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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 currency. Congress may charter banks and endow them with the right to issue circulating notes, 3.
The term ‘power to regulate the value thereof,’ with respect to ‘coined’ money, means simply the power to adjust the amount of gold in U.S. gold coins, in order to keep both gold and silver money in circulation — that is, to counteract Gresham’s Law. (Indeed, because of the Legal Tender Clause, this is not just a power but a duty.)
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 ...
As a result, the Constitution’s monetary clauses expressly grant Congress the power to coin money and to borrow money by issuing “notes” (i.e., interest-bearing government bonds), but not to...
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.
ArtI.S10.C1.2.1 States and Coining of Money and Issuing Bills of Credit: Overview. Article I, Section 10, Clause 1: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of ...
Coinage, Weights, and Measures. The power “to coin money” and “regulate the value thereof” has been broadly construed to authorize regulation of every phase of the subject of currency.
