Reply to Thread

Message:: [QUOTE="Cogitator, post: 1584450, member: 42568"]The word "dollar" is mentioned twice in the Constitution, in Article I, section 9 and the 7th Amendment. As a noun, it has to have a meaning, just "cat" or "apple" has a meaning. When the Constitution was written, the dollar was the Spanish Milled Dollar, also known as a "Piece of Eight." In 1792, for the currency act, the weight of the circulating Spanish Milled Dollars was found to average 371.25 grains (.77344 Troy ounce). This is what the "dollar" is. To be anything else, the Constitution would have to be amended. The old silver dollars contained 371.25 grains of fine silver that could be traded for the silver certificates, is a dollar. Nothing else is.[/QUOTE]