Ron Paul Dollars Soar Above $200 on eBay After Raid on Liberty Dollar
Uncertainty after the raid on Liberty Dollar has led to a sharp spike in the trade value of Ron Paul Liberty Dollars on eBay. Almost two tons of the commemorative Ron Paul Dollars were reportedly seized by the FBI, along with the companies other holdings in gold, silver and platinum.
The company states that it is unsure if production will resume or if outstanding orders can ever be fulfilled due to the seizure and pending charges for supposed 'mail fraud, wire fraud and money laundering.'
Some of these 1 oz. coins-- previously sold for $20-- are exceeding prices of $200 amidst the uncertainty surrounding Liberty Dollar. Most eBay items don't reach full value until the last few minutes of the auction-- so that price could spike further. One Ron Paul dollar has now sold at a winning bid of $330.
LibertyDollar.org confirms today that it was indeed raided by the FBI yesterday and has now posted the search and seizure warrants served by the U.S. District Court in North Carolina. Bernard von NotHaus reports that FBI agent Andrew Romagnuolo personally told him 'the raid was related to the US Mint's warning and the beginning of a criminal investigation.'
"We have no money. We have no products. We have no records to even know what was ordered or what you are owed... I regret that if you are due an order. It may be some time until it will be filled... if ever... it now all depends on our actions," NotHaus sent out in an alert yesterday.
As even the dies for the mint have been taken, the Ron Paul issue may prove to be truly limited edition indeed unless the manufacturer prevails in legal proceedings and any resulting investigations.
NotHaus maintains that previous court actions have upheld the Liberty Dollar as legal and expects to win future legal battles. The seizure warrant lists 'mail fraud, wire fraud and money laundering' as charges.
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