilty of making counterfeit coins and an intent to defraud. Sentencing will be held in several months.

The jury reached its decision in less than 90 minutes.

In this week's four days of defense testimony, von NotHaus maintained that his "medallion" was not legal tender. He said each piece contained the NORFED name and telephone number, but the government pointed out that the silver pieces bore a very strong resemblance to legal U.S. tender coins.

Forfeiture hearings began after the verdict was read in regard to property belonging to von NotHaus and others that was seized by the U.S. government.


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: libertydollar; norfed; nothaus; vonnothaus
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To: DeaconBenjamin
I hearby grant the following. The perp must stay within the confines of Atlantic City.

This is a Trumped Charge! He must be kept on a Salt Water Taffy and Philadelphia Sub diet and may have some Planters Peanuts!

21 posted on 03/18/2011 3:28:02 PM PDT by Young Werther ("Quae cum ita sunt" Since these things are so!)
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To: DeaconBenjamin
BS

The guy wasn't trying to counterfeit or defraud anyone.

Site Removed Due to Court Order.

22 posted on 03/18/2011 3:31:26 PM PDT by smokingfrog ( sleep with one eye open ( <o> ---)
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To: Lurking Libertarian
(It also makes him a fraud, because his "$20" coins only contained about $8 worth of silver at current market rates.)

Ouch...not much way to get around that one.

23 posted on 03/18/2011 3:34:21 PM PDT by Republican Wildcat
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To: Bobalu

Possibly for the “$20”. Your rounds only say what they’re made of and how heavy they are.


24 posted on 03/18/2011 3:36:45 PM PDT by ExGeeEye (Freedom is saying "No!" to the Feds, and getting away with it. "Speak 'NO' to Power!")
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To: DeaconBenjamin

I thought these were the problem, but then I read a little more at the link.

25 posted on 03/18/2011 3:50:02 PM PDT by concentric circles
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To: GeronL
his coins were backed by actual gold and silver

As far as I know, they are gold and silver.

26 posted on 03/18/2011 3:57:16 PM PDT by DeaconBenjamin (A trillion here, a trillion there, soon you're NOT talking real money)
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To: DeaconBenjamin

that would definitely help, lol.


27 posted on 03/18/2011 3:58:11 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: freejohn
Only the Fed and ‘Bernacke’ can print worthless/counterfeit currency

I never heard anyone suggest that Liberty Dollars were worthless.

28 posted on 03/18/2011 4:04:39 PM PDT by DeaconBenjamin (A trillion here, a trillion there, soon you're NOT talking real money)
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To: Lurking Libertarian

Yeah, he messed up when he put “$20” on there. I find the “chiropractic” banner a little odd too (though of course not illegal).


29 posted on 03/18/2011 4:05:01 PM PDT by Yardstick
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To: Bobalu

The face of that coin is beautiful.

Maybe some day that coin can be re-issued, with a different back of course.

How much did it weigh? Was it a one ounce coin?

I wish I had one!


30 posted on 03/18/2011 4:05:11 PM PDT by TruthConquers ( Delendae sunt publicae scholae)
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To: Bobalu

They don’t use the word “dollar.”


31 posted on 03/18/2011 4:07:10 PM PDT by DeaconBenjamin (A trillion here, a trillion there, soon you're NOT talking real money)
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To: Bobalu

I think the problem was the use of the word “dollar” on the coin. I have a variety of silver bullion coins from private makers that have USA themes, but none say dollar on them.


32 posted on 03/18/2011 4:10:35 PM PDT by Kirkwood (Zombie Hunter)
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To: TruthConquers

Yes, it was 1 ounce of silver. I think they were minted by Sunshine.


33 posted on 03/18/2011 4:10:38 PM PDT by DeaconBenjamin (A trillion here, a trillion there, soon you're NOT talking real money)
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To: Lurking Libertarian
It also makes him a fraud, because his "$20" coins only contained about $8 worth of silver at current market rates.

I assume you mean then-current rates. They have $35 worth of silver today, and can be purchased and sold at bullion stores.

34 posted on 03/18/2011 4:14:21 PM PDT by DeaconBenjamin (A trillion here, a trillion there, soon you're NOT talking real money)
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To: DeaconBenjamin
I assume you mean then-current rates.

Yes, that's what I meant. Sorry.

35 posted on 03/18/2011 4:17:06 PM PDT by Lurking Libertarian (Non sub homine, sed sub Deo et lege)
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To: DeaconBenjamin
Yep. Which makes confiscating tons of them okay...for the government. Especially since both gold and silver have gone up considerably.

The $64,000 question is what that does to people who bought these in re: posession of 'counterfeits'?

Are they, too subject to the siezure of their assets?

36 posted on 03/18/2011 4:27:19 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: Lurking Libertarian

On the other hand, if you want to get real nitpicky, he did use the old dollar sign with the two vertical lines, which is no longer the official symbol. Somewhere along the line it was changed to only one line.


37 posted on 03/18/2011 4:30:49 PM PDT by Yardstick
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To: Bobalu
A dollar is (STILL) legally defined as 371.25 grains of fine silver (about one ounce). His coins say they are 20 dollars. They aren't.

The US Government has been doing the same thing since 1965 when the began to make coins that looked like the 1964 silver coins but were made from scrap metal. In this regard it is interesting to consider the meaning of the word counterfeit (from mw.com):

1: made in imitation of something else with intent to deceive : forged <counterfeit money>:
ML/NJ
38 posted on 03/18/2011 4:44:52 PM PDT by ml/nj
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To: Smokin' Joe
The $64,000 question is what that does to people who bought these in re: posession of 'counterfeits'?

Nothing, if they scrap 'em.

39 posted on 03/18/2011 4:49:43 PM PDT by DeaconBenjamin (A trillion here, a trillion there, soon you're NOT talking real money)
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To: DeaconBenjamin

But we still live in a free country, right?

Keep licking the boots of the powerful that lie, cheat, steal, and defraud you daily, FReepers.

Do what they tell you. Keep telling yourselves that anyone who contradicts the official story from the government is a “kook”.

Keep repeating “baaah, baaaaah” and you’ll be the last in line.


40 posted on 03/19/2011 11:50:18 AM PDT by MichiganConservative (Letting Obama supporters vote is like giving a loaded gun to a child with severe mental retardation.)
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