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To: untrained skeptic

If the US Mint doesn’t try to pass off their one-ounce silver coin as currency, why do they stamp “ONE DOLLAR” on it, call it legal tender, and issue it under the Congressional authority to coin money?


495 posted on 11/15/2007 12:54:42 PM PST by mvpel (Michael Pelletier)
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To: All

Why does this keep coming up in “Breaking News”?


497 posted on 11/15/2007 12:55:29 PM PST by kevkrom ("Should government be doing this? And if so, then at what level of government?" - FDT)
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To: mvpel
I'm not exactly sure what coin you are talking about, but the US Mint creates uncirculated coins for collectors.

It may very well be legal tender. However, it is not intended to be used as currency.

The US government has the constitutional authority to mint coins and regulate currency, and they have done so.

You can argue that our paper money system is unconstitutional because the constitution specifically says "to coin money".

However, I have a hard time understanding how people who claim to be constitutionalists suggest that the government can't stop people from overtly trying to undermine the value of their currency by introducing their own and suggesting it be used in place of the dollar.

512 posted on 11/15/2007 1:10:37 PM PST by untrained skeptic
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