The Liberty Dollar (ALD) was a private currency produced in the United States. The currency was issued in minted metal rounds (i.e. coins), gold and silver certificates and electronic currency (eLD). ALD certificates are "warehouse receipts" for real gold and silver owned by the bearer. According to court documents there were about 250,000 holders of Liberty Dollar certificates. The metal was warehoused at Sunshine Minting in Coeur d'Alene, Idaho, prior to a November 2007 raid by the Federal Bureau of Investigation (FBI) and the Secret Service. Until July 2009, the Liberty Dollar was distributed by Liberty Services (formerly known as "National Organization for the Repeal of the Federal Reserve and the Internal Revenue Code" (NORFED), based in Evansville, Indiana. It was created by Bernard von NotHaus, the co-founder of the Royal Hawaiian Mint Company. In May 2009, von NotHaus and others were charged with federal crimes in connection with the Liberty Dollar and, on July 31, 2009, von NotHaus announced that he had closed the Liberty Dollar operation, pending resolution of the criminal charges. On March 18, 2011, von NotHaus was pronounced guilty on various counts, including the making of counterfeit coins.
Famous quotes containing the words liberty and/or dollar:
“We can never safely exceed the actual facts in our narratives. Of pure invention, such as some suppose, there is no instance. To write a true work of fiction even is only to take leisure and liberty to describe some things more exactly as they are.”
—Henry David Thoreau (1817–1862)
“Your Dollar is your only Word,
The wrath of it your only fear.
“You build it altars tall enough
To make you see, but your are blind;
You cannot leave it long enough
To look before you or behind.”
—Edwin Arlington Robinson (1869–1935)