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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.
The goddess Liberty is portrayed on the Morgan dollar, designed by George T. Morgan, minted between 1878 and 1904 and again in 1921. Liberty dollar may refer to: Liberty dollar (private currency), a private currency produced in the United States Ron Paul dollar, a 2007 coin minted by the same service, NORFED
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 ...
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.
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 .
The U.S. Dollar has numerous discontinued denominations, particularly high denomination bills, issued before and in 1934 in six denominations ranging from $500 to $100,000. Although still legal tender, most are in the hands of collectors and museums.
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Each Seated Liberty dollar is composed of 0.77344 troy oz of silver. They were minted at Philadelphia, New Orleans, Carson City, and San Francisco. A silver dollar would be worth $1 in silver if the price of silver is $1.29 per troy ounce.