Monday, December 17, 2012

U.S. Secret Service Bans Certain Gold and Silver Coins On eBay.



U.S. Secret Service Bans Certain Gold and Silver Coins On eBay.(Forbes).eBay was contacted by the U.S. Secret Service sometime last month to remove the Liberty Dollar precious metal coins. Citing consistency with eBay’s general policy of not listing counterfeit items, eBay spokesperson Ryan Moore confirmed the ban with Coin World. The following email was sent to affected sellers when the systematic removals began:
The United States Secret Service has requested the removal of all Norfed Liberty dollars on the eBay site as counterfeits. … Please do not relist this item(s). We appreciate that you chose to list this coin on our site and understand there was no ill intent on your part. Your listing fees have been credited to your account.
Real is fake and fake is real. That’s pretty much the monetary world that we live in now as we are coerced to trade and pay taxes in the designated and one ‘legitimate’ State currency. Certainly, the U.S. Secret Service wouldn’t want anyone purchasing pure (.999 fine) gold and silver medallions mistakenly thinking that they might be getting official and real money issued under the authority of the United States.
Deriving its authority from Title 18 of the United States Code, Section 3056, the United States Secret Service is one of the nation’s oldest federal investigative law enforcement agencies and it was originally founded in 1865 as a branch of the U.S. Treasury Department to combat the counterfeiting of U.S. currency. In addition to its mandate of protecting the president, vice president, and others, the U.S. Secret Service is responsible for maintaining the integrity of the nation’s financial infrastructure and payment systems:
The Secret Service has jurisdiction over violations involving the counterfeiting of United States obligations and securities. Some of the counterfeited United States obligations and securities commonly investigated by the Secret Service include U.S. currency (to include coins), U.S. Treasury checks, Department of Agriculture food coupons and U.S. postage stamps.
Rather than the beginning of a second wave of gold confiscation, this action to remove coins at eBay and other sites is aimed directly at NORFED Liberty Dollars issued from the now defunct mint of monetary architect Bernard von Nothaus who was convicting of counterfeiting in 2011. For those that haven’t followed every twist and turn of this landmark case, I would recommend the amicus curiae brief filed by GATA, the brilliant piece from Lew Rockwell, and the possible implications of the von Nothaus case on other attempts to start a new currency.Read the full story here.

No comments:

Post a Comment