How Anyone Can Accept Coin As Money

e-SilverLiberty How Business Owners Can Use Legal Tender Coin As Money

e-SilverLiberty How Business Owners Can Use Legal Tender Coin As Money

How A Business Owner Can Use Silver Liberty’s, Pre-1965 Coin and Gold Eagle’s As Money

The United States today operates with a dual monetary system. The first is the one which everyone is familiar with, Federal Reserve Notes printed by the Federal Reserve. The second monetary system may not be familiar but it does exist. It is the Silver Liberty, Pre-1965 Coin and Gold Eagle COIN as mandated by the US Constitution.

These coins are minted by the US Mint, under the authorization of Congress, and are 100% Legal Tender Real Money. These coins are United States, Legal Tender,Constitutional Money. Using these coins in everyday transactions, as a inflation proof alternative currency, is very simple.

Silver Liberty Dollar

Silver Liberty Dollar

In these examples I will be using Silver Liberty Dollars. In the beginning I expect most transactions to be less than $5.00 Silver Liberty. Naturally, as the program expands to higher priced items, more people will opt to use American Gold Eagles.

The Silver Liberty Coin is an essential protection against inflation of the money supply. Silver Liberty’s and Gold Eagles can be used as a standard for expressing prices and changes in prices now, today, by anyone. To do so requires no act of Congress, no court decision, no new law of any kind.

Silver Liberty Coins are Legal Tender, currently circulating MONEY of the United States. Anyone who wishes to adopt silver and gold as his own, personal standard of prices can do so immediately.

Here is all you need to do;

(1) Start with the current price of an ounce of silver. As of today, 05/08/2016, you can exchange 17.43 FRN for one Silver Liberty Silver. The “spot” price of silver is 17.43 Federal Reserve Notes (FRN). Store owners can independently set their “conversion rate” to whatever amount they choose.

I would recommend using a conversion rate higher than what the consumer would be able to receive converting the Silver Liberty back to FRN’s thus keeping the Silver Liberty more valuable as MONEY than converting to FRN’s.

Conversely, the seller could offer a FRN “discount” of up to 15% off the price of the product or service. Either method brings about the same result, providing more value to customers paying with Silver Coin, ie. Real Money.

(2) To transition to a Silver or Gold Coin standard, all you need do is start expressing prices in terms of Silver or Gold Coin dollars instead of paper dollars.

To do this, simply divide the FRN price of anything by the conversion rate of a Silver Coin dollar. If the conversion rate of a Silver Liberty dollar were $20, the Silver Liberty Dollar price of everything would be one-twentieth (1/20th) of the FRN price. If the conversion rate of a Silver Liberty Dollar were $30, the Silver Liberty Dollar price of everything would be one-thirtieth (1/30th) of the FRN price. The essential
formula is:

Silver Liberty Dollar

Silver Liberty Dollar

Silver Liberty price of any goods or services = FRN price of the goods or services divided by Silver Exchange Rate.
Sellers are free to determine their own value for the Silver Coin.

The series of tables, below, illustrates the use of the Silver Liberty as the standard of prices of goods. The tables are based on paper-dollar prices of an ounce of silver of $20, $30, $40, $50, and $60 respectively.

The examples used in each case include Federal Reserve Note price and Silver Liberty Dollar prices of a gallon of milk, a gallon of gasoline, and a restaurant meal for four.

The silver dollar price of the Federal Reserve Note itself, which is particularly significant, is also included. It ranges from a low of $0.017 Silver Liberty cents (when the FRN price of an ounce of silver is $60) to a high of $0.033 Slver Liberty cents (when the FRN price of silver is $30 per ounce.) The Constitutional Dollar price of the paper (FRN) dollar is an indication of the extent of the depreciation of the paper (FRN)
dollar.

When receiving payment in Silver Liberty’s, the formula is Retail Price in FRN divided by Silver Exchange Rate. Retail Price in FRN = Price in Silver Liberty Coin Silver Exchange Rate.

20.00 Silver

Item Price
In Federal Reserve Notes (FRN)
Price
In Silver Liberty Dollar
One
Paper Dollar
1.00
FRN
$0.05
Gallon
Of Milk
4.00
FRN
$0.20
Gallon
Of Gasoline
3.70
FRN
$0.185
Restaurant
Meal For Four
200.00
FRN
$10.00 

30.00  Silver

Item Price
In Federal Reserve Notes (FRN)
Price
In Silver Liberty Dollar
One
Paper Dollar
1.00
FRN
$0.033
Gallon
Of Milk
4.00
FRN
$0.133
Gallon
Of Gasoline
3.70
FRN
$0.083
Restaurant
Meal For Four
200.00
FRN
$6.667 

40.00 Silver

Item Price
In Federal Reserve Notes (FRN)
Price
In Silver Liberty Dollar
One
Paper Dollar
1.00
FRN
$0.025
Gallon
Of Milk
4.00
FRN
$0.10
Gallon
Of Gasoline
3.70
FRN
$0.0925
Restaurant
Meal For Four
200.00
FRN
$5.00 

50.00 Silver

Item Price
In Federal Reserve Notes (FRN)
Price
In Silver Liberty Dollar
One
Paper Dollar
1.00
FRN
$0.02
Gallon
Of Milk
4.00
FRN
$0.08
Gallon
Of Gasoline
3.70
FRN
$0.074
Restaurant
Meal For Four
200.00
FRN
$4.00 

60.00 Silver

Item Price
In Federal Reserve Notes (FRN)
Price
In Silver Liberty Dollar
One
Paper Dollar
1.00
FRN
$0.017
Gallon
Of Milk
4.00
FRN
$0.067
Gallon
Of Gasoline
3.70
FRN
$0.062
Restaurant
Meal For Four
200.00
FRN
$3.33 

To accept Silver Liberty coins at their true value would make it obvious to everyone, every time he went shopping, just where the problem of rising prices lay–namely, with the paper dollar. In the face of such evidence people would turn away from paper money: they would demand that money due them be payable in Constitutional Silver Dollars not paper dollars. Indeed, in the face of a growing preference of the public for Real Money, paper money could be kept in circulation only by restoring its  redeemability on demand in silver and gold.

Gold Eagle $50.00

Gold Eagle $50.00

While probably nothing can educate the public concerning the nature and causes of inflation as effectively as a side-by-side comparison of silver & gold and paper in making purchases, informing people of the difference in the prices they would pay if payment in Silver Liberty’s and Gold Eagles cannot fail to have some significant educational value. Every merchant who would make such information available to his customers would be doing them and everyone else a real service.