Actually, that was my belief a while back, as well, that states could not coin money.
The actual prohibition, however, is only on fiat currency like the fedgov issues. PM coins are allowed, constitutionally.
>Actually, that was my belief a while back, as well, that states could not coin money.
Art I, Section. 10.
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing 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.
>The actual prohibition, however, is only on fiat currency like the fedgov issues. PM coins are allowed, constitutionally.
Amendment X, however would seem to indicate that the people could mint coinage, so long as it does not ‘counterfeit’ of the US Coinage.