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<p>[QUOTE="Conder101, post: 4948742, member: 66"]Because under the Articles of Confederation. which was passed in 1777, and was the government the states operated under until the ratification of the Constitution in 1787, the Federal government had the authority to establish the currency and set the standards and issue coins (this was the authority the Fugio Cent was issued under). But the STATES were also given the authority to issue their own coinage, and Connecticut, New Jersey, and Massachusetts did so. (Vermont issued coins as well but they were an independent country at the time, not part of the United States. They didn't become part of the US until 1791. They were not a signatory of the Articles of Confederation.) Once the Constitution was ratified the power to create coins was reserved to the Federal Government.</p><p><br /></p><p>Although the Constitution had been written in 1787, it wasn't ratified until June of 1788, and didn't go into effect until 1789, so the 1788 CT coppers were still legally authorized by the State. So they were legitimate coinage.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 4948742, member: 66"]Because under the Articles of Confederation. which was passed in 1777, and was the government the states operated under until the ratification of the Constitution in 1787, the Federal government had the authority to establish the currency and set the standards and issue coins (this was the authority the Fugio Cent was issued under). But the STATES were also given the authority to issue their own coinage, and Connecticut, New Jersey, and Massachusetts did so. (Vermont issued coins as well but they were an independent country at the time, not part of the United States. They didn't become part of the US until 1791. They were not a signatory of the Articles of Confederation.) Once the Constitution was ratified the power to create coins was reserved to the Federal Government. Although the Constitution had been written in 1787, it wasn't ratified until June of 1788, and didn't go into effect until 1789, so the 1788 CT coppers were still legally authorized by the State. So they were legitimate coinage.[/QUOTE]
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