Why are dimes smaller in diameter than a modern penny??

You have another confusion. "Government" is a name of an institution, is not my equivalent as a person, not counterpart of persons. If you mean "government people", then, it is ok. Government as institution can not create, define or regulate the money. Yes, government people too (for ex, in the mints) are working, spending efforts. If they do their works complete, they too would have had the one metal token like I had. Otherwise, I consider those government people too are lazy people.

Does the metal token in my pocket have the name of a government? So what? On that one metal token, there is also a flower picture. Also, there are atoms, electrons, protons etc in that metal token in my pocket. Etc. All these are created by the Government people? No. Yes, they put a label, the name of their instution on this metal token in my pocket, but, it is their duty. They shouldn't have done any work!? Ok, that metal coin is also belong to them if they spent effort in the whole process of coin making with lots of labors at its every stage from removing labor efforts of the metal particles under the ground to transportation labor efforts to metal processing factories to labor efforts in those factories to, yes, labor efforts in the government mints to distribution labor efforts of the finished coins to the market to labor efforts in the retail market to labor efforts till final destinations in the pockets. Government people are only a part of this whole big process. At the end, if they do not have one metal token in their pockets, they are lazy people and WEAK people EVEN if they have big armies. Real power is not government or anyone else, real power is MONEY and more important than this is... EFFORT... a thing that is required to earn money and also a thing that exists also in the money... So, MONEY = EFFORT.

Don't exaggerate or overrate the government or any institution people. History has seen many government people. 500 years ago, government instution people were saying that the Earth was flat till Galileo said the Earth was round. Who won at the end? Not Government powered people, but, Galileo, more specifically, truth won. Truth always wins. Truth about the money is that it is not made by government only, but, by everybody, the money is belong to everybody who works, and that may include government people also if they are working, if they are completing the money work, which IS already incomplete, they still do NOT have one metal token in their pockets. Poor they are. Weak they are. Lazy they are.

 

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“They” is me, moron. The signature on my paycheck is that of the Treasurer of the Commonwealth of Pennsylvania. So now we know who “they” is - it’s me. Who are you then? edited I’ve worked for 25+ years in private industry and now 13 in government. (Two stints with more private sector in between.) The government workers are smarter, by and large. They (we) are ABSOLUTELY better educated, by far.

 

Government treasurers here, either, do not have such one "token" in their pocket.
They are LAZY.

 

I carry a 2016 Kennedy half dollar and a 2007 Sacajawea dollar with me as pocket pieces daily. What does that tell you? I have no daily need for euro coins or other world coins, although I do collect many, most of which have been demonetized by their respective governments. Were I to ever move overseas, my new daily use change would either have a British monarch on it or be Swiss. I have no desire to participate in the euro or anywhere else other than where I am or those other two.

 

Eh, that's a progress, you are closer after all those years. But...
You have worked 25+ + 13 = 38+ years and you still don't have one cent in your pocket? Poor you.

 

Wealth is truly in the eye of the beholder

 

It’s far worse than you think. Presently, I have no pockets. Also, I seldom keep any coins in my pockets other than EXTRAORDINARILY temporarily. My practice is to, as soon as practical, place them into one of the four plastic tubes that reside in my leather satchel, one for each of the four most typically circulated U.S. denominations. I have done this for well over six years now. I end up accumulating approximately $300 in change each year. It’s interesting to me just how little the total varies. The variation is less than 5%, year upon year. I very seldom use change in commerce, other than to receive it. I nearly never spend any. Only VERY rarely. I end up returning it to the banking system.

My entire lifestyle will be changing radically in 12 days from today. I expect to see a radical reduction in coin use, since most of it I presently accumulate comes into my possession during my homeward commute, which is being reduced in time and distance by well over 99%. If my office were on the opposite side of the building from where it is, I would be able to see my cat at my new home from my office window, and be able to entertain her with a laser pointer. Alas, my window is on the north side, and my new home is on the south side.

 

This is an admission, a confession. (You'll laugh at yourself one day in the future.)

I'm far away from Pennsylvania. But, if I were there now, with one cent ALWAYS in my pocket, I'd not respect you the "Government Officer" at all, even if you are a professor or president... (Ok, late here in the night. good evening to there.)

 

I wish for the day I can melt down all copper containing cents ( not the zinc core of course) and cast bronze effigies with immunity. That day will come. Kirk, be careful with the laser on your cat,

"We see cats that are either blind or going blind several times a week," says Thomas Kern, DVM, associate professor of ophthalmology at Cornell University's .."

 

The day will come as soon as we wise up and discontinue the cent altogether. And the laser spot goes on the wall or floor, never the cat’s mug.

 

Some of us were, but if you were in elementary school within the last twenty years or so, maybe not.

And there you have it, protect yourself by always having a cent in your pocket. The new tin foil hat.

 

Of course. One of many advantages of having the one cent in the pocket is it protects against so-called "patriot" governmental authorities who do NOT have the one cent in their pockets BUT they say "the one cent is the coin issued by governmental authority", without a one cent in their pockets. Yes, they are smarts! (lol)

 

Silver and Werewolves, Crosses and Vampires, one cent pieces and Government authorities.

 

Shhh, there is a "Kurt" here who is a government authority. (ps: "kurt" in turkic means "wolf")

 

(As if Kurt gives one iota of a darn what ANYTHING means in Turkic. "Big bad wolf" hint: I don't, because I have no reason on earth to care about it. I have zero need and even less than zero DESIRE to interact with that culture, ESPECIALLY in its most recent manifestation. How about THAT?)

If I'm ever within that culture's land territory, alert the U.S. State Department, because there's a 100% likelihood I'm being held against my will. The same applies for the vast majority of countries, so don't feel singled out. Great Britain? Okay. Switzerland? Better than okay. Canada? Meh. Anywhere else? Foul play, almost certainly, unless I'm on a train transiting from the U.K. to Switzerland, or vice versa.

I'm "the guy" - the one for whom Brexit makes me love Britain to the extreme.

 

This thread has (d)evolved somewhat from its original question so I don't feel bad about throwing in a random observation or two.

Is the dollar the basic unit of "money" or is the Cent? Since the Cent is defined as a fractional (1/100) part of the dollar then the dollar must be the basic unit and everything else is just part of that basic unit.

Per Alexander Hamilton. "
... the unit in the money of account will continue to be, as established by that resolution [of August 8, 1786], a dollar, and its multiples, dimes, cents, and mills, or tenths, hundreths, [sic] and thousands.

Thus, the phrase "money of account" did not mean, by itself, that dollars or fractions of dollars must be equal to something having intrinsic or "substantive" value.
"

What is money? http://uscode.house.gov/view.xhtml?path=/prelim@title31/subtitle4&edition=prelim

What is a dollar? http://www.constitution.org/mon/what_is_a_dollar.htm

Are coins legal tender? http://coinsite.com/are-all-us-coins-legal-tender-or-only-certain-ones/

 

Yes @davidh, that's all very well and good, but wait for it ... what REALLY matters is what it all means in Turkic.

 

In other words, you are saying that "Since we defined the dollar FIRST, the dollar is the basic unit". 2000 years ago, Romans did similar, they defined the "aureus" FIRST and then, they divided into fractions, eg, into "denarius". Like you, according to them, "aureus" was the basic unit. But... these are not scientific definitions of the "unit" of money itself. However, you can not find scientific definition of the unit of money itself in the law articles, neither in scientific articles.

I read that page in too "lawly" English, with zillions of "amendments", still, there is no any answer to what the money is.

Lots of confusions mentioned, no need to read it all.

No agreement even on this even among the people there.

---

The article (written in 1981) you gave its link before somewhere (I don't remember where in the thread or in which thread now) was much better than these pages as that article summarizes the US monetary system clearly. I copied&pasted that article and discussed about it here on this page: https://www.cointalk.com/threads/coin-without-any-number-figure.299880/page-22

Ps: "Wolf Bellman", the best places for you is neither the US nor England nor Germany where the cents are being (tried to be) circulated. Many countries in the World where there is no cent are good for you. But, In neighbour Canada which phased out the cent years ago, you can happily live there. Even the better for you is Japan, they have no any cent ("sen" of yen) anymore for years, they have no mind confusing dual-unit system, they have only Yen. They perfectly fit your money culture preference.

 

I'm pretty sure that the law is the law, whether you find it easy to understand or not.