Posted on 03/06/2024 6:01:11 PM PST by Macho MAGA Man
SHREVEPORT, La. (KTAL/KMSS) — A state representative will introduce a bill before the Louisiana Legislature that could establish gold and silver as the state’s currency.
Generations have passed since legal tender was last created in the state of Louisiana, but Representative Raymond Crews, a pro-gun, pro-life, combat veteran Republican from District 8, is submitting HB 714 for consideration. If passed, the bill will once again establish gold and silver as currency in the state.
Prior to its closure, the U.S. Mint in New Orleans stamped more than 427 million gold and silver coins. The last time it minted coins was in 1909.
But at least three nations have circulated coins across the lands we now know as Louisiana.
“Before the Civil War began, the Federal Government did not issue currency. It only issued coins,” Rich Self of American Coin in Shreveport told KTAL NBC 6. “Currency, which was prevalent, was privately issued by banks, businesses, local merchants, etc… all through the country.”
Self said when the Civil War began, Lincoln saw the need for the government to control the country financially.
“During the Civil War, most of the southern States continued to issue much of their own money, including Louisiana,” said Self. “The majority of parishes also issued their own money, and so did many of the towns and cities. Even Shreveport issued money.”
(Excerpt) Read more at ktalnews.com ...
I have some silver dollar notes somewhere...
Yes, and no.
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.
The Founders argued this point. Go read what they said. It’s quite clear.
States are not permitted to coin their own money and they are required to accept Federal coinage in gold and silver as payment. Although Congress at the time allowed coins of other nations to be used. The Spanish Duobloon was used until well into the mid 1800s for example.
L
Bank issue or Mint?
I’ve often considered overpaying my taxes then demanding my refund in actual Constitutional money. i.e.,gold/silver. The US still mints gold coins. the $50 Eagle is a one ounce coin.
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