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<p>[QUOTE=&quot;medoraman, post: 1392828, member: 26302&quot;]Its an outmoded definition then. You could not cut US coinage into pieces and expect to have them accepted, even when they were silver or gold, in the last century. How many cut into pieces half dollars have you ever seen? If your definition is correct, then there should be tons of these around. </p><p><br /></p><p>In today&#039;s society, gold and silver are cimply commodities like oil, cotton, or corn, and are repriced every day in dollars. The fact that negotiation to buy or sell them is always denominated in dollars tells you dollars is the money of the US. Silver would be money ONLY if merchants priced items in so many grains of silver. The fact that you have to negotiate a barter each time you would ever wish to use silver or gold for payment in this country is prima facie evidence that they do not function as money in our society. Silver and gold serve as money just as much as a bushel of corn or a bale of hay does. All of them can be bartered with only if the other person wants them. Guess what? The first thing they will check, if you wish to try to barter with them, is how much they are worth IN DOLLARS! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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