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Who print or coin money?

Updated: 9/17/2019
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13y ago

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In the United States, there are three forms for monetary systems.

The first of course is barter. Barter which means to exchange one property for another. Which has been around since the dawn of mankind. The idea of this system is that one only need a property that someone else needs and exchanges it for the property they need. This system has some advantages but also some unfair practices.

(Second) As prescribed in the United States Constitution Section Eight, under The Power of Congress. It states, they enumerated "to coin Money, and regulate the value thereof...." Which created the Coin Act of 1792. Which created the famed United States Mint. And are the only kind of currency protected by the United States Constitution.

(Third) The Federal Reserve Notes, The United States paper currency. It is authorized by Section 411 of Title 12 of the United States Code. The Federal Reserve Notes are printed, regulated, and issued by The United States Bureau of Engraving and Printing (BEP).

They are both under the control of United States Department of the Treasury. However, the only ones that can change the value of coinage is Congress. The paper money, as far as I know it, should be regulated by health of the economy and ones nation. In some cases this is not true. If this is the case then the paper money is a form of Fiat currency. There is some argument that the United States paper money is a form of fiat currency.

Let you be your own judge. Fiat currency simply means, government regulated currency or a currency not backed by precious material such as gold or silver. When United States President Franklin D. Roosevelt, sign into law an Executive Order, the Executive Order 6102 in 1933 effectively removing the United States Dollar from what was once called the Gold Standard.

***Information from, Wikipedia. The United States Mint. The United States

Bureau of Engraving and Printing. And several other search texts.

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Related questions

Who has the powers to print and coin money?

The Treasury and US Mints.


Who is only allowed to coin and print money?

The Department of the Treasury


What would happen if it was legal for citizens to print and coin money?

Money would have very little value


What is a bank's own printed money called?

The Bank Can't Print its own money because only the treasury can print or make money . Every country would have a central governing authority for banks and they print paper and mint coin money.


Who has the power to print and coin meney?

Coin's are produced and made at the United States Mint.And our Paper money is printed by the Bureau Of Engraving and printing. So Both of these parties are able to make the money coin's or bill's.


Does the Constitution authorize congress to print up paper money or to coin money?

At the time the constitution was drafted and put in place only coin money was mentioned and acceptable. The power to "coin money" has obviously not been tested in courts. If it was that easy, then people would have brought suit and won this in the courts years ago. We obviously print money now. If this is unconstitutional, then we need to sue to bring the US in line with the Constitution. Good luck.


What are 2 things states can't do?

coin or print money; wage war against another state, Your mom...


The constitution gives the power to print money to?

Article I Section 8 of the United Constitution grants power to Congress to "coin money" and "regulate its value." In effect, The Department of the Treasury prints money under the authority of Congress.


Where can you find money print bedding?

Go to www.domestications.com. They have Big Money comforter sets for $39.99 --any size. The coin nightstand/bank is too cute.


Does only the federal government has the authority to print US currency?

Article I, Section 8 of the Constitution says that "The Congress shall have Power...To coin Money, regulate the Value thereof, and of foreign Coin," and Section 10 says that "No State shall...coin Money". It is illegal for private citizens to coin money.The Supreme Court has ruled that Congress's power to coin money includes the power to print paper money and make it legal tender.The Federal Reserve decides how much money will be produced. Paper money is printed by the Bureau of Engraving and Printing, and coins are produced by the United States Mint.( this is a wiki answers in the history category reproduced here. First answer by User:JohnBoyW. )Who_may_coin_and_print_money


What are some national government powers that affect your daily life?

print and coin money, establish national courts that is all i know sorry


Who is responsible for printing and coining money?

Article I, Section 8 of the Constitution says that "The Congress shall have Power...To coin Money, regulate the Value thereof, and of foreign Coin," and Section 10 says that "No State shall...coin Money". It is illegal for private citizens to coin money. The Supreme Court has ruled that Congress's power to coin money includes the power to print paper money and make it legal tender. The Federal Reserve decides how much money will be produced. Paper money is printed by the Bureau of Engraving and Printing, and coins are produced by the United States Mint.