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<p>[QUOTE=&quot;fatima, post: 1363777, member: 22143&quot;]Then you don&#039;t understand the context of the clause.&nbsp; The law says that states can designate gold and silver coin as legal tender.&nbsp; It doesn&#039;t say that states must use US coined gold and siver coins.&nbsp; Where many modern people get mixed up is they don&#039;t understand the value of a gold coins isn&#039;t in who issued the coin but rather, the value is in the PM itself.&nbsp;&nbsp; The issuer of a gold/silver coin has simply assayed the coin to contain a certain amount of PM.&nbsp; Nothing more/nothing less.&nbsp; There is nothing wrong with the state assaying gold bullion and stamping it into a payment coin.&nbsp; There is nothing wrong with a private mint doing the same and submitting it to the state for payment.&nbsp;&nbsp; </p><p><br /></p><p>The reason the clause was put in there is because the Framers did not want the states to be issuing &quot;paper&quot; money of their own.&nbsp; This clause effectively nullifies this.&nbsp; During the Colonial period there was widespread use of &quot;Colonial&quot; script issued by the states and by the time of the Revolutionary War the economy had been wrecked by high inflation due currency print.&nbsp; (The BOE also injected counterfeit script as punishment.)&nbsp; The Framers did not want another repeat of this.[/QUOTE]</p><p><br /></p>

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