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<p>[QUOTE=&quot;medoraman, post: 1364021, member: 26302&quot;]I agree, it clearly prohibits States from coining money. It is black and white.</p><p><br /></p><p>Concerning making something a tender, it is simply saying for &quot;legal tender&quot;, (a term reserved exclusively to debts, ie what a court can force someone to pay), states can only designate gold or silver. What this means in this context is the Federal government has full authority to declare legal tender, and create such, within the entire US. If a state wishes to add to what is &quot;legal tender&quot; it can only designate gold or silver as such. </p><p><br /></p><p>The historical background was the US was woefully short of coinage when the Constitution was written. This clause allowed the States to declare Spanish silver and gold coin as legal tender, in addition to whatever US legal tender was, to facilitate trade. However, its clear both in the Constitution as well as the Federalist papers, that the right to coin money for the United States was agreed to strictly be a Federal function.</p><p><br /></p><p>Sorry, but to read the Constitution says only gold and silver are money from this clause I strongly disagree with. It sounds like a conspiracy theory popularly written in gold bug blogs. If this was an accepted view, why has no state ever attempted it? Even those coining money before they were states stopped immediately before they became states.[/QUOTE]</p><p><br /></p>

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