This is one of the official issues of the Approved silver and gold currencies (AOCS) of North America. Founded with the aim of replacing the American dollar as the dominant currency system and implementing silver as money, it has grown in importance over the last number of years.
This piece is dedicated to Ludwig Von Mises, an important economist of the Austrian school, critic with the modern monetary system, currently used. The coin shows the image of Von Mises in the obverse and the coat of arms of his family and Institute in the reverse.
AOCS’ members claim that the American dollar is a mortgage on wealth that does not exist. Therefore it needs to be replaced by a proper currency system that protects wealth, as those based in silver and gold do.
AOCS have seen an incredible growth in use and popularity over the last years due to the financial and economic crisis.