American Open Currency Standard American Open Currency Standard American Open Currency Standard (AOCS) is a non-profit organization opposed to fiat money and wishing to expedite the use of metal as money. In accordance with its mission, AOCS grants approval to new currencies, helps new currency issuers to establish brand identity, and encourages merchants to accept AOCS-approved currencies. AOCS was started in 2007 by Robert Gray, who was formerly a Regional Currency Office for Liberty Dollar and is currently the Executive Director of AOCS. Robert Gray testified before the United States House Financial Services Subcommittee on Domestic Monetary Policy and Technology when congressman Ron Paul
Counterfeit United States currency third to one half of the nation's currency was counterfeit. Due to this fact, counterfeit money posed a major threat to the economy and financial system in America. In accordance, the Secret Service, founded in 1865, stated its primary task to be reducing counterfeit money in circulation. The current figure of American counterfeit bills is less than .01%. Several specific examples of groups counterfeiting United States currency have also been noted. During World War II Nazi Germany successfully produced high-quality counterfeits of American dollar and Bank of England pound notes although few ever were circulated thoroughly. Superdollars, very high quality