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What forms of precious metal would be considered currency?

Submitted by Sandra on Fri, 08/22/2008 - 23:01
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i see in ancient times they would trade pieces of coin or rings. I was wondering if the metals can be "minted" in other forms to be traded legally since the Fed won't let localities mint coin.

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There are private mints....

Submitted by jspark311 on Sat, 08/23/2008 - 04:12.

There exist private mints, but their products are collectibles, and not legal tender. Hell... there are even people who mint as a hobby. If you are creative with machines and chemistry, you can mint coins in your garage. But under current legal conditions, they will be worthless as anything other than the metal they are made from.

But that isn't so bad. The US mint used to have a policy where you sent them your metal, and they purified and minted it for you. You got the US-Gov't seal of approval on your real money. And all was good in the world.

As long as the mints are honest about the content and purity, you could technically use any mint's coins for $$$. But until people start widely accepting metal as money again, all of this is moot.

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If metals are ever made

Submitted by Josh on Sat, 08/23/2008 - 03:27.

If metals are ever made illegal, they will be illegal in any way, shape or form.

Only rare old coins are exceptions. So no, you can't mint or mold it into a legal form.