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ArtI.S8.C5.1 Congress's Coinage Power. Article I, Section 8, Clause 5: [The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; . . .
2 Αυγ 2024 · Congress and Currency. Article I, Section 8, Clause 5 is known as the coinage clause. It gives Congress the exclusive power to coin money. The Supreme Court has also interpreted clause 5 as giving Congress the sole authority to regulate every aspect of United States currency. The Supreme Court case McCulloch v.
Because Article I, Section 10, Clause 1 of the Constitution prohibits the States from coining money, 1. the Supreme Court has recognized Congress’s coinage power to be exclusive. 2. The Supreme Court has also construed Congress’s power “to coin money” and “regulate the value thereof” to authorize Congress to regulate every phase of ...
Under the Articles of Confederation, both the Continental Congress and the states had the authority to coin money, but only Congress could fix its “alloy and value.” The evident intention is to give that power exclusively to Congress under Article I, Section 8, Clause 5.
The Supreme Court has also construed Congress’s power to coin money and regulate the value thereof to auth or ize Congress to regulate every phase of currency. Congress may charter banks and endow them with the right to issue circulating notes, 3.
Article I. Section 8 Enumerated Powers. Clause 5 Standards. To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; ArtI.S8.C5.1 Congress's Coinage Power.
Defending the constitutionality of paper money according to the original public meaning of paper money and discussing the original meanings of “regulate the value” and “coin.”
