Home > U.S. Secret Service Bans Sale of Silver and Gold Liberty Dollars on Ebay

U.S. Secret Service Bans Sale of Silver and Gold Liberty Dollars on Ebay

December 18th, 2012

Mac Slavo: In early 2011 Bernad Von Nothaus was convicted by the US government and identified as a domestic terrorist by Federal prosecutors for minting his own silver and gold coinage, and then offering those coins for sale to clients. He dubbed the  coins “Liberty Dollars” and by doing so brought upon himself the ire of the U.S. Secret Service, Federal Reserve and a host of other government agencies.

According to the government, Von Nothaus was a counterfeiter, though he made no attempts to actually counterfeit U.S. currency, but rather, provide another mechanism of exchange through the use of precious metals.

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After Von Nothaus’ conviction, the Secret Service warned they would be confiscating all Liberty Dollar coins manufactured by Nothaus’ company, NorFed.

[Must Read: Paper-Gold Fraud Now Out In The Open]

Since the shutdown of VonNothaus’ operation, many of the coins have been offered for sale or trade on mega-auction site Ebay, and this week the Secret Service took action. They contacted Ebay, which in turn advised sellers of the coins on their site that they could no longer engage in the trade of silver coins with the Norfed Liberty Dollar hallmark:

The United States Secret Service has requested the removal of all Norfed Liberty dollars on the eBay site as counterfeits. … Please do not relist this item(s). We appreciate that you chose to list this coin on our site and understand there was no ill intent on your part. Your listing fees have been credited to your account.

There is nothing special about the Liberty Dollar coins other than the fact that they are pure silver; and, of course, that they actually have intrinsic value as compared to general circulation U.S. legal tender which is, by most accounts, essentially worthless in terms of metal value.

[Must Read: When The “PRICE” of Gold or Silver Means Nothing?]

The government disagrees with this argument, and in a press release issued by the US Department of Justice, said that the trade of such coins amounts to nothing short of terrorism because it poses a direct threat to the stability of the United States:

Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism, U.S. Attorney Tompkins said in announcing the verdict. While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country, she added. We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.

The Secret Service has gotten involved in order to ensure buyers don’t get confused by thinking they are acquiring legal U.S. tender. Apparently they believe that someone who buys a silver coin for $35 may, in a state of confusion, then attempt to exchange it for a $1 soda pop in the open market.

Today they are targeting the Liberty Dollar because it “represents a clear and present danger to the economic stability” of the United States. It wouldn’t be that far a stretch of the imagination to suggest the government could make the same argument for any mechanism of exchange or store of value, especially those which contain gold and silver.

[Related: Silver’s Smoking Guns, Part III: Market Paradox]

They confiscated gold in the 1930′s for much the same reasons. They may very well do it again, but this time you may be a terrorist if you have silver or gold coins at home when they come looking.

Hat tip Steve Quayle

This article is brought to you courtesy of Mac Slavo.

Gold, Government, Markets, Precious Metals, Silver

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  1. greywulfe
    December 21st, 2012 at 09:23 | #1

    Never trust these type of websites for accurate reporting. The actual press releases shows that Von Nothaus was deliberately circulating these coins to compete against the US dollar. If he just created a silver coin like any other mint does, we wouldn’t have had any problems. It was the way he did i.

  2. Rik
    December 20th, 2012 at 22:32 | #2

    People should get their heads out of their butts and figure out the pecking order………..Creator….Man……….Government…Corporation.The last two are fiction and mean nothing.Thats why they need a fiat currency stamped legal tender to survive.Figure out who you serve,theres not two masters.

  3. Lee
    December 20th, 2012 at 09:04 | #3

    There is one for sale right now on ebay for $50.00.

  4. December 20th, 2012 at 04:49 | #4

    Good call, Cindy. They are still available. Below is a link to one such silver Liberty Dollar available on ebay. Check for yourself:


    Government employees are completely incompetent. I could auction a Janet Yellen goo goo doll and the SS wouldn’t be able to stop it. Well, no one would bid on it (for obvious reasons) but the auction would take place.

  5. Professor Jones
    December 20th, 2012 at 04:03 | #5

    As long as the real “Fed”, FedEx, does not forbid shipping, it is legal.

    The “Secret Service”, SS, is not “secret” and provides no “service” except for suplementary genital groping on behalf of Fatherland Security. Sig Heil Mein Fuhrer.

  6. Zorba The Greek
    December 19th, 2012 at 22:54 | #6

    If they come for my gold, they will have to take a lot of my lead too.

  7. Cindy
    December 18th, 2012 at 21:11 | #7

    Did anyone do ANY fact checking on this article? SS has said multiple times on the record that owning Liberty Dollars is not illegal. And did ANYONE bother to follow up with a call to either Ebay or SS to find out if there was really a request? Get a copy of the request? Journalism in this county is getting pretty sad. Never would we have seen this shotty fact checking in the recent past.

  1. December 20th, 2012 at 08:00 | #1

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