Hold the Mayo

August 16, 2007

Ron Paul Dollars

What can candidate Ron Paul do that no other candidate for President can do? (I know, the list is long)

Ron Paul can buy you lunch.

There is a small private currency movement nipping at the fringes of the US economy that calls its currency Liberty Dollars. It is currency, both coin and paper, backed directly by precious metals. Or in the case of the coins, minted in the gold, silver and copper.

The way it works is - you send them a stack of they consider to be essentially worthless Federal Reserve Notes, and they send you gold and silver coins, or paper certificates redeemable for gold or silver. They even have liberty dollars you can use on the internet. I don't know if they are good on Amazon or if you can use them on eBay but I presume you can use them to buy this nifty Liberty Dollar Hat for $17.00.

Once you have your Liberty dollars, your next problem is you have to find someone who will accept them as currency. Be sure to tell them that no bank will accept them for deposit, and you can't use them to pay the mortgage and see how fast they leap at the chance to take them from you.

But this post is not really about the Liberty dollar per say. This post is about a very special Liberty dollar. The
x.php?cPath=60">Ron Paul Dollar. No other candidate for president, that I know of, has their face on a $1,000.00 gold coin.

You can have one of these beauties for a mere $1,000.00. And they are worth their weight in gold.

Of course the $1000 Gold Ron Paul Dollar speaks for itself. It also speaks for Congressman Ron Paul (sic) long-held belief and deep respect for the Gold Standard. His monetary ideals are shared with everyone in the Liberty Dollar community. For over 30 years Ron Paul has been a champion for the very values – both monetary and personal – that made America a great country. Nothing could better identify Ron Paul than the beautiful Gold Dollar. The $1000 Gold Ron Paul Dollar measures 32 mm and contains one Troy ounce of .9999 fine gold. The obverse die features the same design and ultra high engraving quality as on the $20 Silver Dollar. The reverse features the standard $1000 reverse die that is on the current Gold Liberty. The dies and minting are of the finest mintwork. Not many Gold Dollars are anticipated although the volume price is very similar to the US Mint Gold Buffalos and Eagles. To capitalize on the uniqueness of the Gold Ron Paul Dollar, each Gold Dollar will be individually numbered, hallmarked and encapsulated. Please order now while gold is down and get a low number. Gold Ron Paul Dollars are available from 10% to only 5% over Sunshine gold quote for Liberty Associates and registered Liberty Merchants. Otherwise it is $1000 each. Delivery could be immediate or take up to 30 days depending on available stock and size of order.

If you don't want to go quite that far, you might decide to get the Ron Paul $20.00 Silver Coin. Though for some unknown reason, you have to pay $25.00 to get one.

The $20 Silver Ron Paul Dollar measures 39 mm and contains one Troy ounce of .999 fine silver. The design of the obverse die is the same as the Copper Dollar but was engraved from custom hand sculptured masters and exemplifies the finest work. The reverse is also a special custom die with VOTE FOR TRUTH across the top. Together the two highly polished dies plus the minting in Brilliant Uncirculated condition has produced an outstanding product of unique value. The denomination on the reverse is $20 Liberty Dollars. Ron Paul Dollars will begin shipping in late August. Price: $25 each

For those with only a casual interest in the Candidate, there is always the Ron Paul $1.00 copper coin.

The $1 Copper Ron Paul Dollar measures 39 mm and contains one Avoirdupois ounce of pure copper. It is the same size as the Silver Liberty and slightly larger than an old US Silver Dollar. The obverse die features Congressman Ron Paul facing left and commemorates his leadership and high regard for the gold Standard with the motto: GOLD STANDARD IN LEADERSHIP. The obverse also contains a list of the Congressman’s achievement: Good American, Father, Constitutionalist, Physician, Congressman, Veteran and Defender of Liberty. The reverse die is the same design as on the original Copper Liberty Dollar with the ONE DOLLAR denomination. Please note: The obverse and reverse dies are not the same outstanding quality as the dies used on the Gold and Silver Ron Paul Dollars. Now, while the seasonal “Summer slows/summer lows” keep the price of copper down, we are taking special pre-orders for the $1 Copper Ron Paul Dollar for the next 30 days. This is for pre-orders only. Additional orders will not be taken if the copper market roars back to life. Pre-orders will be shipped in November. Minimum order is ten Coppers. Maximum order is 100 Coppers.

If I could order just 1 I would probably do it. Just because. But I don't think I'm going to spring for $10.00.

Congressman Ron Paul can buy you lunch. Provided you can find a local independent merchant who will accept non-standard currency. Is there anything this candidate can't do?

Posted by: Stephen Macklin at 05:10 PM | Comments (6) | Add Comment

1 Actually, if one is a Liberty Associate, you would be able to purchase the medallions at a nice discount.

Secondly, they are not considered "coins", since the U.S. Mint did not create them. There is a so-called legal definition of a "coin".

They can be used as barter in a voluntary exchange between two willing parties, based on their precious metal content and the convenience which the Liberty Dollar system provides. There are many merchants around the country who will accept them.

The Liberty dollar might not be for everyone, but it does provide an inflation-proof alternative to the USD.

Posted by: Wayne at August 17, 2007 05:53 AM (CBzBI)

2 Does anyone involved recognize the irony that the value of their Liberty Dollars and the underlying metals is measured against what they consider to the worthless debt paper of the Federal Reserve?

Posted by: Stephen Macklin at August 18, 2007 05:11 AM (Z3kjO)

3 Regardless of who does the minting, an ounce of silver is still an ounce of silver; An ounce of gold is still an ounce of gold; An ounce of platinum is still an ounce of platinum - They all have intrinsic value which is not dependent on the performance of any gov't or corporation. This allows the purchasing power of money based on them to be preserved.

It is indeed ironic that a once stable, trusted currency now has superior competitors, both fiat (ie: the Euro) and commodity-backed (ie: the Liberty Dollar). What does this say about those who have been entrusted with the fiduciary responsibility of maintaining a stable dollar?

Posted by: Wayne at August 18, 2007 06:50 AM (CBzBI)

4 By the way, in a true free market, citizens, not bureaucrats or politicians, decide what form of money they wish to use and accept in commerce. Then, of course, the market would determine its value.

A free market monetary system does a better job of keeping everyone honest. We once had a system like this in America, which was the key to the massive (and virtually debt-free) economic success we once had here.

Posted by: Wayne at August 20, 2007 04:08 AM (CBzBI)

5 And still the value of the Ron Paul Dollar is gaged according to how much Federal Reserve debt the underlying metal can be exchanged for.

Posted by: Stephen Macklin at August 20, 2007 04:15 AM (Z3kjO)

6 Actually, the underlying metal is the largest, but surely not the sole factor in determining its value in a fiat currency. Normally small coins or medallions of 1 ounce or smaller denominations sell for a larger premium over the current spot price than a metal bar. The premium is determined by several factors, which I won't get into now.

In other words, unless you're buying thousands of pounds of a precious metal in bar form, you're not going to pay spot price.

Posted by: Wayne at August 22, 2007 06:49 AM (CBzBI)

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