frequently asked questions

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Electronic Liberty Dollars are Digital Warehouse Receipts for a commodity valued against a specific amount of .999 Fine Silver stored in our own or a third party's storage facility. They are negotiable because they can be transferred to any other Member.

In a sense, it is. A recent Supreme Court Decision referenced the fact that digital currencies are a form of money that can be used to make purchases or exchanges. Under the law, it is perfectly legal to use eLD in this fashion, as long as you are not handing over physical Silver Bullion at the time of the transaction. That's why these Digital Warehouse Receipts work, because the Recipient can redeem them at any time.

Because the spot price changes frequently, we use a higher base in order to make our Warehouse Receipts remain stable at a given value for a period of time. In the event that the spot price of silver rises above that base and remains there for any length of time, we will adjust that base upward. Currently, we sell only the highest quality Silver rounds at a Member Discount off our Silver Base of $25 per ounce, which means that the warehouse receipts are valued at that rate, as well.

You can barter with anyone who is willing to accept Warehouse Receipts in exchange for goods or services, but they are NOT Legal Tender. This means that no one is required to accept them. The Liberty Dollar General Store is one place that accepts them online.

Yes. Just visit for more information.

No. Liberty Dollars are legal Bearer Warehouse Receipts that are evidence of title to a specific amount of .999 Fine Silver stored with us, and may be freely traded with anyone. eLD is a system for the exchange of Digital Warehouse Receipts, but neither of them constitute "Legal Tender." Both are intended as mediums of barter, and either is redeemable in commodities valued against .999 fine Silver Bullion.

No. eLD and Liberty Dollars are Warehouse Receipts giving you title to a commodity equal to a specific volume of .999 Fine Silver and stored for you in our own or a third party's facilities, and may be lawfully traded for goods or services. Silver Specie, the actual silver rounds or bars, however, are prohibited from direct use in commerce by law, and this was the case made by the government against Bernard von NotHaus and the original Liberty Dollar. This is why Liberty Dollar Network does not offer any silver rounds that are designed to be used as money.

No. We are sellers of Silver Bullion and warehousemen. Our Warehouse Receipts meet the requirements under US law as Negotiable Bearer instruments and can lawfully be used in barter, but we do not promote buying our silver in the hope of a profitable return in the future.

No, I'm afraid not. To buy pre-owned Silver requires a license we do not have. We can only buy and sell new Silver Bullion, but we do offer bailment so that you can deposit your silver and receive eLD or Liberty Dollars. Contact us for more information.

Or you can visit the Liberty Dollar Network Contact Page and send us your questions or coments in details.

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