Clad coins are unconstitutional! :)

[SilverFinger]

Article 1 Section 10. No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.

I guess a constitutional amendment isn't necessary to change our constitutional coins from silver to crapola-

In 1965, Congress terminated coinage of Constitutional, that is silver, dollars, and authorized the so-called clad coinage, that is, slugs.

In 1968, Congress terminated redemption of any form of United States currency in silver coin and, in 1971, [President Richard M.] Nixon and [Treasury Secretary John B.] Connally repudiated the redemption of Federal Reserve Notes internationally.

 

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[Casull]

Article 1 Section 10. No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.

Nice try, but that is a limit on states.

 

[steve from ohio]

I just take those crummy clads and convert them to silver US Eagles. Been doing that for over 22 years and have tons of them now.
When silver was around 4 bucks an ounce, I was able to buy 5 or 6 Eagles a week. Now I've been getting 3 or 4 a week. Those clads will help when I retire by converting them to real money.

It is amazing how a relatively new clad coin looks so bad only after a few years in the ground.
Silver almost always looks like the day it was dropped, but those clads look like they've been in a war.

 

[The.Boomer]

Clad is legal from the Feds, but if you wanna discuss the legalities of the federal income tax, then I'm in.

 

[ClonedSIM]

If you are saying you would like to see us go back to a gold standard, I would love it! but this is just not possible in this time we live in. For one there isn't enogh gold in the whole world to make this possible.Two, the entire world would have to be on the same standard, because the world does trade with most all countries.But yes I believe in using some kind of gold standard,I believe God gave us the gold standard to trade with,if you think about it,it's something He created,and you can control inflation,and other economics with it because it is real,dealing in paper and something false( clad) is just debt,because we are borrowing from the government,since they are the ones printing it. just my 2 cents worth.

God gave us the gold standard??

 

[Real de Tayopa Tropical Tramp]

HI Megear- You posted -->

For one there isn't enogh gold in the whole world to make this possible.Two,
~~~~~~~~~~

Ah, but there is, simply reevaluate the gold to it's new base..
________________________________________________________________________________________

Don Jose de La Mancha

 

[rmptr]

I had one fellow describe to me that gold was portable land.
Made sense.

...Difficult to place an arbitrary value on gold...
It's pretty much worth the labor it takes to get it out of the ground.
Some are more fortunate than others, and seem to recover it quicker. They get wealthy.
Others keep beans in the pot.

Those who can't make wages, well, time to get into another business.

rmptr