Frequently
Asked Questions
What is a Dollar?
According to the Founding
Fathers, and the Coin Act of 1792, a "Dollar" is a coin made of silver.
The US Mint currently is minting a Silver Liberty Dollar with a silver
content of .999 ounce of silver. Though not "constitutionally correct",
a Silver Liberty is the current Legal Tender coin being minted.
What about the pre-1965
halves, quarters and dimes?
All pre-1965 halves, quarters
and dimes are usually referred to as "junk silver" as they are valued on
their silver content alone. Two halves, four quarters, or 10 dimes of pre-1965
coin have a silver content of .715 ounce of silver.
Since we seem to have
three different ways of making a "Dollar", each with their own separate
silver content, wouldn't it be difficult to keep track of the different
money? It seems this would be a bookkeeping nightmare.
Well, if a business owner
were to accept silver coin on his own then the answer would be yes. We
need to work together to maintain "Equal Weights and Measures" in the different
types of money. The United States Constitution and the Coin Act of 1792
even mandated Congress to value foreign coin against the "Dollar". Congress
has failed the American people miserably.
Are Federal Reserve Notes
we use today Dollars?
The answer is No, Federal
Reserve Notes are NOT dollars. Read this letter by the US
Treasury Department and this one by Nevada
Senator John Ensign. Both of these letters are in Adobe .pdf format.
These letters clearly state that a Federal Reserve Note is NOT A DOLLAR!
Are Liberty Silver Dollars
and Gold Eagles legal?
Yes, Liberty Silver Dollars
and Gold Eagles are absolutely 100% legal, lawful, Legal Tender, and Constitutional!
They are lawful United States Money minted by the US Mint by the direction
of Congress
Are there other alternative
currencies out there competing with the Fed?
Yes. It should be noted
that 40 to 60 communities in the U.S. utilize their own money system. For
example: Ithaca, NY has had national publicity on the use of its "HOURS"
with the value of a Hour equal to ten US dollars. Thus, labor is fixed
at ten dollars per hour as a standard. The Hour circulates throughout the
community as money and is backed by local labor; which necessarily limits
the currency to local use.
The Ithaca program serves
a good local purpose and many other communities have followed the example
implemented by Ithaca. Parade Magazine featured a two page article on the
Ithaca Money on July 5, 1998, the day following Independence Day. This
article went out to about 55 million people. People are becoming aware
of other currencies and that you now have a choice.
What
makes Liberty Silver Dollars and Gold Eagles superior to all those other
alternative currencies?
Silver Liberty Dollars and Gold
Eagles are REAL United States Money.
Unfortunately, all those
other currencies are not backed by any precious metals and were merely
designed to circulate their local economy, and are thus only good in their
location. For example, you cannot spend an Ithaca Hour in Macon, Georgia,
because it is only redeemable in labor from Ithaca, New York. Liberty Silver
Dollars and Gold Eagles are designed to strengthen our national economy.
They also comply with the US Constitution.
How long have Liberty
Silver Dollars and Gold Eagles been available?
Since 1985. Note the Silver
Liberty on the right was minted in 2005!
Where can I get the Liberty
Silver Dollars and Gold Eagles?
You can get Liberty Silver
Dollars and Gold Eagles from any coin dealer. You can also order online.
I recommend www.the-moneychanger.com.
Why should I exchange
my Federal Reserve Notes for Liberty Silver Dollars and Gold Eagles?
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Because you want to protect
the purchasing power of your money.
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Because you want to profit from
inflation.
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Because you know the US dollar
notes are debt based and depreciating.
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Because you want to affect a
real change in a peaceful and positive way.
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Because you support the Constitutions
of the United States and State of Nevada.
Where can I spend Liberty
Silver Dollars and Gold Eagles?
Our web site will maintain
a listing of businesses that accept Liberty Silver Dollars and Gold Eagles
as payment for their goods and services.
Why are the Liberty Silver
Dollars and Gold Eagles inflation proof?
The Liberty Silver Dollars
and Gold Eagles are "inflation proof" because they are 100% gold and silver,
plus because of the way the currency is designed and functions in the marketplace.
As gold and silver coins represent "real" value because they are "real"
money, they are "inflation proof" by their very nature. In other words,
mankind has always valued gold and silver because of themselves. This is
not true of paper with a dollar sign on it that is issued by any government
or anyone else.
The Liberty Silver Dollars
and Gold Eagles are also "inflation proof" because of how they are designed.
They are not only designed to keep up with the inflation of government
money but are actually designed to stay ahead of inflation so that the
people who use Liberty Silver Dollars and Gold Eagles actually profit from
inflation of government money. "Inflation" that is nothing more than excess
printing of paper money by the government that dilutes the value of existing
US dollars and steals the peoples purchasing power.
Bottom line is that the Liberty
Silver Dollars and Gold Eagles are "inflation proof" because they are 100%
gold and silver and designed to stay ahead of inflation, thereby protecting
your purchasing power in the marketplace.
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