Coin World reports that the feds are looking to seize liberty dollars from collectors and those using the coins instead of inflation-ridden Federal Reserve notes.

Officials with the U.S. Attorney’s Office said on August 24 that the coins are contraband. The Secret Service, the federal agency responsible for confiscating counterfeit money, did not provide any definitive comments concerning under what circumstances Liberty Dollars would be seized, according to Paul Gikes of Coin World.

The coins are illegal even if they are not used for barter, the feds insist. Jill Rose, chief of the August 24 that the Liberty Dollar medallions are confiscable as contraband if they are being exhibited for educational purposes or held privately.

Kurt Nimmo, Infowars.com

Editor’s comment: During the Great Depression in the 1930’s, US citizens were prohibited from owning gold by executive order 6102. Right now, knowledgable people like Max Keiser are advising to buy silver coins to end the banker’s monopolies and to protect one’s capital from coming hyperinflation.