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<p>[QUOTE=&quot;19Lyds, post: 2123939, member: 15929&quot;]But........but..........coins have &quot;never&quot; been monetized, only paper bills issued by the &quot;Federal Reserve Bank&quot;. Coins are manufactured and issued by the United States Government and &quot;distributed&quot; by the Federal Reserve Bank.</p><p><br /></p><p>On one hand, coinage is &quot;created&quot; as official forms of &quot;legal tender&quot; while paper bills, which have no intrinsic value, are &quot;authorized&quot; by the US Government.</p><p><br /></p><p>To put it a little differently, &quot;coins&quot; are SOLD to the Federal Reserve bank at their stated face value while bills (i.e. Federal Reserve Notes) are authorized &quot;by&quot; the US Government to be used as legal tender and in effect purchased &quot;from&quot; the Federal&nbsp; Reserve Bank under a congressionally approved &quot;line of credit&quot;.</p><p><br /></p><p>I really hate to se these comparisons of &quot;monetization&quot; between coins and federal reserve &quot;notes&quot; s8ince one is sold by the US Government while the other is &quot;bought&quot; by the US Government.[/QUOTE]</p><p><br /></p>

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