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<p>[QUOTE="GDJMSP, post: 3925, member: 112"]Well I hate to tell but it's not a fantasy - it's a matter of fact. Cowrie shells were indeed once used as money. So were many other objects that today we would consider worthless.</p><p><br /></p><p>I understand your point about fiat money though - I was merely trying to point out that anything - regardless of what it is made out of - can serve as money as long as those using it as such are willing to accept it as money and it faciltates commerce. That is after all the point of money - to facilitate commerce. For what makes gold & silver precious ? Nothing at all - except for people's perception of it. </p><p><br /></p><p>Now we could discuss back and forth the two sides of the issue as to whether or not it was illegal for our govt. to go off of the gold standard and later the silver standard. But all of the legal authorities on Constitutional law say say it was legal. So I won't debate it with you - this is a coin forum after all - not a political one.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3925, member: 112"]Well I hate to tell but it's not a fantasy - it's a matter of fact. Cowrie shells were indeed once used as money. So were many other objects that today we would consider worthless. I understand your point about fiat money though - I was merely trying to point out that anything - regardless of what it is made out of - can serve as money as long as those using it as such are willing to accept it as money and it faciltates commerce. That is after all the point of money - to facilitate commerce. For what makes gold & silver precious ? Nothing at all - except for people's perception of it. Now we could discuss back and forth the two sides of the issue as to whether or not it was illegal for our govt. to go off of the gold standard and later the silver standard. But all of the legal authorities on Constitutional law say say it was legal. So I won't debate it with you - this is a coin forum after all - not a political one.[/QUOTE]
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