Collectors are submitting Liberty Dollar medallions for third-party
certifications and encapsulation. ANACS has been grading the
medallions “for some time,” according to Paul A. DeFelice, ANACS’s
vice president for marketing and client relations
Collector David Maudlin said he began submitting the silver
Liberty Dollar medallions to ANACS in the fall of 2013 because he
wanted lasting protection for the medallions and professional
confirmation of the quality of the struck pieces.
Ron Goodger, who has bought and sold Liberty Dollar medallions for
years and extensively documented all Liberty Dollar releases, said
third-party certification is driving the prices up for quality
strikes. Although Goodger has his own extensive collection of Liberty
Dollars, so far he has not submitted any of his pieces for
professional grading and encapsulation.
“Getting the door opened to quality grading is a big step for
Liberty Dollar collectibles in my estimation,” Goodger said. “In the
end, it will flesh out the final difference between a true gem
collectible and run of the mill pieces.”
ANACS is certifying each Liberty Dollar medallion as a “token”;
the grading labels inserted within the plastic holders identify the
Liberty Dollars as such.
“ANACS has been certifying NORFED Liberty Dollars as tokens for
quite some time,” DeFelice said. “In fact, we welcome many privately
struck medals and tokens, from Civil War Tokens and storecards to
modern fantasy pieces.
“As an example, most recently, we have been receiving a
significant number of physical Bitcoins for certification. We
understand some of these tokens are the topic of controversy.
“In the case of the NORFED Liberty Dollars, our certification is
in no way an ANACS endorsement of this silver round as an alternative
currency. ANACS is simply providing a description and our opinion on
the condition of the token, and fulfilling a customer need. We always
reserve the right to refuse the certification of any coin, medal or
token for any reason, at any time, but for now we are comfortable
grading Liberty Dollars,” DeFelice said.
Liberty Dollar history
The Liberty Dollar was introduced as a “private, voluntary barter
currency” in 1998 by monetary architect Bernard von NotHaus under the
umbrella of NORFED, the National Organization for the Repeal of the
Federal Reserve and the Internal Revenue Code.
Liberty Dollars are minted metal rounds, gold and silver
certificates and electronic currency. The rounds or medallions were
issued in silver, gold, platinum and copper, bearing different obverse
and reverse designs and face values.
NORFED continued until December 2006 when the entity was dissolved
and re-emerged as Liberty Services, doing business as Liberty Dollar.
Millions of dollars in Liberty Services Inc. assets and those held
for Liberty Services customers were seized in November 2007 by federal authorities.
Since that seizure, the secondary market for Liberty Dollar issues
has risen dramatically.
Von NotHaus and three associates were indicted in May 2009 on
charges associated with the Liberty Dollar production, sale and distribution.
Von NotHaus was convicted March 18, 2011, in federal court in
Statesville, N.C., on charges 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. Von NotHaus is still awaiting sentencing.
Proponents of the Liberty Dollar argue that the Liberty Dollar is
not legal tender and has not been promoted as current money.
Meanwhile, prices for many Liberty Dollar issues, especially those
with limited mintages, continue to rise in the secondary market.
More details on Liberty Dollars can be found on Goodger’s website
at https://sites.google.com/site/ronsnorfedsilverlibertys/. ■