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<p>[QUOTE=&quot;medoraman, post: 8258299, member: 26302&quot;]Mostly agree. Base metal coins usually are legal tender to a degree, (that can be not as precise as our definition but could include acceptance of payment by the government), due to their intrinsic value not equaling the amount the government intended them to circulate at. Without some kind of mandate for use, the population would simply value them at bullion value, ruining the intended purpose of facilitating trade. However, in the case of the fugio, it was intended to be used in an existing coinage system, hence legal tender not being required. </p><p><br /></p><p>I think my original post was more answering Doug if a country created a new coinage system with a third party mint, the government would have to do SOMETHING to have all coins circulate at intended value. I guess this argument is not nearly as strong or make as much sense today with no circulating pm coins competing with base metal ones.[/QUOTE]</p><p><br /></p>

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