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Originally posted by PETROLCOIN
35 other countries have the word "Dollar" in their currency and use the "$" symbol. What is the problem?
“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.
Originally posted by Xcathdra
How about the part that says the fEderal Government shall be responsible for the minting of a currency?
Or maybe Article 1 section 8 of the Constitution....
Maybe Article 1 section 9 of the constution, where the word dollar is used?
How about 31 USC 331...............
and 31 USC 5112...
Or we could look at 25 USC.... Feel free to take your pick of law in that section, as most of them cover what this guy did.
I can continue if you need more information on this topic.. Just let me know...
Where in the Constitution does it say that citizens cannot coin their own money?
The Constitution of the United States of America provides that the United States Congress shall have the power "To coin Money". Laws implementing this power are currently codified in Section 5112 of Title 31 of the United States Code. Section 5112 provides in which forms the United States dollars shall be issued. Those coins are both designated in Section 5112 as "legal tender" in payment of debts.
The word "dollar" is one of the words in the first paragraph of Section 9 of Article 1 of the U.S. Constitution[
-Section 9 - Limits on Congress
The Migration or Importation of such Persons as any of the States now existing shall think proper to admit, shall not be prohibited by the Congress prior to the Year one thousand eight hundred and eight, but a tax or duty may be imposed on such Importation, not exceeding ten dollars for each Person.
470. Counterfeit acts committed outside the United States.
471. Obligations or securities of United States.
472. Uttering counterfeit obligations or securities.
473. Dealing in counterfeit obligations or securities.
474. Plates, stones, or analog, digital, or electronic
images for counterfeiting obligations or securities.
474A. Deterrents to counterfeiting of obligations and
475. Imitating obligations or securities; advertisements.
476. Taking impressions of tools used for obligations or
477. Possessing or selling impressions of tools used for
obligations or securities.
478. Foreign obligations or securities.
479. Uttering counterfeit foreign obligations or
480. Possessing counterfeit foreign obligations or
481. Plates, stones, or analog, digital, or electronic
images for counterfeiting foreign obligations or
482. Foreign bank notes.
483. Uttering counterfeit foreign bank notes.
484. Connecting parts of different notes.
485. Coins or bars.
486. Uttering coins of gold, silver or other metal.
487. Making or possessing counterfeit dies for coins.
488. Making or possessing counterfeit dies for foreign
489. Making or possessing likeness of coins.
490. Minor coins.
491. Tokens or paper used as money.
492. Forfeiture of counterfeit paraphernalia.
493. Bonds and obligations of certain lending agencies.
494. Contractors' bonds, bids, and public records.
495. Contracts, deeds, and powers of attorney.
496. Customs matters.
497. Letters patent.
498. Military or naval discharge certificates.
499. Military, naval, or official passes.
500. Money orders.
501. Postage stamps, postage meter stamps, and postal
502. Postage and revenue stamps of foreign governments.
503. Postmarking stamps.
504. Printing and filming of United States and foreign
obligations and securities.
505. Seals of courts; signatures of judges or court
506. Seals of departments or agencies.
507. Ship's papers.
508. Transportation requests of Government.
509. Possessing and making plates or stones for Government
510. Forging endorsements on Treasury checks or bonds or
securities of the United States.
511. Altering or removing motor vehicle identification
511A. Unauthorized application of theft prevention decal or
512. Forfeiture of certain motor vehicles and motor vehicle
513. Securities of the States and private entities.
514. Fictitious obligations.
STATESVILLE, NC—Bernard von NotHaus, 67, was convicted today by a federal jury of making, possessing, and selling his own coins, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina. Following an eight-day trial and less than two hours of deliberation, von NotHaus, the founder and monetary architect of a currency known as the Liberty Dollar, was found guilty by a jury in Statesville, North Carolina, of making coins resembling and similar to United States coins; of issuing, passing, selling, and possessing Liberty Dollar coins; of issuing and passing Liberty Dollar coins intended for use as current money; and of conspiracy against the United States. The guilty verdict concluded an investigation which began in 2005 and involved the minting of Liberty Dollar coins with a current value of approximately $7 million. Joining the U.S. Attorney Anne M. Tompkins in making today’s announcement are Edward J. Montooth, Acting Special Agent in Charge of the FBI, Charlotte Division; Russell F. Nelson, Special Agent in Charge of the United States Secret Service, Charlotte Division; and Sheriff Van Duncan of the Buncombe County Sheriff’s Office.
Originally posted by Blue_Jay33
This whole debacle wouldn't even be necessary, if it wasn't for the FED R. diluting the currency to the point that people feel the need to create a gold and silver currency. Interestingly the final trigger to the FEDS taking action was the Ron Paul coins minted in Copper, Silver and Gold.
One thing the great American constitution did not take into account was the federal reserve rolling out fractional banking and creating money out of thin air.
In the early 1960s, a large quantity of uncirculated Morgan dollars was found to be available from Treasury vaults, including issues once thought rare. Individuals began purchasing large quantities of the pieces at face value, and eventually the Treasury ceased to exchange silver certificates for silver coin. Beginning in the 1970s, the Treasury conducted a sale of silver dollars minted at the Carson City Mint through the General Services Administration. In 2006, Morgan's reverse design was used on a silver dollar issued to commemorate the old San Francisco Mint building.
Between November 1962 and March 1964, millions of Morgan and Peace dollars were sold to the general public. Interest began in 1962, when a date of Morgan dollar that was previously considered very rare was discovered in a bag of silver dollars taken from a vault of the Philadelphia Mint. The demand to exchange silver certificates for silver dollars was so great that lines formed outside of the Treasury Building in Washington, D.C., with some of those in line pushing wheelbarrows. Upon discovering bags of Carson City-minted dollars, Treasury officials decided to hold them back as mintage totals from that mint were generally lower than others.
On May 12, 1969, the Joint Commission on Coinage held a meeting in order to determine how best to dispose of the Carson City-minted dollars earlier held back by Treasury officials. They recommended a mail bid sale. Legislation was passed on December 31, 1970 stating that the approximately three million silver dollars were to be transferred to Administrator of General Services in order for the coins to be marketed. The legislation also stated that all proceeds from the sale were to be "covered into the Treasury as miscellaneous receipts." Congress supplied the General Services Administration with ten million dollars to market the dollar coins. Advertising consisted of posters and brochures distributed to post offices, banks and various financial institutions, as well as television documentaries. The coins were sorted and put into small plastic display cases. The Administration conducted a total of seven mail bid sales between 1972 and 1980. In total, the sales generated $107 million.
On June 15, 2006, legislation was approved that provided for the minting of a silver dollar and a five dollar gold coin in "commemoration of the Old Mint at San Francisco," with surcharges to be given to the San Francisco Museum and Historical Society in an effort to rehabilitate the Old Mint. In total, 100,000 gold and 500,000 silver commemorative coins were authorized. Authorization came at the behest of several hobby publications, who enlisted readers to contact their local congressmen in order to persuade them to pass necessary legislation. The designs approved for the silver dollar bear a left-frontal view of the Old Mint building and a copy of Morgan's eagle design on the obverse and reverse, respectively. Mint artist Joseph Menna made a new model for the reverse, employing a 1904 San Francisco-minted dollar as his model.
Bolded emphasis mine.
Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title or imprisoned not more than five years, or both.
The United States Supreme Court, with Salmon P. Chase (former Secretary of the Treasury) ruled the practice of legal tender unconstitutional in Hepburn V. Griswold in 1869, but later reversed its ruling within a month when confusion in the markets caused everybody not to accept "Legal Tender" note at all. The Court held that paper money, even that not backed by specie such as the United States Notes can be legal tender, in the Legal Tender Cases, ranging from 1871 to 1884.
United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.
Originally posted by The Sword
Where's the argument?
If the constitution says that you cannot do something, then you face the consequences should you do it.
Originally posted by PETROLCOIN
Originally posted by RedPill
This is unfortunate but he was asking for it my using the $ and the word "Dollar" on his currency.
35 other countries have the word "Dollar" in their currency and use the "$" symbol. What is the problem? Also, this man did nothing illegal.