The Liberty Dollar Disclaimer

The Liberty Dollar and other precious-metal mintings distributed by Liberty Dollar, Inc. never have claimed to be, do not claim to be, are not, and do not purport to be, legal tender, or a coin.

The noun currency has many dictionary definitions: for example, without limitation, "that which is current as a medium of exchange", "circulation as a medium of exchange", "a common article for bartering."  In the sense that "currency" may be used to refer to the coinage of a government, the Liberty Dollar never has claimed to be, does not claim to be, is not, and does not purport to be, currency.

The noun money also has many dictionary definitions: for example, again without limitation, "something generally accepted as a medium of exchange", "a measure of value", "a means of payment".  In the sense that "money" may be used to refer to the coinage of a government, the Liberty Dollar never has claimed to be, does not claim to be, is not, and does not purport to be, money.

The phrase legal tender is more specifically defined and does not meaningfully vary from the authoritative BLACK'S LAW DICTIONARY definition, "The money (bills and coins) approved in a country for the payment of debts, the purchase of goods, and other exchanges of value."  In other words, legal tender is what a government authoritatively designates as the medium which a creditor must accept from a debtor if it is offered.

The Liberty Dollar never has claimed to be, does not claim to be, is not, and does not purport to be, legal tender.  The Liberty Dollar has repeatedly emphasized that it is not legal tender. Legal tender and barter are mutually exclusive.  The Liberty Dollar is a numismatic piece or medallion which may be used voluntarily as barter.

The noun coin invariably is defined as "a round piece of metal issued by governmental authority as money" or an equivalent phrase.  The Liberty Dollar never has claimed to be, does not claim to be, is not, and does not purport to be, a coin.  Any claim of the forgoing would be contrary to the purpose and function of the Liberty Dollar, which, in addition to its being a numismatic item, is a means of voluntary barter.

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