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<p>[QUOTE=&quot;Ag76, post: 3470806, member: 100584&quot;]^ The exception would be bullionlike coins with no fixed denomination in terms of subsidiary coins like the late-Roman aureus, which Porteous claims in <i>Coins in History</i> came unmoored from the denarius and floated freely. The imperial government enjoyed seigniorage from debasing the other coins while requiring tax payment in aurei. In other cases, the profit from minting bullionlike coins has come from coinage fees at the mint or sale premiums, rather than seigniorage proper. Well, except when governments surreptitiously debased these coins and tried to pass them off as possessing higher fineness than they did.</p><p><br /></p><p>Nowadays, people don&#039;t use bullion-type coins for transactions (*), but apparently this was quite common all the way up to the 1930s in international trade. After FDR banned private gold ownership, the U.S. Supreme Court set aside gold clauses in contracts, and so it&#039;s now largely pointless to try to require payment in precious metal.</p><p><br /></p><p>(*) Except for the New Hampshire Free Staters (<a href="https://www.npr.org/sections/money/2013/07/05/198413086/episode-286-libertarian-summer-camp" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.npr.org/sections/money/2013/07/05/198413086/episode-286-libertarian-summer-camp" rel="nofollow">https://www.npr.org/sections/money/2013/07/05/198413086/episode-286-libertarian-summer-camp</a>).[/QUOTE]</p><p><br /></p>

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