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What does it mean to coin money?

Updated: 9/15/2023
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13y ago

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Coining money means to make money.

before the united states was fully "united" lets say, all the states had their own kind of money, this led to mass confusion. the government then decided that states would be prohibited to coin money. after that, only gold and coins were legally issued. banks gave out bills for the coins, but it was not technicallylegal.

eventually the bills became legal and evolved into what we have today.

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13y ago
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Q: What does it mean to coin money?
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