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Washington State proposed bill to make gold and silver legal tender
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<p>[QUOTE="fatima, post: 1363187, member: 22143"]No I'm not kidding. You brought that nonsense into the conversation. On the other item, you are absolutely wrong about the value of the materials is what is traded. I recommend that you go and read the coinage act of 1792. Transactions were specified in gold & silver, not dollars & cents. The US Mint only provided a convenient and reliable assay that your gold coin held the amount of gold as stated. Nothing more, nothing less. </p><p><br /></p><p>In fact, the coinage act of 1792 established that anyone could bring in gold bullion, and the Mint would assay it and then mint it into coins for no charge. The value was in the gold, not in the fact that it had been stamped by the mint. If natives of the far off past had reason to trade in ivory and shells, it would have been because those items were rare and coveted. It wasn't because those items had been handed out by some government.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1363187, member: 22143"]No I'm not kidding. You brought that nonsense into the conversation. On the other item, you are absolutely wrong about the value of the materials is what is traded. I recommend that you go and read the coinage act of 1792. Transactions were specified in gold & silver, not dollars & cents. The US Mint only provided a convenient and reliable assay that your gold coin held the amount of gold as stated. Nothing more, nothing less. In fact, the coinage act of 1792 established that anyone could bring in gold bullion, and the Mint would assay it and then mint it into coins for no charge. The value was in the gold, not in the fact that it had been stamped by the mint. If natives of the far off past had reason to trade in ivory and shells, it would have been because those items were rare and coveted. It wasn't because those items had been handed out by some government.[/QUOTE]
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Washington State proposed bill to make gold and silver legal tender
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