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This Week's Poll



4-3-19

‘Liberty Dollar’ Revived and in Live Oak


Staff Reports


The Liberty Dollar is making a comeback through the newly formed Liberty Dollar Network. The new version of the Liberty Dollar is backed by pure .999 fine silver. President Kathy Hicks and Marketing Director Wayne Hicks are proud to bring these community-branded silver certificates to Live Oak, where their national headquarters is newly located.


According to Wayne Hicks, consumers, merchants and business owners that use and agree to accept community-based Liberty Dollars are receiving genuine value, a lawful silver certificate that entitles them to a specific amount of silver at a dedicated value of $25 per ounce. They say it encourages sound-money supporters to exchange their U.S. dollars, which are secured by the government’s promise to pay, for silver-backed Live Oak Liberty Dollars. These are 100% backed by and exchangeable for silver bullion that is stored in an independently operated, audited vault.


Live Oak Liberty Dollars are available as paper silver certificates and digital eLD that can be used online and anywhere via a smartphone app. According to Hicks, they are based on the original Liberty Dollar, which was shut down by the U.S. Treasury after a notorious raid that almost sent Liberty Dollar founder Bernard von NotHaus to prison for 23 years.


Many readers may remember all of the national commercials on television in the early part of the 21st century (15 - 20 years ago) for the Liberty Dollar that was very popular. They sold beautifully minted gold and .999 silver bullion rounds (they could not call them ‘coins’) and silver or gold certificates that circulated throughout communities and even private collectors. Its intended goal was to help ward off inflation because silver and gold do not lose their value, and many still have and collect them today, i.e. 10 gold pieces would buy a car in 1913 and today 10 gold pieces will still buy a car.


So why did all of the advertising stop? What happened to the Liberty Dollar? The U.S. Treasury, many say, became concerned the Liberty Dollar could eventually become so popular, they could affect the U.S. Dollar. In 2006 federal prosecutors determined that the circulation of the medallions (rounds) as “legal tender” was a federal crime, stating they looked too much like U.S. coins and charged Liberty Dollar founder Bernard von NotHaus with counterfeiting and other charges. In court battles that lasted some eight years, von NotHaus, wound up spending only six months on house arrest and received one year of probation. The seized assets were to be returned pursuant to ownership claims by a 2014 rule from U.S. District Court Judge Richard L. Voorhees. The certificates issued by Liberty Dollar were not considered any form of counterfeiting or violation of law, only the circulation of the minted rounds.


Wayne Hicks had the opportunity to meet and work with von NotHaus in the earlier days of the Liberty Dollar, so Kathy Hicks asked von NotHaus if he would design the new Live Oak Liberty Dollar, von NotHaus agreed and designed a durable and attractive silver certificate that would be difficult to counterfeit.


Photo Above:

Monetary Architect

Bernard von NotHaus

with Liberty dollar

Network President

Kathy Hicks.

-Photo: Submitted


When asked about the new certificates, von NotHaus said, “I’m delighted that Kathy asked me to design the new Liberty Dollar. She’s done a fantastic job of getting the Liberty Dollar Network set up and re-inventing the Liberty Dollar as a community currency program that will benefit the people and local businesses in Live Oak and other communities.”


Today, the new version of the Liberty Dollar is backed by pure .999 fine silver valued at $25 USD per ounce. The valuation is set higher than the current price of silver because, as Kathy explains,


“You can’t base a currency on the market value of a commodity, because the price changes daily. The new Liberty Dollar is based on a reasonable future valuation that gives members and merchants a greater trading value. When the price of silver rises, the current $25 silver base will raise all existing currency to a higher valuation, increasing its purchasing power.”


They emphasized that Liberty Dollars are NOT LEGAL TENDER in any country. You cannot put them in the bank or pay taxes with them, but you can spend them with anyone who is willing to accept them.


Wayne Hicks emphasizes that, “Silver holds its value, so the new currency protects people from rising prices better than the U.S. dollar, which is subject to inflation. Network Members can redeem the Live Oak Liberty Dollar for silver at any time.”


Anyone wanting to learn more about the Liberty Dollar Network is invited to attend a Liberty Lunch ’n’ Learn, Monday, April 22, 2019 from 11 a.m. to 2 p.m. at their main office in Live Oak. Liberty Dollar founder Bernard von NotHaus will be there as well, along with Kathy and Wayne Hicks and Community Currency Officer Barry Durmaz. Anyone wishing to attend is asked to please RSVP by Thursday, April 18 by calling 386-330-4312.


Liberty Dollar Network is located at 106 Ohio Avenue North in Live Oak, just down from Love INC. Visit their website at libertydollar.net.