How to use the Liberty Dollar (based on personal observations)

Now that you are aware of an alternative to Federal Reserve Notes, you are probably asking “Will people accept them as payment?” Based on my personal experience, about 95% of businesses have accepted it. In the two years I have been using the Liberty Dollar, I estimate I have engaged in about 100 transactions and spent around $1,000 so far. I have used them mostly at restaurants and gas stations. The Texas Roadhouse and Charlie Peppers accepted them just recently. Weigels and Auto Zone accepted them on several occasions. I even used it at the Post Office.

As I recall, a FRN costs about 4 cents a piece to print regardless of denomination. A quarter costs about eight cents, a dime is about two cents, a nickel is three cents and a penny is 8/10ths of a cent to produce. The Federal Reserve then distributes it to the member banks in their districts and it is marked up at face value. Then there is the checkbook money. You could say that the Federal Reserve is making a killing every time they do this. By the way, those silver looking dimes, quarters, and nickels are not made out of silver. Pennies used to be copper; now they are zinc. Dollars, half-dollars, quarters, dimes and nickels that used to be 90% silver are now primarily nickel, zinc, and copper. The Coinage Act of 1792, which has not been repealed or annulled, provides for the death penalty for anyone debauching the coinage of the United States.

What about using the Liberty Dollar then? I have arrived at the point where I will not use FRNs. I also cut up my credit card and cancelled my account. I will go to the bank and ask to exchange the FRNs for a roll of quarters, dimes, etc… Why? What I am trying to do is to give the merchant the best value I can. A roll of quarters for example is 40 x .08=$3.20. One FRN regardless of denomination is about four cents. Notice the difference? The Liberty Dollar with a $10 base (although very soon to convert to a $20 base) is an even better value for the merchant and customer. There is more information about this at http://www.libertydollar.org

Suppose I want to eat out like I did at Charlie Peppers recently. I see that I have two rolls of dimes. I also keep a $10 Liberty Dollar in my shirt pocket. So, I figure I can spend up to that amount after tax is figured in. Compare that to the urge to just “charge it”. I order a Rooster Cogburn and fries. It costs $8.73. While my friends are pulling out their credit cards, I use a Liberty Dollar backside up so the waitress can see the face value. In the event they don’t accept it, I have those two rolls of dimes to use. Merchants are free to use or reject the Liberty Dollar as they see fit. The waitress comes back and I get back $1.27 in change, no questions asked. Since I was out of silver certificates that I normally use as tips, I left another $10 Liberty Dollar as a tip and a brochure. From there, the waitress and Charlie Peppers are free to do with the Liberty Dollar as they see fit.

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