Originally posted by Aloysius the Gaul
The minting of Liberty dollars also appears to be in violation of 18 U.S.C. § 486:
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.
So making coins is not illegal, but making coins that are .....intended for use as CURRENT MONEY, whether in the resemblance of coins of the United States or of foreign countries, OR OF ORIGINAL DESIGN...... is illegal.
Wow, do you have any idea what this means? Take a US quarter out of your pocket and ask ten random people if it resembles a United States coin. Ten out of ten people will say something like "Yes, it does resemble a United States coin." Now use that coin to buy a gumball. You are now a Felon under US law you cited which clearly states that any and all coins that resemble US coins are illegal to use as money under the law.
Or at least that would be the case, except for one very major point! The little snippet of law you present is out of a bigger section very clearly titled "Counterfeiting and Forgery". That title clearly places the context of the law to be counterfeiting and forgery, not currency markets.
If that really is the law used to convict Liberty Dollar then they obviously have a slam dunk appeal & subsequent vindication. The $20 Liberty piece does not resemble any specific US coin, even though it does have a similar style. The criminal syndicate known as the Federal Reserve very well may have some text on US law books that says competing with their monopoly scheme is illegal, but the citation you use is not it.