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Has the US ever "demonetized" any currency or coinage?
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<p>[QUOTE="GDJMSP, post: 4851457, member: 112"]Yeah they're still legal tender. Demonetization is a legal technicality, one that requires the force of law, just as monetization does. But monetization has other requirements too, like the item has to be deliberately released by the govt. entity. Which is why some items like '33 double eagles are not considered legal or monetized - because the govt. swears they never released any. On the other hand, demonetization only requires the force of law. </p><p><br /></p><p>What I mean by legal technicality is just because something is legal tender, that doesn't mean people have to accept it in the course of commerce.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 4851457, member: 112"]Yeah they're still legal tender. Demonetization is a legal technicality, one that requires the force of law, just as monetization does. But monetization has other requirements too, like the item has to be deliberately released by the govt. entity. Which is why some items like '33 double eagles are not considered legal or monetized - because the govt. swears they never released any. On the other hand, demonetization only requires the force of law. What I mean by legal technicality is just because something is legal tender, that doesn't mean people have to accept it in the course of commerce.[/QUOTE]
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Has the US ever "demonetized" any currency or coinage?
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