New Liberty Dollar images, top, courtesy of Joseph VaughnPerling;
Liberty Dollar images from Coin World files. While California
collector Joseph VaughnPerling is sympathetic to the concept of
Bernard von NotHaus’ original Liberty Dollar as a private voluntary
barter currency, he wanted to make sure his New Liberty Dollar
wouldn’t replicate some of the issues that resulted in von NotHaus’
2011 federal conviction on counterfeiting and related charges
involving the original Liberty Dollars.
The Liberty Dollar medals were introduced in
1998 by von NotHaus under the umbrella of the National Organization
for the Repeal of the Federal Reserve Act, also called NORFED. The
medals were promoted as an alternative to Federal Reserve notes. They
also attracted the unfavorable attention of the government.
VaughnPerling — who said he has been buying
silver for years as a store of wealth rather than a source for
bartering — got the idea to produce and issue his New Liberty Dollar
after reading the details of the federal government’s 2011 trial of
von NotHaus over the Liberty Dollar. VaughnPerling’s silver purchases
included a quantity of the silver Liberty Dollars.
“I have no desire to compete with the Federal
Reserve or any government institution,” VaughnPerling said March 11.
“This is an entirely private minting of a silver product and not
current money. We make that as clear as possible on the http://www.newlibertydollar.com
website and exchange them only through clearly contracted terms to
qualified buyers who affirm that they understand what they are getting
is not a government coin and so does not rely on the Legal Tender laws
for its value, but rather its own innate silver composition, beauty,
numismatic, sentimental or other value.”
VaughnPerling said in consultation with legal
experts he extensively reviewed the transcript from the federal
government’s case against von NotHaus before moving ahead near the end
of 2011 with his New Liberty Dollar plans.
“I studied the elements of what was alleged to
be wrong with the Liberty Dollars — what parts of the Liberty Dollars
were legally questionable enough to have led the jury to believe that
the Liberty Dollars were so similar to a U.S. coin that someone not
only could mistake them but had been mistaken,” VaughnPerling said
March 11. “For that mistake to be criminal, it also had to have been
VaughnPerling said he was careful to ensure
that the imagery and inscriptions for the New Liberty Dollar were not
The main goal of the New Liberty Dollar,
VaughnPerling said, is to “preserve as much of the beauty and artistry
of the original Liberty Dollar, but subtracting or replacing the
elements that based on our analysis of the legal case were the most
problematic for the jury.
“Many of the things that were problems were
only in early versions, but dropped in later issuances of the Liberty
Dollar,” VaughnPerling said.
The New Liberty Dollar’s inscriptions
eliminate any appearance of USA. The wide-spaced LIBERTY on the
original pieces has been replaced by NEW LIBERTY DOLLAR. And TRUST IN
GOD has been replaced with RIGHT TO CONTRACT.
The familiar crowned Liberty from the Liberty
Dollar obverse appears on the New Liberty Dollar obverse. The flaming
torch has been retained for the reverse.
The designs were licensed from an undisclosed
company to which von NotHaus says he divested his rights to the
Liberty Dollar designs before his arrest by federal authorities on
June 6, 2009.
Von NotHaus said March 12, 2013, that he has
had no involvement with VaughnPerling and the New Liberty Dollar, for
to do so would constitute a breach of his conditions of bond.
VaughnPerling confirmed von NotHaus has had no involvement with the
New Liberty Dollar.
VaughnPerling said he contracted with a
private mint to produce the New Liberty Dollar, tweaking the process
to result in the double-struck Proof quality he desired. A number of
prototype pieces were struck with more of a matte finish, he said.
VaughnPerling contacted a number of successful
distributors of the original Liberty Dollar as a foundation to build a
network of distributors for the New Liberty Dollar.