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The Liberty Dollar "base value" was created by Bernard von NotHaus. As of 2009, the base value of the Liberty Dollar was $20 Liberty Dollars to one ounce of silver. [13] At the time the Liberty Dollar operation was closed, one ounce Liberty Dollar gold pieces were denominated $1,000 with a maximum charge of 10% over spot price with membership.
According to the evidence introduced during his 2011 federal criminal trial in connection with his involvement with the Liberty Dollar, von NotHaus was the founder of an organization named the National Organization for the Repeal of the Federal Reserve and Internal Revenue Code, commonly known as NORFED and known as Liberty Services. The FBI ...
Coronet large cent, an 1816 coin with a face value of 0.01 dollars; Liberty Head double eagle, an 1850 coin with a face value of 20 dollars; Liberty Head nickel, an 1883 coin with a face value of 0.05 dollars; Standing Liberty quarter, a 1916 coin with a face value of 0.25 dollars; Walking Liberty half dollar, a 1916 coin with a face value of 0 ...
The certificates were initially redeemable for their face value of silver dollar coins and later (for one year – 24 June 1967 to 24 June 1968) in raw silver bullion. [12] Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but still valid legal tender at their face value. [12]
Newfoundland two-dollar gold coin, 1870. Prior to 1865, Newfoundland used the Newfoundland pound, equal in value to the pound sterling. In 1865, Newfoundland switched to a decimal system, the Newfoundland dollar, and started to release its own coinage, in denominations of one-cent, five-cent, ten-cent, twenty-cent and two-dollar coins. [41]
The Liberty Dollar was a commodity-backed private currency created by Bernard von NotHaus and issued between 1998 and 2009. In 2011, von NotHaus was arrested and subsequently convicted on charges of money laundering , mail fraud , wire fraud , counterfeiting , and conspiracy .
Commemorative designs are thus on the reverse of the coins. They replace the usual designs, which have been used for most of the denominations since 1937, [2] 1987 for the one dollar coin, [3] and 1996 for the two dollar coin. [4] They are usually designed by an artist other than the artist who designs the effigy of the monarch.
The new Canadian dollar was equal in value to the New Brunswick dollar, which was introduced in 1852. [3] In order to accommodate transactions involving the Nova Scotian pound, the Province of Canada chose to issue a twenty-cent coin, which was the equivalent to a shilling in Nova Scotian currency. However, no shilling coin was issued by Nova ...
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