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Can individual states in the US coin money?

Anonymous

∙ 12y ago

Updated: 9/16/2023

No

Wiki User

∙ 12y ago

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Related Questions

Can states coin money if it is backed by gold?

No. None of the states have a legal right to coin money. Only the federal government can do this. The US ceased to use gold as a standard for money in 1933.

Which clause states that Congress has the power to coin money determine the value of US money and punish any person who tries to counterfeit US money?

commerce clause

The US Constitution for bids states to what?

States are not allowed to coin money. This information is found in Article 1, Section 10, Clause 1 of the US Constitution.

The US Constitution for bids states to what a make laws b use a sales tax c coin money d take a state census LET ME KNOW ASAP?

The US Constitution forbids states to coin money. They also forbid states to allow anything other than gold or silver to be used as legal tender.

Do you have to be alive to be on united states money?

Ummm...no. No one whose picture is printed on a current US coin or bill is alive.

How much is 100 cents and Chinese money worth in US currency?

how much is a 100 cent coin of chinese money worth in united states currency

Who has the powers to print and coin money?

The Treasury and US Mints.

Can indiviual states in the US can coin money?

No. Only the U.S. Treasury Department can mint U.S. coins through the U.S. Mint.

What government is the only level of American government that has the right to coin money?

Article 1 Section 8 of the US Constitution states that "The Congress shall have Power To:..." (among other things) "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;" Clearly it is the Federal government that has the right to coin money.

What part of the US Constitution gave Congress the power to coin money?

Prior to the establishment of a more powerful federal government outlined in the United States Constitution, states and banks were printing their own currency. Having so many different currencies only served to hamper interstate commerce. The power to coin money was vested in the federal government for the purpose of creating a currency that applied to the entire country as opposed to individual states.

How much is a united Arab emirates coin in the US?

How much is a united states emirate coin worth in US

Who has the power to coin money?

The US Department of the Treasury

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