We have had a number of private mints in the US throughout history but they were able to verify their metal content etc. Several states are considering minting their own coins as we speak. The GA legislature passed a bill that says you can pay any debt in the state of GA with gold or silver coins. I think competition is on the way.
The GA legislature passed a bill that says you can pay any debt in the state of GA with gold or silver coins.
Yeah, real odd:
No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.