Liberty Dollar: Difference between revisions
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==Denominations== | ==Denominations== | ||
Liberty currency exists in $1, $5, and $10 bills backed by a one-ounce silver coin with a face value of $10. There is also a $500 bill backed by a one-ounce gold coin with a face value of $500. One feature that Liberty currency shares with the [[euro]] but not with the [[U.S. dollar]] is that the bills' size varies with the value. However, unlike the euro, it's only the long dimension which varies. The higher the value, the longer the bill. | Liberty currency exists in $1, $5, and $10 bills backed by a one-ounce silver coin with a face value of $10. There is also a $500 bill backed by a one-ounce gold coin with a face value of $500. One feature that Liberty currency shares with the [[euro]] but not with the [[U.S. dollar]] is that the bills' size and color varies with the value. However, unlike the euro, it's only the long dimension which varies. The higher the value, the longer the bill. | ||
One might note that the face value of the coins is somewhat larger than the spot silver or gold price. While normally this would be an extra [[numismatic]] value, as NORFED is a non-profit organization, the extra cost is here used to buy more silver and gold to back more notes and make more coins. | One might note that the face value of the coins is somewhat larger than the spot silver or gold price. While normally this would be an extra [[numismatic]] value, as NORFED is a non-profit organization, the extra cost is here used to buy more silver and gold to back more notes and make more coins. | ||