What Does Coin Money Mean In Government

COIN, commerce, contracts. A piece of gold, silver or other metal stamped by authority of the government, in order to determine its value, commonly called money.

What type of power is it coin money?

ArtI. S8. C5. 1 Coinage Power [The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; . . . Ling Su Fan v. United States, 218 U.S. 302 (1910).

What is the power to coin money?

The Constitution gives Congress the power over the currency of the United States including the power to coin money and regulate its value. Congress also has the power to charter banks to circulate money. The converse power of the creation of currency is to regulate any and all counterfeit currency.

What does it mean that the government can coin money?

Section 8 permits Congress to coin money and to regulate its value. Section 10 denies states the right to coin or to print their own money. The framers clearly intended a national monetary system based on coin and for the power to regulate that system to rest only with the federal government.

What does coin money mean?

Make a great deal of money easily or very quickly. For example, With a monopoly on the market he could coin money, or These highly motivated realtors just about enable the agency to mint money. This hyperbolic expression dates from the mid-1800s.
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