Liberty Dollars May be Subject to Confiscation

By John Galt
August 29, 2011 – 11:30 ET

From CoinWorld.com (click on title read full article):

Liberty Dollars may be subject to seizure

Federal officials call medallic pieces ‘contraband’

from the article:

Liberty Dollars held by collectors may be subject to seizure as contraband by federal law enforcement, officials with the U.S. Attorney’s Office and Secret Service said Aug. 24.

Statements by officials for those two federal law enforcement agencies seem to reverse the position taken in comments released from the United States Attorney’s Office in Charlotte, N.C., and published in Coin World in April, that mere possession of Liberty Dollars did not constitute a violation of any federal statute.
That position has apparently changed, although officials of the U.S. Secret Service — which would be the federal agency likely charged with executing any possible seizures — would not provide any definitive comments concerning under what circumstances Liberty Dollars would be seized.

The revised stance is tied to the Liberty Dollar being determined in a federal court to violate federal counterfeiting statutes. Liberty Dollars, metallic medallic pieces, were privately promoted as a form of currency that could be used in commerce as an alternative to Federal Reserve notes.

Uh, here it comes boys and girls. Hope you have made your plans accordingly because this is just the first step in suppressing anyone wishing to barter, trade, or use non-electronic currency rather than silver, gold and one day soon cash to conduct business in the United States.

(h/t Coinflation.com)

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