I don't think the silver coins were the problem....it was the copper "dollars" backed by reserves. The silver should have stood on their on. Clearly selling copper coins for a buck drifts into another territory.
Norfed, which is based in Evansville, Ind., says that in the last decade it has put into circulation more than $20 million in "Liberty Dollars," metal medallions and paper certificates that it says are backed by silver and gold stored in Idaho. The group's founder and director, Bernard von NotHaus, says that federal agents seized more than 50,000 copper "Ron Paul Dollars" that the group was selling for $1, in addition to smaller amounts of silver Ron Paul Dollars that sold for $20, gold ones that went for $1,000 and platinum ones that went for $2,000. Agents also raided the Idaho minting company that makes the organization's medallions, seizing the huge pallets of silver and gold stored there, von NotHaus said.
blog.washingtonpost.com |
