Buying lower-cost Liberty Dollars without becoming an "Associate"

[penguins4me]

Is it possible to buy LDs at below-face without becoming an Associate? In other words, are there any LD Associates out there willing to negotiate a deal on buying LDs on behalf of a non-Associate, and splitting the difference in some manner?

[MikeforLiberty]

There are Liberties available at Liberty Auctions.

http://www.liberty-auctions.com/auctiondetails.php?id=101200

Mike

[penguins4me]

Hm. Those are "digital" liberty dollars, so we're adding one conversion to the process. Additionally, that is 1. one auction for 2. one batch of 2,000 digital LDs - I had a different mix of LDs in mind. Lastly, that auction appears to be the only one for LD-related stuff on that site.

Thanks, but that's not what I was looking for.

[Dave Ridley]

I'll send you a PM with some ideas penguin.

[PowerPenguin]

People often offer the hard currency for a good discount on Liberty-Auctions as well. You'll see various certificates as well, but not very often.

[Quantrill]

Penguin - I've been thinking about possibly becoming an 'associate' so I may be able to work with you on that in the future.


I bought $20 worth of Liberty Dollars at the Forum and I'm very intrigued by them.  But I have a question and maybe I'm too dumb to understand the info on libertydollar.org  - Silver went from a $10 base to a $20 base.  So how exactly did people profit from this?  It looks like if you had a $10 certificate at the $10 base you could redeem it for $20 at the $20 base?  What if you had coins?  A $10 coin could be redeemed for $20?   

I thought I had a basic understanding of economics.  Maybe not! 

Any form of currency has got to be better than the Federal Reserve Notes we currently use... 

[penguins4me]

From what I've read on LD's site, when they "moved up" to the $20 valuation, all $10 certificates could be sent in to be exchanged for $20 certificates free of charge, while the $10 silver pieces needed to be sent back to be "reminted" for a limited-time fee of $1.50 per piece. The actual inherant value of the notes didn't change, but the value of our fiat US dollars declined to the pre-established mark which triggered a re-evaluation of the LD/USD exchange rate/face value.

This is a basic "problem" when dealing with multiple curencies: their value fluctuates relative to eachother. This *is* actually an issue with USDs and goods in US stores, but isn't usually obvious due to either inertia or gov't subsidies.

[PowerPenguin]

Penguins is correct. The "profit" comes from two places:

1: Getting LDs at a discount/spending at face value (If people choose. It says "NEGOTIABLE" on there for a reason!)
2: A move-up, at least for a period of time. Check this example: Silver spot price is 18.50 and the "base" is $20. The price goes over $20 for 45+ days, and the base then moves up to $50. Until the spot price hits the same differential (in that case $46.25), the spot:face value ratio is higher than when you bought it originally, meaning that you're getting more buying power for your bullion. Does this make sense? Put more simply, you get more benefit from the old base to the midpoint then you do from the midpoint to the next base.

[MikeforLiberty]

I became a Liberty Associate when silver was around 7.50-8 spot, Liberties for LA's was pretty close to face($10). The best 'profit' came in eALD where ,at the move-up, your account doubled and there was no redemption charges. Of course, the only thing that changed was the face($20) you still have the same number of silver ounces. The real benefit was the discount at which you bought ALDs. Prior to move-up $9.95/ALD, which is 50% of the $20 face ALD. After the move up the associate discount returned to 20% ($16). After move-up lots of deals were available priced a bit over spot which had reached $11-$15. 

[powerchuter]

Is it possible to buy LDs at below-face without becoming an Associate? In other words, are there any LD Associates out there willing to negotiate a deal on buying LDs on behalf of a non-Associate, and splitting the difference in some manner?

I started the ALDNBG(American Liberty Dollar National Buyers Group) about five years ago and placed a huge order on behalf of dozens of Redemption Centers and individuals...  You can read an old newsletter about it here(http://www.proliberty.com/observer/20021025.htm).  I'd have to look back at my paperwork to know an exact number but I believe we put around $30K face(at the $10USD base) into circulation...  And...  Just to make you cry...  We paid $5.32 per piece...  Don't you wish you knew then what you know now!

So after it was so hugely successful and everyone knew that all the RCs and others would then be buying incredible amounts that way...

Bernard had to change the model(went from "one tier" to "two tier"...used to be just Redemption Centers but now it's Liberty Associates and RCOs) so we couldn't do the bulk purchases ourselves anymore...

I don't think it was necessarily a bad thing to change the model...  But if it had remained the same I would have expected to have put 3 to 5 million in circulation by now...perhaps more...

And that's happened anyways...just with more of the "margin" going back to Bernard and his staff...

I was doing it as a promotional gig and wasn't making a dime on the deal...
But I did get the huge satisfaction of knowing I was getting big amounts into circulation!

So good luck!

[cathleeninnh]

I'm in the market for some LDs. The first one who speaks up and can make the April MVP meeting gets my business.

Cathleen

[MaineShark]

I'm in the market for some LDs. The first one who speaks up and can make the April MVP meeting gets my business.

Denise and I will be there.  How much do you want, and what denominations?

Joe

[Raineyrocks]

Whoa, I have to say there were too many penguins in this thread for me to pay attention to the topic!

[Raineyrocks]

...............I felt like I was in Antarctica!

[Dreepa]

Whoa, I have to say there were too many penguins in this thread for me to pay attention to the topic!

True I get powerpenguin and penquins4me mixed up all the time.