Liberty banjo company (Bob Flesher and Paul Morrissey) was was of the finest independant builders back in the late 70's early 80's when Gibson was producing bad banjos. These guys made ther own flanges, tension hoops, tone rings, necks, pots, just about everything. The Liberty Co was around for only a few years (hard to make money when you build banjos this good) and they are rare, rare, rare.
Bob is still building banjos (mostly minstrel) and you can see his work here:
Here is a link for some interesting Liberty history
Rim is 3 ply old growth maple, now over 30 years old. The inlay is equisite, intricate, the equal if not superior the Gibson, Huber etc.
The metal work is a piece of art.
And the sound is wonderful. Loud, but extremely rich with clarity,depth and pop. It reminds me very much of Alan Munde's banjo tone in his "Festival Favorites Revisited" cd. I play his versions of Santa Claus, Shenendoah Breakdown and Hot Burrito Breakdown from that CD and that's how I know!
Equipped with an old Cathey (rare) tone ring
These Youtube are of a Quadrille although not my specific one.