Liberty Dollar - R.I.P.
The current version on the way out:
From: LIBERTY DOLLAR NEWS: NOVEMBER 2006 VOL. 8 NO. 11
On Monday, November 20, the Evansville office received a certified letter from our bank, Old National Bank, which said: “Please be advised that if you do not close the Account within 15 days of the date of this letter (11.16.06), Old National Bank will exercise its right to close the Account.” The VP for Bank Security, who ordered the letter, told us that they had investigated our business and said that the “nature of our business” was too risky for them. Also, “concerned” Executive Director Mike Johnson has resigned. A quote from the newsletter:
The Liberty Dollar is clearly under siege. Quite simply, without a bank account and merchant card services, it is all but impossible to do business in this day and age. We face the real possibility that the Liberty Dollar could die… and put all the ideals it stands for at risk! A very sobering thought I dare say.
The bank action and Mike’s departure is not all… “threatening” letters have been received via certified mail by all the RCOs and myself from Daniel P. Shaver, chief counsel for the US Mint. The “Treasury Letter” re-hashed the Mint’s warning and informed all of us that the Department of Justice has determined that the Liberty Dollar is illegal as per 18 USC Section 486.
With the intention of producing more ’silver rounds’ - I call them as they are one ounce bars in a round shape. Bernard has now launched a Hawaiian version of the Liberty Dollar.
Announcing the new 2007 Hawaii Dala featuring King Kamehameha on the obverse with a Face Value of $20 so if you are inclined, you can actually use it as voluntary kala because one Hawaiian Dala is equal to one US dollar.
This version has six historic mega designs for the 30th anniversary for the old Royal Hawaiian Mint in 2004 will be issued in three sizes for a total of 18 issues. One design per size per month. The six designs are: Kamehameha, Liliuokalani, Kalakaua, Kaiulani, Warrior, and Discovers. The three sizes at the current $20 Silver Base will be: one ounce $20 Hawaii Dala, a half ounce $10 Hapalua Dala, and a quarter ounce $5 Hapaha Dala. All in .999 fine silver.
In addition to each of these 18 silver Dala issues, a minimum of 100 of each issue will be hallmarked with a micro hand stamp with the outline of the Hawaiian Island to denote First Day of Issue. And an additional minimum of 100 will also be hand numbered 001 to 100 with the FDI hallmark. Both of these Limited Issues will be available at a premium to Face Value and market priced. If you wish to order a hallmarked or numbered Hawaii Dala, please contact me directly via email.
I believe these to be collectors pieces ONLY.
Mark
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1 opinion for Liberty Dollar - R.I.P.
Mark
Dec 5, 2006 at 10:02 pm
http://www.freemarketnews.com/Analysis/26/6515/liberty.asp?wid=26&nid=6515
I am very happy to tell you that we have opened a new bank account and are ready for Christmas orders. Checks should be made out to “Liberty Services.” It is anyone’s guess as to how long it will remain open until the bank is told to close our account. Meanwhile, I would encourage you to continue to accumulate and use more Liberty Dollars.
Bernard von NotHaus
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