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<p>[QUOTE=&quot;Conder101, post: 1262394, member: 66&quot;]No it doesn&#039;t. Once again it stops the STATES from making anything except gold and silver legal tender.&nbsp; It does not stop them from accepting other things in payment of debts, and that includes whatever the FEDERAL government decides will be legal tender.</p><p><br /></p><p><br /></p><p>And the coinage of those state mints ended in 1787 when the Constitution was adopted and the states lost to right to create money.</p><p><br /></p><p>Legal Tender is a tricky concept and it does not mean the same thing today as it did back then.&nbsp; Today the courts recognize legal tender as a legal attempt to satisfy a debt, but the creditor is not obligated to accept it.&nbsp; If he doesn&#039;t the debt is still present and other means may be agreed upon to settle the debt.&nbsp; However since a legal attempt has been made the creditor may not add interest, late penalties etc to the debt from the time the attempt was made.&nbsp; Back before the mid 20th century legal tender was taken to mean a form of payment that MUST be accepted when offered.&nbsp; The courts basically took it from a MUST to a MAY.</p><p><br /></p><p>As for the government striking a coin and it not being legal tender, the early coppers were viewed as a token of convenience to help with the flow of commerce.&nbsp; They were not give legal tender status and they could be accepted or rejected at the whim of the buyer/seller.&nbsp; Usually since there were chronic shortages of coins this was not a problem, but when the FE cents flooded commerce in 1857 merchant had way more cents than they needed, and so did the banks.&nbsp; So the banks began rejecting them which made it even worse for the merchants so they started rejecting them.&nbsp; Suggested reading&nbsp; Fractional Money by Neil Carothers.[/QUOTE]</p><p><br /></p>

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