Executive order 2020-21 becomes effective at 12:01 AM March 24, 2020. Liberty Coin Service, a money service business registered with the federal government will remain open for business under the financial services exemption from closure. Here are the essential services for which the company needs to remain open:
Liberty Coin Service has enjoyed exceptionally heavy customer traffic this past two weeks. However, beginning Monday, March 23 for at least one week we are implementing precautions to reduce the risk of our staff and customers contracting the coronavirus (COVID-19) disease, which could lead to the closure of operations.
Beginning February 29 and continuing through March 31, Liberty Coin Service in Lansing’s Frandor Shopping Center is helping customers on a treasure hunt by offering free oral and written appraisals of a wide variety of jewelry, coins, gold, paper money, diamonds, silver, other precious metals, and a number of collectibles. The Treasure Hunt started with a bang on Saturday, February 29, when over a hundred people brought to Liberty Coins items that had been sitting in their drawers, closets, basements, and attics to be checked out. Liberty provides these appraisals as a public service at no charge and no obligation to conduct a transaction.
For the next few weeks, Liberty Coin Service in Lansing’s Frandor Shopping Center is exhibiting selections of an early Michigan history treasure trove. The documents on exhibit are letters signed by Michigan territorial and state governors and US Senators from 1805 up into the 20th Century.
At the Florida United Numismatist convention in Orlando, Florida on January 10, 2020, Liberty Coin Service Communications Officer Patrick A. Heller was honored as one of five new “Numismatic Ambassadors.” He is now one of just over 200 people so honored by the hobby and industry since 1974.
Liberty Coin Service owner and CEO, Tom Coulson, says this week’s actions and statements by Federal Reserve officials as indicating a major risk of a near-term US economic downturn.
“On Tuesday, the Federal Reserve stepped in to inject liquidity into the bank overnight loan market by purchasing US Treasury debt from banks. The liquidity crunch in this market was so extreme that the annual interest rate on overnight bank loans spiked to 10% by Tuesday morning. The Federal Reserve injected $53 billion into this market on Tuesday and another $75 billion on Wednesday. Such a move almost always signifies major distress in the US banking system. The last time the Federal Reserve took such actions was in 2008, during the Great Recession, when banks were so afraid of possible failure by other banks that they were averse to lending overnight money to other banks.”
At the Numismatic Literary Guild (NLG) Annual Awards Ceremony on August 15, 2019, Liberty Coin Service’s Communications Officer Patrick A. Heller was honored with awards for Best Investment Newsletter and Best Radio Report. The awards ceremony was conducted during the American Numismatic Association World’s Fair of Money held in Rosemont, Illinois.
To help area residents discover any unknown treasures they may have sitting in their closets, attics, basements, cupboards, and safe deposit boxes, Liberty Coins in the Frandor Shopping Center is offering Free Appraisals In March. The event will continue through March 30.