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South Carolina Legal Tender Act Would Treat Gold and Silver as Money
Tenth Amendment Center ^ | November 22, 2019 | Mike Maharrey

Posted on 11/26/2019 6:40:43 PM PST by Perseverando

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To: Perseverando

Thanks for the ping.

I wonder what SC will legislate regarding cryptocurrency?

5.56mm


21 posted on 11/27/2019 7:20:12 AM PST by M Kehoe (DRAIN THE SWAMP! BUILD THE WALL!)
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To: Perseverando

In Georgia you can pay your property taxes in gold or silver but thats about it. I wish they would start a state bank.


22 posted on 11/27/2019 7:22:52 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: Perseverando

I’m not getting the point of this. U.S. gold and silver coins are now and have always been legal tender. I can take 4 pre-’64 quarters and buy a Snickers bar. Of course I’d be stupid to do it since their silver value alone is over $12. It would be even worse for me if I used a $5 gold piece. The $5 quarter eagle is still legal tender—but only for $5. It’s melt value is $350.

Foreign coins bring up their own problems. A British gold sovereign is nominally £1. At today’s exchange rate that’s $1.29. Like the quarter eagle, the gold in a sovereign is worth about $350.


23 posted on 11/27/2019 7:56:52 AM PST by hanamizu
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To: Publius; Perseverando; All

Thanks for the ping; posts. Very interesting. BUMP!


24 posted on 11/28/2019 8:53:00 AM PST by PGalt (Past Peak Civilization?)
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To: zeugma
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 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.

Unfortunately quoting sections of the Constitution is about as useful, as a battered wife holding a copy of a restraining up, to weld off her husband as he kills her.

25 posted on 11/28/2019 5:35:21 PM PST by itsahoot (Welcome to the New USA where Islam is a religion of peace and Christianity is a mental disorder.)
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To: itsahoot
Unfortunately quoting sections of the Constitution is about as useful, as a battered wife holding a copy of a restraining up, to weld off her husband as he kills her.

True dat.

26 posted on 11/29/2019 11:49:59 AM PST by zeugma (I sure wish I lived in a country where the rule of law actually applied to those in power.)
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To: zeugma

off topic but I dont know where to put them...lol 12-08-2019..ocgn otnx yten and reemf....


27 posted on 12/08/2019 7:43:17 PM PST by Therapsid (eagan)
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