Frequently Asked Questions
Q. What is a Dollar?
A. According to the Founding Fathers, Congress and the Coin Act of 1792 (And ALL the Coin Acts since), a “Dollar” is a coin made of silver. The US Mint currently is minting a Silver Liberty Dollar with a silver content of .999 ounce of silver. Though not “constitutionally correct”, a Silver Liberty is the current Legal Tender “Dollar” being minted.
Q. What about the pre-1965 halves, quarters and dimes?
A. All pre-1965 halves, quarters and dimes are Legal Tender United States Money. Two halves, four quarters, or 10 dimes of pre-1965 coin have a silver content of .715 ounce of silver. Members can go to one of our participating Coin Dealers and exchange their Pre-1965 Coin into Silver Liberty’s.
Q. Since we seem to have different ways of making a “Dollar”, each with their own separate silver content, wouldn’t it be difficult to keep track of the different money? It seems this would be a bookkeeping nightmare.
A. Well, if a business owner were to accept silver coin on his own then the answer would be yes. The e-SilverLiberty Program helps solve this issue.
Q. Are Silver Liberty’s, Pre-1965 Coin and Gold Eagles legal?
A. Yes, Silver Liberty Dollars, Pre-1965 Coin and Gold Eagles are absolutely 100% legal, lawful, Legal Tender, and Constitutional! They are lawful United States Money minted by the US Mint by the direction of Congress
Q. Are there other alternative currencies out there?
A. Yes. It should be noted that 40 to 60 communities in the U.S. utilize their own money system. For example: Ithaca, NY has had national publicity on the use of its “HOURS” with the value of a Hour equal to ten US dollars. Thus, labor is fixed at ten dollars per hour as a standard. The Hour circulates throughout the community as money and is backed by local labor; which necessarily limits the currency to local use.
The Ithaca program serves a good local purpose and many other communities have followed the example. Parade Magazine featured a two page article on the Ithaca Money on July 5, 1998, the day following Independence Day. This article went out to about 55 million people. People are becoming aware of other currencies and that you now have a choice.
Q. What makes Silver Liberty’s, Pre-1965 Coin and Gold Eagles superior to all those other alternative currencies?
A. Silver Liberty’s, Pre-1965 Coin and Gold Eagles are Legal Tender, REAL United States Money.
Unfortunately, all those other currencies are not backed by any precious metals and were merely designed to circulate their local economy, and are thus only good in their location. For example, you cannot spend an Ithaca Hour in Macon, Georgia, because it is only redeemable in labor from Ithaca, New York. Silver Liberty’s, Pre-1965 Coin and Gold Eagles are designed to strengthen our national economy. They also comply with the US Constitution.
Q. How long have Silver Liberty Dollars and Gold Eagles been available?
A. Since 1985. Note the Silver Liberty above was minted in 2005!
Q. Where can I get the Silver Liberty’s, Pre-1965 Coin and Gold Eagles?
A. You can get Silver Liberty’s and Gold Eagles from a e-SilverLiberty Member Coin Dealer who can instantly fund your Membership.
Q. Can e-SilverLiberty exchange my paper money for Coin?
A. No. e-SilverLiberty does not exchange paper money for Coin or Coin for paper money.
Q. Why should I exchange my Federal Reserve Notes for Silver Liberty’s or Gold Eagles?
- Because you want to protect the purchasing power of your money.
- Because you want to profit from inflation.
- Because you know the US dollar notes are debt based and depreciating.
- Because you want to affect a real change in a peaceful and positive way.
Q. Where can I spend Silver Liberty’s and Gold Eagles?
A. Our web site will maintain a listing of businesses that accept Silver Liberty’s and Gold Eagles as payment for their goods and services.
Q. Why are the Silver Liberty’s and Gold Eagles inflation proof?
A. The Silver Liberty Dollars and Gold Eagles are “inflation proof” because they are 100% gold and silver, plus because of the way the currency is designed and functions in the marketplace. As gold and silver coins represent “real” value because they are “real” money, they are “inflation proof” by their very nature. In other words, mankind has always valued gold and silver because of themselves. This is not true of paper with a dollar sign on it that is issued by any government or anyone else.
The Silver Liberty’s and Gold Eagles are also “inflation proof” because of how they are designed. They are not only designed to keep up with the inflation of government money but are actually designed to stay ahead of inflation so that the people who use Silver Liberty’s and Gold Eagles actually profit from inflation of government money. “Inflation” that is nothing more than excess printing of paper money by the government that dilutes the value of existing US dollars and steals the peoples purchasing power.
Bottom line is that the Silver Liberty’s and Gold Eagles are “inflation proof” because they are silver and gold and designed to stay ahead of inflation, thereby protecting your purchasing power in the marketplace.