Freedom Tower Silver Dollar Front And Back

The Freedom Tower Silver Dollar is a "one dollar" coin minted under license of the Commonwealth of the Northern Mariana Islands (CNMI) in 2004. Despite vague statements in advertisements, it is not issued by the United States Mint and is not considered legal tender. The CNMI receives royalty fees from proceeds of the sale of the coin. The coin is actually minted by SoftSky, a Wyoming commemorative coin maker. USD redirects here. ... This article is about the skyscraper in New York City. ... New York, New York and NYC redirect here. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... For other uses, see World Trade Center (disambiguation). ... New York, New York and NYC redirect here. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... This article is about the skyscraper in New York City. ... The Commonwealth of the Northern Mariana Islands (CNMI) is a commonwealth in political union with the United States of America at a strategic location in the West Pacific Ocean. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Seal of the U.S. Mint Denver United States mint building The United States Mint primarily produces circulating coinage for the United States to conduct its trade and commerce. ... Legal tender or forced tender is payment that cannot be refused in settlement of a debt denominated in the same currency by virtue of law. ... Official language(s) English Capital Cheyenne Largest city Cheyenne Area  Ranked 10th  - Total 97,818 sq mi (253,348 km²)  - Width 280 miles (450 km)  - Length 360 miles (580 km)  - % water 0. ... Commemorative coins are coins that were issued to commemorate some particular event or issue. ...

Description

The obverse of the coin features a poorly rendered image of the original design proposal for the Freedom Tower by Daniel Libeskind that was to be built on the former site of the World Trade Center in New York (that design has since been replaced). Also on the obverse are the United States national motto "In God We Trust" and the words "Freedom Tower, July 4, 2004." The reverse features an image of the former World Trade Center and the words "We Will Never Forget", along with a small symbol of a star on a stone pillar within a circle. This latter unidentified icon is in fact the coat of arms of the Northern Mariana Islands. This article is about the skyscraper in New York City. ... Daniel Libeskind in front of his extension to the Denver Art Museum. ... For other uses, see World Trade Center (disambiguation). ... Midtown Manhattan, looking north from the Empire State Building, 2005 New York City (officially named the City of New York) is the most populous city in the state of New York and the entire United States. ... In logic (and usually without being paired with reverse), obverse has a meaning close to contrapositive. ... This article is about the term God in the context of monotheism and henotheism. ... is the 185th day of the year (186th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... A modern coat of arms is derived from the medi val practice of painting designs onto the shield and outer clothing of knights to enable them to be identified in battle, and later in tournaments. ...

Legality

The distributor of the coin, National Collector's Mint, advertises the item as "legally authorized government issue" and marks the coin with the valuation of "One Dollar". This is seen as being a deliberate attempt to mislead American consumers into believing it is a legal tender coin produced by the United States Mint and is worth one U.S. dollar. The National Collectors Mint is a company based in Port Chester, New York that produces novelty commemorative coins. ... This article is about the type of currency, for the U.S. Dollar see United States dollar. ... Seal of the U.S. Mint Denver United States mint building The United States Mint primarily produces circulating coinage for the United States to conduct its trade and commerce. ...

In reaction to advertising for this product, the U.S. Mint, as well as the attorneys general of various U.S. states, released a statement that the coin is not U.S. government issue. Furthermore, since the Northern Mariana Islands is a United States Commonwealth, it cannot mint its own legal tender currency (it uses regular American money). In most common law jurisdictions, the Attorney General is the main legal adviser to the government, and in some jurisdictions may in addition have executive responsibility for law enforcement or responsibility for public prosecutions. ... For other uses of Commonwealth, see Commonwealth. ... Legal tender or forced tender is payment that cannot be refused in settlement of a debt denominated in the same currency by virtue of law. ...

The distributors also purport that the coins have been struck using silver recovered from a vault in the rubble of the World Trade Center. The validity of this claim has not been confirmed. Distributors warn that the minting of the coin will cease once the quantity of recovered silver has been exhausted, and have therefore placed a limit on the number of coins that can be ordered per person. The coins are not solid silver, but are silver clad (0.0001 inch (2.5 micrometre) layer). This article is about the chemical element. ... A mint is a facility which manufactures coins for currency. ... Cladding is the bonding together of dissimilar metals. ... An inch (plural: inches; symbol or abbreviation: in or, sometimes, ″ - a double prime) is the name of a unit of length in a number of different systems, including English units, Imperial units, and United States customary units. ... A micrometre (American spelling: micrometer, symbol µm) is an SI unit of length equal to one millionth of a metre, or about a tenth of the diameter of a droplet of mist or fog. ...

The territorial government of the CNMI has made money from commissioning commemorative, non-tender coins through SoftSky and National Collector's Mint in the past, but does not claim the right to commission legal tender coinage. Some past coins issued by SoftSky, such as the 1933 Gold Double Eagle coin, have also incurred marketing controversy. The 1933 Double Eagle The 1933 double eagle (United States 20-dollar gold coin) currently holds the record for highest price brought at auction for a single U.S. coin. ...

In October 2004 the attorney general of New York, Eliot Spitzer, obtained a court order against National Collectors Mint (a Port Chester, New York company) to halt sales of the "Freedom Tower Silver Dollar" coin, citing it as fraudulently advertised. Spitzer also alleged that the company's sales contacts had asserted that the coin is legal tender. On October 13, 2004, Spitzer obtained a temporary order halting the company from advertising or selling the coin. On November 9, State Supreme Court Justice Joseph R. Cannizzaro ruled that the company had engaged in deceptive and fraudulent marketing practices, and ordered the company to terminate its misleading advertising of the coin. October 2004 : January - February - March - April - May - June - July - August - September - October - November - December See also: October 2004 in sports Events Deaths in October • 29 HRH Princess Alice • 25 John Peel • 24 James Cardinal Hickey • 23 Robert Merrill • 19 Paul Nitze • 18 K. M. Veerappan • 16 Pierre Salinger • 10 Christopher... In most common law jurisdictions, the Attorney General is the main legal adviser to the government, and in some jurisdictions may in addition have executive responsibility for law enforcement or responsibility for public prosecutions. ... This article is about the state. ... Eliot Laurence Spitzer (born June 10, 1959 ) is an American lawyer, politician and the current Governor of New York. ... Port Chester is a village in Westchester County, New York, United States. ... is the 286th day of the year (287th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... is the 313th day of the year (314th in leap years) in the Gregorian calendar. ... The Supreme Court of the State of New York is the basic New York State trial court of general jurisidiction. ...

An investigation as to the silver content and the origin of the silver in the coins was started. The attorney general's office easily determined that the coin was only silver clad, but as of 2005 the veracity of the claim that this silver came from a World Trade Center bank vault had not been determined. Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...

As a result of the controversy and legal action over the Freedom Tower coin, CNMI governor Juan N. Babauta suspended the SoftSky contract on November 13, 2004. On December 2, Babauta ended the contract. Before this course of events, the CNMI government made over $150,000 off the deal. Term of Office: January 14, 2002 –present Preceded by: Pedro P. Tenorio Succeeded by: — Date of birth: September 7, 1953 Place of birth: Saipan, Northern Marianas Islands Profession: Politician First Lady: Diane Babauta Party: Republican Party Juan Nekai Babauta is the fifth elected Governor of the United States Commonwealth of... is the 317th day of the year (318th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... is the 336th day of the year (337th in leap years) in the Gregorian calendar. ...

Other groups have also released silver Freedom Tower coins, but not with a denominational value or advertised as government issue.

The CNMI coin was named "Stupid Investment of the Week" by CBS MarketWatch on September 24, 2004. This article is about the broadcast network. ... is the 267th day of the year (268th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...

2005 Freedom Tower Dollar

In 2005, a similar coin to the CNMI Freedom Tower coin was sold, with similar design and the same claim of being made from silver "reclaimed" from the World Trade Center, but bearing the name of the Cook Islands instead of the CNMI. The Cook Islands are a self-governing democracy, and do mint their own currency (at par with the New Zealand dollar), though this coin is sold as "non-circulating". ISO 4217 Code NZD User(s) New Zealand, Cook Islands, Niue, Pitcairn Islands, Tokelau Inflation 2. ...

2001-2006 World Trade Center Gold and Silver Clad Commemorative

As of 2006, the National Collectors Mint was offering what is variously described as 2001-2006 World Trade Center Gold and Silver Clad Commemorative, 2001-2006 World Trade Center Commemorative, and 5th Anniversary World Trade Center Commemorative. It is advertised as a "non-monetary issue" that "will never be released for circulation."

This coin is a two piece set of a gold coin with a detachable silver inset of the World Trade Center complex and claims to contain "15 mg. of 24 KT gold and 15 mg. of .999 Pure silver clad," and also continued to claim that the silver was found in a bank vault buried under the rubble of Ground Zero. For comparison, a U.S. dollar coin is 8.1 g and a dime is 2.268 g, meaning that the precious metal content of the commemorative coin is likely between 0.4% and 1.3% of the total mass. For other uses, see Dime. ...

It was discovered that the "silver" analyzed was, indeed, not silver, and was only worth about 32 cents.

The company claims that "$5 of every 2001-2006 World Trade Center Commemorative order is donated to official 9/11 family charities and memorials."

External links

• 2001-2006 World Trade Center Gold and Silver Clad Commemorative (commercial)
• National Collectors Mint - Freedom Tower Silver Dollar (commercial)
• U.S. Mint press release on the Freedom Tower Silver Dollar
• Saipan Tribune story on the end of the Softkey deal
• Court Order Halts Sales of 'Freedom Tower Silver Dollars', New York State Attorney General's Office, October 13 2004
• Court Finds World Trade Center 'Freedom Tower Silver Dollar' Ads Deceptive, New York State Attorney General's Office, November 9, 2004
• Daniel Carr resume
• MarketWatch: When a dollar's not worth a buck